Machine Tools Market in Germany 2015-2019
- Published: Nov 2015
- Pages: 50
- SKU: IRTNTR7450
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Outlook of the machine tools market in Germany
Apart from traditional end-users like the automotive industry, the need for complex machining has increased in other industries as well. Technavio’s market research analysts predict the machine tools market in Germany to grow at a CAGR of close to 5.10% until 2019.
One of the major sectors which requires complex machining in Germany is the renewable energy sector. There has been an increased focus towards the generation of power through renewable energy sources like wind, solar, hydro, and geothermal energies. This focus will create the need for complex machined parts to be fitted for power generation from renewable sources.
Market segmentation of machine tools in Germany by product
- Metal cutting machine tools
- Metal forming machine tools
- Tool accessories
Metal forming machine tools are involved in the process of bending, forming, forging, die-stamping, pressing, punching, and shearing. The increase in demand for high-speed machining and high-precision machined products across automotive, general machinery, electronics, and aerospace sectors in Germany has raised the demand for metal forming machine tools. Key findings of this research report indicate the metal forming segment is likely to reach a market size of over USD 3 billion by 2019.
Key advances in technology
Continuous development in R&D has resulted in advanced machine tools, especially the computerized numerical control (CNC) machines. Since these machines are highly efficient and productive, incorporation of new technologies now majorly happens through CNC.
Vendors have started offering services through mobile devices using apps and other support functions via the Internet. Many vendors are expected to launch mobile based applications to help understand the operation and working of CNC machines. The demand for small and compact CNC machines that can perform specific functions such as drilling or milling on a small scale is increasing considerably. To leverage this opportunity, vendors are developing desktop CNCs of compact sizes to perform a single function effectively.
Leading vendors of the machine tools market in Germany
- DMG MORI SEIKI
- TRUMPF Group
Other prominent vendors in the machine tools market in Germany include Alzmetall, FFG-Werke, Grob-Werke, HAMUEL, Heller, Hermle, Index-Werke, Kapp Group, Krause & Mauser Group, Leistritz, MAG IAS, Samag, Schütte, Schwäbische Werkzeugmaschinen, Starrag Group, United Grinding Group, Waldrich Coburg, and Weisser.
Key questions answered in the report
- What are the key factors driving the machine tools market in Germany?
- What are the key market trends impacting the growth of the machine tools market in Germany?
- What are the various opportunities and threats faced by the vendors in the machine tools market in Germany?
- Key outcome of the five forces analysis on the global DM market in the machine tools market in Germany?
- Growth forecast of the machine tools market in Germany until 2019?
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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