Global Machining Centers Market 2016-2020

Below are some of the key findings from the global machining centers market analysis

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Global machining centers market overview

Technavio’s market research analysts have predicted that the global machining centers market will grow steadily during the forecast period and will post a CAGR of more than 5% by 2020. This industry research report identifies the growing demand for fabricated metal products to be one of the major factors that will have a positive impact on the growth of the global machining centers market in the coming years. The US has been the major manufacturer and exporter of fabricated metal products and the recent years have witnessed an increase in demand for US-manufactured fabricated metal products in several countries around the globe especially, Mexico, Canada, and China. This will subsequently lead to an increase in the production of fabricated metals in the country, which, in turn, leads to a rising demand for machine tools. Apart from the US, the other major countries involved in the manufacture of fabricated metal products are Germany and Japan.

The demand for high-quality products across the globe will induce companies to incorporate automation into their manufacturing processes. SMEs around the world are the major users of machine components such as computer numerical control (CNC). The adoption of computer-aided designing (CAD) and computer-aided manufacturing (CAM) to design NC and CNC machine components results in an extremely accurate machine that can operate effectively and efficiently. Additionally, automation also enhances the quality of the end product, reduces the time and human effort, reduces operational costs and also has a positive impact on resource regulation and loss control. As a result, the automation in the production of the fabricated and high-quality product will be one of the major trends that will gain traction in the machining centers market in the next four years.

Competitive landscape and the key machining center manufacturers

The global machining centers market is characterized by the presence of several vendors and appears to be fragmented. The competition among vendors are intense. In addition to international vendors, the market is also marked by the presence of several regional and local vendors who manufacture and provide customized and energy-efficient equipment at a comparatively lower price and pose a tough competition to their international counterparts. Though the entry barriers in the market are low, the new vendors find it difficult to compete with the international machining centre manufacturers in terms of product quality, features, functionalities, and services. With the introduction of products with new features and technologies, the level of competition among vendors is likely to intensify in the coming years.

The leading vendors in the market are -

• Dalian Machine Tool Group (DMTG)
• DMG Mori
• Shenyang Machine Tool (SMTCL)
• Yamazaki Mazak

The other prominent vendors in the market are Allied Machine & Engineering, Amada, AMERASEIKI, BYJC-OKUMA (Beijing) Machine Tools, Doosan, Doosan Infracore, ENSHU, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, Heller, HMT, HURCO, Hyundai WIA, Jiuh-Yeh Precision Machinery (MillStar), JTEKT, Kennametal, KIWA Japan, Komatsu, Maco, Makino Milling Machine, Matsuura, Micromatic, OKK, Sandvik, SISTER-CNC, SNK, Tongtai Machine & Tools, Toshiba Machine, Toyoda, Yama Seiki, and YCM.

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Segmentation by end-user and analysis of the machining centers market

• Aerospace
• Automotive
• Metal fabrication

According to this market research and analysis, the automotive industry accounted for more than 41% of the total market shares and dominated the industry during 2015. This industry uses machining centers in various metal processing operations like cutting, drilling, and surface cleaning of the metal sheets used in the fabrication of automotive parts. The expected growth of the automotive industry all over the world, especially in the emerging markets will bolster the market’s growth prospects in the coming years.

Geographical segmentation and analysis of the machining centers market

• Americas
• APAC
• EMEA

This market study predicts that in terms of geographical regions, APAC will dominate the industry throughout the next four years and also estimates this region to account for almost 42% of the total market shares by 2020. This dominance mainly attributes to the exponential increase in investments in the major end-user segments especially, the automotive industry. Analysts estimate the market to grow at a CAGR of more than 6% in this region during the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global machining centers market?
• What are the key market trends impacting the growth of the global machining centers market?
• What are the challenges to market growth?
• Who are the key vendors in the global machining centers market?
• What are the market opportunities and threats faced by the vendors in the global machining centers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global machining centers market?

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