Global Multi-Tasking Machine Tools Market 2017-2021

Overview of the global multi-tasking machine tools market

According to Technavio’s global multi-tasking machine tools market research report, the market is anticipated to grow at a steady rate and will post a CAGR of close to 3% during the forecast period. The increasing demand for superior-quality products and computer numeric control (CNC) machines will be one of the key multi-tasking machine tools drivers boosting the market’s growth in the forthcoming years. CNC machines are highly efficient and productive and allow the incorporation of new technologies. Also, very specific small-scale functions such as milling or drilling can be easily performed by compact CNC machines. Furthermore, some of the major factors such as convenience and ease of development of complex products and shapes and enhanced dimensional accuracy will boost the demand for these machines.

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The emergence of 3D printing will be one of the prominent multi-tasking machine tools market trends gaining traction in the market for the next four years. Some of the major factors responsible for the huge shift from traditional manufacturing techniques to 3D printing is the reduction in capital costs, raw material costs, and costs incurred during the reuse of scrap materials.

Competitive landscape and key vendors

The global multi-tasking machine tools market is highly fragmented and competitive due to the presence of a large number of regional and global vendors across the globe. According to the multi-tasking machine tools market report, these CNC machine vendors are increasingly focusing on the development and introduction of innovative products in the CNC milling machine market to strengthen their foothold in the market.

Key vendors in this market are -

• Doosan Machine Tools
• Mazak
• Nakamura-Tome Precision Industry
• Okuma
• Tsugami

Other prominent vendors in the market include Accuway Machinery, Breton, Brother, DMG Mori, Hwacheon Machine Tools, Hyundai WIA, Takisawa Machine Tool Company, Tongtai Machine & Tool Company, Toyoda, and Trevisan Machine Tool.

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Segmentation by end-user and analysis of the multi-tasking machine tools market

• Aerospace
• Medical devices

The aerospace manufacturing industries segment accounted for the maximum market share during 2016 and will continue to dominate the CNC milling machine market for the next few years. One of the major factors responsible for the growing use of multi-tasking machines in the aerospace industry is the cutting of various materials and alloys that are otherwise difficult to cut.

Segmentation by geography and analysis of the global multi-tasking machine tools market

• Americas
• APAC
• EMEA

According to the multi-tasking machine tools forecast, in terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the growth of the CNC milling machine market in the region is the growth of product categories such as orthopedic devices, coronary stents, and wound care, which are reaching their maturity stage.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global multi-tasking machine tools market?
• What are the key market trends impacting the growth of the global multi-tasking machine tools market?
• What are the challenges to market growth?
• Who are the key vendors in the global multi-tasking machine tools market?
• What are the market opportunities and threats faced by the vendors in the global multi-tasking machine tools market?
• What are the 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 multi-tasking machine tools market?

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