Global Multi-Tasking Machine Tools Market 2017-2021
Published: Jan 2017 | Pages: 71 | SKU: IRTNTR11728 |
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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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Market size estimation
- Segmentation by end-user
- Segmentation by geography
- Vendor analysis
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by end-user
- Market overview
- Aerospace manufacturing industry
- Medical device manufacturing
PART 07: Geographical segmentation
- Market overview
- Americas
- EMEA
- APAC
PART 08: Market drivers
- Ability to perform multiple operations on single machines
- Government initiatives to promote machine tools
- Demand for superior-quality products and CNC machines
PART 09: Impact of drivers
PART 10: Market challenges
- Financial constraints driving market for low-cost refurbished medical devices
- Lack of skilled labor
- Challenges faced by European machine tools manufacturers
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Introduction of hybrid multi-tasking machine tools
- Emergence of 3D printing
- Surge in automation
PART 13: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 14: Key vendor analysis
- Doosan Machine Tools
- Mazak
- Nakamura-Tome Precision Industry
- Okuma Corporation
- Tsugami
PART 15: Appendix
- List of abbreviations
PART 16: Explore Technavio
Research Framework
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.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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