Machine Tools Market in Japan 2015-2019
- Published: Nov 2015
- Pages: 66
- SKU: IRTNTR7882
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The report discusses the market projections and a comprehensive breakdown of the machine tools market in Japan by technology (NC and conventional) and by product (physico-chemical process machines, machining centers, turning machines, grinding machines, and others). The top vendors included in the report are Amada Machine Tools, JTEKT, Komatsu, and Yamazaki Mazak.
Market outlook of the machine tools market in Japan
The widespread use of machine tools across several industries such as automotive, die mold, part manufacturing, aerospace, shipbuilding, electrical and electronics, health care, and consumer durables has driven the growth of the machine tools market in Japan, posting a CAGR of more than 6% during the forecast period. The machine tools market in Japan is mainly export oriented, hence, it is highly dependent upon the performance of other economies.
One of the main reasons contributing to the growth of the machine tools market in Japan is the economic reforms taken by the present government of Japan to pull the economy out of recession. In December 2014, the government approved the stimulus package of USD 29.1 billion, which has greatly instigated some of the major reforms in the country.
Segmentation of the machine tools market in Japan by technology
- NC machine tools
- Conventional machine tools
The year 2014 saw the dominance of the NC machine tools in the machine tools market in Japan with a massive market share of over 90%. The remarkable growth of this segment is because NC machine tools are used in a wide range of operations like drafting, inspection, assembly, and sheet metal working.
Segmentation of the machine tools market in Japan by product
- Physico-chemical process machines
- Machining centers
- Turning machines
- Grinding machines
In terms of product, the machining centers segment occupied the major share with more than 42% of the machine tools market in Japan in 2014. Machining centers are used for applications like removing and fabricating metals and are mostly used in the automotive industry for manufacturing parts such as shafts and gear.
Competitive landscape and key vendors
The machine tools market in Japan note the presence of more than 200 vendors and out of the top 10 global machine tool vendors, five are from Japan. However, the manufacturers in Japan are receiving robust competition from manufactures in China in terms of production. Therefore, manufacturers in Japan are developing technologically advanced machine tools to withstand the competition.
Top vendors in this market are -
- Amada Machine Tools
- Yamazaki Mazak
Other prominent vendors included in this report are Doosan, Fives Group, Flow International, Gleason, Makino Milling Machine, Mitsubishi Heavy Industries, Okuma, Tongtai Machine & Tool, and TRUMPF Group.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the machine tools market in Japan?
- What are the key market trends impacting the growth of the machine tools market in Japan?
- What are the challenges to market growth?
- Who are the key vendors in the machine tools market in Japan
- What are the market opportunities and threats faced by the vendors in the machine tools market in Japan?
- What are the key outcomes of the five forces analysis of the machine tools market in Japan?
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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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