0

Machine Tools Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40760
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The machine tools market share is expected to increase by USD 26.72 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.87%.

This machine tools market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers machine tools market segmentations by end user (automotive, industrial machinery, precision engineering, transportation, and others) and geography (APAC, Europe, North America, MEA, and South America). The machine tools market report also offers information on several market vendors, including 600 Group Plc, AMADA Co. Ltd., DMG MORI Co. Ltd., Doosan Corp., FALCON MACHINE TOOLS Co. Ltd., General Technology Group Dalian Machine Tool Corp., JTEKT Corp., Okuma Corp., TRUMPF GmbH + Co. KG, and Yamazaki Mazak Corp. among others.

What will the Machine Tools Market Size be During the Forecast Period?

Machine Tools Market Size

Download the Free Report Sample to Unlock the Machine Tools Market Size for the Forecast Period and Other Important Statistics

 

Machine Tools Market: Key Drivers, Trends, and Challenges

The rising industrial automation globally is notably driving the machine tools market growth, although factors such as rising cost pressure from demand side may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the machine tools industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Machine Tools Market Driver

The rising industrial automation globally is a major factor driving the global machine tools market share growth. The global need to reduce manual labor inputs and increase productivity has fueled the adoption of automated technologies. Industrial automation is improving the bottom line, operational efficiency, and productivity of manufacturers. Hence, manufacturers across the world prefer industrial automation. This is driving the demand for advanced machine tools to meet the complex machining needs of automated technologies. Machine tools will play a crucial role in the manufacturing of such hi-tech equipment. Furthermore, the push toward increasing the manufacturing output in emerging economies is increasing the demand for industrial automation equipment. Emerging economies are working to create a positive environment for the manufacturing sector to increase their net export. For instance, with the Make in India campaign, the Indian government is aiming to increase the share of the manufacturing sector in the country's GDP to 25% by 2022. Moreover, the rising labor cost in prominent manufacturing countries, such as China, is increasing the investments in manufacturing plants in other emerging economies. The rising investments in increasing manufacturing in emerging economies would create demand for machine tools in these economies during the forecast period.    

Key Machine Tools Market Trend

The adoption of 3D printing technology is another factor supporting the global machine tools market share growth. Additive manufacturing, also called three-dimensional (3D) printing, has been gaining significant popularity in the manufacturing industry, which includes machine tool manufacturing. Hence, some of the prominent vendors in the global machine tools market are adopting 3D printing technology in machine tools. Yamazaki Mazak is one of the popular machine tool manufacturers promoting the integration of 3D printing technology in machine tools. In 2014, Yamazaki Mazak launched its INTEGREX i-400AM machine that features metal 3D printing technology and in-built high-precision milling, machining, and laser marking tools to enable accurate and surface finish machining. The company is promoting this machine across all the major countries. Additionally, the adoption of 3D printing technology will grow in the global machine tools market as the technology will enable adherence to the specification requirements of different customers. Hence, Technavio expects the prominent vendors in the market in focus to work on the development of 3D printing technology in machine tools during the forecast period.

Key Machine Tools Market Challenge

The rising cost pressure from demand side will be a major challenge for the global machine tools market share growth during the forecast period. Machine tool manufacturers are subject to heavy cost pressures due to a demanding consumer base. In addition, steel being the major raw material used in machine tools, fluctuations in the cost of steel have a direct impact on the global machine tools market. The cost of raw materials keeps fluctuating based on various macroeconomic factors, such as inflation, labor cost, and regulatory policy changes. The major challenge for machine tool manufacturers is to meet customers demands with regard to precision and delivery while keeping the cost in control. Hence, equipment manufacturers have started exploring methods to restrict their production costs while maintaining quality standards. One such option is to outsource manufacturing to low-cost countries, such as China, South Korea, and Taiwan. Machine tool manufacturers are gradually shifting their production facilities to these countries. However, as the cost of labor is gradually increasing in these countries as well, machine tool manufacturers are facing a challenge in maintaining the production cost. This is expected to limit the growth of the market during the forecast period.         

This machine tools market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global machine tools market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the machine tools market during the forecast period.

Who are the Major Machine Tools Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 600 Group Plc
  • AMADA Co. Ltd.
  • DMG MORI Co. Ltd.
  • Doosan Corp.
  • FALCON MACHINE TOOLS Co. Ltd.
  • General Technology Group Dalian Machine Tool Corp.
  • JTEKT Corp.
  • Okuma Corp.
  • TRUMPF GmbH + Co. KG
  • Yamazaki Mazak Corp.

 

This statistical study of the machine tools market encompasses successful business strategies deployed by the key vendors. The machine tools market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • 600 Group Plc-  The company offers Master VS 3250 which is a center lathe that features new X-axis scale mounting to reduce machine depth.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The machine tools market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Machine Tools Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the machine tools market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Machine Tools Market?

Machine Tools Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

58% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the machine tools market in APAC. Market growth in this region will be slower than the growth of the market in MEA, South America, and North America.

The strong presence of manufacturing facilities will facilitate the machine tools market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

 

What are the Revenue-generating End User Segments in the Machine Tools Market?

Machine Tools Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The machine tools market share growth in the automotive segment will be significant during the forecast period. The automotive segment is the largest revenue contributor to the global machine tools market owing to the rising adoption of varied machine tools for the production of vehicles and automotive components.

This report provides an accurate prediction of the contribution of all the segments to the growth of the machine tools market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Machine Tools Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.87%

Market growth 2021-2025

$ 26.72 billion

Market structure

Fragmented

YoY growth (%)

3.30

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 58%

Key consumer countries

China, US, Germany, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

600 Group Plc, AMADA Co. Ltd., DMG MORI Co. Ltd., Doosan Corp., FALCON MACHINE TOOLS Co. Ltd., General Technology Group Dalian Machine Tool Corp., JTEKT Corp., Okuma Corp., TRUMPF GmbH + Co. KG, and Yamazaki Mazak Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Machine Tools Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive machine tools market growth during the next five years
  • Precise estimation of the machine tools market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the machine tools industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of machine tools market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End user - Market share 2020-2025 (%)
    • 5.2 Comparison by End user
      • Exhibit 16: Comparison by End user
    • 5.3 Automotive - Market size and forecast 2020-2025
      • Exhibit 17: Automotive - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Automotive - Year-over-year growth 2020-2025 (%)
    • 5.4 Industrial machinery - Market size and forecast 2020-2025
      • Exhibit 19: Industrial machinery - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Industrial machinery - Year-over-year growth 2020-2025 (%)
    • 5.5 Precision engineering - Market size and forecast 2020-2025
      • Exhibit 21: Precision engineering - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Precision engineering - Year-over-year growth 2020-2025 (%)
    • 5.6 Transportation - Market size and forecast 2020-2025
      • Exhibit 23: Transportation - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Transportation - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End user
      • Exhibit 27: Market opportunity by End user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 35: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 36: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 39: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 44: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 45: Landscape disruption
            • Exhibit 46: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 47: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 48: Market positioning of vendors
            • Exhibit 49: 600 Group Plc - Overview
            • Exhibit 50: 600 Group Plc - Business segments
            • Exhibit 51: 600 Group Plc. - Key news
            • Exhibit 52: 600 Group Plc - Key offerings
            • Exhibit 53: 600 Group Plc - Segment focus
            • Exhibit 54: AMADA Co. Ltd. - Overview
            • Exhibit 55: AMADA Co. Ltd. - Business segments
            • Exhibit 56: AMADA Co. Ltd. - Key offerings
            • Exhibit 57: AMADA Co. Ltd. - Segment focus
            • Exhibit 58: DMG MORI Co. Ltd. - Overview
            • Exhibit 59: DMG MORI Co. Ltd. - Business segments
            • Exhibit 60: DMG MORI Co. Ltd. - Key news
            • Exhibit 61: DMG MORI Co. Ltd. - Key offerings
            • Exhibit 62: DMG MORI Co. Ltd. - Segment focus
            • Exhibit 63: Doosan Corp. - Overview
            • Exhibit 64: Doosan Corp. - Business segments
            • Exhibit 65: Doosan Corp. - Key news
            • Exhibit 66: Doosan Corp. - Key offerings
            • Exhibit 67: Doosan Corp. - Segment focus
            • Exhibit 68: FALCON MACHINE TOOLS Co. Ltd. - Overview
            • Exhibit 69: FALCON MACHINE TOOLS Co. Ltd. - Product and service
            • Exhibit 70: FALCON MACHINE TOOLS Co. Ltd. - Key offerings
            • Exhibit 71: General Technology Group Dalian Machine Tool Corp. - Overview
            • Exhibit 72: General Technology Group Dalian Machine Tool Corp. - Product and service
            • Exhibit 73: General Technology Group Dalian Machine Tool Corp. - Key offerings
            • Exhibit 74: JTEKT Corp. - Overview
            • Exhibit 75: JTEKT Corp. - Business segments
            • Exhibit 76: JTEKT Corp. - Key offerings
            • Exhibit 77: JTEKT Corp. - Segment focus
            • Exhibit 78: Okuma Corp. - Overview
            • Exhibit 79: Okuma Corp. - Business segments
            • Exhibit 80: Okuma Corp. - Key news
            • Exhibit 81: Okuma Corp. - Key offerings
            • Exhibit 82: Okuma Corp. - Segment focus
            • Exhibit 83: TRUMPF GmbH + Co. KG - Overview
            • Exhibit 84: TRUMPF GmbH + Co. KG - Business segments
            • Exhibit 85: TRUMPF GmbH + Co. KG - Key news
            • Exhibit 86: TRUMPF GmbH + Co. KG - Key offerings
            • Exhibit 87: TRUMPF GmbH + Co. KG - Segment focus
            • Exhibit 88: Yamazaki Mazak Corp. - Overview
            • Exhibit 89: Yamazaki Mazak Corp. - Product and service
            • Exhibit 90: Yamazaki Mazak Corp. - Key offerings
          • 10.3 600

            110 10.4

            112 10.5

            114 10.6

            116 10.7

            119 10.8

            121 10.9

            123 10.10

            125 10.11

            128 10.12

            130 11.

            132 11.1

            133 11.2

            134 11.3

            135 11.4

            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.

            TechnavioINFORMATION 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
            Technavio

            TechnavioDATA 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
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
            Get your sample now!
            Machine Tools Market market growth will increase by $26.72 bn during 2021-2025.
            The machine tools market market is expected to grow at a CAGR of 4.87% during 2021-2025.
            Technavio has segmented the machine tools market market by end user (automotive, industrial machinery, precision engineering, transportation, and others) ,geography (APAC, Europe, North America, MEA, and South America) , and geographic (APAC, Europe, North America, MEA, and South America).
            600 Group Plc, AMADA Co. Ltd., DMG MORI Co. Ltd., Doosan Corp., FALCON MACHINE TOOLS Co. Ltd., General Technology Group Dalian Machine Tool Corp., JTEKT Corp., Okuma Corp., TRUMPF GmbH + Co. KG, Yamazaki Mazak Corp. are a few of the key vendors in the machine tools market market.
            APAC will register the highest growth rate of 58% among the other regions. Therefore, the machine tools market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the machine tools market market growth are:
            • Rising industrial automation globally
            • Adoption of 3D printing technology
            The machine tools market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
            • 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?
            • Off-the-shelf research reports
            • Reports can be tailored to meet the customer's needs
            • Trusted by more than 100 fortune 500 organizations
            • Information about the market's key drivers, trends, and challenges
            • Parent market analysis
            • Every week, 50,000 people visit our subscription platform
            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

            Certified ISO 9001 : 2015

            We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

            We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

            Safe and Secure SSL Encrypted
            Technavio

            info
            close
            • Single User:

              Quick and easy buy and download option

            • Enterprise:

              Flexible option - Complimentary customization included

            2500 USD

            Technavio Get the report (PDF) sent to your email within minutes.

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Customized Report as per your Business Needs

            • Our analysts will work directly with you and understand your needs
            • Get data on specified regions or segments, competitor and Vendors
            • Data will be formatted and presented as per your requirements
            • We offer $1000 worth of FREE customization at the time of purchase

            Let us help you make report more suited to your requirements.

            • Get a competitive breakdown as per your niche industry
            • Customize the data with various metrics that meet your business prerequisite
            • Understand Revenue Sources, Customers and many more
            • Details on Market Share
            • These customizations are done in a short amount of time by our analysts and industry experts
            Technavio
            Enquire Before Buying
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>