Machine Tools Market by End-user and Geography - Forecast and Analysis 2021-2025
- Published: Mar 2021
- Pages: 120
- SKU: IRTNTR40760
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The machine tools market has the potential to grow by USD 26.72 billion during 2021-2025, 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 market segmentation by end-user (automotive, industrial machinery, precision engineering, transportation, and others) and geography (APAC, Europe, North America, MEA, and South America). The report also offers information on several market vendors, including 600 Group Plc, AMADA Co. Ltd., and DMG MORI Co. among others.
What will the Machine Tools Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Machine Tools Market
Machine Tools Market: Key Drivers and Trends
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing adoption of CNC machines is notably driving the machine tools market growth, although factors such as rising cost pressure from demand side may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the machine tools industry get your FREE report sample now.
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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
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.
The machine tools market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
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.
Download a free sample of the machine tools market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Machine Tools Market?
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58% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for machine tools in APAC. Market growth in this region will be slower than the growth of the market in MEA, North America, and South America.
The strong presence of manufacturing facilities will facilitate the machine tools market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Machine Tools Market?
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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. The post COVID-19 impact has brought forth a slowdown in the automotive segment growth. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the machine tools market size.
What are the Key Factors 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
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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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Frequently Asked Questions?
- Rising industrial automation globally
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