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Machine Tools Market in the US 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12533
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This market research report identifies Dalian Machine, DMG MORI, Haas Automation, JTEKT, and Komatsu as the key vendors in the machine tools market in the US. This report also presents a detailed analysis of the market by product type (metal cutting machine tools and metal forming machine tools) and by end-users (automotive, aerospace, and metal fabrication).

Overview of the machine tools market in the US

Technavio’s market research report predicts that the machine tools market in the US will grow at a CAGR of above 4% during the forecast period. The rise in private non-residential fixed investments is one of the primary drivers for market growth. The recent years witnessed an increase in non-residential fixed investments in the US and this highly benefits the private vendors. For instance, private non-residential investments increased from about USD 1600 billion in 2012 to about USD 2050 billion in 2013. High investments were made in the construction sector for the betterment of infrastructures such as railways, factories, and offices, which are the major end users of machine tools. This trend is expected to continue during the forecast period as well, which will in turn, enhance the requirement for machine tools.

The industry revolution along with the popularity of the industrial internet of things (IoT) has created the need for cloud-based computing to monitor a large amount of data in cost-effective ways. As a result, there will be an increase in the adoption of CNCs as machine tools, which will increasingly adopt cloud-based systems into the machines. This will allow users to access CNC machines from remote locations using smartphones and other devices and also monitor and control operations in real time. Moreover, these advanced cloud-based CNC machines also provide features to obtain performance results of these machine tools and receive data from remote locations. Such advantages will result in an increased adoption of cloud-based machine tools in the coming years and this will be one of the latest trends that will gain traction in the machine tools market in the US.

Competitive analysis and key vendors

The machine tools market in the US is charactertized by a mixture of global and regional vendors. The vendors in the market are constantly investing in technology to bring out innovative, energy-efficient, and enhanced CNC solutions that can be used in end-user industries. Moreover, the government initiatives will also improve investments in the automotive industry in the US. Since the automotive industry is the major end user of the machine tools, this rise in investments will increase the level of competition in the market.

Key vendors in the market are:

  • Dalian Machine
  • DMG MORI
  • Haas Automation
  • JTEKT
  • Komatsu

Other prominent vendors include Amada Machine Tools, Fives, Gleason, Hardinge, Mitsubishi Electric, Makino, Okuma, Yamazaki Mazak, and TRUMPF.

Segmentation by product-type and analysis of the machine tools market in the US

  • Metal cutting machine tools
  • Metal forming machine tools

During 2016, the metal cutting machine tools dominated the product-type segment in the machine tools market in the US and is expected to continue its dominance over the next four years. The increased adoption of the metal cutting machine tools in the industries such as aerospace and automotive and the growth of the automotive industry in the US, will drive the growth of this market segment.

Segmentation by end-users and analysis of the machine tools market in the US

  • Automotive
  • Aerospace
  • Metal fabrication

As per the Technavio’s market research report, the automotive industry led the end-user segment in machine tools market in the US during 2016 and is anticipated to continue the dominion during the forecast period. Factors such as flexible investment structure, large consumer base, government incentives, and improved technologies increase the requirement for automotive and machine tools over the next four years.

 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 machine tools market in the US?
  • What are the key market trends impacting the growth of the machine tools market in the US?
  • What are the challenges to market growth?
  • Who are the key vendors in the machine tools market in the US?
  • Trending factors influencing the market shares of the US.
  • What are the market opportunities and threats faced by the vendors in the machine tools market in the US?
  • What are the key outcomes of the five forces analysis of the machine tools market in the US?

Technavio also offers customization on reports based on specific client requirement.

Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product type

  • Market overview
  • Metal cutting machine tools market in the US
  • Metal forming machine tools market in the US
  • Machine tools market in the US by other accessories

PART 07: Market segmentation by end-users

  • Market overview
  • Machine tools market in the US by automotive industry
  • Machine tools market in the US by aerospace industry
  • Machine tools market in the US by metal fabrication
  • Machine tools market in the US by other end-users

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 10: Market trends

  • Cloud-based machine tools
  • Developments in controllers
  • Increased use of non-ferrous material

PART 11: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 12: Key vendor analysis

  • Dalian Machine Tool Group (DMTG)
  • DMG MORI
  • Haas Automation
  • JTEKT
  • Komatsu

PART 13: Appendix

  • List of abbreviations

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
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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
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TechnavioREPORT 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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