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Metal Machining Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 141
  • SKU: IRTNTR44659
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The metal machining market is projected to grow by USD 13.52 billion with a CAGR of 3.24% during the forecast period 2021 to 2026.

This metal machining 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 the metal machining market segmentation by end-user (automotive, construction, aerospace, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The metal machining market report also offers information on several market vendors, including AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co Ltd, FANUC Corp., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jet Edge Inc., JTEKT Corp., Matcor Matsu Group Inc., Mayville Engineering Co. Inc., Messer Cutting Systems Inc, Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF GmbH Co. KG, Yamazaki Mazak Corp., and DN Solutions Co. Ltd. among others.

What will the Metal Machining Market Size be During the Forecast Period?

Metal Machining Market Size

Download Report Sample to Unlock the Metal Machining Market Size for the Forecast Period and Other Important Statistics

 

Metal Machining Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the metal machining market. During the COVID-19 pandemic, the metal machining market demand has been impacted greatly. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.

Key Metal Machining Market Driver

The growing adoption of automation to leverage profitability is one of the key factors driving the metal machining market growth. The construction of equipment and structures requires extensive machining processes. The demand for metal machining is growing due to the increasing investments in infrastructure projects across the world. For instance, in January 2016, China invested around $13.1 billion in the development and construction of the Beijing International Airport, which is designed to handle about 45 million people annually by 2019 and 72 million passengers by 2025. Such developments will drive market growth in the forecast period.

Key Metal Machining Market Trend

Increasing focus on IoT is one of the key metal machining market trends fueling the market growth. Real-time data collection is one of the strengths of IoT solutions across the entire metal fabrication process. People can assess whether components in the workflow are producing the expected or intended results and where there is an opportunity for improvement, making the overall workflow more efficient. The industrial IoT can also prevent issues where machines suddenly fail and disrupt the workflow. IoT sensors can prevent these challenges by capturing operational information that indicates abnormalities or that a machine needs maintenance to prevent issues. Thus, the advent of IoT in the metal fabrication industry will drive the growth of the market during the forecast period.

Key Metal Machining Market Challenge

Fluctuations in raw material prices are one of the factors challenging the metal machining market growth. Fluctuations in the prices of raw materials such as iron, steel, aluminum, magnesium, copper, and brass, which are the major raw materials used in the metal fabrication business, have been significant for market growth. In most cases, metal fabricators pass on the increased cost to end-users. Fluctuating prices directly affect contracts for vendors, and such volatility in the cost affects new contracts and impacts the overall fabrication costs. This, in turn, will challenge the market growth in the near future.

This metal machining 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global metal machining 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 metal machining market during the forecast period.

Who are the Major Metal Machining Market Vendors?

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

 

  • AMADA Co. Ltd.
  • Atlas Copco AB
  • Bystronic Laser AG
  • DMG MORI Co Ltd
  • FANUC Corp.
  • Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd.
  • IPG Photonics Corp.
  • Jenoptik AG
  • Jet Edge Inc.
  • JTEKT Corp.
  • Matcor Matsu Group Inc.
  • Mayville Engineering Co. Inc.
  • Messer Cutting Systems Inc
  • Okuma Corp.
  • Otter Tail Corp.
  • Sandvik AB
  • Shenyang Yiji Machine Tool Sales Co. Ltd.
  • TRUMPF GmbH Co. KG
  • Yamazaki Mazak Corp.
  • DN Solutions Co. Ltd.

 

This statistical study of the metal machining market encompasses successful business strategies deployed by the key vendors. The metal machining market is fragmented, and the vendors are deploying growth strategies such as services, quality, features, and functionalities to compete in the market.

Product Insights and News

  • AMADA Co. Ltd. - The company offers metal machining equipment, such as hyper saw, pulse cutting band saw machines, and automatic general-purpose band saw machines. 

To make the most of the opportunities and recover from the 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 metal machining 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.

Metal Machining Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the metal machining 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.

Which are the Key Regions for Metal Machining Market?

Metal Machining Market Share by Geography

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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the metal machining market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The need for new residential and commercial infrastructure to meet the needs of the expanding urban population base will facilitate the metal machining 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.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 led to a decline in the growth of the regional market. However, in 2021, several countries, such as India, China, and South Korea, initiated vaccination drives, which resulted in a decline in the number of COVID-19 cases. This led to the lifting of lockdown restrictions across these countries and the revival of manufacturing activities in 2021. Thus, the regional market is expected to grow during the forecast period.

What are the Revenue-generating End-user Segments in the Metal Machining Market?

Metal Machining Market Share

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The metal machining market share growth in the automotive segment will be significant during the forecast period. The automotive industry is one of the leading end-user segments in the market, as a significant number of metal parts are used in the automotive industry. The demand for metal parts is high among manufacturers of cars, sports utility vehicles, and trucks for applications in motors, engines, batteries, alternators, brake systems, and fuel systems. Such an increasing demand will drive the automotive segment's growth during the forecast period.

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

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Metal Machining Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.24%

Market growth 2022-2026

$13.52 billion

Market structure

Fragmented

YoY growth (%)

2.75

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 44%

Key consumer countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co Ltd, FANUC Corp., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jet Edge Inc., JTEKT Corp., Matcor Matsu Group Inc., Mayville Engineering Co. Inc., Messer Cutting Systems Inc, Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF GmbH Co. KG, Yamazaki Mazak Corp., and DN Solutions Co. Ltd.

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, and Market condition analysis for the forecast period.

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What are the Key Data Covered in this Metal Machining Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive metal machining market growth during the next five years
  • Precise estimation of the metal machining market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal machining industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal machining market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Construction - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Construction - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Construction - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Construction - Year-over-year growth 2021-2026 (%)
    • 5.5 Aerospace - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Aerospace - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Aerospace - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Aerospace - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Aerospace - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 India - Market size and forecast 2021-2026
      • Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 AMADA Co. Ltd.
              • Exhibit 101: AMADA Co. Ltd. - Overview
              • Exhibit 102: AMADA Co. Ltd. - Business segments
              • Exhibit 103: AMADA Co. Ltd. - Key news
              • Exhibit 104: AMADA Co. Ltd. - Key offerings
              • Exhibit 105: AMADA Co. Ltd. - Segment focus
            • 10.4 Atlas Copco AB
              • Exhibit 106: Atlas Copco AB - Overview
              • Exhibit 107: Atlas Copco AB - Business segments
              • Exhibit 108: Atlas Copco AB - Key news
              • Exhibit 109: Atlas Copco AB - Key offerings
              • Exhibit 110: Atlas Copco AB - Segment focus
            • 10.5 Bystronic Laser AG
              • Exhibit 111: Bystronic Laser AG - Overview
              • Exhibit 112: Bystronic Laser AG - Product / Service
              • Exhibit 113: Bystronic Laser AG - Key offerings
            • 10.6 DMG MORI Co Ltd
              • Exhibit 114: DMG MORI Co Ltd - Overview
              • Exhibit 115: DMG MORI Co Ltd - Business segments
              • Exhibit 116: DMG MORI Co Ltd - Key offerings
              • Exhibit 117: DMG MORI Co Ltd - Segment focus
            • 10.7 FANUC Corp.
              • Exhibit 118: FANUC Corp. - Overview
              • Exhibit 119: FANUC Corp. - Product / Service
              • Exhibit 120: FANUC Corp. - Key offerings
            • 10.8 Messer Cutting Systems Inc
              • Exhibit 121: Messer Cutting Systems Inc - Overview
              • Exhibit 122: Messer Cutting Systems Inc - Product / Service
              • Exhibit 123: Messer Cutting Systems Inc - Key offerings
            • 10.9 Okuma Corp.
              • Exhibit 124: Okuma Corp. - Overview
              • Exhibit 125: Okuma Corp. - Business segments
              • Exhibit 126: Okuma Corp. - Key offerings
              • Exhibit 127: Okuma Corp. - Segment focus
            • 10.10 Sandvik AB
              • Exhibit 128: Sandvik AB - Overview
              • Exhibit 129: Sandvik AB - Business segments
              • Exhibit 130: Sandvik AB - Key news
              • Exhibit 131: Sandvik AB - Key offerings
              • Exhibit 132: Sandvik AB - Segment focus
            • 10.11 Shenyang Yiji Machine Tool Sales Co. Ltd.
              • Exhibit 133: Shenyang Yiji Machine Tool Sales Co. Ltd. - Overview
              • Exhibit 134: Shenyang Yiji Machine Tool Sales Co. Ltd. - Product / Service
              • Exhibit 135: Shenyang Yiji Machine Tool Sales Co. Ltd. - Key offerings
            • 10.12 TRUMPF GmbH Co. KG
              • Exhibit 136: TRUMPF GmbH Co. KG - Overview
              • Exhibit 137: TRUMPF GmbH Co. KG - Business segments
              • Exhibit 138: TRUMPF GmbH Co. KG - Key offerings
              • Exhibit 139: TRUMPF GmbH Co. KG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 140: Inclusions checklist
                • Exhibit 141: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 142: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 143: Research methodology
                • Exhibit 144: Validation techniques employed for market sizing
                • Exhibit 145: Information sources
              • 11.5 List of abbreviations
                • Exhibit 146: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  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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                  Metal Machining Market market growth will increase by $13529.92 million during 2022-2026.
                  The metal machining market market is expected to grow at a CAGR of 3.24% during 2022-2026.
                  Technavio has segmented the metal machining market market by end-user (automotive, construction, aerospace, and others) and geographic (APAC, North America, Europe, South America, Middle East and Africa, APAC, North America, Europe, South America, and MEA).
                  AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co Ltd, FANUC Corp., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jet Edge Inc., JTEKT Corp., Matcor Matsu Group Inc., Mayville Engineering Co. Inc., Messer Cutting Systems Inc, Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF GmbH Co. KG, Yamazaki Mazak Corp., DN Solutions Co. Ltd. are a few of the key vendors in the metal machining market market.
                  APAC will register the highest growth rate of 44.15% among the other regions. Therefore, the metal machining market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  • US
                  • Canada
                  • China
                  • Japan
                  • India
                  • Germany
                  The key factors driving the metal machining market market growth are:
                  • Growing adoption of automation to leverage profitability
                  • Increasing focus on IoT
                  The metal machining 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?
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                  • Five-force market analysis

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