Metal Machining Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44659
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The metal machining market share is expected to increase by USD 12.63 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.11%.

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 metal machining market segmentation by end-user (automotive, construction, aerospace, and others) and geography (APAC, North America, Europe, South America, and MEA). The metal machining market report also offers information on several market vendors, including AMADA Co. Ltd., Atlas Copco AB, Colfax Corp., DMG MORI Co. Ltd., FANUC Corp., Messer Cutting Systems Inc., Okuma Corp., Sandvik AB, Shenyang Machine Tools Co. Ltd., and TRUMPF GmbH + Co. KG among others.

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

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Metal Machining Market: Key Drivers, Trends, and Challenges

The growing demand in the oil and gas industry is notably driving the metal machining market growth, although factors such as fluctuations in raw material prices 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 metal machining industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Metal Machining Market Driver

The growing demand from the oil and gas industry will be a significant factor in driving the growth of the metal machining market. Rapid industrialization and urbanization in developing countries such as India and China and the rising consumption of energy have increased the demand for oil and gas. Major oil and gas companies are focusing on increasing their E&P activities to cater to the rising demand for energy. Metal machining is widely used to fabricate pipelines, oil rigs, and other infrastructure in the oil and gas industry. It is also used for installing compression stations and inspection gauges that monitor pressure and flow rate and ensure the smooth transportation of materials. With the increasing E&P activities, the demand for metal machining operations will also grow.

Key Metal Machining Market Trend

The emergence of 3D printing in manufacturing, which is one of the critical metal machining market trends will fuel the growth of the market during the forecast period. Additive manufacturing (AM) or 3D printing can be used to produce objects of any shape or geometry from a 3D model or electronic data sources such as additive manufacturing file (AMF). Unlike the conventional machining process, where external materials are removed from the stock, AM builds a 3D object by successively adding material layer by layer. The use of 3D printing in manufacturing will help in enhancing part strength and quality in terms of accuracy and surface finish and reducing manufacturing costs, support volume, support contact area, and build time. The automotive industry is increasingly adopting 3D printing to manufacture engines, transmissions, and other automotive parts. Engineers are combining 3D printing with CNC machining to make their timelines flexible and suggest design improvements. It will help them in minimizing costs and avoiding major delays in production involved in making changes to an injection molding tool. 

Key Metal Machining Market Challenge

The fluctuations in raw material prices may hinder the growth of the metal machining market during the forecast period. Instability in raw material prices affects the cost of production. Thus, many key metal machining service providers enter into long-term contracts with suppliers to reduce the negative impact of raw material price fluctuation on their businesses. However, the market comprises a large number of small and mid-size enterprises (SMEs), and small metal fabricators, which use metal machining equipment, are unable to enter into such long-term contracts owing to the uncertainty in order quantity. Fluctuating prices directly affect contracts for vendors, and such volatility in the cost affect the new contracts and impact the overall fabrication costs. 

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 2021-2025.

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
  • Colfax Corp.
  • DMG MORI Co. Ltd.
  • FANUC Corp.
  • Messer Cutting Systems Inc.
  • Okuma Corp.
  • Sandvik AB
  • Shenyang Machine Tools Co. Ltd.
  • TRUMPF GmbH + Co. KG

 

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 strategizing to innovate and customize solutions to compete in the market.

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 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. 

Which are the Key Regions for Metal Machining Market?

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38% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for metal machining in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

The increasing number of construction activities in emerging countries and the rising government spending on the development of infrastructure 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.

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

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The metal machining market share growth by the automotive segment will be significant during the forecast period. The automotive industry is one of the leading end-user segments of the metal machining market, as a significant number of metal parts are used in the automotive industry. These metal parts, which include bus bars, electrical contacts, terminals, lead frames, and shields and clips, have applications in a wide range of vehicle components, including the chassis of vehicles and the fuel delivery systems. 

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 post COVID-19 impact on each segment.

 

Metal Machining Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.11%

Market growth 2021-2025

$ 12.63 billion

Market structure

Fragmented

YoY growth (%)

2.43

Regional analysis

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

Performing market contribution

APAC at 38%

Key consumer countries

China, US, Japan, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AMADA Co. Ltd., Atlas Copco AB, Colfax Corp., DMG MORI Co. Ltd., FANUC Corp., Messer Cutting Systems Inc., Okuma Corp., Sandvik AB, Shenyang Machine Tools Co. Ltd., and TRUMPF GmbH + Co. KG

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 the forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2021-2025
  • 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 MEA
  • 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Construction - Market size and forecast 2020-2025
    • Aerospace - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AMADA Co. Ltd.
    • Atlas Copco AB
    • Colfax Corp.
    • DMG MORI Co. Ltd.
    • FANUC Corp.
    • Messer Cutting Systems Inc.
    • Okuma Corp.
    • Sandvik AB
    • Shenyang Machine Tools Co. Ltd.
    • TRUMPF GmbH + Co. KG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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
    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
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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
    Interested in this report?
    Get your FREE sample now!
    The metal machining market market growth will increase by $12630.35 million during 2020-2025.
    The metal machining market market is expected to grow at a CAGR of 3.11% during 2020-2025.
    Technavio has segmented the metal machining market market by end user (Automotive, Construction, Aerospace, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
    AMADA Co. Ltd., Atlas Copco AB, Colfax Corp., DMG MORI Co. Ltd., FANUC Corp., Messer Cutting Systems Inc., Okuma Corp., Sandvik AB, Shenyang Machine Tools Co. Ltd., TRUMPF GmbH + Co. KG are a few of the key vendors in the metal machining market market.
    APAC will register the highest growth rate of 38.21% 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.
    The key factors driving the metal machining market market growth are:
    • Increased investment in infrastructure
    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.
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