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The metal sawing machine market share is expected to increase by USD 770.42 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.29%.
This 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, general machinery, aerospace and defense, marine, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The market report also offers information on several market vendors, including Accurate cutting Systems Pvt. Ltd., Akiyama Machinery Co. Ltd., AMADA Co. Ltd., Behringer Saws Inc., Bekamak Band Saw Machines, BHA TRADERS, Carif Sawing Machines Srl, Cosen Saws International Inc., Ernest Bennett Sheffield Ltd., EVERISING MACHINE CO., Fong Ho Machinery Industry Co. Ltd., ITL Industries Ltd., KASTO Maschinenbau GmbH and Co. KG, Maxmen Metal Sawing Co., MEBA Metall Bandsagemaschinen GmbH, Mega machine Co. Ltd., Multicut Machine Tools, PRECI CUT TOOLS STEELTECH AUTOMATIONS, Prosaw Ltd., and Zhejiang weilishi machine Co. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for metal parts in major end-user industries is notably driving the market growth, although factors such as the fall in commodity prices reducing demand for scrap may impede the 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 sawing machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
The increasing demand for metal parts in major end-user industries is one of the key drivers supporting market growth. The aerospace and defence sector is one of the key end-user of metals. Meanwhile, the high focus on safety makes it necessary that even the smallest fabricated metal parts used to build aerospace components have a high tolerance and meet stringent quality standards. Moreover, metal parts used in aircraft must be durable and withstand fluctuations in pressure and temperatures, which are created during flight. Furthermore, metals in the aerospace and defence industry is widely used in air restrictors, airframes, brackets, and seat components. Besides, there is increasing investment in the automotive and aerospace and defence industry. This, in turn, will drive market growth during the forecast period.
Key Market Trend
Integration of 3D printing technology is one of the key market trends contributing to market growth. Primarily, 3D printer HSS metal cutting tools exhibit high accuracy and precise surface finish of metal cutting tools. They can create components by depositing different materials layer upon layer. The applications of this machine can extend to sectors such as aerospace and defence, automotive, healthcare, commercial, consumer products, and retail, where it can be used in the manufacture of low-volume replacement parts or for modelling and prototyping. Such beneficiary attributes associated with 3D printing technology will fuel the market growth during the forecast period.
Key Market Challenge
Fall in commodity prices and reducing demand for scrap is one of the factors hampering the market growth. There has been a gradual decrease in the prices of metals such as steel, iron ore, and others, which has significantly resulted in a fall in the price of scrap metals as well. This is reducing the demand for scrap metals and has resulted in the large-scale stockpiling of cars at junkyards, stalling the overall auto-shredding industry in the US, which ultimately affects the demand for metal sawing machines. As the demand for scrap decreases, metal-cutting operations also get adversely impacted. This indicates that metal sawing machines will be in an idle state, and therefore, no new demand for metal sawing machines will be created. This will impact the revenue of the global market during the forecast period.
This 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.
Technavio categorizes the global metal sawing machine 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 market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as the adoption of innovative technologies 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 market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the 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.
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60% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for metal sawing machines in APAC. Market growth in this region will be slower than the growth of the market in South America.
The growing demand for automotive and consumer products and industrial machinery in emerging economies is attracting investments from manufacturers, which will facilitate 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 Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 had a negative impact on the regional market. However, with the gradual recovery of countries in the region from the impact of the COVID-19 crisis, operations in manufacturing plants in these industries were resumed with a limited workforce in the first half of 2021, following the lifting of lockdown and other restrictions, coupled with the initiation of mass vaccination programs in the region. Thus, the regional demand for metal sawing machines is expected to grow during the forecast period.
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The market share growth in the automotive segment will be significant during the forecast period. The US is the largest country contributing to the metal sawing machine industry in North America as the country is the biggest manufacturer of industrial technology, which requires high-tech machinery. Due to the high presence of small- and medium-sized enterprises (SMEs) in the production of metal sawing equipment, the manufacturing technology market in the US is highly fragmented. Such factors will contribute to 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 market size and actionable market insights on post COVID-19 impact on each segment.
Metal Sawing Machine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.29% |
Market growth 2022-2026 |
$ 770.42 million |
Market structure |
Fragmented |
YoY growth (%) |
3.52 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 60% |
Key consumer countries |
US, China, Japan, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Accurate cutting Systems Pvt. Ltd., Akiyama Machinery Co. Ltd., AMADA Co. Ltd., Behringer Saws Inc., Bekamak Band Saw Machines, BHA TRADERS, Carif Sawing Machines Srl, Cosen Saws International Inc., Ernest Bennett Sheffield Ltd., EVERISING MACHINE CO., Fong Ho Machinery Industry Co. Ltd., ITL Industries Ltd., KASTO Maschinenbau GmbH and Co. KG, Maxmen Metal Sawing Co., MEBA Metall Bandsagemaschinen GmbH, Mega machine Co. Ltd., Multicut Machine Tools, PRECI CUT TOOLS STEELTECH AUTOMATIONS, Prosaw Ltd., and Zhejiang weilishi machine 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. |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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