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Metalworking Machinery Accessories Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast 2024-2028

Metalworking Machinery Accessories Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast 2024-2028

Published: Oct 2024 147 Pages SKU: IRTNTR45464

Market Overview at a Glance

$14.56 B
Market Opportunity
7.3%
CAGR
6.6
YoY growth 2023-2024(%)

Metalworking Machinery Accessories Market Size 2024-2028

The metalworking machinery accessories market size is forecast to increase by USD 14.56 billion at a CAGR of 7.3% between 2023 and 2028.

  • The market is experiencing significant growth due to several key trends. The rise in automation is a major factor driving market growth, as manufacturers seek to increase efficiency and productivity. Another trend is the emergence of adhesive fixturing as a solution for common workholding challenges. This approach offers several advantages, including reduced setup times, improved part quality, and increased flexibility. However, market growth is also being challenged by fluctuating raw material prices, which can impact the cost of production and profitability for manufacturers. Despite these challenges, the market is expected to continue growing, driven by the increasing demand for automation and the need for more efficient and cost-effective manufacturing solutions.

    • What will be the Size of the Metalworking Machinery Accessories Market During the Forecast Period?

    Metalworking Machinery Accessories Market Size

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  • The market encompasses a wide range of products designed to enhance the capabilities of machines used in manufacturing industries. These accessories include hand tools, safety equipment, and fluids used in conjunction with aluminum, brass, ferrous metals such as cast iron and carbon steel, and stainless steel. Safety is a paramount concern in this market, with accessories like safety glasses addressing occupational exposure to flying debris. Synthetic fluids are employed to lubricate machining equipment during subtractive manufacturing processes, ensuring efficient and effective use of CNC routers, CNC lathes, boring mills, drills, drill presses, grinders (hand-held angle grinder and bench grinder), and lathes (centre lathe).
  • As technology advances, there is a growing trend towards automation and increased precision in metalworking processes, driving demand for advanced accessories that enable higher productivity and improved safety standards.

    • How is this Metalworking Machinery Accessories Industry segmented and which is the largest segment?

    The metalworking machinery accessories industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Application
      • Workholding
      • Metalworking fluids
      • Powertools accessories
    • Geography
      • APAC
        • China
        • Japan
      • North America
        • US
      • Europe
        • Germany
        • France
      • South America
        • Middle East and Africa

        By Application Insights

        • The workholding segment is estimated to witness significant growth during the forecast period.

        In the realm of metalworking machinery, workholding components play a pivotal role In the manufacturing process. These tools, which include chucks, vises, and rotary tables, serve to secure the workpiece during machining operations. Rotary tables, specifically, offer the advantage of adjusting a workpiece's position, thereby enhancing machining capabilities. An optimal workholding solution is essential to provide support, precise location, and secure clamping, ensuring the accuracy of the final product. Different machining processes necessitate distinct workholding solutions. For instance, CNC Routers, CNC Lathes, Boring Mills, and Drills employ various workholding techniques to facilitate subtractive manufacturing processes. Synthetic fluids and safety requirements, such as safety glasses, are crucial considerations to ensure occupational exposure is minimized during machining.

        The integration of high-tech features, including index control systems, high-pressure coolant systems, and pneumatic or hydraulic switching valves, further enhances the flexibility and precision of metalworking machinery.

        Metalworking Machinery Accessories Market Size

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        The Workholding segment was valued at USD 27.15 billion in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        • APAC is estimated to contribute 47% to the growth of the global market during the forecast period.

        Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Metalworking Machinery Accessories Market Share by Geography

        For more insights on the market share of various regions, Request Free Sample

        The Asia Pacific (APAC) region is currently leading The market due to the increasing adoption of machine tools in countries like China, Japan, India, Taiwan, and South Korea. The region's substantial manufacturing base is driving the demand for machine tools, thereby fueling market growth. APAC's dominance is expected to persist over the forecast period, with the demand for metalworking machinery accessories continuing to surpass that of North America and Europe. This trend is primarily due to the ongoing establishment of new manufacturing facilities In the region. Metalworking machinery accessories play a crucial role in enhancing the capabilities of various machines, including Aluminum, Brass, Ferrous metals, Stainless steel, and Cast iron, used in subtractive manufacturing processes such as CNC Routers, CNC Lathes, Boring Mills, Drills, Drill press, Grinders, and Fabricating equipment.

        Safety requirements, including the use of Safety glasses to protect against Occupational exposure to Flying debris, are essential considerations In the market. Additionally, the use of Synthetic fluids in machining equipment and advanced features like High-pressure coolant systems, Index control systems, and Automatic tailstocks contribute to the market's growth. Key players In the market offer a range of accessories, including Manual and Automatic tailstocks, Rotary tables, Wood-turning lathes, Engineering lathes, and Milling machines, among others. The market's future growth is expected to be influenced by factors such as the increasing demand for fine-tuning capabilities, higher rigidity, and flexible manufacturing solutions.

        Market Dynamics

        Our  researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Metalworking Machinery Accessories Industry?

        Rise in automation is the key driver of the market.

      • In the realm of manufacturing, the market for metalworking machinery accessories continues to evolve, driven by the increasing adoption of automation and the growing demand for high-quality products. Automated machining equipment, including CNC Routers, CNC Lathes, Boring Mills, Drills, and Milling machines, have become essential for companies seeking to enhance their manufacturing capabilities and meet the rising global demand for metal products. These machining systems employ various accessories such as hand tools, synthetic fluids, safety glasses, and fabricating equipment to ensure precise positioning, higher rigidity, and accurate machining. Aluminum, Brass, Ferrous metals, Stainless steel, Cast iron, and Carbon steel are common materials used in metalworking, each requiring specific accessories for optimal performance.
      • Safety requirements are paramount in this industry, with safety glasses essential for occupational exposure protection against flying debris. High-pressure coolant systems, pneumatic and hydraulic switching valves, and indexer controls further ensure safety and efficiency in subtractive manufacturing processes. Hand tools, such as drill presses, grinders (hand-held angle grinder and bench grinder), lathes (centre lathe and wood-turning lathe), sanders, and boring machines, are integral components of the market. Deformation techniques like bending, cutting, shaping, and shearing are facilitated by these tools, enabling manufacturers to fine-tune their processes and meet the demands of diverse industries. Flexibility and precision are key advantages of modern metalworking machinery accessories.
      • Rotary tables, manual and automatic tailstocks (manual sliding, manual tailstocks, and rotary tailstocks), and longitudinal rotary axes help achieve accurate positioning and reduce chatter, ensuring higher-quality output. In conclusion, the market is a dynamic and evolving industry, driven by the increasing adoption of automation and the growing demand for high-quality metal products. Companies must consider the specific requirements of their materials, processes, and safety regulations when selecting the appropriate machinery and accessories to optimize their manufacturing capabilities.

        • What are the market trends shaping the Metalworking Machinery Accessories Industry?

        Emergence of adhesive fixturing for common workholding challenges is the upcoming market trend.

      • In the realm of metalworking machinery, accessories play a pivotal role in enhancing the capabilities of machines and ensuring efficient manufacturing processes. The selection of appropriate accessories for various machining equipment, such as CNC Routers, CNC Lathes, Boring Mills, Drills, Grinders, Sanders, and Fabricating equipment, is crucial for achieving precise positioning, higher rigidity, and accurate finishing of metals and hard materials. Safety requirements are paramount in metalworking, and accessories such as safety glasses, high-pressure coolant systems, and index control systems contribute significantly to occupational safety by mitigating risks from flying debris, excessive bending, and chatter. Synthetic fluids, manual and automatic tailstocks, rotary tables, and wood-turning and engineering lathes are essential accessories that cater to various manufacturing needs.
      • Manufacturers face challenges in designing workholdings that can securely hold parts during machining processes, considering the forces applied, the part being manufactured, and the material used. To address this challenge, innovative adhesive workholding solutions have emerged, utilizing photo-activated adhesives and ultraviolet light sources with light guides. These accessories not only improve the efficiency and accuracy of machining processes but also offer flexibility and precise positioning, making them an indispensable part of the metalworking machinery landscape. The market for metalworking machinery accessories is expected to grow as manufacturers continue to seek solutions that enhance the capabilities of their machines while ensuring safety and productivity.

        • What challenges does the Metalworking Machinery Accessories Industry face during its growth?

        Fluctuating raw material prices is a key challenge affecting the industry growth.

      • Metalworking machinery accessories play a crucial role in enhancing the capability of machines used in subtractive manufacturing processes. These accessories are essential for various metalworking applications, including cutting, boring, grinding, shaping, bending, and shearing. Machines used in metalworking, such as CNC Routers, CNC Lathes, Boring Mills, Drills, Drill press, Grinders, Hand-held angle grinder, Bench grinder, Lathes, Milling machines, Sanders, Fabricating equipment, and Sheet metal machines, require accessories to function optimally. Manufacturers of these accessories use a range of materials, including aluminum, brass, ferrous metals like cast iron and carbon steel, and stainless steel, to cater to diverse customer needs.
      • The choice of material depends on the specific application and the desired level of rigidity, precision, and flexibility. Safety requirements are a significant consideration In the design and manufacture of metalworking machinery accessories. Safety glasses are essential to protect against occupational exposure to flying debris. Synthetic fluids are used to lubricate the machinery and prevent excessive bending or chatter. Manufacturers invest in high-tech solutions such as manual and automatic tailstocks, rotary tailstocks, index control systems, high-pressure coolant systems, pneumatic and hydraulic switching valves, and rotary tables to improve the performance and flexibility of their machinery. These accessories enable accurate positioning, higher rigidity, and precise positioning, resulting in better quality output.
      • The demand for metalworking machinery accessories is driven by the increasing use of machining equipment in various industries, including automotive, aerospace, construction, and manufacturing. The market for these accessories is expected to grow due to the ongoing trend towards automation and the need for fine-tuning processes to achieve higher efficiency and productivity. Accessories for metalworking machinery are integral to the manufacturing process, and their quality and functionality can significantly impact the overall performance and output of the machinery. Manufacturers must prioritize safety, precision, and flexibility In their designs to meet the evolving needs of their customers.

        • Exclusive Customer Landscape

        The metalworking machinery accessories market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the metalworking machinery accessories market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Metalworking Machinery Accessories Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, metalworking machinery accessories market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        Apar Industries Ltd. - Metalworking machinery accessories play a crucial role in enhancing the efficiency and productivity of industrial manufacturing processes. These accessories encompass a wide range of components, including industrial equipment oils, cooling systems, clamping devices, and tool holders, among others. These accessories are essential for maintaining optimal machinery performance, ensuring precision, and extending the lifespan of metalworking equipment. By investing in high-quality metalworking machinery accessories, manufacturers can minimize downtime, reduce maintenance costs, and improve overall operational excellence.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • Apar Industries Ltd.
        • Chevron Corp.
        • Columbia Petro Chem Pvt. Ltd.
        • Daljit Machines
        • DM Italia S.r.l.
        • Dover Corp.
        • Enerpac Tool Group Corp.
        • Exxon Mobil Corp.
        • FUCHS SE
        • Idemitsu Kosan Co. Ltd.
        • Jergens Inc.
        • Jiangsu Dongcheng M and E Tools Co Ltd
        • Kurt Manufacturing
        • Makita USA Inc.
        • PJSC LUKOIL
        • Robert Bosch GmbH
        • Sandvik AB
        • Sturmer Maschinen GmbH
        • The Lubrizol Corp.
        • TotalEnergies SE

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        The machinery accessories market encompasses a wide range of components designed to enhance the capabilities of various machining equipment. These accessories cater to the needs of different industries, including those working with aluminum, brass, ferrous metals, stainless steel, cast iron, carbon steel, and other hard materials. Safety is a significant consideration In the machining process, with accessories such as safety glasses and synthetic fluids playing crucial roles in protecting operators from occupational exposure to flying debris and other hazards. Machining equipment, which includes CNC routers, CNC lathes, boring mills, drills, drill presses, grinders, hand-held angle grinders, bench grinders, lathes, milling machines, sanders, fabricating equipment, and various deformation techniques, all benefit from the addition of appropriate accessories.

        Subtractive manufacturing processes, which involve removing material to create a part, rely on machining equipment and their accompanying accessories to achieve precise results. CNC routers, for instance, can be outfitted with index control systems and high-pressure coolant systems to improve accuracy and efficiency. Lathes, available in manual, automatic, and rotary configurations, can be fine-tuned with manual tailstocks, automatic tailstocks, rotary tailstocks, and various types of indexing systems. Machining processes can be demanding, with machining equipment subjected to heavy workloads and the generation of significant heat. Accessories such as pneumatic switching valves and hydraulic switching valves help manage power distribution, ensuring smooth operation and reducing downtime.

        High-tech accessories like rotary tables and longitudinal rotary axes offer increased flexibility and precise positioning, allowing manufacturers to produce complex parts with greater accuracy. The machining process can involve significant deformation techniques, including boring, cutting, shearing, grinding, and shaping. Accessories designed for these applications can help improve the rigidity of the machining equipment, reducing chatter and excessive bending. For instance, the use of manual sliding and lead screws can lead to more accurate positioning, while the implementation of higher rigidity tailstocks and foot stocks can help maintain stability during the manufacturing process. In summary, the machinery accessories market plays a vital role in enhancing the capabilities of various machining equipment, enabling manufacturers to produce high-quality parts from a range of materials with increased efficiency and precision.

        Accessories cater to various aspects of the machining process, from safety and fluid management to power distribution and deformation techniques, ensuring that manufacturers have the tools they need to meet the demands of their industries.

        Market Scope

        Report Coverage

        Details

        Page number

        147

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 7.3%

        Market growth 2024-2028

        USD 14556.8 million

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        6.6

        Key countries

        US, China, Japan, Germany, and France

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Metalworking Machinery Accessories Market Research and Growth Report?

        • CAGR of the Metalworking Machinery Accessories industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the metalworking machinery accessories market growth of industry companies

        We can help! Our analysts can customize this metalworking machinery accessories market research report to meet your requirements.

        Get in touch

         

        1 Executive Summary

        • 1.1 Market overview
          • Executive Summary - Chart on Market Overview
          • Executive Summary - Data Table on Market Overview
          • Executive Summary - Chart on Global Market Characteristics
          • Executive Summary - Chart on Market by Geography
          • Executive Summary - Chart on Market Segmentation by Application
          • Executive Summary - Chart on Incremental Growth
          • Executive Summary - Data Table on Incremental Growth
          • Executive Summary - Chart on Company Market Positioning

        2 Market Landscape

        • 2.1 Market ecosystem
          • Parent Market
          • Data Table on - Parent Market
        • 2.2 Market characteristics
          • Market characteristics analysis
        • 2.3 Value chain analysis
          • Value Chain Analysis

        3 Market Sizing

        • 3.1 Market definition
          • Offerings of companies included in the market definition
        • 3.2 Market segment analysis
          • Market segments
        • 3.3 Market size 2023
          • 3.4 Market outlook: Forecast for 2023-2028
            • Chart on Global - Market size and forecast 2023-2028 ($ million)
            • Data Table on Global - Market size and forecast 2023-2028 ($ million)
            • Chart on Global Market: Year-over-year growth 2023-2028 (%)
            • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

          4 Historic Market Size

          • 4.1 Global Metalworking Machinery Accessories Market 2018 - 2022
            • Historic Market Size - Data Table on Global Metalworking Machinery Accessories Market 2018 - 2022 ($ million)
          • 4.2 Application segment analysis 2018 - 2022
            • Historic Market Size - Application Segment 2018 - 2022 ($ million)
          • 4.3 Geography segment analysis 2018 - 2022
            • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
          • 4.4 Country segment analysis 2018 - 2022
            • Historic Market Size - Country Segment 2018 - 2022 ($ million)

          5 Five Forces Analysis

          • 5.1 Five forces summary
            • Five forces analysis - Comparison between 2023 and 2028
          • 5.2 Bargaining power of buyers
            • Bargaining power of buyers - Impact of key factors 2023 and 2028
          • 5.3 Bargaining power of suppliers
            • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
          • 5.4 Threat of new entrants
            • Threat of new entrants - Impact of key factors in 2023 and 2028
          • 5.5 Threat of substitutes
            • Threat of substitutes - Impact of key factors in 2023 and 2028
          • 5.6 Threat of rivalry
            • Threat of rivalry - Impact of key factors in 2023 and 2028
          • 5.7 Market condition
            • Chart on Market condition - Five forces 2023 and 2028

          6 Market Segmentation by Application

          • 6.1 Market segments
            • Chart on Application - Market share 2023-2028 (%)
            • Data Table on Application - Market share 2023-2028 (%)
          • 6.2 Comparison by Application
            • Chart on Comparison by Application
            • Data Table on Comparison by Application
          • 6.3 Workholding - Market size and forecast 2023-2028
            • Chart on Workholding - Market size and forecast 2023-2028 ($ million)
            • Data Table on Workholding - Market size and forecast 2023-2028 ($ million)
            • Chart on Workholding - Year-over-year growth 2023-2028 (%)
            • Data Table on Workholding - Year-over-year growth 2023-2028 (%)
          • 6.4 Metalworking fluids - Market size and forecast 2023-2028
            • Chart on Metalworking fluids - Market size and forecast 2023-2028 ($ million)
            • Data Table on Metalworking fluids - Market size and forecast 2023-2028 ($ million)
            • Chart on Metalworking fluids - Year-over-year growth 2023-2028 (%)
            • Data Table on Metalworking fluids - Year-over-year growth 2023-2028 (%)
          • 6.5 Powertools accessories - Market size and forecast 2023-2028
            • Chart on Powertools accessories - Market size and forecast 2023-2028 ($ million)
            • Data Table on Powertools accessories - Market size and forecast 2023-2028 ($ million)
            • Chart on Powertools accessories - Year-over-year growth 2023-2028 (%)
            • Data Table on Powertools accessories - Year-over-year growth 2023-2028 (%)
          • 6.6 Market opportunity by Application
            • Market opportunity by Application ($ million)
            • Data Table on Market opportunity by Application ($ million)

          7 Customer Landscape

          • 7.1 Customer landscape overview
            • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

          8 Geographic Landscape

          • 8.1 Geographic segmentation
            • Chart on Market share by geography 2023-2028 (%)
            • Data Table on Market share by geography 2023-2028 (%)
          • 8.2 Geographic comparison
            • Chart on Geographic comparison
            • Data Table on Geographic comparison
          • 8.3 APAC - Market size and forecast 2023-2028
            • Chart on APAC - Market size and forecast 2023-2028 ($ million)
            • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
            • Chart on APAC - Year-over-year growth 2023-2028 (%)
            • Data Table on APAC - Year-over-year growth 2023-2028 (%)
          • 8.4 North America - Market size and forecast 2023-2028
            • Chart on North America - Market size and forecast 2023-2028 ($ million)
            • Data Table on North America - Market size and forecast 2023-2028 ($ million)
            • Chart on North America - Year-over-year growth 2023-2028 (%)
            • Data Table on North America - Year-over-year growth 2023-2028 (%)
          • 8.5 Europe - Market size and forecast 2023-2028
            • Chart on Europe - Market size and forecast 2023-2028 ($ million)
            • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
            • Chart on Europe - Year-over-year growth 2023-2028 (%)
            • Data Table on Europe - Year-over-year growth 2023-2028 (%)
          • 8.6 South America - Market size and forecast 2023-2028
            • Chart on South America - Market size and forecast 2023-2028 ($ million)
            • Data Table on South America - Market size and forecast 2023-2028 ($ million)
            • Chart on South America - Year-over-year growth 2023-2028 (%)
            • Data Table on South America - Year-over-year growth 2023-2028 (%)
          • 8.7 Middle East and Africa - Market size and forecast 2023-2028
            • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
            • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
            • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
            • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
          • 8.8 US - Market size and forecast 2023-2028
            • Chart on US - Market size and forecast 2023-2028 ($ million)
            • Data Table on US - Market size and forecast 2023-2028 ($ million)
            • Chart on US - Year-over-year growth 2023-2028 (%)
            • Data Table on US - Year-over-year growth 2023-2028 (%)
          • 8.9 China - Market size and forecast 2023-2028
            • Chart on China - Market size and forecast 2023-2028 ($ million)
            • Data Table on China - Market size and forecast 2023-2028 ($ million)
            • Chart on China - Year-over-year growth 2023-2028 (%)
            • Data Table on China - Year-over-year growth 2023-2028 (%)
          • 8.10 Japan - Market size and forecast 2023-2028
            • Chart on Japan - Market size and forecast 2023-2028 ($ million)
            • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
            • Chart on Japan - Year-over-year growth 2023-2028 (%)
            • Data Table on Japan - Year-over-year growth 2023-2028 (%)
          • 8.11 Germany - Market size and forecast 2023-2028
            • Chart on Germany - Market size and forecast 2023-2028 ($ million)
            • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
            • Chart on Germany - Year-over-year growth 2023-2028 (%)
            • Data Table on Germany - Year-over-year growth 2023-2028 (%)
          • 8.12 France - Market size and forecast 2023-2028
            • Chart on France - Market size and forecast 2023-2028 ($ million)
            • Data Table on France - Market size and forecast 2023-2028 ($ million)
            • Chart on France - Year-over-year growth 2023-2028 (%)
            • Data Table on France - Year-over-year growth 2023-2028 (%)
          • 8.13 Market opportunity by geography
            • Market opportunity by geography ($ million)
            • Data Tables on Market opportunity by geography ($ million)

          9 Drivers, Challenges, and Opportunity/Restraints

          • 9.1 Market drivers
            • 9.2 Market challenges
              • 9.3 Impact of drivers and challenges
                • Impact of drivers and challenges in 2023 and 2028
              • 9.4 Market opportunities/restraints

                10 Competitive Landscape

                • 10.1 Overview
                  • 10.2 Competitive Landscape
                    • Overview on criticality of inputs and factors of differentiation
                  • 10.3 Landscape disruption
                    • Overview on factors of disruption
                  • 10.4 Industry risks
                    • Impact of key risks on business

                  11 Competitive Analysis

                  • 11.1 Companies profiled
                    • Companies covered
                  • 11.2 Market positioning of companies
                    • Matrix on companies position and classification
                  • 11.3 Chevron Corp.
                    • Chevron Corp. - Overview
                    • Chevron Corp. - Business segments
                    • Chevron Corp. - Key news
                    • Chevron Corp. - Key offerings
                    • Chevron Corp. - Segment focus
                  • 11.4 Dover Corp.
                    • Dover Corp. - Overview
                    • Dover Corp. - Business segments
                    • Dover Corp. - Key news
                    • Dover Corp. - Key offerings
                    • Dover Corp. - Segment focus
                  • 11.5 Enerpac Tool Group Corp.
                    • Enerpac Tool Group Corp. - Overview
                    • Enerpac Tool Group Corp. - Product / Service
                    • Enerpac Tool Group Corp. - Key offerings
                  • 11.6 Exxon Mobil Corp.
                    • Exxon Mobil Corp. - Overview
                    • Exxon Mobil Corp. - Business segments
                    • Exxon Mobil Corp. - Key news
                    • Exxon Mobil Corp. - Key offerings
                    • Exxon Mobil Corp. - Segment focus
                  • 11.7 FUCHS SE
                    • FUCHS SE - Overview
                    • FUCHS SE - Business segments
                    • FUCHS SE - Key news
                    • FUCHS SE - Key offerings
                    • FUCHS SE - Segment focus
                  • 11.8 Jergens Inc.
                    • Jergens Inc. - Overview
                    • Jergens Inc. - Product / Service
                    • Jergens Inc. - Key offerings
                  • 11.9 Makita USA Inc.
                    • Makita USA Inc. - Overview
                    • Makita USA Inc. - Product / Service
                    • Makita USA Inc. - Key offerings
                  • 11.10 Robert Bosch GmbH
                    • Robert Bosch GmbH - Overview
                    • Robert Bosch GmbH - Product / Service
                    • Robert Bosch GmbH - Key news
                    • Robert Bosch GmbH - Key offerings
                  • 11.11 The Lubrizol Corp.
                    • The Lubrizol Corp. - Overview
                    • The Lubrizol Corp. - Product / Service
                    • The Lubrizol Corp. - Key offerings
                  • 11.12 TotalEnergies SE
                    • TotalEnergies SE - Overview
                    • TotalEnergies SE - Business segments
                    • TotalEnergies SE - Key news
                    • TotalEnergies SE - Key offerings
                    • TotalEnergies SE - Segment focus

                  12 Appendix

                  • 12.1 Scope of the report
                    • 12.2 Inclusions and exclusions checklist
                      • Inclusions checklist
                      • Exclusions checklist
                    • 12.3 Currency conversion rates for US$
                      • Currency conversion rates for US$
                    • 12.4 Research methodology
                      • Research methodology
                    • 12.5 Data procurement
                      • Information sources
                    • 12.6 Data validation
                      • Data validation
                    • 12.7 Validation techniques employed for market sizing
                      • Validation techniques employed for market sizing
                    • 12.8 Data synthesis
                      • Data synthesis
                    • 12.9 360 degree market analysis
                      • 360 degree market analysis
                    • 12.10 List of abbreviations
                      • List of abbreviations

                    Research Methodology

                    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.

                    INFORMATION 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

                    DATA 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

                    REPORT 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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                    Frequently Asked Questions

                    Metalworking Machinery Accessories market growth will increase by $ 14556.8 mn during 2024-2028.

                    The Metalworking Machinery Accessories market is expected to grow at a CAGR of 7.3% during 2024-2028.

                    Metalworking Machinery Accessories market is segmented by Application( Workholding, Metalworking fluids, Powertools accessories)

                    Apar Industries Ltd., Chevron Corp., Columbia Petro Chem Pvt. Ltd., Daljit Machines, DM Italia S.r.l., Dover Corp., Enerpac Tool Group Corp., Exxon Mobil Corp., FUCHS SE, Idemitsu Kosan Co. Ltd., Jergens Inc., Jiangsu Dongcheng M and E Tools Co Ltd, Kurt Manufacturing, Makita USA Inc., PJSC LUKOIL, Robert Bosch GmbH, Sandvik AB, Sturmer Maschinen GmbH, The Lubrizol Corp., TotalEnergies SE are a few of the key vendors in the Metalworking Machinery Accessories market.

                    APAC will register the highest growth rate of 47% among the other regions. Therefore, the Metalworking Machinery Accessories market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

                    US, China, Japan, Germany, France

                    • Rise in automationCompanies are increasingly adopting automation in their businesses and manufacturing processes to meet the expected quality standards of their products. On the other hand is the driving factor this market.
                    • owing to the rising globalization and increasing population is the driving factor this market.
                    • there is a rising demand for such products in significant amounts.Automation enhances the overall efficiency of companies. Automation can help a company save on labor costs (as many automated systems can run 24/7) as well as increase efficiency. However is the driving factor this market.
                    • the downside of automation is the high cost that these systems and equipment involve. Automation also aids in problem-solving as it can respond to critical issues at hand in a better way. While it may seem that this task is not likely to be designed for an automation system is the driving factor this market.
                    • setting up a system of checks can aid in troubleshooting and can result in more effective task management. When a problem occurs is the driving factor this market.
                    • an automated system can notify the appropriate person immediately. Whereas in the traditional system is the driving factor this market.
                    • the task is passed on along a chain of personnel till it reaches the concerned person. Therefore is the driving factor this market.
                    • automation enables prioritization of the workflow and allows professionals to be more efficient and flexible in times of emergencies.Another advantage of automated equipment and robotics is that it provides consistency among final products. This is because automation eliminates the possibility of human error that could affect the overall quality of production. Therefore is the driving factor this market.
                    • automation enables the careful control and manipulation of manufacturing processes to maintain the quality of products. Automation has been widely adopted in workholding manufacturing as well is the driving factor this market.
                    • where workholdings and tooling changeovers are done using robots. This has further reduced human intervention and improved the levels of accuracy and precision. These factors will boost market growth during the forecast period. is the driving factor this market.

                    The Metalworking Machinery Accessories market vendors should focus on grabbing business opportunities from the Workholding segment as it accounted for the largest market share in the base year.