Metalworking Machinery Accessories Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 140

SKU: IRTNTR45464

Snapshot

The metalworking machinery accessories market share is expected to increase by USD 15.11 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.49%.

This metalworking machinery accessories 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 metalworking machinery accessories market segmentation by application (work holding, metalworking fluids, and power tools accessories) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The metalworking machinery accessories market report also offers information on several market vendors, 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 PETROLUB 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., and TotalEnergies SE among others.

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

Download Report Sample to Unlock the Metalworking Machinery Accessories Market Size for the Forecast Period and Other Important Statistics

Metalworking Machinery Accessories Market: Key Drivers, Trends, and Challenges

The augmented innovative work holding methods to drive productivity are notably driving the metalworking machinery accessories market growth, although factors such as the growth of the second-hand machine market 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 metalworking machinery accessories industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Metalworking Machinery Accessories Market Driver

The augmented innovative work holding methods to drive productivity are one of the major drivers impacting the metalworking machinery accessories market growth. Manufacturers in today's highly competitive world periodically review their current processes to identify ways to optimize them and make them more efficient. Similarly, manufacturers using machine tools continuously review their operations to bring in changes and modifications that can ramp up their productivity significantly. A spindle adapter, equipped with a flange mount, is used to locate the driver in the machine. With this, the concentricity of the face driver increases and allows it to be adjusted radially. The part is typically located between the tailstock and the spring-loaded center. With this method, the workpiece is exposed entirely, allowing operators to machine the entire workpiece in a single operation. This results in noteworthy savings in cycle times. Furthermore, the elimination of a setup in the process increases accuracy and efficiency.

Key Metalworking Machinery Accessories Market Trend

Growing acceptance of total quality management programs is one of the major trends influencing the metalworking machinery accessories market growth. Efficiency, safety, quality, and productivity are the principal goals of the industrial and manufacturing industries. Many industrial processes and accompanying equipment are subjected to consistent maintenance and evaluation programs to avoid machine failures and to ensure the quality of the tools and equipment. The growing encouragement of quality management programs in manufacturing and industrial facilities has a positive effect on the global metalworking fluids market. This is because routine maintenance programs lead to an increased incidence of fluid change. Information technology tools deliver improved data transparency about quality control of the equipment and maintenance and guarantee quality operational functions of metalworking fluids.

Key Metalworking Machinery Accessories Market Challenge

The growth of the second-hand machine market is one of the major challenges impeding the metalworking machinery accessories market growth. The growth of the second-hand machine tools market is a major challenge for the global metalworking machinery accessories market. The closure of several manufacturing industries in the US and Europe due to high labor costs and strict pollution laws has increased the availability of second-hand machines. As many manufacturers in these regions have moved to APAC to take advantage of the low cost of manufacturing and availability of skilled labor, developing countries such as China, India, and Pakistan are importing second-hand machines from the US and Europe. Many Asian manufacturers are eager to buy second-hand European machine tools, which are available at low prices. The growing second-hand machine tools market will impact the demand for new equipment and negatively impact the growth of the market in focus.

This metalworking machinery accessories 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 metalworking machinery accessories 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 metalworking machinery accessories market during the forecast period.

Who are the Major Metalworking Machinery Accessories Market Vendors?

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

This statistical study of the metalworking machinery accessories market encompasses successful business strategies deployed by the key vendors. The metalworking machinery accessories market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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 metalworking machinery accessories 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.

Metalworking Machinery Accessories Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the metalworking machinery accessories 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 Metalworking Machinery Accessories Market?

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48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the metalworking machinery accessories market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing number of manufacturing activities in emerging economies, such as India will facilitate the metalworking machinery accessories 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 COVID-19 pandemic negatively impacted the growth of the metalworking machinery accessories market in APAC in 2020. The decline in industrial activities in 2020 owing to the lockdown imposed by governments of the countries such as China, India, and Japan, in the region to contain the spread of COVID-19 negatively impacted the demand for metalworking machinery accessories in APAC.

What are the Revenue-generating Application Segments in the Metalworking Machinery Accessories Market?

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The metalworking machinery accessories market share growth by the work holding segment will be significant during the forecast period. Workholding plays a pivotal role in optimizing the overall machining operations. Innovative workholding techniques such as replacing the dead center and three-jaw chuck arrangement with a face driver or using adhesives can result in increased productivity and reduced costs.

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

Metalworking Machinery Accessories Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.49%
Market growth 2022-2026	$15.11 billion
Market structure	Fragmented
YoY growth (%)	7.05
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 48%
Key consumer countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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 PETROLUB 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., and TotalEnergies SE
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.

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

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive metalworking machinery accessories market growth during the next five years
Precise estimation of the metalworking machinery accessories market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the metalworking machinery accessories 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 metalworking machinery accessories market vendors

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Table of Contents

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 Application
- 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 Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Workholding - Market size and forecast 2021-2026
- Exhibit 28: Chart on Workholding - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Workholding - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Workholding - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Workholding - Year-over-year growth 2021-2026 (%)

5.4 Metalworking fluids - Market size and forecast 2021-2026
- Exhibit 32: Chart on Metalworking fluids - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Metalworking fluids - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Metalworking fluids - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Metalworking fluids - Year-over-year growth 2021-2026 (%)

5.5 Powertools accessories - Market size and forecast 2021-2026
- Exhibit 36: Chart on Powertools accessories - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Powertools accessories - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Powertools accessories - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Powertools accessories - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 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 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 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 (%)

7.12 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: 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 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 Chevron Corp.
- Exhibit 93: Chevron Corp. - Overview
- Exhibit 94: Chevron Corp. - Business segments
- Exhibit 95: Chevron Corp. - Key news
- Exhibit 96: Chevron Corp. - Key offerings
- Exhibit 97: Chevron Corp. - Segment focus

10.4 Dover Corp.
- Exhibit 98: Dover Corp. - Overview
- Exhibit 99: Dover Corp. - Business segments
- Exhibit 100: Dover Corp. - Key news
- Exhibit 101: Dover Corp. - Key offerings
- Exhibit 102: Dover Corp. - Segment focus

10.5 Enerpac Tool Group Corp.
- Exhibit 103: Enerpac Tool Group Corp. - Overview
- Exhibit 104: Enerpac Tool Group Corp. - Product / Service
- Exhibit 105: Enerpac Tool Group Corp. - Key offerings

10.6 Exxon Mobil Corp.
- Exhibit 106: Exxon Mobil Corp. - Overview
- Exhibit 107: Exxon Mobil Corp. - Business segments
- Exhibit 108: Exxon Mobil Corp. - Key offerings
- Exhibit 109: Exxon Mobil Corp. - Segment focus

10.7 FUCHS PETROLUB SE
- Exhibit 110: FUCHS PETROLUB SE - Overview
- Exhibit 111: FUCHS PETROLUB SE - Business segments
- Exhibit 112: FUCHS PETROLUB SE - Key news
- Exhibit 113: FUCHS PETROLUB SE - Key offerings
- Exhibit 114: FUCHS PETROLUB SE - Segment focus

10.8 Jergens Inc
- Exhibit 115: Jergens Inc - Overview
- Exhibit 116: Jergens Inc - Product / Service
- Exhibit 117: Jergens Inc - Key offerings

10.9 Makita USA Inc.
- Exhibit 118: Makita USA Inc. - Overview
- Exhibit 119: Makita USA Inc. - Product / Service
- Exhibit 120: Makita USA Inc. - Key offerings

10.10 Robert Bosch GmbH
- Exhibit 121: Robert Bosch GmbH - Overview
- Exhibit 122: Robert Bosch GmbH - Business segments
- Exhibit 123: Robert Bosch GmbH - Key news
- Exhibit 124: Robert Bosch GmbH - Key offerings
- Exhibit 125: Robert Bosch GmbH - Segment focus

10.11 The Lubrizol Corp.
- Exhibit 126: The Lubrizol Corp. - Overview
- Exhibit 127: The Lubrizol Corp. - Product / Service
- Exhibit 128: The Lubrizol Corp. - Key offerings

10.12 TotalEnergies SE
- Exhibit 129: TotalEnergies SE - Overview
- Exhibit 130: TotalEnergies SE - Business segments
- Exhibit 131: TotalEnergies SE - Key news
- Exhibit 132: TotalEnergies SE - Key offerings
- Exhibit 133: TotalEnergies SE - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources

11.5 List of abbreviations
- Exhibit 140: 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.

Methodology

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.

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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Key Questions Answered

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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