The metalworking machinery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Metalworking Machinery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The metalworking machinery market size has grown strongly in recent years. It will grow from $266.84 billion in 2023 to $286.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to industrialization, global trade and export, automotive industry growth, infrastructure development.
The metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $375.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to industry 4.0 integration, sustainability and environmental regulations, customization and small-batch production, reshoring and supply chain diversification, digital twin and simulation. Major trends in the forecast period include additive manufacturing (3D printing), robotics and automation, hybrid machines, smart factories, training and workforce development.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The metal working machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. For instance, according to the International Monetary Fund (IMF), a US-based financial agency, China’s gross domestic product (GDP) grew from $17.75 trillion in 2021 to $18.1 trillion in 2022. In addition, the emerging markets and developing economies registered a growth of 3.9% in 2020, which increased to 6.1% in 2022. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
Market Trends –
Machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools such as lathes, mills, routers, and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both ends of the fixture. This offers high-quality products while minimizing errors. CNC milling helps in the short-run production of complex parts and the fabrication of unique precision components. Major companies manufacturing 6-axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, and IMSA.
The metalworking machinery market covered in this report is segmented –
1) By Type: Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory
2) By Capacity: Small, Medium, Large
3) By Application: Automotive, Manufacturing, Other Applications
Subsegments Covered: Dies, Stamping and Other Tools, Jigs and fixtures, Metal Cutting Tools, Metal Forming Tools, Metal Molds, Other Material Molds, Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery, Metalworking Knives And Bits, Measuring Attachments, Metalworking Drill Bits, Machine Tool Taps And Dies
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Regional Insights –
The Asia-Pacific was the largest region in the metalworking machinery market in 2023. Western Europe was the second largest region in the metalworking machinery market. The regions covered in the metal working machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the metalworking machinery market include Sandvik AB, Berkshire Hathaway Inc., TRUMPF Group, Mitsubishi Heavy Industries Ltd., Amada Co. Ltd., Toyota Tsusho, Colfax Corporation, Fanuc Corp, Okuma Corporation, Taiyo Nippon Sanso Corporation, Caterpillar Inc., Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Atlas Copco AB, Kennametal Inc., Hardinge Inc., DMG Mori Co. Ltd., Makino Milling Machine Co. Ltd., Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., Fives Group, Gleason Corporation, Haas Automation Inc., Hurco Companies Inc., Mori Seiki Co. Ltd., Nakamura-Tome Precision Industry Co. Ltd., Okamoto Corporation, Schuler AG, Shenyang Machine Tool Co. Ltd.
Table of Contents
1. Executive Summary
2. Metalworking Machinery Market Report Structure
3. Metalworking Machinery Market Trends And Strategies
4. Metalworking Machinery Market – Macro Economic Scenario
5. Metalworking Machinery Market Size And Growth
…..
27. Metalworking Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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