About Multi-Tasking Machine Tools
Multitasking machines are machines that are designed to perform various types of machines with single machines instead of several types of machines. The machines are highly efficient and productive and allow the incorporation of new technologies. Also, very specific small-scale functions such as milling or drilling can be easily performed by compact CNC machines. Furthermore, some of the major factors, such as convenience and ease of development of complex products and shapes and enhanced dimensional accuracy, will boost the demand for these machines. Some of the primary drivers driving the expansion of the machine tool industry globally are the rising manufacturing industry and technological advancements in machine tools, such as multi-axis and robotic arms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. The Machine Tools market is fragmented in nature. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Moreover, the companies are focusing on the new service launches with continuous research and development. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Doosan Machine Tools Co. Ltd. (Japan), Nicolás Correa Group (Spain), Yamazaki Mazak Corporation (Japan), AMADA Pvt. Ltd. (Japan), Makino (Japan), Georg Fischer Ltd. (Switzerland), Komatsu NTC Ltd. (Japan), OKUMA Corporation (Japan), Hyundai WIA (South Korea), Schuler AG (Germany), DMG Mori Co., Ltd (Japan), MAG IAS GmbH (Germany), Haas Automation Inc. (United States), Erwin Halder KG (Germany) and Gleason Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Multi-Tasking Machine Tools market by , Application (Handling or Machining, Cutting, Boring, Grinding and Others) and Region.
On the basis of geography, the market of Multi-Tasking Machine Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End user Industry, the sub-segment i.e. Machinery Manufacturing will boost the Multi-Tasking Machine Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type, the sub-segment i.e. Machining Center-Based (Milling, Boring, Drilling, Others) will boost the Multi-Tasking Machine Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Mode, the sub-segment i.e. Semi- Manual will boost the Multi-Tasking Machine Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased adoption of multi-tasking machine tools equipped with IoT sensors and connectivity features
Market Growth Drivers:
Increasing demand from the automotive industry and Increasing demand of multitasking machines for minimize the chances of human errors.
Challenges:
It is difficult to create machining programs and Machines have a fixed size and are not suitable for producing large parts or products.
Restraints:
Lack of Trained Operator in Multi-Tasking Machine
Opportunities:
Focus on innovation in technology such as artificial intelligence in multitasking machines.
Market Leaders and their expansionary development strategies
In April 2022, Halder leading technology provider of customized CNC machine tools acquired Newemag AG leading suppliers of machine tools. The acquisition expands growth opportunities to foster its market leading position.
In June 2023, Hyundai WIA Launched machine tools from models with increased cost efficiency to high value multi-tasking machines. The SE2600 Series offers models that focus on improved productivity and cost efficiency through high-speed machining. and In February 2022, DMG MORI launched multitasking machine for process integration of long shaft works. The new launch is enabling all turning and milling operations on one machine through combination of the high-performance turning spindle turn MASTER and the turn-mill spindle compact MASTER with only 350 mm in length.
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization and Government Regulatory
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.