Industry Background:
Metalworking Machines are used in the processing of cutting and shaping metal. These machines offer an alternative to shape these metal by hand. It provides high precision and high production level. It is highly used for grinding, polishing, embossing, and others. Metalworking machinery can also be having equipment that is required to bend and shape sheet metal. For instance, any metal brake creates folds or bends in sheets of steel and any other metals. Like these machines are utilized to stamp or emboss patterns into metal, or to roll it flat. These machines are operated either manually or operated by using a CNC system depending on their applications.
According to AMA Research, the market for Metalworking Machine is expected to register a CAGR of 8.9% during the forecast period to 2030. This growth is primarily driven by High Growth in Manufacturing Industry
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Machinery sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Kennametal (United States), Hardinge (United States), Amada (Japan), Shenyang Machine Tool (China), Hurco (United States), DMG Mori Seiki (Japan), MAG Giddings & Lewis (United States), JET Tools (United States), Okuma Corporation (Japan) and Metalworking Group (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2023, AMADA Co. Ltd. announced the launch of its NC equipment 'AMNC 4ie' for fiber laser cutting and press brakes. Equipping the machines with AMNC 4ie advances them into environmentally friendly machines.
In May 2023, Metal Press Machinery announced the launch of its innovative range of metal press machines. These machines are designed to revolutionize metalworking processes with state-of-the-art technology.The global metalworking machine market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Influencing Trend:
High adoption of Lathes machines, it rotates, tools and cutting bits shape or cut the metal into the desired form. It is available in various sizes and it’s operated by computer programming by using computer numerical control software.
Market Growth Drivers:
High Growth in Manufacturing Industry and Rising Demand for the Lower Manufacturing Cost for Various Industry Such As Automobiles, Heavy Metal, and Other Industries
Challenges:
High Cost Associated With Manufacturing Raw Materials
Restraints:
Required High Initial Cost
Opportunities:
High Adoption of 3D Laser Cutting and Automation in Machine Tools Manufacturing and Enhancement in Earning Capacity
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Metalworking Machine Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Metalworking Machine Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Metalworking Machine players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Metalworking Machine Study Sheds Light on
The Metalworking Machine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Metalworking Machine industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Metalworking Machine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.