What is Metalworking and Maintenance Machinery Market Scope?
Machinery Metalworking is a broad industry that covers a wide range of applications, each with distinct requirements and skillset devices that are driven by electricity to perform different operations on metals like sanding, knurling, drilling, and boring. Maintenance that requires metalworking includes repairing mechanical, plumbing or electrical devices. It also includes routine preventive maintenance tasks essential for keeping a facility working and facility occupants safe.
Influencing Trend:
High Demand for Automated Monitoring over Manual and Potential Growth of Welding and cutting apparatus in the Industrial sector
Market Growth Drivers:
Technological Advancement in Development of New and Advanced Portable Products and Preference for the Automotive Maintenance Equipment to improve performance
Challenges:
High Cost and Regular Maintenance of Metalworking Can Create Challenges
Restraints:
Investment in condition-based monitoring and diagnostic equipment
Opportunities:
Growing New Number of Investors in Lathe Machine can Create Opportunities for the Market
The Metalworking and Maintenance Machinery market study is being classified by Type (Metalworking Machinery, Assembly Machines, Welding & Cutting Apparatus, Automotive Maintenance Equipment and Other), by Application and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
TRUMPF Group (Germany), Okuma Corporation (Japan), Hardinge (United States), Amada (Japan), Kennametal (United States), Komatsu (Japan), DMG Mori Aktiengesellschaft (Germany), JTEKT Corporation (Japan), Fives Machining Systems (United States) and Shenyang Machine Tool (China) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Metalworking and Maintenance Machinery market by Type, Application and Region.
On the basis of geography, the market of Metalworking and Maintenance Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Market Influencers and their Development Strategies
On 4th December 2020, The Board of Directors of Kennametal India approved the merger of WIDIA India Tooling, wholly owned subsidiary of the Company with its holding company viz., Kennametal India. This merger will enable Kennametal India to streamline the Go-To market model and enhance our relevance to our customers in India by offering full range of solutions from Kennametal and WIDIA branded products. The merger enhances our market coverage, reach to customers and brings in techno-commercial synergies to service our customer requirements in a more effective manner.
On 6th April 2022, Okuma America Corp., a builder of CNC machine tools, controls and automation systems, and the management team of Morris Group Inc. (MGI) has established a new facility to serve as a product showroom and technical center to showcase CNC machine tools and associated equipment.
Key Target Audience
Potential Investors, Metalworking and Maintenance Machinery Manufacturers, New Entrants, Research and Development Institutes and Others
Metalworking and Maintenance Machinery Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Metalworking and Maintenance Machinery Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Metalworking and Maintenance Machinery industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.