Market Overview:
The global intelligent machine tool market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart machines from various end-use industries, such as automotive, construction machinery, medical instruments, and others. In addition, the growing adoption of Industry 4.0 and IIoT across various industrial sectors is also propelling the growth of this market.
Product Definition:
An intelligent machine tool is a computer-controlled machine used for manufacturing that makes decisions about how to fabricate parts. The importance of intelligent machine tools is that they can make complex shapes and parts using less time and effort than traditional machines.
Smart Lathe:
Smart lathe is a term used to define advanced technology-based systems and equipment that are expected to enhance the manufacturing process in machine tool industry. The major factor responsible for the growth of smart lathe market is growing demand from end users, which include automotive, aerospace & defense, consumer electronics industries.
The primary function of smart lathe is to provide enhanced operational efficiency by reducing human intervention and providing automated features such as change detectionions, programmable feed rates etc.
Smart Milling Machine:
Smart milling machines are automated machine tools that can perform multiple tasks automatically. These mills are equipped with sensors and software which helps them to detect the surrounding environment, as well as provide information to the operator by providing status updates on a screen.
The major application areas of smart mills include automotive, aerospace & defense, electronics & electrical and medical devices among others such as food processing equipment and textile machinery.
Application Insights:
The automobile application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high precision components manufactured using intelligent machines tools across various applications such as medical, consumer electronics, and defense & aerospace.
The construction machinery segment is expected to register a notable CAGR over the forecast period owing to rapid industrialization in developing countries coupled with growing urbanization in developed countries such as U.S., Canada, Germany and France which has resulted in an increased need for infrastructure development activities globally thereby fueling product demand worldwide. Increasing use of 3D printers by manufacturers along with rising R&D expenditure on developing new products specific designed for construction applications are some of the factors that may drive this industry during the study period.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing investments in developing intelligent machines and a rise in manufacturing activities across several industries. Moreover, rising demand for consumer electronics and automobiles has led to increased production of these products, which will further drive regional market growth.
The European region accounted for more than 20% of the overall revenue share in 2017 owing to high demand from end-use industries such as automotive, aerospace & defense, construction machinery among others. North America is also projected to witness significant growth over the coming years on account of increasing adoption by key players operating within this industry verticals such as Boeing Machinery Company; Caterpillar Inc.; Cummins Inc.; Deere & Company; Kawasaki Heavy Industries Ltd.; Kion Group; Komatsu Ltd.; Mitsubishi Electric Factory (MEGATRON) Corporation; Nissan Diesel SpA., etc.
Growth Factors:
- Increasing demand for customized and intelligent machine tools from the automotive and aerospace industries.
- Growing demand for high-precision machining in the medical device and semiconductor industries.
- Rising adoption of additive manufacturing technologies to produce complex parts with high accuracy and precision.
- Proliferation of Industry 4.0 initiatives across various industrial sectors that are driving the need for smart, connected, and autonomous machine tools.
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Machine Tool Market Research Report
By Type
Smart Lathe, Smart Milling Machine, Smart Boring Machine, Smart Grinder, Intelligent Machining Center, Other
By Application
Automobile, Consumer Electronics, Defense and Aerospace, Construction Machinery, Medical Instruments, Others
By Companies
Mazak, SMTCL, DMG MORI, FANUC, TRUMPF, OKUMA, JIER, Ningbo Haitian Precision, Jiangsu Yawei Machine Tool, Zhejiang RIFA Precision Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Machine Tool Market Report Segments:
The global Intelligent Machine Tool market is segmented on the basis of:
Types
Smart Lathe, Smart Milling Machine, Smart Boring Machine, Smart Grinder, Intelligent Machining Center, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Consumer Electronics, Defense and Aerospace, Construction Machinery, Medical Instruments, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mazak
- SMTCL
- DMG MORI
- FANUC
- TRUMPF
- OKUMA
- JIER
- Ningbo Haitian Precision
- Jiangsu Yawei Machine Tool
- Zhejiang RIFA Precision Machinery
Highlights of The Intelligent Machine Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Lathe
- Smart Milling Machine
- Smart Boring Machine
- Smart Grinder
- Intelligent Machining Center
- Other
- By Application:
- Automobile
- Consumer Electronics
- Defense and Aerospace
- Construction Machinery
- Medical Instruments
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intelligent Machine Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An intelligent machine tool is a machine that can be controlled to carry out specific tasks.
Some of the key players operating in the intelligent machine tool market are Mazak, SMTCL, DMG MORI, FANUC, TRUMPF, OKUMA, JIER, Ningbo Haitian Precision, Jiangsu Yawei Machine Tool, Zhejiang RIFA Precision Machinery.
The intelligent machine tool market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Machine Tool Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Intelligent Machine Tool Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Intelligent Machine Tool Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Intelligent Machine Tool Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Intelligent Machine Tool Market Size & Forecast, 2020-2028 4.5.1 Intelligent Machine Tool Market Size and Y-o-Y Growth 4.5.2 Intelligent Machine Tool Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Smart Lathe
5.2.2 Smart Milling Machine
5.2.3 Smart Boring Machine
5.2.4 Smart Grinder
5.2.5 Intelligent Machining Center
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Consumer Electronics
6.2.3 Defense and Aerospace
6.2.4 Construction Machinery
6.2.5 Medical Instruments
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Machine Tool Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intelligent Machine Tool Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Smart Lathe
9.6.2 Smart Milling Machine
9.6.3 Smart Boring Machine
9.6.4 Smart Grinder
9.6.5 Intelligent Machining Center
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Consumer Electronics
9.10.3 Defense and Aerospace
9.10.4 Construction Machinery
9.10.5 Medical Instruments
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Smart Lathe
10.6.2 Smart Milling Machine
10.6.3 Smart Boring Machine
10.6.4 Smart Grinder
10.6.5 Intelligent Machining Center
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Consumer Electronics
10.10.3 Defense and Aerospace
10.10.4 Construction Machinery
10.10.5 Medical Instruments
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Smart Lathe
11.6.2 Smart Milling Machine
11.6.3 Smart Boring Machine
11.6.4 Smart Grinder
11.6.5 Intelligent Machining Center
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Consumer Electronics
11.10.3 Defense and Aerospace
11.10.4 Construction Machinery
11.10.5 Medical Instruments
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Smart Lathe
12.6.2 Smart Milling Machine
12.6.3 Smart Boring Machine
12.6.4 Smart Grinder
12.6.5 Intelligent Machining Center
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Consumer Electronics
12.10.3 Defense and Aerospace
12.10.4 Construction Machinery
12.10.5 Medical Instruments
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Smart Lathe
13.6.2 Smart Milling Machine
13.6.3 Smart Boring Machine
13.6.4 Smart Grinder
13.6.5 Intelligent Machining Center
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Consumer Electronics
13.10.3 Defense and Aerospace
13.10.4 Construction Machinery
13.10.5 Medical Instruments
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intelligent Machine Tool Market: Competitive Dashboard
14.2 Global Intelligent Machine Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mazak
14.3.2 SMTCL
14.3.3 DMG MORI
14.3.4 FANUC
14.3.5 TRUMPF
14.3.6 OKUMA
14.3.7 JIER
14.3.8 Ningbo Haitian Precision
14.3.9 Jiangsu Yawei Machine Tool
14.3.10 Zhejiang RIFA Precision Machinery