Market Overview:
The global metal working machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for precision machinery and electrical equipment from the automotive and aerospace industries, respectively. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period, followed by Europe.
Product Definition:
Metal working machinery is a type of industrial equipment that is used to shape or cut metal. This type of machinery can include lathes, mills, grinders and drills. Metal working machinery is important because it allows manufacturers to create the parts and components that are necessary for producing finished products.
Metal Drilling Machines:
Metal drilling machines are used to drill, bore, cut and shape metal parts in various industries such as automotive, construction equipment industry and aerospace. Metal drilling machines are also known as milling machines or turning centers. The global metal drilling machine market is expected to witness significant growth over the forecast period owing to increasing demand from end-user industries such as aerospace &automotive industry.
Metal Boring and Milling Machines:
Metal boring and milling machines are used in metal working machinery for various operations such as drilling, reaming, cutting slots or notches, etc. Metal working machinery is used to manufacture automotive components (such as chassis), household appliances (such as refrigerators and washing machines), industrial equipment (such as drill press or grinding machine) and other metal products. The demand for the product is expected to witness growth over the forecast period owing to increasing production of automobiles globally.
Application Insights:
Automotive manufacturing was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The automotive industry has been growing significantly across various regions, which has resulted in an increased demand for metal working machinery. This trend is projected to continue over the next few years, thereby benefitting the overall market growth.
Precision machinery was another significant application segment accounting for a share of 15% in 2017 owing to increasing use of these machines in precision engineering applications such as medical equipment and scientific research equipment among others. Increasing R&D activities are also expected to contribute towards higher product demand from this sector over the forecast period.
The global market by region is segregated into North America, Europe, Asia Pacific.
Regional Analysis:
Asia Pacific metal working machinery market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand for tapping and threading machines in the region. The growth can be attributed to rising investments by prominent players in developing countries such as China, India, Japan, and Korea for expanding their production capabilities with high automation levels.
The Asia Pacific was followed by Europe which accounted for a revenue share of 24.2% in 2017 on account of well-established automotive manufacturing industry base in Germany, France, Italy, Spain along with other Eastern European countries that are anticipated to drive regional product demand over the forecast period.
Growth Factors:
- Increasing demand for metalworking machinery from the automotive and aerospace industries
- Rising demand for customized metalworking machinery
- Growing popularity of CNC machines among small and medium-sized businesses
- Proliferation of digital technologies in the metalworking industry
- Emergence of new players in the global metalworking machinery market
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Working Machinery Market Research Report
By Type
Metal Drilling Machines, Metal Boring and Milling Machines, Metal Tapping and Threading Machines, Metal Grinding Machines, Metal Forging, Die-Stamping and Bending Machines, Metal Broaching Machines, Others
By Application
Automobile Manufacturing, Precision Machinery, Electrical Equipment, Metal Products, Other
By Companies
Hurco, Hardinge, Kennametal, MAG Giddings & Lewis, Amada, DMG Mori Seiki, Shenyang Machine Tool
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Metal Working Machinery Market Report Segments:
The global Metal Working Machinery market is segmented on the basis of:
Types
Metal Drilling Machines, Metal Boring and Milling Machines, Metal Tapping and Threading Machines, Metal Grinding Machines, Metal Forging, Die-Stamping and Bending Machines, Metal Broaching Machines, Others
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 Manufacturing, Precision Machinery, Electrical Equipment, Metal Products, Other
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:
- Hurco
- Hardinge
- Kennametal
- MAG Giddings & Lewis
- Amada
- DMG Mori Seiki
- Shenyang Machine Tool
Highlights of The Metal Working Machinery 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:
- Metal Drilling Machines
- Metal Boring and Milling Machines
- Metal Tapping and Threading Machines
- Metal Grinding Machines
- Metal Forging, Die-Stamping and Bending Machines
- Metal Broaching Machines
- Others
- By Application:
- Automobile Manufacturing
- Precision Machinery
- Electrical Equipment
- Metal Products
- Other
- 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 Metal Working Machinery 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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?
Metalworking machinery is a category of industrial equipment used to produce metal parts by cutting, shaping, and welding.
Some of the major players in the metal working machinery market are Hurco, Hardinge, Kennametal, MAG Giddings & Lewis, Amada, DMG Mori Seiki, Shenyang Machine Tool.
The metal working machinery market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metal Working Machinery 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 Metal Working Machinery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Metal Working Machinery 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 Metal Working Machinery 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 Metal Working Machinery Market Size & Forecast, 2018-2028 4.5.1 Metal Working Machinery Market Size and Y-o-Y Growth 4.5.2 Metal Working Machinery Market Absolute $ Opportunity
Chapter 5 Global Metal Working Machinery 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 Metal Working Machinery Market Size Forecast by Type
5.2.1 Metal Drilling Machines
5.2.2 Metal Boring and Milling Machines
5.2.3 Metal Tapping and Threading Machines
5.2.4 Metal Grinding Machines
5.2.5 Metal Forging
5.2.6 Die-Stamping and Bending Machines
5.2.7 Metal Broaching Machines
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Metal Working Machinery 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 Metal Working Machinery Market Size Forecast by Applications
6.2.1 Automobile Manufacturing
6.2.2 Precision Machinery
6.2.3 Electrical Equipment
6.2.4 Metal Products
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Working Machinery 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 Metal Working Machinery 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 Metal Working Machinery Analysis and Forecast
9.1 Introduction
9.2 North America Metal Working Machinery 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 Metal Working Machinery Market Size Forecast by Type
9.6.1 Metal Drilling Machines
9.6.2 Metal Boring and Milling Machines
9.6.3 Metal Tapping and Threading Machines
9.6.4 Metal Grinding Machines
9.6.5 Metal Forging
9.6.6 Die-Stamping and Bending Machines
9.6.7 Metal Broaching Machines
9.6.8 Others
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 Metal Working Machinery Market Size Forecast by Applications
9.10.1 Automobile Manufacturing
9.10.2 Precision Machinery
9.10.3 Electrical Equipment
9.10.4 Metal Products
9.10.5 Other
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 Metal Working Machinery Analysis and Forecast
10.1 Introduction
10.2 Europe Metal Working Machinery 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 Metal Working Machinery Market Size Forecast by Type
10.6.1 Metal Drilling Machines
10.6.2 Metal Boring and Milling Machines
10.6.3 Metal Tapping and Threading Machines
10.6.4 Metal Grinding Machines
10.6.5 Metal Forging
10.6.6 Die-Stamping and Bending Machines
10.6.7 Metal Broaching Machines
10.6.8 Others
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 Metal Working Machinery Market Size Forecast by Applications
10.10.1 Automobile Manufacturing
10.10.2 Precision Machinery
10.10.3 Electrical Equipment
10.10.4 Metal Products
10.10.5 Other
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 Metal Working Machinery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Metal Working Machinery 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 Metal Working Machinery Market Size Forecast by Type
11.6.1 Metal Drilling Machines
11.6.2 Metal Boring and Milling Machines
11.6.3 Metal Tapping and Threading Machines
11.6.4 Metal Grinding Machines
11.6.5 Metal Forging
11.6.6 Die-Stamping and Bending Machines
11.6.7 Metal Broaching Machines
11.6.8 Others
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 Metal Working Machinery Market Size Forecast by Applications
11.10.1 Automobile Manufacturing
11.10.2 Precision Machinery
11.10.3 Electrical Equipment
11.10.4 Metal Products
11.10.5 Other
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 Metal Working Machinery Analysis and Forecast
12.1 Introduction
12.2 Latin America Metal Working Machinery 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 Metal Working Machinery Market Size Forecast by Type
12.6.1 Metal Drilling Machines
12.6.2 Metal Boring and Milling Machines
12.6.3 Metal Tapping and Threading Machines
12.6.4 Metal Grinding Machines
12.6.5 Metal Forging
12.6.6 Die-Stamping and Bending Machines
12.6.7 Metal Broaching Machines
12.6.8 Others
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 Metal Working Machinery Market Size Forecast by Applications
12.10.1 Automobile Manufacturing
12.10.2 Precision Machinery
12.10.3 Electrical Equipment
12.10.4 Metal Products
12.10.5 Other
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) Metal Working Machinery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Metal Working Machinery 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) Metal Working Machinery Market Size Forecast by Type
13.6.1 Metal Drilling Machines
13.6.2 Metal Boring and Milling Machines
13.6.3 Metal Tapping and Threading Machines
13.6.4 Metal Grinding Machines
13.6.5 Metal Forging
13.6.6 Die-Stamping and Bending Machines
13.6.7 Metal Broaching Machines
13.6.8 Others
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) Metal Working Machinery Market Size Forecast by Applications
13.10.1 Automobile Manufacturing
13.10.2 Precision Machinery
13.10.3 Electrical Equipment
13.10.4 Metal Products
13.10.5 Other
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 Metal Working Machinery Market: Competitive Dashboard
14.2 Global Metal Working Machinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hurco
14.3.2 Hardinge
14.3.3 Kennametal
14.3.4 MAG Giddings & Lewis
14.3.5 Amada
14.3.6 DMG Mori Seiki
14.3.7 Shenyang Machine Tool