Market Overview:
The Global Multitasking Hybrid Machine Tools Market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for multitasking hybrid machine tools in various end-use industries such as metal fabrication, construction, shipbuilding & offshore, automotive and others. Additionally, the growing demand for lightweight and fuel-efficient vehicles is also propelling the market growth of multitasking hybrid machine tools.
Product Definition:
Multitasking Hybrid Machine Tools are tools that can be used for a variety of tasks. They are important because they can save time and money by allowing users to do multiple tasks with one tool.
Multi-Laser Metal Deposition:
Multi-Laser Metal Deposition (MLMD) is a technology that utilizes multiple laser sources to provide high deposition rates with improved quality and reduced costs.
Laser Metal Deposition:
LMD is a process of creating thin films from high-frequency ultraviolet light and low-frequency infrared light. The deposition tool consists of laser, target material, and chamber. Target materials can be metals or polymers. LMD technology offers various advantages such as reduced cycle time, improved surface finish & quality along with lower operating costs which are expected to have a positive impact on the market growth over the forecast period.
Application Insights:
The global market is segmented by application into metal fabricationation, construction, shipbuilding & offshore, automotive and others. In 2017, the construction segment dominated the overall industry with a revenue share of over 40%. The growth can be attributed to increasing demand for high-precision tools in order to manufacture components with tight tolerances such as gears and shafts for wind turbines.
Metal fabricationations accounted for a significant portion of the total revenue in 2017 owing to rising demand from various end-use industries including aerospace & defense and energy. Hybrid machines are widely used across all major verticals within metal cutting applications such as sheet fed operations on CNC lathe machines along with automated material handling systems that help improve efficiency while reducing costs associated with human labor or material handling costs. These factors are anticipated to drive product adoption across all major segments over the forecast period thereby contributing toward significant growth during the study period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand from end-use industries, such as metal fabrication and shipbuilding. The regional market is also driven by a rise in investments in R&D for developing advanced hybrid machines tools. For instance, research projects on hybrid machine tools funded by the Japan International Cooperation Agency (JICA) are anticipated to fuel industry growth in Asia Pacific region.
North America held a significant share of global revenue due to high demand from various end-use industries such as automotive and others. The U.S., being one of the prominent countries for technological advancements, has witnessed increased adoption of these machines since their inception; hence contributing significantly toward North American market share in 2017 was high demand from this region alone for laser metal deposition systems and multi-laser metal deposition systems respectively and wire arc AMT system combination with CNC control software).
Growth Factors:
- Increasing demand for multitasking hybrid machine tools from automotive and aerospace industries due to the need for high precision and productivity.
- Rising demand for lightweight and fuel-efficient vehicles, which is driving the adoption of multitasking hybrid machine tools in the automotive industry.
- Growing popularity of additive manufacturing (AM) technology, which is boosting the demand for multitasking hybrid machine tools in the aerospace and defense industries.
- Rapid expansion of industrial infrastructure in developing countries, such as China and India, which is fueling the growth of multitasking hybrid machine tools market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multitasking Hybrid Machine Tools Market Research Report
By Type
Multi-Laser Metal Deposition, Laser Metal Deposition, Wire Arc AM
By Application
Metal Fabrication, Construction, Shipbuilding & Offshore, Automotive, Others
By Companies
Mazak, Okuma, Gleason, Methods Machine Tools, UNISIG
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Multitasking Hybrid Machine Tools Market Report Segments:
The global Multitasking Hybrid Machine Tools market is segmented on the basis of:
Types
Multi-Laser Metal Deposition, Laser Metal Deposition, Wire Arc AM
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
Metal Fabrication, Construction, Shipbuilding & Offshore, Automotive, 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
- Okuma
- Gleason
- Methods Machine Tools
- UNISIG
Highlights of The Multitasking Hybrid Machine Tools 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:
- Multi-Laser Metal Deposition
- Laser Metal Deposition
- Wire Arc AM
- By Application:
- Metal Fabrication
- Construction
- Shipbuilding & Offshore
- Automotive
- 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 Multitasking Hybrid Machine Tools 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?
Multitasking Hybrid Machine Tools are a type of machine tool that can simultaneously perform multiple tasks, such as cutting and drilling. This allows the machine to complete more tasks in a shorter amount of time, which can lead to increased efficiency and productivity.
Some of the major companies in the multitasking hybrid machine tools market are Mazak, Okuma, Gleason, Methods Machine Tools, UNISIG.
The multitasking hybrid machine tools market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multitasking Hybrid Machine Tools 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 Multitasking Hybrid Machine Tools Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multitasking Hybrid Machine Tools 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 Multitasking Hybrid Machine Tools 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 Multitasking Hybrid Machine Tools Market Size & Forecast, 2020-2028 4.5.1 Multitasking Hybrid Machine Tools Market Size and Y-o-Y Growth 4.5.2 Multitasking Hybrid Machine Tools 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 Multi-Laser Metal Deposition
5.2.2 Laser Metal Deposition
5.2.3 Wire Arc AM
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 Metal Fabrication
6.2.2 Construction
6.2.3 Shipbuilding & Offshore
6.2.4 Automotive
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multitasking Hybrid Machine Tools 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 Multitasking Hybrid Machine Tools 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 Multi-Laser Metal Deposition
9.6.2 Laser Metal Deposition
9.6.3 Wire Arc AM
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 Metal Fabrication
9.10.2 Construction
9.10.3 Shipbuilding & Offshore
9.10.4 Automotive
9.10.5 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 Multi-Laser Metal Deposition
10.6.2 Laser Metal Deposition
10.6.3 Wire Arc AM
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 Metal Fabrication
10.10.2 Construction
10.10.3 Shipbuilding & Offshore
10.10.4 Automotive
10.10.5 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 Multi-Laser Metal Deposition
11.6.2 Laser Metal Deposition
11.6.3 Wire Arc AM
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 Metal Fabrication
11.10.2 Construction
11.10.3 Shipbuilding & Offshore
11.10.4 Automotive
11.10.5 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 Multi-Laser Metal Deposition
12.6.2 Laser Metal Deposition
12.6.3 Wire Arc AM
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 Metal Fabrication
12.10.2 Construction
12.10.3 Shipbuilding & Offshore
12.10.4 Automotive
12.10.5 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 Multi-Laser Metal Deposition
13.6.2 Laser Metal Deposition
13.6.3 Wire Arc AM
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 Metal Fabrication
13.10.2 Construction
13.10.3 Shipbuilding & Offshore
13.10.4 Automotive
13.10.5 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 Multitasking Hybrid Machine Tools Market: Competitive Dashboard
14.2 Global Multitasking Hybrid Machine Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mazak
14.3.2 Okuma
14.3.3 Gleason
14.3.4 Methods Machine Tools
14.3.5 UNISIG