Market Overview:
The global tool turrets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for precision machining and automation in manufacturing industries. In addition, the growing demand for customized tools and parts is also contributing to the growth of this market. The global tool turrets market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into disc-type, head-type, and crown type tool turrets. The disc-type turret is expected to hold a major share in this market due its high accuracy and repeatability coupled with its low cost as compared to other types of turret systems available in the market. On account of their ability to handle large workpieces with ease, head-type turret systems are witnessing high adoption rates across various industrial sectors such as automotive and aerospace industries.
Product Definition:
A turret is a device that can be rotated around a vertical axis to point in different directions. Tool turrets are used on machine tools, such as lathes and mills, to hold and rotate the cutting tools. They are also used on punch presses and other machines to hold the tooling or workpiece.
Disc-Type:
The disc-type tool turret is a mechanical device used in the manufacturing industries for rotating and positioning various heavy machinery parts such as large nuts, bolts, washers or other similar sized fasteners. The disc-type tool turret is an essential component of assembly lines that are engaged in producing automotive components or industrial machinery components. In the past few years, there has been a significant increase in demand for electric vehicles across the globe which has led to increased production of battery packs and related equipment.
Head-Type:
The head-type is a method of mounting tools or parts wherein the tool or part is mounted on a shaft that also contains the bearings. The head-type system offers several advantages such as low weight, less friction, and high rigidity which are highly beneficial for industrial applications.
Application Insights:
The others application segment includes construction, mining and quarrying, and automotive. The rising demand for automated solutions in the manufacturing sector is expected to be a major factor driving the tool turrets market over the forecast period. Furthermore, increasing investments by companies in developing countries such as China and India are anticipated to further drive growth over the coming years.
The growing adoption of 3D printing has led to an increased demand for affordable 3D printers across workshops and garages around the world. In addition, there has been a rise in popularity of easy-to-print tools such as hex nuts that can be easily mounted on various types of tool turret systems available on the market today.
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 metalworking and automotive. The growing industrialization in emerging economies of Asia Pacific, such as China and India, is also anticipated to drive industry expansion over the next eight years. Furthermore, rising investments by MNCs in countries like China are expected to fuel market growth during the forecast period. For instance, In January 2017; Volkswagen Group announced its plan for investing around USD X billion by 2020 in an attempt to increase its presence in China.
North America accounted for a significant share of global revenue due with high demand from application industries along with advanced manufacturing facilities existing across this region which caters various components using automated machines based on Gantry robots or CNC machines etc.
Growth Factors:
- Increasing demand for precision machining in automotive and aerospace industries
- Growing popularity of multitasking machines that require tool turrets
- Rising demand for high-speed machining in the manufacturing sector
- Proliferation of CNC machines across small and medium-sized enterprises (SMEs)
- Technological advancements in tool turret systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Tool Turrets Market Research Report
By Type
Disc-Type, Head-Type, Crown Type
By Application
Warehouse, Workshop, Others
By Companies
Duplomatic Automation, Mate Precision Tooling, Dorian Tool International, Knuth Machine Tools, Sauter, Algra, Epmo, EUROMA, EWS Weigele, OMG, Duplomatic Automation
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Tool Turrets Market Report Segments:
The global Tool Turrets market is segmented on the basis of:
Types
Disc-Type, Head-Type, Crown Type
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
Warehouse, Workshop, 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:
- Duplomatic Automation
- Mate Precision Tooling
- Dorian Tool International
- Knuth Machine Tools
- Sauter
- Algra
- Epmo
- EUROMA
- EWS Weigele
- OMG
- Duplomatic Automation
Highlights of The Tool Turrets 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:
- Disc-Type
- Head-Type
- Crown Type
- By Application:
- Warehouse
- Workshop
- 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 Tool Turrets 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?
Tool turrets are a type of turret that can be used to fire tools. They are often mounted on machines that work with tools, such as construction equipment or manufacturing plants.
Some of the key players operating in the tool turrets market are Duplomatic Automation, Mate Precision Tooling, Dorian Tool International, Knuth Machine Tools, Sauter, Algra, Epmo, EUROMA, EWS Weigele, OMG, Duplomatic Automation.
The tool turrets market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tool Turrets 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 Tool Turrets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tool Turrets 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 Tool Turrets 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 Tool Turrets Market Size & Forecast, 2020-2028
4.5.1 Tool Turrets Market Size and Y-o-Y Growth
4.5.2 Tool Turrets 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 Disc-Type
5.2.2 Head-Type
5.2.3 Crown Type
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 Warehouse
6.2.2 Workshop
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tool Turrets 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 Tool Turrets 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 Disc-Type
9.6.2 Head-Type
9.6.3 Crown Type
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 Warehouse
9.10.2 Workshop
9.10.3 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 Disc-Type
10.6.2 Head-Type
10.6.3 Crown Type
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 Warehouse
10.10.2 Workshop
10.10.3 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 Disc-Type
11.6.2 Head-Type
11.6.3 Crown Type
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 Warehouse
11.10.2 Workshop
11.10.3 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 Disc-Type
12.6.2 Head-Type
12.6.3 Crown Type
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 Warehouse
12.10.2 Workshop
12.10.3 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 Disc-Type
13.6.2 Head-Type
13.6.3 Crown Type
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 Warehouse
13.10.2 Workshop
13.10.3 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 Tool Turrets Market: Competitive Dashboard
14.2 Global Tool Turrets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Duplomatic Automation
14.3.2 Mate Precision Tooling
14.3.3 Dorian Tool International
14.3.4 Knuth Machine Tools
14.3.5 Sauter
14.3.6 Algra
14.3.7 Epmo
14.3.8 EUROMA
14.3.9 EWS Weigele
14.3.10 OMG
14.3.11 Duplomatic Automation
