Market Overview:
The global special purpose machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for special purpose machines from various end-use industries, such as automotive, aerospace & defense, machine tools & parts manufacturing, electrical & electronics manufacturing, shipbuilding and others. In addition, the growing adoption of computer numerical control (CNC) machines is also contributing to the growth of this market. However, factors such as high initial investment and lack of skilled labor are restraining the growth of this market. On the basis of type, conventional machines held a major share in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to their low cost as compared with CNC machines and their wide usage across various end-use industries.
Product Definition:
A special-purpose machine (SPM) is a type of machine tool that is designed for a specific task or set of tasks. Special-purpose machines are used in a wide variety of applications, including manufacturing, construction, and agriculture.
The importance of special-purpose machines lies in their ability to complete complex tasks quickly and efficiently. By streamlining the process of completing certain tasks, special-purpose machines can help businesses save time and money. Additionally, many special-purpose machines are portable and easy to operate, making them ideal for use in a variety of settings.
Conventional Machines:
Conventional machines are used in the manufacturing industries for producing different types of products. These conventional machines are available at low cost and their usage is increasing due to which the market for conventional machine is expected to grow over the forecast period. Conventional machine has a fixed capacity, so it cannot be modified as per requirement which limits its growth in high-end applications where capacity needs to be adjusted according to demand.
Computer Numerical Control (CNC) Machines:
CNC (Computer Numerical Control) machines are used in various special purpose machines such as milling, drilling, grinding, cutting and engraving. CNC machining centers can perform multiple operations at the same time with high accuracy. The advent of technology has led to the development of software controlled NC machine which allows a computer to control a tool or tools for performing an operation or series of operations on material.
Application Insights:
The automotive 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 production of electric vehicles (EVs) across the globe, especially in China, Japan and Germany. These machines are used for designing 3D-printed parts as they provide high accuracy and repeatability which helps reduce part count significantly.
Specialized machine tools are widely used in various industries including aerospace & defense, electrical & electronics manufacturing, shipbuilding etc., owing to their ability to produce high precision components with higher feeds and speeds than conventional machine tools do. Moreover, these machines help reduce setup time as they require less training during operations compared with conventional machine tools do.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional SPMM market over the forecast period. The growth of this region can be attributed to increasing demand for high-quality, low-cost products as well as rising investments in manufacturing facilities by various companies. In addition, Asia Pacific has been witnessing strong economic growth with growing industrialization and improving infrastructure due to which many new projects have been initiated leading to increased demand for SP machines in several applications.
The Middle East & Africa is anticipated to grow at a significant rate owing to increasing government spending on defense equipment along with stringent regulations regarding carbon emissions by governments across various countries are driving manufacturers toward adopting energy-efficient technologies resulting in higher adoption of special purpose machines over conventional machine tools & parts manufacturing industry verticals such as aerospace & defense, automotive among others.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Growing trend of automation in manufacturing sector
- Rising demand for customized machines across different industries
- Proliferation of internet of things (IoT) and big data analytics
- Emergence of Industry 4.0
Scope Of The Report
Report Attributes
Report Details
Report Title
Special Purpose Machines Market Research Report
By Type
Conventional Machines, Computer Numerical Control (CNC) Machines
By Application
Automotive, Aerospace & Defense, Machine Tools & Parts Manufacturing, Electrical & Electronics Manufacturing, Shipbuilding, Consumer Goods, Others
By Companies
HMT Machine Tools Limited, Batliboi Limited, Invensys Engineers, EMAG, FIVES, Global CNC Automation, HANN KUEN MACHINERY & HARDWARE, Mazak Corporation, Premier Ltd., Renders India, Loiretech, Shenoy Engineering
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Special Purpose Machines Market Report Segments:
The global Special Purpose Machines market is segmented on the basis of:
Types
Conventional Machines, Computer Numerical Control (CNC) Machines
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
Automotive, Aerospace & Defense, Machine Tools & Parts Manufacturing, Electrical & Electronics Manufacturing, Shipbuilding, Consumer Goods, 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:
- HMT Machine Tools Limited
- Batliboi Limited
- Invensys Engineers
- EMAG
- FIVES
- Global CNC Automation
- HANN KUEN MACHINERY & HARDWARE
- Mazak Corporation
- Premier Ltd.
- Renders India
- Loiretech
- Shenoy Engineering
Highlights of The Special Purpose Machines 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:
- Conventional Machines
- Computer Numerical Control (CNC) Machines
- By Application:
- Automotive
- Aerospace & Defense
- Machine Tools & Parts Manufacturing
- Electrical & Electronics Manufacturing
- Shipbuilding
- Consumer Goods
- 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 Special Purpose Machines 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.
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- Correctly Positioning New Products
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- 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?
Special Purpose Machines are machines that have been specifically designed for a particular task or application.
Some of the key players operating in the special purpose machines market are HMT Machine Tools Limited, Batliboi Limited, Invensys Engineers, EMAG, FIVES, Global CNC Automation, HANN KUEN MACHINERY & HARDWARE, Mazak Corporation, Premier Ltd., Renders India, Loiretech, Shenoy Engineering.
The special purpose machines market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Special Purpose Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Special Purpose Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Special Purpose Machines Market - Supply Chain
4.5. Global Special Purpose Machines Market Forecast
4.5.1. Special Purpose Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Special Purpose Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Special Purpose Machines Market Absolute $ Opportunity
5. Global Special Purpose Machines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Special Purpose Machines Market Size and Volume Forecast by Type
5.3.1. Conventional Machines
5.3.2. Computer Numerical Control (CNC) Machines
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Special Purpose Machines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Special Purpose Machines Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. Machine Tools & Parts Manufacturing
6.3.4. Electrical & Electronics Manufacturing
6.3.5. Shipbuilding
6.3.6. Consumer Goods
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Special Purpose Machines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Special Purpose Machines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Special Purpose Machines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Special Purpose Machines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Special Purpose Machines Demand Share Forecast, 2019-2026
9. North America Special Purpose Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Special Purpose Machines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Special Purpose Machines Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace & Defense
9.4.3. Machine Tools & Parts Manufacturing
9.4.4. Electrical & Electronics Manufacturing
9.4.5. Shipbuilding
9.4.6. Consumer Goods
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Special Purpose Machines Market Size and Volume Forecast by Type
9.7.1. Conventional Machines
9.7.2. Computer Numerical Control (CNC) Machines
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Special Purpose Machines Demand Share Forecast, 2019-2026
10. Latin America Special Purpose Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Special Purpose Machines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Special Purpose Machines Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace & Defense
10.4.3. Machine Tools & Parts Manufacturing
10.4.4. Electrical & Electronics Manufacturing
10.4.5. Shipbuilding
10.4.6. Consumer Goods
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Special Purpose Machines Market Size and Volume Forecast by Type
10.7.1. Conventional Machines
10.7.2. Computer Numerical Control (CNC) Machines
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Special Purpose Machines Demand Share Forecast, 2019-2026
11. Europe Special Purpose Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Special Purpose Machines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Special Purpose Machines Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace & Defense
11.4.3. Machine Tools & Parts Manufacturing
11.4.4. Electrical & Electronics Manufacturing
11.4.5. Shipbuilding
11.4.6. Consumer Goods
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Special Purpose Machines Market Size and Volume Forecast by Type
11.7.1. Conventional Machines
11.7.2. Computer Numerical Control (CNC) Machines
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Special Purpose Machines Demand Share, 2019-2026
12. Asia Pacific Special Purpose Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Special Purpose Machines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Special Purpose Machines Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace & Defense
12.4.3. Machine Tools & Parts Manufacturing
12.4.4. Electrical & Electronics Manufacturing
12.4.5. Shipbuilding
12.4.6. Consumer Goods
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Special Purpose Machines Market Size and Volume Forecast by Type
12.7.1. Conventional Machines
12.7.2. Computer Numerical Control (CNC) Machines
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Special Purpose Machines Demand Share, 2019-2026
13. Middle East & Africa Special Purpose Machines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Special Purpose Machines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Special Purpose Machines Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace & Defense
13.4.3. Machine Tools & Parts Manufacturing
13.4.4. Electrical & Electronics Manufacturing
13.4.5. Shipbuilding
13.4.6. Consumer Goods
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Special Purpose Machines Market Size and Volume Forecast by Type
13.7.1. Conventional Machines
13.7.2. Computer Numerical Control (CNC) Machines
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Special Purpose Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Special Purpose Machines Market: Market Share Analysis
14.2. Special Purpose Machines Distributors and Customers
14.3. Special Purpose Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HMT Machine Tools Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Batliboi Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Invensys Engineers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EMAG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FIVES
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Global CNC Automation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HANN KUEN MACHINERY & HARDWARE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mazak Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Premier Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Renders India
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Loiretech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shenoy Engineering
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
