Global demand for metalworking machinery is forecast to expand 4.5% p.a. between 2014 and 2018. Bangladesh, China, Germany, Japan and the United States are considered the highest potential markets in the coming years.
According to recently published research now available on ASDReports, the expansion of the global metalworking machinery industry is forecast to reach 4.5% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.6%. Currently, machining centres account for 23.2% of the global demand while the remaining market share is divided between machine tools for forging, die-stamping and bending metal (19.0%), lathes for removing metal (13.1%), metal grinding machines (6.1%), metal milling and boring machines (4.8%), metal drilling machines (2.3%), metal sawing and cutting-off machines (2.0%), single/multistation transfer machines (1.7%), metal sharpening machines (1.2%), metal lapping and honing machines (1.1%), metal tapping and threading machines (0.4%), metal broaching machines (0.4%), metal slotting and shaping machines (0.2%), other metalworking machinery (8.3%) and parts and accessories for metalworking machine tools (16.1%).
China, Germany, Japan, South Korea and the United States represent the largest metalworking machinery markets while the strongest annual growth is forecast to occur in Bangladesh (21.7%), the United States (14.1%), Bolivia (10.0%), Thailand (9.1%) and Vietnam (8.6%).
Metalworking machinery market size compared to market growth in different countries