Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.2.1 MARKETS COVERED 16
1.2.2 REGIONAL SEGMENTATION 16
1.2.3 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 17
1.4 PACKAGE SIZE 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.2 SECONDARY DATA 21
2.2.1 KEY SECONDARY SOURCES 21
2.2.2 KEY DATA FROM SECONDARY SOURCES 21
2.3 PRIMARY DATA 22
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 23
2.3.2 PRIMARY PARTICIPANTS 23
2.4 MARKET ESTIMATION 24
2.4.1 TOP DOWN APPROACH 24
2.5 DATA TRIANGULATION 25
2.6 ASSUMPTIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 31
4.1 GLOBAL MACHINE TOOLS MARKET, 2019 VS. 2027 (USD BILLION) 31
4.2 GLOBAL MACHINE TOOLS MARKET, BY REGION, 2019 (USD BILLION) 32
4.3 GLOBAL MACHINE TOOLS MARKET, BY COUNTRY 33
4.4 GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION TYPE, 2019 VS. 2027 (USD BILLION) 33
4.5 GLOBAL MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2019 VS. 2027 (USD BILLION) 34
4.6 GLOBAL MACHINE TOOLS MARKET, BY SALES CHANNEL, 2019 VS. 2027 (USD BILLION) 35

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 37
5.2.1.1 Growth of industries that produce end products and components using machine tools 37
5.2.1.2 Strong industry support due to growth in vehicle production and fabricated metals 37
5.2.1.3 Increasing demand for superior quality products that are achievable through high precision machine tools 38
5.2.2 RESTRAINTS 38
5.2.2.1 Rise of electric vehicles changing the demand for the machine tool industry 38
5.2.3 OPPORTUNITIES 38
5.2.3.1 Retrofitting and maintenance of machine tools 38
5.2.4 CHALLENGES 38
5.2.4.1 Initial investment cost of high-end machines 38
5.2.4.2 Trade barriers between different regions 38

6 INDUSTRY TRENDS 39
6.1 INTRODUCTION 39
6.2 TECHNOLOGY OVERVIEW 39
6.2.1 MACHINE TOOLS EVOLUTION 39
6.3 PORTER’S FIVE FORCES 40
6.4 VALUE CHAIN ANALYSIS 40

7 GLOBAL MACHINE TOOLS MARKET, BY PRODUCT TYPE 42
7.1 INTRODUCTION 43
7.1.1 RESERCH MEHODOLOGY 43
7.1.2 KEY INDUSTRY INSIGHTS 43
7.2 MILLING MACHINES 45
7.2.1 ASIA PACIFIC IS EXPECTED TO LEAD THE MILLING MACHINES MARKET 45
7.3 DRILLING MACHINES 46
7.3.1 ASIA PACIFIC IS ESTIMATED TO LEAD THE DRILLING MACHINE TOOLS MARKET 46
7.4 TURNING MACHINES 47
7.4.1 ASIA PACIFIC IS EXPECTED TO LEAD THE TURNING MACHINE TOOLS MARKET 47
7.5 GRINDING MACHINES 48
7.5.1 ASIA PACIFIC IS EXPECTED TO LEAD THE GRINDING MACHINE TOOLS MARKET 48
7.6 ELECTRICAL DISCHARGE MACHNIES 49
7.6.1 ASIA PACIFIC IS EXPECTED TO LEAD THE EDM MARKET 49

8 GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION 50
8.1 INTRODUCTION 51
8.1.1 RESERCH MEHODOLOGY 51
8.1.2 KEY INDUSTRY INSIGHTS 51
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8.2 CNC MACHINE TOOLS 53
8.2.1 ASIA PACIFIC IS EXPECTED TO BE THE LARGEST MARKET FOR CNC MACHINE TOOLS 53
8.3 CONVENTIONAL MACHINE TOOLS 54
8.3.1 ASIA PACIFIC IS EXPECTED TO BE THE LEADING MARKET FOR CONVENTIONAL MACHINE TOOLS 54

9 GLOBAL MACHINE TOOLS MARKET, BY INDUSTRY SEGMENT 55
9.1 INTRODUCTION 56
9.1.1 RESERCH MEHODOLOGY 56
9.1.2 KEY INDUSTRY INSIGHTS 56
9.2 AUTOMOTIVE AND TRANSPORTATION 58
9.2.1 ASIA PACIFIC IS EXPECTED TO LEAD THE MACHINE TOOLS MARKET FOR AUTOMOTIVE AND TRANSPORTATION 58
9.3 SHEET METALS 59
9.3.1 ASIA PACIFIC IS EXPECTED TO LEAD THE MACHINE TOOLS MARKET FOR SHEET METALS SEGMENT 59
9.4 CAPITAL GOODS 60
9.4.1 ASIA PACIFIC IS EXPECTED TO LEAD THE MACHINE TOOLS MARKET FOR CAPITAL GOODS INDUSTRY 60
9.5 ENERGY 61
9.5.1 ASIA PACIFIC IS EXPECTED TO LEAD THE MARKET FOR ENERGY SECTOR, BY VALUE 61

10 GLOBAL MACHINE TOOLS MARKET, BY SALES CHANNEL 62
10.1 INTRODUCTION 63
10.1.1 RESERCH MEHODOLOGY 63
10.1.2 KEY INDUSTRY INSIGHTS 63
10.2 DIRECT SALES 65
10.2.1 ASIA PACIFIC IS EXPECTED TO LEAD THE DIRECT SALES CHANNEL SEGMENT 65
10.3 EVENTS AND EXHIBITIONS 66
10.3.1 ASIA PACIFIC IS EXPECTED TO LEAD THE EVENTS AND EXHIBITIONS SEGMENT 66
10.4 DEALERS AND DISTRIBUTORS 67
10.4.1 ASIA PACIFIC IS ESTIMATED TO LEAD THE DEALERS AND DISTRIBUTORS SEGMENT 67

11 GLOBAL MACHINE TOOLS MARKET, BY REGION 68
11.1 INTRODUCTION 69
11.2 NORTH AMERICA 70
11.2.1 US 72
11.2.1.1 CNC machine tools will lead the US machine tools market 72
11.2.2 CANADA 72
11.2.2.1 increasing investments by Canadian Manufacturers in high tech machinery expected to boost the CNC machine tools market 72
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11.2.3 MEXICO 73
11.2.3.1 Expansion of Automotive industries will support the growth of CNC machine tools market 73
11.3 EUROPE 73
11.3.1 UK 75
11.3.1.1 UK CNC machine tools market estimated to be the fastest growing in Europe 75
11.3.2 GERMANY 76
11.3.2.1 CNC machine tools market in Germany is expected to register significant growth 76
11.3.3 FRANCE 76
11.3.3.1 CNC machine tools segment will drive the French machine tools market 76
11.3.4 ITALY 77
11.3.4.1 CNC machine tools segment is the fastest growing in Italy 77
11.3.5 SPAIN 77
11.3.5.1 Spanish CNC machine tools market is stagnant during the forecast period 77
11.3.6 SWITZERLAND 78
11.3.6.1 demand for high precision components expected to drive the Swiss CNC machines tools market 78
11.3.7 TURKEY 78
11.3.7.1 Metal fabrication, automotive & transportation industries are expected to boost the Turkish CNC machine tools market 78
11.4 ASIA PACIFIC 79
11.4.1 CHINA 81
11.4.1.1 CNC machine tools expected to register significant growth in china 81
11.4.2 JAPAN 81
11.4.2.1 CNC machine tools segment is expected to grow in japan 81
11.4.3 SOUTH KOREA 82
11.4.3.1 CNC machine tools segment is expected to grow in the future 82
11.4.4 INDIA 82
11.4.4.1 CNC machine tools segment is expected to grow in the future 82
11.5 ROW 83
11.5.1 RUSSIA 84
11.5.1.1 CNC machine tools are expected to be in high demand 84
11.5.2 BRAZIL 84
11.5.2.1 CNC machine tools are expected to lead the market 84
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12 COMPETITIVE LANDSCAPE 85
12.1 OVERVIEW 85
12.2 MACHINE TOOLS MARKET: MARKET RANKING ANALYSIS 87
12.3 COMPETITIVE SCENARIO 87
12.3.1 NEW PRODUCT DEVELOPMENTS 88
12.3.2 EXPANSIONS 89
12.3.3 MERGERS/ACQUISITIONS/COLLABORATION 90
12.4 STRENGTH OF PRODUCT PORTFOLIO 93
12.5 BUSINESS STRATEGY EXCELLENCE 94

13 COMPANY PROFILES 95
13.1 KEY PLAYERS 95
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
13.1.1 DOOSAN 95
13.1.2 AMADA 98
13.1.3 MAKINO 102
13.1.4 JTEKT 105
13.1.5 GF MACHINING SOLUTIONS 109
13.1.6 DMG MORI 112
13.1.7 KOMATSU 115
13.1.8 OKUMA 116
13.1.9 HYUNDAI WIA 120
13.1.10 SCHULER AG 123
13.1.11 CHIRON GROUP SE 126
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13.2 OTHER KEY PLAYERS 128
13.2.1 EUROPE 128
13.2.1.1 Mag IAS GMBH 128
13.2.1.2 Grob-Werke GMBH & Co.Kg 128
13.2.1.3 Spinner Machine Tools 128
13.2.2 NORTH AMERICA 128
13.2.2.1 HAAS Automation 128
13.2.2.2 Gleason Corporation 129
13.2.3 ASIA PACIFIC 129
13.2.3.1 Dalian Machine Tools Group Corporation 129
13.2.3.2 Yamazaki Mazak Corporation 129
13.2.3.3 Electronica Hitech Engineering Pvt. ltd. 129
13.2.3.4 ACE Micromatic Group 129
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14 APPENDIX 130
14.1 DISCUSSION GUIDE 130
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 132
14.3 AVAILABLE CUSTOMIZATIONS 134
14.3.1 ADDITIONAL COMPANY PROFILES 134
14.3.1.1 Business overview 134
14.3.1.2 SWOT analysis 134
14.3.1.3 Recent developments 134
14.3.1.4 MnM view 134
14.3.1.5 Who–Supplies–Whom Data 134
14.3.2 REGION AND COUNTRY SPECIFIC ROBOTIC LAWN MOWER MARKET 134
14.4 RELATED REPORT 134
14.5 AUTHOR DETAILS 135



List of Figures



FIGURE 1 MACHINE TOOLS MARKET: MARKET SEGMENTATION 16
FIGURE 2 GLOBAL MACHINE TOOLS MARKET: RESEARCH DESIGN 19
FIGURE 3 RESEARCH DESIGN MODEL 20
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: 22
FIGURE 5 TOP DOWN APPROACH 24
FIGURE 6 DATA TRIANGULATION 25
FIGURE 7 MACHINE TOOLS: MARKET DYNAMICS 28
FIGURE 8 GLOBAL MACHINE TOOLS MARKET, BY REGION, 2019–2027 (USD BILLION) 29
FIGURE 9 GLOBAL MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2019 VS. 2027 (USD BILLION) 30
FIGURE 10 GROWTH IN THE MANUFACTURING SECTOR AND OTHER INDUSTRIES UTILIZING MACHINE CUTTING AND FORMING MACHINES HAVE TRIGERRED THE DEMAND
FOR THE MACHINE TOOL INDUSTRY 31
FIGURE 11 ASIA PACIFIC IS ESTIMATED TO LEAD THE GLOBAL MACHINE TOOLS MARKET 32
FIGURE 12 UK MARKET TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 33
FIGURE 13 CNC MACHINE TOOLS SEGMENT IS EXPECTED TO LEAD THE MARKET GLOBALLY 33
FIGURE 14 ELECTRICAL DISCHARGE MACHINES IS ESTIMATED TO BE THE FASTEST GROWING SEGMENT OF THE GLOBAL MACHINE TOOLS MARKET 34
FIGURE 15 DIRECT SALES IS EXPECTED TO BE THE PREFERRED SALES CHANNEL
DURING THE FORECAST PERIOD 35
FIGURE 16 GLOBAL MACHINE TOOLS MARKET: MARKET DYNAMICS 37
FIGURE 17 PORTER’S FIVE FORCES: MACHINE TOOLS MARKET 40
FIGURE 18 VALUE CHAIN ANALYSIS: MACHINE TOOLS MARKET 41
FIGURE 19 MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2019 VS. 2027, (USD BILLION) 44
FIGURE 20 MACHINE TOOLS MARKET, BY AUTOMATION, 2019 VS. 2027, (USD BILLION) 52
FIGURE 21 GLOBAL MACHINE TOOLS MARKET, BY INDUSTRY SEGMENT, 2019 VS. 2027 (USD BILLION) 57
FIGURE 22 MACHINE TOOLS MARKET, BY SALES CHANNEL, 2019 VS. 2027, (USD BILLION) 64
FIGURE 23 EUROPE IS ESTIMATED TO BE THE FASTEST GROWING MACHINE TOOLS MARKET DURING THE FORECAST PERIOD, 2019?2027 69
FIGURE 24 NORTH AMERICA: MACHINE TOOLS MARKET SNAPSHOT 71
FIGURE 25 EUROPE: MACHINE TOOLS MARKET SNAPSHOT 74
FIGURE 26 ASIA PACIFIC: MACHINE TOOLS MARKET SNAPSHOT 80
FIGURE 27 ROW: MACHINE TOOLS MARKET, BY COUNTRY, 2019 VS. 2027 (USD BILLION) 83
FIGURE 28 COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY, 2016-2019 86
FIGURE 29 MACHINE TOOLS MARKET: MARKET RANKING ANALYSIS, 2018 87
FIGURE 30 MAHINE TOOLS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019 92
FIGURE 31 DOOSAN: COMPANY SNAPSHOT 95
FIGURE 32 SWOT ANALYSIS: DOOSAN 97
FIGURE 33 AMADA: COMPANY SNAPSHOT 98
FIGURE 34 SWOT ANALYSIS: AMADA 101
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FIGURE 35 MAKINO: COMPANY SNAPSHOT 102
FIGURE 36 MAKINO: SWOT ANALYSIS 103
FIGURE 37 JTEKT: COMPANY SNAPSHOT 105
FIGURE 38 JTEKT: SWOT ANALYSIS 107
FIGURE 39 GF MACHINING SOLUTIONS: COMPANY SNAPSHOT 109
FIGURE 40 GF MACHNINIG SOLUTIONS: SWOT ANALYSIS 110
FIGURE 41 DMG MORI: COMPANY SNAPSHOT 112
FIGURE 42 KOMATSU: COMPANY SNAPSHOT 115
FIGURE 43 OKUMA: COMPANY SNAPSHOT 116
FIGURE 44 HYUNDAI WIA: COMPANY SNAPSHOT 120
FIGURE 45 SCHULER AG: COMPANY SNAPSHOT 123
FIGURE 46 CHIRON GROUP: COMPANY SNAPSHOT 126

 

List of Tables



TABLE 1 CURRENCY EXCHANGE RATES (W.R.T. USD) 17
TABLE 2 MACHINE TOOLS MARKET: BY PRODUCT TYPE, 2019–2027 (USD BILLION) 44
TABLE 3 MILLING MACHINE TOOLS: BY REGION, 2019–2027 (USD BILLION) 45
TABLE 4 DRILLING MACHINE TOOLS: BY REGION, 2019-2027, (USD BILLION) 46
TABLE 5 TURNING MACHINE TOOLS: BY REGION, 2019-2027 (USD BILLION) 47
TABLE 6 GRINDING MACHINE TOOLS: BY REGION, 2019-2027 (USD BILLION) 48
TABLE 7 ELECTRICAL DISCHARGE MACHINES: BY REGION, 2019-2027 (USD BILLION) 49
TABLE 8 GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION, 2019-2027 (USD BILLION) 52
TABLE 9 CNC MACHINE TOOLS MARKET: BY REGION, 2019–2027 (USD BILLION) 53
TABLE 10 CONVENTIONAL MACHINE TOOLS MARKET: BY REGION 2019–2027 (USD BILLION) 54
TABLE 11 GLOBAL MACHINE TOOLS MARKET, BY INDUSTRY SEGMENT 2019–2027 (USD BILLION) 57
TABLE 12 AUTOMOTIVE AND TRANSPORTATION: BY REGION, 2019–2027 (USD BILLION) 58
TABLE 13 SHEET METALS: BY REGION, 2019–2027 (USD BILLION) 59
TABLE 14 CAPITAL GOODS: BY REGION, 2019–2027 (USD BILLION) 60
TABLE 15 ENERGY: BY REGION, 2019–2027 (USD BILLION) 61
TABLE 16 MACHINE TOOLS MARKET: BY SALES CHANNEL, 2019–2027 (USD BILLION) 64
TABLE 17 DIRECT SALES CHANNEL: BY REGION, 2019-2027 (USD BILLION) 65
TABLE 18 EVENTS AND EXHIBITIONS: BY REGION, 2019–2027 (USD BILLION) 66
TABLE 19 DEALERS AND DISTRIBUTORS: BY REGION, 2019-2027, (USD BILLION) 67
TABLE 20 GLOBAL MACHINE TOOLS MARKET, BY REGION, 2019–2027 (USD BILLION) 70
TABLE 21 NORTH AMERICA: MACHINE TOOLS MARKET, BY COUNTRY 2019–2027 (USD BILLION) 71
TABLE 22 US: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 72
TABLE 23 CANADA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 72
TABLE 24 MEXICO: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 73
TABLE 25 EUROPE: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2027 (USD BILLION) 75
TABLE 26 UK: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 75
TABLE 27 GERMANY: MACHINE TOOLS MARKET, BY AUTOMATION 2019–2027 (USD BILLION) 76
TABLE 28 FRANCE: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 76
TABLE 29 ITALY: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 77
TABLE 30 SPAIN: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 77
TABLE 31 SWITZERLAND: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 78
TABLE 32 TURKEY: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 78
TABLE 33 ASIA PACIFIC: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2027 (USD BILLION) 80
TABLE 34 CHINA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 81
TABLE 35 JAPAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 81
TABLE 36 SOUTH KOREA: MACHINE TOOLS MARKET, BY AUTOMATION 2019–2027 (USD BILLION) 82
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TABLE 37 INDIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 82
TABLE 38 ROW: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2027 (USD BILLION) 83
TABLE 39 RUSSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 84
TABLE 40 BRAZIL: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2027 (USD BILLION) 84
TABLE 41 CONTRACTS/AGREEMENTS/PARTNERSHIP, 2016–2019 88
TABLE 42 NEW PRODUCT DEVELOPMENTS, 2016–2019 88
TABLE 43 EXPANSIONS, 2016-2019 89
TABLE 44 MERGERS/ACQUISITIONS/COLLABORATION, 2016-2019 90