Table of Content

1 INTRODUCTION 10
1.1 COVID-19 HEALTH ASSESSMENT 10
1.2 COVID-19 ECONOMIC ASSESSMENT 12
1.2.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 13

2 MARKET OVERVIEW 16
2.1 INTRODUCTION 16
2.2 GLOBAL MACHINE TOOLS MARKET – AN OVERALL ECOSYSTEM 16
2.2.1 VALUE CHAIN ANALYSIS 17
2.3 IMPACT OF COVID-19 ON MACHINE TOOL MANUFACTURING COMPANIES 18
2.3.1 DOOSAN MACHINE TOOLS 18
2.3.2 AMADA PVT LTD 19
2.3.3 MAKINO 19
2.3.4 JTEKT 19
2.3.5 GF MACHINING SOLUTIONS 19
2.3.6 DMG MORI 19
2.3.7 KOMATSU 20
2.3.8 OKUMA 20
2.3.9 HYUNDAI WIA 20
2.3.10 SCHULER AG 20
2.3.11 CHIRON GROUP SE 20
2.4 MACRO-ECONOMIC INDICATORS 21
2.4.1 SHORT-TERM DRIVERS 21
2.4.1.1 Remote IoT systems for CNC Machine tools 21
2.4.2 SHORT-TERM RESTRAINTS 21
2.4.2.1 Disruption in the supply chain owing to Lockdown in leading economies 21

3 IMPACT OF COVID-19 ON THE GLOBAL MACHINE TOOLS MARKET SIZE 22
3.1 INTRODUCTION 23
3.1.1 RESEARCH METHODOLOGY 23
3.1.2 ASSUMPTIONS AND DEFINITIONS 24
3.2 COVID-19 IMPACT ON MACHINE TYPE 25
3.2.1 MOST LIKELY (MEDIUM IMPACT) MARKET SCENARIO FOR MACHINE TYPE, 2017-2021 25
3.2.1.1 Metal cutting machine 26
3.2.2 METAL FORMING MACHINE 27
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3.2.3 OPTIMISTIC MARKET (LOW IMPACT) SCENARIO FOR MACHINE TYPE,
2017–2021 28
3.2.4 PESSIMISTIC (HIGH IMPACT) MARKET SCENARIO FOR MACHINE TYPE,
2017-2021 29
3.3 COVID-19 IMPACT ON MACHINE TOOLS, BY AUTOMATION TYPE 30
3.3.1 MOST LIKELY (MEDIUM IMPACT) MARKET SCENARIO FOR AUTOMATION TYPE, 2017-2021 30
3.3.1.1 CNC machine tools 31
3.3.1.2 Conventional machine tools 31
3.3.2 OPTIMISTIC (MEDIUM IMPACT) MARKET SCENARIO FOR AUTOMATION TYPE, 2017-2021 32
3.3.3 PESSIMISTIC (HIGH IMPACT) MARKET SCENARIO FOR AUTOMATION TYPE, 2017-2021 33
3.4 COVID-19 IMPACT ON THE MACHINE TOOLS MARKET, BY INDUSTRY 34
3.4.1 MOST LIKELY (MEDIUM IMPACT) MARKET SCENARIO, BY INDUSTRY,
2017-2021 35
3.4.1.1 Automotive 35
3.4.1.2 Sheet metal 36
3.4.1.3 Capital goods 37
3.4.1.4 Energy 38
3.4.2 OPTIMISTIC (LOW IMPACT) MARKET SCENARIO, BY INDUSTRY, 2017-2021 39
3.4.3 PESSIMISTIC (HIGH IMPACT) MARKET SCENARIO, BY INDUSTRY, 2017-2021 40
3.5 COVID-19 IMPACT ON THE MACHINE TOOLS MARKET, BY SALES CHANNEL 41
3.5.1 MOST LIKELY (MEDIUM IMPACT) MARKET SCENARIO ON SALES CHANNELS, 2017-2021 42
3.5.2 OPTIMISTIC (LOW IMPACT) MARKET SCENARIO ON SALES CHANNELS,
2017-2021 43
3.5.3 PESSIMISTIC (HIGH IMPACT) MARKET SCENARIO ON SALES CHANNELS, 2017-2021 44
3.6 COVID-19 IMPACT ON THE MACHINE TOOLS MARKET, BY REGION 45
3.6.1 MOST LIKELY (MEDIUM IMPACT) MARKET SCENARIO, BY REGION,
2017-2021 45
3.6.2 OPTIMISTIC (LOW IMPACT) MARKET SCENARIO OF REGIONS, 2017-2021 46
3.6.3 PESSIMISTIC (HIGH IMPACT) MARKET SCENARIO OF REGIONS, 2017-2021 47

4 COVID-19 IMPACT ON THE MACHINE TOOLS MARKET IN KEY COUNTRIES 49
4.1 INTRODUCTION 49
4.2 CHINA 50
4.3 US 51
4.4 GERMANY 52
4.5 JAPAN 53
4.6 ITALY 54
4.7 SOUTH KOREA 55
4.8 INDIA 56
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4.9 MEXICO 57
4.10 TAIWAN 58
4.11 RUSSIA 59
4.12 CANADA 60
4.13 TURKEY 61

5 BUSINESS OPPORTUNITIES (TOP GAINERS VS. TOP LOSERS) 62
5.1 IN TERMS OF MANUFACTURING 62
5.2 IN TERMS OF SUPPLY CHAIN 62
5.2.1 MAJOR PROBLEMS DISRUPTING THE SUPPLY CHAIN 63
5.2.2 OPPORTUNITIES IN DIFFERENT SECTORS 63

6 COMPETITIVE LANDSCAPE AND COVID-19 64
6.1 INTRODUCTION 64
6.2 IMPACT ON INDUSTRIES 64
6.3 IMPACT ON MACHINE TOOL MANUFACTURERS 64
6.3.1 IMPACT ON THE SUPPLY CHAIN 64
6.3.2 IMPACT ON PROSPECTS OF THE COMPANY 65
6.4 IMPACT ON SALES CHANNELS 65
6.5 WINNING STRATEGIES TO GAIN MARKET SHARE 65
6.5.1 RETENTION OF OLD CUSTOMERS 65
6.5.2 NEW REVENUE STREAMS 65
6.5.3 CHANGE IN TARGET REGION 66
6.5.4 ADOPTION OF ADVANCED TECHNOLOGIES 66

7 CONSUMER TRENDS OUTLOOK 67
7.1 INTRODUCTION 67
7.2 EXPECTED TRENDS IN INDUSTRIES OWING TO THE IMPACT OF COVID-19 67
7.3 EXPECTED TRENDS IN SALES CHANNELS OWING TO THE IMPACT OF COVID-19 67
7.4 FINAL VERDICT: COVID-19 OUTBREAK POISED TO WEAKEN THE MACHINE
TOOLS MARKET 68

8 APPENDIX 69
8.1 KNOWLEDGE STORE 69
8.2 AUTHOR DETAILS 71



List of Figures



FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 10
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 11
FIGURE 3 COUNTRIES BEGIN WITH SIMILAR TRAJECTORIES BUT CURVES DEVIATE BASED
ON MEASURES TAKEN 11
FIGURE 4 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 12
FIGURE 5 CRITERIA IMPACTING THE GLOBAL ECONOMY 13
FIGURE 6 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 14
FIGURE 7 GLOBAL MACHINE TOOLS MARKET ECOSYSTEM 17
FIGURE 8 GLOBAL MACHINE TOOLS MARKET: VALUE CHAIN 18
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY FOR MACHINE TOOLS:
TOP-DOWN APPROACH 23
FIGURE 10 MOST LIKELY SCENARIO: COVID-19 IMPACT ON MACHINE TYPE 2020 VS. 2021 (USD MILLION) 25
FIGURE 11 COVID-19 IMPACT ON GLOBAL METAL CUTTING MACHINE 2019-2021 (USD MILLION) 26
FIGURE 12 COVID-19 IMPACT ON GLOBAL METAL FORMING MACHINE 2019-2021 (USD MILLION) 27
FIGURE 13 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON MACHINE TYPE 2020 VS. 2021 (USD MILLION) 28
FIGURE 14 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON MACHINE TYPE 2020 VS. 2021 (USD MILLION) 29
FIGURE 15 MOST LIKELY SCENARIO: COVID-19 IMPACT ON AUTOMATION TYPE 2020 VS. 2021 (USD MILLION) 30
FIGURE 16 COVID-19 IMPACT ON GLOBAL CNC MACHINE TOOLS, 2019-2021 (USD MILLION) 31
FIGURE 17 COVID-19 IMPACT ON GLOBAL CONVENTIONAL MACHINE TOOLS 2019-2021 (USD MILLION) 32
FIGURE 18 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON AUTOMATION TYPE 2020 VS. 2021 (USD MILLION) 32
FIGURE 19 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON AUTOMATION TYPE 2020 VS. 2021 (USD MILLION) 33
FIGURE 20 MOST LIKELY SCENARIO: COVID-19 IMPACT, BY INDUSTRY 2020 VS. 2021 (USD MILLION) 35
FIGURE 21 COVID-19 IMPACT ON GLOBAL MACHINE TOOLS IN AUTOMOTIVE 2019-2021 (USD MILLION) 36
FIGURE 22 COVID-19 IMPACT ON GLOBAL MACHINE TOOLS IN SHEET METAL 2019-2021 (USD MILLION) 37
FIGURE 23 COVID-19 IMPACT ON GLOBAL MACHINE TOOLS IN CAPITAL GOODS 2019-2021 (USD MILLION) 38
FIGURE 24 COVID-19 IMPACT ON GLOBAL MACHINE TOOLS IN ENERGY 2019-2021 (USD MILLION) 39
FIGURE 25 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON INDUSTRY 2020 VS. 2021 (USD MILLION) 39
FIGURE 26 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON INDUSTRY 2020 VS. 2021 (USD MILLION) 40
FIGURE 27 MOST LIKELY SCENARIO: COVID-19 IMPACT ON SALES CHANNELS 2020 VS. 2021 (USD MILLION) 42
FIGURE 28 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON SALES CHANNELS 2020 VS. 2021 (USD MILLION) 43
FIGURE 29 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON SALES CHANNELS 2020 VS. 2021 (USD MILLION) 44
FIGURE 30 MOST LIKELY SCENARIO: COVID-19 IMPACT ON REGIONS 2020 VS. 2021 (USD MILLION) 45
FIGURE 31 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON REGIONS 2020 VS. 2021 (USD MILLION) 46
FIGURE 32 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON REGIONS 2020 VS. 2021 (USD MILLION) 47
FIGURE 33 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET BY KEY COUNTRY, 2017-2021 (USD MILLION) 49
FIGURE 34 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN CHINA 2018-2021 (USD MILLION) 50
FIGURE 35 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN THE US 2018-2021 (USD MILLION) 51
FIGURE 36 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN GERMANY 2018-2021 (USD MILLION) 52
FIGURE 37 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN JAPAN 2018-2021 (USD MILLION) 53
FIGURE 38 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN ITALY 2018-2021 (USD MILLION) 54
FIGURE 39 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN SOUTH KOREA, 2018-2021 (USD MILLION) 55
FIGURE 40 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN INDIA 2018-2021 (USD MILLION) 56
FIGURE 41 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN MEXICO 2018-2021 (USD MILLION) 57
FIGURE 42 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN TAIWAN 2018-2021 (USD MILLION) 58
FIGURE 43 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN JAPAN 2018-2021 (USD MILLION) 59
FIGURE 44 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN CANADA 2018-2021 (USD MILLION) 60
FIGURE 45 COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET IN TURKEY 2018-2021 (USD MILLION) 61

 

List of Tables



TABLE 1 MOST LIKELY SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY MACHINE TYPE, 2017-2021 (USD MILLION) 25
TABLE 2 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY MACHINE TYPE, 2017-2021 (USD MILLION) 28
TABLE 3 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY MACHINE TYPE, 2017-2021 (USD MILLION) 29
TABLE 4 MOST LIKELY SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION TYPE, 2017-2021 (USD MILLION) 30
TABLE 5 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION TYPE, 2017-2021 (USD MILLION) 33
TABLE 6 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION TYPE, 2017-2021 (USD MILLION) 34
TABLE 7 MOST LIKELY SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY INDUSTRY, 2017-2021 (USD MILLION) 35
TABLE 8 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY INDUSTRY, 2017-2021 (USD MILLION) 40
TABLE 9 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY INDUSTRY, 2017-2021 (USD MILLION) 41
TABLE 10 MOST LIKELY SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY SALES CHANNEL, 2017-2021 (USD MILLION) 42
TABLE 11 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY SALES CHANNEL, 2017-2021 (USD MILLION) 43
TABLE 12 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY SALES CHANNEL, 2017-2021 (USD MILLION) 44
TABLE 13 MOST LIKELY SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY REGION, 2017-2021 (USD MILLION) 46
TABLE 14 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY REGION, 2017-2021 (USD MILLION) 47
TABLE 15 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE GLOBAL MACHINE TOOLS MARKET, BY REGION, 2017-2021 (USD MILLION) 48
TABLE 16 CHINA: ECONOMIC INDICATOR DURING COVID-19 IMPACT ON THE MARKET 50