Global Metal Cutting Machine Tools Market 2018-2025

metal cutting machine tools market

The global metal cutting machine tools market is projected to grow from USD 67.6 billion in 2019 to USD 84.0 billion in 2025 at a CAGR of 3.69% during the forecast period. The growing manufacturing industry, growing industrialization in developing countries and technological advancements in machine tools, such as multi-axis and 3D printing, are some of the major factors driving the growth of the metal cutting machine tool industry globally.

The Asia Pacific is estimated to stay a leader within the market during the forecast period. Several technological advancements are introduced by the machine tools manufacturers in Europe and North America, thanks to the demand for highly sophisticated products and components from the end-users from those regions.

This report provides the insights related to key market participants with the necessary business intelligence and helps them understand the future of the metal cutting machine tool market. The assessment includes the forecast, a summary of the competitive structure, the market ranking of the competitors, also the market trends, market demands, market drivers, market challenges and international trade scenario.

The market drivers and challenges have been assessed to understand their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The global metal cutting machine tool market research report also analyses the application of the machine tools in various industries such as automotive, aerospace/defense, primary & fabricated metals, electrical & electronic equipment, and others at a regional level.

Key Questions addressed by the Insight,

  • 1. What is the global market scenario of the metal cutting machine tool industry?
  • 2. What is the market split by product type (Milling, Drilling, Turning, Grinding, and EDM)?
  • 3. What are the key market trends impacting the growth of the metal cutting machine tool industry?
  • 4. What are the types (CNC machine tools, conventional machine tools) and applications (Automotive, Fabrication Machinery, Precision Engineering, and Others) of machine tools? What is the market share of each type and application?
  • 5. What are the opportunities and threats faced by the manufacturers in the metal cutting machine tools industry?
  • 6. What are the key factors driving the global machine tools industry?
  • 7. What are the challenges to the growth of the machine tools market?
  • 8. What is the metal cutting machine tools market size and the growth rate in 2022, 2025?
  • 9. What will be the market share of the regions: North America, Europe, Asia Pacific, and RoW?
  • 10. Economic impact on machine tools industry and development trends
  • 11. Who are the key manufacturers of machine tools industry?
  • 12. What are the new developments in the market, and which companies are leading these developments?

Chapter 1. Introduction

  • 1.1 Objectives
  • 1.2 Scope of the Study
  • 1.3 Market Definition
  • 1.4 Currency Table
  • 1.5 Stackholder

Chapter 2. Research Methodology

  • 2.1 Market estimation
  • 2.2 Secondary sources
  • 2.3 Research Methodology
  • 2.4 Assumptions/Limitation

Chapter 3. Executive Summary

  • 3.1 Introduction

Chapter 4. Market Overview

  • 4.1 Introduction
  • 4.2 Market Dynamics
  • 4.3 Porters Five Forces Model

Chapter 5. Global Metal Cutting Machine Tool Market, By Product Type

  • 5.1 Introduction and Key findings
    • Milling Machine
    • Drilling Machine
    • Grinding Machine
    • Turning Machine
    • Electrical Discharge Machine
    • Others

Chapter 6. Global Metal Cutting Machine Tool Market, By Automation

  • 6.1 Introduction and Key findings
    • CNC
    • Conventional

Chapter 7. Global Metal Cutting Machine Tool Market, By Industry

  • 7.1 Introduction and Key findings
    • Automotive
    • Fabrication Machinery
    • Precision Engineering
    • Others

Chapter 8. Global Metal Cutting Machine Tool Market, By Region

  • 8.1 Asia Pecific
    • China
    • Japan
    • India
    • Others
  • 8.2 Europe
    • Germany
    • Italy
    • UK
    • Others
  • 8.3 North America
    • US
    • Canada
    • Mexico
  • 8.4 ROW
    • Brazil
    • South Africa
    • Others

Chapter 9. International Trade Scenario

  • 9.1 Export of machine tools
  • 9.2 Import of machine tools

Chapter 10. Market Entry Scenario

  • 10.1 Macro Indicators
  • 10.2 Ease of Doing Business Index

Chapter 11. Competitive Landscape

  • 11.1 Competitive Landscape
  • 11.2 Market Ranking

Chapter 12. Company Profiles

  • 12.1 TRUMPF
  • 12.2 Amada
  • 12.3 Makino
  • 12.4 JTEKT
  • 12.5 GF
  • 12.6 DMG Mori
  • 12.7 Okuma
  • 12.8 Chiron
  • 12.9 SCHULER
  • 12.10 Shenyang Machine Tools

Key Takeaways

Disclaimer

List of Tables:

  • Table 1: Global Metal Cutting Machine Tool Market, By Product Type, 2018 - 2025 (USD Million)
  • Table 2: Milling Machine: Metal Cutting Machine Tool Market, By Region, 2018 - 2025 (USD Million)
  • Table 3: Drilling Machine: Metal Cutting Machine Tool Market, By Region, 2018 - 2025 (USD Million)
  • Table 4: Grinding Machine: Metal Cutting Machine Tool Market, By Region, 2018 - 2025 (USD Million)
  • Table 5: Turning Machine: Metal Cutting Machine Tool Market, By Region, 2018 - 2025 (USD Million)
  • Table 6: EDM: Metal Cutting Machine Tool Market, By Region, 2018 - 2025 (USD Million)
  • Table 7: Others: Metal Cutting Machine Tool Market, By Region, 2018 - 2025 (USD Million)
  • Table 8: Global Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 9: CNC: Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 10: Conventional: Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 11: Global Metal Cutting Machine Tool Market, By Industry, 2018 – 2025 (USD Million)
  • Table 12: Automotive: Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 13: Fabrication Machinery: Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 14: Precision Engineering: Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 15: Others: Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 16: Global Metal Cutting Machine Tool Market, By Region, 2018 – 2025 (USD Million)
  • Table 17: Asia Pacific: Metal Cutting Machine Tool Market, By Country, 2018 – 2025 (USD Million)
  • Table 18: China: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 19: Japan: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 20: India: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 21: South Korea: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 22: Rest of Asia Pacific: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 23: Europe: Metal Cutting Machine Tool Market, By Country, 2018 – 2025 (USD Million)
  • Table 24: Germany: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 25: Italy: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 26: UK: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 27: Rest of Europe: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 28: North America: Metal Cutting Machine Tool Market, By Country, 2018 – 2025 (USD Million)
  • Table 29: US: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 30: Canada: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 31: Mexico: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 32: RoW: Metal Cutting Machine Tool Market, By Country, 2018 – 2025 (USD Million)
  • Table 33: Brazil: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 34: South Africa: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)
  • Table 35: Rest of RoW: Metal Cutting Machine Tool Market, By Automation, 2018 – 2025 (USD Million)

List of Figures:

  • Figure 1: Global Metal Cutting Machine Tool Market, By Product Type (USD Million)
  • Figure 2: Milling Machine: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 3: Drilling Machine: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 4: Grinding Machine: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 5: Turning Machine: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 6: EDM: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 7: Others: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 8: Global Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 9: CNC: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 10: Conventional: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 11: Global Metal Cutting Machine Tool Market, By Industry (USD Million)
  • Figure 12: Automotive: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 13: Fabrication Machinery: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 14: Precision Engineering: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 15: Others: Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 16: Global Metal Cutting Machine Tool Market, By Region (USD Million)
  • Figure 17: Asia Pacific: Metal Cutting Machine Tool Market, By Country (USD Million)
  • Figure 18: China: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 19: Japan: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 20: India: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 21: South Korea: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 22: Rest of Asia Pacific: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 23: Europe: Metal Cutting Machine Tool Market, By Country (USD Million)
  • Figure 24: Germany: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 25: Italy: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 26: UK: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 27: Rest of Europe: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 28: North America: Metal Cutting Machine Tool Market, By Country (USD Million)
  • Figure 29: US: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 30: Canada: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 31: Mexico: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 32: RoW: Metal Cutting Machine Tool Market, By Country (USD Million)
  • Figure 33: Brazil: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 34: South Africa: Metal Cutting Machine Tool Market, By Automation (USD Million)
  • Figure 35: Rest of RoW: Metal Cutting Machine Tool Market, By Automation (USD Million)

By Product

  • Milling Machine
  • Drilling Machine
  • Turning Machine
  • Grinding Machine
  • Electric Discharge Machine
  • Others

By Automation

  • CNC
  • Conventional

By Industry

  • Automotive
  • Fabrication Machinery
  • Precision Engineering
  • Others

By Region

  • Asia Pacific (China, India, Japan, South Kore, Rest of Asia Pacific)
  • Europe(Germany, Italy, UK, Rest of Europe)
  • North America(Canada, Mexico, US)
  • ROW (Brazil, South Africa, Rest of RoW)

The Process

1. Project Kick-off

  • Framing research objectives and scope
  • Getting research team on board
  • Selecting the best fit methodology
  • Deciding the project timeline

2. Secondary Research

  • Exploring various credible secondary sources to collect relevant qualitative and quantitative data
  • Identifying target contacts
  • Preparing questionnaires and market models

3. Primary Research

  • Conducting structured primary interviews with target respondents
  • Having informal discussions with the industry experts and key opinion leaders
  • Deriving quantitative and qualitative data and meaningful insights

4. Analysis and Report Writing

  • Analyzing the quantitative and qualitative data gathered via primary and secondary sources
  • Drawing insightful conclusions and recommendations
  • Preparing the final presentable report

Market Size Estimation and Forecast

For arriving at the market size estimations, IKON follows two way research methodology, that includes data triangulation based on top-down and bottom-up approaches and validation of market numbers via primary research.

The CAGR for the forecast period is derived by studying various factors such as market drivers and challenges, technological developments, FDI inflows, market trends and their level of impact on the market.

Top-Down Approach

Top-Down approach is based on the principle of creating the broad picture and then narrowing it down. Primary and Secondary research done to identify the market size, market share and growth numbers of the players. Then the market is bifurcated into segments and estimate percent share of each market segment. Each market segment’s market size further broken down in the regional market size of each segment and then sub segments. This approach helps in arriving at the market size of each segment.

Bottom-Up Approach

Bottom-Up approach refers to arriving at the total market size by estimating market size of all the market segments by detailed product mapping of all major and small players operating in the market. While estimating market size, current market trends, demand-supply gap, international trade scenario, buyer behaviour, number of end users and average consumption by end users taken into consideration

Primary Check

The market size obtained by using a Top-Down approach is then again cross-checked with the market size obtained by using the Bottom-Up approach.

Data Types and Sources

Secondary Data

Data Type

  • Product type and application, Product pricing, Distribution channel, Promotion strategies, Sales figures, Market share, Growth rates
  • Market structure, Market segments, Market trends, Market opportunities and Market challenges
  • Technological and investment trends and new product development

Secondary Sources

  • Company websites and annual reports, Investor presentations, Press Releases, Research papers
  • Industry association's website, free and paid databases and industry journals
  • Publications by GOI and other Global organization like World Bank, WHO, OECD, EU, Eurostat etc.

Primary Data

Data Type

  • From supply side – Sales numbers, growth rate, market size, market share, distribution, market drivers and challenges and opportunities
  • From demand side - Customer demographics, consumption, buying behavior, buying preference

Data Sources

  • Target respondents such as manufacturers, C-level executives, marketing managers, sales managers, purchase managers, raw material suppliers, distributors, retailers, industry experts, heads of various associations,importers, exporters and customers

Primary Interview Techniques

Primary interview techniques used are structured and semi structured interviews, informal discussion, Delphi technique and Focus group


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