Global Machine Tools Market Manufacturers, Size, Share, Forecast Report, 2030 (2024)

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

TABLE 1 GLOBAL MACHINE TOOLS MARKET DEFINITION, BY PRODUCT TYPE

TABLE 2 MARKET DEFINITION, BY AUTOMATION

TABLE 3 MARKET DEFINITION, BY SALES CHANNEL

TABLE 4 MARKET DEFINITION, BY END USER INDUSTRY

1.2.1 INCLUSIONS AND EXCLUSIONS

TABLE 5 INCLUSIONS AND EXCLUSIONS FOR MARKET

1.3 MARKET SCOPE

1.3.1 MARKETS COVERED

FIGURE 1 MARKET SEGMENTATION

1.3.2 REGIONS COVERED

1.3.3 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

TABLE 6 CURRENCY EXCHANGE RATES (PER USD)

1.5 STAKEHOLDERS

1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)

2.1 RESEARCH DATA

FIGURE 2 RESEARCH DESIGN

FIGURE 3 RESEARCH DESIGN MODEL

2.1.1 SECONDARY DATA

2.1.1.1 Key secondary sources

2.1.1.2 Key data from secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key data from primary sources

TABLE 7 LIST OF PARTICIPATING COMPANIES FOR PRIMARY RESEARCH

FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION

2.1.2.2 List of primary participants

2.2 MARKET ESTIMATION METHODOLOGY

FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING

2.3 MARKET SIZE ESTIMATION

2.3.1 BOTTOM-UP APPROACH

FIGURE 6 GLOBALMACHINE TOOLS MARKET: BOTTOM-UP APPROACH

2.3.2 TOP-DOWN APPROACH

FIGURE 7 MARKET: TOP-DOWN APPROACH

FIGURE 8 MARKET ESTIMATION NOTES

2.4 DATA TRIANGULATION

FIGURE 9 DATA TRIANGULATION

2.5 ANALYSIS OF FACTORS IMPACTING MARKET

2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES

2.6 RECESSION IMPACT ANALYSIS

2.7 RESEARCH ASSUMPTIONS

2.8 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 53)

FIGURE 10 GLOBAL MACHINE TOOLS MARKET OVERVIEW

FIGURE 11 CNC MACHINE TOOLS SEGMENT TO HOLD LARGER MARKET SHARE THAN CONVENTIONAL MACHINE TOOLS SEGMENT FROM 2023 TO 2030

FIGURE 12 MILLING MACHINES SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD

FIGURE 13 AUTOMOTIVE AND TRANSPORTATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD

FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 58)

4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN GLOBAL MACHINE TOOLS MARKET

FIGURE 15 RISING DEMAND FOR MACHINE TOOLS IN ASIA PACIFIC TO DRIVE MARKET

4.2 MARKET, BY PRODUCT TYPE

FIGURE 16 MILLING MACHINES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

4.3 MARKET, BY AUTOMATION

FIGURE 17 CNC MACHINE TOOLS SEGMENT TO HOLD LARGER MARKET SHARE THAN CONVENTIONAL MACHINE TOOLS SEGMENT DURING FORECAST PERIOD

4.4 MARKET, BY SALES CHANNEL

FIGURE 18 DEALERS AND DISTRIBUTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

4.5 MARKET, BY END USER INDUSTRY

FIGURE 19 AUTOMOTIVE AND TRANSPORTATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4.6 MARKET, BY REGION

FIGURE 20 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 21 GLOBAL MACHINE TOOLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.2.1 DRIVERS

5.2.1.1 Rising adoption of manufactured goods

FIGURE 22 MANUFACTURING INDUSTRY VALUE ADDED GROWTH, 2019–2023

5.2.1.2 Increasing demand for precision and efficiency

FIGURE 23 APPROACHES FOR INCREASING ENERGY EFFICIENCY OF MACHINE TOOLS

5.2.1.3 Increase in automobile production

FIGURE 24 VEHICLE PRODUCTION, 2020–2022

5.2.1.4 Growing focus on automation

5.2.2 RESTRAINTS

5.2.2.1 High initial investment costs

5.2.2.2 Rising popularity of electric vehicles

5.2.3 OPPORTUNITIES

5.2.3.1 Industry 4.0 and digitization

FIGURE 25 EVOLUTIONARY HISTORY OF INDUSTRIALIZATION AND MACHINE TOOLS

5.2.3.2 Increasing adoption of CNC technology

5.2.3.3 Rising implementation of adaptive machining

FIGURE 26 ADAPTIVE CONTROL SYSTEMS FOR MACHINE TOOLS

5.2.4 CHALLENGES

5.2.4.1 Absence of standardization in industrial communication protocols and interfaces

5.2.4.2 Lack of skilled workforce to operate automated machine tools

FIGURE 27 WORKFORCE SKILL GAP BETWEEN 2018 AND 2028

TABLE 8 IMPACT OF MARKET DYNAMICS

5.3 PRICING ANALYSIS

5.3.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PRODUCT TYPE

TABLE 9 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PRODUCT TYPE, 2023

5.3.2 AVERAGE SELLING PRICE TRENDS, BY REGION

TABLE 10 AVERAGE SELLING PRICE TRENDS, BY REGION, 2023

5.4 ECOSYSTEM ANALYSIS

FIGURE 28 ECOSYSTEM ANALYSIS

5.4.1 RAW MATERIAL SUPPLIERS

5.4.2 MACHINE TOOL COMPONENT MANUFACTURERS

5.4.3 CUTTING TOOL MANUFACTURERS

5.4.4 SOFTWARE AND DIGITIZATION PROVIDERS

5.4.5 MACHINE TOOL MANUFACTURERS

5.4.6 DISTRIBUTORS AND DEALERS

5.4.7 MAINTENANCE AND REPAIR SERVICE PROVIDERS

TABLE 11 ROLE OF COMPANIES IN ECOSYSTEM

5.5 VALUE CHAIN ANALYSIS

FIGURE 29 GLOBAL MACHINE TOOLS MARKET: VALU CHAIN ANALYSIS

5.6 CASE STUDY ANALYSIS

5.6.1 CIRCLE GMBH INSTALLED ROEDERS 5-AXIS MACHINING CENTER OF HURCO EUROPE TO PRODUCE MACHINE PROTOTYPES

5.6.2 JONES NUTTAL INSTALLED PRECISION CNC MACHINES TO IMPROVE OPERATIONAL EFFICIENCY AND RELIABILITY

5.6.3 P-Q CONTROLS, INC. USED DETRON NEO CNC MACHINE TO REDUCE OPERATING COSTS

5.6.4 HIGH-PRECISION SOLUTION FOR HYPERION MATERIALS & TECHNOLOGIES

5.6.5 CUSTOMIZED GRINDING MACHINES FOR MACHINING GEARS

5.6.6 HIGH-PRECISION GRINDING MACHINE FOR TURBO-COMPRESSORS FOR VARIOUS MODELS OF MARINE ENGINES

5.7 INVESTMENT AND FUNDING SCENARIOS

FIGURE 30 DEALS OF KEY PLAYERS, 2020–2023

TABLE 12 LIST OF FUNDING, 2021–2023

5.8 PATENT ANALYSIS

TABLE 13 PATENT ANALYSIS (ACTIVE PATENTS), 2022–2023

5.9 TECHNOLOGY ANALYSIS

5.9.1 INTRODUCTION

5.9.2 INCLUSION OF SMART FEATURES AND NETWORKS

FIGURE 31 SYSTEM ARCHITECTURE OF INTELLIGENT NUMERICAL CONTROLLER (INC)

5.9.3 AUTOMATED AND IOT-READY MACHINES

FIGURE 32 IOT FOR MACHINE TOOL MONITORING SOLUTIONS

5.9.4 CNC SOFTWARE ADVANCEMENTS IN MACHINE TOOLS INDUSTRY

5.9.5 ARTIFICIAL INTELLIGENCE IN MACHINE TOOLS

5.10 TARIFF AND REGULATORY LANDSCAPE

5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 17 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.11 TRADE ANALYSIS