NEW YORK, Dec. 10, 2021 /PRNewswire/ -- Technavio's latest research report on the Metal Machining Market offers a comprehensive analysis of new product launches, the latest trends, drivers, and challenges on businesses. 38% of the market's growth will originate from APAC for the metal machining market. China and Japan are the key markets for metal machining in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America. The increasing number of construction activities in emerging countries and the rising government spending on the development of infrastructure will facilitate the metal machining market growth in APAC over the forecast period.
The metal machining market size is expected to increase by USD 12.63 billion, at a CAGR of 3.11% from 2020 to 2025 as per the latest market report by Technavio.
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Market Dynamics
Factors such as growing demand in the oil and gas industry increased investment in infrastructure will be crucial in driving the growth of the market. But the fluctuations in raw material prices will restrict the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The metal machining market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Company Profiles
The metal machining market is fragmented and the vendors are strategizing to innovate and customize solutions to compete in the market. The metal machining market report includes information on the product launches, sustainability, and prospects of leading vendors including AMADA Co. Ltd., Atlas Copco AB, Colfax Corp., DMG MORI Co. Ltd., FANUC Corp., Messer Cutting Systems Inc., Okuma Corp., Sandvik AB, Shenyang Machine Tools Co. Ltd., and TRUMPF GmbH + Co. KG.
Few Companies with Key Offerings
- AMADA Co. Ltd. - The company is involved in the development, manufacturing, selling the metal cutting machines and grinding machines.
- Atlas Copco AB - The company offers a wide range of solutions such as assembly solutions, joining and bolting solutions, material removal solutions, and air motor solutions.
- Colfax Corp. - The company offers a wide range of welding and cutting equipment.
- DMG MORI Co. Ltd. - The company offers a wide range of services in relation to the whole machine lifetime, used machines, accessories, and energy solutions.
- FANUC Corp. - The company offers sheet metal cutting and handling in one machine such as CNC machining, handling sheet metal, and many more.
Competitive Analysis
The competitive scenario provided in the metal machining market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By End-user, the market is classified into automotive, construction, aerospace, and others
- By Geography, the market is classified as APAC, North America, Europe, South America, and MEA.
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Metal Machining Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.11% |
Market growth 2021-2025 | USD 12.63 billion |
Market structure | Fragmented |
YoY growth (%) | 2.43 |
Regional analysis | APAC, North America, Europe, South America, and MEA |
Performing market contribution | APAC at 38% |
Key consumer countries | China, US, Japan, Germany, and Canada |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AMADA Co. Ltd., Atlas Copco AB, Colfax Corp., DMG MORI Co. Ltd., FANUC Corp., Messer Cutting Systems Inc., Okuma Corp., Sandvik AB, Shenyang Machine Tools Co. Ltd., and TRUMPF GmbH + Co. KG |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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