Metal Forming Machine Tools Market: Introduction
- Metal forming machine tools include pressure machines, bending machines, shearing devices, casting machines, punching machines, etc.
- They are used in numerous processes, including bending, forming, shaping, forging, punching, pressing, shearing, and die stamping
- Increase in demand for high speed machining and high precision-machined products from diverse industries, including automotive, aerospace, general machinery, and electronic sectors has augmented the demand for metal forming machines
- Rise in adoption of automated equipment and robotics in manufacturing sector is also expected to propel the growth of the global metal forming machine tools market
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Global Metal Forming Machine Tools Market: Dynamics
- Automation of production processes in large-scale manufacturing industries worldwide is expected to be a key factor driving the global metal forming machine tools market
- Increase in investments in the industrial manufacturing sector has boosted the adoption of automated machine tools considerably in the past decade
- Automation of manufacturing processes has improved the productivity of industries
- Automation also helps organizing the overall workflow and making experts very efficient during emergencies
- Increased use of non-metals, such as carbon fiber, plastic products, etc., is expected to hamper the growth of the global metal forming machine tools market in the near future
Global Metal Forming Machine Tools Market: Segmentation Analysis
- In terms of end-user, the metal forming machine tools market can be segmented into automotive, transportation, industrial machinery, construction, precision engineering, and others
- Automotive industry is likely to dominate the global metal forming machine tools market during the forecast period. Metal forming machine tools are increasing being adopted for the manufacturing of metal components in the automotive industry. Rise in the production of automobiles in varied countries, including China, Japan, the U.S., Italy, and Germany has led to high demand for metal forming machine tools.
Asia Pacific to Lead the Global Metal Forming Machine Tools Market
- The global metal forming machine tools market can be divided into: North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Asia Pacific is likely to dominate the metal forming machine tools market from 2019 to 2027, followed by EMEA (Europe, Middle East & Africa) and North America
- Improvements in economic condition and rapid industrial development in developing economies such as China and India are driving the metal forming machine tools market in Asia Pacific
- Increase in construction and manufacturing activities in emerging countries is expected to be a key factor augmenting market growth in the region
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Key Manufacturers Operating in Global Metal Forming Machine Tools Market
The global metal forming machine tools market was moderately fragmented in 2018. Key manufacturers operating in the global metal forming machine tools market are:
- Amada Co. Ltd.
- ANDRITZ
- Mitsubishi Corporation
- TRUMPF Group
- DMG Mori Seiki Aktiengesellschaft
- Schuler AG
Global Metal Forming Machine Tools Market: Research Scope
Global Metal Forming Machine Tools Market, by End-user
- Automotive
- Transportation
- Industrial Machinery
- Construction
- Precision Engineering
- Others
Global Metal Forming Machine Tools Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
