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CNC Metal Cutting Machine Tools Market Showcase Approximately Thriving CAGR of Around 5.95 Percent In Global Market Forecast Till 2023

Press release   •   Apr 16, 2019 02:47 EDT

Global CNC Metal Cutting Machine Tools Market is expected to grow at thriving CAGR of around 5.95% during the forecast period, 2018-2023.

The new research from Ameco Research on Global CNC Metal Cutting Machine Tools Market Report for 2023 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure of the quality of research.

The research is backed by extensive and in-depth secondary research which involves reference to various statistical databases, national government documents, relevant patent and regulatory databases, news articles, press releases, company annual reports, webcasts, financial reports, and a number of internal and external proprietary databases. This estimated data is cross-checked with industry experts from various leading companies in the market. After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research. With such robust process of data extraction, verification, and finalization, we firmly endorse the quality of our research. With such extensive and in-depth research and comprehensive coverage of information, it is always a possibility of clients finding their desired information in the report with enclosure of key components and valuable statistics in all regards.

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Introduction

Computer Numerical Control (CNC) machine comprises several computers to control machine tools, including lathes, mills, routers, and grinders. These machine tools function through numeric control by instructions given in the form of a program. The programming language is referred to as G-code that essentially controls features, such as coordination, feed rate, speeds, and location. CNC machines are mostly used in manufacturing of metal and plastic parts.

Factors such as the growing demand from major end-use sectors and time-effectiveness with high precision and quality driving the global CNC metal cutting machine tools market. Concurrently, the lack of skilled labor and high cost of CNC machine could restrain market growth to a certain extent.

Regional Analysis

In terms of value the global CNC metal cutting machine tools market is expected to grow at 6.14% CAGR during the forecast period, 2018-2023. In 2017, the market was led by Asia-Pacific with 45.87% share, followed by Europe and the Americas with shares of 28.15% and 19.09%, respectively.

In terms of volume the global CNC metal cutting machine tools market is expected to grow at 5.95% CAGR during the forecast period, 2018-2023. In 2017, the market was led by the Asia-Pacific with 50.78% share, followed by Europe and the Americas with shares of 25.11% and 17.55%%, respectively.

Asia-Pacific is projected to be the fastest-growing regional market for CNC metal cutting machine tools. China holds a substantial market share for the ATV engine, owing to the rapid growth of the industrial sector in China due to supportive government policies. Furthermore, the easy availability of skilled labour and the low cost of establishing manufacturing plants in China have resulted in rapid industrialization and several global companies shifting their plants to the country. The increasing demand for automobiles by the growing population is expected to drive the market in China during the forecast period.

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Key Players

Some of the key players of the market are DMG MORI CO., LTD (Japan), Amada Machine Tools Co. (Japan), JTEKT Corporation (Japan), Yamazaki Mazak Corporation (Japan), Hurco Companies, Inc. (US), Okuma Corporation (Japan), EMAG GmbH & Co. KG (Germany), Komatsu Ltd. (Japan), Haas Automation, Inc. (US), Dalian Machine Tool Group Corporation (China), FANUC Corporation (Japan), and Makino Milling Machine Co., Ltd. (Japan).

Objective of the Global CNC Metal Cutting Machine Tools Market Report—Forecast till 2023

  • To provide insights into factors influencing market growth
    • To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
    • To provide historical and forecast revenue of the market segments based on product type, application, and region
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
  • Target Audience

    • Associations and industrial bodies
    • Component suppliers and distributors
    • End users of CNC machines across industries
    • Government bodies such as regulatory authorities and policymakers
    • Industrial automation equipment providers
    • Original equipment manufacturers (OEMs)

    Key Findings

    • The vertical machine centers segment of the global CNC metal cutting machine tools market, by product type, is projected to register the highest CAGR of 6.43% during the forecast period.
    • The automotive segment of the global CNC metal cutting machine tools market, by application, is projected to register the highest CAGR of 6.40% during the forecast period.
    • Asia-Pacific is expected to dominate the CNC metal cutting machine tools market during the review period. The regional market is expected to register a CAGR of 6.36% to reach a market size of USD 27,370.6 million by the end of 2023.

    The regional analysis includes:
    • Americas
    o US
    o Canada
    o Mexico
    o Rest of Americas
    • Europe
    o Germany
    o U.K
    o Italy
    o Russia
    o Spain
    o France
    o Rest of Europe
    • Asia-Pacific
    o China
    o Japan
    o South Korea
    o India
    o Southeast Asia
    o Australia
    o Rest of Asia Pacific
    • Middle East & Africa
    o Turkey
    o GCC Countries
    o South Africa
    o Israel
    o Egypt

    Available customization:

    With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
    Regional and country-level analysis of the Global CNC Metal Cutting Machine Tools Market, by end-use.
    Detailed analysis and profiles of additional market players.

    Table of Contents

    Global CNC Metal Cutting Machine Tools Market Research Report Forecast to 2023

    1 Market Introduction
    1.1 Definition
    1.2 Scope of the Study
    1.3 Market Structure
    1.4 List of Assumptions

    2 Research Methodology
    2.1 Research Process
    2.2 Primary Research
    2.3 Secondary Research
    2.4 Market Size Estimation
    2.5 Forecast Model

    3 Global CNC Metal Cutting Machine Tools Market, By Product Type
    3.1 Overview
    3.1.1 Vertical Machine Centers
    3.1.2 Horizontal Machine Centers
    3.1.3 CNC Grinder

    4 Global CNC Metal Cutting Machine Tools Market, By Application
    4.1 Overview
    4.1.1 Automotive
    4.1.2 Aerospace & Defence
    4.1.3 Shipbuilding
    4.1.4 Construction
    4.1.5 Others

    5 Global CNC Metal Cutting Machine Tools Market, By Region
    5.1 Overview
    5.2 Americas
    5.2.1 U.S.
    5.2.2 Canada
    5.2.3 Mexico
    5.2.4 Rest of Americas
    5.3 Europe
    5.3.1 Germany
    5.3.2 U.K
    5.3.3 Italy
    5.3.4 Russia
    5.3.5 Spain
    5.3.6 France
    5.3.7 Rest of Europe
    5.4 Asia Pacific
    5.4.1 China
    5.4.2 Japan
    5.4.3 South Korea
    5.4.4 India
    5.4.5 Southeast Asia
    5.4.6 Australia
    5.4.7 Rest of Asia Pacific
    5.5 Middle East & Africa
    5.5.1 Turkey
    5.5.2 GCC Countries
    5.5.3 South Africa
    5.5.4 Israel
    5.5.5 Egypt

    6 Market Dynamics
    6.1 Introduction
    6.2 Drivers
    6.2.1 Growing demand from major end-use sectors
    6.2.2 Time-effectiveness with high precision and quality
    6.2.3 Drivers Impact Analysis
    6.3 Restraints
    6.3.1 Lack of skilled labor
    6.3.2 High cost of CNC machine
    6.3.3 Restraints Impact Analysis
    6.4 Opportunity
    6.4.1 Broader scope in emerging economies

    7 Market Factor Analysis
    7.1 Porter’s Five Forces Analysis
    7.1.1 Threat of New Entrants
    7.1.2 Bargaining Power of Suppliers
    7.1.3 Threat of Substitutes
    7.1.4 Bargaining Power of Buyers
    7.1.5 Segment Rivalry
    7.2 Supply Chain Analysis

    8 Marketing Strategy Analysis, Distributors/Traders
    8.1 Marketing Channel of CNC Metal Cutting Machine Tools
    8.2 Distributors, Traders and Dealers list
    9 Competitive Landscape

    9.1 Competitive Landscape
    9.1.1 Market Share Analysis
    9.1.2 Product Benchmarking

    10 Company Profiles
    10.1 FANUC CORPORATION
    10.1.1 Company Overview
    10.1.2 Financial Overview
    10.1.3 Products/Services Offered
    10.1.4 Key Developments (2014–2018)
    10.1.5 SWOT Analysis
    10.1.6 Key Strategy
    10.2 DMG MORI CO., LTD.
    10.2.1 Company Overview
    10.2.2 Financial Overview
    10.2.3 Products Offered
    10.2.4 Key Developments (2014–2018)
    10.2.5 SWOT Analysis
    10.2.6 Key Strategy
    10.3 Okuma Corporation
    10.3.1 Company Overview
    10.3.2 Financial Overview
    10.3.3 OKUMA CORPORATION: Total Revenue, 2015–2017 (USD Million)
    10.3.4 Products Offered
    10.3.5 Key Developments (2014–2018)
    10.3.6 SWOT Analysis
    10.3.7 Key Strategy
    10.4 JTEKT CORPORATION
    10.4.1 Company Overview
    10.4.2 Financial Overview
    10.4.3 Products Offered
    10.4.4 Key Developments (2014–2018)
    10.4.5 SWOT Analysis
    10.4.6 Key Strategy
    10.5 Komatsu Ltd.
    10.5.1 Company Overview
    10.5.2 Financial Overview
    10.5.3 Products Offered
    10.5.4 Key Developments (2014–2018)
    10.5.5 SWOT Analysis
    10.5.6 Key Strategy
    10.6 Hurco Companies, Inc.
    10.6.1 Company Overview
    10.6.2 Financial Overview
    10.6.3 Products Offered
    10.6.4 Key Developments (2014–2018)
    10.6.5 SWOT Analysis
    10.6.6 Key Strategy
    10.7 EMAG GmbH & Co. KG
    10.7.1 Company Overview
    10.7.2 Financial Overview
    10.7.3 Products Offered
    10.7.4 Key Developments (2014–2018)
    10.7.5 SWOT Analysis
    10.7.6 Key Strategy
    10.8 Haas Automation, Inc
    10.8.1 Company Overview
    10.8.2 Financial Overview
    10.8.3 Products Offered
    10.8.4 Key Developments (2014–2018)
    10.8.5 SWOT Analysis
    10.8.6 Key Strategy
    10.9 AMADA MACHINE TOOLS CO., LTD.
    10.9.1 Company Overview
    10.9.2 Financial Overview
    10.9.3 Products Offered
    10.9.4 Key Developments (2014–2018)
    10.9.5 SWOT Analysis
    10.9.6 Key Strategy
    10.1 Yamazaki Mazak Corporation
    10.10.1 Company Overview
    10.10.2 Financial Overview
    10.10.3 Products Offered
    10.10.4 Key Developments (2014–2018)
    10.10.5 SWOT Analysis
    10.10.6 Key Strategy
    10.11 Dalian Machine Tool Group Corporation
    10.11.1 Company Overview
    10.11.2 Financial Overview
    10.11.3 Products Offered
    10.11.4 Key Developments (2014–2018)
    10.11.5 SWOT Analysis
    10.11.6 Key Strategy
    10.12 Makino Milling Machine Co., Ltd.
    10.12.1 Company Overview
    10.12.2 Financial Overview
    10.12.3 Products Offered
    10.12.4 SWOT Analysis
    10.12.5 Key Strategy

    11 Conclusion

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