The Business Research Company Global Metalworking Machinery Market Report 2021: Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, September 28, 2021 /EINPresswire.com/ – Based on new market research report “Metalworking Machinery Global Market Report 2021: COVID-19 Impact And Recovery” published by The Business Research Company, the Metalworking Machinery Market size is expected to grow from $ 245.99 billion in 2020 to $ 262.77 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $ 357.27 billion in 2025 at a CAGR of 8%. Stable economic growth is expected to increase investment in end user markets, thereby driving the market over the forecast period.
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The metalworking machinery market comprises the sales of metalworking machinery by entities (organizations, sole proprietorships, and partnerships) that produce machinery such as cutting tools, cutting and forming machine tools. metals, metalworking machine accessories, rolling mill machines, assembly machines, manufacturing machines, industrial molds, conversion or straightening equipment, special dies, tools, jigs and fixtures.
Global Metalworking Machinery Market Trends
Machine manufacturers offer advanced 6-axis CNC milling machines to efficiently manufacture complex components. CNC milling is a specific type of computer numerical control (CNC) machining. It involves the use of computers to control machine tools like lathes, milling machines, routers, and grinders. The 6-axis CNC machine converts a bar of raw metal into an end product by turning from both ends of the fixture. This provides high quality products while minimizing errors. CNC milling assists in the short-term production of complex parts and the manufacture of unique precision components. The main companies manufacturing 6 axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, IMSA.
Global Metalworking Machinery Market Segments:
The global metalworking machinery market is further segmented on the basis of type, application, capacity, and geography.
By type: special die and tool, die set, jig and fixture, machine tool, industrial mold, rolling mill and other metalworking machines, cutting tool and machine tool accessory
By Application: Automotive, Manufacturing, Others
By capacity: small, medium, large
Sub-segments covered: dies, stamping and other tools, jigs and fixtures, metal cutting tools, metal forming tools, metal molds, molds of other materials, drawing and manufacturing machines, winding machines and cutting machines, rolling mill machines, other rolling mills and other Machines for metalworking, Knives and drills for metalworking, Measuring accessories, Drill bits for metalworking, Taps and dies for machine tools
By Geography: The global metalworking machinery market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa. Among these regions, the Asia-Pacific metalworking machinery market accounts for the largest share of the global metalworking machinery market.
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The Global Metalworking Machinery Market report 2021 is part of a series of new reports by The Business Research Company that provides global Metalworking Machinery market overviews, analysis and forecast on the size and market growth for the global metalworking machinery market, global metalworking machinery market share, worldwide metalworking machinery market players, market segments and geographies of metalworking machinery metals, revenue, profiles and market share of the major competitors in the Metalworking Machinery market. The Metalworking Machinery Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read the 2021 Global Metalworking Machinery Market report from The Business Research Company for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Covered Metalworking Machinery Market Organizations: TRUMPF Group; Amada Co Ltd; Kennametal Inc; Komatsu Ltd; Okuma Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Here is a list of reports from The Business Research Company similar to Metalworking Machinery Global Market Report 2021:
Global Machine Tool Cutting Tools and Accessories Market Report 2021 – By Type (Metalworking Knives & Drill Bits, Measuring Accessories, Metalworking Drill Bits, Machine Tool Taps & Dies), by application (automotive, manufacturing), impact and recovery of COVID-19
Global Industrial Molds Market Report 2021 – By Type (Metal Molds), By Application (Manufacturing, Automotive), COVID-19 Impact and Recovery
Global Rolling Mills and Other Metalworking Machinery Market Report 2021 – By Type (Wire Drawing & Manufacturing Machines, Winding & Cutting Machines, Rolling Mill Machines), By Application (Metal Manufacturing, Machinery & Equipment, automobile), impact and recovery of COVID-19
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