Global Toolroom Machine (Machine Tools) Market: Introduction

A toolroom machine is used to shape metals or other rigid materials by boring, shearing, grinding, cutting, or deforming. Based on mode of operation, machine tools are classified into different types such as conventional and numerically controlled. Examples of machine tools include broaching machines, drill presses, gear shapers, hobbing machines, lathe machines, screw machines, milling machines, shapers, and grinding machines.

Global Toolroom Machine (Machine Tools) Market: Competition Landscape

  • In June 2018, Hexagon AB acquired SPRING Technologies, a France- based player specialized in providing integrated solutions for machine tool management
  • In January 2019, Hoffmann Group introduced three new and innovative cutting tools in the market in India. These include carbide barrel milling cutters, tools for processing threads for a wide range of materials, and cutters for titanium processing.

3M Company

Established in 1902, 3M Company is located in St. Paul, Minnesota (the U.S.). It develops, manufactures, and sells several products. The company primarily operates through four business segments: transportation & electronics, safety & industrial, consumer, and healthcare. The company provides products for use in the manufacturing sector such as abrasives, automotive products, filtration products, and tapes and adhesives.

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AMADA MACHINE TOOLS CO., LTD.

Founded in 1937, Amada Machine Tools Co., Ltd. is located in Kanagawa, Japan. The company is engaged in the development, sale, manufacture, and servicing of machine tools, stamping press machines, and metal-cutting machines. The company also specializes in offering structural steel machines, grinding machines, band saw blades, and machines designed to grind workpieces.

Larsen & Toubro Infotech Limited

Established in 1997, Larsen & Toubro Infotech Limited is located in Mumbai, India. It is a technology consulting company and digital solution provider having over 250 clients globally. The company provides its products and services in more than 27 countries through 43 sales offices worldwide. The company is specialized in the manufacture of construction and mining equipment. The four major segments of L&T are engineering & construction, cement, electrical & electronics, and diversified business. Moreover, the company offers its products and services to industries such as banking & financial services, energy & utilities, retail, hi-tech, healthcare, media & entertainment, and manufacturing.

Siemens AG

Incorporated in 1847, Siemens AG is located in Munich, Germany. Siemens AG is one of the leading global developers of resource-saving and energy-efficient technologies. The company is especially focused on the areas of automation, electrification, and digitization. It is the world’s leading supplier for the oil & gas industry and distributed power generation. It primarily operates through nine business segments: power & gas, energy management, building technologies, mobility, digital factory, process industries & drives, Healthineers, Siemens Gamesa Renewable Energy, and Siemens Financial Services (SFS).

Other prominent players operating in the global toolroom machine (machine tools) market are Dalian Machine Tool Group Corporation, Allied Machine & Engineering Corporation, ANCA Pty Ltd., DANOBAT Group, Delapena Group, Doosan Machine Tools Co., Ltd., FANUC Corporation, Junker Group, JTEKT Corporation, Kellenberger & Co. AG, Komatsu Ltd., Korber AG, Koyo Machinery, Okuma Corporation, Schuler Group, Shenyang Group, Toyoda Americas, and WMW Machinery.

Global Toolroom Machine (Machine Tools) Market: Dynamics

Increasing Demand for Machine Tools from Industrial Sector Driving Demand for Toolroom Machine (Machine Tools)

The increasing automation in the industrial sector is projected to be a major factor driving the global toolroom machine (machine tools) market in the near future. Additionally, rise in improvements in the manufacturing process, in terms of product quality and efficiency, led by globalization has resulted in the implementation of automated technologies in toolroom machines that are utilized in manufacturing processes. Furthermore, emergence of electric vehicles is anticipated to boost the global market for toolroom machine (machine tools) during the forecast period. Moreover, increasing penetration of computer numerical control (CNC) machines is another key factor expected to boost the demand for toolroom machine (machine tools) across the world in the next few years. The global toolroom machine (machine tools) market is fragmented, with the presence of a large number of international as well as regional players. This has ensured a competitive environment for the market players.

High Costs of Machine Tools to Hamper the Global Toolroom Machine (Machine Tools) Market

High costs has been identified as a prominent challenge in the commercialization of toolroom machine (machine tools) in the consumer application, as the cost of production is also high. This factor is likely to hinder the global market in the near future. Lack of standards and design complexity are other factors hampering the market.

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Global Toolroom Machine (Machine Tools) Market: Segmentation

In terms of control type, the global toolroom machine (machine tools) market can be segmented into:

  • Conventional Machines
  • Computer Numerical Control (CNC) Machines

Based on tool type, the global toolroom machine (machine tools) market can be divided into:

  • Metal Cutting Tools
  • Metal Forming Machines

In terms of industry, the global toolroom machine (machine tools) market can be classified into:

  • Automotive
  • Aerospace & Defense
  • Machine Tools & Parts Manufacturing
  • Electrical & Electronics Manufacturing
  • Shipbuilding
  • Consumer Goods
  • Others (Construction, Mining)

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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