The Business Research Company’s Metalworking Machinery Global Market Report 2021 : COVID-19 Impact And Recovery
LONDON, GREATER LONDON , UK, September 28, 2021 /EINPresswire.com/ — According to the 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 the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial 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 investments in the end user markets, thereby driving the market during forecast period.
Request For A Sample For The Global Metalworking Machinery Market Report:
The metal working machinery market consists of sales of metal working machinery by entities (organizations, sole traders and partnerships) that produce machines such as cutting tools, metal cutting and metal forming machine tools, metalworking machinery accessories, rolling mill machinery, assembly machinery, fabricating machines, industrial molds, conversion or straightening equipment, special dies, tools, jigs, and fixtures.
Trends In The Global Metalworking Machinery Market
Machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both the ends of the fixture. This offers high quality products while minimizing errors. CNC milling helps in short-run production of complex parts and fabrication of unique precision components. Major 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 based on 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 Machinery, Cutting Tool And Machine Tool Accessory
By Application: Automotive, Manufacturing, Others
By Capacity: Small, Medium, Large
Subsegments Covered: Dies, Stamping and Other Tools, Jigs and fixtures, Metal Cutting Tools, Metal Forming Tools, Metal Molds, Other Material Molds, Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery, Metalworking Knives And Bits, Measuring Attachments, Metalworking Drill Bits, Machine Tool Taps And Dies
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 in the global metalworking machinery market.
Read More On The Report For The Global Metalworking Machinery Market At:
Metalworking Machinery Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides metalworking machinery global market overviews, analyzes and forecasts market size and growth for the global metalworking machinery market, metalworking machinery global market share, metalworking machinery global market players, metalworking machinery market segments and geographies, metalworking machinery market’s leading competitors’ revenues, profiles and market shares. The metalworking machinery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Metalworking Machinery Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Metalworking Machinery Market Organizations Covered: TRUMPF Group; Amada Co Ltd; Kennametal Inc; Komatsu Ltd; Okuma Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Get a quick glimpse of our services here:
Here is a list of reports from The Business Research Company similar to the Metalworking Machinery Global Market Report 2021:
Cutting Tool And Machine Tool Accessory Global Market Report 2021 – By Type (Metalworking Knives And Bits, Measuring Attachments, Metalworking Drill Bits, Machine Tool Taps And Dies), By Application (Automotive, Manufacturing), COVID-19 Impact And Recovery
Industrial Mold Global Market Report 2021 – By Type (Metal Molds), By Application (Manufacturing, Automotive), COVID-19 Impact And Recovery
Rolling Mill And Other Metalworking Machinery Global Market Report 2021 – By Type (Wire Drawing And Fabricating Machinery, Coil Winding And Cutting Machinery, Rolling Mill Machines), By Application (Metal Manufacturing, Machinery And Equipment, Automotive), COVID-19 Impact And Recovery
Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293