This market research report includes a detailed segmentation of the global metal forming machine tools market by application (automotive, general machinery, transport machinery, precision engineering, building and construction, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are DMG Mori Seiki Aktiengesellschaft, Fagor Arrasate, Magna International, Schuler, and Weiss-Aug Company
Technavio’s market research analysts estimate the global metal forming machine tools market to grow at a CAGR of 4% between 2016 and 2020. Rise in manufacturing industries have boosted the demand for metal forming machine tools for its core activities. Industrial activities in APAC countries, especially China, India, and Japan have witnessed a significant rise in manufacturing and construction activities and it is expected to be a driving force for the growth of this market during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the machine tools segments by technology.
“This market is expected to witness growing demand for computer numerical control (CNC) metal forming machines tools. The rising need for automation in the manufacturing of metal forming machine tools will accelerate the shift from conventional, manually controlled machines to CNC machines that operate using programmed commands and computers. Also, they allow operators to monitor numerous machines at a time from a single location,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
Metal forming machine tools are essential for manufacturing various metal components in the automotive industry. The automotive industry dominates this market, occupying around 44% of the overall market share. Growing production of automobiles in countries such as the US, China, Japan, and Germany has surged the need for metal forming machine tools.
The key vendors in the global metal forming machine tools market include DMG Mori Seiki Aktiengesellschaft, Fagor Arrasate, Magna International, Schuler, and Weiss-Aug Company. The market is highly fragmented, with the presence of several vendors worldwide. The market is characterized by the presence of well-diversified international, regional, and local vendors.
A more detailed analysis is available in the Technavio report, Global Metal Forming Machine Tools Market 2016-2020.
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