Introduction of technologically advanced products to intensify competition among vendors
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global sheet metal equipment market in their latest research report. This report also lists 13 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of sheet metal equipment through various sales channels at retail price.
This Technavio report, under the tools and components vertical, is based on the synthesis, analysis, and interpretation of information about the global sheet metal equipment market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for sheet metal equipment is fragmented in nature owing to the presence of numerous vendors in the market space. The market is also highly competitive in nature. Apart from top vendors, many regional and local vendors also manufacture customized and energy-efficient equipment. This creates tough competition for their international counterparts in terms of the cost. Although the market is unsaturated with the presence of many new vendors, it is difficult for them to compete with their international counterparts in terms of quality, features, functionalities, and services. The introduction of products with new features and technologies is expected to intensify the competition in the global sheet metal equipment during the forecast period.
“Advanced CNC tools and machining centers are prompting manufacturers to develop new milling tools that are more capable and universal as opposed to conventional milling tools, which are designed for specific applications. Milling tools used in CNC machines are required to comply with ISO standards. However, this mandate restricts the development of milling tools and other inserts used in the machine. This is because ISO codes predefine attributes such as shape, thickness, and size of the cutting inserts and also defines the holding cartridge and clamp size,” says Anju Ajaykumar, a lead analyst at Technavio for research on tools and components.
Top five vendors in the sheet metal equipment market space
Amada
Amanda engages in the manufacture, sales, lease, repair, and maintenance of plate products and press products. The company operates its business through various segments which include metal processing machines and metal worked machines among others. The metal processing machinery segment of Amanda offers various products including laser machines, punch and laser combined processing machines, NC turret punch press, press brakes, shirring, bending robots, plate processing system line, factory automation computers and software, and others. The metal machine tool segment manufactures and sells cutting machine tools. The company operates across geographical regions including Japan, North America, Europe, Asia, and others.
Key products: HD NT series, HG series, EG series, HFE II series, HFE 3i, HD series, and HD-ATC.
TRUMPF
Trumpf manufactures machine tools with emphasis on the production and medical technology. The company produces machine tools for sheet metal and material processing. The company operates through various divisions which include machine tools, laser technology, power tools, electronics, and medical technology. Trumpf produces sheet metals for industrial, transportation, household, and healthcare sectors. The company has production facilities in Germany, Austria, France, Switzerland, the US, and Taiwan.
Key products: TruBend series 3000, TruBend series 5000, TruBend series 7000, and TruBend series 8000.
U.S. Industrial Machinery
U.S. Industrial Machinery specializes in the distribution of high-quality metal working machinery. All machines offered by U.S. Industrial Machinery carry a one-year warranty on parts and labor. The company offers various products including lathes, mills, brakes, shears, rolls, ironworkers, radial drills, and others. The company’s end users include various Fortune 500 companies, NASA, and several others.
Key products: BF508 body composition monitor, BF-212 body composition monitor.
Dalian Machine Tool Group (DMTG)
DMTG manufacturers and markets products such as flexible production lines, bridge type machining centers, machining centers, CNC milling and boring centers, and CNC milling machines. The company also manufactures microelectronics and auto parts. DMTG markets its products in various countries worldwide through its international distribution and service network, and sales agents. The company holds 173 new patents, 168 proprietary intellectual properties (IPs), and offers more than 640 kinds of new, advanced products for its markets across 100 countries, including Africa, CIS, Europe, Latin America, the Middle East, North America, Oceania, and Southeast Asia.
Key products: HDR, MHD, CKE, CL, VDR, VDL, VDF vertical CNC, and DL.
DMG Mori
DMG Mori offers machine tools and industrial service and manufactures innovative high-tech machines, software, and other energy solutions. The company operates 154 sales and service locations in 34 countries across the globe. Geographically, the company categorizes its business operations into five areas – Germany, the EU (excluding Germany), the US, Asia, and ROW.
Key products: DMU eVo, DMU monoBLOCK, DMU P duoBLOCK, DMU P Portal, DMU FD duoBLOCK, DMU FD Portal, and NMV.
Other prominent vendors in this market include Allied Machine & Engineering, Byjc-Okuma (Beijing) Machine Tools, Doosan Infracore, Fair Friend Group, FANUC, GF Machining Solutions, Haas Automation, Hardinge, JTEKT, Kennametal, Komatsu, Makino Milling Machine, and Sandvik.
A more detailed analysis is available in the Technavio report, ‘Global Sheet Metal Equipment Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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