The report discusses the market projections and a comprehensive breakdown of the machine tools market in Japan by technology (NC and conventional) and by product (physico-chemical process machines, machining centers, turning machines, grinding machines, and others). The top vendors included in the report are Amada Machine Tools, JTEKT, Komatsu, and Yamazaki Mazak.
Technavio has released its new market research report, machine tools market in Japan, which is expected to grow at a CAGR of more than 6% between 2015 and 2019. The machine tools industry in Japan is mainly export oriented, hence it is highly dependent upon the performance of other economies.
“Of late, several machine tool manufacturing companies are incorporating 3D printing technology in their machine tools. These machines are expected to find applications in commercial, aerospace and defense, automotive, healthcare, and consumer products, or retail industries for modelling and prototyping, and manufacturing of low volume replacement parts. For instance, the INTEGREX i-400AM is a hybrid multitasking metal 3D printer that includes the features of machine tools like high accuracy and precise surface finish,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
The machine tools market in Japan is highly dependent on exports because 81% of machine tools produced in the country is exported to other regions. The declining Yen value has led to increased profits for Japanese firms that are having their operations outside the country. It has led to their increased investments in expanding and building new production capacities, resulting in higher demand for machine tools. NC machine tools dominate the machine tools market in Japan, covering around 90% of the overall market. The remarkable growth of this segment is because NC machine tools are used in a wide range of operations like drafting, inspection, assembly, and sheet metal working.
The key vendors in the machine tools market in Japan include Amada Machine Tools, JTEKT, Komatsu, and Yamazaki Mazak. The manufacturers in Japan are receiving robust competition from manufactures in China in terms of production. Therefore, manufacturers in Japan are developing technologically advanced machine tools to withstand the competition.
A more detailed analysis is available in the Technavio report, Machine Tools Market in Japan 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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