Showing posts with label Machine Tools Market in Europe. Show all posts
Showing posts with label Machine Tools Market in Europe. Show all posts

Friday, January 31, 2020

Europe Machine Tools Market will be Driven by Modernization of Existing Industries in Western Europe and New Manufacturing Facilities in Eastern Europe: Ken Research

Europe Machine Tool Market by Type of Cutting Tools (Machining Centres and Flexible machines, Turning Machine, Laser and electric discharge machine, Milling machines, Grinding, honing, lapping and polishing machines, Transfer machines, Gear cutting and finishing machines, Drilling machines, boring machines, and boring-milling machines, Sawing and cutting-off machines), by Forming tools (Forging machines and hammers (including presses), Wire working machines, Bending, folding and straightening machines, Shearing, punching, notching machines), by end-users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and Electronics, and Others) and by sales Channel (Distributor and Direct)
  • Italy is expected to register the highest growth among the top three largest Machine tool markets in Europe. It will be driven by high domestic demand and production in the economy.
  • Domestic production in Europe is expected to improve but will be largely driven by demand for exports within and outside Europe.
  • Germany may lose its position as the largest market for machine tools in Europe to Italy.
Expected Market Growth and Structure: The machine tools market in Europe is expected to register a decline in growth rate due to poor manufacturing scenarios. The impact of Brexit and tension related to trade between the US and China is expected to die down in view of the larger interest of the global economy creating a positive business environment suitable for promotion in the growth of manufacturing and demand for machine tools. The market is in a matured stage in the majority of the western European countries which were once the manufacturing hubs of Europe.
Europe Machine Tools Market
Role of Intelligent Automation, AI and Big Data: Investment in associated sectors such as AI, IoT, Cloud Computing, automation and their integration in machine tools will enhance the competitiveness of European machine tools companies. The development of additive technology is the major area where many European machine tool companies have enhanced their focus. European machine tools manufacturing units have a very strong focus on R&D and continuously adopt these developments in their product portfolio.
Improving Demand in Eastern European Countries: Western European factories rely on a reputation built on past success, most Eastern European factories are offering similar or advanced high standards. Eastern European countries offer many incentives to attract foreign investment and encourage companies to build new factories. High ethics standard and better compliance to standard laws among the Eastern European nation is the key factor of choice over Asian countries.
Analysts at Ken Research in their latest publication “Europe Machine Tool Market Outlook to 2023 by Type of Machine (Cutting and Forming), By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and Electronics, and Others) and by Sales Channel (Distributor and Direct)” expect that with introduction of new technology and growing demand from Eastern European Countries will have positive impact on the market. The focus on the development of high precision and intelligent machines will drive the demand for European manufactured machine tools. It is expected that European machine tools market will register a five year CAGR of 6.8% during the period 2018-2023.
Key Segments Covered:-
By Type of Machine Tools
Cutting Machine Tool
Forming Machine Tool
By End Users
Automobile Industry
Aerospace
Energy
Engineering
Electrical and Electronics
Others
By Sales Channel
Direct Sales
Distributor Sales
By Country
Germany
France
Italy
Switzerland
Time Period Captured in the Report:
Historical Period – 2013-2018
Forecast Period – 2019-2023
Key Companies Covered:-
Trumpf
DMG Mori Aktiengesellschaft
Schuler
Mazak
Gregory Fischer Machining Solution
Amada
Komatsu
Sandvik
Gleason
Flow International
EMAG
600 Groups
Heller
Chiron
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Value Chain in Europe Machine Tool Market
Europe Machine Tool Market Size, 2013-2018
Europe Machine Tool Market Segmentation, 2013-2018
Snapshot on Germany Machine Tool Market
Snapshot on Italy Machine Tool Market
Snapshot on France Machine Tool Market
Snapshot on Switzerland Machine Tool Market
Trends and Developments in Europe Machine Tool Market
Issues and Challenges in Europe Machine Tool Market
Competitive Landscape in Europe Machine Tool Market
Europe Machine Tool Market Future Outlook and Projections, 2019-2023
Analyst Recommendations in Europe Machine Tool Market
For more information on the market research report please refers to the link below:-
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Vietnam Pumps Market in terms of revenue has increased at a positive double digit CAGR during the period 2013-2018. Currently, the market is at growing stage, with few major companies operating in this space which has provided manufacturers the freedom to decide pricing patterns for various centrifugal and positive displacement pumps. End customers had mainly focused on important parameters such as quality, efficiency and after sales service of pumps rather than price while purchasing pumps. The increasing demand for Water filtration projects and new industrial Manufacturing units led to an increase in sales of Pumps in Vietnam. Global players started entering the market through 100.0% owned subsidiaries, some even stared Manufacturing Plants such as Ebara in the year 2013.
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Monday, September 16, 2019

Europe Machine Tools Market Analysis and Forecast: Ken Research

How European Machine Tool Market Is Positioned In Europe?
Europe Machine tools market is in the matured stage and has been the market leader for centuries before the shift happened to Japan and the US market. The European market has registered growth in the last five years registering a CAGR of ~% during the period. Growth was mainly driven by demand from Italian and German-made products which are in high demand across the European and global market. Switzerland and Spain are other significant countries which have focused on the export of machine tools. The revenue generated from domestic consumption in the European market increased from USD ~ billion in 2013 to USD ~ billion in 2018.
Europe Machine Tools Market
Forming tools are used in wire manufacturing which accounts for the majority of the sales in the electric industry. Forging and machining hammers which are extensively used in manufacturing many tools and components that may be exposed to strain and impact are among the most demanded to form machine tool in the European region. Italy registered the highest growth rate and was largely driven by increased production and imports. Robotic machinery is in high demand accounting for ~% of the total machine tools sales.
Germany is the largest machine tool market in the entire European region both in terms of domestic consumption and production. The domestic consumption of machine tools increased from USD ~ million in 2013 to USD ~ million in 2018 registering a five-year CAGR of ~%.
Domestic manufacturing in Germany has slowed down and the trend is expected to remain the same for the next few years before the recovery may take place. Machine tools market in Europe is expected to register a decline in growth rate due to poor manufacturing scenario. It is expected to increase from USD 22.8 billion in 2018 to USD ~ billion in 2023.
Europe Machine Tool Market Segmentation
By Type of Machine: Cutting machine tools largely dominated the market accounting for ~% of the total consumption by revenue in 2018. Together these machines generated an estimated revenue of USD ~ billion in 2018. Forging and machining hammers which are extensively used in manufacturing many tools and components that may be exposed to strain and impact accounted for USD 6.4 billion in sales during 2018 in the European market.
By Direct and Distributor Sales:  Standard machines are widely used by SMEs and distributors act as a source for supplying these materials. The distributors also act as a contact center for after-sales service and repairs. Germany, Spain, Italy has a much higher number of machine tool distributor as compared to other countries. Eastern European countries have very few distributors of machine tools as industrial development is concentrated into few towns and cities. Together distributors accounted for 80% of the machine tool sales. Direct selling is only executed in case of large project sales or certain specific customization.
By Type of End Users: Automobile industry is the largest consumer segment for machine tools in the European market contributing revenue of USD 8.0 billion in 2018. Investments in setting up and modification of existing manufacturing units to manufacture electric and hybrid vehicles has driven the demand for efficient machine tools in the region. Metalworking is the largest sector contributing to the engineering segment. It is expected to register significant growth in the years to come due to the rise in the number of SMEs. Engineering segment contributed USD 3.7 billion in 2018. Electric and Electronic product manufacturing units and Aerospace are other major end-users of machine tools accounting for USD 2.5 billion and USD 2.7 billion respectively in terms of revenue.
Snapshot on Germany Machine Tool Market Segmentation
Market Size: The domestic consumption of machine tools increased from USD ~ million in 2013 to USD ~ million in 2018 registering a five-year CAGR of ~%.
By Type of Machine: Metal cutting machine is in high demand across Germany. Strong focus on the automobile industry, electric equipment, shipbuilding, high precision equipment is some key industries driving the demand for both cutting and forming tools. Metal Cutting contributed USD ~ million and Metal Forming contributed USD ~ million in 2018.
Segmentation Region: Northern part of Germany is the largest consumer of machine tools in the country. Schleswig-Holstein, Mecklenburg-Vorpommern, Lower Saxony Hamburg, and Bremen are major cities in the northern part of Germany. North Germany contributed USD ~ million and Western Germany contributed USD ~ million.
By Type of End UsersAutomobile industry of Germany is among the strongest in Europe. They account for the majority of the production of passenger cars in the region contributing USD 3,474.0 million. The aerospace industry in Germany was estimated at Euro 40 billion in 2018 is expected to grow at a fast rate considering the strong manufacturing base and availability of relevant resources for future growth. In 2018, it contributed USD 772.0 million. The demand for machine tools in the Energy segment contributed USD 1,158.0 million.
Future Projection
Poor domestic demand is the key reason for such slow growth. It is expected to increase from USD 7,720.0 million in 2018 to USD 8,404.5 million in 2023 registering a five-year CAGR of 1.6%.
What Is The Future Of Machine Tools Market In Europe?
Machine tools market in Europe is expected to register a decline in growth rate due to poor manufacturing scenario. Project sales will below. Many mergers and acquisitions are expected in the near future to gain technology and economies of scale. Technology companies may partner with existing manufacturers who can utilize their manufacturing capacity to integrate the technology. Impact of Brexit and tension between the Donald Trump administration and China is expected to die down in view of larger interest of the global economy creating a positive business environment suitable for promotion in the growth of manufacturing and demand for machine tools. It is expected to increase from USD ~ billion in 2018 to more than USD 31 billion in 2023.
Key Segments Covered:-
By Type of Machine Tools
Cutting Machine Tool  (Machining Centres and Flexible machines, Turning Machine, Laser and electric discharge machine, Milling machines, Grinding, honing, lapping and polishing machines, Transfer machines, Gear cutting and finishing machines, Drilling machines, boring machines, and boring-milling machines, Sawing and cutting-off machines)
Forming Machine Tool (Forging machines and hammers including presses, Wire working machines, bending, folding and straightening machines, shearing, punching, notching machines)
By End Users
Automobile Industry
Aerospace
Energy
Engineering
Electrical and Electronics
Others
By Sales Channel
Direct Sales
Distributor Sales
By Country
Germany
France
Italy
Switzerland
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023
Key Companies Covered:-
Trumpf
DMG Mori Aktiengesellschaft
Schuler
Mazak
Gregory Fischer Machining Solution
Amada
Komatsu
Sandvik
Gleason
Flow International
EMAG
600 Groups
Heller
Chiron
Key Topics Covered in the Report:-
Switzerland Machine Tools market
Electrical Engineering machine Tools market Europe
Aerospace Machine Tools market Europe
Europe Machine Tools market in Energy Sector
Italy Machine Tools Industry
Switzerland Machine Tools Industry
Germany Wire and Cable Industry
Automobile Industry in Europe
Europe Aviation Aircraft Manufacturing
Germany Metal Cutting Tools Market
Europe Machine Tools Domestic Sales in USD Million
European Machine Tools Industry
Italy Machine Tools market Share
Switzerland Machine Tools market Analysis
Germany Machine Tools market Outlook
Automobile Machine Tools market Europe
Engineering Machine Tools market Europe
Direct Sales Machine Tools Market in Europe
Dealers of Machine Tools Europe
For More Information, Refer To Below Link:-
Related Reports like Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249