Showing posts with label Machine Tool Industry in Europe. Show all posts
Showing posts with label Machine Tool Industry in Europe. Show all posts

Friday, September 6, 2019

Europe Machine Tools Demand Driven by Inter EU trade, Recovery of Manufacturing in Italy and Germany, Growing Demand from Non European Countries: Ken Research

“Enhanced focus on precision and machining quality of European machine tools have successfully driven the demand for European manufactured machine tools even with a higher price tag as compared to a similar machine in the same category”
Analysts at Ken Research in their the 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 the introduction of new technology and growing demand from Eastern European Countries will have a 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 the European machine tools market will register a five-year CAGR of 6.8% during the period 2018-2023.
Europe Machine Tool Market
Add caption
Market Structure and Size: 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. 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.
Rise of Italian Machine Tools Market: Machine tool market is on a constant increase in Italy registering a five-year CAGR of 23.6% during 2013-2018. The growth was largely driven by increased production and imports. Robotic machinery is in high demand accounting for 15-20% of the total machine tools sales.
High Cost of Manufacturing: Europe has very well defined laws governing labor market. Machine tools being traditional industries still have labor unions which regularly negotiate various salaries and associated benefits for people working in the industry. The minimum wages are much higher compared to China and India, even in Europe; it is much lower in Eastern Europe as compared to Western Europe. Majority of the components are to be imported from other countries due to a decline in associated industries and local manufacturing. The manufacturing sector is hit across the world. Decline was registered in Europe across many important machine tools user industries such as Automobile and construction (especially Germany).
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
Keywords:-
For More Information, Refer To Below Link:-
Related Reports like Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Wednesday, September 4, 2019

Europe Machine Tool Market Outlook to 2023: Ken Research

The report titled 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)” provides comprehensive information on the 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).
Europe Machine Tool Market

The report also covers value chain analysis, competitive landscape, trends and developments, issues and challenges, detailed snapshot on demand for machine tools in Germany, France, Switzerland and Italy. The report concludes with the future outlook of Europe machine tools market and certain recommendations highlighting the success factors for entering and expanding the market.
Europe Machine Tools Market Size and Overview
Europe Machine tools market is in the mature stage and has been the market leader for centuries before the shift happened to Japan and the US market. Chinese products are gaining market due to their competitive pricing. The European market has registered growth in the last five years registering a positive CAGR 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.
Europe Machine Tool Market Segmentation
By Type of Machine: Cutting machine tools largely dominated the market accounting for more than one-third of the total consumption by revenue in 2018. CNC based cutting machine tools accounted for the majority of the sales in the European the market as all new investments are targeted at automation and numerical control due to its better precision and efficiency in terms of energy and metal removal. Forming tools are used in wire manufacturing which accounts for the majority of the sales in the electric industry.
By Type of End Users: Automobile industry is the largest consumer segment for machine tools in the European market. 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 a rise in the number of SMEs. Electric and Electronic product manufacturing units and Aerospace are other major end-users of machine tools accounting.
By Sales Channel: Standard machines are widely used by SMEs and distributors act as a source for supplying these materials. Germany, Spain, and Italy have a much higher number of machine tool distributors 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. Limited expansion of new manufacturing capacity is the key reason for low demand from direct selling.
Snapshot on Major Countries
Italy: Machine tool market is on a constant increase in Italy. The growth was largely driven by increased production and imports along with increased domestic consumption. Robotic machinery is in high demand accounting for 15-20% of the total machine tools sales.
France: The market has largely remained positive except 2014 when a decline was registered. CICE Tax credit system was introduced in 2012 to the manufacturers and other entities paying corporate tax in France. Value added by manufacturing accounted for 11.1% of Gross Value Added (GVA) in 2018. The French government launched the ‘Industrie du Futur’ initiative in 2015 to take advantage of Industry 4.0 initiative in the EU.
Germany: Germany is the largest machine tool market in the entire European region both in terms of domestic consumption and production. The market is in a mature stage and is largely driven by the acceptance of innovative technology. Japan and the US are strong competitive markets giving tough competition to Germany made machine tools.
Switzerland: The domestic consumption of machine tools is on the decline in the country. The decline was highest in 2016 due to poor domestic production and reduced imports. Starrag and Chiron are among the two major machine tool companies operating in Switzerland. Other than this there were many international players having their offices in Switzerland.
Future Outlook to Machine Tool Market in Europe
Machine tools market in Europe is expected to register a decline in growth due to poor manufacturing scenario. The sustainability in demand will be largely from the industry to adopt Industry 4.0 goals. Setup of new manufacturing locations in Eastern Europe and the promotion of domestic SMEs in the Western Europe region will drive some demand, especially for a single machine.
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:-
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, Refer To Below Link:-
Related Reports like Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249