Global Metal Machining Market 2022-2026
Technavio has been monitoring the metal machining market and it is poised to grow by $13.52 bn during 2022-2026, accelerating at a CAGR of 3.24% during the forecast period. Our report on the metal machining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing adoption of automation to leverage profitability, expansion of production facilities, and growing demand in the oil and gas industry.
The metal machining market analysis includes the end-user segment and geographic landscape.
Technavio's metal machining market is segmented as below:
By End-user
- Automotive
- Construction
- Aerospace
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing focus on IoT as one of the prime reasons driving the metal machining market growth during the next few years. Also, the emergence of three-dimensional (3D) printing in manufacturing and the growing adoption of automation to leverage profitability will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the metal machining market covers the following areas:
- Metal machining market sizing
- Metal machining market forecast
- Metal machining market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading metal machining market vendors that include AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co Ltd, FANUC Corp., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jet Edge Inc., JTEKT Corp., Matcor Matsu Group Inc., Mayville Engineering Co. Inc., Messer Cutting Systems Inc, Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF GmbH Co. KG, Yamazaki Mazak Corp., and DN Solutions Co. Ltd. Also, the metal machining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.