Global Metal Machining Market Market 2024-2028

Global Metal Machining Market 2024-2028

The metal machining market is forecasted to grow by USD 18.43 bn during 2023-2028, accelerating at a CAGR of 4.03% during the forecast period. The 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for metal machining in the oil and gas industry, expansion of production facilities for metal machining, and rise in investment in infrastructure projects.

Technavio's metal machining market is segmented as below:

By Application

• Automotive
• Construction
• Aerospace
• Others

By Type

• Laser cutting machine
• Plasma cutting machine
• Flame cutting machine
• Waterjet cutting machines

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the growing adoption of automation in metal machining as one of the prime reasons driving the metal machining market growth during the next few years. Also, the integration of IoT into industrial machinery and the emergence of 3D printing in manufacturing will lead to sizable demand in the market.

The report on the metal machining market covers the following areas:

• Metal machining market sizing
• Metal machining market forecast
• Metal machining market industry analysis

The 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., DN Solutions Co. Ltd., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jet Edge Inc., JTEKT Corp., Matsu Manufacturing Inc., Messer Cutting Systems Inc., Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF SE Co. KG, Yamazaki Mazak Corp., FANUC UK Ltd, Mayville Engineering Co. Inc., and Jenoptik AG. 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.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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 research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.