Press release
Metalworking Machinery Global Market By Type, By Application, By Accessories, Distribution Channel, Opportunity Analysis and Industry Forecast, 2023-2032 | Sandvik AB, TRUMPF Group, Amada Co. Ltd., Toyota Tsusho, Colfax Corporation
As per the metalworking machinery market report by The Business Research Company, the metal working machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021.
The global metalworking machinery market grew from $252.93 billion in 2022 to $271.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The metalworking machinery market is expected to grow to $346.97 billion in 2027 at a CAGR of 6.3%.
Read More On The Metalworking Machinery Report Here: https://www.thebusinessresearchcompany.com/report/metalworking-machinery-global-market-report
Major competitors in the metalworking machinery include Sandvik AB, Berkshire Hathaway Inc., TRUMPF Group, Mitsubishi Heavy Industries Ltd., Amada Co. Ltd., Toyota Tsusho, Colfax Corporation, Fanuc Corp, Okuma Corporation, and Taiyo Nippon Sanso Corporation.
The metalworking machinery are segmented -
• By Type: Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory
• By Capacity: Small, Medium, Large
• By Application: Automotive, Manufacturing, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the Metalworking machinery.
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The metal working machinery refers to machines that work by electricity for performing different actions on metals including sanding, knurling, drilling, boring, facing, threading as well as turning. Metalwork is defined as a process of working with metals in order to create individual parts, assemblies, and large structures.
The Table of Content for The Metalworking Machinery Include:
1. Executive Summary
2. Report Structure
3. Metalworking Machinery Market Characteristics
4. Metalworking Machinery Market Product Analysis
5. Metalworking Machinery Market Supply Chain
.....
22. Key Mergers And Acquisitions In The Metalworking Machinery Market
23. Market Background: Machinery Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Metalworking Machinery Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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