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Metalworking Machinery Market Report 2023: Size, Share, Growth, Competitive Analysis And Forecast To 2032
Metalworking Machinery Market
The Business Research Company's Metalworking Machinery Global Market Report 2023 identifies The increasing demand from the automotive industry is expected to propel the growth of the metalworking machinery market going forward. The automotive industry is a major consumer of metalworking machinery, including machine tools, welding equipment, and cutting tools. The demand for metalworking machinery is driven by the need for precision and efficiency in the manufacturing process of automotive components.
The metalworking machinery market size has grown strongly in recent years. It will grow from $266.84 billion in 2023 to $286.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to industrialization, global trade and export, automotive industry growth, infrastructure development. the metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $375.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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Major companies operating in the metalworking machinery market include Sandvik AB, Berkshire Hathaway Inc., TRUMPF Group, Mitsubishi Heavy Industries Ltd., Amada Co. Ltd., Toyota Tsusho, Colfax Corporation, Fanuc Corp, Okuma Corporation, Taiyo Nippon Sanso Corporation, Caterpillar Inc., Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Atlas Copco AB, Kennametal Inc., Hardinge Inc., DMG Mori Co. Ltd., Makino Milling Machine Co. Ltd., Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., Fives Group, Gleason Corporation, Haas Automation Inc., Hurco Companies Inc., Mori Seiki Co. Ltd., Nakamura-Tome Precision Industry Co. Ltd., Okamoto Corporation, Schuler AG, Shenyang Machine Tool Co. Ltd.
Machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools such as lathes, mills, routers, and grinders.
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The Metalworking Machinery market is segmented -
1) 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
2) By Capacity: Small, Medium, Large
3) By Application: Automotive, Manufacturing, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Metalworking Machinery market.
The Business Research Company's "Global Metalworking Machinery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Metalworking Machinery Market Include:
1. Executive Summary
2. Metalworking Machinery Market Characteristics
3. Metalworking Machinery Market Trends And Strategies
4. Metalworking Machinery Market - Macro Economic Scenario
5. Global Metalworking Machinery Market Size and Growth
........
32. Global Metalworking Machinery Market Competitive Benchmarking
33. Global Metalworking Machinery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Metalworking Machinery Market
35. Metalworking Machinery Market Future Outlook and Potential Analysis
36. Appendix
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