Disc Tool Magazine and Chain Tool Magazine Market Set to Surge - Key Insights You Must Know

Disc Tool Magazine and Chain Tool Magazine Market Size

The global market for Disc Tool Magazine and Chain Tool Magazine was valued at US$ 572 million in the year 2024 and is projected to reach a revised size of US$ 1009 million by 2031, growing at a CAGR of 8.6% during the forecast period.

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The disc tool magazine is mainly used for turning parts with hole locations or complex shapes (such as shafts, gears, etc.) in various high-precision, small-sized and hard-to-reach areas. It sets the cutting time and feed amount of each milling cutter through the computer program by the CNC system, and runs automatically after being programmed into the processing program. The chain tool magazine is a type of tool magazine in CNC machine tools. It is also called a tool magazine car. It is an automatic tool changing equipment matched with CNC machine tools. It connects each tool position through a chain, uses a motor to control the chain transmission, and automatically completes tool replacement. The main part of the chain tool magazine is composed of the frame, chain plate and motor. In addition, compared with the disc tool magazine, the chain tool magazine has the advantage of large tool capacity. However, the chain structure of the traditional chain tool magazine results in poor mechanical rigidity and large transmission clearance, resulting in poor positioning accuracy of the tool magazine. In order to improve the positioning accuracy, a complex detection and control circuit is required to achieve fast and accurate positioning.

The downstream customers of the tool magazine industry are mainly various machine tool manufacturers. The machine tool industry has obvious cyclical characteristics and is currently in the bottoming out and recovery stage. The general product life of machine tools is about 10 years, so the industry has a business cycle approximately every 7-10 years. Historically, the global consumption scale in 1983, 1993, 2003, and 2013 were all periodic lows. From the perspective of the 10-year cycle, the total global machine tool consumption in 2020 was US$66.817 billion, and China"s machine tool consumption was US$21.316 billion, the lowest level in the past 10 years. China and the global market will begin to recover in 2021, and machine tool consumption will increase significantly in 2021 , with year-on-year growth of 19.73% and 31.46% respectively, and are still in the bottom recovery stage. After China"s machine tool consumption fell to a low of 27.16% in 2019, it has steadily increased in the past two years, reaching 35% in 2021.

This report aims to provide a comprehensive presentation of the global market for Disc Tool Magazine and Chain Tool Magazine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Disc Tool Magazine and Chain Tool Magazine.

The Disc Tool Magazine and Chain Tool Magazine market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Disc Tool Magazine and Chain Tool Magazine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Disc Tool Magazine and Chain Tool Magazine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Chain Tool Magazine
• Disc Tool Magazine

By Application
• Mechanical
• Electronic
• Automotive

Key Companies
Okada Precision Machinery Danyang Co., Ltd, Gifu Enterprise Co., Ltd, Deda Machinery (Kunshan) Co.,Ltd., Jiangsu Desu Machinery Co., Ltd., BURKHARDT+WEBER, Sanjet, POJU, TE-SHIN CAM, LVD, ktc GmbH, KBH Production Automation, Deta International Co., Ltd.

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