The metalworking machinery industry include companies manufacturing machines such as cutting tools, metal cutting and metal forming machine tools, metalworking machinery accessories, rolling mill machinery, assembly machinery, fabricating machines, industrial molds, conversion or straightening equipment, special dies, tools, jigs, and fixtures.
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The global metalworking machinery manufacturing market has been growing in the past years with a CAGR of over 9%. The year 2017 recorded highest growth in this market with a net market value almost 50% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global metalworking machinery manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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New automation techniques and robotic solutions are used by metalworking machinery manufacturers to reduce downtime and increase productivity. Popular automation techniques include smart camera systems, intelligent control systems, shop floor monitoring systems, 3D vision technology, and robotic material handling systems. Robots allow faster assembling of complex components as compared to traditional machine manufacturing tools. Robots automate the milling, trimming, drilling, cutting and forming processes. Automation enables machine manufacturing companies to significantly increase production volumes with automation technologies, thereby decreasing production costs and increase profit margins.
Companies included in the report are TRUMPF Group, Amada Co., Ltd., Kennametal, Inc., Komatsu Ltd, and Okuma Corporation.
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