The report titled “Europe Machine Tool Market Outlook to
2023 - by Type of Machine (Cutting and Forming), By End Users (Automobile
Industry, Aerospace, Energy, Engineering, Electrical and Electronics and
Others) and by Sales Channel (Distributor and Direct)” provides comprehensive information on
the Europe Machine Tool Market by Type of Cutting Tools (Machining Centres and
Flexible machines, Turning Machine, Laser and electric discharge machine,
Milling machines, Grinding, honing, lapping and polishing machines, Transfer
machines, Gear cutting, and finishing machines, Drilling machines, boring
machines and boring-milling machines, Sawing and cutting-off machines), by
Forming tools (Forging machines and hammers (including presses), Wire working
machines, Bending, folding and straightening machines, Shearing, punching,
notching machines), by end users (Automobile Industry, Aerospace, Energy,
Engineering, Electrical and Electronics, and Others) and by sales Channel
(Distributor and Direct).
The report also covers value chain analysis,
competitive landscape, trends and developments, issues and challenges, detailed
snapshot on demand for machine tools in Germany, France, Switzerland and Italy.
The report concludes with future outlook of Europe machine tools market and
certain recommendations highlighting the success factors for entering and
expanding the market.
Europe Machine Tools Market Size and
Overview
Europe Machine Tool Market
Segmentation
By Type of Machine: Cutting machine tools largely dominated the market accounting for
more than one-third of the total consumption by revenue in 2018. CNC based
cutting machine tools accounted for the majority of the sales in the European the
market as all new investments are targeted at automation and numerical
control due to its better precision and efficiency in terms of energy and metal
removal. Forming tools are used in wire manufacturing which accounts for the majority of the sales in the electric
industry.
By Type of End Users: Automobile industry is the largest consumer segment for machine
tools in the European market. Investments in setting up and modification of existing manufacturing units
to manufacture electric and hybrid vehicles has driven the demand for efficient
machine tools in the region. Metalworking is the largest sector contributing to
the engineering segment. It is expected to register significant growth in the years to come due to
a rise in the number of SMEs. Electric and Electronic product manufacturing units and
Aerospace are other major end-users of machine tools accounting.
By Sales Channel: Standard machines are widely used by SMEs and distributors act as a source
for supplying these materials. Germany, Spain, and Italy have a much higher
number of machine tool distributors as compared to other countries. Eastern
European countries have very few distributors of machine tools as industrial
development is concentrated into few towns and cities. Limited expansion of new
manufacturing capacity is the key reason for low demand from direct selling.
Snapshot on Major Countries
Italy: Machine tool market is on a constant
increase in Italy. The growth was largely driven by increased production and
imports along with increased domestic consumption. Robotic machinery is in high
demand accounting for 15-20% of the total machine tools sales.
France: The market has largely remained positive except 2014 when a
decline was registered. CICE Tax credit system was introduced in 2012 to the manufacturers and
other entities paying corporate tax in France. Value added by manufacturing
accounted for 11.1% of Gross Value Added (GVA) in 2018. The French government
launched the ‘Industrie du Futur’ initiative in 2015 to take advantage of
Industry 4.0 initiative in the EU.
Germany: Germany is the largest machine tool market in the entire
European region both in terms of domestic consumption and production. The
market is in a mature stage and is largely driven by the acceptance of innovative technology. Japan and the US are
strong competitive markets giving tough competition to Germany made machine
tools.
Switzerland: The domestic consumption of machine tools is on the decline in
the country. The decline was highest in 2016 due to poor domestic production
and reduced imports. Starrag and Chiron are among the two major machine tool companies
operating in Switzerland. Other than this there were many international players
having their offices in Switzerland.
Future Outlook to Machine Tool Market
in Europe
Machine tools market in Europe is expected to register a decline in growth
due to poor manufacturing scenario. The sustainability in demand will be
largely from the industry to adopt Industry 4.0 goals. Setup of new
manufacturing locations in Eastern Europe, and promotion of domestic SMEs in the Western Europe region
will drive some demand especially for a single machine.
Key Segments Covered:-
By Type of Machine Tools
Cutting Machine Tool (Machining
Centres and Flexible machines, Turning Machine, Laser and electric discharge
machine, Milling machines, Grinding, honing, lapping and polishing machines,
Transfer machines, Gear cutting and finishing machines, Drilling machines,
boring machines and boring-milling machines, Sawing and cutting-off machines)
Forming Machine Tool (Forging machines and
hammers including presses, Wire working machines, bending, folding and
straightening machines, Shearing, punching, notching machines)
By End Users
Automobile Industry
Aerospace
Energy
Engineering
Electrical and Electronics
Others
By Sales Channel
Direct Sales
Distributor Sales
By Country
Germany
France
Italy
Switzerland
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023
Key Companies Covered:-
Trumpf
DMG Mori Aktiengesellschaft
Schuler
Mazak
Gregory Fischer Machining Solution
Amada
Komatsu
Sandvik
Gleason
Flow International
EMAG
600 Groups
Heller
Chiron
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Value Chain in Europe Machine Tool
Market
Europe Machine Tool Market Size,
2013-2018
Snapshot on Germany Machine Tool Market
Snapshot on Italy Machine Tool Market
Snapshot on France Machine Tool Market
Snapshot on Switzerland Machine Tool Market
Trends and Developments in Europe
Machine Tool Market
Issues and Challenges in Europe
Machine Tool Market
Competitive Landscape in Europe
Machine Tool Market
Europe Machine Tool Market Future
Outlook and Projections, 2019-2023
Analyst Recommendations in Europe
Machine Tool Market
For More
Information, Refer To Below Link:-
Related
Reports like Ken Research:-
No comments:
Post a Comment