LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global metal machining market and the market is poised to grow by USD 14.76 billion during 2020-2024 at a CAGR of almost 4% during the forecast period. Request Free Sample Pages
Read the 100-page research report with TOC on "Metal Machining Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by End-user (Automotive, Construction, Aerospace, and Others), and Segment Forecasts, 2020-2024".
The growing demand from the oil and gas industry and emergence of 3D printing in manufacturing is anticipated to boost the growth of the market.
Factors such as rapid industrialization and urbanization followed by increasing consumption of energy in developing countries including China and India are driving the need for E&P activities in the oil and gas industry. The rise in offshore oil and gas exploration activities, particularly deep-water exploration is increasing the demand for the fabrication of pipelines, oil rigs, and other infrastructure. This is driving the demand for metal machining equipment as they are used to fabricate and install pipelines and gathering lines to deliver the oil and gas to refineries. Thus, the growing demand from the oil and gas industry is expected to drive market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Metal Machining Market Companies:
AMADA HOLDINGS Co. Ltd.
AMADA HOLDINGS Co. Ltd. is headquartered in Japan and operates the business under various segments such as Metalworking Machinery business, Metal Machine Tools business, and Other. The company offers a range of sheet metal fabrication machines such as precision welding machines, metal cutting machines, grinding machines, and FOL-3015AJ.
Atlas Copco AB
Atlas Copco AB is headquartered in Sweden and offers products through the following business units: Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. The company offers a range of grinders and advanced drilling units such as Advanced Drilling Unit PFD 1500.
Colfax Corp. is headquartered in the US and operates under various business segments, namely Air and Gas Handling and Fabrication Technology. The company offers a range of arc welding equipment such as Transweld 400.
DMG MORI Global Marketing GmbH
DMG MORI Global Marketing GmbH is headquartered in Germany and offers products through the following business segments: Machines, Automation, Digitization, and ADDITIVE MANUFACTURING. The company offers a range of grinding equipment such as Vertical Mate Series.
FANUC Corp. is headquartered in Japan and offers products through the following business segments: FA, ROBOT, ROBOMACHINE, FIELD system, and SERVICE. The company offers a range of highly-economical carbon dioxide laser oscillator models such as C2000i-MODEL C.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Metal Machining End-user Outlook (Revenue, USD Million, 2020-2024)
Metal Machining Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials include:
Metal Stamping Market – Global Metal Stamping Market by end-users (automotive, industrial machinery, consumer electronics, aerospace and defense, and others) and geography (APAC, Europe, MEA, North America, and South America).
Metal Heat Treatment Market – Global Metal Heat Treatment Market by end-user (automotive, aerospace, industrial machinery, construction, and others) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.