Read the 100-page report with TOC on "Metal Machining Market Analysis Report by End-user (automotive, construction, aerospace, and others) and Geographic Landscape (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the demand from the oil & gas sector. In addition, the emergence of 3D printing in manufacturing is anticipated to boost the growth of the metal machining market.
Factors such as rapid industrialization and urbanization, followed by increasing consumption of energy in developing countries including China and India are driving 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 it is 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.
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Major Five Metal Machining 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.
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Metal Machining Market End-user Outlook (Revenue, USD bn, 2020-2024)
Metal Machining Market Geographic Landscape Outlook (Revenue, USD bn, 2020-2024)
- North America
- South America
- Key leading countries
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