Metalworking Machinery Market Estimated Growth Potential Through 2023-2032

The Metalworking Machinery Global Market Report 2023 by The Business Research Company, provides metalworking machinery market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Metalworking Machinery Global Market Report 2023, the market size is expected to grow from $252.93 billion in 2022 to $271.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metalworking machinery market is expected to grow to $346.97 billion in 2027 at a CAGR of 6.3%.

Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.

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Major Players:

• Sandvik AB
• Berkshire Hathaway Inc.
• TRUMPF Group
• Mitsubishi Heavy Industries Ltd.
• Amada Co. Ltd.

 

The metalworking machinery market is segmented:

1) By Type: Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory

2) By Capacity: Small, Medium, Large

3) By Application: Automotive, Manufacturing, Other Applications

Machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers, and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both ends of the fixture. This offers high-quality products while minimizing errors. CNC milling helps in the short-run production of complex parts and the fabrication of unique precision components. Major companies manufacturing 6-axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, and IMSA.

The metalworking machinery market report table of contents includes:

1. Executive Summary
2. Report Structure
3. Metalworking Machinery Market Characteristics
4. Metalworking Machinery Market Product Analysis
5. Metalworking Machinery Market Supply Chain

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21. Metalworking Machinery Market Competitive Landscape
22. Key Mergers And Acquisitions In The Metalworking Machinery Market
23. Market Background: Machinery Manufacturing Market
24. Recommendations
25. Appendix

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