The global metalworking machinery market is expected to grow from $245.99 billion in 2020 to $262.77 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $357.27 billion in 2025 at a CAGR of 8%
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The metal working machinery market consists of sales of metal working machinery by entities (organizations, sole traders and partnerships) that produce 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. The metal working machinery market is segmented into special die and tool, die set, jig, and fixture; machine tool; industrial mold; rolling mill and other metalworking machinery; and cutting tool and machine tool accessory.
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The metalworking machinery market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the metalworking machinery market are TRUMPF Group; Amada Co Ltd; Kennametal Inc; Komatsu Ltd; Okuma Corporation.
The global 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 Application: Automotive, Manufacturing, Others
3) By Capacity: Small, Medium, Large
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The metalworking machinery market report describes and explains the global metalworking machinery market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The metalworking machinery report evaluates the market across each region and for the major economies within each region.
The countries covered in the global metalworking machinery market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global metalworking machinery market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Metalworking Machinery Market Characteristics
- Metalworking Machinery Market Product Analysis
- Metalworking Machinery Market Supply Chain
- Key Mergers And Acquisitions In The Metalworking Machinery Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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