Global demand for metalworking machinery is forecast to expand 4.5% p.a. between 2014 and 2018. Bangladesh, China, Germany, Japan and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global metalworking machinery industry is forecast to reach 4.5% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.6%. Currently, machining centres account for 23.2% of the global demand while the remaining market share is divided between machine tools for forging, die-stamping and bending metal (19.0%), lathes for removing metal (13.1%), metal grinding machines (6.1%), metal milling and boring machines (4.8%), metal drilling machines (2.3%), metal sawing and cutting-off machines (2.0%), single/multistation transfer machines (1.7%), metal sharpening machines (1.2%), metal lapping and honing machines (1.1%), metal tapping and threading machines (0.4%), metal broaching machines (0.4%), metal slotting and shaping machines (0.2%), other metalworking machinery (8.3%) and parts and accessories for metalworking machine tools (16.1%).
China, Germany, Japan, South Korea and the United States represent the largest metalworking machinery markets while the strongest annual growth is forecast to occur in Bangladesh (21.7%), the United States (14.1%), Bolivia (10.0%), Thailand (9.1%) and Vietnam (8.6%).
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential metalworking machinery markets in the coming years are:
Ranking | Country | Market Potential Rate |
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1 | China | 0.63 |
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2 | Japan | 0.34 |
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3 | United States | 0.30 |
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4 | Bangladesh | 0.22 |
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5 | Germany | 0.18 |
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6 | Thailand | 0.14 |
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7 | Bolivia | 0.10 |
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8 | South Korea | 0.10 |
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9 | Vietnam | 0.10 |
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10 | Ecuador | 0.09 |
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11 | Kyrgyzstan | 0.07 |
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12 | Azerbaijan | 0.06 |
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13 | India | 0.05 |
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14 | Austria | 0.04 |
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15 | Peru | 0.04 |
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16 | Italy | 0.04 |
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17 | Moldova | 0.03 |
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18 | Malaysia | 0.03 |
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19 | Iran | 0.03 |
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20 | Mexico | 0.03 |
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The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for metalworking machinery in the world and individually for the following countries:
Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Netherlands, Norway, Oman, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
The latest market data for this research include:
- Overall metalworking machinery market size, 2007-2018
- Metalworking machinery market size by product segment, 2007-2018
- Growth rates of the overall metalworking machinery market and different product segments, 2007-2018
- Shares of different product segments of the overall metalworking machinery market, 2007, 2013 and 2018
- Market Potential Rates of the overall metalworking machinery market and different product segments
The product segments discussed in the reports include:
- Machining centres
- Single/multistation transfer machines
- Lathes for removing metal
- Metal drilling machines
- Metal milling and boring machines
- Metal tapping and threading machines
- Metal grinding machines
- Metal sharpening machines
- Metal lapping and honing machines
- Other metal finishing machine tools
- Metal slotting and shaping machines
- Metal broaching machines
- Metal sawing and cutting-off machines
- Other metal shaping machines
- Machine tools for forging, die-stamping and bending metal
- Other machine tools for working metals
- Parts and accessories for metalworking machine tools
The report s help answering the following questions:
- What is the current size of the metalworking machinery market in the world and in different countries?
- How is the metalworking machinery market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?