Machine Tools

The machine tools market is facing challenging times and after a big drop during the corona crisis will take years to recover.  To make this challenging market a success story, machine builders and automation suppliers need to focus on the right vertical and offer the fitting solution to it. 

Machine Tools: Adding Digital Value

Machine Tools MarketThe individual technical quality of different machine tool providers aligns more and more to the level of the industry leaders.  As in other industries, the USP of machine tool builders is shifting from a technical focus to digital value-adding services.  More than 80 percent of the OEMs report to have first products available or provide even a broad portfolio of digital enhanced services like virtual commissioning, remote access, or smart maintenance. 

Many AI applications and new digital services already provide valuable advancements for manufacturing technologies.  For example, during the machining process, AI is optimizing machine parameters and the NC program on the fly through sensor data.  This can reduce wear and energy consumption and increase the output quality.  A smart quality management using cameras or other sensors can monitor and document the manufactured quality and detect drifts in the machine parameters.  Furthermore, AI is playing an important role in the field of maintenance.  It is applied to predict the status of machines or components and indicates potential failures.

The challenge for many machine builders is not only to add digital value to their existing portfolio but also generate money from this new digital value add. In a conservative industry, this is challenging.  Business models have not yet been established and will take some time, until models such as pay per part are accepted in the industry and payment models are proven. 

Machine Tools: Moving Hybrid

Machine Tools Market TrendsIn contrast to the multitasking machine tools, hybrid machines combine additive manufacturing techniques with subtractive technologies to integrate both processes within one machine.  Manual handover of the workpiece for different post-processing steps becomes obsolete. 

Since the hybrid technique builds on AM, the technology is still relatively new to the industry and many OEMs are still in R&D phase.  Nevertheless, this technology enables a higher level of automation for AM and post processing.  Today hybrid machines are too expensive to replace proven traditional machine tools for large batch sizes.  They are deployed for R&D purposes and for complex components in higher quantity, which cannot be produced by traditional machines.  Since there is a great potential for AM, the demand of hybrid machines will also increase.  With larger sales quantity, hybrid machines will become a profitable alternative for more and more use cases.
 

Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Studies and formats available are listed below:

MIRA Workbook PDF File
Worldwide (includes regional data) Yes Yes

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Regional Trends
  • Strategic Recommendations
    • Strategies for Machine Tool Builders
    • Strategies for Automation Suppliers
    • Strategies for End Users

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Revenue Category
    • Hardware
    • Services
  • Market Shares by Machinery Value
    • M1
    • M2
    • M3
  • Market Shares by Industry
    • Aerospace & Defense
    • Automotive
    • Electronics & Electrical
    • Fabricated Metals
    • Machinery
    • Medical Products
    • Other Industries
  • Market Shares by Machinery Segment
    • Hybrid Machinery
    • Metal cutting
    • Metal forming
    • Other

Market Forecast Analysis

  • Total Shipments of Machine Tools
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Revenue Category
    • Hardware
    • Services
  • Shipments by Machinery Value
    • M1
    • M2
    • M3
  • Shipments by Industry
    • Aerospace & Defense
    • Automotive
    • Electronics & Electrical
    • Fabricated Metals
    • Machinery
    • Medical Products
    • Other Industries
  • Shipments by Machinery Segment
    • Hybrid Machinery
    • Metal cutting
    • Metal forming
    • Other

Industry Participants

The research identifies all relevant suppliers serving this market. 

For More Information

For more information or to purchase the Machine Tools Market Research study, please contact us.