Metal Forming Machine tools Market Outlook - 2027
Metal forming machine tools are the necessary tools used in the manufacturing and automobile industry. Metal forming can be described as the deformation of the metal to any required shape without any loss of raw materials. It basically includes stamping machines, pressing, bending and shearing machines. The market development of metal shaping machine process is probably going to profit in the upcoming years especially, in the assembling segment. It can be divided into two types i.e. Bulk forming and Sheet forming. The basic difference between the two is the bulk forming is done in massive operations and while Sheet forming is done through cutting sheets. The need to produce high precision products acts to be a major factor in the development of metal forming machine tools. The CNC metal forming products create a huge demand in the present scenario
Covid-19 Scenario Analysis:
- The demand for the metal forming machine tools is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from automotive industries.
- COVID-19 pandemic has shut-down the production of various products in the metal forming machine tools industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of Metal forming machine tools significantly from last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The increase in the awareness of automation and high precise metals are becoming the major growth drivers for the Metal Forming Market tools. Further, the rise in the growth of fabricated machines in the automobile industries, construction industries and electronics market has pushed up the metal forming machine tools market. Now a days bending machines are in high demand which is also a part of metal forming machine tools. Asia-Pacific region like India, China, Indonesia and Japan are rapidly increasing their infrastructure projects which also acts as a major key factor for increasing requirement of metal forming machine tools. Asia-Pacific region is a developing region and about to lead the market in near future. North America region being the largest market in the manufacturing and supplying of these tools followed by Europe as the major key players are based from this region. The High investments across different infrastructural and technological parts have empowered makers of metal forming machine tools to provide high quality products to the end users and meet the high demand. However, the high initial investment and increased used of non-metals like plastics and fiber products hinder the market growth. Contrarily, requirement for metal forming machine tools in automotive industry, Railways, consumer durables and in engineering present new opportunities in the industry. The requirement for these tools in the automotive possess a high demand followed by the consumer durables and the railway department especially for the rail tracks present new pathways for these machine tools.
The global metal forming machine tools market trends are:
New product launches to flourish the market
The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many products were launched in the market. These products are well advanced with the technology and have unique features. In 2020, the MP 6500 series was launched by Doosan Machine tools ltd with an objective of machining large work pieces. It was basically used in molding processes. The demand for this machine tools are increasing considerably and is going to take a healthy pace during the forecast period. In April 2019, Makino Milling Machine Company has launched a new EDM machine whose main objective was rough machining using a forged stock. This machine tool category is much more flexible and durable than the old traditional tools used in the industries and is equipped with high automation technology. These new launches are very compatible and thus can be easily utilized and reduce the wage cost to minimum.
Moreover, these new generation machine tools offer cost and energy saving benefits.
Growing demand from industrial applications
Now a days manufacturers are producing new products on the basis of interests of the customers. On the basis of application metal forming machine tools are categorized to various types like automotive sector, consumer durables, railways and others industries. An increasing demand in the automotive industry for the metal forming machine tools as the commercial and passenger vehicles are increasing rapidly. Many factors drive the growth of these automotive sector like the demographics and lifestyle. Thus, the metal forming machine tools are in large usage in these particular sector. In the railways, the demand for these machine tools has also increased as the bending machines and cutting machine tools help in the creation of the railway tracks. Construction industries and others also creating larger demand for these machine tools especially the automation. The government regulations and other initiatives are pushing the usage of metal forming machine tools on this industries. Setting up this metal forming machine tools in this respective industries would definitely help in shaping the raw metals in the production process with a low cost investment.
Key benefits of the report:
- This study presents the analytical depiction of the metal forming machine tools Market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Market share.
- The current market is quantitatively analyzed to highlight the metal forming machine tools market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.
Metal Forming Machine tools Market Report Highlights
By Raw Materials
Key Market Players
TRUMPF, DMG Mori, Conzzeta Management, Mitsubishi Corporation, Dalian Machine tool group, Hyundai WIA, ANDRITZ., Komatsu ltd, Schuler AG, Amada Holdings ltd