Metalworking Machinery Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Capacity and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Metalworking machinery is used as parts of machine tools and can be generally categorized into metalworking fluids, work holding, and power tools accessories. These machines are heavy, non-portable, and power-driven equipment. Metalworking machines are used to cut or shape metals and other hard materials to produce industrial equipment. There are two categories of metalworking machinery. These include metal forming and metal cutting. Metal forming machines are used to squeeze metals into desired shapes. Metal cutting machines like drilling machines, grinders, or turning machines are used to cut metals into desired product which can further be attached or incorporated into larger machines or used for any specific purpose.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down the production of metalworking machinery attributed to the lockdown in countries worldwide this has hampered the growth of metalworking machinery from the last few months and is likely to grow in 2021.
• COVID-19 has already affected the sales of metalworking machinery in the second and third quarter of 2020 and is anticipated to grow in year 2021.
• The major demand for metalworking machinery was previously noticed from countries including the U.S., Germany, UK, and China which are negatively affected by the spread of the coronavirus thereby declining the demand for metalworking machinery.
• Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves metalworking machinery manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
• Metalworking machinery manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID-19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

Developing nations across the globe are expected to experience an economic growth in manufacturing and construction sectors which is predicted to boost the growth of the metalworking machinery market. The U.S. industrial activity is estimated to boost the demand for metalworking machinery in the market. The profitability of individual companies depends on their product designs and their manufacturing efficiency. Large companies have the resources to make complex, automated machinery whereas, smaller companies can focus on making specialty products, replacement parts, or accessories. The supply chain because of lockdown got disrupted adversely during pandemic which made manufacturers to halt the production process which in turn restrained the market growth of metalworking machinery.

Market trends

• Companies such as Yamazaki Mazak, DMG MORI, Giben International, Haas Automation, and ERLO, are making 6-axis CNC milling machines to control machine tools like lathes, routers, and grinders.

Key Benefits of the Report

• This study presents the analytical depiction of the metalworking machinery 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 metalworking machinery market share.
• The current market is quantitatively analyzed to highlight the metalworking machinery market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed metalworking machinery market analysis based on competitive intensity and how the competition will take shape in coming years.

  Metalworking Machinery Market Report Highlights

Aspects	Details
By Type	Special Die and Tool Die Set Jig and Fixture Machine Tool Industrial Mold Rolling Mill Others
By Capacity	Small Medium Large
By Application	Automotive Manufacturing Others
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, UK, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market Players	Hurco Companies, Inc.,, Amada Co Ltd;, Fives Machining Systems, Inc.,, Komatsu Ltd;, DMG Mori Seiki AG,, Hardinge, Inc.,, Shenyang Machine Tool Co. Ltd., Okuma Corporation,, Kennametal Inc;, RUMPF Group;