Monthly Archives: December 2019

Machine Tools – Global Market Overview

The global Machine Tools market is estimated to grow at a CAGR of 4.9% and reach approximately $158 billion by the end of 2026. After two years of moderation, the machine tools market witnessed rapid growth in 2017. The most important driving force behind the growth of the market is increasing industrial automation. Moreover, the increasing advancements in robotics and an increase in additive manufacturing will boost the growth of the market. The evolution of 3D printing and its increasing application will also contribute to the Machine Tools market globally.

Machine Tools Market Segmentation

The Machine Tools market is segmented based on product type, end-use and geographical regions. Based on product type the market is classified into drilling machines, grinding machines, machining centers, electrical discharge machines, milling machines, lathe machine and turning machines. By end-use, the market is segmented into Aerospace and Defense, Automotive, Consumer Goods, Electrical and Electronics, Fabrication and Industrial Machinery Manufacturing, Marine, Machine Tools & arts Manufacturing, Precision Engineering, Ship Building, and Others. By geographical regions, the Machine Tools market is classified into North America, South America, Europe, APAC and Middle East & Africa.

computerized machine tools

Machine Tools Market Challenges

Globally the Machine Tools market is growing and the growth is leveraged by leading players and emerging companies, but the competition in the market is very dynamic. As far as the automation is concerned the industry is still in its transition phase. Also, most of the companies are yet to reach a stage where they can adopt artificial intelligence in all their operations. As a result, machine tool manufacturing is still time-consuming. While Machine Tools business is attractive, it needs high investment and returns require a strong customer base. As a result of industrial development, the Machine Tools market is expected to experience immense growth. This will help companies in creating their customer base and sustain their position in the market..

The Automotive Sector and Aerospace & Defense Sector to Boost Growth

Automotive industry contributes the highest revenue to the Machine Tools market. Rapidly increasing usage of various tools in the automotive manufacturing sector and increasing demand for wheels, gearbox cases, piston rods and engine locks will boost the growth of the market. As per the International Organization of Motor Vehicle Manufacturers more than 9,50,00,000 vehicles were manufactured in the year 2018. Moreover, the production is estimated to increase in future. The evolution of electric vehicles will also contribute to the growth of the Machine Tools market. Apart from the Automotive sector, the Aerospace & Defence sector is also expected to boost the growth of the Machine Tools market as a result of large amounts of air-crafts and weapons manufactured worldwide.

Increasing R&D Investment to Expand Machine Tools Market

The increasing attention of the companies towards the industrial revolution is expected to boost the growth of the Machine Tools market. The up-gradation of products through innovations will also contribute to the growth of the Machine Tools market. Moreover, the increasing investment in R&D by the companies will generate opportunities for the market.

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The Demand of Sheet Metal Machines in Gulf Countries

Sheet metal machines are devices used to cut, drill, press and mold the hard metals into specific forms. Metals like Aluminium, steel, copper, iron, brass or nickel required to be forged into sheets before they can be used in an ample way.

There are seven Arab states of the Persian Gulf which are Bahrain, Iraq, Oman, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates.

Scope of the Sheet Metal Industry in Gulf Countries

United Arab Emirates Any nation needs the metal industry in full working force for success and progress. Better infrastructure and an established economy need this industry to flourish.

UAE is also expecting to observe an increase in the steel industry by 30% in 2021. However, the demand for steel products remains the same but the ongoing construction projects estimated till 2026 amid fluctuations keep this segment going forward.

The metal industry has a promising forecast for the future. The steel industry by 2022 is bound to reach a market value of US $ 4 billion.

HYDRAULIC PRESS BRAKE

Bahrain has been emerging as the world’s second-largest exporter of aluminum wire since 2012. However, there was a downfall in between but it has regained its place and is the second-largest aluminum smelter in the Middle East. Bahrain ranks 46th out of 189 countries in ease of doing business. On top of it, its strategic location in the gulf can be advantageous to its industries.

Iraq This country has gone through massive destruction during recent years. So to rebuild a nation proper infrastructure is required. The country is heavily dependent on the metal industry for various such works. The total steel consumption was around 3.2 million tonnes recorded in 2018.

The same trend is with Oman. The overall demand estimated is approximately 2 million tonnes by 2020. Accounting to major infrastructure works and economic diversifies the nation’s dependence on metal has been increasing since the past few years and hence there is an increase in sheet metal machines.

Inference for Steel Metal Machines

From the above-mentioned paragraphs about the demand for metal in all of the nations in the gulf, it is clearly observed that there is a potential market for these machines. Maybe it natural occurring metal or importing from some other nation, it has been established that there is the demand for metals for construction or some other industries. Steel metal machines are used to provide a workable format to the metals. It helps to cut, drill and mould into a specific shape. So a huge presence of metal I or construction/ real estate industry there will be a requirement for these machineries.

According to a report of Worldsteel data, in 2017 the Middle East crude steel production substantially increased by 11.8%. Iran is another nation in the queue of producing an ace quantity of steel. These nations will thus heavily depend on the machines in order to supply them to the nations in whichever form they want.

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