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.

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.

Innovation has been the driving force in machine tools industry, and the market has become highly responsive to new and improved machine designs. Different regions have varying levels of demand for machine tools determined by intended usage.

The Global Outlook

The global outlook of machine tools project an increased demand for machine tools to hit the 180 billion dollars mark. This gain is primarily boosted by the industrial growth in developing nations. The demand in these developing nations and explosive growth in china has been favored by increased demand for durable goods. These have resulted in additional investments in increasing the manufacturing capacity and further spur more demand.

Demand in Europe and Developed Countries

Projected demand in developed countries is attributed to major product upgrades. It is also expected that growth will be spurred by replacements of older model machines with newer ones, which have more features and greater functionality.

Developing Nations

In developing regions, the demand for machine tools is being driven by increased demand for hardware goods. Better economic conditions are likely to lead to greater spending on durable goods. This will create a need for suppliers to expand on their existing production, develop new plants and lead to rise in equipment sales.

Research has shown that the Asian nations led by China have the highest consumptions of machine tools followed by the United States of America. Decline in production in the year 2013-2014 was largely caused by over production in the previous year’s, which also caused a sharp decline in the machine prices.

The major consumers of machine tools include large projects such as pipelines, vehicle manufacturers and general engineering. This partly explains the lower demand for these machines in sections of the African continent. However, there is steady demand in southern African countries. Better political and economic stability in other parts of Africa could lead increased demand for machine tools.

Demand In the Gulf Countries

The demand for machine tools is likely to increase significantly in the gulf countries. The most influential economy is the United Arab Emirates including Dubai. This was sparked off by the rapid increase in industries in the region, which has become a major Hub for global trade. Continuous entry of new industries in food production, vehicle manufacturing and other industrial establishment has continuously pushed demand for machine tools. Apart from manufacturing, increased number of learning institutions worldwide has created new demand for these equipments.

Indian Subcontinent

In India alone local manufacturers account for approximately more than 35 % of the Asian demand and the trend is expected to grow till 50%.The increased emphasis on computer controlled machines has enhanced the competitiveness of the equipments in the global market as well.

Asia – Pacific Region

In the Asia pacific region, the economic downturn did not affect the demand for machine tools, which continues to grow. Emerging economies such as Brazil and Russia that are still advancing in defense, aerospace and other high precision industries continue to push up demand.

Tools manufacturers have also resulted in more investment in research and development especially on higher quality tools material to reduce the levels of tool breakages and boost market growth. These tools are coated with materials like titanium carbide, titanium Nitride and aluminium oxide.

Whenever you wish to set a new factory, there are some basic things that you must have. One of them is basic machine tools. Having the right machine tools in your factory is the prime thing to get the right production. Irrespective of the industry, you need some machines in your factory that can produce the products. A machine tool is a machine that is used to give proper shape to the components of other machines so that they can work properly. That mean the no matter what kind of factory you are setting up, you need to choose the right machine tools to get the best component for your production.

 Different Types of Machine Tools

 There are different types of machine tools available in the market. You can categorize them on the basis of the size of the components they prepare. They cut, grind, shear and give them the desired shape as per their function in the production process of a certain item. Apart from that, there are categories of machine tools on the basis of their functionalities. There are broaching machines, gear shaper, lathe, hone, screw machines, turret milling machines, drill press and hobbing machines that you may require to set up a new factory.

Choosing the Right One

It is important to choose the right machine tools for your new factory to ensure the best production. It depends on the time of item you would like to produce in your factory. It also depends on the type of development you want to provide through those items. It can be for mechanical or electrical development, and you have to choose the machine tools according to the same. The main job of these tools is to offer the right shape to the metals that you want to use for your production purpose. They generally help you to make various things that you wish to make in your factory.

New Era of Technology

With the advent of the technologies, the factory owners prefer to use digital or computerized machine tools in their newly set factories. These tools can ensure more accurate, time-conserving as well as efficient task. You can easily enhance the overall productivity of your factory by having such kind of items. Thus, it is very important to have the modern machine tools with digital display and numerical control. They are better than the mechanical ones where you have to control the machine with human help.

Understanding the Need

In the market, you can get various types of workshop machine tools, and some of them are mentioned above. As the owner of the factory, you need to understand that what type of machine tool will be most beneficial for your business. Sometimes, you may need to have milling machines if you need to machine metal, wood or other solid items. On the other hand, you can have a drill press if you wish to cut holes into wood, metal or any other solid materials. Similarly, you can choose gear shaper, lathe, and hone as per your individual needs.

After a period of mild recession, there has been a recovery in the global demand of the machine tools. The rates of recovery have been different between various economies. According to research, the main economies such as Americas, China and Japan have shown marked improvement in machine tools demand towards the end of year 2014 and the trend has continued to the year 2015. Shorter-term forecasts from the Middle East have also showed increased demand. The global machinery production is also growing rapidly creating an increased demand for machine tools.

Factors leading to Increased Demand

Certain factors have contributed to successful development of the machine tools industry. One case study of the Indian subcontinent highlighted factors such as;

• Supporting policies: Import substitution policy by the government has led to importation of technology and advancements in innovations through learning. Modification of imported ideas brought about self-reliance on technologies for local machinery and industrial development.
• Development of learning infrastructure is another important factor supporting advancement of machine tools industry. This has been achieved through promotion and adequate facilitation of higher education institutions.

Industry specific factors for competitiveness include;

• Availability of scientists and qualified engineers; the presence of a well-trained pool of staff has led to development of innovation and success in the machine tools industry.
• Acquisition and utilization of external technology reduces the time cycle required for research and development of new products.

Increased Demand

With the presence of many factors favoring the growth of the machine tools industry, the market forces have started reacting to developments in this sector. Local manufacturers’ in India now control approximately 33% of the domestic demand for machine tools and are geared towards hitting the 50% point.

The cumulative average growth rate figures for the machine tools now stands 15 percent for the next 5 years, hence there is need for increased production capacity for the machinery.

Expansion in manufacturing and industrial production has been a major factor in the hike in demand. Manufacturers aware of this trend have therefore focused on increasing production efficiency as well as better innovation.

Special emphasis on the computer numerical controls on machines has also led to increased competitiveness and thus more demand for the machines. CNC machines deliver more efficiency due to advantages such as easier transfer of designs from computer to machine, lower levels of human supervision and greater accuracy in machining.

Middle East as a global research and development Hub

The heavy investment in research and development over the last decade has made middle east a leader in innovation and technology. In the case of Indian subcontinent, there is a very high number of engineering graduates every year, combined with high number of technical institutions and excellent infrastructure.

Global industries have also set up research centers in the Middle East to tap this potential. This has brought about development of ideas and new concepts in machine tools and creation of high quality products.

The demand for machine tools in the Middle East continues to grow. The demand is driven by various factors mainly being increased manufacturing and production activities, innovation and continued research leading to development of high quality machine tools.

What are Tiny Engineering Jobs?

Engineering operations can be classified into different categories and metal based machining works stay one of the prominent among them. These include making of tool bits, dies, creation of tiny holes, small metal parts, and many more. Such forms of gadgets are created using workshop devices in a much easier way. The introduction of smarter and compact instruments has replaced complexities arising out of manual procedure. For example, positioning and re positioning may be required to get the preferred shape or cut in making contrivances. A bench-type drill press is the appropriate device for handling light range of machining operations on smaller objects.

Sharpening Twist Drill Lip Angle

Twist piercing is an often required machining requisite in many industries. However frequent application of this gadget may make it lose its sharpness. Since this element is applicable for grinding as well as boring, periodical supervision and subsequent sharpening measures are recommended for maintaining precise results. When raggedness forms in tool bits due to prolonged utility it will lead to changes in machining results in terms of unevenness. The cutting lips should be of the same angle and the clearance angle is to be within the specific degree range required for honing. A worktable drill may assist to do this process. This type of instrument provides flexible situations for the operator to follow offhand applications over comfortable posture.

Easy Operations in Complicated Job Requirements

When it comes to minute engineering like setting tooling gadgets for superior performance, borer stays the perfect choice of equipment starting from smaller assortment of bits to larger ones. Presence of skilled professional is highly recommended for such tasks. Some models of counter mount pierce are designed with two wheels to carry over grinding operation in which one works for thinning and another for pulverizing. In some cases single wheel fixture bench type boring device is designed with abrasive wheel to motor shaft for holding work piece and to carry on with different forms of piercing apart from thinning actions in tiny tools. Adding thinning attachment to this kind of assembly and allowing the cutting edge lips will favor comfortable performance and achieve symmetrical results. However, clearance is also equally important for long term usability of machine. This setting will also allow proceeding with wide choice of functions over multiple sizes of job pieces.

Other Sorts of Procedures

Bench mount borer is compatible for performing varieties of actions with the addition of following accessories like,

• Counterbore
• Combination of central drill and countersunk
• Reamer
• Die work
• Tapper

Caring is More Important for Superior Presentation

For minor jobs special care must be given for devices. Since, smaller range of works leaves dusty atmosphere, it may reduce its functionality further. Buying equipment that is built up of water and abrasive resistant will also work out for sufficient production requirements.

Conclusion

Process under adverse conditions like continuous production requires the device to remain in perfect condition. However, serration may result in smaller tooling works. Counter type boring instrument helps in maintenance of minor objects.

Biggest Global Trade Displays

Machine Industry participation in global events highlights efficacy of technology, business expansion and extent of revenue making. As far as machining tools display is concerned, there has been comparatively marked improvement in assembly of components since the past few years.

Kenya-Good Hike in Mechanized Expansion

Indusmach is a popular exhibition in Kenya that is specially organized to invite worldwide industries to display their excellence in machinery. The same has been planned for 2015 wherein nearly industries from 20 nations participating. This meets serves the purpose of sharing innovations in technical aspects of machining tools and related services. It provides scope for complete value chain and information through swap from multiple experts from wide spectrum of manufacturing world. In recent years Africa is found to show considerable developmental aspects in lifting up moderate to higher range of production activities. The increase is found to be 25% when compared to the one in 2009. Due to this, total manufacturing export increased from 23% to 33%.

Stipulation for Woodwork Machinery

Machining equipments differ according to work material and types of work requirements. There are instruments which apply for metals as well as wood. Lathe, drill, mill, shear are some among them applicable for multiple job components. Dubai Woodshow 2015 is a splendid illustration that exhibits the healthy order for wood based produce and manufacturing instruments. The exhibition presented participants from all leading merchandize creation market to make clinch deals on the spot.  2014 statistics on Tropical Timber Market states that there is considerable growth in Saudi Arabia’s construction sector which has led to rising requirement of related projects like schools, hospitals, airports, etc. The demand for woodwork is closely related to the above criteria and hence, Dubai WoodShow 2015 would remain a meeting place for wood accessories and related equipments. This meeting is expected to receive more than ten thousand trading professionals from nearly 100 different locations.

Forthcoming Exhibitions and Extent for Broader Commerce

Cambodia International Machinery Industrial Fair is planned for 4 days between 21^st to 24^th August 2015 at Diamond Island Convention and Exhibition Center. It invites exhibit profiles in which tooling hardwares, metal working and automation, etc are among the important show profiles.

China’s Position in Economic Boost through Mechanized Friendly Devices

Similarly, China’s role in setting broader scope for business is not less while balancing with different countries. The Shenzhen International Machinery Manufacturing Industry Exhibition (SIMM) is an influential moving parts event organized to make suppliers and buyers interact, form trade network directly. It is scheduled on 30^th March to 2^nd April 2015. It is going to stay one of the best interactive meets where best range of gears and pave way for covering industrial apparatus supply chain for concurrent exhibitions. Types of devices include metal forming device, cutting components, accessories, dies, mould parts, etc.

Engineering Demonstrations at India

India is emerging out in production role with serious involvement of built-up quarters from different niches. The list of forthcoming showcasing extensive machines, technology, industrial raw material, completed merchandize formed out of Engineering and technology, machine tools, auto components, automation products, and many more through Industrial Expo in multiple venues including Hyderabad, Jalandar, Delhi, Chandigarh, etc.

Conclusion

Countries like India, Africa, Europe, China, have been able to evolve with best outcomes in production aspects through creation of machine tools and subsequent applications of the same in most demanded sectors.