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Europe Machine Tool Market Outlook to 2023

By Type of Machine (Cutting and Forming), By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and Electronics, and Others) and by Sales Channel (Distributor and Direct)

Region:Europe

Author(s):Ajit Singh

Product Code:KR867

Download Sample Report
Published On

August 2019

Total pages

207

About the Report

The report titled "Europe Machine Tool Market Outlook to 2023 - by Type of Machine (Cutting and Forming), By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and Electronics, and Others) and by Sales Channel (Distributor and Direct)" provides comprehensive information on the Europe Machine Tool Market by Type of Cutting Tools (Machining Centres and Flexible machines, Turning Machine, Laser and electric discharge machine, Milling machines, Grinding, honing, lapping and polishing machines, Transfer machines, Gear cutting and finishing machines, Drilling machines, boring machines and boring-milling machines, Sawing and cutting-off machines), by Forming tools (Forging machines and hammers (including presses), Wire working machines, Bending, folding and straightening machines, Shearing, punching, notching machines), by end users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and Electronics, and Others) and by sales Channel (Distributor and Direct).
The report also covers value chain analysis, competitive landscape, trends and developments, issues and challenges, detailed snapshot on demand for machine tools in Germany, France, Switzerland and Italy. The report concludes with future outlook of Europe machine tools market and certain recommendations highlighting the success factors for entering and expanding the market.
Europe Machine Tool Market
 


Europe Machine Tools Market Size and Overview

Europe Machine tools market is in the mature stage and has been the market leader for centuries before the shift happened to Japan and the US market. Chinese products are gaining market due to their competitive pricing. The European market has registered growth in the last five years registering a positive CAGR during the period. Growth was mainly driven by demand from Italian and German made products which are in high demand across European and Global market. Switzerland and Spain are other significant countries which have focused on export of machine tools.
 

Europe Machine Tool Market Segmentation

By Type of Machine: Cutting machine tools largely dominated the market accounting for more than one third of the total consumption by revenue in 2018. CNC based cutting machine tools accounted for majority of the sales in the European market as all new investments are targeted at automation and numerical control due to its better precision and efficiency in terms of energy and metal removal. Forming tools are used in wire manufacturing which account for majority of the sales in the electric industry.

By Type of End Users: Automobile industry is the largest consumer segment for machine tools in the European market. Investments in setting up and modification of existing manufacturing units to manufacture electric and hybrid vehicles has driven the demand for efficient machine tools in the region. Metal working is the largest sector contributing to the engineering segment. It is expected to register significant growth in the years to come due to rise in number of SMEs. Electric and Electronic product manufacturing units and Aerospace are other major end users of machine tools accounting.

By Sales Channel: Standard machines are widely used by SMEs and distributors act as source for supplying these materials. Germany, Spain and Italy have much higher number of machine tool distributors as compared to other countries. Eastern European countries have very few distributors of machine tools as industrial development is concentrated into few towns and cities. Limited expansion of new manufacturing capacity is the key reason for low demand from direct selling.
 

Snapshot on Major Countries

Italy: Machine tool market is on constant increase in Italy. The growth was largely driven by increased production and imports along with increased domestic consumption. Robotic machinery is in high demand accounting for 15-20% of the total machine tools sales.

France: The market has largely remained positive except 2014 when a decline was registered. CICE Tax credit system was introduced in 2012 to the manufacturers and other entities paying corporate tax in France. Value added by manufacturing accounted for 11.1% of Gross Value Added (GVA) in 2018. French government launched the ‘Industrie du Futur’ initiative in 2015 to take advantage Industry 4.0 initiative in EU.

Germany: Germany is the largest machine tool market in the entire European region both in terms of domestic consumption and production. The market is in mature stage and is largely driven by acceptance of innovative technology. Japan and the US are strong competitive markets giving tough competition to Germany made machine tools.

Switzerland: The domestic consumption of machine tools is on decline in the country. The decline was highest in 2016 due to poor domestic production and reduced imports. Starrag and Chiron are among the two major machine tool companies operating in Switzerland. Other than this there were many international players having their offices in Switzerland.
 

Future Outlook to Machine Tool Market in Europe

Machine tools market in Europe is expected to register decline in growth due to poor manufacturing scenario. The sustainability in demand will be largely from the industry to adopt Industry 4.0 goals. Setup of new manufacturing locations in Eastern Europe, and promotion of domestic SMEs in the Western Europe region will drive some demand especially for single machine.
 

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Value Chain in Europe Machine Tool Market
  • Europe Machine Tool Market Size, 2013-2018
  • Europe Machine Tool Market Segmentation, 2013-2018
  • Snapshot on Germany Machine Tool Market
  • Snapshot on Italy Machine Tool Market
  • Snapshot on France Machine Tool Market
  • Snapshot on Switzerland Machine Tool Market
  • Trends and Developments in Europe Machine Tool Market
  • Issues and Challenges in Europe Machine Tool Market
  • Competitive Landscape in Europe Machine Tool Market
  • Europe Machine Tool Market Future Outlook and Projections, 2019-2023
  • Analyst Recommendations in Europe Machine Tool Market

Products

Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2019-2023

Companies

Key Segments Covered

By Type of Machine Tools

  • Cutting Machine Tool  (Machining Centres and Flexible machines, Turning Machine, Laser and electric discharge machine, Milling machines, Grinding, honing, lapping and polishing machines, Transfer machines, Gear cutting and finishing machines, Drilling machines, boring machines and boring-milling machines, Sawing and cutting-off machines)
  • Forming Machine Tool (Forging machines and hammers including presses, Wire working machines, Bending, folding and straightening machines, Shearing, punching, notching machines)

By End Users

  • Automobile Industry
  • Aerospace
  • Energy
  • Engineering
  • Electrical And Electronics
  • Others

By Sales Channel

  • Direct Sales
  • Distributor Sales

By Country

  • Germany
  • France
  • Italy
  • Switzerland

Key Companies Covered

  • Trumpf
  • DMG Mori Aktiengesellschaft
  • Schuler
  • Mazak
  • Gregory Fischer Machining Solution
  • Amada
  • Komatsu
  • Sandvik
  • Gleason
  • Flow International
  • EMAG
  • 600 Group
  • Heller
  • Chiron

Table of Contents

1. Executive Summary

1.1. Market Size and Introduction

1.2. Market Segmentation

Snapshot on Italy

Snapshot on France

Snapshot on Switzerland

Snapshot on Germany

1.3. Future Outlook

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Sizing and Modeling

Research Methodology

Approach - Market Sizing

Variables Dependent And Independent

Multifactor Based Sensitivity Model

Limitations

Final Conclusion

3. Value Chain in Europe Machine Tool Market

4. Europe Machine Tool Market

4.1. Market Size, 2013-2018

4.2. Market Segmentation, 2018

4.2.1. By Cutting and Forming Tool, 2018

Machining Centres and Flexible machines

Turning Machines

Laser and Electric Discharge Machine

Milling Machines

Grinding, Honing, Lapping and Polishing machines

Transfer Machines

Gear Cutting and Finishing Machines

Drilling Machines, Boring Machines and Boring-Milling Machines

Sawing and Cutting-off Machines

Forging Machines and Hammers Including Presses

Wire Working Machines

Bending, Folding and Straightening Machines

Shearing, Punching and Notching Machines

4.2.2. By Type of End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical 
and Electronics, and Others), 2018-2023

Wire and Cable Industry

Automobile Industry in Europe

General Aviaition Aircraft MAnufcaturing

4.2.3. By Distributor and Direct Sales, 2018-2023

4.2.4. By Countries, 2013-2018

4.3. Future Outlook to European Machine Tool Market, 2018-2023

5. Snapshot on Germany Machine Tool Market

5.1. Market Size, 2013-2018

5.2. Market Segmentation,2018-2023

5.2.1. By Metal Cutting and Forming Machine,2018-2023

By Type of Metal Cuttting Tools, 2018-2023

By Type of Metal Forming Tools, 2018-2023

5.2.2. By Region (North South, East, West, and Central), 2018-2023

5.2.3. By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and 
Electronics, and Others), 2018-2023

5.3. Trade Analysis for Machine Tools in Germany, 2014-2018

5.4. Competition (DMG Mori, Trumpf, Fein Tool, Heller, Starrag, Chiron), 2018

5.5. Future Projection to Germany Machine Tool Market, 2018-2023

6. Snapshot on Italy Machine Tool Market

6.1. Market Size, 2013-2018

6.2. Market Segmentation, 2018-2023

6.2.1. By Metal Cutting and Metal Forming Machine tool, 2018-2023

By Type of Metal Cuttting Tools, 2018-2023

By Type of Metal Forming Tools, 2018-2023

6.2.2. By Region (Centre, North-East, North-West, South, Islands), 2018-2023

6.2.3. By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and 
Electronics, and Others), 2018-2023

6.3. Trade Analysis for Machine Tools in Italy, 2014-2018

6.4. Future Projection to Italy Machine Tool Market, 2018-2023

7. Snapshot on France Machine Tool Market

7.1. Market Size, 2013-2018

7.2. Market Segmentation, 2018-2023

7.2.1. By Type of Machine (Cutting and Forming), 2018-2023

By Type of Metal Cutting Tools, 2018-2023

By Type of Metal Forming Tools, 2018-2023

7.2.2. By Region (North South, East, West, and Central), 2018-2023

7.2.3. By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and 
Electronics, and Others), 2018-2023

7.3. Trade Analysis for Machine Tools in France, 2014-2018

7.4. Competition

7.5. Future Projection to France Machine Tool Market, 2018-2023

8. Snapshot on Switzerland Machine Tool Market

8.1. Market Size, 2013-2018

8.2. Market Segmentation, 2018-2023

8.2.1. By Cutting and Forming Tool, 2018-2023

By Type of Metal Cuttting Tools, 2018-2023

By Type of Metal Forming Tools, 2018-2023

8.2.2. By Region (North South, and Central), 2018-2023

8.2.3. By End Users (Automobile Industry, Aerospace, Energy, Engineering, Electrical and 
Electronics, and Others), 2018-2023

8.3. Trade Analysis for Machine Tools in Switzerland, 2014-2018

8.4. Market Share in Switzerland Machine Tool Market, 2018

8.5. Future Projection to Switzerland Machine Tool Market, 2018-2023

9. Competitive Landscape

9.1. Parameters for Competition

9.2. Market Revenue of Major Players in Europe Trumpf, DMG Mori, Five, Bystronic, Chiron, 
Feintool, Starrag, Prima Power, Okuma Corporation, Heller, Makino Global, Tornos, AIDA, Star 
and Sodick, 2018

9.3. Company Profile

9.3.1. Trumpf

9.3.2. Tornos

9.3.3. Starrag

9.3.4. DMG Mori

9.3.5. Schuler

9.3.6. Feintool

9.3.7. Okuma

9.3.8. Prima Power

9.3.9. Chiron

10. Trends and Developments

10.1. Positive Impact of Industry 4.0

10.2. Development of Manufacturing in Eastern Europe

10.3. Focus on Development of High Value and Precision Equipments

10.4. Focus on Exports and Specialization

11. Issues and Challenges

11.1. Competition from Other Countries

11.2. High Cost of Domestic Manufacturing

12. Analyst Recommendation

Investment as proportion of sales in R&D needs to increase from the current level of less than 
2%

Companies can work on specializing in segments that are difficult to replicate and are 
protected by patents.

Improve the automation in manufacturing of machine tools to cut down on labor cost and make 
locally manufactured machine tools more price competitive

Work in close collaboration with industry partners that can make domestic manufacturing more 
competitive.

Create a buyback program for old/outdated machines that will help utilizing the scrapped high 
quality material

Governments in Europe need to work towards promoting domestic manufacturing in the region.

Attention need to be given to other emerging markets in Europe

Disclaimer

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