Mar 31, 2017

Technavio’s market research analysts predict the global metal cutting machine tools market to grow steadily during the forecast period and post a CAGR of more than 7% by 2020. This industry research report identifies the introduction of plasma cutting machines with Windows-based computerized numerical control (CNC) controls to be one of the major factors that will have a positive impact on the growth of the metal cutting machine market in the coming years.

The Windows-based CNC controls and manipulates the setup parameters with the use of a simple touchscreen, which enables the efficient handling of height and motion controls. All the essential parameters needed for the cutting process at any desired power level are embedded in the memory of the control system and the operator has to perform only the primary functions such as loading the metal plate and placing the torch at the initial position. Since CNC controls and manages all the other critical processes, the system has the added advantage of eliminating all possible errors and also improves the overall consistency and efficiency.

Analysts predicts that the coming years will witness the rapid adoption of additive manufacturing, a process that is used for creating a three-dimensional object from a digital file. Additive manufacturing involves building up thin layers of material and can produce complex shapes that is not possible with traditional casting and machining methods or subtractive techniques. Moreover, benefits such as access to complex geometries such as internal channels for conformal cooling, overcoming constraints associated with traditional subtractive and casting manufacturing methods, and the easy manufacturing of lightweight components and customized items, will also drive the demand for their adoption in the coming years.

Competitive landscape and key vendors

Characterized by the presence of several major and small vendors, the metal cutting tools market appears to be highly fragmented. The market consists of a large number of international players with customer bases across national borders and is also marked by the presence of small regional vendors who cater to the needs of the local customers. The competitive environment among vendors is fierce and the introduction of products with new features and technologies is expected to intensify the level of competition in the market. As a result of the increasing demand from customers for high precision and cost-effective equipment, metal cutting equipment vendors have started focusing on increasing the overall productivity of their products without compromising on operator safety.

The leading vendors in the market are:

·         Bystronic

·         Coherent

·         Colfax

·         Komatsu

·         Nissan Tanaka

·         Trumpf

The other prominent vendors in the market are Amada, Baileigh International, Denobat Group, Eagle Bending Machines, Epilog Laser, ESAB, Eurolaser, Hypertherm, IPG Photonics, Jenoptik, JTEKT, KMT Waterjets, Koike, Lincoln Electric (Torchmate), Lumentum, LVD, Messer Cutting Systems, Omax Waterjets, Rofin, Romi Machine Tools, Semyx, Shenyang All-Powerful Science & Technology Stock, and Water Jet Sweden.

Segmentation by end-user and analysis of the metal cutting machine tools market

·         Aerospace and defense

·         Automotive

·         Shipbuilding

During 2015, the automotive segment accounted for almost 29% of the total market shares and dominated the industry. This segment’s growth mainly attributes to the increase in number of automobile sales in emerging economies like China and India. Moreover, the introduction of laser cutting tools and robotics that have made the metal cutting process more cost-effective and precise and the growth in the production of lightweight vehicles, will fuel the growth of the metal cutting machine market in this segment.

Geographical segmentation and analysis of the metal cutting machine tools market

·         Americas

·         APAC

·         EMEA

According to this market study, APAC will account for almost 55% of the total market shares by 2020 and will also dominate the global metal cutting machine tools market throughout the forecast period. The low cost of manufacturing and shipbuilding hubs in countries such as China, India, and Thailand is identified to be the primary reason for the growth of the market. Analysts estimate that the market will grow at a CAGR of more than 8% in this region by 2020.

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