Abstract
Customer Demands Force Manufacturers to Optimize Tooling Solutions
As customer companies push for machine tools that are less expensive and take less time to form/cut/finish a work piece, tool manufacturers are also being challenged to offer products that help increase the productivity of their end users. In addition, the rapid development of machine technology - higher horsepower, higher spindle speed, and high dynamic stiffness - makes it imperative that manufacturers introduce newer cutting solutions that can withstand higher speed machining.
This Frost & Sullivan research service analyzes the global markets for machine tools: cutting tools. The study segments the market into metal cutting, metal forming, and metal finishing tools. It provides an analysis of market drivers, restraints, and forecasts, identifying areas of growth in these segments.
Globalization: Shift of Manufacturing Facilities Affects Industry
The lower labor rates in Asia and East Europe is encouraging the shift of manufacturing facilities to these areas. "Globalization has deeply affected the machine cutting tools industry with end user companies such as automobiles, job shops, and appliances shifting operations to countries in Asia," says the author. Since the machine tool industry is dependent on the state of the economy and specifically manufacturing levels, this shift will help the Chinese and East European markets expand. However, this growth will be mostly at the expense of the North American, European and Japanese markets.
Cutting tools manufacturers themselves are shifting production to these regions to lower their costs and be closer to their markets.
Consolidation Forces Small Companies to Rethink Their Competitive Strategies
"Established companies in the metal cutting and metal finishing segments are buying smaller companies, consolidating product lines and business interests, and expanding to new geographical places," says the analyst. As a result, smaller companies are focusing on market niches - specific product ranges, geographic areas, machine types, or end users - and adapting their competitive strategies to sustain their market share.
The overall metal cutting tools market is expected to improve as the economy improves and manufacturing picks up. Carbide tools are rapidly replacing steel in the metal cutting and forming industries. The metal finishing segment on the other hand is experiencing a surge in the use of super abrasives.
Table of Contents
- EXECUTIVE SUMMARY
- Market Overview
- Introduction to the World Machine Tools-Cutting Tools Market
- Competitive Analysis
- Market and Technologies
- Major Research Findings
- Opportunities and Forecasts
- Market Segment Overview
- Strategic Conclusions
- TOTAL MACHINE TOOLS-CUTTING TOOLS MARKET
- Overview and Definitions
- Market Overview and Definitions
- Observations and Analysis
- Market Forecasts and Trends
- Revenue Forecasts
- Product Type Analysis
- Market and Technology Trends
- End-User Analysis
- Total End-User Analysis
- Job Shops
- Automotive
- Heavy Industry
- Aerospace and Defense
- Oil and Gas
- Off Highway and Construction
- Appliances
- Geographical Analysis
- Total Geographic Analysis
- North America
- Europe
- Asia-Pacific
- Rest-of-World
- Challenges
- Primary Challenges
- Secondary Challenges
- Frost and Sullivan Awards
- Market Leadership Award
- Growth Strategy Award
- Growth Strategy Award
- WORLD METAL CUTTING TOOLS MARKET
- Market Overview and Definitions
- Introduction
- Market Engineering Research Measurement Analysis
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Forecasts and Trends
- Revenue Forecasts
- Technology Trends
- Product Type Analysis
- Total Product Type Analysis
- Milling
- Turning
- Drilling
- Reaming
- Saw Blading
- Boring
- Broaching
- Gear Cutting
- Others
- End-User Analysis
- Total End-User Analysis
- Job Shops
- Automotive
- Aerospace and Defense
- Heavy Industry
- Oil and Gas
- Off Highway and Construction
- Appliances
- Others
- Geographical Analysis
- Total Geographic Analysis
- North America
- Europe
- Asia Pacific
- Rest-of-World
- Other Market Trends
- Distribution Trends
- Pricing Trends
- Competitive Analysis
- Competitive Structure
- Market Share Analysis
- WORLD METAL FORMING TOOLS MARKET
- Market Overview and Definitions
- Introduction
- Market Engineering Research Measurement Analysis
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Forecasts and Trends
- Revenue Forecasts
- Technology Trends
- Product Type Analysis
- Total Product Type analysis
- Forming Tools
- Punches and Dies
- Shear Knives
- Taps and Threads
- Thread Mills
- Knurling
- End-User Analysis
- Total End-User Analysis
- Job Shops
- Automotive
- Aerospace and Defense
- Heavy Industry
- Oil and Gas
- Off Highway and Construction
- Appliances
- Others
- Geographical Analysis
- Total Geographic Analysis
- North America
- Europe
- Asia Pacific
- Rest-of-World
- Other Market Trends
- Distribution Trends
- Pricing Trends
- Competitive Analysis
- Competitive Structure
- Market Share Analysis
- WORLD METAL FINISHING TOOLS MARKET
- Market Overview and Definitions
- Introduction
- Market Engineering Research Measurement Analysis
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Forecasts and Trends
- Revenue Forecasts
- Technology Trends
- Product Type Analysis
- Total Product Type Analysis
- Finishing
- Superfinishing
- End-User Analysis
- Total End-User Analysis
- Job Shops
- Automotive
- Aerospace and Defense
- Heavy Industry
- Oil and Gas
- Off Highway and Construction
- Appliances
- Others
- Geographic Analysis
- Total Geographic Analysis
- North America
- Europe
- Asia Pacific
- Rest-of-World
- Other Market Trends
- Pricing Trends
- Distribution Trends
- Competitive Analysis
- Competitive Structure
- Market Share Analysis
- APPENDIX
- Decision Support Database
- Nominal Gross Domestic Product
- Percentage Contribution of Industry to GDP
- Machine Tool Production
- Number of Manufacturing Enterprises
- Military Expenditure
- Personal Disposable Income
- Total Vehicle Production
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