Mitsubishi Material Corporation, Amada Co., Ltd., Komatsu Ltd., Machine Tools (India) Limited, and Schuler AG, among others, are the major players in the global market for metal forming machine tools.
As per the analysis by Expert Market Research, the global metal forming machine tools market is expected to grow at a CAGR of 4% between 2022 and 2027, owing to the growing awareness of automation.
With the growth in awareness of automation, there has been a notable growth in the market for metal forming machine tools. Also, the rising use of manufactured machinery in aerospace, electronics, and other sectors has pushed the industry growth. Additionally, bending tools that are frequently included in metal shaping machine tools are currently in high demand. The manufacturing industry's production process is made more efficient by the use of metal forming machine tools, which is anticipated to increase consumer demand for the product.
In recent years, the metal forming machine tools market has been dominated by the automotive industry. This development is due to the escalating technological advancements, which include lightweight architectural solutions, seamless communication, and autonomous driving. The market for resource-saving driverless cars is also expanding globally. The general machinery industry is expected to have an increase in the popularity of CNC shaping machine tools since industrial equipment producers are showing a rising preference for high performance and precision tools.
The increased demand for individualised precision equipment will drive the precision engineering sector's rapid expansion. The advent of smart public transportation is also anticipated to significantly boost the transport machinery industry in the upcoming years.
Additionally, the expansion of infrastructure projects in Asia Pacific nations like India, China, Indonesia, and Japan is a significant driver of the metal forming machine tools market growth. In the near future, a large market is anticipated for the rising region of Asia Pacific.
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When Tsukumo Shokai, the forerunner of Mitsubishi Materials Corporation, entered the business of coal and metal mining, the Mitsubishi Group was born. It is a manufacturer of cement, cemented carbide tools, copper and aluminium products, electronic materials, and other high-value-added functional materials and products.
Amada Co, a group of 91 companies, is a global manufacturer of metal working machines and equipment. It has five businesses: sheet metal machinery, grinding machines, stamping press, cutting machine, and micro welding. It provides solutions for these businesses along with software, peripheral equipment, and tooling. The company’s products include blanking machines, press brakes, welding machines, general fabrication machines, software, consumables, and tooling.
Komatsu is a general machine manufacturer which is in the business of construction, mine equipment and utilities, forest machines, and industrial machinery. Additionally, it provides industrial machinery such as sheet metal machines, machine tools, metal forging and stamping presses, defensive systems, and temperature control equipment. A domestic and international sales and distribution network supports Komatsu's operations.
Machine Tools Limited or MTI is a provider of solutions by bringing the best quality machine tools from all over the globe to the Indian industry. They provide services and support both pre-sales and post-sales in public and private sectors. MTI is a manufacturer of metal cutting products, sheet metal products, and many other products. They support and design solutions for the automotive, power generation, railways, aerospace, heavy engineering, and iron and steel sectors.
Schuler AG, a leading manufacturer of systems for sheet metal forming, offers customised cutting-edge technology in all areas of forming. Their customers range from automobile manufacturers and automotive suppliers to household appliance and electrical engineering industries. They also support their customers by supplying innovative system solutions for digital transformation.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.