Global Machining Services Market 2022-2026

Description

List of Tables

Technavio has been monitoring the machining services market and it is poised to grow by $18.07 bn during 2022-2026, accelerating at a CAGR of 4.67% during the forecast period. Our report on the machining services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand in the oil and gas industry, growing demand for machining services from internal combustion engine (ICE)-based automobiles, and growing demand for computer numerical control (CNC) machines.

The machining services market analysis includes the service segment and geographic landscape.

Technavio's machining services market is segmented as below:

By Service

Automotive
General Machinery
Precision engineering
Others

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the emergence of 3D printing in manufacturing as one of the prime reasons driving the machining services market growth during the next few years. Also, the surge in automation and the growing adoption of integrated digital solutions in machining services will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the machining services market covers the following areas:

Machining services market sizing
Machining services market forecast
Machining services market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machining services market vendors that include AMADA Co. Ltd., Chiron Group SE, DMG MORI Co Ltd, DN Solutions Co. Ltd., Electronica Hitech Engineering Pvt. Ltd., General Technology Group Dalian Machine Tool Corp., Georg Fischer Ltd., Gleason Corp., GROB WERKE GmbH and Co. KG, Haas Automation Inc., HOMAG Group AG, Hyundai Wia Corp., JTEKT Corp., karkhana.io, Komatsu Mining Corp., Makino Inc., Micromatic Machine Tools Pvt. Ltd., Okuma Corp., and Spinner Werkzeugmaschinenfabrik GmbH. Also, the machining services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR74438

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Service
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service

5.1 Market segments
Exhibit 24: Chart on Service - Market share 2021-2026 (%)
Exhibit 25: Data Table on Service - Market share 2021-2026 (%)
5.2 Comparison by Service
Exhibit 26: Chart on Comparison by Service
Exhibit 27: Data Table on Comparison by Service
5.3 Automotive - Market size and forecast 2021-2026
Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
5.4 General machinery - Market size and forecast 2021-2026
Exhibit 32: Chart on General machinery - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on General machinery - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on General machinery - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on General machinery - Year-over-year growth 2021-2026 (%)
5.5 Precision engineering - Market size and forecast 2021-2026
Exhibit 36: Chart on Precision engineering - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Data Table on Precision engineering - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Chart on Precision engineering - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Precision engineering - Year-over-year growth 2021-2026 (%)
5.6 Others - Market size and forecast 2021-2026
Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Service
Exhibit 44: Market opportunity by Service ($ billion)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 46: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 47: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 UK - Market size and forecast 2021-2026
Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.11 Canada - Market size and forecast 2021-2026
Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.12 Germany - Market size and forecast 2021-2026
Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 90: Market opportunity By Geographical Landscape ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 91: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 93: Overview on factors of disruption
9.4 Industry risks
Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 95: Vendors covered
10.2 Market positioning of vendors
Exhibit 96: Matrix on vendor position and classification
10.3 AMADA Co. Ltd.
Exhibit 97: AMADA Co. Ltd. - Overview
Exhibit 98: AMADA Co. Ltd. - Business segments
Exhibit 99: AMADA Co. Ltd. - Key news
Exhibit 100: AMADA Co. Ltd. - Key offerings
Exhibit 101: AMADA Co. Ltd. - Segment focus
10.4 Chiron Group SE
Exhibit 102: Chiron Group SE - Overview
Exhibit 103: Chiron Group SE - Product / Service
Exhibit 104: Chiron Group SE - Key offerings
10.5 DMG MORI Co Ltd
Exhibit 105: DMG MORI Co Ltd - Overview
Exhibit 106: DMG MORI Co Ltd - Business segments
Exhibit 107: DMG MORI Co Ltd - Key offerings
Exhibit 108: DMG MORI Co Ltd - Segment focus
10.6 DN Solutions Co. Ltd.
Exhibit 109: DN Solutions Co. Ltd. - Overview
Exhibit 110: DN Solutions Co. Ltd. - Product / Service
Exhibit 111: DN Solutions Co. Ltd. - Key offerings
10.7 Georg Fischer Ltd.
Exhibit 112: Georg Fischer Ltd. - Overview
Exhibit 113: Georg Fischer Ltd. - Business segments
Exhibit 114: Georg Fischer Ltd. - Key offerings
Exhibit 115: Georg Fischer Ltd. - Segment focus
10.8 Hyundai Wia Corp.
Exhibit 116: Hyundai Wia Corp. - Overview
Exhibit 117: Hyundai Wia Corp. - Business segments
Exhibit 118: Hyundai Wia Corp. - Key offerings
Exhibit 119: Hyundai Wia Corp. - Segment focus
10.9 JTEKT Corp.
Exhibit 120: JTEKT Corp. - Overview
Exhibit 121: JTEKT Corp. - Business segments
Exhibit 122: JTEKT Corp. - Key news
Exhibit 123: JTEKT Corp. - Key offerings
Exhibit 124: JTEKT Corp. - Segment focus
10.10 Komatsu Mining Corp.
Exhibit 125: Komatsu Mining Corp. - Overview
Exhibit 126: Komatsu Mining Corp. - Business segments
Exhibit 127: Komatsu Mining Corp. - Key offerings
Exhibit 128: Komatsu Mining Corp. - Segment focus
10.11 Makino Inc.
Exhibit 129: Makino Inc. - Overview
Exhibit 130: Makino Inc. - Business segments
Exhibit 131: Makino Inc. - Key offerings
Exhibit 132: Makino Inc. - Segment focus
10.12 Okuma Corp.
Exhibit 133: Okuma Corp. - Overview
Exhibit 134: Okuma Corp. - Business segments
Exhibit 135: Okuma Corp. - Key offerings
Exhibit 136: Okuma Corp. - Segment focus

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 139: Currency conversion rates for US$
11.4 Research methodology
Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources
11.5 List of abbreviations
Exhibit 143: List of abbreviations