World - Machine-Tools For Working Any Material By Removal Of Material - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMachine-Tool For Removing Material Market
The article discusses the growth trends in the global machine-tool market for removing material from 2022 to 2030. Consumption and production are both expected to increase, with key countries such as China, India, and the United States driving the market. The report highlights notable growth rates, market sizes, and key players in the industry.
Market Forecast
Driven by increasing demand for machine-tools for working any material by removal of material worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.9M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market value to $26.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Machine-Tools For Working Any Material By Removal Of Material
Global machine-tool for removing material consumption soared to 1.7M units in 2022, jumping by 22% compared with 2021 figures. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak volume of 1.8M units. From 2016 to 2022, the growth of the global consumption remained at a lower figure.
The global machine-tool for removing material market size rose markedly to $19.2B in 2022, growing by 7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the global market attained the maximum level at $28.8B in 2015; however, from 2016 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (219K units), China (142K units) and the Netherlands (138K units), together comprising 30% of global consumption. The United States, Canada, the UK, Japan, Australia, Mexico, Russia, Brazil, Singapore and the Philippines lagged somewhat behind, together comprising a further 45%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the Philippines (with a CAGR of +25.4%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($5.9B) led the market, alone. The second position in the ranking was taken by India ($1.9B). It was followed by the United States.
From 2012 to 2022, the average annual growth rate of value in Japan amounted to -9.9%. In the other countries, the average annual rates were as follows: India (+11.0% per year) and the United States (+11.5% per year).
The countries with the highest levels of machine-tool for removing material per capita consumption in 2022 were the Netherlands (7.9 units per 1000 persons), Singapore (7.5 units per 1000 persons) and Australia (2.7 units per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Philippines (with a CAGR of +23.6%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Machine-Tools For Working Any Material By Removal Of Material
In 2022, production of machine-tools for working any material by removal of material increased by 28% to 1.6M units, rising for the fourth consecutive year after three years of decline. In general, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 95% against the previous year. As a result, production attained the peak volume of 1.7M units. From 2016 to 2022, global production growth remained at a lower figure.
In value terms, machine-tool for removing material production declined to $15.1B in 2022 estimated in export price. Overall, production, however, recorded a slight contraction. The growth pace was the most rapid in 2014 with an increase of 14%. Over the period under review, global production hit record highs at $19.4B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (1M units) constituted the country with the largest volume of machine-tool for removing material production, comprising approx. 64% of total volume. Moreover, machine-tool for removing material production in China exceeded the figures recorded by the second-largest producer, the UK (140K units), sevenfold. Singapore (115K units) ranked third in terms of total production with a 7.1% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +17.5%. The remaining producing countries recorded the following average annual rates of production growth: the UK (+21.0% per year) and Singapore (+12.9% per year).
Imports
World Imports of Machine-Tools For Working Any Material By Removal Of Material
In 2022, overseas purchases of machine-tools for working any material by removal of material increased by 16% to 1.4M units, rising for the sixth consecutive year after two years of decline. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, machine-tool for removing material imports rose markedly to $8.5B in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.
Imports By Country
The countries with the highest levels of machine-tool for removing material imports in 2022 were India (208K units), the Netherlands (199K units) and the United States (158K units), together resulting at 42% of total import. Canada (103K units) took a 7.6% share (based on physical terms) of total imports, which put it in second place, followed by Australia (5.7%), Mexico (4.7%) and Russia (4.7%). Brazil (47K units), the Philippines (42K units), South Africa (32K units), Thailand (32K units) and the UK (27K units) held a relatively small share of total imports.
From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +55.1%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1B) constitutes the largest market for imported machine-tools for working any material by removal of material worldwide, comprising 12% of global imports. The second position in the ranking was taken by the Philippines ($348M), with a 4.1% share of global imports. It was followed by Mexico, with a 3.5% share.
From 2012 to 2022, the average annual growth rate of value in the United States totaled +6.3%. In the other countries, the average annual rates were as follows: the Philippines (+50.0% per year) and Mexico (+8.1% per year).
Import Prices By Country
In 2022, the average machine-tool for removing material import price amounted to $6,262 per unit, which is down by -7.8% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $11,796 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($8,270 per unit), while the Netherlands ($1,011 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.8%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Machine-Tools For Working Any Material By Removal Of Material
For the third year in a row, the global market recorded growth in overseas shipments of machine-tools for working any material by removal of material, which increased by 22% to 1.3M units in 2022. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, machine-tool for removing material exports rose modestly to $8.5B in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29%. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in years to come.
Exports By Country
China prevails in exports structure, amounting to 896K units, which was near 68% of total exports in 2022. Singapore (91K units) took a 7% share (based on physical terms) of total exports, which put it in second place, followed by the UK (5.5%) and the Netherlands (4.7%). The following exporters - the United States (28K units), Germany (26K units) and Japan (25K units) - each resulted at a 6.1% share of total exports.
Exports from China increased at an average annual rate of +19.1% from 2012 to 2022. At the same time, the Netherlands (+20.3%), Singapore (+5.0%), the United States (+2.9%), the UK (+1.9%), Germany (+1.7%) and Japan (+1.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.3% from 2012-2022. While the share of China (+32 p.p.) and the Netherlands (+2.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.7 p.p.), Germany (-3 p.p.), Japan (-3.1 p.p.), Singapore (-5.9 p.p.) and the UK (-8.3 p.p.) displayed negative dynamics.
In value terms, the largest machine-tool for removing material supplying countries worldwide were China ($2B), Japan ($1.3B) and Germany ($1.3B), with a combined 53% share of global exports. The United States, the Netherlands, Singapore and the UK lagged somewhat behind, together comprising a further 9.9%.
The Netherlands, with a CAGR of +19.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average machine-tool for removing material export price stood at $6,502 per unit in 2022, dropping by -14.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 7.7%. The global export price peaked at $13,714 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($50,069 per unit), while the UK ($1,045 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global market for machine-tool for removing material. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28411110 - Machine-tools for working any material by removal of material, operated by laser or other light or photon beam processes
- Prodcom 28411130 - Machine-tools for working any material by removal of material, operated by ultrasonic processes (excluding machines for the manufacture of semiconductor devices or of electronic integrated circuits)
- Prodcom 28411150 - Machine tools for working any material by removal of material, operated by electro-discharge processes
- Prodcom 28411170 - Machine-tools for working any material by removal of material, operated by electro-chemical, electron-beam, ionicbeam or plasma arc processes
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
Discover the world's best import markets for machine-tools for removing material. Get insights into the top countries, import values, and market trends. Utilize IndexBox market intelligence platform for comprehensive data.
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