(EMAILWIRE.COM, July 19, 2018 ) The metalworking machinery manufacturing industry include companies which are manufacturing machines such as cutting tools, metal cutting and metal forming machine tools, metalworking machinery accessories, rolling mill machinery, assembly machinery, fabricating machines, industrial molds, conversion or straightening equipment, special dies, tools, jigs, and fixtures.

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The reason for substantial growth of the market from $312 billion in 2017 to $394 billion by 2021 is due to the regulations surrounding carbon emissions and unstable global metal prices.

The metalworking machinery manufacturing market in The Business Research Company’s report is segmented into five segments, namely special die and tool, die set, jig, and fixture manufacturing, machine tool manufacturing, industrial mold manufacturing, rolling mill and other metalworking machinery manufacturing and cutting tool and machine tool accessory manufacturing. While the first two segment accounts for more than half of the market share, the remaining share is attributed to the other three segments.

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China was the largest country in the metalworking machinery manufacturing market in 2017, accounting for more than one-fifth of the market share. This was mainly due to greater domestic demand stimulated by growth in industrial machinery and transportation equipment industries. China was followed by Japan and USA as the next largest countries in the market.

TRUMPF Group was the largest company in the metalworking machinery manufacturing market, followed by Amada Co., Ltd and Kennametal, Inc. TRUMPF offers production solutions in the machine tool, laser and electronics sectors. The company is headquartered in Ditzingen, Germany and employs around 11,181 people. The company operates through its 71 subsidiaries in Europe, America and Asia-Pacific.

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