CNC Metal Cutting Machine Tools Market Global Industry Review 2019 To 2023

Posted by Rishikesh Kurane on April 18th, 2019

Market Research Future includes following key players for global CNC Metal Cutting Machine Tools market research study: FANUC CORPORATION (Japan), DMG MORI CO., LTD. (Japan), Okuma Corporation (Japan), JTEKT Corporation (Japan), Komatsu Ltd., (Japan), Hurco Companies, Inc., (US), EMAG GmbH & Co. KG (Germany), Haas Automation, Inc. (US), AMADA MACHINE TOOLS CO., LTD., (Japan), Yamazaki Mazak Corporation (Japan), Dalian Machine Tool Group Corporation (China), and Makino Milling Machine Co., Ltd. (Japan).

The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the Market are DMG MORI CO., LTD. (Japan), Okuma Corporation (Japan), JTEKT Corporation (Japan) and Makino Milling Machine Co., Ltd. (Japan), are among others.

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According to MRFR analysis, DMG MORI CO., LTD. is currently leading the global CNC Metal Cutting Machine Tools market with 4.8% market share. DMG MORI CO., LTD.  is a global provider of turning centers, machining centers, 5-axis/multi-axis machines, and as well as handling, shaping, measuring, and monitoring cycles with lasertec and ultrasonic machines. The company has 14 production facilities and caters to customers in 42 different industries in 79 countries worldwide. It focuses on the development of elementary technologies to improve reliability (durability), cutting performance, accuracy, and energy efficiency of our machine tools.

Makino Milling Machine Co., Ltd. is the second largest company offering CNC Metal Cutting Machine Tools with 3.1% of the total market share. Makino Milling Machine Co., Ltd. is one of the leading companies in the segment of milling machines and machining centers. The company has a wide business portfolio including manufacture, sales, and export of products relevant to machine tools industry. The company has state of the art machine tools and machining technology, which are used in many industries. Makino has presence in North America, Asia-Pacific, and Europe. Makino Milling Machine Co. Ltd. is a leading manufacturer of milling machines and strategizes to offer superior machine tools along with easy and efficient operations access, which helps its customers increase its competitiveness.

Okuma Corporation is the third largest company offering CNC Metal Cutting Machine Tools with 2.9% of the total market share. Okuma Corporation manufacturers Multitasking Machines, 5-Axis Vertical Machining Centres, 5-Axis Horizontal Machining Centre, Super Multitasking Machines, Double-Column Multitasking Machines, CNC Lathes, Machining Centres, Double-Column Machining Centres, CNC Cylindrical Grinders, and CNC Internal Grinders with high accuracy and precision. Besides being in Japan, the production units of the company are majorly located in some other Asia-Pacific countries such as India, and China, and Europe, and North America. It focuses on market penetration and development by strengthening product portfolio and its capabilities. It has been investing in product development activities to develop machines with high speed, high precision and increased functionality centered on the 5-axis machining centres and multitasking machines. 

JTEKT Corporation (Japan) holds the fourth largest market share of the market with 3.1%. JTEKT Corporation is a result of a merger between TOYODA and Koyo Seiko Co. It is a leader in the machine tools and system industry due to its prominent products at competitive prices. It operates through four business segments, which are steering, driveline, bearing, and machine tools & mechatronics. The company has its presence in all the regions such as Asia-Pacific, North America, and Europe. It is focused on continuous building of value, excellent products and professionals, and by improving sales to R&D ratio. The company plans to expand its business in the new verticals such as power assist suits and increase potential from the existing businesses.

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