Metalworking and Maintenance Machinery
Metalworking and Maintenance Machinery Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Metalworking and Maintenance Machinery Market Size and Growth
The Metalworking and Maintenance Machinery market is projected to grow significantly, driven by increasing industrial automation and demand across sectors. The market size reached approximately $100 billion in 2023, with a CAGR of 4.5% anticipated through 2030. Key trends include advancements in technology and a focus on sustainability and efficiency.
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Companies Covered
(Covid 19 Impact Covered)
◍ TRUMPF Group
◍ Okuma Corporation
◍ Hardinge
◍ Amada
◍ Kennametal
◍ Komatsu
◍ DMG Mori Aktiengesellschaft
◍ JTEKT Corporation
◍ Fives Machining Systems
◍ Shenyang Machine Tool
The Metalworking and Maintenance Machinery Market is competitive, with companies like TRUMPF, Okuma, and DMG Mori enhancing production efficiency and precision. Innovations and advanced technologies drive market growth. Notable sales revenues include:
- TRUMPF Group: Approx. $3 billion
- DMG Mori: Approx. $2.5 billion
- Kennametal: Approx. $2.4 billion.
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Market Segmentation
By Application
Automotive
Manufacture
Industrial
Others
By
Product
◍ Metalworking Machinery
Assembly Machines
Welding & Cutting Apparatus
Automotive Maintenance Equipment
Other
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Market Growth
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$ X Billion USD
