The Latin America, Middle East and Africa Machine Tools Market would witness market growth of 6.1% CAGR during the forecast period (2021-2027).
All machine tools must have work-holding and tool-holding systems, as well as a way to precisely control the cut depth. The cutting speed is the rate at which the tool's cutting edge moves relative to the work, whereas the feed motion is the rate at which uncut material is put into contact with the tool. It is necessary to give means for modifying both.
Temperatures must be managed since an overheated tool may lose its cutting capabilities. The amount of heat created is proportional to the shearing force and cutting speed. Due to the shearing force changes depending on the material being cut and the tool material's tolerance for high temperatures varying, the best cutting speed is determined by both the material being cut and the cutting-tool material. The stiffness of the machine, the shape of the work piece, and the depth of the cut all have a role.
In modern industry, hundreds of different types of metal machine tools are employed, ranging in size from small machines installed on workbenches to massive production machines weighing several hundred tons. They still have the same basic qualities as their 19th- and early-20th-century forefathers and are classified as one of the following: lathes and boring mills, shapers and planers, drilling machines, milling machines, grinding machines, power saws, and presses are all examples of turning machinery.
Brazil has a thriving automotive industry that accounts for 4% of the country's GDP and generated around US$ 60 billion in net revenue in 2016 when autos and auto components were combined. In 2017, the sector exported US$ 19.7 billion and imported US$ 18.9 billion, resulting in an US$ 800 million trade surplus. The automobile industry in Brazil also benefits from the ex-tariff system, which entails a temporary decrease in the Import Tax on particular products that do not have a Brazilian counterpart. In May 2018, Brazil's Chamber of Foreign Trade issued Resolution No. 28/2018, which added 12 items to the list of products that profit from the regime, primarily motor engines, and motor parts.
Manufacturing has been regarded as a critical industry that can help the country achieve long-term growth. The UAE is dedicated to helping the industry by continuing to support the currently underway production of raw materials in steel, aluminum, glass, and other building materials through its industrial manufacturing companies
The Brazil market dominated the LAMEA Machine Tools Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,688.7 million by 2027. The Argentina market is estimated to witness a CAGR of 6.6% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 5.8% during (2021 - 2027).
Based on Type, the market is segmented into Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, and Others. Based on Technology, the market is segmented into Computer Numerical Control (CNC) and Conventional. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End-use, the market is segmented into Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Machine Tools Market is Predict to reach $96.8 Billion by 2027, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hyundai Wia Corporation (Hyundai Motor Company), Schuler Group GmbH, CHIRON Group, JTEKT Corporation, AMADA CO., LTD., Okuma Corporation, DMG Mori Co. Ltd., Komatsu Ltd., Georg Fischer Ltd., and Makino Milling Machine Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
By Technology
- Computer Numerical Control (CNC)
- Conventional
By Sales Channel
By End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hyundai Wia Corporation (Hyundai Motor Company)
- Schuler Group GmbH
- CHIRON Group
- JTEKT Corporation
- AMADA CO., LTD.
- Okuma Corporation
- DMG Mori Co. Ltd.
- Komatsu Ltd.
- Georg Fischer Ltd.
- Makino Milling Machine Co., Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Machine Tools Market, by Type
1.4.2 LAMEA Machine Tools Market, by Technology
1.4.3 LAMEA Machine Tools Market, by Sales Channel
1.4.4 LAMEA Machine Tools Market, by End-use
1.4.5 LAMEA Machine Tools Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Jun – 2022, Jan) Leading Players
3.3.3 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Jun) Leading Players
Chapter 4. LAMEA Machine Tools Market by Type
4.1 LAMEA Lathe Machines Market by Country
4.2 LAMEA Milling Machines Market by Country
4.3 LAMEA Laser Machines Market by Country
4.4 LAMEA Grinding Machines Market by Country
4.5 LAMEA Welding Machines Market by Country
4.6 LAMEA Winding Machines Market by Country
4.7 LAMEA Others Market by Country
Chapter 5. LAMEA Machine Tools Market by Technology
5.1 LAMEA Computer Numerical Control (CNC) Market by Country
5.2 LAMEA Conventional Market by Country
Chapter 6. LAMEA Machine Tools Market by Sales Channel
6.1 LAMEA Direct Market by Country
6.2 LAMEA Indirect Market by Country
Chapter 7. LAMEA Machine Tools Market by End-use
7.1 LAMEA Automotive Market by Country
7.2 LAMEA Aerospace & Defense Market by Country
7.3 LAMEA Construction Equipment Market by Country
7.4 LAMEA Power & Energy Market by Country
7.5 LAMEA Industrial Market by Country
7.6 LAMEA Others Market by Country
Chapter 8. LAMEA Machine Tools Market by Country
8.1 Brazil Machine Tools Market
8.1.1 Brazil Machine Tools Market by Type
8.1.2 Brazil Machine Tools Market by Technology
8.1.3 Brazil Machine Tools Market by Sales Channel
8.1.4 Brazil Machine Tools Market by End-use
8.2 Argentina Machine Tools Market
8.2.1 Argentina Machine Tools Market by Type
8.2.2 Argentina Machine Tools Market by Technology
8.2.3 Argentina Machine Tools Market by Sales Channel
8.2.4 Argentina Machine Tools Market by End-use
8.3 UAE Machine Tools Market
8.3.1 UAE Machine Tools Market by Type
8.3.2 UAE Machine Tools Market by Technology
8.3.3 UAE Machine Tools Market by Sales Channel
8.3.4 UAE Machine Tools Market by End-use
8.4 Saudi Arabia Machine Tools Market
8.4.1 Saudi Arabia Machine Tools Market by Type
8.4.2 Saudi Arabia Machine Tools Market by Technology
8.4.3 Saudi Arabia Machine Tools Market by Sales Channel
8.4.4 Saudi Arabia Machine Tools Market by End-use
8.5 South Africa Machine Tools Market
8.5.1 South Africa Machine Tools Market by Type
8.5.2 South Africa Machine Tools Market by Technology
8.5.3 South Africa Machine Tools Market by Sales Channel
8.5.4 South Africa Machine Tools Market by End-use
8.6 Nigeria Machine Tools Market
8.6.1 Nigeria Machine Tools Market by Type
8.6.2 Nigeria Machine Tools Market by Technology
8.6.3 Nigeria Machine Tools Market by Sales Channel
8.6.4 Nigeria Machine Tools Market by End-use
8.7 Rest of LAMEA Machine Tools Market
8.7.1 Rest of LAMEA Machine Tools Market by Type
8.7.2 Rest of LAMEA Machine Tools Market by Technology
8.7.3 Rest of LAMEA Machine Tools Market by Sales Channel
8.7.4 Rest of LAMEA Machine Tools Market by End-use
Chapter 9. Company Profiles
9.1 Hyundai Wia Corporation (Hyundai Motor Company)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.2 Schuler Group GmbH (Andritz Group)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.3 CHIRON Group SE (Hoberg and Driesch GmbH & Co.)
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Product Launches and Product Expansions:
9.4 JTEKT Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 AMADA CO., LTD.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Okuma Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisition and Mergers:
9.6.5.4 Geographical Expansions:
9.6.6 SWOT Analysis
9.7 DMG MORI CO., LTD.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Product Launches and Product Expansions:
9.7.4.3 Acquisition and Mergers:
9.8 Komatsu Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Acquisition and Mergers:
9.9 Georg Fischer Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Makino Milling Machine Co., Ltd.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.2.2 Acquisition and Mergers:
TABLE 1 LAMEA Machine Tools Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Machine Tools Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Machine Tools Market
TABLE 4 Product Launches And Product Expansions – Machine Tools Market
TABLE 5 Acquisition and Mergers – Machine Tools Market
TABLE 6 Geographical Expansions – Machine Tools Market
TABLE 7 LAMEA Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 8 LAMEA Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 9 LAMEA Lathe Machines Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Lathe Machines Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Milling Machines Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Milling Machines Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Laser Machines Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Laser Machines Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Grinding Machines Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Grinding Machines Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Welding Machines Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Welding Machines Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Winding Machines Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Winding Machines Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 24 LAMEA Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 25 LAMEA Computer Numerical Control (CNC) Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Computer Numerical Control (CNC) Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Conventional Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Conventional Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 30 LAMEA Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 31 LAMEA Direct Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Direct Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Indirect Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA Indirect Market by Country, 2021 - 2027, USD Million
TABLE 35 LAMEA Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 36 LAMEA Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 37 LAMEA Automotive Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA Automotive Market by Country, 2021 - 2027, USD Million
TABLE 39 LAMEA Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 40 LAMEA Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 41 LAMEA Construction Equipment Market by Country, 2017 - 2020, USD Million
TABLE 42 LAMEA Construction Equipment Market by Country, 2021 - 2027, USD Million
TABLE 43 LAMEA Power & Energy Market by Country, 2017 - 2020, USD Million
TABLE 44 LAMEA Power & Energy Market by Country, 2021 - 2027, USD Million
TABLE 45 LAMEA Industrial Market by Country, 2017 - 2020, USD Million
TABLE 46 LAMEA Industrial Market by Country, 2021 - 2027, USD Million
TABLE 47 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 48 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 49 LAMEA Machine Tools Market by Country, 2017 - 2020, USD Million
TABLE 50 LAMEA Machine Tools Market by Country, 2021 - 2027, USD Million
TABLE 51 Brazil Machine Tools Market, 2017 - 2020, USD Million
TABLE 52 Brazil Machine Tools Market, 2021 - 2027, USD Million
TABLE 53 Brazil Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 54 Brazil Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 55 Brazil Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 56 Brazil Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 57 Brazil Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 58 Brazil Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 59 Brazil Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 60 Brazil Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 61 Argentina Machine Tools Market, 2017 - 2020, USD Million
TABLE 62 Argentina Machine Tools Market, 2021 - 2027, USD Million
TABLE 63 Argentina Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 64 Argentina Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 65 Argentina Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 66 Argentina Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 67 Argentina Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 68 Argentina Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 69 Argentina Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 70 Argentina Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 71 UAE Machine Tools Market, 2017 - 2020, USD Million
TABLE 72 UAE Machine Tools Market, 2021 - 2027, USD Million
TABLE 73 UAE Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 74 UAE Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 75 UAE Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 76 UAE Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 77 UAE Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 78 UAE Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 79 UAE Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 80 UAE Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 81 Saudi Arabia Machine Tools Market, 2017 - 2020, USD Million
TABLE 82 Saudi Arabia Machine Tools Market, 2021 - 2027, USD Million
TABLE 83 Saudi Arabia Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 84 Saudi Arabia Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 85 Saudi Arabia Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 86 Saudi Arabia Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 87 Saudi Arabia Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 88 Saudi Arabia Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 89 Saudi Arabia Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 90 Saudi Arabia Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 91 South Africa Machine Tools Market, 2017 - 2020, USD Million
TABLE 92 South Africa Machine Tools Market, 2021 - 2027, USD Million
TABLE 93 South Africa Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 94 South Africa Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 95 South Africa Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 96 South Africa Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 97 South Africa Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 98 South Africa Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 99 South Africa Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 100 South Africa Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 101 Nigeria Machine Tools Market, 2017 - 2020, USD Million
TABLE 102 Nigeria Machine Tools Market, 2021 - 2027, USD Million
TABLE 103 Nigeria Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 104 Nigeria Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 105 Nigeria Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 106 Nigeria Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 107 Nigeria Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 108 Nigeria Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 109 Nigeria Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 110 Nigeria Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 111 Rest of LAMEA Machine Tools Market, 2017 - 2020, USD Million
TABLE 112 Rest of LAMEA Machine Tools Market, 2021 - 2027, USD Million
TABLE 113 Rest of LAMEA Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 114 Rest of LAMEA Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 115 Rest of LAMEA Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 116 Rest of LAMEA Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 117 Rest of LAMEA Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 118 Rest of LAMEA Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 119 Rest of LAMEA Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 120 Rest of LAMEA Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 121 Key information – Hyundai Wia Corporation
TABLE 122 Key information – Schuler Group GmbH
TABLE 123 Key information – CHIRON Group SE
TABLE 124 Key information – JTEKT Corporation
TABLE 125 Key Information – AMADA CO., LTD.
TABLE 126 Key Information – Okuma Corporation
TABLE 127 Key Information – DMG Mori Co. Ltd.
TABLE 128 Key Information – Komatsu Ltd.
TABLE 129 key information – Georg Fischer Ltd.
TABLE 130 Key Information – Makino Milling Machine Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2017, Jun – 2022, Jan) Leading Players
FIG 5 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Jun) Leading Players
FIG 6 Recent strategies and developments: AMADA CO., LTD.
FIG 7 SWOT Analysis: Amada Co., Ltd.
FIG 8 Recent strategies and developments: Okuma Corporation
FIG 9 SWOT Analysis: Okuma Corporation
FIG 10 Recent strategies and developments: DMG Mori Co. Ltd.