Metalworking machinery manufacturing market industry includes companies 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.
The top five companies covered are TRUMPF Group, Amada Co., Ltd., Kennametal, Inc., Komatsu Ltd and Okuma Corporation. TRUMPF Group was the largest company in the metalworking machinery manufacturing market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global metalworking machinery manufacturing market was valued around $312 billion in 2017. Asia Pacific was the largest region in the metalworking machinery manufacturing market in 2017, accounting for around 52% of the total market. China was the largest country in the market accounting for around 23% of the total market.
Rolling mill machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers and grinders.