5-axis Computerized Numerical Control (CNC) machining had already made a significant difference in the metal processing industry by reducing the cycle time,increasing efficiency, and decreasing the wastage of material. With an everincreasing demand from end-user industries, the 6-axis CNC machine has been introduced. This innovation is expected to redefine machining operations. Reduced CAPEX spending by manufacturers has compelled industries to scout for low-cost options. This trend has contributed to the easy reach of refurbished machines for consumers. In addition, the rising demand for these machines is attributed to their cost differential of 50%-75%. This, coupled with the highly fragmented industry scenario, has provided a threat to established players with a possibility of subdued sales. Low-cost manufacturing opportunities in APAC have compelled manufacturers across all industries to move their manufacturing bases to this region. Rising automotive production in Thailand and initiatives such as Make in India have made this region the focal point of global manufacturing. Therefore, Technavio expects this region to lead in the manufacturing market, and in turn, prove to be a major market for sheet metal equipment.

PART 01: Executive summary ............................................ 5

Highlights 5

PART 02: Scope of the report ............................................. 6

Market overview 6

Top-vendor offerings 8

PART 03: Market research methodology ......................... 10

Research methodology 10

Economic indicators 10

PART 04: Introduction ....................................................... 11

Key market highlights 11

Metal cutting 12

Metal forming 13

Metal assembling 13

PART 05: Market landscape .............................................. 15

Market overview 15

PART 06: Market segmentation by application .............. 19

Global sheet metal equipment market 2015-2020:

Segmentation by application 19

Metal-cutting equipment market 19

Metal-forming equipment market 21

Welding equipment market 23

PART 07: Geographical segmentation ............................. 25

Global sheet metal equipment market 2015-2020:

Geographical segmentation 25

APAC 25

Americas 28

EMEA 30

PART 08: Market drivers ................................................... 33

Rise in automation 33

Increase in demand from end-user industries 34

Multiple operations on a single machine 34

Technology re-defining CNC machines 35

Growing demand for fabricated metal products 36

PART 09: Impact of drivers ............................................... 38

PART 10: Market challenges ............................................. 39

Increased use of plastic and fiber 39

Slowdown in Chinese economy 39

Lack of skilled labor 41

Setbacks in European machine tools manufacturing 41

Lack of precision 42

Safety issues with 5-axis machines 43

PART 11: Impact of drivers and challenges .................... 45

PART 12: Market trends .................................................... 46

Robotic waterjets increasing efficiency 46

6-axis CNC machine redefining machining operations 47

Design of new milling tools 47

Metal additive manufacturing (3-D printing) 48

PART 13: Vendor landscape ............................................. 50

Competitive scenario 50

Other prominent vendors 51

PART 14: Key vendor analysis ......................................... 53

Amada 53

TRUMPF 55

U.S. Industrial Machinery 57

DMTG 58

DMG Mori 61

PART 15: Appendix ........................................................... 64

List of abbreviations 64

PART 16: Explore Technavio ............................................ 65