The Machine Tool and Part Manufacturing industry has struggled in the wake of the financial crisis. Prior to the global downturn, industry players enjoyed solid yet average revenue growth as capital expenditure and household spending surged in line with trends in the overall economy. Since then, a collapse in global industrial production and trade has devastated the manufacturing division. Demand for automobiles, other consumer goods and capital goods fell dramatically, and this dampened the need for machine tools economy-wide. Revenue fell at an annualised 4.1% in the five years through 2012-13.
This industry includes companies that manufacture woodworking or metalworking machinery or equipment, or specialised parts for this equipment. These include power-operated tools used for finishing or shaping metal parts. Also included are companies that manufacture pneumatic or power operated hand tools.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.