Special Purpose Machines Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Special Purpose Machines Market Analysis
The Global Special Purpose Machines Market is expected to grow at a CAGR of more than 4% during the forecast period (2022 -2027). The outbreak of the COVID-19 pandemic has negatively impacted the special purpose machines market. The imposition of various regulations like complete lockdown, social distancing norms, and the ban on imports & exports has disrupted the supply chain of special purpose machines.
The demand for special purpose machines increased with the popularity of the Industrial Revolution and automation in the process. These machines proved to be great to enhance efficiency in production, enabled quality mass productions, and too at affordable prices as compared to standard CNC machines. The special-purpose machines are composed using limit switches, logic controls, automatic job camper, and sensors. Since these machines are customized and automated the processes, the demand has hiked in every industry.
The rise in investments and transformations in traditional manufacturing facilities, as well as the shift to digitised systems, are driving the expansion of the industrial automation spare part components markets. As a result of this change, there has been an increase in the demand for automation systems and, as a result, for industrial automation spare parts. The growing number of SMEs, as well as the necessity to improve the safety of the manufacturing process, are likely to provide a plethora of prospects for market participants.
Special Purpose Machines Market Trends
This section covers the major market trends shaping the Special Purpose Machines Market according to our research experts:
Demand of Special Purpose Machines in Automobile Industry Driving the Market
The use of the Special Purpose Machines beside the automation has reduced the possibility of errors, has conjointly reduced the human fatigue in closing the repetitive operations over and over again. This conjointly ensures the standard and interchange ability of the components by carrying out the same designed processes each time with no shortcuts. The Special Purpose Machines and automatic machines are purposely designed to control unendingly for twenty-four hours each day with the least supervision.
In the United States, Japan, South Korea, Germany, and other European countries, the automotive industry plays a significant part in the overall manufacturing sector. The automobile industry is highly automated for mass production, with strict quality requirements and a high degree of cost sensitivity. The automotive industry has always been at the forefront of promoting automation in production processes - from the production line and robot-supported manufacturing to today's fourth industrial revolution.
The total global car market grew just 4 per cent in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages, while EV sales represented 9 per cent of all passenger car sales in the year 2021. Nearly 85 per cent of EVs sold globally were delivered to customers in Mainland China and Europe. Demand for EVs continues to be strong in Europe. In fact, in many European countries EVs represented more than a quarter of new cars sold.
Growth in Fabrication Equipment:
Governments have been forced to enable the production of various healthcare equipment, beds, and other products with a limited labor workforce, which has fueled demand for metal fabrication equipment in the market. However, as the economy improves and governments remove limitations on manufacturing, demand for metal fabrication equipment is expected to increase in the future years.
Many manufacturers of metal fabrication equipment allow customers to customise their equipment to meet their specific needs. Varied companies have different needs, depending on the raw materials they utilise to make their end goods and the type of environment they work in. Many businesses deal with sensitive raw materials that must be handled with care; as a result, the machinery used to fabricate these commodities must likewise adapt.
Europe is the second-largest market for metal fabrication equipment. Industrialized countries, such as Germany, France, and Italy, are expected to fuel the demand further in near future.
Special Purpose Machines Industry Overview
The Global Special Purpose Machines Market is highly fragmented. Staubli International AG, Mitsubishi Heavy Industries, Ltd., Dalian Machine Tool Group Corporation, HMT Machine Tools Limited, Batliboi Limited are among the major players in the market. These businesses are taking use of strategic collaboration initiatives to grow their market share and profits. Mid-size and smaller businesses, on the other hand, can expand their market presence by gaining new contracts and entering new markets as a result of technology improvements and product breakthroughs.
Special Purpose Machines Market Leaders
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Staubli International AG
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Mitsubishi Heavy Industries, Ltd.
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Dalian Machine Tool Group Corporation
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HMT Machine Tools Limited
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Batliboi Limited
*Disclaimer: Major Players sorted in no particular order
Special Purpose Machines Market News
Nov 2021: Bystronic acquired Antil, an automation expert and an advanced technology company. Through this acquisition, Bystronic would expand its product portfolio in their significant domain and would henceforth be capable of catering to consumer demands efficiently.
Sep 2021: TRUMPF entered into a partnership with Starmatik, the Italian expert for robot automation of sheet metal processing machines. This partnership aimed to increase the supply of particular modular solutions for Trumpf's Smart Factory resolutions which consider the general trend toward automation. Through this partnership, customers can get the advantages of a significant process acceleration.
Special Purpose Machines Market Report - Table of Contents
1. Introduction
1.1 Study Assumptions
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Government Regulations and Initiatives
4.4 Supply Chain/Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Technology Snapshot
4.7 Global Manufacturing Sector
4.8 Metal Working Industry Snapshot
4.9 Impact of COVID-19 on the Market
5. Market Segmentation
5.1 By Type
5.1.1 Metal Working Machines
5.1.2 Parts and Accessories
5.1.3 Installation, Repair , and Maintainence
5.2 By End-user
5.2.1 Automotive
5.2.2 Fabrication and Industrial Machinery Manufacturing
5.2.3 Marine and Aerospace & Defense
5.2.4 Precision Engineering
5.2.5 Rest of the Market
5.3 By Geography
5.3.1 North America
5.3.2 Asia-Pacific
5.3.3 Europe
5.3.4 Latin America
5.3.5 Rest of the World
6. Competitive Landscape
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Staubli International AG
6.2.2 Mitsubishi Heavy Industries, Ltd.
6.2.3 Dalian Machine Tool Group Corporation
6.2.4 HMT Machine Tools Limited
6.2.5 Batliboi Limited
6.2.6 EMAG GmbH & Co. KG
6.2.7 HANN KUEN MACHINERY & HARDWARE CO., LTD.
6.2.8 Global CNC Automation
6.2.9 FIVES group
6.2.10 Renders India Pvt. Ltd.
6.2.11 Invensys Engineers
6.2.12 Mazak Corporation, Premier, Ltd.,
6.2.13 WFT GmbH & Co. KG
6.2.14 Shenoy Engineering Pvt. Limited
6.2.15 Loiretech*
- *List Not Exhaustive
7. Market Opportunities and Future Trends
8. Appendix
Special Purpose Machines Industry Segmentation
Special Purpose machines are an advanced type of programmed and automated type of equipment designed according to the requirements of the clients. The Global Special Purpose Machines Market is segmented By Type (Metal Working Machines, Parts and Accessories, Installation, Repair and Maintenance), By End-user (Automotive, Fabrication and Industrial Machinery Manufacturing, Marine and Aerospace & Defense, Precision Engineering, Rest of the Market), By Geography (North America, Asia-Pacific, Europe, Latin America, Rest of the World). For each segment, the market sizing and forecasts have been done on the basis of value (USD billion).
| By Type | |
| Metal Working Machines | |
| Parts and Accessories | |
| Installation, Repair , and Maintainence |
| By End-user | |
| Automotive | |
| Fabrication and Industrial Machinery Manufacturing | |
| Marine and Aerospace & Defense | |
| Precision Engineering | |
| Rest of the Market |
| By Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Latin America | |
| Rest of the World |
Special Purpose Machines Market Research FAQs
What is the current Global Special Purpose Machines Market size?
The Global Special Purpose Machines Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Global Special Purpose Machines Market?
Staubli International AG, Mitsubishi Heavy Industries, Ltd., Dalian Machine Tool Group Corporation, HMT Machine Tools Limited and Batliboi Limited are the major companies operating in the Global Special Purpose Machines Market.
Which is the fastest growing region in Global Special Purpose Machines Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Special Purpose Machines Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Special Purpose Machines Market.
What years does this Global Special Purpose Machines Market cover?
The report covers the Global Special Purpose Machines Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Special Purpose Machines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Special Purpose Machines Industry Report
Statistics for the 2024 Global Special Purpose Machines market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Global Special Purpose Machines analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
