The Business Research Company’s latest report Metalworking Machinery Global Market Report 2020 covers Metalworking Machinery market drivers, Metalworking Machinery market trends, Metalworking Machinery market segments, Metalworking Machinery market growth rate, Metalworking Machinery market major players, and Metalworking Machinery market size. The report provides in-depth analysis of the impact of COVID-19 on the Metalworking Machinery industry, along with revised market numbers due to the effects of the coronavirus.
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Metalworking Machinery Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global metalworking machinery market is expected to decline from $265.8 billion in 2019 to $254.7 billion in 2020 at a compound annual growth rate (CAGR) of -4.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $316.4 billion in 2023.
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The report covers the metalworking machinery market’s segments-
1) By Type: Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory
2) By Application: Automotive, Others
3) By Capacity: Small, Medium, Large.
Subsegments covered: Dies, Stamping and Other Tools, Jigs and fixtures, Metal Cutting Tools, Metal Forming Tools, Metal Molds, Other Material Molds, Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery, Metalworking Knives And Bits, Measuring Attachments, Metalworking Drill Bits, Machine Tool Taps And Dies.
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