Overview of the Global Market for Machine-Tool For Removing Material
Market Overview
In 
, the global machine-tool for removing material market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2019 to , the growth of the global market remained at a somewhat lower figure.
In value terms, machine-tool for removing material production dropped to $ in estimated in export prices. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2019 to , global production growth remained at a lower figure.
The countries with the highest volumes of machine-tool for removing material production in were China ( units), Japan ( units) and Italy ( units), together comprising % of global production. These countries were followed by France, Mexico, Germany, Ethiopia, Switzerland, Spain, Taiwan, Chinese, South Korea, Turkey and India, which together accounted for a further %.
From 2007 to, the most notable rate of growth in terms of machine-tool for removing material production, amongst the leading producing countries, was attained by Taiwan, Chinese, while machine-tool for removing material production for the other global leaders experienced more modest paces of growth.
, the global machine-tool for removing material market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2019 to , the growth of the global market remained at a somewhat lower figure.In value terms, machine-tool for removing material production dropped to $
in estimated in export prices. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2019 to , global production growth remained at a lower figure.The countries with the highest volumes of machine-tool for removing material production in
were China ( units), Japan ( units) and Italy ( units), together comprising % of global production. These countries were followed by France, Mexico, Germany, Ethiopia, Switzerland, Spain, Taiwan, Chinese, South Korea, Turkey and India, which together accounted for a further %.From 2007 to
, the most notable rate of growth in terms of machine-tool for removing material production, amongst the leading producing countries, was attained by Taiwan, Chinese, while machine-tool for removing material production for the other global leaders experienced more modest paces of growth.Consumption
In , consumption of machine-tools for working any material by removal of material decreased by -% to units, falling for the second consecutive year after two years of growth. In general, consumption showed a slight descent. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, consumption attained the peak volume of units. From 2019 to , the growth of the global consumption remained at a lower figure.
The global machine-tool for removing material market value shrank to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable decline. The growth pace was the most rapid in 2018 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2019 to , the growth of the global market remained at a somewhat lower figure.
, consumption of machine-tools for working any material by removal of material decreased by -% to units, falling for the second consecutive year after two years of growth. In general, consumption showed a slight descent. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, consumption attained the peak volume of units. From 2019 to , the growth of the global consumption remained at a lower figure.The global machine-tool for removing material market value shrank to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable decline. The growth pace was the most rapid in 2018 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2019 to , the growth of the global market remained at a somewhat lower figure.Consumption By Country
The countries with the highest volumes of machine-tool for removing material consumption in were China ( units), Japan ( units) and the UK ( units), with a combined % share of global consumption. The Netherlands, the U.S., Spain, Australia, India, Mexico, Italy, Germany, Ethiopia and France lagged somewhat behind, together accounting for a further %.
From 2007 to, the biggest increases were in the Netherlands, while machine-tool for removing material consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($), China ($) and the U.S. ($) appeared to be the countries with the highest levels of market value in , together comprising % of the global market. These countries were followed by Germany, Italy, Mexico, India, France, Spain, the UK, the Netherlands, Australia and Ethiopia, which together accounted for a further %.
In terms of the main consuming countries, Mexico saw the highest rates of growth with regard to market size, over the period under review, while machine-tool for removing material market for the other global leaders experienced more modest paces of growth.
In, the highest levels of machine-tool for removing material per capita consumption was registered in the Netherlands ( units per million persons), followed by Australia ( units per million persons), Japan ( units per million persons) and the UK ( units per million persons), while the world average per capita consumption of machine-tool for removing material was estimated at units per million persons.
From 2007 to, the average annual rate of growth in terms of the machine-tool for removing material per capita consumption in the Netherlands amounted to +%. In the other countries, the average annual rates were as follows: Australia (+% per year) and Japan (-% per year).
were China ( units), Japan ( units) and the UK ( units), with a combined % share of global consumption. The Netherlands, the U.S., Spain, Australia, India, Mexico, Italy, Germany, Ethiopia and France lagged somewhat behind, together accounting for a further %.From 2007 to
, the biggest increases were in the Netherlands, while machine-tool for removing material consumption for the other global leaders experienced more modest paces of growth.In value terms, Japan ($
), China ($) and the U.S. ($) appeared to be the countries with the highest levels of market value in , together comprising % of the global market. These countries were followed by Germany, Italy, Mexico, India, France, Spain, the UK, the Netherlands, Australia and Ethiopia, which together accounted for a further %.In terms of the main consuming countries, Mexico saw the highest rates of growth with regard to market size, over the period under review, while machine-tool for removing material market for the other global leaders experienced more modest paces of growth.
In
, the highest levels of machine-tool for removing material per capita consumption was registered in the Netherlands ( units per million persons), followed by Australia ( units per million persons), Japan ( units per million persons) and the UK ( units per million persons), while the world average per capita consumption of machine-tool for removing material was estimated at units per million persons.From 2007 to
, the average annual rate of growth in terms of the machine-tool for removing material per capita consumption in the Netherlands amounted to +%. In the other countries, the average annual rates were as follows: Australia (+% per year) and Japan (-% per year).Market Forecast
Driven by rising demand for machine-tool for removing material worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .
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