Global Market for Machine-Tool For Removing Material
Market Overview
In 
, the global machine-tool for removing material market increased by % to $, rising for the third year in a row after three years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.
In value terms, machine-tool for removing material production totaled $ in estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Global production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.
The country with the largest volume of machine-tool for removing material production was Japan ( units), comprising approx. % of total volume. Moreover, machine-tool for removing material production in Japan exceeded the figures recorded by the second-largest producer, China ( units), twofold. The third position in this ranking was occupied by Switzerland ( units), with a % share.
In Japan, machine-tool for removing material production plunged by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and Switzerland (-% per year).
, the global machine-tool for removing material market increased by % to $, rising for the third year in a row after three years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.In value terms, machine-tool for removing material production totaled $
in estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Global production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.The country with the largest volume of machine-tool for removing material production was Japan (
units), comprising approx. % of total volume. Moreover, machine-tool for removing material production in Japan exceeded the figures recorded by the second-largest producer, China ( units), twofold. The third position in this ranking was occupied by Switzerland ( units), with a % share.In Japan, machine-tool for removing material production plunged by an average annual rate of -
% over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and Switzerland (-% per year).Consumption
In , after three years of decline, there was significant growth in consumption of machine-tools for working any material by removal of material, when its volume increased by % to units. Overall, the total consumption indicated mild growth from 2007 to : its volume increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2017 indices. Global consumption peaked at units in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
The global machine-tool for removing material market size rose rapidly to $ in , surging 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). In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $ in 2012; however, from 2013 to , consumption remained at a lower figure.
, after three years of decline, there was significant growth in consumption of machine-tools for working any material by removal of material, when its volume increased by % to units. Overall, the total consumption indicated mild growth from 2007 to : its volume increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2017 indices. Global consumption peaked at units in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.The global machine-tool for removing material market size rose rapidly to $
in , surging 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). In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $ in 2012; however, from 2013 to , consumption remained at a lower figure.Consumption By Country
The country with the largest volume of machine-tool for removing material consumption was South Africa ( units), accounting for % of total volume. Moreover, machine-tool for removing material consumption in South Africa exceeded the figures recorded by the second-largest consumer, Japan ( units), fourfold. South Korea ( units) ranked third in terms of total consumption with a % share.
From 2007 to, the average annual rate of growth in terms of volume in South Africa stood at +%. In the other countries, the average annual rates were as follows: Japan (-% per year) and South Korea (+% per year).
In value terms, Japan ($) led the market, alone. The second position in the ranking was occupied by the United States ($). It was followed by South Korea.
In Japan, the machine-tool for removing material market contracted by an average annual rate of -% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+% per year) and South Korea (+% per year).
In, the highest levels of machine-tool for removing material per capita consumption was registered in South Africa ( units per persons), followed by the Netherlands ( units per persons), Japan ( units per persons) and South Korea ( units per persons), while the world average per capita consumption of machine-tool for removing material was estimated at units per persons.
From 2007 to, the average annual rate of growth in terms of the machine-tool for removing material per capita consumption in South Africa totaled +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+% per year) and Japan (-% per year).
units), accounting for % of total volume. Moreover, machine-tool for removing material consumption in South Africa exceeded the figures recorded by the second-largest consumer, Japan ( units), fourfold. South Korea ( units) ranked third in terms of total consumption with a % share.From 2007 to
, the average annual rate of growth in terms of volume in South Africa stood at +%. In the other countries, the average annual rates were as follows: Japan (-% per year) and South Korea (+% per year).In value terms, Japan ($
) led the market, alone. The second position in the ranking was occupied by the United States ($). It was followed by South Korea.In Japan, the machine-tool for removing material market contracted by an average annual rate of -
% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+% per year) and South Korea (+% per year).In
, the highest levels of machine-tool for removing material per capita consumption was registered in South Africa ( units per persons), followed by the Netherlands ( units per persons), Japan ( units per persons) and South Korea ( units per persons), while the world average per capita consumption of machine-tool for removing material was estimated at units per persons.From 2007 to
, the average annual rate of growth in terms of the machine-tool for removing material per capita consumption in South Africa totaled +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+% per year) and Japan (-% per year).Market Forecast
Driven by increasing demand for machine-tool for removing material worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding 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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