Updated Sep 30, 2022 20:44

Metal Treating Machine Market in Asia-Pacific

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In , the Asia-Pacific metal treating machine market increased by % to $, rising for the fifth year in a row after two years of decline. Overall, consumption recorded a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In value terms, metal treating machine production declined to $ in estimated in export price. In general, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2009 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in , and then reduced in the following year.

The countries with the highest volumes of production in were China ( units), India ( units) and Japan ( units), together comprising % of total production. These countries were followed by South Korea and Australia, which together accounted for a further %.

From 2007 to , the biggest increases were recorded for South Korea (with a CAGR of +%), while production for the other leaders experienced more modest paces of growth.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
For the third year in a row, Asia-Pacific recorded growth in consumption of machines for treating metal, having individual functions, which increased by % to units in . The total consumption indicated a moderate expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. The volume of consumption peaked in and is likely to see steady growth in the immediate term.

The revenue of the metal treating machine market in Asia-Pacific stood at $ in , remaining relatively unchanged 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 posted a strong expansion. The level of consumption peaked in and is likely to see steady growth in the immediate term.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
China ( units) remains the largest metal treating machine consuming country in Asia-Pacific, comprising approx. % of total volume. Moreover, metal treating machine consumption in China exceeded the figures recorded by the second-largest consumer, India ( units), twofold. Indonesia ( 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 China stood at +%. In the other countries, the average annual rates were as follows: India (+% per year) and Indonesia (+% per year).

In value terms, Japan ($) led the market, alone. The second position in the ranking was taken by China ($). It was followed by India.

In Japan, the metal treating machine market increased at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: China (+% per year) and India (+% per year).

In No countries metal treating machine per capita consumption remained relatively stable over the period from 2007-.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for metal treating machine in Asia-Pacific, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, 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 .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .