Multi-Tasking Machine Tools Market Research Report - Global Forecast to 2027

Multi-Tasking Machine Tools Market Information Report by Product Type (Milling, Drilling, Turning, and Others), by Application (Automotive, General Machinery, Aerospace, and others) and By Region - Forecast To 2027

ID: MRFR/IA - E/2740-HCR | February 2021 | Region: Global | 111 pages

Multi-Tasking Machine Tools Market Scenario


Multi-tasking machine tools market is expected to grow at a CAGR of 2.9% during the forecast period.


On the basis of region, global multi-tasking machine tools market is segmented in to North America, Europe, Asia-Pacific and Rest of the World (RoW). North America dominates the global Multi-tasking machine tools market. Growing use of multi-tasking machines in the aerospace industry and high labor cost are the factors drive the growth of the market in North America region. The Asia-Pacific region is expected to be the fastest growing region for the Multi-tasking machine tools. Continuously growing automotive, and manufacturing sector in countries like China and India driving the growth of the market in APAC region.


Key Players:


The prominent players in the multi-tasking machine tools Market include Doosan Machine Tools Co. Ltd. (U.S.), Yamazaki Mazak Corporation (Japan), Nakamura-Tome Precision Industry Co., Ltd. (japan), Jyoti CNC Automation Ltd. (India), Takisawa machine tool co., ltd.  (Japan), Tongtai Machine & Tool Co., Ltd. (Taiwan), Trevisan Machine Tool. (U.S.), DMG Mori Co., Ltd. (Japan), Accuway Machinery Co., Ltd. (Taiwan) and Okuma India Pvt. Ltd. (India).


Recently, Doosan Machine Tools Co. introduces 3rd generation Mill-Turn Multi-tasking Machine, the Puma SMX 3100S. It integrates the capabilities of a vertical machining center and horizontal turning center into one platform.


Global multi tasking machine tools Market has been segmented based on product type, application and region. On the basis of product type, the market is segmented into milling, drilling, turning, and others. The milling tool dominates the product type segment of the market. Milling cutters and gear cutters find a wide variety of use in the automotive and aerospace industries. Drilling, and Turning segment is expected to contribute significantly during the forecast period. On the basis of application, the market is segmented into Automotive, General Machinery, Aerospace, and others. Automotive sector dominates the application segment of the market. Growing automotive sector across the globe particularly in China and India driving the growth of the market. Aerospace sector is the fastest growing application due to growing use of multi-tasking machines in the aerospace industry is the cutting of various materials and alloys which are difficult to cut.


The Multi-tasking machine has the ability to perform various operations without manual intervention. It assembled with multi-tasking machine tools that complete all operations required to completely manufacture the part in single machine setup. It include milling, drilling, turning, and others operations.


Segmentation: Global Multi-Tasking Machine Tools Market


 Machine Tools


The report for Global Multi-Tasking Machine Tools Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2.9% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, and Application
  Geographies Covered   orth America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Doosan Machine Tools Co. Ltd. (U.S.), Yamazaki Mazak Corporation (Japan), Nakamura-Tome Precision Industry Co., Ltd. (japan), Jyoti CNC Automation Ltd. (India), Takisawa machine tool co., ltd. (Japan), Tongtai Machine & Tool Co., Ltd. (Taiwan), Trevisan Machine Tool. (U.S.), DMG Mori Co., Ltd. (Japan), Accuway Machinery Co., Ltd. (Taiwan) and Okuma India Pvt. Ltd. (India)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Growing automotive sector across the globe
  • Growing use of multi-tasking machines in the aerospace industry


  • Frequently Asked Questions (FAQ) :


    By the angle of the region, the global multi-tasking machine tools market has included the regions of North America, Europe, Asia-Pacific and Rest of the World (RoW).

    It is the North America region that has been dominating the global multi-tasking machine tools market owing to multiple top factors implementing at a worldwide level.

    It is the continuously growing automotive and manufacturing sector in countries like China and India, driving the growth of the market in the APAC region.

    Product and application are the segments mentioned in the study of the global • multi-tasking machine tools market?