It is imperative to note before we dive deeper into the key insights of the study what exactly a machine tool is and how are broadly they classified. A machine tool, in its simplest definition is an equipment that requires an external power source, to cut, grind or deform a metal work piece to a predefined shape. The tool in the machine tool is the primary component that comes in direct contact with the work piece to initiate the cutting or deforming process. Machine tools are generally classified into two types that includes metal cutting tools and metal forming tools. Standard parts, considered in the research study is focused towards those that are used in metal forming tools or presses and not in metal cutting tools and hence it can be described as secondary components attached to the metal forming tools that aids in the precise deformation of metals. With growing demand from the end use industry for newer metal forming tools in China, the consumption of standard parts have been on a rise registering a value of US$ 455.4 Mn by the end of 2017 and expected to hit US$ 703.5 Mn by the end of 2028 with a growth CAGR of 4.1% for a period of 10 years (2018-2028).
From a global perspective, China is among the largest consumers of machine tools, including both metal cutting and metal forming tools. This is due to the fact that the manufacturing industry as a whole has been thriving positively in the country post the recession of 2009. Some of the important drivers contributing the growth of china standard parts for tool making market include dual growth of automotive & auto parts industry, initiation & rise of aircraft production in the country, improvements in foreign direct investments (FDI) & foreign invested enterprises (FIE) inflows, growth in fixed asset investment and others. Some of the opportunities for the manufacturers of standard parts to tap onto in order to increase the revenue returns include development new schemes such as China Manufacturing 2025 (CM2025) Initiative to increase manufacturing activities in the country. The market of standard parts in China faces competition from both developed and emerging economies which can attributed to customers preference towards quality parts that are available outside China, as well as increasing labor costs in the country can influence shifting of parts manufacturing outside China
Standard parts for machine tools in China is segmented on the basis of component type, application, end use industry and sales channel. Looking at the component type segmentation, it is clear that among all the components taken into consideration, the segment that takes up the majority of market share in terms of value are punches & dies. This is due to the fact that these parts are used the most in metal forming tools in addition to incurring the highest price point which can also vary based the size of the component thereby taking up nearly 41% of the total value share in 2017.
The largest users of metal forming tools are the automotive industry including third party workshops that provides parts to the same, hence in the end use industry segment, automotive industry in 2017 takes up nearly 48% and is expected to increase its market share by the end of 2028 with a value CAGR growth of 4.5%.
If we look into the sales channel segment, direct sales segment takes up more than half of the market share is expected to dominate throughout the forecast period registering a CAGR of 4.1%. However, the fastest growing segment among all in this category is taken up by online sales segment with an expected CAGR of 4.6% in terms of value from 2018 to 2028.
Some of the key players covered in standard parts for tool making market operating in China include MISUMI Group Inc., Barnes Group Inc., Erwin Halder KG, Meusburger Georg GmbH & Co KG, Läpple AG, Hong Yue Mold Fittings Ltd., Shenzhen QH Industrial Co., Ltd., Hongkai Precision Metal Stamping Tool And Product Co., Ltd., Agathon AG, STRACK NORMA GmbH & Co. KG., Changsha Borun Mould Co., Ltd., NITROGAS, S.A.U., DADCO, Inc., Jiashan Honglida Sliding Bearing Co., Ltd. among others.
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Fact.MR has released a new market research study on “Standard Parts for Tool Making: China Industry Analysis 2013 – 2017 and Opportunity Assessment; 2018 – 2028” offering readers with deep insights and market study on the same from a Chinese Market point of view. The research findings covers some of the significant factors and aspects that have shaped the overall prosperity of the market, opportunities for the manufacturers to expand their market presence and suppliers/distributors that have gained a considerable footing in the present market circumstances for them to prosper in the upcoming years, changing trends impacting the dynamics of the market and other actionable insights across all the key market segment.
Standard parts for tool making are secondary components utilized in various press machines to support the punch and die tool to perform the necessary operation efficiently. Various standard parts are utilized in this context ranging for springs to nuts & bolts. The China Standard Parts for Tool Making Market is expected for a value growth of 4.1% CAGR over the forecast period ranging from 2018 to 2028.
The market is divided into four segments based on component type, application, sales channel and end use industry. The market value of standard parts for tool making is given in terms of US$ Mn throughout all the segments. Each category within all the segments is clearly described and defined in the research report study in order to help the reader understand the scope and boundaries of the research. The report also offers important drivers as well as roadblocks upsetting the growth of the market throughout the forecast period. Dynamic trends, supply chain movement and purchase patterns of standard parts for tool making end users are taken into consideration and analyzed thoroughly, which is thus incorporated in the research study to equip the client with useful and comprehensive information about the changes taking place in the market leading to inspired decision making for players involved from both the supply and demand side. Other important frameworks such as macroeconomic factors, industrial growth, global machine tool industry, China machine tool industry, relevant end use industry outlook, porter’s five forces analysis, PESTLE analysis, segmental trends and forecasting factors are utilized and covered in the report providing the reader with valuable market intelligence and insights.
The market segmentation offered in the report study is mentioned below:
By Component Type
- Guide Pillars
- Bushes & Cages
- Die & Gas Springs
- Punches & Dies
- Pillar & Bush Blocks
- Dowel Pins (Set of 100)
- Steel Plates
- Others (Set of 100)
By End Use Industry
- Industrial Engineering and Equipment
- Consumer Goods
- Aerospace & Defense
By Sales Channel
- Direct Sales
- Retail Sales
- Online Sales
Important statistics such as market share of the company, production volume per year, end user industry data points among others are taken into account for the purpose of gaining an idea regarding the volumetric sales of standard parts for tool making. Secondary sources are referred to cross check with the calculated market volume numbers and the same is confirmed through primary sources from the standard parts for tool making manufacturers and well known suppliers in order to achieve near perfect volume number.
The standard parts for tool making market is forecasted for a period of 10 years beginning from 2018, taken as the base year for the market numbers calculation and projected till 2028. The current size of the market, as well as the information gathered from the demand and supply side in addition to sales pattern of end use industries shaping the market
The forecasts covered in the report study is presented in terms of compound annual growth rate or CAGR, while other important parameters such as yearly growth and absolute dollar opportunity are also covered in the study to present the reader with crystal clear insights and comprehensive knowledge on the said market
Lastly, indispensable parameters namely market attractive index and impact analysis of both the drivers and restraints across the country are covered in the study offering insights about the dynamics, growth and untapped potential in the standard parts for tool making market. Extensive profiling of major players involved in the manufacture of standard parts for tool making are included in the final chapter of the report detailing the financials, developments, weaknesses and competitive strategies adopted to gain a foothold in the market.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Fact.MR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. China Standard Parts for Tool Making Market Analysis Scenario
3.1.1. Market Volume Projections
3.1.2. Market Size and Y-o-Y Growth
3.1.3. Absolute $ Opportunity
3.2. Pricing Analysis, 2017
3.3. Macro-Economic Factors
3.4. Global Machine Tool Outlook
3.5. China Machine Tool Outlook
3.6. China Manufacturing PMI 2012-2018
3.7. Import-Export Scenario of General Machinery
3.8. What Market Participants are saying?
3.9. Key Strategies for Growth
3.10. Value Chain Analysis
3.11. Market Dynamics
3.12. Porters’ Five Forces Analysis
3.13. PESTEL Analysis
3.14. Forecast Factors: Relevance and Impact
4. China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028, By Component Type
4.1. Introduction / Key Findings
4.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Trend Analysis By Component Type, 2013–2017
4.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Component Type, 2018–2028
4.3.1. Guide Pillars
4.3.2. Bushes & Cages
4.3.3. Die & Gas Springs
4.3.4. Punches & Dies
4.3.5. Pillar & Bush Blocks
4.3.6. Dowel Pins (Set of 100)
4.3.7. Steel Plates
4.3.8. Others (Set of 100)
4.4. Market Attractiveness Analysis By Component Type
4.5. Section Summary
5. China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Trend Analysis By Application, 2013–2017
5.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application, 2018–2028
5.4. Market Attractiveness Analysis By Application
5.5. Section Summary
6. China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028, By End Use Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Trend Analysis By End Use Industry, 2013–2017
6.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By End Use Industry, 2018–2028
6.3.2. Industrial Engineering and Equipment
6.3.3. Consumer Goods
6.3.4. Aerospace & Defense
6.4. Market Attractiveness Analysis By End Use Industry
6.5. Section Summary
7. China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028 By Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Sales Channel, 2013–2017
7.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel, 2017 - 2027
7.3.1. Direct Sales
7.3.2. Retail Sales
7.3.3. Online Sales
7.4. Market Attractiveness Analysis By Sales Channel
7.5. Section Summary
8. Competition Landscape
8.1. Competition Intensity Mapping By Market Taxonomy
8.2. Market Structure
8.3. Competition Dashboard
8.4. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
8.4.1. MISUMI Group Inc.
8.4.2. Barnes Group Inc.
8.4.3. Erwin Halder KG
8.4.4. Meusburger Georg GmbH & Co KG
8.4.5. Läpple AG
8.4.6. Hong Yue Mold Fittings Ltd.
8.4.7. Shenzhen QH Industrial Co., Ltd.
8.4.8. Hongkai Precision Metal Stamping Tool And Product Co., Ltd.
8.4.9. Agathon AG
8.4.10. STRACK NORMA GmbH & Co. KG.
8.4.11. Changsha Borun Mould Co., Ltd.
8.4.12. NITROGAS, S.A.U.
8.4.13. DADCO, Inc.
8.4.14. Jiashan Honglida Sliding Bearing Co., Ltd.
8.4.15. Rabourdin Industrie
9. Assumptions and Acronyms
10. Research Methodology
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