Machining Centers Leeching Milling Machine Tools Market
15 December 1999
Machining Centers Leeching Milling Machine Tools Market
SAN ANTONIO--Dec. 14, 1999--Rising costs and declining demand are cutting into the milling machine tool industry's revenues.Machining Centers--now on the upswing--are circling tirelessly, ready to pounce on the weak and infirm among MMT manufacturers.
Frost and Sullivan's new research, "World Machining Center and Milling Machine Tool Markets," examines these interrelated industries. The machining center market generated revenues of $4.48 billion in 1998, with expectations of $6.58 billion in 2005. The machine tools industry generated $1.61 billion in 1998, but revenues are expected to fall to $1.47 billion by 2005.
In the 1990s the milling machine tool market experienced a slowdown--primarily due to cannibalization from Machining Centers. "In this highly competitive market, with proliferation of companies and similar product lines, those players that provide opportunities for one-stop shopping of machines often stand out from the competition," says Frost and Sullivan industry analyst Kumar Gangwani. "Web-based sales and service may be a saving grace for this declining industry."
The global market for Machining Centers is also intensely competitive. An oligopoly with over 100 competitors, the market remains fragmented, with smaller firms looking to boost revenues through differentiation of their products and services. The number of players diminished recently due to significant competition from low-end machining centers and shrinking demand. While Europe and North America have been the traditional powerhouses for MCs, significantly more rapid growth is expected in Asia and Latin America.
Frost & Sullivan presents 1999 Market Engineering Awards to companies making positive contributions to the machining center and milling machine tool industries. The Customer Focus Award is presented to Deckel Maho Gildemeister, the Product Quality Award is given to Makino, while the Product Differentiation Award is awarded to DMG USA and the Best of Breed award goes to Yamazaki Mazak.
Industry participants include Alenco Tool Supply Co; ABS Imports Tools Inc.; Boston Digital; Bridgeport Machines, Inc.; Burkhardt + Weber America, Inc.; Cincinnati Machine; Clausing Industrial, Inc.; D.C. Morrison Company; DMG Inc.; Daewoo Heavy Industries America Corp.; Danobat Machine Tool Co., Inc.; Dayton Machine Tool Co.; DoALL Company; Giddings & Lewis Inc.; Haas Automation, Inc.; Hermes Machine Tool Co., Inc.; Hitachi Seiki USA, Inc.; Ingersoll GmbH Inc.; JMC Technology Group; Kitamura Machinery of USA, Inc.; Komo Machine, Inc.; Kuraki America Corp.; Leland Gifford, Inc.; Mazak Corporation; Mikron Corp. Corporation; Milltronics Manufacturing Company; Mitsui Machine Technology, Inc.; Mitsui Seiki (USA), Inc.; MHI Machine Tool U.S.A., Inc.; Morey Machinery Manufacturing Corp.; Mori Seiki USA, Inc.; Niigata Machinery (USA); Okuma America Corporation; Parpas America Corp.; Republic Lagun Machine Tool Co.; Tos America Inc.; Toshiba Machine Company., America; Toyoda Machinery USA; Victor CNC Systems, Inc.; Willis Machinery & Tool Co.; WMO Machine Tool Corporation; WMW Machinery Company, Inc. and YC.
Frost & Sullivan is an international marketing consulting and training company that monitors the machining center and machine tools industries for market trends, market measurements and strategies. This ongoing research is used to complement a series of research publications such as corresponding report and is used to support participants with customized consulting needs. Free executive summaries are available to the press.
World Machining Center and Milling Machine Tool Markets
Report: 7155-10 Publication Date: December 19999 Price: $ 2950