Trends in the world market of material processing equipment in 2002-2021

Authors

DOI:

https://doi.org/10.20535/2521-1943.2022.6.3.270288

Keywords:

market, machines, trends, export, import, countries, material processing

Abstract

The world engineering industry is an important component of the world economy. The production of material processing machines using the latest technologies contributes to the further increase in the efficiency of the world industry and the quality of products. The promotion of the newest models of machines to the markets of the countries of the world contributes to the harmonization of their development. Therefore, it is relevant to conduct an analysis of statistical data, technical and economic reviews of the world market of material processing machines for 2002-2021 by country and company, as well as to identify trade trends in the short term. It is shown that the world export of material processing equipment during 2002-2021. characterized by instability. If during 2002-2012 the average annual growth rate (CAGR) of the export of these goods was 9.1%, then in the period from 2012 to 2021 it decreased to -2.4%. Among the five product groups of machines, only the export of goods of the group "Machines for processing using physical and chemical methods" during 2002-2021. is characterized by a positive average annual growth rate of 3.8% CAGR. According to the results of 2021 China (share 18.8%), Japan (16.6%) and Germany (15.0%) formed the top three exporters of material processing machines using electrophysicochemical methods. The largest exporters of metalworking centers in 2021. were Japan (share 30.5%), Germany (20.4%) and Taiwan (10.0%). The leaders of the world export of metal-cutting lathes in 2021. were Japan (22.0% share), Germany (13.3%) and the Republic of Korea (11.3%), which together provided 46.6% of global sales. . According to the results of 2021 the market leaders of metal cutting machines (milling, drilling, etc.) are Germany (19.9% share), Italy (13.2%) and China (12.6%), and their combined share is 45.7%. . The world market of grinding machines is dominated by companies from Germany (22.3%), Japan (14.8%), and Switzerland (14.1%). According to the results of 2021 the largest exporters of planing machines were Germany (29.1% share), China (16.6%) and Japan (9.8%), which together make up 55.5% of the value of world exports. Obviously, the further development trend of the market of material processing machines, as well as the global economy, will be determined by the results of the end of the COVID-19 pandemic and the Russian-Ukrainian war

Author Biography

Vitaly Gnatush

Candidate of Technical Sciences, PhD,  independent analyst

References

  1. Machine Tools Market Share, Size, Trends, Industry Analysis Report 2022 – 2030. Jun 2022. Available: https://www.polaris-marketresearch.com/industry-analysis/machine-tools-market/
  2. Machine Tools Market Size, Share, & Trends Analysis Report 2022-2030. 120p. Available: https://www.grandviewre-search.com/industry-analysis/machine-tools-market/
  3. World economic outlook (International Monetary Fund). October 2022. 186p. Available: https://www.imf.org/en/Publications
  4. How automotive organizations can maximize the smart factory potential. Capgemini Digital Transformation Institute. 2020. 40p. Available: https://www.capgemini.com/wp-content/uploads/2020/02/Report-%E2%80%93-Auto-Smart-Factories.pdf/
  5. International Trade Centre. [Online]. Available: http:/intracen.org/
  6. Laser Cutting Machine Global Market Report 2022. The Business Research Company. August 2022. 175p. [Online]. Available: https://www.thebusinessresearchcompany.com/report/laser-cutting-machine-global-market-report/
  7. Global Machining Centres Market Size, Share, Research 2023-2027. Expert Market Research. 2022. [Online]. Available: https://www.expertmarketresearch.com/reports/machining-centres-market/
  8. Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. IMARC Group. 2022. [Online]. Available: https://www.imarcgroup.com/lathe-machines-market/
  9. Milling Machine Market 2019 – 2025. Grand View Research. [Online]. Available: https://www.grandviewresearch.com/indus-try-analysis/milling-machine-market/
  10. Automatic Deburring Tools Market Size And Forecast. Verified Market Research. 2022. [Online]. Available: https://www.verifiedmarketresearch.com/product/automatic-deburring-tools-market/

Downloads

Published

2022-12-14

How to Cite

[1]
V. Gnatush, “Trends in the world market of material processing equipment in 2002-2021”, Mech. Adv. Technol., vol. 6, no. 3, pp. 342–353, Dec. 2022.

Issue

Vol. 6 No. 3 (2022)

Section

Editorial invited article

License

Copyright (c) 2022 Vitaliy Gnatush

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

The ownership of copyright remains with the Authors.
 
Authors may use their own material in other publications provided that the Journal is acknowledged as the original place of publication and National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute” as the Publisher.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under CC BY 4.0 that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.

  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work