Sep 4, 2017   SOURCE: BusinessWire

Top 5 Vendors in the Global Material Removal Tools Market from 2017 to 2021: Technavio

Technavio has announced the top five leading vendors in their recent global material removal tools market 2017-2021 report. This market research report also lists 20 other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the global material removal tools market from 2017-2021. (Gr ...

Technavio has published a new report on the global material removal tools market from 2017-2021. (Graphic: Business Wire)

Competitive vendor landscape

According to the research analysis, the global material removal tools market is fragmented with the presence of many established players. Apart from top vendors, several local and regional vendors have started manufacturing customized, energy-efficient equipment that is available at a lower price than their international counterparts.

Currently, the market vendors are adapting to the changing market dynamics in terms of required cost-effectiveness. The need to reduce the cost for smaller lot sizes without compromising on the quality of products has compelled market vendors to adopt automation and other advanced technologies. The increased use of technologies can work at a much faster rate than traditional machines. These have been pushing the OEMs to manufacture faster-drilling machines to adapt to the rate of changes in the fabricating processes.

“The market vendors are trying to keep pace with the increasing demand from customers for high precision and cost-effective equipment. These are needed to maintain the productivity rate of the entire fabricating assembly, which is increasingly characterized by high-speed machines. Thus, the agenda of increasing the overall productivity without compromising on the operator safety heads the priority list of the manufacturers,” says Gaurav Mohindru, a lead analyst at Technavio for engineering tools research.

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Technavio market research analysts identify the following key vendors:

DMG MORI

DMG MORI provides machine tools and industrial service provider and manufactures innovative high-tech machines, software, and other energy solutions. The company established its presence in the machine tools market with a range of offerings. It continues to promote and develop the software solution CELOS, which is a control and technology-independent system that supports interaction between machine and its operators.

Dalian Machine Tool Group (DMTG)

Dalian Machine Tool Group (DMTG) is one of the leading manufacturers of machine tools in China. The company manufactures and markets products such as flexible production lines, bridge type machining centers, machining centers, CNC milling and boring centers, and CNC milling machines. It also manufactures microelectronics and auto parts. These products are offered in a range of series to various industries such as automobile, shipbuilding, automation, engine, and general engineering.

Makita

Makita manufactures power tools for professional users. The company's product offerings include cordless tools, pneumatic tools, sawing, drilling, grinding, outdoor power equipment, and dust extraction. It is also involved in timber and metal processing, forestry, carpentry, and concrete and masonry works. The company offers light weight, compact and highly efficient power tools.

Robert Bosch

Robert Bosch is a global provider of technology and services. The company mainly operates its business through mobility solutions, industrial technology, consumer goods, and energy and building technology segments. The company offers a wide variety of precision tools to cater to the needs of the industry.

SMTCL

SMTCL is a provider of metal processing machine tools such as horizontal lathes, vertical lathes, horizontal milling and boring machining centers, and high-speed machining centers that cater to industrial sectors such as automotive, wind energy, aviation, coal mine machinery, ship building, electronics, rail transport, and engineering.

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