World - Horizontal Machining Centres For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the forecasted decrease in consumption trend for the global horizontal machining centre market over the period from 2022 to 2030. It highlights the peak levels of consumption and production in 2022, along with the major importing and exporting countries. The analysis includes detailed information on market volume, value, global production, import prices, and export prices, providing insights into the current state and future outlook of the horizontal machining centre market.
Market Forecast
The horizontal machining centre market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -9.6% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 2.3M units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of -6.4% for the period from 2022 to 2030, which is projected to bring the market value to $115.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Horizontal Machining Centres For Working Metal
Global horizontal machining centre consumption soared to 5.2M units in 2022, jumping by 1,873% on 2021. Overall, consumption saw a significant expansion. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.
The global horizontal machining centre market value skyrocketed to $196.5B in 2022, picking up by 850% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The country with the largest volume of horizontal machining centre consumption was Greece (4.9M units), accounting for 94% of total volume.
In Greece, horizontal machining centre consumption increased at an average annual rate of +270.5% over the period from 2012-2022.
In value terms, Greece ($172.5B) led the market, alone.
In Greece, the horizontal machining centre market expanded at an average annual rate of +253.0% over the period from 2012-2022.
From 2012 to 2022, the average annual rate of growth in terms of the horizontal machining centre per capita consumption in Greece totaled +273.2%.
Production
World Production of Horizontal Machining Centres For Working Metal
In 2022, global production of horizontal machining centres for working metal skyrocketed to 5.1M units, jumping by 1,897% on the previous year. Overall, production continues to indicate significant growth. As a result, production attained the peak volume and is likely to continue growth in the immediate term.
In value terms, horizontal machining centre production contracted to $15.2B in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 18%. As a result, production attained the peak level of $21.3B. From 2016 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
Greece (4.9M units) constituted the country with the largest volume of horizontal machining centre production, comprising approx. 95% of total volume.
In Greece, horizontal machining centre production remained relatively stable over the period from 2012-2022.
Imports
World Imports of Horizontal Machining Centres For Working Metal
In 2022, supplies from abroad of horizontal machining centres for working metal increased by 66% to 220K units, rising for the second consecutive year after three years of decline. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2015 with an increase of 87% against the previous year. As a result, imports attained the peak of 275K units. From 2016 to 2022, the growth of global imports failed to regain momentum.
In value terms, horizontal machining centre imports expanded sharply to $9.2B in 2022. Overall, imports, however, saw a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, global imports hit record highs at $12.8B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The countries with the highest levels of horizontal machining centre imports in 2022 were Slovakia (35K units), the United States (27K units), Spain (25K units), the Netherlands (21K units), China (19K units), the UK (14K units) and India (14K units), together accounting for 70% of total import. Canada (8.9K units), France (6.8K units), Turkey (5.6K units), Italy (4.3K units) and Belgium (3.6K units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +49.2%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest horizontal machining centre importing markets worldwide were China ($2.4B), the United States ($1.4B) and Turkey ($517M), with a combined 47% share of global imports. Italy, Belgium, India, the Netherlands, France, Canada, the UK, Spain and Slovakia lagged somewhat behind, together comprising a further 21%.
Spain, with a CAGR of +9.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average horizontal machining centre import price stood at $41,761 per unit in 2022, declining by -36.3% against the previous year. Over the period under review, the import price saw a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 137% against the previous year. Over the period under review, average import prices hit record highs at $103,880 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($125,958 per unit), while Slovakia ($1,138 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Horizontal Machining Centres For Working Metal
Global horizontal machining centre exports shrank to 114K units in 2022, with a decrease of -8% on the year before. In general, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when exports increased by 38%. Over the period under review, the global exports reached the peak figure at 243K units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
In value terms, horizontal machining centre exports amounted to $9B in 2022. Over the period under review, exports recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. The global exports peaked at $12.6B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, Japan (33K units) was the largest exporter of horizontal machining centres for working metal, constituting 29% of total exports. It was distantly followed by Taiwan (Chinese) (13K units), China (11K units), the Czech Republic (8.4K units), the United States (8.2K units) and South Korea (6.4K units), together committing a 41% share of total exports. The following exporters - Germany (5K units), Sweden (3.9K units), Italy (3.5K units), Spain (3.5K units), Belgium (3.2K units), the UK (2.7K units) and Singapore (2.3K units) - together made up 21% of total exports.
Exports from Japan decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, Sweden (+53.3%), China (+16.4%), Spain (+7.8%), Singapore (+5.9%) and Belgium (+4.7%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.3% from 2012-2022. The United States, the Czech Republic, South Korea and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Italy (-2.6%), Germany (-13.3%) and the UK (-24.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Sweden, Taiwan (Chinese), the Czech Republic, the United States, South Korea, Spain and Belgium increased by +8, +3.4, +3.2, +2.9, +2.9, +2.2, +2.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Japan ($2.8B), Germany ($1.8B) and Taiwan (Chinese) ($1B) were the countries with the highest levels of exports in 2022, together accounting for 62% of global exports. The United States, South Korea, China, Belgium, Italy, the UK, Singapore, the Czech Republic, Spain and Sweden lagged somewhat behind, together accounting for a further 29%.
Sweden, with a CAGR of +36.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average horizontal machining centre export price stood at $78,955 per unit in 2022, surging by 11% against the previous year. In general, the export price recorded a mild expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 76%. As a result, the export price attained the peak level of $98,472 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($350,477 per unit), while Sweden ($8,143 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+32.0%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global horizontal machining centre market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28411220 - Horizontal machining centres for working metal
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global horizontal machining centre market.
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