LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CapitalGoods?src=hash” target=”_blank”gt;#CapitalGoodslt;/agt;–The machine tools market in the Netherlands is expected to post a CAGR
of more than 3% during the period 2019-2023, according to the latest
market research report by Technavio.

A key factor driving the growth of the machine tools market in the
Netherlands is the rising demand for CNC-incorporated machine tools. CNC
machine tools can help in easy programming of the parts to be
manufactured and swiftly fabricate them with the help of semi-skilled
operators. Moreover, the overall efficiency of these machines has
improved significantly owing to the growing use of automation software
and servo technology. Such technologies offer benefits such as energy
savings and high precision during metal cutting and forming process.
These benefits of using CNC-incorporated machine tools have helped in
automating complete metal forming and metal cutting processes. With an
increasing focus toward automating production lines, the use of
automated equipment such as CNC machines will increase among the
end-user industries in the Netherlands.

As per Technavio, the technological advances and use of robots with
machine tools will have a positive impact on the market and contribute
to its growth significantly over the forecast period. This machine
tools market in the Netherlands 2019-2023
research report also analyzes other significant trends and
market drivers that will affect market growth over 2019-2023.

Machine tools market in the Netherlands:
Technological advances and use of robots with machine tools

To reduce the tool replacement cycle, the majority of vendors in the
Netherlands have been focusing on developing high-strength tools. As a
result, vendors have introduced high-speed steel cutting tools with
powder metallurgy (HSS-PM) that offers a higher content of alloy which
poses unique properties to improve wear resistance, toughness, and
hardness. Further, manufacturers are focusing on adopting automation
solutions and robots to fill the shortage of skilled labors in the metal
forming industry. Robots can handle the entire work carried out by
operators, reducing human intervention and the threat of accidents. With
the growing focus of manufacturers on mass production, the robotics in
machine tools will record an increase in demand in the metal forming
industry during the forecast period.

“Apart from the technological advances and use of robots with machine
tools, factors such as the growing adoption of 3D printing technology,
rising demand for fabricated metal products, and the integration of IoT
into machine tools will have a positive impact on the machine tools
market in the Netherlands during the forecast period,” says an
analyst at Technavio.

Machine tools market in the Netherlands:
Segmentation analysis

This market research report segments the machine tools market in the
Netherlands by end-users (general machinery, precision engineering,
automotive industry, and transportation industry) and type (metal
cutting tools and metal forming tools).

The metal cutting tools accounted for the maximum share of the machine
tools market in the Netherlands in 2018. These tools find applications
in electrical and electronic equipment, machinery, fabricated metal
product, and transport industry. CNC metal cutting tools are used to
develop products with complex dimensions and structures. There is a high
demand for compact metal cutting tools by a growing number of small and
medium-sized enterprises (SMEs) in end-user industries which will
contribute to the growth of this segment during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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