A growing necessity of automation across various industry sectors has proved to be the most valuable force driving the growth of the global machine mounts market. A machine mount is known for its use as a machine isolation device and is placed at the bottom of the machine tool. As global industrial growth reaches new heights, there has been a significant growth in using machine mounts.
The Global Machine Mounts Market to grow with a year on year value growth of 5.4% in 2022 reaching a value of about US$ 1,752.5 Mn by 2022 end.
Machine Mounts is significantly used for fast, precise and automatic tool setting and workpiece measurement in grinding, turning and milling. It has the potential to cut setup time while enhancing dimensional accuracy. The global businesses are expected to witness a considerable value CAGR of 5.5% during the period of 2022 and 2027.
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FMI has identified Western Europe to remain a key market for machine mounts over the forecast period owing to increasing demand from end-use applications. We estimated the region to witness a value of CAGR 6.4% in the industry of Machine Mounts. We expect global Machine Mounts Market to account for about 1.5% of global machine tool market.
The machines commonly known in the global machine mounts market are CNC machines, general machine tools, cutting machines, injection moulding machines, forming presses, EDM machines, air compressors, etc.
This growth in revenue is triggered by an improved trade scenario across the world. Government of many countries are making their move towards improving business relations with other economies by framing supportive trade policies. Japan is a prominent player in the global machine mounts market that has been displaying signs of strengthened export business in the last few years.
The machine mounts market refers to the industry that produces and supplies mounts and supports for various types of machinery. Here are some key takeaways related to the machine mounts market:
- Growing demand for machine mounts: The machine mounts market is growing due to the increasing demand for machinery in various industries, such as automotive, aerospace, and manufacturing.
- Diverse product offerings: The market offers a variety of machine mounts with different types of materials, shapes, and sizes, to meet the diverse needs of different industries.
- High-quality standards: The machine mounts market requires high-quality standards to ensure safety, durability, and performance of machinery. Regulations and standards set by governing bodies also influence the market.
- Advancements in technology: The machine mounts market is evolving with advancements in technology, such as the development of smart mounts that can monitor the performance of machinery and detect faults.
- Competitive landscape: The machine mounts market is highly competitive with many established players and new entrants. The market is influenced by factors such as pricing, quality, customer service, and product innovation.
- Regional differences: The machine mounts market varies by region, with different trends, market drivers, and regulatory environments. Emerging economies are expected to offer growth opportunities due to the increasing demand for machinery.
- Environmental concerns: The machine mounts market is also influenced by environmental concerns, with the need to produce mounts that are eco-friendly, recyclable, and comply with regulations such as RoHS and REACH.
General Machine Tools to Dominate Global Market; Western Europe Largest Regional Market.
Demands from machinery operations are growing across key industries. Sectors such as automotive, railways, defence, agriculture, medical industry etc., are exhibiting a strong demand for different machines that incorporate machine mounts. General machine tools are expected to have a much larger market size than other machine types.
This segment is expected to reach a market value of over US$ 1,000 Mn by the end of 2027, growing at a CAGR of 5.7% during the forecast period. CNC machines are also expected to be in close competition with general machine tools in terms of growth rate.
Among the regional markets, we forecast Western Europe to project exceptional growth. With the economic stability and industrial growth, the region is expected to witness highest demand for machine mounts during the forecast period. Japan is projected to be a lucrative regional market for machine mounts with its progressive growth rate.
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Competitive Landscape
This comprehensive research report comprises a section dedicated to the analysis of leading companies and their key developments over the years. The report includes a brief profile of all these companies, including a SWOT analysis. The report mentions key players like Trelleborg AB, Cummins Inc., LORD Corporation, Hutchinson SA, Total Vibration Solutions Ltd., Vibra Systems Inc., Sunnex Group, Nu-Tech Engineering Services Ltd., Rosta AG, Vishwaraj Rubber Industries, Industrial Components Group, Fibet Group, Kurashiki Kako Co., Ltd. etc.
The report states that aggressive marketing in the top countries of Latin America and the Middle East & Africa could benefit companies manufacturing machine mounts. What are the other strategies being adopted by Tier 1 and Tier 2 players in the global machine mounts market.
Global Machine Mounts Market by Category
By Product Type:
- Leveling Mounts
- Anti-Vibration Mounts
- Sandwich Mounts
By Machine Type:
- CNC Machines
- General Machine Tools
- Cutting Machines
- Injection Molding Machines
- Forming Presses
- EDM Machines
- Air Compressors
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- China
- Japan
- South East Asia & Pacific
- Middle East & Africa
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