The growing demand for automation across a variety of industrial sectors has been shown to be the most significant factor driving the growth of the global machine mounts market. A machine mounts market serves as an isolation device for the machine and is typically found at the base of the machine tool. The use of machine mounts has significantly increased as industrial growth on a global scale reaches new heights.
By the end of 2022, the market for machine mounts will be worth about US$ 1,752.5 Million, having grown by 5.4% annually.
Machine mounts are frequently used for automatic, swift, and precise tool positioning as well as workpiece measurement in the grinding, turning, and milling industries. It could shorten setup time while increasing dimensional accuracy. A CAGR of significant value of Between 2022 and 2027, the global economy is projected to grow by 5.5%.
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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 increase in revenue is the result of improved global trade conditions. By developing supporting trade policies, the governments of many nations are advancing their efforts to strengthen economic ties with other economies. Japan is a significant player in the worldwide machine mounts market and has recently shown signs of a strengthened export 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 Million 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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