MACHINE TOOL MOTOR MARKET

KEY FINDINGS

• The Global machine tool motor market was valued at $ 7.120.7 Million in 2023 and is expected to reach $ 11,416.8 Million by the end of 2030, growing at a CAGR of 7.0% during 2024-2030.​
• The machine tool motor market is poised for skyrocketing growth over the coming years, driven by a combination of factors such as growth in the development of EVs, the rise of Industry 4.0 and smart manufacturing at industrial facilities​
• Machine tool motors are increasingly used in automotive manufacturing, precision engineering operations including electronic manufacturing, and critical component of machineries. Growth in application of CNC technology is creating strong growth prospects for the market over the years.​
• Heavy growth registered in the procurement of high precision lathe machines and automated CNC machines across multiple application industries. There has also been steep increment in the demand of the machines offering precision in control for position and motion of the system. This developments are expected to provide market growth.​
• Development of hybrid systems which capable of combining additive manufacturing (3D printing) with traditional subtractive manufacturing (machining) is also observed to provide positive market growth. This require motors capable of switching between different tasks seamlessly. These motors must be versatile and responsive.
• Some players in the machine tool motor market are Okuma Corporation, Siemens, Fanuc, Yaskawa Electric, among several others​
• The companies are adopting organic market strategy to create a some market consolidation. Under the said strategy adoption the companies are working on bolstering their existing product portfolio and are also making hefty investments in research and development division to design and manufacture end use industry centric solutions to attract customers operating in different end use industries​
• However, increasing opportunities and strong market growth in application industries, such as the development of CNC system-based automated infrastructure and technological advancements in motor technologies, are creating a positive market outlook and stirring the startup ecosystem. New players are trying to enter the market to increase fragmentation.

INTRODUCTION TO MACHINE TOOL MOTOR MARKET

The motor’s speed virtually remains constant under a range of loads, making it ideal for applications where a constant speed requirement is necessary, such as machine tools. A machine tool is a power-driven device used for cutting, shaping, and finishing materials. Examples include a lathe, miller, or grinder.

They market grinders, lathes, and other machinery. A lathe is a kind of machine tool that can be used to shape wood or metal. Some manufacturing enterprises depend heavily on machine tools. It aids in providing goods and parts that meet the strictest requirements. It serves as the primary base for precise manufacturing. 

MACHINE TOOL MOTOR MARKET SIZE AND FORECAST

The Global Machine tool motor market accounted for $ 7.1 Billion in 2022 and is anticipated to reach $ 11.5 Billion by 2030, registering a CAGR of 7% from 2024 to 2030.

MACHINE TOOL MOTOR MARKET NEW PRODUCT LAUNCH

NUM releases linear electric motors intended for machine tools. expert in CNC Specifically for continuous duty cycle applications in machine tools, NUM has introduced a line of brushless linear servo motors. The majority of linear motors on the market up until this point have been created for general automation with quick A-B positioning capabilities but relatively short duty cycles.

NUM has adopted a more cautious design strategy and waited for the market to develop before developing a linear motor specifically built for continuous operation in the demanding environment of contemporary machine tools. The new LMX series linear motors from NUM include a number of characteristics to lessen the impact of difficult operating circumstances.

Their principal moving coil section is entirely enclosed in a sturdy stainless steel housing, and an integrated cooling circuit that is optimised for flow rate also enables the use of cooling liquids with low specific heat capacities. To maximise force density, limit cogging forces, and lower thermal losses, the motors have short pole pitches.

The LMX linear motor consists of a coil assembly supported by a customer-supplied guideway and a metal track with many embedded rare earth magnets. The motors’ ability to run with a relatively large air gap of 1 mm, which lessens the effect of mounting tolerances on performance characteristics, is a crucial advantage.

The track is held stationary while the coil assembly is free to move in the majority of machine tool applications, but opposite mounting arrangements are also feasible and have comparable performance characteristics.

MACHINE TOOL MOTOR MARKET COMPANY PROFILES

• NUM
• Mitsubishi
• Nidec
• Micromatic
• LMW

MACHINE TOOL MOTOR MARKET THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Machine tool motors are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Machine tool motor and key vendor selection criteria
3. Where is the Machine tool motor manufactured? What is the average margin per unit?
4. Market share of Global Machine tool motor market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Machine tool motor in-house
6. key predictions for next 5 years in Global Machine tool motor market
7. Average B-2-B Machine tool motor market price in all segments
8. Latest trends in Machine tool motor market, by every market segment
9. The market size (both volume and value) of the Machine tool motor market in 2024-2030 and every year in between?
10. Production breakup of Machine tool motor market, by suppliers and their OEM relationship