World Machine Tools Industry

World Machine Tools Industry

This report analyzes the worldwide markets for Machine Tools in US$ Million by the following Product Groups/Segments: Metal Cutting Tools (Boring & Drilling Machines, Gear Cutting Machines, Grinding, Honing, Lapping, Polishing & Buffing Machines, Lathe Machines, Milling Machines, Machining Centers, Station Type Machines, & Other Metal Cutting Tools), Metal Forming Tools (Punching & Shearing Machines, Bending & Forming Machines, Metal Working Presses, & Other Metal Forming Tools), and Special Machine Tools (Waterjet Cutting Machines, High Power Laser Cutting Machines, Electrochemical Machines, & Electrical Discharge Machines). The report also analyzes the following End-Use Segments: Automobile, Aerospace/Defense, Electronics/Electrical, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 424 companies including many key and niche players such as -

Allied Machine & Engineering Corp.
Amada Co. Ltd.
Doosan Infracore Co. Ltd.
Dalian Machine Tool Group Co., Ltd.
FANUC Corporation



I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Product Groups/Segments I-4
Metal Cutting Tools I-4
Boring & Drilling Machines I-4
Gear Cutting Machines I-4
Grinding, Honing, Lapping, Polishing and Buffing Machines I-4
Lathe Machines I-5
Milling Machines I-5
Machining Centers I-5
Station Type Machines I-6
Other Metal Cutting Tools I-6
Metal Forming Tools I-6
Punching & Shearing Tools I-6
Bending & Forming Tools I-6
Metal Working Presses I-6
Other Metal Forming Tools I-7
Special Machine Tools I-7
Waterjet Cutting Machines I-7
High Power Laser Cutting Machines I-7
Electrochemical Machines I-7
Electrical Discharge Machines I-7


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
Importance of the Manufacturing Sector for the Machine Tools
Market: A Review II-1
Machine Tools: Market Structure &Traits II-2
Where Do the Opportunities Lie? II-5
Economic Upheavals in the Recent Past & Outlook for the Future II-6
2007-2009 World Economic Recession & Its Impact on Machine
Tools Market II-6
2010: The Year of Recovery II-6
America's Brush with the Fiscal Cliff Crisis (2011 through
2014) & its Impact on the Machine Tools Market II-7
Years 2011 & 2012: Steady Demand for Machine Tools Amid
Encouraging Resurgence in GDP II-7
Table 1: Global Purchasing Managers Index (PMI): Comparison
of PMI in US, Japan, EU & China for the Years 2011 & 2012
(includes corresponding Graph/Chart) II-8
Year 2013: GDP Declines, Dragging Down Demand Despite
Increase in Manufacturing PMI II-8
Year 2014: Mostly Positive Outlook Sprinkled With Yet
Lingering Fears II-9
Years 2009-2013: The European Debt Crisis Escalates, Hurting
the Manufacturing Sector II-11
Table 2: Euro Area Purchasing Managers Index (PMI) in the
Euro Area: Breakdown of Average Annual PMI Data for Select
Countries for Years 2012 & 2013 (includes corresponding
Graph/Chart) II-12

Table 3: Key Business Indicators in the Euro Area for Years
2011, 2012 & 2013 II-13
Year 2014 & 2015: Hopes for a Recovery, Despite Volatility &
Risks of a Relapse II-13
Return to Growth in EU: Key Statistical Findings II-15
Table 4: EU Real GDP Growth Rates in % (2014 & 2015):
Breakdown by Select Country (includes corresponding
Graph/Chart) II-15

Table 5: Purchasing Managers Index (PMI) in the Euro Area:
Breakdown of Quarterly PMI Data for Select Countries for
the Year 2014 (includes corresponding Graph/Chart) II-16

Table 6: Key Business Indicators in the Euro Area for the
First 3 Quarters of the Year 2014 II-16
Emerging Markets in Transition: Structural Slowdown is the
New Normal II-17
Year 2014 & 2015: Cyclical Upturn Encourages Positive
Manufacturing Outlook in Asia-Pacific II-18
Key World Economic Indicators II-20
Table 7: World GDP (2012-2015): Breakdown of Percentage GDP
Growth by Select Country (includes corresponding
Graph/Chart) II-20

Table 8: Global Purchasing Managers Index (PMI): Breakdown
of Quarterly PMI Data for Global and Select Regional
Markets for the Year 2014 (includes corresponding
Graph/Chart) II-21

Table 9: Global Purchasing Managers Index (PMI): Breakdown
of Average Annual PMI Data for Global and Select Regional
Markets for Years 2012 & 2013 (includes corresponding
Graph/Chart) II-22
Market Outlook II-22

2. MARKET TRENDS, DRIVERS & ISSUES II-23
Non-BRIC Emerging Markets to Supplement Declining Growth in
BRICs in the Coming Decade II-23
Outsourcing of Manufacturing Activity Boosts Demand for
Machine Tools in Developing Countries II-23
Rapid Mushrooming of Job Shops in Developing Countries Poised
to Benefit Machine Tools II-24
Stable Automotive Production in Developing Countries Augurs
Well for Machine Tools II-25
Opportunity Indicators II-26
Table 10: World Production of Passenger Cars: Breakdown of
Annual Production Figures in ‘000' Units for Years 2014 &
2018 by Geographic Region/Country (includes corresponding
Graph/Chart) II-26

Table 11: World Production of Commercial Vehicles: Breakdown
of Annual Production Figures in ‘000' Units for Years 2014 &
2018 by Geographic Region/Country (includes corresponding
Graph/Chart) II-27
Rise in Commercial Aircraft Orders Augur Well for Machine Tool
Industry II-27
Specialized Aerospace Materials Spur Demand for Sophisticated
Machine Tools II-28
Developments in Renewable Energy Help Spur Market Opportunities II-29
Strong Growth in the Semiconductor Industry Drives Demand for
Machine Tools II-29
Opportunity Indicator II-31
Table 12: Global Semiconductor Manufacturing Equipment
Spending (2013-2015): Breakdown of Expenditure (in US$
Million) by Equipment Type (includes corresponding
Graph/Chart) II-31
Heavy Equipment/Machinery Manufacturing Industry Promises
Bright Prospects II-31
Technology Innovation: Key to Growth in the Market II-32
Technology Refinements Boost Demand for Numerical Control (NC)
Machine Tools II-33
Advent of 3D-Printing Machines: Marks the Emergence of Next
Generation Machine Tools II-33
Smart Machines Spiral in Popularity II-34
Retrofit Market Keeps CNC Machinery Sales Alive II-35
Robotic-Assisted Technology and Automation Spurs Growth II-35
Key Statistical Findings II-36
Table 13: Top Ten Players in the Global Machine Tools Market
(2013): Annual Revenues in US$ Billion for Amada, Dalian
Machine Tool Group, DMG Mori Seiki AG, DMG Mori Seiki Co.
Ltd., Jtekt, Komatsu, Okuma, Shenyang Group, Trumpf and
Yamazaki Mazak (includes corresponding Graph/Chart) II-36

Table 14: Global Machine Tools Market (2013): Percentage
Share Breakdown of Investments by Country (includes
corresponding Graph/Chart) II-37

Table 15: Global Machine Tools Market (2013): Percentage
Share Breakdown of Dollar Production by Country (includes
corresponding Graph/Chart) II-37

Table 16: Global Machine Tools Market (2013): Per Capita
Consumption in US$ by Select Country (includes corresponding
Graph/Chart) II-38

3. TRENDS ACROSS MAJOR PRODUCT MARKETS II-39
Metal Cutting Tools Market: An Overview II-39
High Speed Steel Cutting Tools: Hopes Pinned onto Powder
Metallurgical HSS to Spearhead Growth II-39
Rising Popularity of Carbon Fiber-Reinforced Polymers Bodes
Well Advanced Cutting Tools II-40
Grinding Machines Market: An Overview II-40
Strong Opportunities in Orthopedic Implant Manufacturing II-41
Advanced Grinding Techniques Spearhead Growth II-41
Shortage of Skilled Labor Drives Automation Trends in
Grinding Machinery II-42
Laser Cutting Machines Market: An Overview II-42
Ultrashort Pulsed Laser Technology Gains Popularity II-44
Fiber Laser Technology Gains Prominence at the Expense of CO2
Laser Technology II-44
Adoption of Nanosecond Pulsed Fiber Lasers Poised to Grow
Rapidly II-44
Waterjet Cutting Machines Market: An Overview II-45
Expanding Applications Spur Growth in the Market II-45

4. PRODUCT/END-USE MARKET OVERVIEW II-47
Machine Tools II-47
Metal Cutting Tools II-47
Structure of Metal Cutting Tool II-47
Cutting Methods II-48
Major Categories of Tools II-48
Types of Metal Cutting Machine Tools II-48
Boring & Drilling Machines II-48
Gear Cutting Machines II-48
Grinding, Honing, Lapping, Polishing & Buffing Machines II-49
Lathe Machines II-49
Types of Lathes II-49
CNC Lathes II-50
Milling Machines II-50
Major Components II-51
Body of the Milling Machines II-51
Length of Cut II-51
Helix Angle II-51
Land II-51
Diameter II-51
End Teeth II-51
CNC Milling Machines II-52
Center Cutting and Non Center Cutting Milling Machines II-52
Machining Centers II-52
Horizontal CNC Machining Centers II-52
Vertical CNC Machining Centers II-52
Station Type Machines II-52
Other Metal Cutting Tools II-53
Metal Forming Machine Tools II-53
Types of Metal Forming Machine Tools II-53
Punching & Shearing Tools II-53
Bending & Forming Tools II-53
‘Bending' Vs ‘Forming' II-54
Metal Working Presses II-54
Other Metal Forming Tools II-54
Special Machine Tools II-54
Waterjet Cutting Machines II-54
High Power Laser Cutting Machines II-55
Electrochemical Machines II-55
Electrical Discharge Machines II-55
Die-Sink EDMs II-56
Wire-Cut EDMs II-56
Die-Sink Machines Vs Wire-Cut Machines II-57
Market Segmentation by Machine Price and Precision II-57
High-End Machine Tool Market II-57
Mid-Range Machine Tool Market II-57
Low-End Machine Tool Market II-57
End Use Markets II-57
Automotive Industry II-58
Aerospace/Defense Industry II-58
Electronics/Electrical Industry II-58
Others II-58

5. PRODUCT INTRODUCTIONS/INNOVATIONS II-59
Omax Unveils Next-Generation Maxiem Waterjet-Cutting Machines II-59
Hexagon Metrology Introduces Patented TESA MH3D- DUAL CMM II-59
EMAG Launches New PECM and ECM Machines II-59
NBS Technologies Unveils MLX Dual Milling Machine for Smart
Card Sector II-59
Okuma America Rolls Out New Machines II-59
KYOCERA Launches PV7025 PVD-Coated Cermet Grade Indexable
Cutting Tool Inserts II-59
Kyocera Industrial Ceramics Rolls Out MFWN M-Six and MEW M-
Four Milling Cutters II-60
Mitsubishi Heavy Industries Introduces Bond Meister MWB-12-ST
Wafer Bonding Machine II-60
Mitsubishi Electric Unveils MV Series of New Wire-Cut EDMs II-60
Makino Introduces G7 i Grinder 5-Axis Horizontal Machining Center II-60
Sandvik Coromant Introduces CoroDrill 460-XM High-Performance
Drill II-60
Eastern Laser Launches Constant-Light Digital Controlled Laser
Cutting Machine II-60

6. RECENT INDUSTRY ACTIVITY II-61
Waterjet Holdings Takes Over Flow International II-61
Haimer and Kennametal Join Hands II-61
GF AgieCharmilles Becomes GF Machining Solutions II-61
Gleason Snaps Up IMS KOEPFER Cutting Tools II-61
Guildemeister Renames itself as DMG MORI SEIKI II-61
Hurco Companies Takes Over LCM's Machine Tool Component Division II-61
KREON TECHNOLOGIES Takes Over FRIULROBOT II-62
Guardair Takes Over Assets of Allen Gasket Cutting Machine II-62
ESCO Takes Over Advanced Cutting Systems II-62
Mori Seiki Inaugurates First Plant in North America II-62
Mazak to Expand Kentucky Plant II-62
Hardinge Takes Over Usach Technologies II-62
EDAC Technologies Takes Over Assets of Smith-Renaud II-62
Yamazaki Mazak Mergs Laser Cutting and Machine Tools Divisions II-63
Klingelnberg Takes Over Höfler Maschinenbau II-63
Beijing Jingcheng Machinery Electric Holding Acquires SAFOP II-63
Machine Tool Technology Takes Over Assets of Dean Smith & Grace II-63
Kyocera Establishes Kyocera CTC Precision Tools in India II-63
Sumitomo Electric Industries and PT. Somagede Indonesia to
form Joint Venture II-63
Fair Friend Group Acquires Five Foreign Machine Tool Companies II-63

7. FOCUS ON SELECT GLOBAL PLAYERS II-64
Allied Machine & Engineering Corp (USA) II-64
Amada Co. Ltd., (Japan) II-64
Amada Machine Tools America Inc., (USA) II-64
Doosan Infracore Co. Ltd. (South Korea) II-64
Dalian Machine Tool Group Co., Ltd (China) II-65
FANUC Corporation (Japan) II-65
DMG Mori Seiki Co., Ltd. (Japan) II-66
DMG-Mori Seiki USA (USA) II-66
DMG Mori Seiki AG (Germany) II-66
Gildemeister Italiana S.p.A. (Italy) II-67
GF Machining Solutions (Switzerland) II-67
Haas Automation, Inc. (USA) II-67
Hardinge Inc. (USA) II-67
Hyundai WIA (South Korea) II-68
JTEKT Corporation (Japan) II-68
Kennametal Inc., (USA) II-68
KMT Waterjet Systems Inc. (USA) II-69
Komatsu NTC Ltd. (Japan) II-69
Makino Milling Machine Co. Ltd. (Japan) II-69
MAG IAS GmbH (Germany) II-70
Okuma Corporation (Japan) II-70
Otto Bihler Maschinenfabrik GmbH & Co. KG (Germany) II-70
Shanghai Machine Tool Works Co., Ltd (China) II-71
Shenyang Machine Tools Co. Ltd. (China) II-72
Schuler AG (Germany) II-72
Sodick, Inc. (USA) II-72
Spinner Werkzeugmaschinenfabrik GmbH (Germany) II-72
Sandvik AB (Sweden) II-73
Sandvik Coromant (Sweden) II-73
TAJMAC-ZPS, a.s. (Czech Republic) II-73
Trumpf Group (Germany) II-73
Walter AG (Germany) II-74
Yamazaki Mazak Corporation (Japan) II-74

8. GLOBAL MARKET PERSPECTIVE II-75
Table 17: World Recent Past, Current and Future Analysis for
Machine Tools by Geographic Region/ Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/Africa and Latin
American Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-75

Table 18: World Historic Review for Machine Tools by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-76

Table 19: World 15-Year Perspective for Machine Tools by
Geographic Region/ Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-77

Table 20: World Recent Past, Current and Future Analysis for
Metal Cutting Tools by Geographic Region/Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/Africa and Latin
American Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-78

Table 21: World Historic Review for Metal Cutting Tools by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-79

Table 22: World 15-Year Perspective for Metal Cutting Tools by
Geographic Region/ Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-80

Table 23: World Recent Past, Current and Future Analysis for
Metal Cutting Tools by Product Segment - Boring & Drilling
Machines; Gear Cutting Machines; Grinding, Honing, Lapping,
Polishing & Buffing Machines; Lathe Machines; Milling
Machines; Machining Centers; Station Type Machines; and Other
Metal Cutting Tool Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-81

Table 24: World Historic Review for Metal Cutting Tools by
Product Segment - Boring & Drilling Machines; Gear Cutting
Machines; Grinding, Honing, Lapping, Polishing & Buffing
Machines; Lathe Machines; Milling Machines; Machining Centers;
Station Type Machines; and Other Metal Cutting Tool Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-82

Table 25: World 15-Year Perspective for Metal Cutting Tools by
Product Segment - Percentage Breakdown of Dollar Sales for
Boring & Drilling Machines; Gear Cutting Machines; Grinding,
Honing, Lapping, Polishing & Buffing Machines; Lathe Machines;
Milling Machines; Machining Centers; Station Type Machines;
and Other Metal Cutting Tool Markets for the Years 2006, 2014 &
2020 (includes corresponding Graph/Chart) II-83

Table 26: World Recent Past, Current and Future Analysis for
Boring & Drilling Machines by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-84

Table 27: World Historic Review for Boring & Drilling Machines
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-85

Table 28: World 15-Year Perspective for Boring & Drilling
Machines by Geographic Region/ Country - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/ Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-86

Table 29: World Recent Past, Current and Future Analysis for
Gear Cutting Machines by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-87

Table 30: World Historic Review for Gear Cutting Machines by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-88

Table 31: World 15-Year Perspective for Gear Cutting Machines
by Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-89

Table 32: World Recent Past, Current and Future Analysis for
Grinding, Honing, Lapping, Polishing & Buffing Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2013 through 2020 (includes corresponding Graph/Chart) II-90

Table 33: World Historic Review for Grinding, Honing, Lapping,
Polishing & Buffing Machines by Geographic Region/Country -
US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa
and Latin American Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2006 through 2012 (includes
corresponding Graph/Chart) II-91

Table 34: World 15-Year Perspective for Grinding, Honing,
Lapping, Polishing & Buffing Machines by Geographic
Region/Country - Percentage Breakdown of Dollar Sales for US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets for the Years 2006, 2014 & 2020
(includes corresponding Graph/Chart) II-92

Table 35: World Recent Past, Current and Future Analysis for
Lathe Machines by Geographic Region/ Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/Africa and Latin
American Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-93

Table 36: World Historic Review for Lathe Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-94

Table 37: World 15-Year Perspective for Lathe Machines by
Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-95

Table 38: World Recent Past, Current and Future Analysis for
Milling Machines by Geographic Region/Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/ Africa and Latin
American Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-96

Table 39: World Historic Review for Milling Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-97

Table 40: World 15-Year Perspective for Milling Machines by
Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-98

Table 41: World Recent Past, Current and Future Analysis for
Machining Centers by Geographic Region/Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/ Africa and Latin
American Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-99

Table 42: World Historic Review for Machining Centers by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-100

Table 43: World 15-Year Perspective for Machining Centers by
Geographic Region/ Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-101

Table 44: World Recent Past, Current and Future Analysis for
Station Type Machines by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-102

Table 45: World Historic Review for Station Type Machines by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-103

Table 46: World 15-Year Perspective for Station Type Machines
by Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-104

Table 47: World Recent Past, Current and Future Analysis for
Other Metal Cutting Tools by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-105

Table 48: World Historic Review for Other Metal Cutting Tools
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-106

Table 49: World 15-Year Perspective for Other Metal Cutting
Tools by Geographic Region/Country - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-107

Table 50: World Recent Past, Current and Future Analysis for
Metal Forming Tools by Geographic Region/Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/Africa and Latin
American Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-108

Table 51: World Historic Review for Metal Forming Tools by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-109

Table 52: World 15-Year Perspective for Metal Forming Tools by
Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-110

Table 53: World Recent Past, Current and Future Analysis for
Metal Forming Tools by Product Segment - Punching & Shearing
Machines, Bending & Forming Machines, Metal Working Presses
and Other Metal Forming Tools Markets Independently Analyzed
by Annual Sales in US$ Million for the Years 2013 through 2020
(includes corresponding Graph/Chart) II-111

Table 54: World Historic Review for Metal Forming Tools by
Product Segment - Punching & Shearing Machines, Bending &
Forming Machines, Metal Working Presses and Other Metal
Forming Tools Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2006 through 2012 (includes
corresponding Graph/Chart) II-112

Table 55: World 15-Year Perspective for Metal Forming Tools by
Product Segment - Percentage Breakdown of Dollar Sales for
Punching & Shearing Machines, Bending & Forming Machines,
Metal Working Presses and Other Metal Forming Tools Markets
for the Years 2006, 2014 & 2020 (includes corresponding
Graph/Chart) II-113

Table 56: World Recent Past, Current and Future Analysis for
Punching & Shearing Machines by Geographic Region/Country -
US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa
and Latin American Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-114

Table 57: World Historic Review for Punching & Shearing
Machines by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin American
Markets Independently Analyzed by Annual Sales in US$ Million
for the Years 2006 through 2012 (includes corresponding
Graph/Chart) II-115

Table 58: World 15-Year Perspective for Punching & Shearing
Machines by Geographic Region/Country - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-116

Table 59: World Recent Past, Current and Future Analysis for
Bending & Forming Machines by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-117

Table 60: World Historic Review for Bending & Forming Machines
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa (includes corresponding
Graph/Chart) and Latin American Markets Independently Analyzed
by Annual Sales in US$ Million for the Years 2006 through 2012
(includes corresponding Graph/Chart) II-118

Table 61: World 15-Year Perspective for Bending & Forming
Machines by Geographic Region/Country - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-119

Table 62: World Recent Past, Current and Future Analysis for
Metal Working Presses by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-120

Table 63: World Historic Review for Metal Working Presses by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-121

Table 64: World 15-Year Perspective for Metal Working Presses
by Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-122

Table 65: World Recent Past, Current and Future Analysis for
Other Metal Forming Tools by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-123

Table 66: World Historic Review for Other Metal Forming Tools
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/ Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-124

Table 67: World 15-Year Perspective for Other Metal Forming
Tools by Geographic Region/Country - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-125

Table 68: World Recent Past, Current and Future Analysis for
Special Machine Tools by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-126

Table 69: World Historic Review for Special Machine Tools by
Geographic Region/ Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-127

Table 70: World 15-Year Perspective for Special Machine Tools
by Geographic Region/Country - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin American Markets for the Years 2006,
2014 & 2020 (includes corresponding Graph/Chart) II-128

Table 71: World Recent Past, Current and Future Analysis for
Special Machine Tools by Product Segment - Waterjet Cutting
Machines, High Power Laser Cutting Machines, Electrochemical
Machines and Electrical Discharge Machines Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2013 through 2020 (includes corresponding Graph/Chart) II-129

Table 72: World Historic Review for Special Machine Tools by
Product Segment - Waterjet Cutting Machines, High Power Laser
Cutting Machines, Electrochemical Machines and Electrical
Discharge Machines Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2006 through 2012 (includes
corresponding Graph/Chart) II-130

Table 73: World 15-Year Perspective for Special Machine Tools
by Product Segment - Percentage Breakdown of Dollar Sales for
Waterjet Cutting Machines, High Power Laser Cutting Machines,
Electrochemical Machines and Electrical Discharge Machines
Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) II-131

Table 74: World Recent Past, Current and Future Analysis for
Waterjet Cutting Machines by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-132

Table 75: World Historic Review for Waterjet Cutting Machines
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-133

Table 76: World 15-Year Perspective for Waterjet Cutting
Machines by Geographic Region/Country - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-134

Table 77: World Recent Past, Current and Future Analysis for
High Power Laser Cutting Machines by Geographic Region/Country -
US, Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa
and Latin American Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-135

Table 78: World Historic Review for High Power Laser Cutting
Machines by Geographic Region/ Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin American
Markets Independently Analyzed by Annual Sales in US$ Million
for the Years 2006 through 2012 (includes corresponding
Graph/Chart) II-136

Table 79: World 15-Year Perspective for High Power Laser
Cutting Machines by Geographic Region/ Country - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
for the Years 2006, 2014 & 2020 (includes corresponding
Graph/Chart) II-137

Table 80: World Recent Past, Current and Future Analysis for
Electrochemical Machines by Geographic Region/Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-138

Table 81: World Historic Review for Electrochemical Machines
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2006 through 2012 (includes corresponding Graph/Chart) II-139

Table 82: World 15-Year Perspective for Electrochemical
Machines by Geographic Region/ Country - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-140

Table 83: World Recent Past, Current and Future Analysis for
Electrical Discharge Machines by Geographic Region/Country -
US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa
and Latin American Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) II-141

Table 84: World Historic Review for Electrical Discharge
Machines by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin American
Markets Independently Analyzed by Annual Sales in US$ Million
for the Years 2006 through 2012 (includes corresponding
Graph/Chart) II-142

Table 85: World 15-Year Perspective for Electrical Discharge
Machines by Geographic Region/Country - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East/ Africa and Latin American Markets for the Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) II-143

Table 86: World Recent Past, Current and Future Analysis for
Machine Tools in Automobile Applications by Geographic
Region/Country - US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2013
through 2020 (includes corresponding Graph/Chart) II-144

Table 87: World Historic Review for Machine Tools in
Automobile Applications by Geographic Region/ Country - US,
Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa and
Latin American Markets Independently Analyzed by Annual Sales
in US$ Million for the Years 2006 through 2012 (includes
corresponding Graph/Chart) II-145

Table 88: World 15-Year Perspective for Machine Tools in
Automobile Applications by Geographic Region/Country -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin American
Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) II-146

Table 89: World Recent Past, Current and Future Analysis for
Machine Tools in Aerospace/ Defense Applications by Geographic
Region/Country - US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2013
through 2020 (includes corresponding Graph/Chart) II-147

Table 90: World Historic Review for Machine Tools in
Aerospace/Defense Applications by Geographic Region/Country -
US, Canada, Japan, Europe, Asia-Pacific, Middle East/ Africa
and Latin American Markets Independently Analyzed by Annual
Sales in US$ Million for the Years 2006 through 2012 (includes
corresponding Graph/Chart) II-148

Table 91: World 15-Year Perspective for Machine Tools in
Aerospace/Defense Applications by Geographic Region/Country -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin American
Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) II-149

Table 92: World Recent Past, Current and Future Analysis for
Machine Tools in Electronics/Electrical Applications by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/ Africa and Latin American Markets
Independently Analyzed by Annual Sales in US$ Million for the
Years 2013 through 2020 (includes corresponding Graph/Chart) II-150

Table 93: World Historic Review for Machine Tools in
Electronics/Electrical Applications by Geographic
Region/Country - US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2006
through 2012 (includes corresponding Graph/Chart) II-151

Table 94: World 15-Year Perspective for Machine Tools in
Electronics/Electrical Applications by Geographic
Region/Country - Percentage Breakdown of Dollar Sales for US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin American Markets for the Years 2006, 2014 & 2020
(includes corresponding Graph/Chart) II-152

Table 95: World Recent Past, Current and Future Analysis for
Machine Tools in Other Applications by Geographic
Region/Country - US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin American Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2013
through 2020 (includes corresponding Graph/Chart) II-153

Table 96: World Historic Review for Machine Tools in Other
Applications by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/ Africa and Latin American
Markets Independently Analyzed by Annual Sales in US$ Million
for the Years 2006 through 2012 (includes corresponding
Graph/Chart) II-154

Table 97: World 15-Year Perspective for Machine Tools in Other
Applications by Geographic Region/ Country - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin American Markets
for the Years 2006, 2014 & 2020 (includes corresponding
Graph/Chart) II-155


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Domestic Manufacturing Industry On the Road to Recovery III-1
Shale Gas Revolution Promises to Trigger Manufacturing
Renaissance in the US III-1
Revolutionary Developments in US Defense Sector Spurs Growth
for Machine Tools Industry III-2
Proposed US-EU Trade Pact Boosts Prospects for Cross
Atlantic Machine Tool Trade III-2
Product Launches III-2
Strategic Corporate Developments III-3
Select Players III-4
B.Market Analytics III-8
Table 98: US Recent Past, Current and Future Analysis for
Machine Tools by Product Group/ Segment - Metal Cutting
Tools (Boring & Drilling Machines, Gear Cutting Machines,
Grinding, Honing, Lapping, Polishing & Buffing Machines,
Lathe Machines, Milling Machines, Machining Centers, Station
Type Machines, and Other Metal Cutting Tools); Metal Forming
Tools (Punching & Shearing Machines, Bending & Forming
Machines, Metal Working Presses, and Other Metal Forming
Tools); and Special Machine Tools (Waterjet Cutting
Machines, High Power Laser Cutting Machines, Electrochemical
Machines, and Electrical Discharge Machines) Markets
Independently Analyzed by Annual Sales in US$ Million for
the Years 2013 through 2020 (includes corresponding
Graph/Chart) III-8

Table 99: US Historic Review for Machine Tools by Product
Group/Segment - Metal Cutting Tools (Boring & Drilling
Machines, Gear Cutting Machines, Grinding, Honing, Lapping,
Polishing & Buffing Machines, Lathe Machines, Milling
Machines, Machining Centers, Station Type Machines, and
Other Metal Cutting Tools); Metal Forming Tools (Punching &
Shearing Machines, Bending & Forming Machines, Metal Working
Presses, and Other Metal Forming Tools); and Special Machine
Tools (Waterjet Cutting Machines, High Power Laser Cutting
Machines, Electrochemical Machines, and Electrical Discharge
Machines) Markets Independently Analyzed by Annual Sales in
US$ Million for the Years 2006 through 2012 (includes
corresponding Graph/Chart) III-9

Table 100: US 15-Year Perspective for Machine Tools by
Product Group/Segment - Percentage Breakdown of Dollar Sales
for Metal Cutting Tools (Boring & Drilling Machines, Gear
Cutting Machines, Grinding, Honing, Lapping, Polishing &
Buffing Machines, Lathe Machines, Milling Machines,
Machining Centers, Station Type Machines, and Other Metal
Cutting Tools); Metal Forming Tools (Punching & Shearing
Machines, Bending & Forming Machines, Metal Working Presses,
and Other Metal Forming Tools); and Special Machine Tools
(Waterjet Cutting Machines, High Power Laser Cutting
Machines, Electrochemical Machines, and Electrical Discharge
Machines) Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) III-10

Table 101: US Recent Past, Current & Future Analysis for
Machine Tools by End-Use Application - Automobile,
Aerospace/Defense, Electronics/ Electrical, and Others
Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) III-11

Table 102: US Historic Review for Machine Tools by End-Use
Application - Automobile, Aerospace/Defense,
Electronics/Electrical, and Others Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2006
through 2012 (includes corresponding Graph/Chart) III-12

Table 103: US 15-Year Perspective for Machine Tools by
End-Use Application - Percentage Breakdown of Dollar Sales
for Automobile, Aerospace/Defense, Electronics/Electrical,
and Others Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) III-13

2. CANADA III-14
A.Market Analysis III-14
Outlook III-14
Machine Tools Industry: An Overview III-14
Distribution Channels III-14
Steady Recovery of Manufacturing Sector Encourages Machine
Tool Manufacturers III-15
Increasing Activity in the Aerospace Sector Bodes Well For
Canadian Machine Tool Market III-15
Product Launch III-15
B.Market Analytics III-16
Table 104: Canadian Recent Past, Current and Future Analysis
for Machine Tools by Product Group/Segment - Metal Cutting
Tools (Boring & Drilling Machines, Gear Cutting Machines,
Grinding, Honing, Lapping, Polishing & Buffing Machines,
Lathe Machines, Milling Machines, Machining Centers, Station
Type Machines, and Other Metal Cutting Tools); Metal Forming
Tools (Punching & Shearing Machines, Bending & Forming
Machines, Metal Working Presses, and Other Metal Forming
Tools); and Special Machine Tools (Waterjet Cutting
Machines, High Power Laser Cutting Machines, Electrochemical
Machines, and Electrical Discharge Machines) Markets
Independently Analyzed by Annual Sales in US$ Million for
the Years 2013 through 2020 (includes corresponding
Graph/Chart) III-16

Table 105: Canadian Historic Review for Machine Tools by
Product Group/Segment - Metal Cutting Tools (Boring &
Drilling Machines, Gear Cutting Machines, Grinding, Honing,
Lapping, Polishing & Buffing Machines, Lathe Machines,
Milling Machines, Machining Centers, Station Type Machines,
and Other Metal Cutting Tools); Metal Forming Tools
(Punching & Shearing Machines, Bending & Forming Machines,
Metal Working Presses, and Other Metal Forming Tools); and
Special Machine Tools (Waterjet Cutting Machines, High Power
Laser Cutting Machines, Electrochemical Machines, and
Electrical Discharge Machines) Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2006
through 2012 (includes corresponding Graph/Chart) III-17

Table 106: Canadian 15-Year Perspective for Machine Tools by
Product Group/ Segment - Percentage Breakdown of Dollar
Sales for Metal Cutting Tools (Boring & Drilling Machines,
Gear Cutting Machines, Grinding, Honing, Lapping, Polishing &
Buffing Machines, Lathe Machines, Milling Machines,
Machining Centers, Station Type Machines, and Other Metal
Cutting Tools); Metal Forming Tools (Punching & Shearing
Machines, Bending & Forming Machines, Metal Working Presses,
and Other Metal Forming Tools); and Special Machine Tools
(Waterjet Cutting Machines, High Power Laser Cutting
Machines, Electrochemical Machines, and Electrical Discharge
Machines) Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) III-18

Table 107: Canadian Recent Past, Current & Future Analysis
for Machine Tools by End-Use Application - Automobile,
Aerospace/Defense, Electronics/Electrical, and Others
Markets Independently Analyzed by Annual Sales in US$
Million for the Years 2013 through 2020 (includes
corresponding Graph/Chart) III-19

Table 108: Canadian Historic Review for Machine Tools by
End-Use Application - Automobile, Aerospace/Defense,
Electronics/ Electrical, and Others Markets Independently
Analyzed by Annual Sales in US$ Million for the Years 2006
through 2012 (includes corresponding Graph/Chart) III-20

Table 109: Canadian 15-Year Perspective for Machine Tools by
End-Use Application - Percentage Breakdown of Dollar Sales
for Automobile, Aerospace/Defense, Electronics/Electrical,
and Others Markets for the Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) III-21

3. JAPAN III-22
A.Market Analysis III-22
Outlook III-22
Japan: A Major Machine Tools Market III-22
A Key Import Market for High Performance Machines III-23
Market Structure III-23
Japanese Machine Tools Distribution III-23
Distribution Channels for Machine Tools in Japan III-24
Market Trends III-24
Companies Instigate New Measures to Stay Competitive III-24
Disaster Recover