ISBN 1-85765-731-4

Table of Contents

Executive Summary

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TABLE OF CONTENTS

Executive Summary

Market Definition

INTRODUCTION

MARKET SECTORS

MARKET POSITION

MARKET TRENDS

Table 1: Estimated Share of World Machine Tools Production by Value ( percent of world output and $bn), 1993-1996

Table 2: Estimated Share of World Machine Tools Exports by Value ( percent of world exports and $bn), 1993 and 1996

Table 3: Estimated Share of the European Machine Tools Production by Value ( percent and million of ECU), 1995

Table 4: Estimated External Trade in Machine Tools (million of ECU), 1995

Market Size

INTRODUCTION

THE TOTAL MARKET

OVERSEAS TRADE

Table 5: Apparent UK Market for Machine Tools at Current Prices (£m), 1990-1996

Table 6: UK Trends in Foreign Trade at Current Prices (£m and percent), 1985-1996

Table 7: Analysis of UK Machine Tools Export/Import Performance (£m), 1996

Table 8: Export Destinations for UK Machine Tools (£m and percent), 1996

Table 9: Sources for UK Machine Tools Imports (£m and percent), 1996

Industry Background

RECENT HISTORY

INDUSTRY CONCENTRATION

DISTRIBUTION

TRADE ASSOCIATIONS

Table 10: Employment in the Machine Tools Industry (000), 1985-1996

Table 11: Size Distribution of VAT-Registered Units Involved in Machine Tools Manufacture (number and percent), 1995

Table 12: Employment Size Banding of Limited Companies in Standard Industry Code (SIC) 294 by Number of Employees (number and percent), 1995

Table 13: Size Analysis of Companies in the Machine Tools Industry by Number of Employees (number), 1996

Table 14: Location of Machine Tools Manufacturers in the UK (number and percent), 1995

Competitor Analysis

THE MARKETPLACE

MARKET LEADERS

ADVERTISING AND PROMOTION

Table 15: Leading UK-Owned Machine Tools Companies (£m), 1995/1996

Table 16: Leading Foreign-Owned Machine Tools Companies, 1996

Table 17: Number of Competitors with Stands Booked at EMO 97, As At June 1997

Strengths, Weaknesses, Opportunities and Threats (SWOT)

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

Buying Behaviour

USERS OF MACHINE TOOLS

INVESTMENT

Table 18: Gross Fixed Investment in Plant and Machinery by Manufacturing Industry (£m at 1990 prices), 1985-1996

Outside Suppliers to the Industry

Current Issues

CORPORATE ACTIVITY

SKILLED ENGINEERS

PRODUCT DEVELOPMENT

LEGISLATION

Forecasts

INTRODUCTION

FORECASTS 1997 TO 2001

Table 19: Forecast for the Machine Tools Market at Current Prices (£m), 1997-2001

Company Profiles

INTRODUCTION

DEFINITIONS

FURTHER INFORMATION

Further Sources

ASSOCIATIONS

PERIODICALS

DIRECTORIES

GENERAL SOURCES

HBI UK INFORMATION SOURCES

GOVERNMENT PUBLICATIONS

OTHER SOURCES

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EXECUTIVE SUMMARY

The apparent UK market for machine tools was estimated to be worth £967m in 1996, although this figure excludes parts and accessories, and the closely linked cutting tools market value. The machine tools market has always been highly cyclic, driven as it is by other capital goods demand cycles. Market growth for 1996 was 25.9 percent, although it is expected to fall to 3 percent in 1997.

The market consists of three main sections. These are classified as: conventional metal cutting machine tools (such as machining centres, lathes, milling machines and grinders); unconventional metal cutting machine tools (such as laser, physico-chemical and water jet machines); and metal forming machine tools. The large parts and accessories market is considered as a separate sector to these three main markets. Ancillary to these sectors is the cutting tools market, which supplies changeable cutting tools to the production users of machine tools.

The machine tools industry supplies all manufacturing sectors with the tools that enable them to manufacture industrial and consumer goods. Thus, the machine tools industry is severely affected by changes in demand for all manufactured goods and is thus highly cyclic. The industry cannot react to high swings in demand sufficiently quickly, therefore, imports make up the shortfall.

The major users of machine tools are vehicle manufacturers and the aerospace industry. A new automotive plant will create a sudden demand for machine tools, both from the plant and from their subcontractors, as has been seen with recent export orders from Spain and China. In 1996, the semiconductor sector in the UK required physico-chemical machinery which caused a sharp rise in imports from the US. Strong sterling has improved the purchasing value of the pound and has contributed to the rise in imports.

The market for machine tools is predicted to grow to £1.26bn by the year 2001, although it is subsequently expected to fall again as it passes the peak of the next cycle. This figure will be affected by various uncertain factors, such as whether new car plants are created in the UK, the progress on the Airbus 3XX 850 seater aircraft, the consequences of a single European currency, changes in the base interest rate, and tax incentives on capital investment in plant and equipment by the new Labour Government.

Text © 1997 Key Note

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