World Machine Tools Markets

ONTENTS

I. INTRODUCTION, METHODOLOGY AND 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-5
Lathes I-5
Milling Machines I-5
Machining Centers I-5
Station Type Machines I-5
Miscellaneous Metal Cutting Tools I-5
Metal Forming Tools I-5
Punching & Shearing Tools I-6
Bending & Forming Tools I-6
Metal Working Presses I-6
Miscellaneous Metal Forming Tools I-6
Special Machine Tools I-6
Waterjet and Laser Machines I-6
Electrochemical Machines I-7
Electrical Discharge Machines I-7
Co-ordinate Measuring Machines I-7
End-Use Segments I-7
Automotive Industry I-7
Aerospace/Defense Industry I-7
Non-Electric Machinery and Equipment Industry I-7
Electronics/Electrical Machinery and Equipment Industry I-7
Others I-8
Oilfield Industry I-8
Medical Industry I-8

II. EXECUTIVE SUMMARY

1. Machine Tools - An Introduction II-1
A Quick Market Primer II-1
Market Overview II-1
Modernization of Installation Bases Drive Demand in Developed
Countries II-2
Taiwan and South Korea - Potential Markets II-2
Electronic Equipment and Motor Vehicles Drive Demand II-2
Industry Supply Chain II-3
�Capital Equipment Accelerator� Effect II-3
�Bullwhip� Effect II-3
Why Machine Tools Industry? II-3
Journeying the Timeline of Development: A Case Study of the
US� Machine Tool Industry II-3
A Vibrant Market for International Trade II-4

2. Current and Future Analysis II-5
Global Machine Tool Industry: A War of Titans! II-5
World�s Top Ten Machine Tool Markets for 2006: Countries
Ranked by Value of Production, Consumption, Import and
Export II-5
World�s Top Ten Machine Tool Markets for 2005: Countries
Ranked by Value of Production, Consumption, Import and
Export II-6
Growth Rates Slowing but Ongoing Capex in Asia Portends Strong
Sales II-6
Machine Tools Market Buoyed by Strong Industrial Climate II-6
Analysis by Product Category II-7
Analysis by End-Use Segment II-7
Major Emerging Markets II-7
China: The Dragon Marches Ahead II-7
Table 1: World Leading Markets for Machine Tools
(2001-2010): Consumption Ranked by Value Growth for China,
Japan, US, Germany, and Italy (includes corresponding
Graph/Chart) II-8
Machine Tool Production: Japan & Germany Retain Ranks while
Taiwan Outshines the US II-8
Table 2: Leading Producers of Machine Tools Worldwide (2006):
Top Ten Countries Ranked by Percentage Share of Production
Value - Japan, Germany, China, Italy, S. Korea, Taiwan,
United States, Switzerland, Spain, and France (includes
corresponding Graph/Chart) II-8
Machine Tool Imports: China Leads II-9
Table 3: Leading Importers of Machine Tools Worldwide (2006):
Top Ten Countries Ranked by Percentage Share of Import Value
- China, United States, S. Korea, Germany, Taiwan, Italy,
Mexico, France, Turkey, and United Kingdom (includes
corresponding Graph/Chart) II-9
Machine Tool Exports: Germany & Japan - The Battle for
Leadership Goes On II-9
Table 4: Leading Exporters of Machine Tools Worldwide (2006):
Top Ten Countries Ranked by Percentage Share Breakdown of
Export Value - Germany, Japan, Italy, Taiwan, Switzerland,
United States, S. Korea, China, United Kingdom, and Spain
(includes corresponding Graph/Chart) II-9

Table 5: World Machine Tools Market (2006): Percentage
Breakdown of Domestic Orders by Major Sector - General
Machinery, Automobile, Electrical Machinery, Precision
Machinery, and Others (includes corresponding Graph/Chart) II-10

Table 6: World Machine Tools Market (2006): Percentage
Breakdown of Domestic Orders by Region/Country - North
America, Europe, China, Other Asian Countries, and Others
(includes corresponding Graph/Chart) II-10

Table 7: Leading Exporters of Machine Tools for Working
Metal, Sintered Metal Carbides or Cermets (Without Removing
Metals) for 2005: Top Ten Countries Ranked by Percentage
Share of Export Value - Germany, Japan, Italy, US, Taiwan,
Switzerland, France, Austria, Belgium, Spain, and Others
(includes corresponding Graph/Chart) II-10

Table 8: Leading Exporters of Machine Tools for Working Metal
by Removing Metals or Other Materials for 2005: Top Ten
Countries Ranked by Percentage Share of Export Value - Japan,
Germany, US, Switzerland, Italy, Taiwan, UK, Belgium, Korea,
China, and Others (includes corresponding Graph/Chart) II-11

Table 9: Leading Importers of Machine Tools for Working
Metal, Sintered Metal Carbides or Cermets (Without Removing
Metals) for 2005: Top Ten Countries Ranked by Percentage
Share of Import Value - US, China, Mexico, Germany, France,
Italy, Canada, Spain, Thailand, Malaysia, South Korea, and
Others (includes corresponding Graph/Chart) II-11

Table 10: Leading Importers of Machine Tools for Working
Metal by Removing Metals or Other Materials for 2005: Top Ten
Countries Ranked by Percentage Share of Import Value - US,
Germany, China, Italy, France, South Korea, Taiwan, Mexico,
UK, Japan, Canada, Thailand, and Others (includes
corresponding Graph/Chart) II-12

3. Competitive Analysis II-13
Market Restraints in Metal Cutting Tools Industry II-13
High-Speed Steel Cutting Tools Market II-13
Table 11: Leading Players in the Global High-Speed Steel
Cutting Tools Market (2001-2005): Percentage Breakdown by
Value Sales for Sandvik, Kennametal, OSG Sossner, Ingersoll,
Kobe, Nachi, Hitachi, and Others (includes corresponding
Graph/Chart) II-13
Market Drivers in Laser Machine Tools Market II-14
Electrical Discharge Machine Tools Market II-14
Mitsubishi Steals the Stage II-14
Table 12: Mitsubishi�s Market Stance (2004): Consolidated
Revenue Shares for China, Japan, US and World Machine Tool
Markets (includes corresponding Graph/Chart) II-14
Electrochemical Machine Tools Market II-15
Table 13: Leading Players in the Global Electrochemical
Machine Tools Market (2001-2005): Percentage Breakdown of
Value Sales for Extrude Hone, APC Aerospecialty, Chuo
Seisakusho, Dynetics, 3CD Gradningsteknologi, Dubuis,
Anatronic, and Others (includes corresponding Graph/Chart) II-15
Water Jet Machine Tools Market II-16
Table 14: Leading Players in the Global Water Jet Machine
Tools Market (2001-2005): Percentage Breakdown by Value Sales
for Flow International, OMAX, Technicut Waterjet, ESAB,
Bystronic, Sugino, and Others (includes corresponding
Graph/Chart) II-16
Coordinate Measuring Machine Tools Market II-17
Table 15: Leading Players in the Global Coordinate Measuring
Machine Tools Market (2001-2005): Percentage Breakdown by
Value Sales for Brown & Sharpe, Wenzel Prazision, Mitutoyo
America, LK Limited, International Metrology Systems, and
Others (includes corresponding Graph/Chart) II-17

4. Market Trends II-18
Multi Tasking Machines Gear Up to Revolutionize Machine Tool
Dynamics II-18
A Macro Shift to Micro Machining Tools II-18
�Cutting� the Frills II-18
Retrofit Market Keeps CNC Sales Alive II-18
Flexible Manufacturing Catching Impetus II-19
Globalization Dents Industry�s Profitability II-19
Scaling Down Smaller Enterprises II-19
Bar Fed Machining Centers Gain Rapid Acceptance II-19
Two Offset Numbers become Norm in Machining Center Programs II-19
Silicon Carbide (SiC) Cutting Tools become a Rage II-20
Environmental Concerns Spur Innovations in Cutting Tools II-20
�Intelligent� Threat Brewing II-20

5. Machine Tools Industry - An Overview II-21
The Indispensable Commodity II-21
Tooling Up for Better Business II-21
Machining the Finer Edges of Business Game II-21
Better Tools Imply Better Business II-22
Shift to Asia Strains MT Makers� Margins Across World II-22
Declining Profitability - A Major Issue II-22
�Controls� is a Thriving Business II-22
Factors Affecting The Machine Tool Market II-22
Micro Economic Factors II-22
Macro Economic Factors II-23
Product Quality II-23
Product Reliability II-23
Product Capability II-23
Product Customization II-23
Internal Sourcing II-24
From Tooling. II-24
To Pooling II-24
Funds Crunch II-24
Price II-25
Consumer Awareness II-25
Developing Products Together with their Users II-25
Customer Service and Support II-25
Technological Competence II-26
Rapid Changes in Technology II-26
HSK - The New Tooling Standard II-26
Applications of HSK Technology II-27
Economic Conditions II-27
Performance of End-User Industries II-28
Targeting End-Users II-28
Short Lead Times II-28
New Age Materials II-29
Replacement: An Added Cost II-29

6. Product Overview II-30
Machine Tools II-30
Commercial Use of Machine Tools: A Historical Retrospective II-30
Metal Cutting Machine Tools II-30
Structure of Metal Cutting Tool II-30
Cutting Methods II-31
Major Categories of Tools II-31
Rotary Cutting Tools II-31
Carbide Cutting Tools II-31
Stamping Die II-32
Types of Metal Cutting Machine Tools II-32
Boring & Drilling Machines II-32
Gear Cutting Machines II-32
Grinding, Honing, Lapping, Polishing & Buffing Machines II-32
CNC Grinding Machines II-32
Lathes II-33
Types of Lathes II-33
CNC Lathes II-33
Milling Machines II-33
Major Components II-34
Body of the Milling Machines II-34
Length of Cut II-34
Helix Angle II-34
Land II-34
Diameter II-35
End Teeth II-35
CNC Milling Machines II-35
Center Cutting and Non Center Cutting Milling Machines II-35
Machining Centers II-35
Horizontal CNC Machining Centers II-36
Vertical CNC Machining Centers II-36
Station Type Machines II-36
Miscellaneous Metal Cutting Tools II-36
Metal Forming Machine Tools II-36
Types of Metal Forming Machine Tools II-36
Punching & Shearing Tools II-37
Bending & Forming Tools II-37
�Bending� Vs �Forming� II-37
Metal Working Presses II-37
Miscellaneous Metal Forming Tools II-37
Special Machine Tools II-38
Water Jet and Laser Machines II-38
Electrochemical Machines II-38
Electrical Discharge Machines II-38
Die-Sink EDMs II-39
Wire-Cut EDMs II-40
Die-Sink Machines Vs Wire-Cut Machines II-40
Technology Boosts the Special Machine Tools� Demand Further II-40
Coordinate Measuring Machines II-40
Market Segmentation by Machine Price and Precision II-41
High-End Machine Tool Market II-41
A Controlled Market II-41
Achieving Precision the Laser Way II-41
Mid-Range Machine Tool Market II-42
Low-End Machine Tool Market II-42

7. End Use Markets II-43
Reading the Market Pulse II-43
Importance of Tracking End Use Trends II-43
End User Trends worth Noting for the Machine Tool Industry II-44
Categorization of End-Use Industries II-44
Automotive Industry II-44
Demand for Machine Tools gets Heavier with Rising Demand for
Lighter Components II-45
Other Demand Drivers II-45
Issues and Trends II-45
Overcapacity - A Regional Market Perspective II-45
Europe - An Industrial Slowdown Exposes Excess Capacity Levels II-45
Consolidation - Growth Through Shrinkage II-45
Auto-IT Nexus - Big Money Online II-46
Automotive Electronics - An Emerging Phenomenon II-46
The Future is �Green� II-46
Aerospace/Defense Industry II-46
Aircraft Industry II-46
Leading Markets II-47
Trends II-47
Non-Electric Machinery and Equipment Industry II-48
Agricultural Implements & Machinery II-48
Trends II-48
Replacement Demand Drives Growth in Developed Countries II-48
Farm Mechanization - Increasingly Widespread II-48
Farm Consolidation - Order of the Day II-49
Utility Performance and Automation - Prime Factors II-49
Food Processing Machinery and Equipment II-49
Food Processing - An Industry in Transition II-49
Food Processing Machinery Industry - Highly Fragmented II-50
Demand Drivers II-50
Industry Highlights II-50
Construction Equipment II-50
Primary Factors Influencing the Industry II-51
Packaging Machinery II-51
Packaging Machinery: A Healthy and Mature Market II-51
Package Dynamics Propel Machine Tool Sales II-52
Woodworking Machinery II-52
Electronics/Electrical Machinery and Equipment Industry II-52
Major Appliance Business II-53
Small Appliance Market II-53
Others II-53
Oilfield Industry II-53
Medical Industry II-53

8. Historic Review II-54
A Snapshot of Global Machine Tools Market (2002 Vs 2001): A
Major Shakeout II-54
Market Size II-55
Consumption by Region II-55
Consumption by Product Category II-55
Consumption by End-Use Segment II-55

9. Product Introductions/Innovations II-56
Hardinge Launches the New Gearless Rotary System II-56
Hardinge Unveils Direct-Drive Super-Precision Technology II-56
Bridgeport Unveils GX 1000 Vertical Machining Center II-56
Hardinge Launches SV-Series CNC Turning Centers II-56
Bridgeport Introduces GX 1000 B Boxway VMC II-57
Hardinge Launches Bearing Spindle Indexer II-57
MCR-H (Hyper), the Futuristic Double Column Machining Center II-57
Okuma Launches SPACE TURN EX Series, the Improved Version of
CNC Lathes II-57
Climax Portable Machine Tools Launches LM6000 Portable Linear
Mill II-58
SANDVIK Coromant Unveils CoroDrill 880 Drilling Machine II-58
POWER Machinery Introduces Shark 332 CNC FE Electrohydraulic
Sawing Machine II-58
Mori Seiki Launches NV1500 DCGl1 Vertical Machine II-58
Walter Launches Indexable Inserts for Ball Nose Cutters and
Xtratec Face Milling Centers II-59
Mori Seiki Co. Ltd. Rolls Out NV1500 DCG II-59
Hardinge Introduces Hardinge-Bridgeport VMC760XP3 II-59
Amada Introduces the new HFA 530 Band Saw Machine II-59
Mori Seiki Unveils NH8000 DCG II-60
GM Unveils Agile Machine Tool - Pushing CNC Capabilities
Beyond Flexible Limits II-60
Hardinge Inc. Introduces E-series CNC Lathes II-60
Okuma Develops World�s First Collision Avoidance System II-60
TRUMPF Introduces TRUMATIC 3000 LASERPRESS II-61
Hardinge Inc. Introduces TALENT 10/78 and 8/52A Lathes II-61
Mori Seiki Co. Ltd. Launches NH8000 DCG II-62
Yamazaki Mazak Exhibits Multitasking Machines at Touch the
Future 2004 II-62
TRUMPF Introduces TLF 6000 Laser for Flatbed Laser Cutting
Machines II-62
Okuma Develops MULTUS B300 II-63
TRUMPF Launches TKF 1100-0 Beveller II-63

10. Product Introductions/Innovations in the Recent Past II-64

Mori Seiki Launches New Horizontal and Vertical
Machining Centers II-64
Hardinge Inc. Launches Quest� with HydroGlide� II-64
Makino Milling�s New Machining Centers II-65
SANDVIK Coromant Introduces CoroMill 790 Al-cutter II-65
New Arrow Series 2 VMC-1250C from Cincinnati Machine II-65
Kellenberger Introduces Kel-Vista 600 II-65
Kennametal Introduces Metal Cutting Industry's Fastest
Indexing System II-65
TRUMPF Introduces The TRUMATIC 2010 Rotation 2002-01-31 II-66
Impaco Launches New Model of Microfinishing Machine II-66
Hansco Releases Digma II-66
Heller Rolls out MCT Twin-Spindle Machining Centers II-66
Mon Seiki Launches NV5000 Vertical Machining Center II-66
Daewoo Releases DMV 4020 II-67
Breton Unveils Innovative Designs in Vertical Machining Centers II-67
Melchiorre Launches ELC Series II-67
Allied Machine Introduces T-A Drilling System II-67
Methods Introduces RoboDrill B Space Saver Machining Center II-67
Hansco Introduces DIGMA "Cheetah" II-68
Hansco Introduces High-Pressure/High-Precision Vises II-68
Hansco Introduces New Performance Technology II-68
M4 High Speed Graphite Machining Center of Hansco II-68
Hansco Introduces DMU 60 L Series II-68
Hansco Re-Introduces Schaublin Machines Instrument and Tool
Room Lathes II-69
Hansco Introduces GS: I Internal Grinding Machines II-69
BFW Unveils New CNC Vertical Machining Center II-69
Hansco Releases EP Line of NC/CNC Grinding Machines II-69
YCI Introduces FV102A II-70
Fadal Releases New Feature for Machining Centers II-70
BP and BMP Series of Horizontal Boring and Milling Machines of
Hansco II-70
Bridgeport Introduces FGC 1000 Flexible Grinding Center II-70
Mazak Introduces Integrex e-1060V II-70
Whitehouse Releases New Sliding Head Lathes II-71
William Watts Unveils Supermax FV56A II-71
Pennine Launches PV Range of Turn/Mill/Drill Centers II-71
Spinner Unveils CNC Lathes II-71
Kellenberger Introduces Kel-Varia Super-Precision CNC
Cylindrical Grinding Machine II-71
Makino Releases A55E II-72

11. Recent Industry Activity II-73
Gildemeister Completes Acquisition of WKZ II-73
Kennametal Acquires KENCI II-73
B&B Tools Acquires Jarnet i Nybro II-73
Karolin Machine Tool Acquires La Decoupe SA II-73
Kennametal Acquires Purity Metal and International Specialty II-73
Kennametal Acquires Cutting Tool Business from Federal Signal II-73
Kyocera and Kennametal Announce Partnership II-74
TRUMPF Establishes Machine Tools Subsidiary II-74
Ditzingen and JENOPTIK to Establish a Joint Venture Company II-74
Konecranes Completes Acquisition of Two Scandinavian MTS
Companies II-74
Dean Smith Establishes MCON UK, a Precision Milling Machines
Division II-75
CNC Machine Tools Enters into an Agreement with Pacer Systems II-75
PartMaker and Mori Seiki Enter into Partnership for
Programming Solutions II-75
TAL Collaborates with European Firms for Improved
Technological Solutions II-75
KMT Lidkoping Inks Agreement with SKF II-76
Mori Seiki Partners with Mitsui for Overseas Machine Tools
Operations II-76
UCAM Inks Joint Venture Agreement with Rosa Ermando SpA II-76
KMT Group Acquires Service Firm AquaForce II-76
KMT Enters into an Agreement with SKF II-76
MAG Takes Over Machine Tool Manufacturer II-77
Mori Seiki Establishes a New Business Firm II-77
Colonial Takes Over Advance Cutting II-77
Ind�strias Romi Enters into an Agreement with ACE II-77
Metris Completes the Acquisition of Coord3 II-78
HBD Completes Acquisition of Precision Metal II-78
Voestalpine Acquires Majority Stake in Two German Companies II-78
Batliboi Completes the Acquisition of Quickmill II-78
Sandvik Completes the Acquisition of Hydramatic II-79
Compact Acquires DOC Assets II-79
WuXi KaiYuan Machine Tools Inks Deal with Timken II-79
TRUMPF Acquires Sales Associate II-79
Methods Machine Tools Partners with Hwacheon Machinery II-79
Japan Fuji Machine Divests from Chinese Subsidiary II-80
Doosan Infracore Expands International Operations II-80
AddisonMckee Canada Acquires Mechtron Innovations II-80
Cutting Tools Brands to Merge Operations II-80
AVIC I Acquires Dongfang Machine Tool II-81
Han�s Laser Enters Joint Venture with Shenyang Machine Tools II-81
Jyoti CNC Acquires European Tools Manufacturing Company II-81
Jana Partners and Sany Corp Enter Bid to Acquire Shenyang Machine II-81
Citizen Watch Co Partners with Miyano Machinery II-81
Morgan Stanley Acquires Chinese Machine Tool Producer II-81
Yamazaki Mazak Invests in New Plant II-82
M&S Manufacturing Company Divests Business II-82
Kennametal Opens New Manufacturing Unit in Asia Pacific II-82
Makino Milling Expands Production Capacity II-82
Mori Seiki Establishes new Plant in Japan II-82
Mori Seiki Expands Chinese Operations II-82
Mori Seiki invests 2 Billion Yen in New Plant II-83
Kennametal Establishes New Facility II-83
Kennametal Inc. Acquires Sintec Group II-83
Renold Divests Machine Tool Unit II-83
Karolin Machine Tool Acquires Aqua-Dyne II-83
Kennametal Takes Over VMB/Diva-Tec Group II-84
Skoda Machine Tool Enters Joint Venture in Russia II-84
TRUMPF Establishes New Subsidiary in Russia II-84
Mazak Establishes New Facility in the US II-84
Mori Seiki Takes Over DIXI Machines II-84
Star Cutter Takes Over Northern Tool II-85
Berkshire Hathaway Acquires Iscar Metalworking II-85
Bruderer UK Acquires Metal Stamping-Related Companies II-85
KMT Acquires H2O Jet and Robotic Production II-85
Sandvik Acquires UDR Group II-85
Sandvik Acquires Implementos Mineros II-86
SKF Takes Over Precision Balancing II-86
SKF Acquires SNFA SAS II-86
Karolin Enters into a Divestiture Agreement with Avalon Plus II-86
Sandvik Completes Acquisition of Hagby-Asahi II-87
Maxcor Acquires Ex-Cell-O II-87
Skoda Machine to Form Joint Venture with Ulyanovsk and STANKO
IMPEX II-87
600 Machine Tools Enters into Partnership with Mitsui Seiki II-87
Synova to Establish Maiden Micro-Machining Center II-87
Micromatic Grinding Technologies Opens New Plant in Ghaziabad II-88
Methods Machine Tools Enters into Partnership with Toyoda
Machinery II-88
Power Air and Mid States Tool Ink an Agreement II-88
Mercury Castings Enters into a Deal with Manitowoc and Polaris II-88
Climax and Hyundai Enter into a Cooperative Agreement II-88
iCarbon Corp Acquires Classifier Milling Systems II-89
Mori Seiki Joins Hands with Ellison Technologies II-89
Nicol�s Correa Merges with Industrias Anayak II-89
StarragHeckert Acquires SIP and its Subsidiaries II-89
Flotek Acquires Two Drilling Tool Companies in the US II-90
Horkos Establishes Subsidiary for Machine Tool After-Service
in France II-90
Riello Acquires Tri-Way Manufacturing Technologies II-90
Maxcor Acquires Metal Cutting Group from ThyssenKrupp II-90
Maxcor Acquires Cincinnati Lamb II-90
Doosan Group Acquires Daewoo II-90
Shenyang Builds on Yunnan�s Market Leadership II-91
Dalian Machine Tool Group Buys Zimmermann AG II-91
CPMT Partners with Uddcomb II-91
Agie Charmilles Merges Research and Production of EDMs II-91
Nachi Fujikoshi Enrolls Aircraft Biggies for �Christmas Tree
Forms Broach� II-91
Mori Seiki Expands Presence in European Market II-92
Walter Ups Stake in Walter Tecno Util II-92
Kennametal Acquires Extrude Hone Corporation II-92
Ajax� Bolt-on Acquisition - A Fair Deal to SEMCO�s Clientele II-92
Spanish Machine Tools Makers Plan Merger II-92
Toyoda Extends Ties with Koyo Seiko II-92
Amada Ties Up with Alibre to Deliver 3-D Technology II-92
TOS Sets Foot into China II-93
Skoda MT Bags Orders worth CZK 700 Million II-93
FANUC Inaugurates Nagoya Sales Branch and Nagoya Service Branch II-93
Shenyang in a Recompensing Move II-93
Shenyang Machine Tools� Acquisition Spree Going Strong II-93
Hardinge Pockets Bridgeport�s Sales & Service Operations II-94
Walter�s Acquisition Spree Going Strong II-94
Turkish Machine Tool Vendor Roped in for Machine Tool Supply
for Iraq II-94
Kovosvit MAS, TOS Varnsdorf and Hameco in a Manufacturing Tie-up II-94
MHI Expands Presence in the Chinese Market II-94
GE Fanuc Automation Europe De-Merges II-95
Horkos Lines Up $8.2 Million for New Assembly Plant II-95
MIT to Divest Machine Tools II-95
Karolin Machine Tool Snaps up Ingersoll-Rand�s Waterjet
Operations II-95
Fanuc and Mitsui in a Russian Venture II-95
UK CNC Lathes Sales to Expand in Germany II-96
Unova Streamlines Industrial Automation Systems� Capabilities II-96

12. Strategic Corporate Developments in Recent Past II-97

Mori Seiki Acquires Hitachi II-97
Uralmash Signs Contract with Alta II-97
Mori Seiki Establishes UK Technical Center II-97
Prime Technology Acquired by Method Machine II-97
Lead Machine and Sachman Ink an Agreement II-97
Hindustan Machine Tools Inks Pact with Nigeria Machine Tools II-98
Ikegai Forges Partnership with Shin Nippon II-98
Danabat Partners with Craig for Selling Latest Machine Tools II-98
IMTMA and Satyam Enter into Partnership II-98
Kovosvit Earns Contract from Excel II-98
Parker Staves off its Commercial Metal Forming Business to
Blue Point II-98

13. Focus on Select Global Players II-99
Agie Charmilles Management Ltd (Switzerland) II-99
Allied Machine & Engineering Corp (US) II-99
Amada Group of Companies (Japan) II-99
Amada America Inc. (US) II-99
Amada Cutting Technologies (US) II-100
Amada Co. Ltd (Japan) II-100
Cincinnati Automation & Test (US) II-100
Doosan Infracore Co. Ltd. (South Korea) II-100
FANUC Ltd. (Japan) II-101
Giddings & Lewis Machine Tools LLC (US) II-101
Gildemeister Aktiengesellschaft (Germany) II-102
Gildemeister Italiana S.p.A. (Italy) II-102
Hardinge Inc. (US) II-102
Kennametal Inc (US) II-103
Makino Milling Machine Co. Ltd. (Japan) II-103
Mori Seiki Company, Ltd. (Japan) II-104
Okuma Corporation (Japan) II-104
Otto Bihler Maschinenfabrik GmbH & Co. KG (Germany) II-104
Shanghai Machine Tool Works (China) II-105
Sodick, Inc (US) II-105
Spinner Werkzeugmaschinenfabrik GmbH (Germany) II-106
TAJMAC - ZPS, a. s. (Czech Republic) II-106
Trumpf GmbH + Co. KG (Germany) II-106
Walter AG (Germany) II-106
Yamazaki Mazak Corporation (Japan) II-107

14. Global Market Perspective II-108
Table 16: 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
America Independently Analyzed by Annual Sales in US$ Million
for the Years 2001 through 2010 (includes corresponding
Graph/Chart) II-108

Table 17: World Long-Term Projections for Machine Tools by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-109

Table 18: World Historic Review for Machine Tools by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-110

Table 19: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-111

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
America Independently Analyzed by Annual Sales in US$ Million
for the Years 2001 through 2010 (includes corresponding
Graph/Chart) II-112

Table 21: World Long-Term Projections for Metal Cutting Tools
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-113

Table 22: 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, Lathes, Milling Machines,
Machining Centers, Station Type Machines and Miscellaneous
Metal Cutting Tools Independently Analyzed by Annual Sales in
US$ Million for the Years 2001 through 2010 (includes
corresponding Graph/Chart) II-114

Table 23: World Long-Term Projections for Metal Cutting Tools
by Product Segment - Boring & Drilling Machines, Gear Cutting
Machines, Grinding, Honing, Lapping, Polishing & Buffing
Machines, Lathes, Milling Machines, Machining Centers, Station
Type Machines and Miscellaneous Metal Cutting Tools
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-115

Table 24: World Historic Review for Metal Cutting Tools by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-116

Table 25: World Historic Review for Metal Cutting Tools by
Product Segment - Boring & Drilling Machines, Gear Cutting
Machines, Grinding, Honing, Lapping, Polishing & Buffing
Machines, Lathes, Milling Machines, Machining Centers, Station
Type Machines and Miscellaneous Metal Cutting Tools
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-117

Table 26: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-118

Table 27: World 20-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, Lathes, Milling
Machines, Machining Centers, Station Type Machines and
Miscellaneous Metal Cutting Tools for the Years 1991, 1997,
2007 and 2010 (includes corresponding Graph/Chart) II-119

Table 28: 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 America Independently Analyzed by Annual Sales in
US$ Million for the Years 2001 through 2010 (includes
corresponding Graph/Chart) II-120

Table 29: World Long-Term Projections for Boring & Drilling
Machines by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-121

Table 30: World Historic Review for Boring & Drilling Machines
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-122

Table 31: World 20-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 America for the Years 1991, 1997,
2007 and 2010 (includes corresponding Graph/Chart) II-123

Table 32: 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 America Independently Analyzed by Annual Sales in US$
Million for the Years 2001 through 2010 (includes
corresponding Graph/Chart) II-124

Table 33: World Long-Term Projections for Gear Cutting
Machines by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-125

Table 34: World Historic Review for Gear Cutting Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-126

Table 35: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-127

Table 36: World Recent Past, Current and Future Analysi sfor
Grinding, Honing, Lapping, Polishing & Buffing Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2001 through 2010 (includes corresponding Graph/Chart) II-128

Table 37: World Long-Term Projections for Grinding, Honing,
Lapping, Polishing & Buffing Machines by Geographic Region/
Country - US, Canada, Japan, Europe, Asia-Pacific, Middle
East/Africa and Latin America Independently Analyzed by Annual
Sales in US$ Million for the Years 2011 through 2015 (includes
corresponding Graph/Chart) II-129

Table 38: 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 America Independently Analyzed by Annual Sales in
US$ Million for the Years 1991 through 2000 (includes
corresponding Graph/Chart) II-130

Table 39: World 20-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 America for the Years 1991, 1997, 2007 and 2010
(includes corresponding Graph/Chart) II-131

Table 40: World Recent Past, Current and Future Analysis for
Lathes by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2001 through 2010 (includes corresponding Graph/Chart) II-132

Table 41: World Long-Term Projections for Lathes by Geographic
Region/Country - US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin America Independently Analyzed by
Annual Sales in US$ Million for the Years 2011 through 2015
(includes corresponding Graph/Chart) II-133

Table 42: World Historic Review for Lathes by Geographic
Region/Country - US, Canada, Japan, Europe, Asia-Pacific,
Middle East/Africa and Latin America Independently Analyzed by
Annual Sales in US$ Million for the Years 1991 through 2000
(includes corresponding Graph/Chart) II-134

Table 43: World 20-Year Perspective for Lathes by Geographic
Region/Country - Percentage Breakdown of Dollar Sales for US,
Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and
Latin America for the Years 1991, 1997, 2007 and 2010
(includes corresponding Graph/Chart) II-135

Table 44: 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
America Independently Analyzed by Annual Sales in US$ Million
for the Years 2001 through 2010 (includes corresponding
Graph/Chart) II-136

Table 45: World Long-Term Projections for Milling Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-137

Table 46: World Historic Review for Milling Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-138

Table 47: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-139

Table 48: 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
America Independently Analyzed by Annual Sales in US$ Million
for the Years 2001 through 2010 (includes corresponding
Graph/Chart) II-140

Table 49: World Long-Term Projections for Machining Centers by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-141

Table 50: World Historic Review for Machining Centers by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-142

Table 51: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-143

Table 52: 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 America Independently Analyzed by Annual Sales in US$
Million for the Years 2001 through 2010 (includes
corresponding Graph/Chart) II-144

Table 53: World Long-Term Projections for Station Type
Machines by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-145

Table 54: World Historic Review for Station Type Machines by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-146

Table 55: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-147

Table 56: World Recent Past, Current and Future Analysis for
Miscellaneous Metal Cutting Tools by Geographic Region/Country
- US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa
and Latin America Independently Analyzed by Annual Sales in
US$ Million for the Years 2001 through 2010 (includes
corresponding Graph/Chart) II-148

Table 57: World Long-Term Projections for Miscellaneous Metal
Cutting Tools by Geographic Region/Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/Africa and Latin
America Independently Analyzed by Annual Sales in US$ Million
for the Years 2011 through 2015 (includes corresponding
Graph/Chart) II-149

Table 58: World Historic Review for Miscellaneous Metal
Cutting Tools by Geographic Region/Country - US, Canada,
Japan, Europe, Asia-Pacific, Middle East/Africa and Latin
America Independently Analyzed by Annual Sales in US$ Million
for the Years 1991 through 2000 (includes corresponding
Graph/Chart) II-150

Table 59: World 20-Year Perspective for Miscellaneous Metal
Cutting Tools by Geographic Region/Country - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America for the
Years 1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) II-151

Table 60: 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
America Independently Analyzed by Annual Sales in US$ Million
for the Years 2001 through 2010 (includes corresponding
Graph/Chart) II-152

Table 61: World Long-Term Projections for Metal Forming Tools
by Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-153

Table 62: World Recent Past, Current and Future Analysis for
Metal Forming Tools by Product Segment - Punching & Shearing
Machines, Bending & Forming Machines, Metal Working Presses
and Miscellaneous Metal Forming Tools Independently Analyzed
by Annual Sales in US$ Million for the Years 2001 through 2010
(includes corresponding Graph/Chart) II-154

Table 63: World Long-Term Projections for Metal Forming Tools
by Product Segment - Punching & Shearing Machines, Bending &
Forming Machines, Metal Working Presses and Miscellaneous
Metal Forming Tools Independently Analyzed by Annual Sales in
US$ Million for the Years 2011 through 2015 (includes
corresponding Graph/Chart) II-154

Table 64: World Historic Review for Metal Forming Tools by
Geographic Region/Country - US, Canada, Japan, Europe,
Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 1991 through 2000 (includes corresponding Graph/Chart) II-155

Table 65: World Historic Review for Metal Forming Tools by
Product Segment - Punching & Shearing Machines, Bending &
Forming Machines, Metal Working Presses and Miscellaneous
Metal Forming Tools Independently Analyzed by Annual Sales in
US$ Million for the Years 1991 through 2000 (includes
corresponding Graph/Chart) II-155

Table 66: World 20-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 America for the Years 1991, 1997, 2007
and 2010 (includes corresponding Graph/Chart) II-156

Table 67: World 20-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 Miscellaneous Metal Forming Tools
for the Years 1991, 1997, 2007 and 2010 (includes
corresponding Graph/Chart) II-157

Table 68: 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 America Independently Analyzed by Annual Sales in
US$ Million for the Years 2001 through 2010 (includes
corresponding Graph/Chart) II-158

Table 69: World Long-Term Projections for Punching & Shearing
Machines by Geographic Region/Country - US, Canada, Japan,
Europe, Asia-Pacific, Middle East/Africa and Latin America
Independently Analyzed by Annual Sales in US$ Million for the
Years 2011 through 2015 (includes corresponding Graph/Chart) II-159

Ta