In eighth place is Doosan Machine Tools, a member of the Doosan Group, a Korean conglomerate. In fifth to seventh place are Okuma, Makino, and JTEKT, all of which are well-established Japanese machine tool manufacturers. There is a possibility that competition with German and Japanese companies will intensify through aggressive investment in the future. The company is now backed by a financially strong sponsor. In fourth place is China’s General Technology Group, a sponsor of machine tool giants Dalian Machine Tool, which went bankrupt in 2017, and Shenyang Machine Tool, which went bankrupt in 2019. 1 spot, and Amada, the largest press equipment manufacturer, in third place, with Japanese companies occupying the first and third spots. The top spot goes to DMG Mori Seiki, the result of the merger of Germany’s DMG and Mori Seiki, with Germany’s Trumpf in second place, taking over the longtime world No. Global market share of machine tool manufacturers (2020) Using the FY2020 sales of machine tool manufacturers as the numerator and the market size of the machine tool industry as the denominator, a simple calculation of the market share of the machine tool industry in 2020 shows that Germany’s TRUMPF will be in first place with 5.45%, Japan’s DMG Mori Seiki in second with 4.01%, and China’s General Technology Group in third with 3.81%. Global market share of machine tool manufacturers
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