World - Way-Type Unit Heads For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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The article provides a detailed analysis of the global market for way-type unit heads, forecasting an increase in consumption and production over the period from 2022 to 2030. The data includes consumption trends, production volumes, import and export statistics, and key market players in different countries. The analysis highlights the leading consuming and producing countries, as well as insights into market growth rates and price trends. Overall, the market is expected to experience slight growth in performance with a focus on rising demand for way-type unit heads worldwide.
Market Forecast
Driven by rising demand for way-type unit head worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market value to $15.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Way-Type Unit Heads For Working Metal
In 2022, consumption of way-type unit heads for working metal was finally on the rise to reach 1.1M units after two years of decline. Over the period under review, consumption, however, saw a noticeable curtailment. As a result, consumption attained the peak volume of 1.8M units. From 2014 to 2022, the growth of the global consumption failed to regain momentum.
The global way-type unit head market size stood at $13.3B in 2022, rising by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a perceptible decline. Global consumption peaked at $19.2B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (209K units), the United States (164K units) and India (91K units), with a combined 42% share of global consumption. Canada, the Netherlands, Russia, Japan, Brazil, Bangladesh, Pakistan, Indonesia, France and Ethiopia lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +26.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($8.9B) led the market, alone. The second position in the ranking was held by Russia ($939M). It was followed by Japan.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -1.2%. The remaining consuming countries recorded the following average annual rates of market growth: Russia (-4.0% per year) and Japan (-5.0% per year).
The countries with the highest levels of way-type unit head per capita consumption in 2022 were the Netherlands (3,334 units per million persons), Canada (1,971 units per million persons) and the United States (488 units per million persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +25.6%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.
Production
World Production of Way-Type Unit Heads For Working Metal
In 2022, after two years of decline, there was significant growth in production of way-type unit heads for working metal, when its volume increased by 9% to 1.1M units. In general, production, however, saw a slight reduction. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. As a result, production attained the peak volume of 1.6M units. From 2014 to 2022, global production growth failed to regain momentum.
In value terms, way-type unit head production amounted to $13.3B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced setback. Over the period under review, global production hit record highs at $19.3B in 2019; however, from 2020 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (238K units), the United States (164K units) and India (96K units), together comprising 47% of global production. The Netherlands, Japan, Russia, Bangladesh, Brazil, Indonesia, the UK, Pakistan, Ethiopia and Austria lagged somewhat behind, together comprising a further 26%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Austria (with a CAGR of +26.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Way-Type Unit Heads For Working Metal
In 2022, overseas purchases of way-type unit heads for working metal increased by 49% to 127K units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 60%. Global imports peaked at 277K units in 2015; however, from 2016 to 2022, imports remained at a lower figure.
In value terms, way-type unit head imports totaled $69M in 2022. In general, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 71%. As a result, imports reached the peak of $130M. From 2019 to 2022, the growth of global imports remained at a lower figure.
Imports By Country
Canada prevails in imports structure, amounting to 77K units, which was approx. 61% of total imports in 2022. It was distantly followed by Belgium (7.9K units), generating a 6.2% share of total imports. The following importers - Sweden (5.4K units), Russia (4.7K units), the Netherlands (3.3K units) and Pakistan (2.7K units) - together made up 13% of total imports.
Imports into Canada decreased at an average annual rate of -4.3% from 2012 to 2022. At the same time, Pakistan (+53.5%), Belgium (+18.6%) and the Netherlands (+6.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in the world, with a CAGR of +53.5% from 2012-2022. By contrast, Russia (-4.5%) and Sweden (-11.9%) illustrated a downward trend over the same period. Canada (+7.5 p.p.), Belgium (+5.6 p.p.), Pakistan (+2.1 p.p.) and the Netherlands (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Sweden saw its share reduced by -4.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the Netherlands ($16M) constitutes the largest market for imported way-type unit heads for working metal worldwide, comprising 24% of global imports. The second position in the ranking was taken by Canada ($3.5M), with a 5.1% share of global imports. It was followed by Belgium, with a 0.8% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +16.6%. In the other countries, the average annual rates were as follows: Canada (+4.8% per year) and Belgium (-20.3% per year).
Import Prices By Country
The average way-type unit head import price stood at $545 per unit in 2022, shrinking by -32.7% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43% against the previous year. Global import price peaked at $809 per unit in 2021, and then dropped notably in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,041 per unit), while Pakistan ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Way-Type Unit Heads For Working Metal
In 2022, shipments abroad of way-type unit heads for working metal decreased by -35% to 92K units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 259% against the previous year. Over the period under review, the global exports attained the maximum at 141K units in 2021, and then dropped rapidly in the following year.
In value terms, way-type unit head exports declined to $50M in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. Over the period under review, the global exports attained the maximum at $111M in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
The biggest shipments were from China (29K units), the UK (24K units) and Austria (18K units), together recording 77% of total export. It was distantly followed by India (5.2K units), making up a 5.6% share of total exports. Ethiopia (2.6K units), the Netherlands (2.3K units) and Singapore (1.6K units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +72.6%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest way-type unit head supplying countries worldwide were Austria ($3.8M), China ($2.8M) and Ethiopia ($2.7M), together comprising 19% of global exports.
Among the main exporting countries, Austria, with a CAGR of +23.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average way-type unit head export price stood at $546 per unit in 2022, with an increase of 35% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 103%. The global export price peaked at $4,308 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($1,052 per unit), while the UK ($78 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.6%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global way-type unit head market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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