Machine tool market to reach US$123 billion by 2027

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According to the latest report of the IMARC group, entitled “Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on the global machine tools market. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.

The global machine tool market reached a value of 91 billion US dollars in 2021. Looking ahead, IMARC Group expects the market to reach US$123 billion by 2027, exhibiting at a CAGR of 4.91% during the period 2022-2027. Machine tools are stationary, motorized equipment used to cut or form metals or other hard materials. They generally range from small bench-mounted instruments to large devices that perform many operations including cutting, forming, grinding, drilling, abrading, nibbling, etc. in modern industries. Machine tools also help reduce the amount of human interaction needed at different stages of industrial processes and improve product consistency. Currently, the mode of operation has progressed from numerical control (NC) to computer numerical control (CNC) and direct numerical control (DNC).

We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Report metric
Historical year 2016-2021
Year of reference 2021
forecast year 2022-2027

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Important Attribute and Report Highlights:

  • Detailed Global Market Share Analysis
  • Market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Latest industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings

Global Machine Tools Market Trends:

Growing demand for products in several end-use sectors including precision engineering, automotive, aerospace, electronics, etc. is mainly driving the machine tool market. Additionally, various organizations are automating their manufacturing processes to improve productivity and meet quality standards, thereby enhancing the growth of the market. Also, the increasing use of simulation engineering software and modern designs to ensure accuracy, robustness, reliability, etc. machinery acts as another important growth factor. Additionally, the growing consumer inclination towards machine tools with linear drives that are significantly faster and more accurate than their non-linear counterparts is also increasing the global market. Apart from this, the introduction of many advanced devices and processes, such as lasers, ultrasonic, high pressure water jets, plasma streams, etc., to improve the speed and accuracy of the process. Machining is expected to fuel the machine tool market over the years. the planned period.

Explore the full report with table of contents and list of figures: https://bit.ly/3w6tW0T

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Some of these key players include:

  • Allied Machinery and Engineering Company
  • AMADA Holdings Co.Ltd.
  • Dalian Machine Tool Group Corporation
  • DMG Mori Co. Ltd.
  • FALCON Machine Tools Co.Ltd.
  • Group 600 API
  • Yamazaki Mazak Corporation
  • TRUMPF GmbH + Co. KG
  • JTEKT Corporation
  • Doosan Machine Tools Co.,Ltd.
  • Okuma Corporation
  • Hyundai Wia Corporation
  • Makino inc.
  • Schuler SA

Breakdown by type of tool:

  • metal cutting
  • Metal forming
  • Accessories

Breakdown by type of technology:

  • Conventional
  • CNC (Computer Numerical Control)

Breakdown by end-use industry:

  • Automotive
  • Aeronautics and Defense
  • Electrical and Electronic
  • Consumer goods
  • precision engineering
  • Others

Breakdown by region:

  • North America (USA, Canada)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Impact of COVID-19 on the market
  • Porter’s Five Forces Analysis
  • Historical, current and future market trends
  • Market drivers and success factors
  • SWOT analysis
  • Market structure
  • Value chain analysis
  • Complete mapping of the competitive landscape

Table of contents of the report:

  • Preface
  • Scope and methodology
  • Abstract
  • introduction
  • Global market
  • SWOT analysis
  • Value chain analysis
  • Price analysis
  • Competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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