Machine Tools Market 2022: Global Industry Stats, Size (US$123 Billion by 2027), Share, Growth (CAGR 4.91%), Report

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Global machine tool market

The global Machine Tools market reached a value of US$91 Billion in 2021 and is projected to reach US$123 Billion by 2027, at a CAGR of 4.91% during 2022-2027.

SHERIDAN, WYOMING, USA, Nov. 11, 2022 /EINPresswire.com/ — Machine Tool Market Overview:

IMARC Group’s latest report, titled “Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027″, offers a comprehensive analysis of the industry, which includes information on the global machine tool market. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.

The global machine tools market reached a value of US$91 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$123 billion by 2027, with a CAGR by 4.91% in 2022-2027. Machine tools represent stationary and motorized equipment used to cut metals or other hard materials into identical shapes and sizes. They generally range from small bench-mounted instruments to large devices that perform various operations, such as forming, grinding, drilling, abrading, nibbling, etc. Machine tools help minimize the amount of human interaction and improve product consistency. Hence, they find wide applications in multiple industries including automotive, precision engineering, aerospace, defense, etc.

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

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Global Machine Tools Market Trends:

Increasing use of modern designs and simulation engineering software to ensure product accuracy, robustness, reliability, etc. is mainly driving the machine tool market. Additionally, the growing need for precision manufacturing to improve productivity and meet quality standards is further catalyzing the growth of the market. Furthermore, the increasing adoption of machine tools with linear drives, due to their many associated benefits, such as minimal vibrations, reduced waste generation, faster and automatically repeatable cutting operations, etc., compared to their nonlinear counterparts, acts as another important growth factor.

Moreover, various foreign companies set up their production facilities in developing countries, due to the easy availability of cheap labor, low raw material costs, minimized tax rates, etc. , which is also increasing the global market. Apart from this, the emerging trend of industrial automation is expected to drive the machine tool market during the forecast period.

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

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of key 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.
• API group 600
• Yamazaki Mazak Corporation
• TRUMPF GmbH + Co. KG
• JTEKT Corporation
• Doosan Machine Tools Co., Ltd.
• Okuma Corporation
• Hyundai Wia Corporation
• Makino Inc.
• Schuler AG

Key Market Segmentation:

Breakdown by type of tool:

• Metal cutting
• Metal forming
• Accessories

Breakdown by type of technology:

• Conventional
• CNC (computerized numerical control)

Breakdown by end-use industry:

• Automotive
• Aeronautics and Defense
• Electricity and Electronics
• Consumer goods
• Precision engineering
• Others

Breakdown by region:

• North America (United States, 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
• Summary
• 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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About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Elena Anderson
IMARC Services Private Limited
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