The global machine tools market is expected to grow by USD 24.32 million between 2022 and 2026, accelerating at a CAGR of 4.58% during the forecast period




Global Machine Tools Market 2022-2026 Analyst is watching the Machine Tools market and it is poised to grow by $24. 32 mins during 2022-2026, accelerating to a CAGR of 4.

New York, Nov. 17, 2022 (GLOBE NEWSWIRE) — announces the publication of the report “Global Machine Tools Market 2022-2026″ –
58% over the forecast period. Our Machine Tools Market report provides comprehensive analysis, market size and forecast, trends, growth drivers, and challenges, and vendor analysis covering approximately 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing industrial automation globally, growing demand for machine tools from ICE automobiles, and increasing demand for CNC machines.
The machine tools market analysis includes end-user segment and geographical landscape.

The machine tools market is segmented as follows:
Per end user
• Automotive
• Industrial machinery
• Precision engineering
• Transportation
• Others

By geographical landscape
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the adoption of 3D printing technology as one of the major reasons for the growth of the machine tools market over the next few years. Additionally, increasing adoption of embedded digital solutions in machine tools and rising popularity of all-electric vehicles influencing the demand for machine tools will drive significant demand in the market.

The analyst presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters. Our machine tools market report covers the following areas:
• Sizing of the machine tools market
• Machine tool market forecasts
• Machine tool market industry analysis

This robust vendor analysis is designed to help clients improve their position in the market, and in line with this, this report provides a detailed analysis of several leading vendors in the machine tools market including 600 Group Plc, Allied Machine and Engineering Corp., ALZMETALL GmbH and Co. KG, AMADA Co. Ltd., DMG MORI Co. Ltd., DN Solutions Co. Ltd., FALCON MACHINE TOOLS Co. Ltd., FANUC Bulgaria EOOD, FFG European and American Holdings GmbH, General Technology Group Dalian Machine Tool Corp., Georg Fischer Ltd., Haas Automation Inc., Hardinge Inc., Hyundai Wia Corp., JTEKT Corp., Kennametal Inc., Komatsu Ltd., Makino Inc., Okuma Corp. and Otto Bihler Maschinenfabrik GmbH and Co. KG. In addition, the Machine Tools Market analysis report includes insights into upcoming trends and challenges that will influence market growth. It’s about helping businesses strategize and take advantage of all the growth opportunities ahead.
The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to an analysis of major vendors.

The analyst presents a detailed picture of the market through study, synthesis and summation of data from multiple sources through analysis of key parameters such as profit, price, competition and specials. It presents various facets of the market by identifying the major industry influencers. The data presented is comprehensive, reliable and the result of extensive research – both primary and secondary. Technavio’s market research reports provide a comprehensive competitive landscape and in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report:

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