Machine Tools Market Analysis By Product Type (Metal Cutting, Metal Forming), By End Use (Automotive & Transportation, Electrical & Electronics, Machinery, Green Manufacturing & Others) - Global Market Insights 2022 to 2032.
The market for machine tools worldwide had a value of US$ 66.15 billion in 2022, and it is anticipated that it will reach US$ 107.75 billion by 2032, growing at a CAGR of 5%.
The development of the manufacturing sector as well as technological advancements in machine tools like robotic and multi-axis arms are both responsible for the market's expansion. 3% CAGR was recorded in the machine tool market for the historical period of 2017–2021. The market for machine tools experienced a 3% CAGR from 2017 to 2021. The market for machine tools is anticipated to grow at a positive CAGR of 5% and reach a market value of US$ 107.75 billion in the forthcoming assessment year.
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The readability score of the Machine Tools Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Machine Tools market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Machine Tools along with key stakeholders as well as emerging players associated with the manufacturing of product.
Competitive Landscape:
The global market for machine tools is highly fragmented with the presence of a large number of local and regional players. The industry players are focusing on launching new products as per the dynamic industry needs as a key strategy to strengthen their market footprint and better serve the needs of consumers. For instance,
Key players in the machine tools market are DMG MORI CO., LTD, Amada Holdings Co., Ltd, AIDA ENGINEERING, LTD., Schuler Group, JTEKT Corporation, Okuma Corporation, Makino Milling Machine Co., Ltd, Hyundai Wia Corporation, Komatsu Limited, TRUMPF Group, GROB-WERKE GmBH & Co. KG, Doosan Machine Tools, Gleason Corporation, Yamazaki Mazak Corporation, Chiron-Werke GmBH & Co. KG, Haas Automation, Inc, United Grinding Group, Dalian Machine Tool Group and Shenyang Machine Tool Co., Ltd
o Metal Cutting
o Metal Forming
o Automotive & Transportation
o Electrical & Electronics
o Machinery
o General Manufacturing & Other End Uses
o North America
o Latin America
o Europe
o East Asia
o South Asia
o Middle East & Africa
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Questionnaire answered in the Market outlook Report of Machine Tools include:
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Jun 14, 2023