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The machine tools industry is witnessing significant technological advancements such as the development of the robotic arm and multi-axis. High demand from primary industry users like automotive, aerospace, and railways is also likely to create a favorable landscape for the manufacturers of machine tools in the coming years. The Asia Pacific is expected to be dominant in terms of market size due to population growth and urbanization.
The machine tools market is anticipated to grow in the forecast period owing to driving factors such as high growth of the manufacturing industries and other industries which use machine tools for end products. An increase in vehicle production and fabricated metals is further likely to propel market growth. However, improved metal cutting and forming machining techniques by key players would create symbolic opportunities for the machine tools market in the coming years.
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Top Dominating Key Players:
1. AMADA HOLDINGS CO.,LTD.
2. DMG Mori Co Ltd
3. Doosan Corporation
4. GF Machining Solutions Management SA
5. Hyundai WIA
6. JTEKT Corporation
7. Komatsu NTC Ltd.
8. Makino Inc.
9. Okuma America Corporation
The global machine tools market is segmented on the basis of product type, industry, and sales channel. Based on product type, the market is segmented as milling machines, grinding machines, drilling machines, turning machines, and electrical discharge machines. On the basis of the industry, the market is segmented as sheet metals, capital goods, automotive and transportation, and energy. The market on the basis of the sales channel is classified as direct sales, dealers and distributors, events and exhibitions.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global machine tools market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The machine tools market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting machine tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the machine tools market in these regions.
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Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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