The global machine tools market size is projected to reach USD 158.06 billion by 2026, exhibiting a CAGR of 4.9% during the forecast period.
As per the report, published byFortune Business Insights, titled “Machine Tools MarketSize, Share and Industry Analysis, By Technology, By Product, By Application and Regional Forecast, 2019-2026” the market stood at USD 106.60 billion in 2018. One of the key drivers propelling the growth of the market is the increasing industrial automation. The increasing advancements in robotics and surge in additive manufacturing will enable speedy growth of the market. The rapid expansion of the aerospace industry will create lucrative growth opportunities for the market. In addition, the increasing application of 3-D printing in various sectors including medical, defense and automotive will further boost the machine tools market growth.
The global machine tools market size is projected to reach USD 158.06 billion by 2026, exhibiting a CAGR of 4.9% during the forecast period.
The report concentrates on all the aspects and features of the global machine tools market. It offers proficient insights and provides authentic data about all the segments. It is put together after all-encompassing research and insightful analysis to aid key players, financers, stakeholders, potential investors, and backers. It is intended to give a brief overview to the readers. The study involves market trends, new developments, product launches, acquisitions and mergers, and collaborations.
List of the Prominent Companies Present in the Global Machine Tools Market are:
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The Report Covers the Following, Major Points Precisely:
• Top Players That Are Operating in the Global Market• Market Segmentation• Regional Analysis• Deep Insights into the Market with Detailed Table of Content and Figures• Global Market Predictions for Five Decades.
Increasing RandD Investments by Key Players to Spur Expansion Process
The increasing focus of companies towards the Industrial Revolution, also known as Industry 4.0. is expected to contribute to the growth of the machine tools market. The introduction and upgradation of products through innovations will enable healthy growth during the forecast period. In addition, the increasing RandD investments by companies will create lucrative opportunities for the market. For instance, Hyundai WIA’s has machine tool laboratories in Uiwang, Changwon, and Europe. These laboratories are used for extensive research on high speed and high precision of machine tools.
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• A detailed study of product launches of every marketing player, their market channels, tactics, and market growth.• The report helps to understand the key product segments and their future scope up to Five Decades.• The report allows readers and market players to understand market Size, Share, Trend, and Future Forecast.A• The Report Provide Deep analysis with region-specific assessments and competition analysis on a global and regional scale.
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Automotive Sector to Offer Colossal Growth Prospects
The automotive segment holds a lion’s share in the market and is expected to grow profoundly during the forecast period. The increasing use of different tools in the automotive manufacturing sector will enable the growth of the market. The increasing demand for engine locks, piston rods, wheels, and gearbox cases, which requires machine tools to manufacture is expected to propel the growth of the market. Furthermore, the growing requirement for brake lathes to manufacture disc brakes and also a high requirement for specific-product will fuel demand for machine tools in the automotive industry. In addition, the growing focus towards electric vehicles is expected to bode well for the market.
Market Segmentation Of Machine Tools Market
1. By Technology
2. By Product
3. By Application
4. Region Analysis –
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Table of Content –
1.Introduction1.1.Definition, By Segment1.2.Research Approach1.3.Sources2.Executive Summary3.Market Dynamics3.1.Drivers, Restraints and Opportunities3.2.Emerging Trends4.Key Insights4.1.Macro and Micro Economic Indicators4.2.Key Technological Developments4.3.Consolidated SWOT Analysis of Key Players5.Global Machine Tools Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Sizing Estimations and Forecasts By Technology (Value)5.2.1.Conventional5.2.2.CNC (Computerized numerical control)5.3.Market Sizing Estimations and Forecasts By Product (Value)5.3.1.Metal Cutting5.3.2.Metal Forming5.4.Market Sizing Estimations and Forecasts By Application (Value)5.4.1.Automotive5.4.2.General Machinery5.4.3.Precision engineering5.4.4.Transport Machinery5.4.5.Others5.5.Market Analysis, Insights and Forecast By Region (Value)5.5.1.North America5.5.2.Europe5.5.3.Asia Pacific5.5.4.Middle East and Africa5.5.5.Latin America6.North America Machine Tools Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Sizing Estimations and Forecasts By Technology (Value)6.2.1.Conventional6.2.2.CNC (Computerized numerical control)6.3.Market Sizing Estimations and Forecasts By Product (Value)6.3.1.Metal Cutting6.3.2.Metal Forming6.4.Market Sizing Estimations and Forecasts By Application (Value)6.4.1.Automotive6.4.2.General Machinery6.4.3.Precision engineering6.4.4.Transport Machinery6.4.5.Others6.5.Market Analysis, Insights and Forecast By Country (Value)6.5.1.United States6.5.2.Canada7.Europe Machine Tools Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Sizing Estimations and Forecasts By Technology (Value)7.2.1.Conventional7.2.2.CNC (Computerized numerical control)7.3.Market Sizing Estimations and Forecasts By Product (Value)7.3.1.Metal Cutting7.3.2.Metal Forming7.4.Market Sizing Estimations and Forecasts By Application (Value)7.4.1.Automotive7.4.2.General Machinery7.4.3.Precision engineering7.4.4.Transport Machinery7.4.5.Others7.5.Market Analysis, Insights and Forecast By Country (Value)7.5.1.Germany7.5.2.UK7.5.3.Russia7.5.4.Italy7.5.5.Rest of Europe8.Asia Pacific Machine Tools Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.2.Market Sizing Estimations and Forecasts By Technology (Value)8.2.1.Conventional8.2.2.CNC (Computerized numerical control)8.3.Market Sizing Estimations and Forecasts By Product (Value)8.3.1.Metal Cutting8.3.2.Metal Forming8.4.Market Sizing Estimations and Forecasts By Application (Value)8.4.1.Automotive8.4.2.General Machinery8.4.3.Precision engineering8.4.4.Transport Machinery8.4.5.Others8.5.Market Analysis, Insights and Forecast By Country (Value)8.5.1.China8.5.2.Japan8.5.3.India8.5.4.Southeast Asia8.5.5.Rest of Asia Pacific
TOC Continued…!!!
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