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CNC Machine Tool Industry 2020
Global CNC machine tools market has recovered remarkably well after steep decline owing to economic downturn. The market is now all set to register high pace of growth as global economy improves. CNC stands for Computer Numerical Control and refers to the system to control different machines and tools through automatic controls. CNC machine tools include systems which help in designing and manufacturing different machine components through automatic processes.
Global CNC machine tools market was estimated to be worth $70 billion in 2018 and is likely to touch $100.9 billion by 2025.
Market Segment by Top Manufacturer, this report covers
QIQIHAR HEAVY CNC EQUIPMENT
Mitsubishi Heavy Industries
Jinan First Machine Tool
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The market is expected to show a CAGR of 6.8 percent between 2019 and 2025. It is expected to retain its upward trajectory as CNC machine tools become important due to advantages such as precise results. These tools are also capable of providing timely delivery, making them indispensable for various industrial processes. CNC machine tools are gaining recognition in different industries as these are helpful in cost control.
Global CNC machine tools market is likely to receive major push from the increase in mass production. CNC machine tools are highly useful for aiding the processes for mass production. These tools are now being designed using advanced and sophisticated software such as CAD and CAM. Apart from looking at the various opportunities available in the market, the report also seeks to identify various challenges faced by CNC machine tools industry. The market is expected to feel the blow if there is any economic slowdown, which may in turn lead to lower production level.
Global CNC machine tools market tends to be highly fragmented and thus has some very unique features. In order to fully comprehend various characteristics of this market, it is important to divide it into various categories.
On the basis of product type, the report divides the market into different segments which are CNC Lathes, CNC Machining Center, CNC Drilling, CNC EDM and CNC Boring Machine among others.
The market on the basis of Industry can be further split into Automotive Manufacturing, Shipbuilding, Machinery Industry and Others.
Basis channels of distribution, the market has thus been bifurcated into Direct Sales and Distributor.
Global CNC machine tools market is vast and complex. Its various parts are governed by different rules and regulations, requiring them to be recognized for proper understanding of the market. Various geographic segments considered in this report are North America, South America, Europe, Asia and Others. The main countries included under North America are United States and Canada while Europe encompasses Germany, UK and Italy among others. Various emerging economies such as China and India are included under Asia. The report offers in depth information about each of these segments.
Global CNC machine tools market is currently going through recovery phase and may see renewed competition in the coming time. The market is also likely to witness increase in mergers and acquisition activities as various companies seek to establish their foothold in the market. While currently North America and Europe lead the demand for CNC machine tools, the developing countries in Asia and Africa are expected to contribute in the future.
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Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global CNC Machine Tool Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global CNC Machine Tool Market Analysis by Regions
5 North America CNC Machine Tool by Country
6 Europe CNC Machine Tool by Country
7 Asia-Pacific CNC Machine Tool by Country
8 South America CNC Machine Tool by Country
9 Middle East and Africa CNC Machine Tool by Countries
10 Global CNC Machine Tool Market Segment by Type
11 Global CNC Machine Tool Market Segment by Application
12 CNC Machine Tool Market Forecast (2019-2025)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
List of Tables and Figures
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