Report forecast the global machine tools market to
grow at a CAGR of 6.55% during the period 2016-2020. Machine tools are used to cut and shape metals and
other materials based on product specifications. These tools are used for
effective manufacturing of critical components with utmost ease and accuracy.
Based on the mode of operation, machine tools can be either conventional or
numerically controlled. Machine tools include products such as machining
centers, turning machines, and grinding machines. These tools are used extensively across various
industries such as automotive, aerospace, electrical and electronics, consumer
durables, die mold, healthcare, part manufacturing, and shipbuilding. Report forecast the global machine tools market to
grow at a CAGR of 6.55% during the period 2016-2020. The report covers the present scenario and the
growth prospects of the global machine tools market for 2016-2020. To calculate
the market size, the report considers the revenue generated from the sales of
metal cutting machine tools, metal forming machine tools, and accessories. The market is divided into the following
segments based on geography:
According to the report, the growth in global
fabricated metal products market positively impacts the global machine tools
market. Fabricated metals are used in ammunition, small arms, cutlery, and
utensils, stamped metal products, fasteners, springs, building products, tanks,
cranes, and hardware. These metals are manufactured using machine tools. The
rising global demand for fabricated metals from the construction and machinery
industries is fueling the global fabricated metal products market, which in turn,
drives the global machine tools market. Further, the report states that the slow growth of
the real estate and manufacturing sectors in China will have an adverse effect
on the global machine tools market. Global Machine Tools Market 2016-2020, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market. key players in the Global Machine Tools Market:
Dalian Machine Tool Group (DMTG), DMG Mori, Shenyang Machine Tool (SMTCL) and
Yamazaki Mazak. Other Prominent Vendors in the market are: Allied
Machine & Engineering, Amada, Byjc-Okuma (BeiJing) , Doosan Infracore, Fair
Friend Group, FANUC, GF Machining Solutions, Haas Automation, Hardinge, JTEKT,
Kennametal, Komatsu, Makino Milling Machine, and Sandvik. Market driver
- Increased growth of fabricated metal products
- For a full, detailed list, view our report
Market challenge
- Slowdown of Chinese economy
- For a full, detailed list, view our report
Market trend
- Integration of 3D printing technology with
machine tools
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what
will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats
faced by the key vendors?
- What are the strengths and weaknesses of the key
vendors?
Spanning over 87 pages and 60 Exhibit “Global
Machine Tools Market 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market Overview, Market
Landscape, Executive summary, Scope of the report, Market research methodology,
Introduction, Market landscape, Market segmentation by product, Market
segmentation by end user, Geographical segmentation, Market drivers, Impact of
drivers, Market challenges, Impact of drivers and challenges, Market trends,
Vendor landscape, Key vendor analysis, Appendix. For
more information Visit at: http://mrr.cm/ovE
Related Reports; Global Foundry Equipment Market 2016-2020 - Visit
at - http://mrr.cm/ova
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