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About Machine Tools
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.
Technavio’s analysts forecast the global machine tools market to grow at a CAGR of 6.55% during the period 2016-2020.
Covered in this report
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:
• Americas
• APAC
• EMEA
Technavio's report, 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 vendors
• Dalian Machine Tool Group (DMTG)
• DMG Mori
• Shenyang Machine Tool (SMTCL)
• Yamazaki Mazak
Other prominent vendors
• Allied Machine & Engineering
• Amada
• Byjc-Okuma (Beijing) Machine Tools
• Doosan Infracore
• Fair Friend Group
• FANUC
• GF Machining Solutions
• Haas Automation
• Hardinge
• JTEKT
• Kennametal
• Komatsu
• Makino Milling Machine
• 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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.
Technavio’s analysts forecast the global machine tools market to grow at a CAGR of 6.55% during the period 2016-2020.
Covered in this report
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:
• Americas
• APAC
• EMEA
Technavio's report, 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 vendors
• Dalian Machine Tool Group (DMTG)
• DMG Mori
• Shenyang Machine Tool (SMTCL)
• Yamazaki Mazak
Other prominent vendors
• Allied Machine & Engineering
• Amada
• Byjc-Okuma (Beijing) Machine Tools
• Doosan Infracore
• Fair Friend Group
• FANUC
• GF Machining Solutions
• Haas Automation
• Hardinge
• JTEKT
• Kennametal
• Komatsu
• Makino Milling Machine
• 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
