Press release
CNC Metal Cutting Machine Market Worth $113,501.0 Million by 2026 | Key Segments, Benefits & Opportunity
CNC Metal Cutting Machine Market
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The expansion of manufacturing sectors and rapid industrialization in developing countries such as China and India drive the CNC metal cutting machine market growth. In addition, the laser metal cutting machines is gaining immense importance owing to its advance technology as they provide a high degree of precision compared to conventional metal cutting machine. Such factors are expected to have a positive impact on the CNC metal cutting machine market growth. However, the constant fluctuations in foreign currency exchange continues to hinder the profit margin for players in CNC metal cutting machine market.
Furthermore, increase in trend of adoption of CNC metal cutting machine has been witnessed in the automotive industry, owing to its advantage over conventional machines in terms of working efficiency and speed. The strong growth of automobile industry, supportive government regulations, and increase in R&D expenditure among the key players in CNC metal cutting machine market are some of the major factors that offers lucrative growth opportunities for the market players during the forecast period.
Key Players
The key players profiled in the report include Amada Holdings Co., Ltd., Coherent, Inc., DMG MORI CO., Ltd., Hurco Companies, Inc., Komatsu Ltd., Lincoln Electric Holdings, Inc., Maschinenfabrik Berthold Hermle AG, Okuma Corporation, TRUMPF GmbH + Co. KG, and Yamazaki Mazak Corporation.
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Key Market Segments
By Type
Machining Centers
Lathe Machines
Gear Cutting Machines
Laser Cutting Machines
Others
By End-User
Automobile
Aerospace & defense
Electronics
Power & Energy
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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