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Powering Precision Manufacturing: Examining the Global Machine Tools Market
The report also highlights the rising trend of Industry 4.0, which is driving the demand for advanced and automated machine tools. Additionally, the increasing adoption of CNC (Computer Numerical Control) machines is also contributing to the growth of the market.
Geographically, Asia-Pacific is expected to be the dominant region in the machine tools market, due to the presence of a large number of manufacturing industries in countries such as China and India. However, North America and Europe are also expected to witness significant growth during the forecast period, due to the increasing adoption of advanced machine tools in various industries.
Some of the key players operating in the global machine tools market, as per the report, include DMG Mori Co., Ltd., Makino Milling Machine Co., Ltd., Okuma Corporation, and Amada Co., Ltd
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Key Segments of the Machine Tools Market
Product Type
Metal Cutting
Machining Centres & Related
Laser, EDM, & Related
Lathes
Other Metal Cutting
Metal Forming
Presses
Punching & Shearing Machines
Bending & Forming Machine
Other Metal Forming
End-Use
Automotive & Transportation
Electrical & Electronics
Machinery
General Manufacturing & Others
Region
North America
Latin America
Europe
East Asia
South Asia
MEA
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New Product Launches: Key Growth Influencers in Machine Tools Market
With a huge number of local and regional players, the machine tool market is extremely fragmented globally. As a crucial strategy to expand their market presence and better meet consumer wants, industry players are concentrating on developing new goods in accordance with the dynamic needs of the industry. For example,
Doosan Machine Tools introduced the MP 6500 series in 2020, which features a high precision vertical machining center for manufacturing molds. To promote user comfort and quality, this machine has improved stability and spindle rigidity.
Doosan Machine Tools unveiled a brand-new, enormous horizontal turning center in 2020. The recently created device offers suited for big workpieces machining features spanning from 2-Axis up to Y-axis machining.
In 2019, Makino Milling Machine Co., Ltd. unveiled the U 6 H.E.A.T. Extreme, a new Wire EDM machine. Without increasing production costs, the new wire coated method enhances rough machining rates by up to 300%.
DMG MORI CO., LTD
Amada Holdings Co., Ltd
AIDA ENGINEERING, LTD.
Schuler Group
JTEKT Corporation
Okuma Corporation
Makino Milling Machine Co., Ltd
Hyundai Wia Corporation
Komatsu Limited
TRUMPF Group
GROB-WERKE GmBH & Co. KG
Doosan Machine Tools
Gleason Corporation
Yamazaki Mazak Corporation
Chiron-Werke GmBH & Co. KG
Haas Automation, Inc
United Grinding Group
Dalian Machine Tool Group
Shenyang Machine Tool Co., Ltd
Key Takeaways of the Machine tools Market
Global machine tools market is expected to create an absolute $ opportunity of more than US$ 26 Bn and is anticipated to expand 1.4X from 2020 through 2030
Metal cutting machine tools are projected to surpass market valuation of US$ 94 Bn by the end of 2030
Electrical & Electronics end use segment is anticipated to grow, gaining 171 BPS over the course of forecast duration
South Asia is projected to grow 1.2X faster than East Asia. However, East Asia is estimated to account for major chunk of demand pie by the end of the forecast period
Automotive and transportation segment is projected to create an absolute $ opportunity of ~US$ 7.5 Bn between 2020 and 2030
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Key Question answered in the survey of Machine Tools market report:
Sales and Demand of Machine Tools
Growth of Machine Tools Market
Market Analysis of Machine Tools
Market Insights of Machine Tools
Key Drivers Impacting the Machine Tools market
Which are the Key drivers impacted by Machine Tools market
Restraints Shaping Market Growth
Market Survey of Machine Tools
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