Global Multi-Tasking Machine Tools Market to grow at a CAGR of 2.82% during the period 2017-2021

Market Research analysts forecast the global multi-tasking machine tools market to grow at a CAGR of 2.82% during the period 2017-2021.

The following companies as the key players in the global multi-tasking machine tools market: Doosan Machine Tools, Mazak, Nakamura-Tome Precision Industry, Okuma, and Tsugami

Other Prominent Vendors in the market are: ccuway Machinery, Breton, Brother, DMG Mori, Hwacheon Machine Tools, Hyundai WIA, Takisawa Machine Tool Company, Tongtai Machine & Tool Company, Toyoda, and Trevisan Machine Tool

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Commenting on the report, an analyst from Reports team said: In the high-wage, developed economies, factors such as the reduction in process time and manufacturing cost, and high value-added manufacturing are of prime importance to survive in the global manufacturing scene. This has resulted in the development of hybrid multi-tasking machine tools. This hybrid multi-tasking machine tool was developed by adding laser metal deposition to existing milling and turning machines. This hybrid multi-tasking machine tool incorporates additive manufacturing and thus allows multiple operations to be carried out under one process. The uses of this machine are expected to include industries sectors such as aerospace and defense, automotive, healthcare, and commercial and consumer products and in the retail sector, where it can be used in the manufacture of low volume replacement parts or for modeling and prototyping.

According to the report, in ordinary metal processing machines, such as conventional lathes, the metal must be moved from one machine to another to carry out the different operations like milling, drilling, facing, turning, which are necessary for its processing; however, the new 5-axis and 6-axis CNC machines enable the manufacturer to carry out the entire operation on a single machine, with only the corresponding tool or the software control system needing to be changed or modified.

Further, the report states that high R&D and manufacturing costs are involved in the design and development of medical devices and equipment, making them unaffordable for most end-users. The installation and maintenance cost of MRI and CT scanners is very high, and these are mostly found in large healthcare institutions. Hence, some healthcare organizations prefer to use refurbished medical devices that offer the latest technology at affordable prices to their patients.

About Multi-tasking Machine Tools

Multi-tasking machine tools integrate the functions of both turning and machining. This eliminates the need for multiple machines to perform these functions. The typical structure of such machine includes 5 axes: three standard axes X, Y, and Z, the turning spindle of rotary C axis and another rotary axis B, around the Y axis.

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Covered in this report

The report covers the present scenario and the growth prospects of the global multi-tasking machine tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of multi-tasking machine tools.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Multi-tasking Machine Tools Market 2017-2021, 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
Doosan Machine Tools
Mazak
Nakamura-Tome Precision Industry
Okuma
Tsugami

Other prominent vendors
Accuway Machinery
Breton
Brother
DMG Mori
Hwacheon Machine Tools
Hyundai WIA
Takisawa Machine Tool Company
Tongtai Machine & Tool Company
Toyoda
Trevisan Machine Tool

Market driver
Ability to perform multiple operations on single machines
For a full, detailed list, view our report

Market challenge
Challenges faced by European machine tools manufacturers
For a full, detailed list, view our report

Market trend
Introduction of hybrid multi-tasking machine tools
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 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?

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