Press release
Forecast The Global Special Purpose Machines Market To Grow At a CAGR Of 6.05% During The Period 2018-2021
Special purpose machines (SPMs) are high-productivity machines that offer huge scope for high-volume production, with low investment and low cost of production, when compared with conventional CNC machines.
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They are designed with special tooling and fixtures that help produce the same component every day. SPM is a combination of limit switches, sensors, logic controls, and automatic job clamping. SPMs help in optimum utilization of man-machine systems. Low-cost SPMs are used in the mass production of small components of two and four wheelers, tractors, trucks, and engines. Typical components are shifter cam, rear wheel flange, clutch sleeve, and shifter fork.
Technavios analysts forecast the global Special Purpose Machines market to grow at a CAGR of 6.05% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global special purpose machines market for 2017-2021. To calculate the market size, the report considers the machines which are sold by machine tool vendors.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Special Purpose Machines 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
Dalian Machine Tool Group
DMG MORI
EMAG
Batliboi
Other prominent vendors
Fives Landis
Global CNC Automation
Hann Kuen Machinery & Hardware
HMT
Invensys Engineers
Mazak
MITSUBISHI HEAVY INDUSTRIES MACHINE TOOL
Premier
Shenoy Engineering
Market driver
Policies providing impetus to the machine tools industry in India
For a full, detailed list, view our report
Market challenge
Plasma cutting machines in Windows-based CNC controls
For a full, detailed list, view our report
Market trend
3D printing
For a full, detailed list, view our report
Browse Report @ https://www.researchmoz.us/global-special-purpose-machines-market-2017-2021-report.html
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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