Multi-Tasking Machine Tools Market Flourishes Relentlessly; Asserts MRFR Unleashing Industry Forecast Up To 2023

Global Multi -Tasking Machine Tools Market Information Report by Product Type (Milling, Drilling, Turning, and Others), by Application (Automotive, General Machinery, Aerospace, and others) and By Region - Forecast To 2023

Market Research Future published a research report on “Multi -Tasking Machine Tools Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

On the basis of region, Global Multi -Tasking Machine Tools Market is segmented in to North America, Europe, Asia-Pacific and Rest of the World (RoW). North America dominates the Global Multi -Tasking Machine Tools Market. Growing use of multi-tasking machines in the aerospace industry and high labor cost are the factors drive the growth of the market in North America region. The Asia-Pacific region is expected to be the fastest growing region for the Multi-tasking machine tools. Continuously growing automotive, and manufacturing sector in countries like China and India driving the growth of the market in APAC region.

Recently, Doosan Machine Tools Co. introduces 3rd generation Mill-Turn Multi-tasking Machine, the Puma SMX 3100S. It integrates the capabilities of a vertical machining center and horizontal turning center into one platform.
Hence, Global Multi -Tasking Machine Tools Market is expected to grow at a CAGR of 2.9% during the forecast period.

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Industry/ Innovation/ Related News:

Dec 2017- Doosan Machine Tools introduced 22 high-performance machine tools, including 12 new products such as the DVF 5000, PUMA SMX3100ST and NHP 4000/5000 along with automation solutions.

Sep 2017 - Okuma showcased super multitasking machines and Smart Factory Solutions at EMO 2017. Okuma presented smart machines as well as the LASER EX series of super multitasking machines capable of turning, milling, laser hardening and additive manufacturing.

Aug 2017- Doosan Machine Tools America announced the DHF 8000, an 800mm twin pallet 5 axis horizontal machining center with a nodding head. This HMC was designed for the processing of large, complex parts such as those used in the aerospace, oil field and automotive industries.

Mar 2017- Yamazaki Mazak Corporation and Murata Machinery, Ltd. collaborated for development of the Smart Manufacturing System. This is an advanced manufacturing system designed to meet requirements of manufacturers and to provide unsurpassed efficiency by performing unmanned machining. It incorporates the internal factory material handling technology of Murata Machinery Ltd. with the advanced horizontal machining centers and multi-tasking machine tools of Yamazaki Mazak Corporation.

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Multi-Tasking Machine Tools Market– Competitive Analysis

The global multi-tasking machine tools market is fragmented with the presence of numerous vendors. Rapid technological advancements and the frequent changes in market and rapidly changing consumer preferences, constitute significant risk for the vendors operating in the market. Therefore, in order to succeed and survive in the competitive environment, it is important for vendors in the multi-tasking machine tools industry to distinguish their product offerings and services through unique value proposition. The development of advanced technologies such as additive manufacturing is projected to help in the growth of the market over the forecast period.

Global Multi -Tasking Machine Tools Market has been segmented based on product type, application and region. On the basis of product type, the market is segmented into milling, drilling, turning, and others. The milling tool dominates the product type segment of the market. Milling cutters and gear cutters find a wide variety of use in the automotive and aerospace industries. Drilling, and Turning segment is expected to contribute significantly during the forecast period. On the basis of application, the market is segmented into Automotive, General Machinery, Aerospace, and others. Automotive sector dominates the application segment of the market. Growing automotive sector across the globe particularly in China and India driving the growth of the market. Aerospace sector is the fastest growing application due to growing use of multi-tasking machines in the aerospace industry is the cutting of various materials and alloys which are difficult to cut.

The Multi-tasking machine has the ability to perform various operations without manual intervention. It assembled with multi-tasking machine tools that complete all operations required to completely manufacture the part in single machine setup. It include milling, drilling, turning, and others operations.

Key Players
The prominent players in the Multi -Tasking Machine Tools Market include Doosan Machine Tools Co. Ltd. (U.S.), Yamazaki Mazak Corporation (Japan), Nakamura-Tome Precision Industry Co., Ltd. (japan), Jyoti CNC Automation Ltd. (India), Takisawa machine tool co., ltd. (Japan), Tongtai Machine & Tool Co., Ltd. (Taiwan), Trevisan Machine Tool. (U.S.), DMG Mori Co., Ltd. (Japan), Accuway Machinery Co., Ltd. (Taiwan) and Okuma India Pvt. Ltd. (India).

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