The global machine tools market reached a value of US$91 Billion in 2020. Looking forward, IMARC Group expects the market to reach US$123 Billion by 2021, exhibiting at a CAGR of 4.91% during 2022-2028.
Machine tools refer to power-driven metal cutting or forming equipments used for metals or other hard materials. There is a wide variety of machine tools available in the market ranging from small workbench mounted instruments to large devices which are used in modern industries.
Key Players
Yamazaki Mazak
Trumpf
Komatsu
JTEKT
AMADA
Doosan Machine Tools
DMG MORI
Okuma
HYUNDAI WIA
By Type
Machining Centers
Turning Machines
Grinding Machines
Electrical Discharge Machines
By Application
Machinery Manufacturing
Automobile
Aerospace & Defense
Others
Scope of the Report
The research study analyses the Machine Tools Market from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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A full report is available at: https://orionmarketreports.com/machine-tools-market/109780/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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