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2020-09-01
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Global
Global machine tools industry which encompasses metal cutting CNC machines, metal cutting conventional machines, metal forming CNC machines & metal forming conventional machines, are projected to expand at impressive compounded annual growth rate (CAGR) of 9.62% during the forecast period 2017-2030. Across the world, China & India are witnessed to have highest growth prospects. Whereas among the developed regions of the world, Europe & Japan are expected to continue to show increasing trends but at considerably slower growth rate than the global average, and the US is anticipated to grow at modest pace.
By Machine Tool Type
By Machine Application Type
By End Use Industry
By Geography
The global machine tools industry dimensions are being impacted by three major trends including the additive manufacturing (AM), process automation and electric vehicles (EV). Globally the process automation is largely being adopted to achieve better precision in a less time period. Global investments in process automation are estimated at USD 115.3 billion in 2017.
Further, the additive manufacturing which describes the technologies used to build 3D objects has brought dynamic changes across multiple industries including automobile, healthcare, defense & aerospace among others. The global automotive market player Ford Motor Company has plans to use 3D printing technology to make spoilers and larger tools & fixtures, such that their features of light weight & cost effective, are much required in future automobiles.
Continuing with the trends reshaping the machine tools industry, the electric vehicles are demanding for the specialized machine tools. The EVs are increasingly penetrating the global markets and their technologies are continuously being developed. But this has also increased the complexity. Thus to integrate the advance technologies & adopt smart solutions, use of specialized machine tools is one of the innovative solution.
Analyzing the segments of machine tools industry, CNC machines acquire largest market share of 68.32% in 2017. Moreover, the metal cutting CNC machines have highest demand & consumption as compared to others. Based on application type, metal cutting machines leads the market with nearly 58.0% market share in 2017.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Machine Tools Industry " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
The global machine tools industry report comprises of detailed competitive outlook. It includes the major manufacturers of machine tools, their business strategy, financial analysis, SWOT analysis, business segmentation based on distribution channel, geographical presence & supply to end use industry. The competitive outlook also includes the market share of each player.
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