Apr 28, 2017   SOURCE: BusinessWire

Machine Tools Market in US to Grow at a CAGR of 4.34% by 2021 - Key Vendors are Dalian Machine, DMG MORI, Haas Automation, JTEKT & Komatsu - Research and Markets

Research and Markets has announced the addition of the "Machine Tools Market in US 2017-2021" report to their offering.

The machine tools market in the US to grow at a CAGR of 4.34% during the period 2017-2021.

The report, Machine Tools Market in the US 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.

The latest trend gaining momentum in the market is cloud-based machine tools. The industry 4.0 revolution together with the industrial Internet of things (IIoT) has led to the demand for cloud-based computing to manage the huge amount of data in a cost-effective manner. Thus, we believe that as CNCs have become essential machine tools, they will adopt cloud-based systems into the machines.

According to the report, one of the major drivers for this market is increased demand for fabricated metal products. The fabricated metal products market has been witnessing steady growth of 3%-4% in the US since 2003. The growth is mainly attributed to the increasing demand for metals from the construction and machinery industries. Fabricated metals, including ammunition, small arms, buildings products, springs, utensils, stamped metal products, tanks, and cranes are manufactured using machine tools.

Key vendors

  • Dalian Machine
  • DMG MORI
  • Haas Automation
  • JTEKT
  • Komatsu

Other prominent vendors

  • Amada Machine Tools
  • Fives
  • Gleason
  • Hardinge
  • Mitsubishi Electric
  • Makino
  • Okuma
  • Yamazaki Mazak
  • TRUMPF

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product type

PART 07: Market segmentation by end-users

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Vendor landscape

PART 12: Key vendor analysis

PART 13: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/g5shrx/machine_tools