Jul 8, 2021   SOURCE: BusinessWire

Global Machine Tools Markets Report 2021-2026: Metal Cutting, Metal Forming, Accessories, Conventional, CNC - ResearchAndMarkets.com

The "Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global machine tools market is expected to exhibit moderate growth during 2021-2026. Looking forward, the global machine tools market to grow at a CAGR of around 4% during the forecast period (2021-2026).

Over the years, the mode of operation of these tools has evolved from numerical control (NC) to computer numerical control (CNC) and direct numerical control (DNC). Manufacturers are also designing advanced machine tools to attain higher productivity.

Machine tools are used in a number of industries such as automotive, aerospace, electronics, precision engineering, etc. Continuous expansion in these industries along with the exploration of new oil and gas fields are the primary drivers for market growth. Moreover, the incorporation of 3D printing technology has aided in minimizing the amount of materials used for producing these tools in recent years.

For instance, Yamazaki Mazak, a Japanese machine tool manufacturer, utilizes 3D printing in the production of its CNC machines. Apart from this, several companies are introducing automation into their manufacturing processes to increase their productivity and meet quality standards.

This has led to an increase in their profit margins and positively impacted the regulation of resources. Besides this, vendors are also using modern design and simulation engineering softwares to ensure the sturdiness, accuracy and reliability of the machines.

Key Questions Answered in This Report:

  • How has the global machine tools market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global machine tools industry?
  • What has been the impact of COVID-19 on the global machine tools industry?
  • What is the breakup of the market based on the tool type?
  • What is the breakup of the market based on the technology type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the global machine tools industry?
  • What are the key driving factors and challenges in the global machine tools industry?
  • What is the structure of the global machine tools industry and who are the key players?
  • What is the degree of competition in the global machine tools industry?

Competitive Landscape:

The report has also analysed the competitive landscape of the global machine tools market with some of the key players being

  • Allied Machine & Engineering
  • AMADA Holdings
  • Dalian Machine Tool Group
  • DMG MORI
  • FALCON Machine Tools
  • 600 Group
  • Yamazaki Mazak
  • Trumpf
  • Komatsu
  • JTEKT
  • Doosan Machine Tools
  • Okuma
  • HYUNDAI WIA
  • Makino
  • Schuler

Report Coverage:

  • Historical, Current and Future Market Trends

Market Breakup by Tool Type:

  • Metal Cutting
  • Metal Forming
  • Accessories

Market Breakup by Technology Type:

  • Conventional
  • CNC (Computerized Numerical Control)

Market Breakup by End Use Industry:

  • Automotive
  • Aerospace and Defense
  • Electrical and Electronics
  • Consumer Goods
  • Precision Engineering
  • Others

Market Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

For more information about this report visit https://www.researchandmarkets.com/r/m9dkep