Global Machine Tools Market 2018-2022


NEW YORK, June 13, 2018 /PRNewswire/ — About machine tools

Machine tool is used to shape metals or other rigid materials by grinding, boring, shearing, cutting, or by deforming. These tools can be conventional or numerically controlled, based on the mode of operation.

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Technavio's analysts forecast the Global Machine Tools Market to grow at a CAGR of 7.1% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the machine tools market. To calculate the market size, the report considers the revenue generated from the sales of product such as machining centers, turning machines, and grinding machines, to end-users such as automotive, industrial machinery, precision engineering, transportation, and others.

The market is divided into the following segments based on geography:
• Americas

Technavio's report, Global Machine Tools Market 2018-2022, 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.

Key vendors
• 600 Group
• Allied Machine & Engineering
• Dalian Machine Tool Group

Market driver
• Large-scale industrial automation
• For a full, detailed list, view our report

Market challenge
• Challenges faced by European machine tools market
• For a full, detailed list, view our report

Market trend
• Government initiatives providing impetus to machine tools industry
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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