Global Machine Tools Market is set to hit US$ 120 Bn mark by 2026

Credence Research

The Machine Tools Market Research Report Forecast 2018-2026 is an important source of insightful data for market strategists. It presents the Machine Tools industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Machine Tools market study gives complete data which improves the understanding,

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Market Insights

The overall machine tools market is highly governed by the continually rising industrial manufacturing and processing sector worldwide. Asia Pacific estimated to remain the frontrunner in the market throughout the forecast period with strong industrial sectors across China, Japan, South Korea, Southeast Asia and India. The region contributes to more than 50% of the total market value generated worldwide, with China being the largest country-level market. The region has portrayed tremendous growth in industrial manufacturing sector since the past few decades, making it the largest consumer as well as producer of machine tools. With rapidly growing manufacturing sector in India and Southeast Asian countries, the region would retain its dominant position in the market over the forecast period.

On the basis of product type, the machine tools market is led by metal cutting segment accounting for more than 60% of the total market value. The segment comprises machine tools such as drilling & boring, lathe, milling & machining centers, grinding, lapping, honing & polishing machines and others. Based on industry verticals, automotive, consumer goods manufacturing and machine tool & parts manufacturing represent the most promising segments. Further, based on geography, the market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). The market is currently led by Asia Pacific owing to factors such as huge industrial sector and large number of machine tools manufacturers. The market here is mainly backed by China and Japan. With rapidly growing industrial manufacturing sector in India and Southeast Asia, the region would also exhibit the highest growth rate during the forecast period.


Analysis of trends in the global Machine Tools industry and interest for Machine Tools in various regions, including Asia-Pacific, Europe, and North America

Market size and value of Machine Tools used for commercial Machine Tools from 2011 to 2017 and forecast for eight years up until 2026

The qualitative study of drivers and limitations of Machine Tools market

Information on major market players such as 3M Company, Allied Machine & Engineering Corporation, Amada Machine Tools, ANCA Pty Ltd., Komatsu Ltd., JTEKT Corporation, Shenyang Group, Schuler Group, Dalian Machine Tool Group Corporation, DANOBAT Group, Delapena Group, Doosan Machine Tools Co., Ltd., FANUC Corporation, Junker Group, Kellenberger & Co. AG, Korber AG, Koyo Machinery, Okuma Corporation, Toyoda Americas, WMW Machinery and others.

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Research methodology and delivery time

Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.

The report is available as the single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available.

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