TechNavio's analysts forecast the Global Machine Tool market to grow at a CAGR of 4 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need for precision machined products. The Global Machine Tool market has also been witnessing increased competition forcing reduction in product cost. However, higher costs of machine tools decrease the adoption rate which could pose a challenge to the growth of this market.
TechNavio's report, the Global Machine Tool Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Machine Tool market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Gildemeister AG, Dalian Machine Tool Group Corp., Shenyang Machine Tools Co Ltd., and Mag Machine & Tool LLC.
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