Market Research Report
Global Machine Tools Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||235944|
|Published||Content info||87 Pages
Machine tools are used to cut and shape metals and other materials based on product specifications. These tools are used for effective manufacturing of critical components with utmost ease and accuracy. Based on the mode of operation, machine tools can be either conventional or numerically controlled. Machine tools include products such as machining centers, turning machines, and grinding machines.
These tools are used extensively across various industries such as automotive, aerospace, electrical and electronics, consumer durables, die mold, healthcare, part manufacturing, and shipbuilding.
Technavio's analysts forecast the global machine tools market to grow at a CAGR of 6.55% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global machine tools market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of metal cutting machine tools, metal forming machine tools, and accessories.
The market is divided into the following segments based on geography:
Technavio's report, Global Machine Tools Market 2016-2020, 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.
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