Global Machine Tools Market 2024-2028
The machine tools market is forecasted to grow by USD 9.7 mn during 2023-2028, accelerating at a CAGR of 1.91% during the forecast period. The report on the machine tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising industrialization in developing countries, growing demand for machine tools from ice-based automobiles, and growing demand for cnc machines.
Technavio's machine tools market is segmented as below:
By End-user
- Automotive
- Industrial machinery
- Precision engineering
- Transportation
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the adoption of 3d printing technology as one of the prime reasons driving the machine tools market growth during the next few years. Also, growing adoption of integrated digital solutions in machine tools and rising popularity of all-electric vehicles influencing demand for machine tools will lead to sizable demand in the market.
The report on the machine tools market covers the following areas:
- Machine tools market sizing
- Machine tools market forecast
- Machine tools market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine tools market vendors that include 600 Group Plc, Allied Machine and Engineering Corp., ALZMETALL GmbH and Co. KG, AMADA Co. Ltd., DMG MORI Co. Ltd., DN Solutions Co. Ltd., FALCON MACHINE TOOLS Co. Ltd., FANUC Bulgaria EOOD, FFG European and American Holdings GmbH, General Technology Group Dalian Machine Tool Corp., Georg Fischer Ltd., Haas Automation Inc., Hardinge Inc., Hyundai Wia Corp., JTEKT Corp., Kennametal Inc., Komatsu Ltd., Makino Inc., Okuma Corp, and Otto Bihler Maschinenfabrik GmbH and Co. KG. Also, the machine tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.