In a recent research report by Maximize Market Research, the Global Machine Tool Market is expected to surpass US $96.19Bn by the year 2027, from US $77.16 Bn in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 12.2%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of machine tool market in the region, the Value – Chain analysis, and the PORTER’s analysis for the Global Machine Tool Market at a global level.
The study is consolidated on the basis of segments and further into sub-segments, by Type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines.) by Technology (Computer Numerical Control (CNC), Conventional) by sale channel (Direct sale, Indirect sale) by End use(Automotive, Aerospace and Defence, Construction equipment, Power and Energy, Industrial).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players AMADA Co., Ltd., CHIRON Group SE, DMG MORI, Doosan Corporation, Georg Fischer Ltd., HYUNDAI WIA CORP., JTEKT, Komatsu Ltd, Chiron Group S, Makino, kuma Corporation, GF Machining Solution.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Machine Tool Market.”
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