In Fact.MR’s study, a unique research is utilized to conduct extensive research on the growth of the machine tools market, and reach conclusions on future growth parameters of the market. This research is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the machine tools market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

The global machine tools market was valued at ~US$ 72 Bn at the end of 2019 and is anticipated to surpass US$ 99 Bn by the end of the forecast period 2020-2030. The Automotive Transportation segment is estimated to be the most lucrative end use capturing 36% of the overall demand pie in the global machine tools market. Furthermore, manufacturers are adopting green manufacturing to reduce the overall operating cost by using energy efficient processes that can drastically reduce energy and utility bills, thus fueling the demand for machine tools with lesser power consumption. However, the recent COVID-19 pandemic has resulted in production shortfall coupled with disruptions in supply chain in several industries such as the automotive sector. However, the global demand for machine tools market is foreseen to fare well with the sudden down shift in the global demand.

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Global Machine Tools Market - Scope of the Report

Fact.MR recently published a market study on the global market for Machine Tools. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the machine tools market structure. The market study presents exclusive information about how the Machine Tools market will grow during the forecast period of 2020-2030.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the machine tools market in the forecast period.

The study is relevant for stakeholders in the machine tools market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the machine tools market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

Product Launches to Remain a Prime Growth Lever

Key players in the machine tools market are Komatsu Limited, DMG Mori, Okuma Corporation, TRUMPF Group, Hyundai WIA Corporation and Doosan Machine Tools among others. Prominent machine tools manufacturers are launching new products and capitalizing significantly in their RD endeavors to bring constant change in their line of products as per the todays dynamic industry trends. For instance,

• In 2020, United Grinding and Ewag developed a new product, Laser Line Ultra to simplify micro cutting tool production. This newly developed product uses an 8-axis configuration and picosecond lasers to incorporate complex micro geometries in cutting tools
• In 2020, Doosan Machine Tools expanded its product portfolio with the introduction of DNM 4500L and DNM 5700L. The new DNM series products are designed for faster and precise machining of diverse workpieces.

Key Segments of the Machine Tools Market

Fact.MR’s study on the Machine Tools market offers information divided into three key segments-product type, end-use, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

• By Product Type :

  • Metal Cutting
  • Machining Centres Related
  • Laser, EDM, Related
  • Lathes
  • Other Metal Cutting
  • Metal Forming
  • Presses
  • Punching Shearing Machines
  • Bending Forming Machine
  • Other Metal Forming

• By End-Use :

  • Automotive Transportation
  • Electrical Electronics
  • Machinery
  • General Manufacturing Others

•  By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • MEA

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