(MENAFN- GetNews) The Report Contains Current Scenario of The CNC Metal Cutting Machine Tools Industry And Encompasses Discussion Various Prime Factors Related To Markets Such As Growth, Drive, Various Patterns, Size, Share, Segmentation, Trends, Opportunities, Demand And Control.
Market Overview
The globalCNC metal cutting machine toolsmarket is valued at US$77 billion in 2019. It is expected to witness growth during the forecast period at a CAGR of 3.2%. The global market is witnessing growth due to technological advancements in the field of machine tools and surging manufacturing industry. This growth trend will continue in the future due to increasing demand from manufacturing companies as they move to improve their productivity and shift towards product innovation. Also, advances in hardware and software are propelling the market forward.
Growth in the manufacturing industry is responsible for the high demand for CNC metal cutting machine tools . However, the demand bends towards more sophisticated tools that can help companies meet their specific needs. Today, companies are looking at automated machine tools that can boost productivity, save time and do away with human errors. In addition, they want machines that are compact and have automatic tool changers and multi-axis machining technology that enables them to use a single machine for the entire machining process.
The automotive, railways, consumer durable, capital goods, and aerospace and defense sectors are responsible for driving the demand in the global CNC metal cutting machine tools market. Presently, the automotive industry is integrating state-of-the-art technologies, such as robotics, AI, and IoT and it is also trying to upgrade the technology for engines to meet the NCAP ratings and ensure government-mandated fuel efficiency. This, in turn, is spurring the market. It is anticipated that as different vehicle segments experience growth, it will further drive the demand for CNC metal cutting machine tools .
Request a Free Sample Report, Click Here @ https://www.wiseguyreports.com/sample-request/3744482-global-cnc-metal-cutting-machine-tools-market-growth-2019-2024
The key manufacturers covered in this report:
Bystronic
Okuma Corporation
Coherent
Komatsu
Nissan Tanaka
Colfax
DMG Mori Seiki
Trumpf
AMADA
Yamazaki Mazak
Schuler
Emag
Haas Automation
GF Machining Solutions
Market Segmentation
The global CNC metal cutting machine tools market is segmented by product type and application.
By product type, the market is further divided into vertical machine centers, horizontal machine tools, and CCN grinders.
By application, the market is segmented into aerospace and defense, construction, automotive, and shipbuilding.
Today, the CNC metal cutting machine tools market is also making use of 3D printing to spur growth in different market segments. It minimizes the amount of materials used to make these machine tools and hence, it works to reduce the overall cost of the tools, paving way for more companies and industries within the application market to adopt these tools.
Regional Analysis
By region, the global CNC metal cutting machine tools market is divided into the Americas (United States, Canada, Mexico and Brazil), Asia-Pacific (China, Japan, and Korea), Southeast Asia (India and Australia), Europe (Germany, France, the UK, Italy, Russia and Spain), and the Middle East and Africa (Egypt, South Africa, Israel, Turkey and the GCC countries).
Presently, Asia-Pacific is the leading CNC metal cutting machine tools market as there is a rise in the number of metal cutting industries in this region. Also, the maximum machine tool manufacturers are located in this region, with Northeast China and East China being the production hub and controlling 73.6% of the region's market.
Industry News
The global CNC metal cutting machine tools market is set to witness robust growth during the forecast period. Investment in the manufacturing sector is responsible for this rise in demand. For instance, recently Guilford County in North Carolina, US, attracted investment of US$87 million to manufacture equipment used for high-precision press brake bending. This facility requires computer numerical control metal cutting machine tools.
Table of Contents
1 Scope of the Report
2 Executive Summary
3 Global CNC Metal Cutting Machine Tools by Manufacturers
4 CNC Metal Cutting Machine Tools by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global ViCNC Metal Cutting Machine Tools Market Forecast
11 Key Players Analysis
12 Research Findings and Conclusion
……Continued
Make an enquiry of this Report @ https://www.wiseguyreports.com/enquiry/3744482-global-cnc-metal-cutting-machine-tools-market-growth-2019-2024
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: https://www.wiseguyreports.com/
MENAFN0912201900703268ID1099391922
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.