Press release
Machine Tools Global Market 2023 : Analysis By Top Key Players, Trends, Industry Size And Regional Outlook 2032 | Georg Fischer, JTKET Corporation, Komatsu NTC Ltd., Hyundai WIA, Chiron Group SE
Machine Tools Market Research
As per the machine tools market report by The Business Research Company, The growing manufacturing industry is expected to propel the growth of the machine tools market going forward. Machine tools refer to power devices that are used to process workpieces and act as important equipment in the manufacturing process of mechanical parts. These machines are used for forming, cutting, and joining tools.
The global machine tools market size grew from $87.72 billion in 2022 to $93.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The machine tools market size is expected to grow to $112.58 billion in 2027 at a CAGR of 4.8%.
Read More On The Machine Tools Market Report Here:
https://www.thebusinessresearchcompany.com/report/machine-tools-global-market-report
Major competitors in the Machine Tools market include Doosan Machine Tools Co. Ltd., Makino, Georg Fischer, JTKET Corporation, Komatsu NTC Ltd., OKUMA Corporation, Hyundai WIA, Chiron Group SE, Haas Automation Inc., Yamazaki Mazak Corporation, Amada Private Limited, MAG IAS GmbH, GROB-WERKE GmbH and Co. KG, Ace Micromatic Group, Spinner Machine Tools, Dalian Machine Tools Group Corporation, and Electronica Hitech Engineering Pvt. Ltd.
The Machine Tools market is segmented -
By Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines, Other Product Types
By Automation Type: CNC Machine Tools, Conventional Machine Tools
By Sales Channel: Direct, Indirect
By Industry: Automotive, Aerospace and Defense, Construction Equipment, Power and Energy, Industrial, Other Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Machine Tools market.
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Machine tools, also referred to as stationary power-driven equipment, are used to shape or create pieces made of metal or other materials. These are used for cutting, boring, grinding, shearing, and also used for deformations.
The Table Of Content For The Machine Tools Market Include:
1. Executive Summary
2. Machine Tools Market Characteristics
3. Machine Tools Market Trends And Strategies
4. Machine Tools Market - Macro Economic Scenario
5. Machine Tools Market Size And Growth
……
26. Africa Machine Tools Market
27. Machine Tools Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Machine Tools Market
29. Machine Tools Market Future Outlook and Potential Analysis
30. Appendix
The "Global Machine Tools Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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