The Business Research Company’s report goes into great detail on the machine tools market size and growth, machine tools market regional analysis, machine tools market competitive landscape, and other critical information needed to excel in the machine tools industry.

Major players 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.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global machine tools market size is expected to grow from $80.51 billion in 2021 to $87.30 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The global machine tool market size is expected to grow to $105.96 billion in 2026 at a CAGR of 5%.

Asia-Pacific was the largest region in the machine tools market in 2021.

The machine tools market consists of sales of machine tools by entities (organizations, sole traders, and partnerships) that are used for cutting, boring, grinding, shearing, and also used for deformations. It also contains some types of tools that are used for cutting and shaping. Machine tools are referred to as stationary power-driven equipment used to shape or create pieces made of metal or other materials. Machine tools include lathes, shapers and planers, drilling machines, milling machines, grinders, and power saws that produce parts by removing metal chips from a workpiece.

The growing manufacturing industry is expected to propel the growth of the machine tools market going forward.

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New product innovations have emerged as the new key trend gaining popularity in the machine tools market. Major companies operating in the machine tools market focused on new product innovations to sustain their position in the market.

TBRC’s global machine tools market report is segmented:
By Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines, Others

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, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Machine Tools Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the machine tools market globally and regionally, analyzes and forecasts market size, share, machine tools market players, machine tools market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Industrial Machinery Global Market Report 2022

Machinery Global Market Report 2022

Cutting Tool And Machine Tool Accessory Global Market Report 2022

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