It refers to a type of tool that removes the rough surface of a workpiece by using a rotating abrasive wheel. The grinding machinery market consists of the sales of grinding machinery products by entities (organizations, sole traders, and partnerships) that are used for grinding work pieces and delivering highly accurate products.
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Industry 4.0 and its Impact on Machine Tools IndustryĮXHIBIT 4: World Industry 4.Request FREE SAMPLE COPY of this research study: Outlook: Long-Term Growth Prospects Remain OptimisticĮXHIBIT 3: Global Machine Tools Market (2022E): Percentage Machine Tools: Market Fortunes Closely Linked to Manufacturing Product Pricing Continues to be Key Business StrategyĮXHIBIT 2: Machine Tools - Global Key Competitors PercentageĬompetitive Market Presence - Strong/Active/Niche/Trivial for Service & Support Emerge as Prime Focus Areas Vendors Emphasize Product Innovations & Enhancements to Projections (Real GDP, Annual % Change) for 2020 through 2023 Shaped by New Variants Comes Into Play: World Economic Growth With IMF?s Upward Revision of Global GDP Forecasts, MostĬompanies are Bullish about an Economic Comeback Despite aĮXHIBIT 1: A Strong Yet Exceedingly Patchy & Uncertain Recovery
Progress on Vaccinations: Why Should Businesses Care? Amidst thisĬhaotic Battle, Where is the World Economy Headed? The Race Between the Virus & Vaccines Intensifies. Trumpf Group Walter AG Yamazaki Mazak Corporation Shape Technologies Group Sodick SPINNER Werkzeugmaschinenfabrik GmbH TAJMAC-ZPS, a.s. KG Sandvik AB (Sweden) Sandvik Coromant (Sweden) Schuler Group GmbH Shanghai Machine Tool Works Ltd. Mitsubishi Electric Corporation Okuma Corporation Otto Bihler Maschinenfabrik GmbH & Co. FANUC Corporation FANUC America Corporation GF Machining Solutions Management SA Gleason Corporation GROB-WERKE GmbH & Co. Chiron Group SE Dalian Machine Tool Group Corporation DMG Mori Co., Ltd. Latin America will expand at a 6.1% CAGR through the analysis period.Īce Micromatic Group Allied Machine & Engineering Corporation Amada Co, Ltd. China will remain among the fastest growing in this cluster of regional markets. These regional markets accounting for a combined market size of US$7.1 Billion in the year 2020 will reach a projected size of US$11 Billion by the close of the analysis period.
In the global Bending & Forming Machines segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.3 Billion by the year 2027.īending & Forming Machines Segment to Record 6.6% CAGR
Within Europe, Germany is forecast to grow at approximately 5% CAGR. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.4% respectively over the 2020-2027 period. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.8 Billion by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. is estimated at US$6.9 Billion in the year 2020. Market is Estimated at $6.9 Billion, While China is Forecast to Grow at 6.2% CAGR Taking into account the ongoing post pandemic recovery, growth in the Lathe Machines segment is readjusted to a revised 6.2% CAGR for the next 7-year period. Machining Centers, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$22.8 Billion by the end of the analysis period. In the changed post COVID-19 business landscape, the global market for Machine Tools estimated at US$70.2 Billion in the year 2020, is projected to reach a revised size of US$104.3 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Global Machine Tools Market to Reach $104.3 Billion by 2027 Online interactive peer-to-peer collaborative bespoke updatesĪccess to our digital archives and MarketGlass Research Platform 10, 2022 (GLOBE NEWSWIRE) - announces the release of the report "Global Machine Tools Industry". Market presence across multiple geographies - Strong/Active/Niche/Trivial. Abstract: What’s New for 2022? Global competitiveness and key competitor percentage market shares.
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