The Fortune Business Insights Research Company recently published a detailed research titled Global Machine Tools Market Size 2025: Trends Analysis with Forecast 2025. This current market research study contains a plethora of useful insights and data, such as worldwide market size, regional shares, and competitor market share. Additionally, it discusses current trends, future opportunities, and critical statistics for market success.

The Machine Tools Market involves equipment used for shaping and machining metal and other materials, including lathes, milling machines, and grinders. The market is expanding due to advancements in CNC technology and the growing demand for precision manufacturing across various industries such as automotive, aerospace, and defense.

In summary, Fortune Business Insights™’s latest report on the Global Machine Tools Market is a must-read for any industry

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Forecast Growth Projected:

The global machine tools market was valued at USD 120.32 billion in 2023 and is projected to grow from USD 125.75 billion in 2024 to USD 229.46 billion by 2032, exhibiting a CAGR of 7.8% during the forecast period.

List of the Major Key Players in the Machine Tools Market:

• Yamazaki Mazak Corporation (Japan)

• Doosan Machine Tools Co., Ltd. (South Korea)

• Trumpf (Germany)

• AMADA MACHINE TOOLS CO., LTD (Japan)

• JTEKT Corporation (Japan)

• MAG IAS GmbH (Germany)

• Schuler AG (Germany)

• Makino (Japan)

• Hyundai WIA (South Korea)

• Komatsu Ltd. (Japan)

• Okuma Corporation (Japan)

• FANUC Corporation (Japan)

• Haas Automation Inc. (U.S.)

• Mitsubishi Heavy Industries Machine Tools Co., Ltd. (Japan)

Key Industry Devlopments in the Machine Tools Market:

August 2020: Hurco introduced a new range of CNC turning centers with live tooling for any turret station. The new CNC system uses a multi-core CPU that allows high resolution graphics on the screen, comparable with those on Hurco’s machining centre control.

May 2020: Mazak Corporation is focusing on expanding its presence across the Portuguese market by establishing a new sales channel. The new sales operation, which will be based in Porto, is aimed to support Mazak’s distributor, Normil.

Segmentation:

By Technology

• Conventional

• CNC (Computerized Numerical Control)

By Product

• Metal Cutting

  • Machining Centers

  • Turning Machines

  • Grinding Machines

  • Milling Machines

  • Eroding Machines

  • Others (boring, etc.)

• Metal Forming

  • Bending Machines

  • Presses

  • Punching Machines

  • Others (stamping press, etc.)

By Application

• Automotive

• General Machinery

• Precision engineering

• Transport Machinery

• Others (Construction, etc.)

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What are the New Additions in Machine Tools Market Report?

Comprehensive Market Analysis: The 2023 study offers a comprehensive industry analysis, including important market trends, development drivers, challenges, and opportunities. It covers several industrial sectors and provides information on market size, share, and segmentation.

Company Profiles: The study contains detailed information on significant industry participants. It provides thorough profiles of these organizations, focusing on their financial performance, product portfolios, strategic objectives, alliances, and competitive landscape research.

Customization and Analyst Support: The report provides customized services and analyst help upon request. This might involve custom research, particular data requirements, or unique insights depending on the client's needs and preferences.

Recent Market Developments: The report reflects the most recent market developments that have transpired since the last edition. It contains recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other major events that have shaped the industrial landscape.

Futuristic Growth Opportunities: The research examines and provides potential for future growth in the sector. It delves into developing technologies, industry trends, consumer preferences, and regulatory variables that are projected to fuel development and innovation in the next years.

Regional/Country Reports: In response to particular requests, the report provides tailored regional or country-specific analyses. This allows for a better grasp of market dynamics, the competitive environment, and prospects within a certain area or nation.

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