Market Overview

Global Machine Tools Market 2018-2026: Size, Share, Application Analysis, Growth Trends, Key Players, and Competitive Strategies - ResearchAndMarkets.com

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The "Global
Machine Tools Market Size, Market Share, Application Analysis, Regional
Outlook, Growth Trends, Key Players, Competitive Strategies and
Forecasts, 2018 To 2026"
report has been added to ResearchAndMarkets.com's
offering.

The global machine tools market is set to hit US$ 120 Bn mark by 2026.

On the basis of product type, the machine tools market is led by metal
cutting segment accounting for more than 60% of the total market value.

Based on industry verticals, automotive, consumer goods manufacturing
and machine tool & parts manufacturing represent the most promising
segments.

Further, based on geography, the market is currently led by Asia Pacific
owing to factors such as huge industrial sector and large number of
machine tools manufacturers. The market here is mainly backed by China
and Japan. With rapidly growing industrial manufacturing sector in India
and Southeast Asia, the region would also exhibit the highest growth
rate during the forecast period.

The overall machine tools market is quite fragmented in nature with
presence of numerous international as well as regional players. This has
ensured a competitive environment for the market players. New product
development is one of the most prominent strategies adopted by the major
market players.

Due to consistently increasing penetration of CNC machines, most of the
companies strive to develop more sophisticated automated products in
order to maintain a competitive edge. In addition, expansion of
distribution network is another prominent strategy adopted by the market
players.

Companies Profiled

  • 3M Company
  • Allied Machine & Engineering Corporation
  • Amada Machine Tools
  • ANCA Pty Ltd.
  • Dalian Machine Tool Group Corporation
  • DANOBAT Group
  • Delapena Group
  • Doosan Machine Tools Co., Ltd.
  • FANUC Corporation
  • Junker Group
  • JTEKT Corporation
  • Kellenberger & Co. AG
  • Komatsu Ltd.
  • Korber AG
  • Koyo Machinery
  • Okuma Corporation
  • Schuler Group
  • Shenyang Group
  • Toyoda Americas
  • WMW Machinery

For more information about this report visit https://www.researchandmarkets.com/research/w5wnkk/global_machine?w=4

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