London, 29 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Machine Tools Market in China 2014-2018, which is expected to grow at a CAGR of 11.42 percent during the period 2013-2018.
“The Machine Tools market in China is witnessing the development of numerical control and computer numerical control machines in the mid and small-scale industries, which has led to the shift from conventional machines that are controlled manually to new and advance machines that are now operated using programmed commands and computers to increase productivity,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Level of Industrialization
- Chinese Government Promoting Local Manufacturers
- Lower Manufacturing Cost
Key Market Trends
- Increased Level of Automated Manufacturing Process
- Development of User-friendly Machine Tools Interface
- Smart Factories with Advanced Technologies of the Future
Key Market Vendors
- DMG Mori Seiki Aktiengesellschaft
- Dalian Machine Tool Group Corp. (DMTG)
- Shenyang Machine Tools Co. Ltd. (SMTCL)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
