TechNavio today published its report Global Computer Numerical Control Solutions Market 2011“2014. The report aids decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Engineering Services team said, CNC machining centers play an important role in the efficient operation of manufacturing firms. As a result of the increased growth in the Automotive sector and the availability of low-cost labor, several companies such as Hyundai, Nissan, Mahindra, and Boeing have increased their investment in the APAC region. This in turn increases the demand for the necessary supplies of die molds, auto auxiliaries, press tools, fabricated materials, and other related products. There is an increase in investment being made by the MSME sector in the APAC region.
According to the report, the increase in globalization, and the consequent opportunities, has led several global manufacturing players to enter the APAC region. This increases the demand among the MSME industries that want to deliver quality products to global players to increase revenue generation. This emerging MSME sector has increased its focus on retrofitted machines in order to gain huge cost advantages and to enable them to scale up and be at par with global quality production standards.
The report also discusses key challenges in this market including continuous support and maintenance that these solutions require.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-computer-numerical-control-solutions…
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TechNavio Announces the Publication of its Report: Global Computer Numerical Control Solutions Market 2011“2014
