TechNavio recognizes the following companies as the key players in the Machine Tool Market in Japan: JTEKT Corp., Mori Seiki Co. Ltd., Okuma Corp. and Tsugami Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Machine Tool market in Japan is currently growing at a steady pace. Major players such as JTEKT, Mori Seiki, and Okuma Corp. are attempting to expand their presence in the market to take an advantage of the market potential. Moreover, a number of mergers and acquisitions and other collaborations are taking place in the market, with many big players and emerging vendors considering this lucrative strategy to acquire larger share in the market. This approach also enhances the vendors’ distribution channels and improves their market reach. Thus, mergers and acquisitions will help the companies in this market remain competitive, while consolidating their position at the same time.”
According to the report, one of the main drivers in this market is the increasing demand for machine tools from emerging nations. Post the global economic recession and the Great East Japan Earthquake, many organizations have been expanding their manufacturing operations across the globe.
Further, the report states that a major challenge in the market is the increasing threat from China. China with its rapidly expanding infrastructure has the potential to outstrip already mature Machine Tool market in Japan. The prices of machine tools are increasing due to the increase in the price of raw materials and increasing labor cost in Japan.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Toshiba Machines, and Makino Milling Machines Co. Ltd
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 vendors. For further information on this report, please visit https://www.technavio.com/report/machine-tool-market-japan-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Machine Tool Market in Japan 2012-2016
