London, 26 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Machine Tools Market 2014-2018, which is expected to grow at a CAGR of 6.33 percent during the forecast period of 2013-2018.
“Increased demand for metal cutting tools, metal forming tools, and machine tool accessories across sectors such as Automotive, Electronics, Transport, and General Machinery is driving the growth of the Global Machine Tool market,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increase in Development of NC and CNC Machines
- Increase in Government Initiatives
- Increased Demand in APAC Region
- Increased Need for Superior-quality Products
Key Market Trends
- Development of User-friendly Machine Interfaces
- Increase in Initiatives of Associations and Organizations
- Development of Monitoring Solutions
Key Market Vendors
- Dalian Machine Tool Group Corp. (DMTG)
- DMG Mori Seiki AG
- Shenyang Machine Tools Co. Ltd. (SMTCL)
- Yamazaki Mazak Corp.
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%…
