Global Machine Tool Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Machine Tool Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Machine Tool market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global machine tool market size is projected to reach USD 68.9 billion by 2021 from an estimated USD 65.6 billion in 2020, at a CAGR of 5.0%. The projections were based on the ongoing automotive industry production drop, which is the biggest consumer of machine tools and, additionally, the supply chain disruptions caused by the COVID-19 pandemic in the manufacturing industry.

The machine tool market reached an all-time high in 2018. However, with the continuous decrease in automotive production over the last 2-3 years, the trade war (between the US and China) on tariffs creating a weak demand in downstream industries and the uncertainty in the international relations has impacted investment decisions, resulting in ~11% decline in the machinery demand for 2019.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Machine Tool market are included as given below:

Some of the major players in the machine tool market are Doosan (South Korea), Amada (Japan), Makino (Japan), JTEKT (Japan), GF Machining Solutions (Switzerland), DMG Mori (Japan), Komatsu (Japan), OKUMA (Japan), Hyundai WIA (South Korea), Schuler (Germany), and Chiron Group (Germany), among others.

The global Machine Tool market has been segmented as below:

Based on machine type:

Metal Cutting Machine

Metal Forming Machine

Based on the automation type:

CNC Machine tools

Conventional Machine tools

Based on the industry:

Automotive Industry

Sheet Metal Industry

Capital Goods

Energy Industry

Based on the Sales Channel:

Direct Sales

Events & exhibitions

Dealers & distributors

Based on the region:

Asia Pacific

China

India

Japan

South Korea

Taiwan

Vietnam

Thailand

Europe

Germany

Italy

Turkey

France

Russia

North America

US

Mexico

Canada

Reasons to Purchase this Report:

Estimates Machine Tool development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects