Market Report Development of machine tools market
USA – According to the Wise Guy Reports, the analysts forecast the machine tools market in the US to grow at a CAGR of 4.34% during the period of 2017-2021.
The report covers the present scenario and the growth prospects of the machine tools market in the US from 2017-2021. To calculate the market size, the report took into consideration new installations, sales, value and retrofit, replacement, spares, aftermarket and market services.
The report, Machine Tools Market in the US 2017-2021, was prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects over the coming years. The paper also includes a discussion of the key vendors operating in this market.
Key vendors include:
- Dalian Machine
- DMG Mori
- Haas Automation
Other prominent vendors are:
- Amada Machine Tools
- Mitsubishi Electric
- Yamazaki Mazak
Market driver: Increased demand for fabricated metal products
Market Challenge: Highly capital-intensive market
Market trend: Cloud-based machine tools
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