MRO Magazine

Global Machine Tools Market 2016-2020 – Increased Growth of Fabricated Metal Products – Research and Markets


May 20, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Machine Tools Market 2016-2020” report to their offering.

The global machine tools market is expected to grow at a CAGR of 6.55% during the period 2016-2020.

The dramatic changes that 3D printing technology has brought about will likely have an impact on machine tools and plastic injection molding. 3D printing technology reduces material usage by nearly 30%-70% as compared to traditional techniques. This results in faster speed to market for new products and a reduction in development costs. Many machine tool manufacturers are incorporating this technology into their machine tools.

According to the report, the growth in global fabricated metal products market positively impacts the global machine tools market. Fabricated metals are used in ammunition, small arms, cutlery, and utensils, stamped metal products, fasteners, springs, building products, tanks, cranes, and hardware. These metals are manufactured using machine tools. The rising global demand for fabricated metals from the construction and machinery industries is fueling the global fabricated metal products market, which in turn, drives the global machine tools market.

Further, the report states that the slow growth of the real estate and manufacturing sectors in China will have an adverse effect on the global machine tools market.

Key vendors:

  • Dalian Machine Tool Group (DMTG)
  • DMG Mori
  • Shenyang Machine Tool (SMTCL)
  • Yamazaki Mazak

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by end user

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

PART 16: Appendix

For more information visit http://www.researchandmarkets.com/research/r5x7jr/global_machine

Research and Markets
Laura Wood, Senior Manager
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Sector: Machine Tools