Machine Tools Market in the US – Trends, Forecast & Growth Prospects Now Available From Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the machine tools market in the US,which is expected to grow at a CAGR of more than 3% from 2015-2019.
Machine tools market segmentation including product and end-user
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including metal cutting machine tools, metal forming machine tools, and other accessories.
Additionally, analysts have segmented market projections by end-user, focusing on automotive, general machinery, transport machinery, electronics, and others.
“The machine tools market in the US is seeing the development of numerical control and computer numerical control machines in the mid and small-scale industries. This has led to a shift from manually-controlled conventional machines to new and advanced machines, which can be operated using programmed commands and computers to boost productivity,” says Faisal Ghaus, Vice President of Technavio.
Machine tools: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the machine tools market in the US from 2015-2019. We classify the market based on products and end-users. We also present the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.
Industry analysis includes:
- Key Vendors:
- DMG MORI
- Haas Automation
- Market Growth Drivers:
- Resurgence of automotive industry
- Growth of fabricated metal products
- Market Challenges:
- Capital-intensive market
- Increased use of plastic as a substitute for metal
- Market Trends:
- Increased level of automated manufacturing process
- Technological advancement
View the machine tools market in the US report.
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