Research and Markets: Global NC in the Industrial Machinery Sector 2016-2020 – Need to Improve Accuracy of Products Driving Growth
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/h7g4z2/global_nc_in_the) has announced the addition of the “Global NC in the Industrial Machinery Sector 2016-2020” report to their offering.
The market research report predicts the global numerical control (NC) market in the industrial machinery sector to grow at a CAGR of around 7% during the forecast period.
The need to improve the accuracy of products is driving the growth of this market. NC software is being widely adopted by engineers in various industries, to improve the efficiency and accuracy of products, in the design and manufacturing phase. Each will have the same set of dimensions and specifications once it is produced using NC.
However, the need for continuous support and maintenance is anticipated to deter the market growth during the forecast period. Some of the vendors in this market are not able to meet the customer’s expectation regarding continuous maintenance and support, thereby leading to customer dissatisfaction. This is expected to delay the adoption of NC software during the forecast period.
APAC accounted for nearly 40% of the market share during 2015. The increased growth of the automotive and industrial sectors in this region has led to an increase in the demand for industrial machinery and machine tools. China, Japan, South Korea, and India are the major revenue contributors in the APAC region. The report predicts the market in this region to reach a market value of around USD 243 million by the end of 2020.
- Hexagon AB
- 3D Systems
- Missler Software
- NTT Data
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: Geographical segmentation
PART 07: APAC
PART 08: EMEA
PART 09: Americas
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/h7g4z2/global_nc_in_the
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Sector: Machinery and Parts