DUBLIN, May 20, 2016 /PRNewswire/ --
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.
These tools are used extensively across various industries such as automotive, aerospace, electrical and electronics, consumer durables, die mold, healthcare, part manufacturing, and shipbuilding.
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.
- 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/2hhch7/global_machine
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SOURCE Research and Markets