The analysts forecast the global metal cutting machine tools market to grow at a CAGR of 7.41% during the period 2016-2020.
According to the report, gaining popularity of robotic waterjets will be a key driver for market growth. The application of robotic waterjets ranges from cutting, cleaning of a variety of materials, and drilling. The whole process is carried out by a jet of water or high-pressure water stream. One of the primary benefits of a robotic water jet is that there is no use of chemicals solvents, and the cutting process can be continuous as the water is recycled and circulated in a loop. The high precision rate helps to reduce material wastage, and the entire operation is dust, smoke, and heat free.
The report covers the present scenario and the growth prospects of the global metal cutting machine tools market for 2016-2020. To calculate the market size, the report considers the demand for metal cutting machine tools from the various end-user industries in the metal cutting machine tools market. The report also includes a discussion of the key vendors operating in this market.
Emergence of high-definition plasma cutting will be a major key trend for market growth. As technology advances, all the parameters that control high-definition plasma cutting may become automated using CAM software and PC-based control systems. Electrical interfaces in the high-definition plasma cutting system constitute Ethernet-based interfaces between the plasma, gas flow controller, torch height controller, and CNC system. In this process, instant troubleshooting is possible due to internal diagnostics, which can extend to direct factory connections for online troubleshooting in case expert opinion and intervention is required.
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?