Metal Cutting Machine Tools Are Projected To Surpass Market Valuation of US$ 94 Bn by The End Of 2030
The market
study conducted by Fact.MR provides unique information regarding the market's
future growth. The study identifies significant trends that are driving the
market expansion for Laser Machine Tools. This recently released report
clarifies crucial trends, such as the market's drivers, constraints, and
opportunities for established players as well as up-and-coming competitors
involved in supply and production. The most recent report from Fact.MR offers
an in-depth analysis of the laser machine tool market.
The report
provides useful information about
the Laser Machine Tools market. The most recent report from
Fact.MR includes historical market data and market forecasting along with
information on the market's current state in various regions. The report also
provides data on the market sales and demand for laser machine tools across
different industries and geographical areas.
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This
recently released, insightful report provides information on the market
insights for laser machine tools as well as their key dynamics, effects on the
entire value chain from suppliers to end users, and market growth.
At the end
of 2019, the market for machine tools was estimated to be worth around US$ 72
billion. By the end of the forecast period from 2020 to 2030, it is expected to
reach US$ 99 billion. According to estimates, the end use sector for automotive
and transportation will be the most profitable, accounting for 36 percent of
the market's total demand for machine tools.
The use of
energy-efficient processes by manufacturers to lower overall operating costs
can also significantly lower energy and utility bills, which is driving up
demand for machine tools with lower power requirements. However, the most
recent COVID-19 pandemic has caused production shortfalls and supply chain disruptions
in a number of industries, including the automotive industry. Despite the
abrupt decline in global demand, it is anticipated that the market for machine
tools will do well.
Key Learnings from the Market for Machine
Tools
·
The market for machine tools is projected to
grow 1.4 times between 2020 and 2030, creating an absolute $ opportunity of
more than US$ 26 Bn.
·
By the end of 2030, metal cutting machine tools
are anticipated to command a market value of more than US$ 94 billion.
·
Over the course of the forecast period, it is
anticipated that the end use segment for electrical and electronics will
increase, adding 171 BPS.
·
The projected growth rate for South Asia is 1.2
times that of East Asia. However, it is anticipated that by the end of the
forecast period, East Asia will represent a sizable portion of global demand.
·
Between 2020 and 2030, it is anticipated that
the automotive and transportation sector will generate a total opportunity of
US$7.5 billion.
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Product Launches Will Continue to Be a Key
Growth Driver
Komatsu
Limited, DMG Mori, Okuma Corporation, TRUMPF Group, Hyundai WIA Corporation,
and Doosan Machine Tools are a few of the industry's leading companies. Leading
manufacturers of machine tools are constantly introducing new products and
investing heavily in R&D to adapt their product lines to the fast-changing
market trends of today.
For
instance,
·
To make the production of micro cutting tools
simpler, United Grinding and Ewag created a new product, Laser Line Ultra, in
2020. This recently created product incorporates intricate micro geometries
into cutting tools using an 8-axis configuration and picosecond lasers.
·
Doosan Machine Tools added the DNM 4500L and DNM
5700L to its lineup of products in 2020. The new DNM series products are
intended to make machining a variety of workpieces faster and more accurate.
Important Market Segments for Machine Tools
The Machine
Tools market study by Fact.MR provides data broken down into three major
categories: product type, end-use, and region. This report provides in-depth
information and data on crucial market dynamics and growth factors related to
these categories.
Product Type
·
Metal Cutting
·
Machining Centres & Related
·
Laser, EDM, & Related
·
Lathes
·
Other Metal Cutting
·
Metal Forming
·
Presses
·
Punching & Shearing Machines
·
Bending & Forming Machine
·
Other Metal Forming
End-Use
·
Automotive & Transportation
·
Electrical & Electronics
·
Machinery
·
General Manufacturing & Others
Region
·
North America
·
Latin America
·
Europe
·
East Asia
·
South Asia
·
MEA
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The Fact.MR Machine Tools Market Report
Provides Answers to Key Questions
·
Which areas will continue to be the most
lucrative regional markets for manufacturers of machine tools?
·
What aspects of the assessment period's demand
for machine tools will change?
·
What effects will evolving trends have on the
market for machine tools?
·
How can market participants seize the developed
regions' low-hanging fruit in the machine tool market?
·
Which businesses dominate the market for machine
tools?
·
What are the market players' successful tactics
for advancing their positions in this environment?
Additional Useful Information on the Laser
Machine Tools Market
In its
latest report, Fact.MR provides an objective market analysis of laser machine
tools, sales, and demand while examining projected data through 2019 and
beyond. The study provides growth projections based on a number of factors.
* This article was originally published here
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