Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor CNC Metal Cutting Machine Tools Market Research Re

CNC Metal Cutting Machine Tools Market 2019
CNC Metal Cutting Machine Tools Market 2019 is latest research report by MarketResearchFuture, the
global CNC Metal Cutting Machine Tools industry is expected to Register High Growth Rate during 2019
To 2023. Report analyzes CNC Metal Cutting Machine Tools Market Key Companies with Size, Share,
Trends analysis, and Key Country Forecast to 2023. CNC Metal Cutting Machine Tools Industry
Information is segmented Product Type, By Application and By Region - Forecast Till 2023
Companies Covered
DMG MORI CO., LTD, FANUC CORPORATION, JTEKT CORPORATION, Dalian Machine Tool Group
Corporation, Yamazaki Mazak Corporation, Hurco Companies, Inc., Okuma Corporation, Makino Milling
Machine Co., Ltd., Haas Automation, Inc., EMAG GmbH & Co. KG, Komatsu Ltd., and AMADA MACHINE
TOOLS CO., LTD.
Get Free Sample Report of “CNC Metal Cutting Machine Tools Market Research Report - Global
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Market Snapshot
MRFR reports that the global CNC metal cutting machine tools market will expand at a compound annual
growth rate of 6.14% between 2018 and 2023. Rapid industrialization in fast developing countries in APAC,
MEA and LatAm to play an important role in driving the market during the projection period. Market
players to gain from trend such as industrial automation and Industrial IoT. Market opportunities arising
from the automotive sector is likely to standout. Demand for advanced metal cutting equipment has
continued to grow in the automotive sector. The sector is likely to exhibit an above-average performance
over the next five years, which remains a positive indicator for the market.
Segmental Analysis
Segmental analysis of the global CNC metal cutting machine tools market is conducted on the basis of
product type, application and region.
Based on product type, the market has been segmented into vertical machine centers, horizontal machine
center and CNC grinder. The vertical machine centers segment is expected to remain highly attractive in
2019 and beyond. The segment is currently valued at over USD 20,000 Mn and will witness a CAGR of
6.43% during the assessment period. Vertical machine centers are extremely versatile and can perform a
wide range of cutting task.
Based on application, the market has been segmented into aerospace and defense, shipbuilding,
construction and automotive. The automotive segment accounted for the largest market share in 2018
and is likely to retain its dominant position throughout the assessment period. The segment is anticipated
to reach a valuation in excess of USD 19,000 Mn by the year 2023, reflecting an above-average CAGR.
Cutting applications are high in the automotive sector, making it a highly lucrative segment. In addition,
growing emphasis on automation for automotive manufacturing is reflecting favorably on the market.
Regional Outlook
On the basis of region, the market has been segmented into Europe, North America, Asia Pacific (APAC)
and Rest of the World (RoW). The market in Asia Pacific has been growth at a significant pace in recent
years. In 2017, the region accounted for little under 46% share of the global market. Countries such as
China, Japan, India and South Korea are likely to remain at the forefront of the APAC CNC metal cutting
machine tools. By the end of the forecast period, the region’s market is expected to surpass a valuation