Machine tools, such as metal cutting tools, metal forming tools, and
machine tools accessories, are used to cut and shape metals and other materials
during the manufacturing of a product based on its specifications. These tools
provide an effective and efficient method of manufacturing critical components
with the utmost ease and accuracy. Machine tools are used extensively by
companies across several sectors such as Automotive, General Machinery,
Precision Engineering, Transport, Aerospace, and Dies and Mold.
Analysts forecast the Global Machine Tool
market to grow at a CAGR of 6.33 percent over the period
2013-2018.
The Report recognizes the following companies as the key players in the
Global Machine Tool Market: Dalian Machine Tool Group Corp. (DMTG), DMG
Mori Seiki AG, Shenyang Machine Tools Co. Ltd. (SMTCL) and Yamazaki Mazak Corp.
Other Prominent Vendors in the market are: Allied Machine &
Engineering, Amada, Byjc-okuma (BeiJing), Doosan, Fair Friend Group, FANUC, GF
Machining Solutions, Haas Automation, Hardinge, JTEKT, Kennametal, Komatsu,
Makino Milling Machine, Okuma, Otto Bihler Maschinenfabrik, Sandvik, Schuler,
Shaanxi Qinchuan Machinery Development.
The development of user-friendly machine tool interfaces has made the
entire exercise highly user-interactive. The simple-to-operate features of the
machine tools have reduced the operational time and training costs for
companies.
Covered in this
Report
This report covers the present scenario and the growth prospects of the
Global Machine Tool market for the period 2014-2018. In terms of product, the
market can be segmented into three: Metal Cutting Machine Tool, Metal Forming
Machine Tool, and Machine Tool Accessories.
Global Machine Tool Market 2014-2018, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the Americas, and the APAC and EMEA regions; it also covers the Global Machine
Tool market landscape and its growth prospects in the coming years. The report
includes a discussion of the key vendors operating in this market.
According to the report, increased demand for numerical control and
computer numerical control machines is a major growth driver in the market. The
operation of these machines involves the use of programmed commands and
computers; this ensures fewer errors than with manual operation. Consequently,
there is an increase in product quality and a reduction in operational time and
human effort.
Further, the report states that being a capital-intensive market and the
production process of machine tools requires a huge capital inflow. The
fluctuation in raw material prices, training costs, and the purchase of
services lead to increased costs for companies which pose a serious challenge
for market growth.
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