Machine Tools Market

Machine Tools Market By Product Type (Metal Cutting, Machining Centres & Related, Laser), By End-Use & Region - Forecast To 2021 -2031

Key Takeaways from Market Study

– Global machine tools market is expected to create an absolute $ opportunity of more than US$ 26 Bn and is anticipated to expand 1.4X from 2020 through 2030

– Electrical & Electronics end use segment is anticipated to grow, gaining 171 BPS over the course of forecast duration

– South Asia is projected to grow 1.2X faster than East Asia. However, East Asia is estimated to account for major chunk of demand pie by the end of the forecast period

Analyst View

"The ongoing spread of the COVID-19 pandemic across the globe will delay the economic restart. Furthermore companies with heavy production and sales footprint in Europe and China are witnessing a direct impact on machine tools sales, imports and exports. However, slow but quick recovery is expected from china which will result in a positive uptake of machine tools" says the Fact.MR analyst

Key Segments

Product Type End-Use Region

More Valuable Insights on Machine tools Market

Fact.MR, in its new offering, presents an unbiased analysis of the global machine tools market, presenting historical demand data (2015-2020) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the machine tools market on the basis of product type (Metal Cutting Machine Tools (Machining Centers, Laser), Metal forming Machine Tools (Presses, Punching & Shearing Machines, Bending & Forming Machine), end use and across seven major regions.

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