Global Machine Tools Market Research Report 2021

Machine tool is able to complete the turning, milling, planing, shearing, bending, boring, grinding, stamping, machining and drilling and other machining function.
Asia-Pacific is estimated to have a major share in the global market with 56%.

Market Analysis and Insights: Global Machine Tools Market
The global Machine Tools market was valued at US$ 64650 million in 2019 and it is expected to reach US$ 57260 million by the end of 2026, growing at a CAGR of -1.7% during 2021-2026.

Global Machine Tools Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Machine Tools Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Machining Centers
Turning Machines
Grinding Machines
Electrical Discharge Machines
The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.

Segment by Application
Machinery Manufacturing
Automobile
Aerospace & Defense
Others
The automobile holds an important share in terms of applications, and accounts for 38% of the market share.

By Company
Yamazaki Mazak
Trumpf
Komatsu
JTEKT
AMADA
Doosan Machine Tools
DMG MORI
Okuma
HYUNDAI WIA
Makino
Schuler
FFG/MAG
GF
Grob
Haas Automation
INDEX Group
Körber AG
Gleason
Brother Industries
CHIRON Group
Shenyang Group
DMTG

Production by Region
North America
Europe
China
Japan
Southeast Asia
South Korea

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E