NEW YORK, April 27, 2021 /PRNewswire/ —
The machine tools market is expected to grow by USD 26.72 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the machine tools market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
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The machine tools market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2021.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Industrials Include:
Global Metal Forming Machine Tools Market – Global metal forming machine tools market is segmented by end-user (automotive, industrial machinery, transportation, precision engineering, and others) and geography (APAC, Europe, North America, South America, and MEA).
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Global Fatigue Testing Machine Market – Global fatigue testing machine market is segmented by application (Automotive industry, Aerospace industry, Composites industry, Medical industry, and Others) and geography (North America, Europe, APAC, South America, and MEA).
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Major Three Machine Tools Market Participants:
600 Group Plc
The company offers Master VS 3250. It is a center lathe that features new X-axis scale mounting to reduce machine depth. The company also offers Typhoon L Series CNC Turning Centres. These are new generation CNC Turning Centers that are available in 2, 3, and 4 axis versions with sizes from 45mm up to 65mm spindle bore.
AMADA Co. Ltd.
The company offers LASBEND-AJ. It is an advanced integrated sheet metal fabrication machine to continuously perform four operations, laser cutting, forming, tapping, and bending, in one unit. The company offers DV-1. It is a graphical profile grinder that makes use of a CCD camera for automatic on-machine measurement and automatic compensation.
DMG MORI Co. Ltd.
The company offers CMX 1100 V machining centers that come with a large-size table with X-axis travel of 1,100 mm while achieving space-saving. The company also offers NLX 6000 | 1000, a large high-precision lathe for large-diameter shafts.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:
Machine Tools Market 2021-2025: Segmentation
Machine tools market is segmented as below:
- Industrial Machinery
- Precision Engineering
- North America
- South America
The machine tools market is driven by the growing adoption of CNC machines. In addition, the digital integration of machine tools with communication systems is expected to trigger the machine tools market toward witnessing a CAGR of almost 5% during the forecast period.
Get more insights about the global trends impacting the future of the machine tools market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40760
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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