Machine Tools Market

Global Machine Tools Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 - (By Material Type Coverage, By Product Type Coverage, By End User Coverage, By Geographic Coverage and By Company)

Published Date: Dec 2024 | Format: | No. of Pages: 188

Industry: Automotive & Transport | Author Name: Chetan

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FAQ : Machine Tools Market

The market is expected to be valued at US$86.7 Bn in 2031.

Turning Machines, Drilling Machines, Milling Machines, Shapers & Planers, Grinding Machines, Power Saws, and Presses are 7 basic types of machine tools.

Asia Pacific is estimated to lead the market for machine tools.

A prominent opportunity lies in the increasing demand for automation in manufacturing.

The market is projected to exhibit a CAGR of 3.7% over the forecast period.
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