![]() ![]() Robotic end of arm tools (EOAT) are being increasingly deployed for offering specific functionalities to robots and accommodating multiple processes in one go. Robotic End of Arm Tools Market: Robotic end of arm tools (EOAT) have been gaining traction as primary equipment for seamless interaction with parts & components at the end of a robotic arm. Opportunities for Machine Tools Chemicals Due To Increased Product UsageĬheck out more related studies published by Fact.MR Research: Impact of COVID-19 Crisis on Machine Tools Global Imports and Exportsģ.5. Impact of COVID-19 Crisis on Machine Tools Pricesģ.4. Impact of COVID-19 Crisis on Machine Tools Production and Demandģ.3. Impact of COVID-19 Crisis on Automotive Sectorģ.2. Market Definition / Scope / Limitationsģ.1. Analysis and Recommendations by Fact.MRĢ.2. Global Machine Tools Market – Opportunity Assessmentġ.4. Global Machine Tools Market – Regional Overviewġ.3. The study divulges essential insights on the machine tools market on the basis of product type (Metal Cutting Machine Tools (Machining Centers, Laser, EDM, & Related, Lathes and Other Metal Cutting), Metal forming Machine Tools (Presses, Punching & Shearing Machines, Bending & Forming Machine, Other Metal Forming) and end use (Automotive & Transportation, Electrical & Electronics, Machinery, General Manufacturing and Others) across seven major regions.ġ.2. More Valuable Insights on the Machine Tools Marketįact.MR, in its new offering, presents an unbiased analysis of the global machine tools market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. Key Segments Profiled in the Machine Tools Industry SurveyĬhoose Quick and Secure PayPal Payment Mode to Get Full Access of This Report Get Customization on this Report for Specific Research Solutions – The new DNM series products are designed for faster and precise machining of diverse workpieces. In 2020, Doosan Machine Tools expanded its product portfolio with the introduction of DNM 4500L and DNM 5700L. This newly developed product uses an 8-axis configuration and picosecond lasers to incorporate complex micro geometries in cutting tools In 2020, United Grinding and Ewag developed a new product, Laser Line Ultra to simplify micro cutting tool production. Prominent machine tools manufacturers are launching new products and capitalizing significantly in their R&D endeavors to bring constant change in their line of products as per the todays dynamic industry trends. Key players in the machine tools market are Product Launches to Remain a Prime Growth Lever However, East Asia is estimated to account for major chunk of demand pie by the end of the forecast periodĪutomotive and transportation segment is projected to create an absolute $ opportunity of ~US$ 7.5 Billion between 20. South Asia is projected to grow 1.2X faster than East Asia. Metal cutting machine tools are projected to surpass market valuation of US$ 94 Billion by the end of 2032.īy end user, Electrical & Electronics anticipated to grow, gaining 171 BPS over the course of forecast duration Key Takeaways of the Machine Tools Market Want A Detailed Understanding of Market Functioning? Request for a Sample Here – ![]() This, in turn, is positively influencing the growth of machine tools market. Moreover, technological advancements in the field of manufacturing sectors is rapidly changing the development for machine tools. In addition, the penetration of Industry 4.0 along with Internet of Things is changing the dynamics of machine tools market. The automotive & transportation segment is estimated to be the most lucrative end use capturing 36% of the overall demand pie in the global machine tools market.įurthermore, manufacturers are adopting green manufacturing to reduce the overall operating cost by using energy efficient processes that can drastically reduce energy and utility bills, thus fueling the demand for machine tools with lesser power consumption. 06, 2022 (GLOBE NEWSWIRE) - The global machine tools market was valued at US$ 63 Billion at the end of 2021 and is anticipated to surpass US$ 107.75 Billion by registering a CAGR of 5% by the end of the forecast period 2022-2032. ![]()
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