DUBLIN--(BUSINESS WIRE)--The "CNC Machine Tools - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the CNC Machine Tools market worldwide will grow by a projected US$4.6 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.9%.
The global analysis and forecast periods covered are 2020-2027 (current & future analysis) and 2012-2019 (historic review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Lathes, one of the segments analyzed and sized in this study, is forecast to grow at over 3.3% and reach a market size of US$7.8 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Lathes market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.5% CAGR. Within Europe, Germany will add over US$112.7 Million to the region's size over the next 7 to 8 years. In addition, over US$119.9 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Lathes segment will reach a market size of US$363.4 Million by the close of the analysis period.
Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the CNC Machine Tools market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 7.3% over the next couple of years and add approximately US$1.4 Billion in terms of addressable market opportunity.
Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing CNC Machine Tools market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others:
- Ace Micromatic Group
- Allied Machine & Engineering Corporation
- Amada Machine Tools Co. Ltd.
- Amera-Seiki
- BYJC-OKUMA (Beijing) Machine Tools Co. Ltd.
- Dalian Machine Tool Group Corporation
- DMG Mori AG
- Doosan Corporation
- Doosan Infracore Co. Ltd.
- Enshu USA Corporation
- Fair Friend Enterprise Group
- FANUC Corporation
- Gebr. HELLER Maschinenfabrik GmbH
- GF Machining Solutions Management SA
- Haas Automation, Inc.
- Hardinge, Inc.
- HMT Ltd.
- Hurco Companies, Inc.
- Hyundai WIA Corporation
- Jiuh-Yeh Precision Machinery Co. Ltd.
- JTEKT Corporation
- JTEKT Toyoda Americas Corporation
- Kennametal Inc.
- Kiwa Machinery Co. Ltd.
- Komatsu Ltd.
- Maco Corporation India Pvt. Ltd.
- Makino Milling Machine Co. Ltd.
- Matsuura Machinery Corporation
- Micromatic Grinding Technologies Ltd.
- OKK Corporation
- Sandvik AB
- Shenyang Machine Tools Co., Ltd.
- Sister Machine Technology Co. Ltd.
- SNK America, Inc.
- Tongtai Machine & Tool Co. Ltd.
- Toshiba Machine Co. Ltd.
- Yama Seiki USA, Inc.
- Yamazaki Mazak Corporation
- Yeong Chin Machinery Industries Co. Ltd.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- CNC Machine Tools Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 39
For more information about this report visit https://www.researchandmarkets.com/r/v071gq
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June 29, 2020 at 06:27PM
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CNC Machine Tools Market Expected to Grow by $4.6 Billion Over 2020-2027, Despite the Implications of COVID-19 - ResearchAndMarkets.com - Business Wire
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