Global Metal Forming Machine Tools Market 2018-2022| Large-scale Industrial Automation to Drive Growth| Technavio
LONDON--(BUSINESS WIRE)--Sep 11, 2018-- research analysts forecast the global metal forming machine tools market to grow at a CAGR of around 4% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180911005802/en/
Technavio has published a new market research report on the global metal forming machine tools market from 2018-2022. (Graphic: Business Wire)
Government initiatives to promote the machine tools industry is one of the major trends witnessed in the . The Ministry of International Trade and Industry in Japan has taken the initiative to rationalize the machine tools industry by implementing strategic M&As. Similarly, in India, the government has allowed 100% foreign direct investment (FDI) in the machine tools industry.
According to Technavio’s analysts, one of the key factors that will contribute to the growth of the global metal forming machine tools market is the large-scale industrial automation worldwide:
Global metal forming machine tools market: Large-scale industrial automation worldwide
The globalization of the overall industrial manufacturing sector has resulted in an increase in the quality and efficiency of manufacturing processes. This has led to a rise in the adoption of automated machine tools in the manufacturing sector. The investments in the global process automation applications have been increasing, with the emphasis being given to technology, software, services, hardware, and the communication protocol used for automation.
According to a senior analyst at Technavio for research on the tools and components sector, “Automated equipment and robotics can assist in ensuring the consistency of the final manufactured product. They eradicate the scope of human error and thereby, impact the overall quality of production. Hence, automation helps in precisely controlling and manipulating manufacturing processes to maintain quality.”
Global metal forming machine tools market: Segmentation analysis
The global metal forming machine tools market research report provides market segmentation by end-user industries (automotive, industrial machinery, transportation, precision engineering, and construction), and by region (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
APAC held the largest share of the market in 2017, accounting for close to 59% share. It was followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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 10,000 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.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005802/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: MANUFACTURING ENGINEERING STEEL OTHER MANUFACTURING
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 09/11/2018 03:49 PM/DISC: 09/11/2018 03:49 PM