Global Metal Forming Machine Tools Market 2018-2022| Large-scale Industrial Automation to Drive Growth| Technavio

September 11, 2018

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.

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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.

This report is available at a USD 1,000 discount for a limited time only:

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.

Looking for more information on this market?

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 Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 09/11/2018 03:49 PM/DISC: 09/11/2018 03:49 PM


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