Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Global Machine Tools (Metal Cutting & Metal Forming) Market: Impact of COVID-19 (2020-2024)The competitive landscape of the market, along with the company profiles of leading players i.e. TRUMPF GmbH + Co. KG, DMG Mori Seiki Co., Ltd., Amada Co. Ltd, JTEKT Corporation, Okuma Corporation and The Bühler Group are also presented in detail.
By: Koncept Analytics In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the machine tools orders have decreased rapidly. The machine tools which are operated by a worker turning a handle are used mainly in developing markets. Numerical Control (NC) machine tools that perform automatic operations based on numerical control using a computer are already widespread in developed markets, including Japan, Europe, and the U.S. (NC machine tools account for over 90% of machine tool production value in Japan). The fastest growing market is China due to strong demand for CNC machining center, lathes & grinding machines; growth in installation of energy grids, growing demand for highly advanced & comprehensive metal cutting machines, rising defence & aerospace industry, increasing technological advancements and rapid urbanization in country. Scope of the report: The report provides a comprehensive analysis of the global machine tool market on the basis of segments i.e. metal cutting & metal forming and applications i.e. automotive, general machinery, precision engineering and transport machinery. The major country markets i.e. China, US, Germany, UK and Japan have been analysed. The market dynamics such as growth drivers, market trends and challenges are analysed in-depth. The competitive landscape of the market, along with the company profiles of leading players i.e. TRUMPF GmbH + Co. KG, DMG Mori Seiki Co., Ltd., Amada Co. Ltd, JTEKT Corporation, Okuma Corporation and The Bühler Group are also presented in detail. For more Information: https://www.konceptanalytics.com/ Koncept Analytics Vikas Gupta (Business Development Manager) FFCS-36, Ansal Plaza Vaishali, Ghaziabad U.P - 201010 Tele: +91-120-4130959 Mobile: +91-9871694789 Mail ID – vikas@konceptanalytics.com End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|