The global machining center market size is projected to reach USD 43.73 billion by 2026, thereby exhibiting a CAGR of 5.1% during the forecast period. However, the market was valued at USD 29.17 billion in 2018.
Fortune Business Insights published this information in an upcoming report, titled, “Machining Centers Market Size, Share & Industry Analysis, By Product (Vertical Machining Center, Horizontal Machining Center, Others), By Application (Automotive, General Machinery, Precision Machinery, Transport Machinery, Others) and Regional Forecast, 2019-2026.” The report further states that manufacturers, nowadays, are focusing more on the elimination of changeover time with less space, reduced material handling, quality improvement, and decreased cycle time to produce a specific product. These factors are expected to contribute to the machine centers market growth during the forecast period.
Highlights of the Report
- Accurate analysis of several vendors present in the market.
- Competitive landscape consisting of new contracts, strategic partnerships, mergers and acquisitions, and agreements.
- Various insights, namely, machining center market trends, growth drivers, opportunities, and restraints.
To Gain More Insights into the Machining Centers Market, Browse Summary of the Research Report – https://www.fortunebusinessinsights.com/industry-reports/machining-centers-market-101770
some of the most prominent companies operating in the machining center market. They are as follows:
- Okuma Corporation
- JTEKT Corporation
- Hyundai WIA
- Matsuura Machinery Corporation
- Komatsu Ltd.
- Yamazaki Mazak Corporation
- Doosan Machine Tools Co., Ltd.
- DMG MORI CO., LTD.
- MAG IAS GmbH
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Asia Pacific to Grow Rapidly: Rising Demand for Construction Equipment Will Favor Growth
Asia Pacific had generated USD 14.91 billion machine centers market share and is expected to acquire the highest CAGR throughout the forecast period. This growth is likely to occur on account of the rapidly expanding aerospace and automotive market in the emerging nations, namely, Thailand, Vietnam, and India. Moreover, increasing construction activities is causing a high demand for several types of equipment required for this purpose. As per our sources, in China, the construction industry was valued at USD 893.58 billion and is anticipated to grow at a CAGR of 5% in the coming years.
Matsuura Unveils MAM72-70V 5-axis Vertical Machining Center
October 2018: Matsuura Machinery Corporation, a machine tool manufacturing company based in Japan, declared the launch of its new product called MAM72-70V. It is a large capacity, high speed 5-axis vertical machining center. The model is specially designed to handle more workpiece size than the company’s pre-existing models. It also provides higher productivity and offers faster response time to the market for meeting the requirements of the consumers.
Purchase Full Report for Exclusive Machining Centers Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/101770
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