LONDON--(BUSINESS WIRE)--Nov 20, 2020--

The CNC machine tools market is expected to grow by USD 24.91 billion, progressing at a CAGR of over 9% during the forecast period.

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Technavio has announced its latest market research report titled Global CNC Machine Tools Market 2020-2024 (Graphic: Business Wire)

The innovation in CNC machines is one of the major factors propelling market growth. However, factors such as rising cost pressure from the demand side will hamper the market growth.

More details:

CNC Machine Tools Market: Geographic Landscape

APAC will offer several growth opportunities to market vendors during the forecast period. The advantages over conventional machines will significantly influence the CNC machine tools market's growth in this region. 42% of the market’s growth will originate from APAC during the forecast period. China is the key market for the CNC machine tools market in APAC.

Related Reports onInclude:

Global Machine Tools Market: The machine tools market size has the potential to grow by USD 19.02 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights:

Global CNC Vertical Machining Centers Market: The CNC vertical machining centers market size has the potential to grow by USD 975.74 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights:

Companies Covered:

What our reports offer:

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio 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 17,000 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.

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KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING

SOURCE: Technavio Research

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PUB: 11/20/2020 12:00 PM/DISC: 11/20/2020 12:01 PM

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