Machine Tools Market Poised to Garner Maximum Revenues During 2030

Posted on 2021-06-01 by Future Market Insights, Inc in Industrial // 0 Comments

The global machine tools market was valued at ~US$ 72 Bn at the end of 2019 and is anticipated to surpass US$ 99 Bn by the end of the forecast period 2020-2030. The Automotive & Transportation segment is estimated to be the most lucrative end use capturing 36% of the overall demand pie in the global machine tools market.

Furthermore, manufacturers are adopting green manufacturing to reduce the overall operating cost by using energy efficient processes that can drastically reduce energy and utility bills, thus fueling the demand for machine tools with lesser power consumption. However, the recent COVID-19 pandemic has resulted in production shortfall coupled with disruptions in supply chain in several industries such as the automotive sector. However, the global demand for machine tools market is foreseen to fare well with the sudden down shift in the global demand.

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The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Machine Tools Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Machine Tools Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.

After reading the Machine Tools Market report, readers get insight into:

Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of the Machine Tools Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period 2021 to 2031
Technologies and business models with disruptive potential

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Automotive & Transportation Segment to Remain Key End User, Electrical & Electronics Catching Up

The COVID-19 outbreak has exposed several challenges for the automotive sector. For Instance, China witnessed a significant drop in production as compared to previous year. Production shortfalls resulting from supply chain disruptions in China are foreseen to impact global automakers which will directly impede sales of machine tools in the global market.

The global machine tools market is estimated to create an absolute $ opportunity worth US$ 26 Bn by the end of the 2030. Among all end use applications, the automotive and transportation segment is estimated to account for nearly 1/3rd of the overall value opportunity created across the forecast duration.

On the other hand Electrical & Electronics segment is foreseen to grow 1.8X faster as compared to machinery segment by 2030.

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Some important questions that the Machine Tools Market report tries to answer exhaustively are:

Key strategic moves by various players in the Machine Tools Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
Which strategies will enable top players in the Machine Tools Market to expand their geographic footprints
Which new business models are expected to change the course of growth of key regional markets in near future
Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
Which products segments have in recent years have seen new, lucrative application areas

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