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23.09.2016 | 20:12
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PR Newswire·Mehr Nachrichten von PR Newswire

DUBLIN, September 23, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Machining Centers Market 2016-2020" report to their offering.

The global machining centers market is forecast to grow at a CAGR of 5.68% during the period 2016-2020.

Commenting on the report, an analyst from the research team said: Rise in automation will be a key trend for market growth. Implementing automation not only increases profit margins but also has a positive impact on resource regulation and loss control.

Automation in a company's production or fabrication process increases its competitive edge and reduces operational costs. However, the high cost of automation systems and equipment makes it necessary to conduct a comparative study of additional costs with the overall cost reductions in the long run.

According to the report, growing demand for fabricated metal products will be a key driver for market growth. The global fabricated metal products market was valued at $1.81 trillion in 2015 and will likely reach $2.35 trillion by 2020, growing at a CAGR of 5.36%. The US accounted for almost 20% of the entire global fabrication metal product market.

There is an increase in the demand for US-manufactured fabricated metal products worldwide. For example, Mexico, Canada, and China rely heavily on the US for the supply of fabricated metals. Increased fabricated metal production in the country is leading to rising domestic demand for machine tools.

Questions Answered:

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Companies Mentioned:

  • DMTG
  • DMG Mori
  • SMTCL
  • Yamazaki Mazak
  • Allied Machine & Engineering
  • Amada
  • AMERASEIKI
  • BYJC-OKUMA (Beijing) Machine Tools
  • Doosan
  • Doosan Infracore
  • ENSHU
  • Fair Friend
  • FANUC
  • GF Machining Solutions
  • Haas Automation
  • Hardinge
  • Heller
  • HMT
  • HURCO
  • Hyundai

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

PART 16: About the Author

For more information about this report visit http://www.researchandmarkets.com/research/6ld3tz/global_machining

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

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© 2016 PR Newswire