The Asia Pacific CNC Metal Cutting Machine Market would witness market growth of 7% CAGR during the forecast period (2019-2025). Machine tools used to cut metals are important for metalworking. While some machines, such as horizontal lathes, have worked in one form or another since earlier times, computer-numerical-controlled (CNC) metal cutting machines are more of a new technology. Powered by electric motors, metal cutting machine tools are used for various cutting methods, including milling, turning, boring, grinding, and more, to achieve the desired cutting of the metal workpiece. Globally, the market for metal cutting machines is projected to see significant growth due to accelerated industrialization and development of manufacturing sectors in emerging countries such as India and China.
The CNC metal cutting machines are commonly used in different industries such as automotive, power & energy, aerospace & defense, electronics, and others. During the forecast period, factors such as innovations in the automotive sector and increased demand from the aerospace & defense sector provide the market with a notable growth. The demand for CNC metal cutting machines is projected to grow due to various factors such as growing its adoption in shipbuilding, healthcare, machinery industry and growing industrialization in emerging countries such as China and India. In addition, in the developing economies such as China, and India, demand for CNC metal cutting machine is also expected to rise in various industrial processes.
Based on Type, the market is segmented into Machining Centers, Lathe Machines, Gear Cutting Machines, Laser Cutting Machines and Others. Based on End User, the market is segmented into Automotive, Electronics, Aerospace & Defense, Power & Energy and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: CNC Metal Cutting Machine Market in Asia Pacific is expected to register a CAGR of 7% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hurco Companies, Inc., Lincoln Electric Holdings, Inc., Amada Holdings Co., Ltd., Komatsu Ltd., Okuma Corporation, DMG Mori Seiki Co. Ltd., Yamazaki Mazak Corporation, Dalian Machine Tool Group (DMTG) Corporation, Mondragon Corporation (Danobat Group), and Nissan Tanaka Corporation.
Market Segmentation:
By Type
By End User
By Country
Companies Profiled
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