Albany, NY — (PRESS RELEASE JET) — 10/27/2017 — A machine tool is defined as a machine for shaping and machining metals or other rigid materials in a wide range of industrial applications. These tools are extensively used across the automotive, aerospace, and electronics industries.

The machine tools market in the US to grow at a CAGR of 4.34% during the period 2017-2021. The report covers the present scenario and the growth prospects of the machine tools market in the US for 2017-2021. To calculate the market size, the report considers the new installations, sales, value and retrofit, replacement, spares, aftermarket, services market.

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Technavio’s report, Machine Tools Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
– Dalian Machine
– DMG MORI
– Haas Automation
– JTEKT
– Komatsu

Other prominent vendors
– Amada Machine Tools
– Fives
– Gleason
– Hardinge
– Mitsubishi Electric
– Makino
– Okuma
– Yamazaki Mazak
– TRUMPF

Market driver
– Increased demand for fabricated metal products
– For a full, detailed list, view our report

Market challenge
– Highly capital-intensive market
– For a full, detailed list, view our report

Market trend
– Cloud-based machine tools
– For a full, detailed list, view our report

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Key questions answered in this report
– What will the market size be in 2021 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?

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