Multi-Tasking Machine Tools Market Overview:
The global Multi-Tasking Machine Tools Market size was valued at USD 98.45 Billion in 2020 And is projected to reach USD 133.92 Billion by 2028, growing at a CAGR of 3.92% from 2021 to 2028. The multitasking machine tool market 2020 can spur due to the growing adoption of such tools as automation has penetrated their operations. The functionality of these tools without manual intervention can boost the growth of the market. The rise in multi-tasking machine tools implications for activities, such as drilling, milling, turning, and others can contribute significantly to the rise of the multitasking machine tools market. Multi-tasking machine tools eliminates the requirement for multiple machines to execute such functions. Thereby, can prompt their market growth. In case of multi-tasking machines, manufacturers can carry out an entire operation with the assistance of a single machine, only alteration is required in the corresponding software or tool. This advantage can propel the market growth. Additional drivers of the multi-tasking machine tools market are; curb in labor expense, reduction of labor requirement in the work-in-process, and the increase in need for eliminating multiple fixturing.
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Market Segmentations:
The product type-based segments of the market are drilling, milling, turning, and others. The high application of milling tool can spur the growth of the multitasking machine tool market. Milling cutters and gear cutters have various utilities in aerospace and automotive sectors. Drilling and turning segments are anticipated to contribute considerably to the rise of the market. The application-based segments of the multitasking machine tool market are general machinery, automotive, and aerospace among others. The automotive sector dynamics can dictate the rise of the multitasking machine tools market. The high utility of multitasking machine tools for cutting different materials and alloys in aerospace and automobile sector can boost the growth of the market. Multi-tasking machines can accomplish a variety of tasks without the need for human interaction. These machines eliminate the need to move work pieces that require multiple operations from one machine to another. This report studies the market covering a period of 8 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Segments Overview:
The Multi-Tasking Machine Tools Market is segmented as below:
Market Segmentation
The Multi-Tasking Machine Tools Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Key vendors
Doosan Machine Tools
Mazak
Nakamura-Tome Precision Industry
Okuma
Tsugami
Other prominent vendors
Accuway Machinery
Breton
Brother
DMG Mori
Hwacheon Machine Tools
Hyundai WIA
Takisawa Machine Tool Company
Tongtai Machine & Tool Company
Toyoda
Trevisan Machine Tool
Market driver
Ability to perform multiple operations on single machines
For a full, detailed list, view our report
Market challenge
Challenges faced by European machine tools manufacturers
For a full, detailed list, view our report
Market trend
Introduction of hybrid multi-tasking machine tools
For a full, detailed list, view our report
By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
South Asia
India
Southeast Asia
Indonesia
Thailand
Singapore
Middle East
Turkey
Saudi Arabia
Iran
Africa
Nigeria
South Africa
Oceania
Australia
South America
A selection of KEY COMPANIES mentioned in this report includes:
Doosan Machine Tools Co. Ltd.
Accuway Machinery Co., Ltd.
Yamazaki Mazak Corporation
Nakamura-Tome Precision Industry Co., Ltd.
Jyoti CNC Automation Ltd.
Tongtai Machine & Tool Co., Ltd.
Takisawa machine tool co., ltd.
Trevisan Machine Tool.
Okuma India Pvt. Ltd.
DMG Mori Co., Ltd.
Toyoda, Hyundai WIA,
Hwacheon Machine Tools
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Table of Contents
Chapter 01: executive summary
Chapter 02: scope of the report
Market overview
Market size estimation
Segmentation by end-user
Segmentation by geography
Vendor analysis
Top-vendor offerings
Chapter 03: market research methodology
Research methodology
Economic indicators
Chapter 04: introduction
Key market highlights
…
Chapter 12: market trends
Introduction of hybrid multi-tasking machine tools
Emergence of 3d printing
Surge in automation
Chapter 13: vendor landscape
Competitive scenario
Other prominent vendors
Chapter 14: key vendor analysis
Doosan machine tools
Mazak
Nakamura-tome precision industry
Okuma corporation
Tsugami
Chapter 15: appendix
List of abbreviations
Chapter 16: explore technavio
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