About Machine Tools
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.

Technavio’s analysts forecast the machine tools market in the US to grow at a CAGR of 4.34% during the period 2017-2021.

Covered in this report
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.

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

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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.