Albany, NY -- (SBWIRE) -- 03/16/2018 -- CNC machine tools are automated conventional machine tools in which the motion and function are controlled by means of a computer. The computer executes machine control commands to perform machining on a workpiece. This facilitates the production of identical parts in high volumes without compromising on quality. CNC machine tools are broadly classified into CNC lathe machines, CNC milling machines, and others on the basis of operation.

The global CNC machine tools market to grow at a CAGR of 9.02% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global CNC machine tools market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, and value.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavios report, Global CNC Machine Tools Market 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
DMTG
DMG MORI
SMTCL
Yamazaki Mazak

Other prominent vendors
Allied Machine & Engineering
ACE MICROMATIC
Amada
Amera-Seiki
BYJC-OKUMA (Beijing) Machine Tools
Doosan
Doosan Infracore
Enshu
Fair Friend Group
FANUC
GF Machining Solutions
Haas Automation
Hardinge
Heller
HMT
HURCO
HYUNDAI WIA
JIUH-YEH PRECISION MACHINERY (MillStar)
JTEKT
Kennametal
KIWA Japan
Komatsu
Maco
Makino Milling Machine
Matsuura
Micromatic Grinding Technologies
OKK
Sandvik
SISTER MACHINE TECHNOLOGY
SNK
Tongtai Machine & Tools
Toshiba Machine
Toyoda
Yama Seiki
YCM

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Market driver
Multifunctionality in use
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Market challenge
Need for aftersales services
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Market trend
Design of new milling tools
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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?

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