Albany, NY -- (SBWIRE) -- 09/05/2017 -- Material removal tools are extensively used in the shaping and cutting of metals and other materials to obtain the desired product specifications. These tools are primarily used in the manufacturing of critical components with great accuracy and ease. Based on the mode of operation, material removal tools can either be conventional or numerically controlled. Material removal tools include products such as power tools, machining centers, grinding machines, and turning machines, which are widely used in many end-user industries.

Technavios analysts forecast the global material removal tools market to grow at a CAGR of 6.04% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global material removal tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of machine tools and the power tools.

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

Global Material Removal 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
DMG MORI
Dalian Machine Tool Group (DMTG)
Makita
Robert Bosch
SMTCL

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Other prominent vendors
Allied Machine & Engineering
Amada
Atlas Copco
BAIER
Beijing No.1 Machine Tool
Casals
Craftsman
Doosan Infracore
Fair Friend Group
FANUC
Freudenberg
GF Machining Solutions
Haas Automation
Hardinge
Hilti
JTEKT
Kennametal
Komatsu
MAKINO
Sandvik

Market driver
Growing need to develop superior-quality products
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Market challenge
Fluctuations in raw material prices
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Market trend
Additive manufacturing
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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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