Albany, NY -- (SBWIRE) -- 08/12/2016 -- Machine tools are used to cut and shape metals and nonmetallic materials based on the specifications of a product. They enable manufacturing of critical components with utmost ease and accuracy. These tools include metal cutting machine tools, metal forming machine tools, and machine tools accessories. Companies extensively use them across sectors such as automotive, general machinery, precision engineering, transport, aerospace, and dies and molds.

The machine tools market in China to grow at a CAGR of 6.50% during 2014-2019. The machine tools market in China can be segmented into four end-user segments: automotive sector, general machinery sector, precision engineering sector, and transport machinery sector.

Technavio's report, Machine Tools Market in China 2015-2019, 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 in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- Dalian Machine Tool Group (DMTG)
- DMG Mori Seiki Aktiengesellschaft
- Shenyang Machine Tools (SMTCL)

Other prominent vendors
- Byjc-okuma (Beijing)
- FANUC
- Shaanxi Qinchuan Machinery Development

Market driver
- Growing aerospace and aviation industry in China
- For a full, detailed list, view our report

Market challenge
- Slump in Chinese economy
- For a full, detailed list, view our report

Market trend
- Heavy investments in transport infrastructure
- 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 2019 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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