Albany, NY -- (SBWire) -- 10/27/2017 --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.

The machine tools market in the US to grow at a CAGR of 4.34% during the period 2017-2021. 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.

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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

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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?
- 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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