![]() Get Customization on this Report for Specific Research Solutions – The new DNM series products are designed for faster and precise machining of diverse workpieces. In 2020, Doosan Machine Tools expanded its product portfolio with the introduction of DNM 4500L and DNM 5700L. This newly developed product uses an 8-axis configuration and picosecond lasers to incorporate complex micro geometries in cutting tools ![]() In 2020, United Grinding and Ewag developed a new product, Laser Line Ultra to simplify micro cutting tool production. Prominent machine tools manufacturers are launching new products and capitalizing significantly in their R&D endeavors to bring constant change in their line of products as per the todays dynamic industry trends. Key players in the machine tools market are Product Launches to Remain a Prime Growth Lever However, East Asia is estimated to account for major chunk of demand pie by the end of the forecast periodĪutomotive and transportation segment is projected to create an absolute $ opportunity of ~US$ 7.5 Billion between 20. South Asia is projected to grow 1.2X faster than East Asia. Metal cutting machine tools are projected to surpass market valuation of US$ 94 Billion by the end of 2032.īy end user, Electrical & Electronics anticipated to grow, gaining 171 BPS over the course of forecast duration Key Takeaways of the Machine Tools Market Want A Detailed Understanding of Market Functioning? Request for a Sample Here – This, in turn, is positively influencing the growth of machine tools market. Moreover, technological advancements in the field of manufacturing sectors is rapidly changing the development for machine tools. In addition, the penetration of Industry 4.0 along with Internet of Things is changing the dynamics of machine tools market. The automotive & transportation segment is estimated to be the most lucrative end use capturing 36% of the overall demand pie in the global machine tools market.įurthermore, manufacturers are adopting green manufacturing to reduce the overall operating cost by using energy efficient processes that can drastically reduce energy and utility bills, thus fueling the demand for machine tools with lesser power consumption. 06, 2022 (GLOBE NEWSWIRE) - The global machine tools market was valued at US$ 63 Billion at the end of 2021 and is anticipated to surpass US$ 107.75 Billion by registering a CAGR of 5% by the end of the forecast period 2022-2032. was founded in 2015 and is headquartered in Burlington, Massachusetts.Rockville, Oct. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, research and development, and other industries. Further, it provides binder jetting materials, photopolymer resins, BMD materials, and bioprinting materials. In addition, the company offers various additional DLP solutions, including the P4K platform and the D4K Pro platform, for a range of production volumes, and industrial and healthcare end-use applications S-Max and S-Max Pro platforms, which provides digital casting solutions S-Max Flex platform, a robotic 3D printing solution for digital casting applications S-Print, an entry-level solution for prototypes and small series production in digital casting applications and 3D-Bioplotter platform which offers biofabrication solution. It also provides Xtreme 8K platform, designed for industrial, high-temperature production of end-use photopolymer parts, and uses high-powered light sources with a water-cooled digital light processing (DLP) chip Einstein series, designed for dental professionals which offers 3D printing and Envision One platform, which consists of various models for high-temperature and large part processing, enables high-volume production of end-use photopolymer parts. The company offers Production System, an industrial manufacturing solution Shop System, a mid-volume binder jetting platform X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality Studio System, an office metal 3D printing system and Desktop Metal Furnace, which is paired with the Studio System and binder jetting solutions to create turnkey metal additive manufacturing solutions. manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific.
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