Insights on the Machine Tools Global Market to 2026 - Featuring Komatsu, Okuma and Yamazaki Mazak Among Others - ResearchAndMarkets.com
According to industry sources, global light vehicle production units have been remarkable and is expected to continue to grow.
- According to industry sources, global light vehicle production units have been remarkable and is expected to continue to grow.
- APAC is expected to register the highest growth rates in terms of production volumes followed by North America.
- Furthermore, Electric Vehicles sales and manufacturing is increasing at a record pace, which creates a demand for the machine tools and other equipment associated with manufacturing process.
- Machine tools has wide range of applications in automotive industry like CNC milling (gearbox cases, transmission housings, engine cylinder heads, etc.