Machine Tool Market to Reach US$245 Billion in 2032 with New, Digitally Focused, Machine Tools Incentivizing Upgrades
LONDON, March 16, 2023 /PRNewswire/ -- The machine tool manufacturing industry is facing a transformative decade, and as manufacturers' needs are more digitally focused, machine tool builders must evolve their products to meet changing market requirements.
- LONDON, March 16, 2023 /PRNewswire/ -- The machine tool manufacturing industry is facing a transformative decade, and as manufacturers' needs are more digitally focused, machine tool builders must evolve their products to meet changing market requirements.
- According to global technology intelligence firm ABI Research, the machine tool market will grow by a CAGR of 4.3% from 2022 to 2032 and reach US$245.2 billion in manufacturing value added.
- These findings are from ABI Research's Digital Transformation in the Metalworking and Machine Tool Industry technology analysis report.
- Based on extensive primary interviews, Technology Analysis reports present in-depth analysis on key market trends and factors for a specific technology.