Cleveland, Ohio – The "Machine Tool Manufacturing: Global Markets to 2020" report indicates the global market for machine tool manufacturing reached $83.5 billion in 2016. The market should reach $88.2 billion by 2020, growing at a compound annual growth rate (CAGR) of 1.4% from 2016 to 2020.
The report includes:
- An overview of the global market for machine tool manufacturing
- Analyses of global market trends, with data from 2012 through 2016, estimates for 2017, and projections of CAGRs through 2020
- Characterization and quantification of the potential of the market by region and by products
- Market dynamics, including drivers, restraints, trends, and strategies
- Key mergers and acquisitions in the market
- Comprehensive company profiles of major players in the industry
Also covered are some key mergers and acquisitions:
- Stanley Black & Decker acquired Newell Brands' Tools Business
- MBK Partners acquired machine tools business of Doosan Infracore
- 600 Group PLC acquired KONDIA Tools Business
- Allied Machine & Engineering Corp. acquired Superion
- HAIMER Group acquired DMG MORI Microset GmbH
- Schuler Group acquired AWEBA
- Fair Friend Group acquired MAG Group
- Hurco Companies acquired Milltronics Mfg. Co. and Takumi Machinery
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