Now Available: Machine Tools Market in China 2015-2019

From: Fast Market Research, Inc.
Published: Mon Sep 07 2015

Machine tools are used to cut and shape metals and nonmetallic materials based on the specifications of a product. They enable manufacturing of critical components with utmost ease and accuracy. These tools include metal cutting machine tools, metal forming machine tools, and machine tools accessories. Companies extensively use them across sectors such as automotive, general machinery, precision engineering, transport, aerospace, and dies and molds.

Technavio's analysts forecast the machine tools market in China to grow at a CAGR of 6.50% during 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "An increased investment in transport infrastructure by the government of China will positively impact the machine tools market. To facilitate smooth transit of goods and services, the government has planned to improve the connectivity between various cities in the central and western regions of China."

According to the report, there has been a surge in the production of supersonic training jets, military helicopters, and unmanned aerial vehicles. In addition, an increased air traffic has created the need to expand the aircraft fleet in the country. Besides, China is planning to replace the aging foreign-made aircraft with indigenously manufactured aircraft.

Further, the report states that the slowdown of the Chinese economy during 2010-2014 hindered the growth of the machine tools market. The reduced manufacturing output due to decreased investment and shutdown of the excess production capacity had cut down the requirement for machine tools. The subsequent slowdown in the real estate industry had been the biggest blow to the market.

The key players in the Machine Tools Market in China are Dalian Machine Tool Group (DMTG), DMG Mori Seiki Aktiengesellschaft, Shenyang Machine Tools (SMTCL). while other prominent vendors include Byjc-okuma (Beijing), FANUC, Shaanxi Qinchuan Machinery Development

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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