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NEW YORK, Oct. 19, 2022 /PRNewswire/ -- The CNC machine tools market is growing at a CAGR of 9.19% and is expected to register a market size growth of USD 28.18 billion from 2021 to 2026. The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

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The CNC lathe machines market is analyzed across five regions, namely APAC, Europe, North America, South America, and the Middle East and Africa. APAC is the dominating region and is expected to account for 39% of the global market share during the forecast period. The high demand for CNC machine tools in APAC is attributed to the growth of the automotive and industrial sectors.

The CNC machine tools market is fragmented, and the vendors are adopting organic and inorganic growth strategies to compete in the market. The key offerings of some of the major vendors are listed below:

The CNC machine tools market is expected to witness substantial growth during the forecast period, primarily owing to the advantages over conventional machines. CNC machine tools are replacing conventional machines at a fast rate, as they offer advantages such as reduced cycle time, lower labor costs, and easy reproduction of parts. Moreover, CNC machine tools can be reprogrammed in a short span of time, which gives them the ability to switch from manufacturing one part to another quickly. These can store all the programs that can be used in the future. These factors will support market growth during the forecast period.

Commercial Sous Vide Machine Market by Product and Geography - Forecast and Analysis 2022-2026: This report extensively covers market segmentation by product (water bath type sous vide machines and immersion type sous vide machines) and geography (North America, Europe, APAC, Middle East and Africa, and South America). 38% of the market's growth will originate from North America during the forecast period. The market share growth by the water bath type sous vide machines segment will be significant.

The CNC machine tools market is segmented by product into CNC lathe machines, CNC milling machines, and others. The CNC lathe machines segment is expected to be the largest segment of the global CNC machine tools market during the forecast period. CNC lathes are used to produce plane surfaces, screw threads, and complex 3D products. CNC lathe machines are preferred over conventional lathes, as they can produce identical parts in large volumes.

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The report also covers information on the upcoming trends and challenges that will influence the market growth. Explore additional information by Downloading a FREE PDF Sample Report

AMADA Co. Ltd., DMG MORI Co Ltd, DN Solutions Co. Ltd., Ellison Technologies Inc., FANUC Corp., Georg Fischer Ltd., Hurco Companies Inc., Hyundai Wia Corp., JTEKT Corp., Komatsu Mining Corp., Meredith Machinery, Micromatic Machine Tools Pvt. Ltd., Sandvik AB, Shibaura Machine Co. Ltd, TRUMPF GmbH Co. KG, 600 Group Plc, Haas Automation Inc., Allied Machine and Engineering Corp., and Makino Inc.

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Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the CNC machine tools market report:

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