Global machine tool manufacturing market to 2020

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