According to the latest market study released by London-based Technavio, the machine tools market in the U.S. is expected to grow at a CAGR of more than 4 percent in the next four years.
This research report, titled “Machine Tools Market in the U.S. 2017-2021,” provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecast for various market segments and all geographical regions.
Machine tool applications are categorized in the report by metal cutting machine tools, metal forming machine tools, and other accessories. The metal cutting machine tools segment dominated the market in the U.S., with a market share of about 51 percent in 2016, primarily because of the higher demand for industrial metal cutting applications.
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