The global computer numerical control machines market size was valued at USD 63.16 billion in 2018 and is expected to expand at a CAGR of 7.0 from 2019 to 2025. Rapid advancements in production technology have led to a reduction in the time required for manufacturing components along with the ability to produce components with better surface finish
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Get PriceDemand for machine tools in China is forecast to increase 9.2 percent per annum to ¥600 billion in 2017. Both metal cutting and forming machine tools and machine tool accessories will grow at a similarly strong pace. Transportation equipment and electrical/electronic equipment manufacturing will be the fastest growing markets.This study analyzes the ¥386 billion machine tool industry in China.
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