Metal Forming Machine Tools Market to Grow by USD 5.8 Billion (2024-2028) as Global Industrial Automation Expands, AI-Driven Insights - Technavio

Barchart · 10/15 18:56

NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global metal forming machine tools market size is estimated to grow by USD 5.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.05%  during the forecast period. Large-scale industrial automation worldwide is driving market growth, with a trend towards government initiatives to promote machine tools industry. However, fluctuating raw material prices  poses a challenge. Key market players include Accurl CNC Machine Anhui Manufactory Co. Ltd., Accurpress Product Sales, AMADA Co. Ltd., Andritz AG, Betenbender Manufacturing Inc., CINCINNATI Inc., DMG MORI Co. Ltd., ECKOLD AG, FAGOR ARRASATE S.COOP., Haas Automation Inc., Hyundai Wia Corp., JIER Machine Tool Group Co. Ltd., Komatsu Ltd., Lodesani and Carreri Srl, Mitsubishi Corp., MONDRAGON Corp., Nidec Corp., Santec Exim Pvt. Ltd., Sumitomo Heavy Industries Ltd., and TRUMPF SE Co. KG.

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