by Corinne Gangloff
November 22, 2019
Global demand for metal cutting tools is forecast to climb 3.4% per annum through 2023 to $80.9 billion, driven by:
However, functional competition from used and retrofitted equipment is expected to restrain demand for metal cutting tools to some extent. Many smaller and mid-sized producers of durable goods in developing countries will continue to prefer these products to higher end and more expensive tools for some time.
For more information regarding the Global Machine Tools study visit: https://www.freedoniagroup.com/industry-study/global-machine-tools-3806.htm
Contact Corinne Gangloff for an interview with the analyst.
Additional Industrial Components studies can be viewed here:
https://www.freedoniagroup.com/industry-category/comp/industrial-components.htm
Provide the following details to subscribe.