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The United States machine tools market is currently experiencing stable growth. Machine tools operate using numerical control, which helps in achieving maximum product uniformity. These tools assist in cutting, shaping, forming, drilling, grinding, abrading, and nibbling metals or other hard materials. They also aid in minimizing human efforts required during cutting and enhancing the overall productivity.
The escalating demand for fabricated metals in the United States represents one of the key factors stimulating the market growth. Moreover, a significant demand for electric vehicles (EVs), autonomous cars and self-driven trucks is increasing the utilization of machine tools in the country. Apart from this, advancements in hardware and software components of computer numerical control (CNC) machines, coupled with the introduction of multi-axis and robotic arms, are driving the market growth. Furthermore, the setting up of various manufacturing plants is providing lucrative opportunities to players in the United States. However, a temporary closure of various manufacturing units due to the spread of the coronavirus disease (COVID-19) and the imposition of complete lockdown in the country is negatively impacting the market growth. The market is anticipated to experience growth once these restrictions are relaxed. Looking forward, IMARC Group expects the market to exhibit steady growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the United States machine tools market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, tool type, technology type and end use industry.
Breakup by Tool Type:
Breakup by Technology Type:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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