The Asia-Pacific (Ex. China) Machine Tool Market is expected to grow by US$ 2.58 billion during 2020-2026, progressing at a CAGR of 4.1% during the forecast period. Japan is expected to hold the highest share in the Asia-Pacific (Ex. China) machine tool market, while Vietnam is expected to grow at the highest CAGR during the forecast period.

This industry report offers market estimates and forecasts of the Asia-Pacific (Ex. China) market, followed by a detailed analysis of the product types, applications, and countries. The Asia-Pacific (Ex. China) market data on machine tool can be segmented by product types: metal cutting, and metal forming. The metal cutting is projected to grow at the highest CAGR during the forecast period. Machine tool market is further segmented by applications: aerospace and defense, automotive and transportation, electrical and electronics, energy, engineering and construction, and others. In 2019, the engineering and construction segment held the largest share of the market, and the automotive and transportation segment is anticipated to register the highest CAGR during 20202026.

The study provides historical market data (2016-2019) and forecasts from 2020 till 2026. The market size and estimations are provided in terms of revenue (million USD) considering 2019 as base year and market forecast will be given from 2020 to 2026.

The data-centric report focuses on market trends, status and outlook for segments, and future growth. With comprehensive market assessment across the major geographies such as Australia, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, Vietnam, and Others the report is a valuable asset for the existing players, new entrants and the future investors.

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