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Machine Tools Market Development, Trends, Demand and Forecast Till 2027

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First published at 12:36 UTC on May 20th, 2022.

IMARC Group

ivosmith98

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According to the latest report by IMARC Group, the global machine tools market reached a value of US$ 91 Billion in 2021. Machine tools refer to power-driven equipment used to shape or form rigid metals to reduce excess material. Metal cutting, forming and working are some of the commonly available types of machine tools. They consist of ball screws, drilling units, grinding wheels, angle heads, balancing machines, fluid chillers, multi-spindle heads and tapping units.

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