DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Ultra Hard Material Cutting (UHMC) Machine Market 2017-2021" report has been added to Research and Markets' offering.
The global ultra hard material cutting machine market is forecast to grow at a CAGR of 10.07% during the period 2017-2021.
The report, Global Ultra Hard Material Cutting Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the increasing number of mergers and acquisitions. Several local and international vendors are engaged in intense competition, making the market highly fragmented. Therefore, major players in the market are resorting to acquisitions as a strategy to increase their presence within the market. Strategic alliances and mergers and acquisitions are being implemented to access untapped markets. Large and emerging contenders in the market are looking for mergers with smaller players to establish their market presence.
According to the report, one of the major drivers for this market is the rise in automation. Companies are increasingly opting for automation as a way of meeting anticipated quality standards. Also, due to the increase in globalization and population, there is a rise in demand for automation techniques. Investment in the process automation market in the US is increasing and is projected to reach $30 billion by 2021, indicating a growth rate of approximately 5%. This growth is specifically related to sectors, such as technology, software, hardware, services, and the communication protocol used in automation.
Further, the report states that one of the major factors hindering the growth of this market is the growing need for after-sales services. The increased adoption of cutting technology in manufacturing and other industrial processes can be attributed to its enhanced productivity and efficiency. However, to ensure that its efficiency and productivity is not compromised with, a laser cutting machine needs continuous maintenance and servicing, which is inhibiting its adoption among end-users. Even a few hours of machine downtime can result in heavy losses for customers. However, some vendors are unable to provide the rigorous maintenance and support required. This has led to customer dissatisfaction.
- Coborn Engineering
- DMG MORI
- GF Machining Solutions Management
Other prominent vendors
- Beaumont Machine
- Belmont Equipment & Technologies
- Chevalier Machinery
- Current EDM
- Cutlite Penta
- CY Laser
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/pzv7c2/global_ultra_hard
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