Smart Industry (2023-03-16)
According to ABI Research, the machine-tool market will grow by a compound annual-growth rate of 4.3% from 2022 to 2032 and reach US $245.2 billion in manufacturing value-added.
“This is driven by new product design facilitating the need for new machine tools, old equipment reaching the end of its lifecycle and requiring replacement, and new machine-tool solutions being provided and incentivizing upgrades,” explained James Prestwood, industrial and manufacturing-research analyst at ABI Research.
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