4% growth

According to the latest market study released by Technavio, the machine tools market in the US is expected to grow at a CAGR of more than 4% through to 2021, largely due to the upward trend in automobile sales. “The flexible investment structure, large consumer base, government incentives and advanced technologies are likely to further boost demand for machine tools in the US automotive market during the forecast period,” says Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for automation research.
For further information www.technavio.com