Research and Markets: Machine Tool Market in Japan Forecasts to 2016: Market in Japan is Currently Growing at a Steady Pace
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dtt829/machine_tool) has announced the addition of the "Machine Tool Market in Japan 2012-2016" report to their offering.
The analysts forecast the Machine Tool market in Japan to grow at a CAGR of 6.25 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from emerging nations. The Machine Tool market in Japan has also been witnessing production bases being shifted to emerging countries. However, the increasing threat from the market in China could pose a challenge to the growth of this market.
The key vendors dominating this space include JTEKT Corp., Mori Seiki Co. Ltd., Okuma Corp., and Tsugami Corp.
The other vendors mentioned in this report are Makino Milling Machines Co. Ltd. and Toshiba Machines.
Commenting on the report, an analyst from the team said: The Machine Tool market in Japan is currently growing at a steady pace. Major players such as JTEKT, Mori Seiki, and Okuma Corp. are attempting to expand their presence in the market to take an advantage of the market potential. Moreover, a number of mergers and acquisitions and other collaborations are taking place in the market, with many big players and emerging vendors considering this lucrative strategy to acquire larger share in the market. This approach also enhances the vendors' distribution channels and improves their market reach. Thus, mergers and acquisitions will help the companies in this market remain competitive, while consolidating their position at the same time.
According to the report, one of the main drivers in this market is the increasing demand for machine tools from emerging nations. Post the global economic recession and the Great East Japan Earthquake, many organizations have been expanding their manufacturing operations across the globe.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Toshiba Machines, and Makino Milling Machines Co. Ltd
For more information visit http://www.researchandmarkets.com/research/dtt829/machine_tool
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