LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their ‘Machine Tools Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the utilities industry. This report breaks down the data and analysis behind the procurement of machine tools and acts as an all-inclusive guide for making smart purchasing decisions.
“The growth of end-user industries such as aerospace and automotive will influence the growth of the machine tools category,” says SpendEdge procurement analyst Tridib Bora. “Also, the rise in production facilities and the expansion of manufacturing plants will drive the growth of the market in the APAC region,” added Tridib.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Machine Tools Market:
- Increasing use of automation across different machine tools
- Rising focus on sustainability during procurement of machine tools
- Incorporation of 3D printing technology for machine tools manufacturing
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Increasing use of automation across different machine tools
In the recent years, the machine tools category is shifting toward automation. The buyers in the market are increasingly adopting automated machine tools to reduce the spend on human resource. With the help of automation, the buyers can minimize their labor costs.
Rising focus on sustainability during procurement of machine tools
Globally, the buyers are focusing on the procurement of environmental-friendly machine to reduce the increasing carbon footprints. This facilitates synergies among the buyers and suppliers to reduce the overall carbon footprint.
Incorporation of 3D printing technology for machine tools manufacturing
The suppliers in the machine tools category are incorporating 3D printing technology for fabricating and manufacturing machine tools. This helps the suppliers improve the efficiency of buyers production process.
View our report snapshot to gain detailed insights into the current market trends.
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