DUBLIN--(BUSINESS WIRE)--The "CNC Machine Tool-Global Market Trajectory and Analysis" report has been added to ResearchAndMarkets.com's products.

During the COVID-19 crisis, the global CNC machine tool market in 2020 is estimated to be 15.1 billion U.S. dollars, and is expected to reach a revised 19.6 billion U.S. dollars by 2027, growing at a compound annual growth rate of 3.9% during the 2020 analysis period-2027.

Lathe is one of the market segments analyzed in the report. It is expected that by the end of the analysis period, the compound annual growth rate will reach 3.3% and reach 7.8 billion US dollars. After an early analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the mill sector was re-adjusted to a revised compound annual growth rate of 4.7% over the next 7 years.

The US market is estimated to be USD 4.1 billion, while China is expected to grow at a compound annual growth rate of 7%

The U.S. CNC machine tool market is estimated to be USD 4.1 billion in 2020. China is the world's second largest economy. It is estimated that by 2027, the market size is expected to reach 4.1 billion U.S. dollars, with a compound annual growth rate of 6.9%. The analysis period is from 2020 to 2027. Other notable geographic markets include Japan and Canada, which are expected to grow by 1.2% and 2.9% respectively between 2020 and 2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 2%.

The compound annual growth rate of the grinding machine sector reached 4%

In the global grinding machine segment, the United States, Canada, Japan, China and Europe will drive the segment’s expected compound annual growth rate of 3.5%. By 2020, the total market size of these regional markets will reach 2 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 2.6 billion U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$2.8 billion by 2027, while Latin America will grow at a compound annual growth rate of 5% during the analysis period.

For more information about this report, please visit https://www.researchandmarkets.com/r/mq3rs6

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900