Metal Forming Tools Market � Analysis and Demand with Forecast Overview to 2029

Manju Gupta01 Aug, 2022News

The metal forming machine tools market accounted for US$ 33.8 billion in 2019 and is estimated to be US$ 55.1 billion by 2029 and is anticipated to register a CAGR of 5.10%. The report "Global Metal Forming Tools Market, By Type (Bulk forming, Shear forming, others), By Application (Automotive, Manufacturing, Precision Engineering, Construction, Aerospace & Defense, Other) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029?. Key Highlights: ? In April 2019, Makino Milling Machine Company has launched a new EDM machine whose main objective was rough machining using a forged stock. This machine tool category is much more flexible and durable than the old traditional tools used in the industries and is equipped with high automation technology. These new launches are very compatible and thus can be easily utilized and reduce the wage cost to minimum.