Toolroom Machine (Machine Tools) Market Demand Would Increase Rapidly

Global Toolroom Machine (Machine Tools) Market: Introduction

A toolroom machine is used to shape metals or other rigid materials by boring, shearing, grinding, cutting, or deforming. Based on mode of operation, machine tools are classified into different types such as conventional and numerically controlled. Examples of machine tools include broaching machines, drill presses, gear shapers, hobbing machines, lathe machines, screw machines, milling machines, shapers, and grinding machines.

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Global Toolroom Machine (Machine Tools) Market: Competition Landscape

In June 2018, Hexagon AB acquired SPRING Technologies, a France- based player specialized in providing integrated solutions for machine tool management
In January 2019, Hoffmann Group introduced three new and innovative cutting tools in the market in India. These include carbide barrel milling cutters, tools for processing threads for a wide range of materials, and cutters for titanium processing.

3M Company

Established in 1902, 3M Company is located in St. Paul, Minnesota (the U.S.). It develops, manufactures, and sells several products. The company primarily operates through four business segments: transportation & electronics, safety & industrial, consumer, and healthcare. The company provides products for use in the manufacturing sector such as abrasives, automotive products, filtration products, and tapes and adhesives.

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AMADA MACHINE TOOLS CO., LTD.

Founded in 1937, Amada Machine Tools Co., Ltd. is located in Kanagawa, Japan. The company is engaged in the development, sale, manufacture, and servicing of machine tools, stamping press machines, and metal-cutting machines. The company also specializes in offering structural steel machines, grinding machines, band saw blades, and machines designed to grind workpieces.