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Machine-tool market to reach US$ 245 billion in 2032

The machine-tool manufacturing industry is facing a transformative decade and as manufacturers’ needs are more digitally focused, machine-tool builders must evolve their products to meet changing market requirements.  According to global technology intelligence firm ABI Research, the machine tool market will grow by a CAGR of 4.3% from 2022 to 2032 and reach US$ 245.2 billion in manufacturing value added.

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