Latest Breaking News On - Machine market size - Page 5 : comparemela.com

Share: Pune, India, June 04, 2021 (GLOBE NEWSWIRE) The global CNC machine market size is expected to gain momentum by reaching USD 128.41 billion by 2028 while exhibiting a CAGR of 6.3% between 2021 and 2028. Fortune Business Insights in its report, titled CNC (Computer Numerical Control) Machine Market, 2021-2028. , observes that the market stood at USD 81.95 billion in 2020. Factors such as the increasing deployment of modern technologies such as artificial intelligence and the internet of things (IoT) will propel the adoption of the product across the globe. The catastrophic effect of the COVID-19 pandemic has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.

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