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Kennametal Reports Q4 and Fiscal 2021 Results; Announces Share Repurchase Program
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Overhead Conductor Market worth $950 million by 2027, Says GMI
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Woodworking Machinery Market to Exhibit 3 9% CAGR by 2028
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Kiosk Market to Soar at 12 3% CAGR till 2028; Growing Emphasis on Elevating Service Delivery Efficiency in Emerging Economies to Accelerate the Market Expansion
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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.