The global machine tools market continues to show robust momentum, driven by innovation, automation, and growing demand across key sectors. Valued at USD 79.17 billion in 2023, the market is forecasted to grow to USD 82.75 billion in 2024, ultimately reaching USD 117.15 billion by 2031. This marks a compound annual growth rate (CAGR) of 5.09 percent over the forecast period, highlighting the...
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