17th October 2018 – Global CNC Honing Machine Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The factors that propel the growth of the market include increasing demand, rapid urbanization & industrialization, technological innovations and wide range of applications. On the other hand, there are also factors that may hamper the growth of the market such as high cost of these machines. CNC Honing Machine Market is classified on the basis of product type, applications, distribution channel and geography. The industry is segmented by product type as vertical honing machines, horizontal honing machines and others.
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CNC Honing Machine Market is classified on applications as automobile industry, bearing, space, tractor industry, and others. CNC Honing Machine Market is segmented by distribution channel as online stores, specialty stores and others. The market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
Some of the key players that fuel the growth of the CNC Honing Machine Market include AZ spa, Nagel Precision Inc., KADIA Production, Schlafli Engineering AG, Gleason, Pemamo Honing, Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd, Ohio Tool Works, Urschel Laboratories, Gehring, Sunnen Products Company, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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