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Japan machine tool market: 6.3% CAGR growth expected between 2012-2016

Press Release   •   Aug 21, 2013 15:54 BST

The Japan machine tool market is to grow at a CAGR of 6.25 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from emerging nations. The Machine Tool market in Japan has also been witnessing production bases being shifted to emerging countries. However, the increasing threat from the market in China could pose a challenge to the growth of this market.

The Machine Tool market in Japan is currently growing at a steady pace. Major players such as JTEKT, Mori Seiki, and Okuma Corp. Are attempting to expand their presence in the market to take an advantage of the market potential. Moreover, a number of mergers and acquisitions and other collaborations are taking place in the market, with many big players and emerging vendors considering this lucrative strategy to acquire larger share in the market. This approach also enhances the vendors' distribution channels and improves their market reach. Thus, mergers and acquisitions will help the companies in this market remain competitive, while consolidating their position at the same time.

One of the main drivers in this market is the increasing demand for machine tools from emerging nations. Post the global economic recession and the Great East Japan Earthquake, many organizations have been expanding their manufacturing operations across the globe.

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