DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/8h6wbk/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of the European Computerized Numerical Control (CNC) Machine Tools Market" to their offering.
This research provides a thorough analysis of key market drivers and restraints against a backdrop of the financial turmoil. It also offers overall revenues forecasts until 2015. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: CNC metal cutting machine tools and CNC metal forming machine tools.
Market Overview:
The global economic crisis in 2009 severely affected the European computerized numerical control (CNC) machine tools market, with many end users radically reducing their spending. While recovery in Europe was slower than in other regions, the end of 2010 boded well for further market development.
Emergence of Second-Hand Market Threatens to Cannibalise Sales of Newer Offerings:
A key challenge for manufacturers has been the emergence of a second-hand CNC machine tools market. As a result of the continual replacement of existing equipment with new, improved products, old CNC tooling machines have become available to the second-hand market. End-users who may not have specialised needs, those seeking to purchase their first basic CNC machines and those with limited budgets may prefer to acquire such lower-cost, second-hand equipment.
There are several companies that actually recondition and sell used CNC machines; these machines work just as well as the brand new versions but, obviously, cost considerably less, concludes the analyst. In some European countries, the second- hand market is threatening to undermine the sale of new offerings.
Market Sectors:
Expert analysts thoroughly examine the following technologies in this research:
- CNC metal cutting machine tools
- CNC metal forming machine tools
By End-User:
- Automotive and transportation
- Mechanical engineering
- Aerospace and defence
- Medical
- Power
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Total CNC Machine Tools Market
3.1 External Challenges: Drivers and Restraints
3.2 Forecasts and Trends
3.3 Market Share and Competitive Analysis
4. CNC MetalCutting Machine Tools Breakdown
5. CNC MetalForming Machine Tools Breakdown
6. The Last Word
7. Appendix
For more information visit http://www.researchandmarkets.com/research/8h6wbk/strategic_analysis
Source: Frost & Sullivan