Cutting Equipment Market Regulations and Competitive Landscape Outlook by 2026
A cutting equipment or cutting tool, in the context of machining, is any tool that is used to remove some material from the work piece by means of shear deformation. Cutting may be achieved by single-point or multipoint tools. In terms of volume, the global cutting equipment market was pegged at over 3,400 thousand units in 2016 and is expected to reach 4,900 thousand units by 2025, registering a CAGR of 3.93% over the forecast period (2019-2027).
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