Technavio has announced its latest market research report titled global machine tools market 2020-2024. (Graphic: Business Wire) Technavio has announced its latest market research report titled global machine tools market 2020-2024. (Graphic: Business Wire) LONDON–(BUSINESS WIRE)–The global machine tools market is poised to grow by USD 19.02 billion during 2020-2024 at a CAGR of almost 4% during the forecast period. Request Free Sample Pages Read the 155-page research report with TOC on “Machine Tools Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by End-user (Automotive, Industrial machinery, Precision engineering, Transportation, and Others), and Segment Forecasts, 2020-2024″. The growing demand for CNC machines and rising adoption of integrated digital solutions in machine tools are factors anticipated to boost the growth of the market. CNC machines are preferred over conventional machine tools because they boost the efficiency of production and minimize the cost of manufacturing by performing multiple operations in short cycle time. For instance, a 6-axis CNC milling machine is used for machining cast iron,...