Technavio projects the Metal Machining Market to increase by USD 18.43 billion at a CAGR of 4.03% from 2023 to 2028. The market’s growth is attributed to rising demand within the oil and gas sector, expansion in metal machining facilities, and growing investments in infrastructure projects. Technological advancements in automation and precision engineering, coupled with the rise in electric vehicle production, further propel this growth. Emerging technologies such as CNC machine tools and 3D printing enhance efficiency, with significant demand coming from aerospace and automotive sectors.

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