World machine tools market to grow in 2015

World Machine Tools market is projected to reach US$80.7 billion by the year 2015, according to Global Industry Analysts Inc. (GIA).  Refocus on increased productivity and capacity requirements in key end-use markets in the post recession period will push demand for machine tools, as manufacturers begin channelizing investments for global competitiveness.Europe and Asia-Pacific account for a lion’s share of the global machine tools market, as stated by the new market research report. While demand softened across all regional markets, the only bright spots in the market, during the period, have been the developing Asian countries like China, and India, primarily because of the massive levels of decoupling between the developed and developing countries.Meanwhile, the market for metal cutting tools in Asia-Pacific is expected to surge at a CAGR of 6.6% during the analysis period.Air Jordan IV 4 Retro Pinnacle Croc Pony Hair