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The global machine tools market size is anticipated to register a significant CAGR of over 4% during the forecast period 2021 to 2027. By product type, the lathe machine is one of the segments is accounted to hold the largest revenue share in 2020 owing to the increasing adoption of the product. Based on the end-use, the automotive segment held the largest revenue share of the market due to the increasing demand for the product in the automotive industry in various applications. Geographically, the Asia Pacific dominated the global market with more than one-third market share in 2020 and is ex
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