News
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June 7, 2019
Global toolholders market will top $1 billion by 2019
Global demand for toolholders, specifically arising from the automotive and defense and aerospace industries, will witness a relatively steady growth through 2028, as predicted by Future Market Insights (FMI) in its recently released market intelligence report. While the demand for toolholders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high-performance cutting tools, considering the robust manufacturing and industrial output in the region.