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LONDON--(BUSINESS WIRE)--The global metalworking machinery accessories market size is poised to grow by USD 6.28 billion during 2020-2024, progressing at a CAGR of over 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. The rising demand for fabricated metals from the construction and machinery industries will drive the growth of the global metalworking machinery accessories market during the forecast period. Countries such as Mexico, China, and Canada are constantly increasing their demand for fabricated metal products manufactured in the US. The manufacturing of these fabricated metals requires power tools. These power tools are used to manufacture fabricated metals such as ammunition, small arms, cutlery and utensils, stamped metal products, fasteners, springs, building products, tanks, cranes, and hardware. The rising use of power tools will wear out of the accessories, which will drive the demand for power tool accessories or metalworking machinery accessories which will drive the growth of this market during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights: Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Emergence of adhesive fixturing will be a Key Market Trend One of the key challenges faced by the manufacturers is securing and holding a part in place against machining forces. To overcome such challenges, manufacturers have developed a new work holding solution based on adhesives. This involves the bonding of a part on a machining fixture which can be easily removed by using radiant energy. This solution simplifies the fixturing for delicate and complex-shaped metallic or machined ceramic parts, which in turn, will boost the demand for work holding solutions during the forecast period. Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Metalworking Machinery Accessories Market 2020-2024: Key Highlights Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Metalworking Machinery Accessories Market Size Analysis by Latest Trends 2020 | Global Industry Growth Factors, CAGR Status, Leading Key Players Update