Boring Tools Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Allied Machine & Engineering Corp. and Berkshire Hathaway Inc. | Technavio
LONDON–(BUSINESS WIRE)–The global boring tools market is expected to grow by USD 973.24 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
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Read the 120-page report with TOC on “Boring Tools Market Analysis Report by End-user (Transportation, General machinery, Precision engineering, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024”.
The market is driven by the emergence of CNC-based boring tools. In addition, the growth of metal cutting tools in India is anticipated to boost the growth of