LONDON, Jan. 28, 2016 /PRNewswire/ -- About machine tools Machine tools are used to cut and shape metals and nonmetallic materials based on the specifications of a product. They enable manufacturing of critical components with utmost ease and accuracy. These machine tools can be either conventional or NC based upon their mode of working. These machines tools include machining centers, turning machines, grinding machines, and others. Companies extensively use them across sectors such as automotive, general machinery, precision engineering, transport, aerospace, and dies and molds. Technavio's analysts forecast the machine tools market in Japan to grow at a CAGR of 6.19% over the period 2014-2019. Covered in this report The machine tools market in Japan can be divided into two major segments based on technology: conventional machine tools and NC machine tools. Technavio's report, Machine Tools Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors - Amada machine tools - JTEKT - Komatsu - Yamazaki Mazak Other prominent vendors - Doosan - Fives Group - Flow International - Gleason - Makino Milling Machine - Mitsubishi Heavy Industries - Okuma - Tongtai Machine & Tool - TRUMPF Group Market driver - Stimulus package - For a full, detailed list, view our report Market challenge - Shrinking domestic demand - For a full, detailed list, view our report Market trend - Advances in technology - For a full, detailed list, view our report Key questions answered in this report - What will the market size be in 2019 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?