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Machine Tools Market Size To Reach USD 115  billion by 2030

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global machine tools market was evaluated at USD 78.7 billion in 2020 and is speculated to accrue USD 115  billion by 2030, growing at 4.4% CAGR between 2021-2030.

The machine tools market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2030.

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This research report evaluates the machine tools market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global machine tools market for the period from 2017 to 2030.

Growth Factors

Escalating manufacturing sector and technological progressions in machine tools including multi axis and robotic arm are few of the foremost factors boosting the growth of the machine tool industry around the world. The budding demand for metal cutting tools on account of augmented usage of metals in several sectors also promises well for growth of the market. The incorporation of Computer-Aided Manufacturing in machine tools to decrease the time needed for manufacturing work pieces and to safeguard easy production of micro components is evolving as a key trend in the market.

Additionally, manufacturers of machine tools are developing condensed and well-equipped machine tools that can program as per CAM/CAD software. These automatic CNC machine tools comprise tool changer that aids the machine to conduct several operations by means of a single machine. These features related with CNC machine tools rises its demand and certainly impact the machine tools market development.

Market Report Scope

Report Highlights Details
Market Size US$ 115 billion by 2030
Growth Rate CAGR of 4.4% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Application, Technology
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global machine tools market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global machine tools market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • Among technology segments, CNC segment led the global market with more than 75% revenue share in 2019. The intensifying levels of venture funding being established by corporations developing software for CNC machines promise well for the growth of this technology segment
  • Asia Pacific is likely to rule the global machine tools market arena on account of upsurge in the amount of metal cutting process businesses in the major economies of the region
  • Out of different types of machines, laser machines are predicted to record the highest growth rate due to probable ability of the laser technology to safeguard sophisticated precision and better cuts on the surface of the work pieces.
  • Milling machines are projected to produce the major sales revenue in the global market as milling machines are principally employed in the metal cutting process in many sectors
  • Asia Pacific is likely to led the global machine tools market on account of upsurge in the numbers of metal cutting process businesses in this region. APAC is hub for most of the principal machine tool manufacturers and is predicted to rule the marketspace over years to come.
  • Asia Pacific is anticipated to recuperate at a faster growth rate in comparison with other regions post the COVID-19 pandemic crisis throughout the prediction period. Even with COVID-19 outbreak originating from China, the nation has been positively employing strategies to manage the spread.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global machine tools market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the machine tools market include:

  • Doosan Corporation
  • AMADA Co., Ltd.
  • CHIRON Group SE
  • DMG MORI
  • Georg Fischer Ltd.
  • HYUNDAI WIA CORP.
  • JTEKT
  • Okuma Corporation
  • Komatsu Ltd.

Market Segmentation

By Type

  • Laser Machines
  • Lathe Machines
  • Milling Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

By Application

  • Construction Equipment
  • Automotive
  • Aerospace & Defense
  • Power & Energy
  • Industrial
  • Others

By Technology

  • Computer Numerical Control (CNC)
  • Conventional

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the machine tools in 2020?

What is the expected market size by 2030?

What is the machine tools market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the machine tools market?

Why Buy this Report?

The purpose of Precedence Research’s machine tools market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Machine Tools Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Machine Tools Market

5.1. Covid-19: Machine Tools Industry Impact
5.2. Machine Tools Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Machine Tools Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Machine Tools Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Machine Tools Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Machine Tools Market Revenue by Manufacturer (2017-2020)
7.1.1.2. Machine Tools Market Revenue Market Share by Manufacturer (2017-2020)
7.1.1.3. Machine Tools Market Production by Manufacturer (2017-2020)
7.1.1.4. Machine Tools Market Production Share by Manufacturer (2017-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Machine Tools Market, By Product Type

8.1. Machine Tools Market, by Product Type, 2017-2030
8.1.1. Laser Machines
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.1.2. Market Production and Forecast (2017-2030)
8.1.2. Lathe Machines
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.2.2. Market Production and Forecast (2017-2030)
8.1.3. Milling Machines
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.3.2. Market Production and Forecast (2017-2030)
8.1.4. Grinding Machines
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.4.2. Market Production and Forecast (2017-2030)
8.1.5. Welding Machines
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.5.2. Market Production and Forecast (2017-2030)
8.1.6. Winding Machines
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.6.2. Market Production and Forecast (2017-2030)

Chapter 9. Global Machine Tools Market, By Application

9.1. Machine Tools Market, by Application, 2017-2030
9.1.1. Construction Equipment
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.1.2. Market Consumption and Forecast (2017-2030)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.2.2. Market Consumption and Forecast (2017-2030)
9.1.3. Aerospace & Defense
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.3.2. Market Consumption and Forecast (2017-2030)
9.1.4. Power & Energy
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.4.2. Market Consumption and Forecast (2017-2030)
9.1.5. Industrial
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.5.2. Market Consumption and Forecast (2017-2030)

Chapter 10. Global Machine Tools Market, By Technology

10.1. Machine Tools Market, by Technology, 2017-2030
10.1.1. CNC
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.1.2. Market Consumption and Forecast (2017-2030)
10.1.2. Conventional
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.2.2. Market Consumption and Forecast (2017-2030)

Chapter 11. Global Machine Tools Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Production Forecast by Product (2017-2030)
11.1.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.1.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue and Production Forecast (2017-2030)
11.1.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue and Production Forecast (2017-2030)
11.1.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Production Forecast by Product (2017-2030)
11.2.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.2.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Production Forecast (2017-2030)
11.2.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Production Forecast (2017-2030)
11.2.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Production Forecast (2017-2030)
11.2.6.2. Market Revenue and Consumption Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue and Production Forecast (2017-2030)
11.2.7.2. Market Revenue and Consumption Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue and Production Forecast by Product (2017-2030)
11.3.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.3.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue and Production Forecast (2017-2030)
11.3.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Production Forecast (2017-2030)
11.3.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Production Forecast (2017-2030)
11.3.6.2. Market Revenue and Consumption Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Production Forecast (2017-2030)
11.3.7.2. Market Revenue and Consumption Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue and Production Forecast by Product (2017-2030)
11.4.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.4.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue and Production Forecast (2017-2030)
11.4.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue and Production Forecast (2017-2030)
11.4.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue and Production Forecast by Product (2017-2030)
11.5.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.5.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue and Production Forecast (2017-2030)
11.5.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue and Production Forecast (2017-2030)
11.5.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue and Production Forecast (2017-2030)
11.5.6.2. Market Revenue and Consumption Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue and Production Forecast (2017-2030)
11.5.7.2. Market Revenue and Consumption Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. Doosan Corporation
12.1.1. Company Overview, Business Information, Manufacturing Area
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. AMADA Co., Ltd.
12.2.1. Company Overview, Business Information, Manufacturing Area
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. CHIRON Group SE
12.3.1. Company Overview, Business Information, Manufacturing Area
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. DMG MORI
12.4.1. Company Overview, Business Information, Manufacturing Area
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. Georg Fischer Ltd.
12.5.1. Company Overview, Business Information, Manufacturing Area
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. HYUNDAI WIA CORP.
12.6.1. Company Overview, Business Information, Manufacturing Area
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. JTEKT
12.7.1. Company Overview, Business Information, Manufacturing Area
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Okuma Corporation
12.8.1. Company Overview, Business Information, Manufacturing Area
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. Komatsu Ltd.
12.9.1. Company Overview, Business Information, Manufacturing Area
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Makino
12.10.1. Company Overview, Business Information, Manufacturing Area
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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