Machine Tools

Machine Tools Market Revenue to Hit US$ 115 Billion by 2030 Machine Tools Market (By Product: Laser Machines, Lathe Machines, Grinding Machines, Welding Machines, Winding Machines and Milling Machines; By Application: Construction Equipment, Automotive, Industrial, Aerospace & Defense, and Power & Energy; By Technology: CNC and Conventional) - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 - 2030

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[150+ Pages Report] The machine tools market is expected to exhibit a CAGR of 4.4% from 2021 to 2030 and is projected to reach US$ 115 Billion by the end of 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global machine tools market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global machine tools market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the machine tools industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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.

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Report Coverage:

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

Report 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

Regional Snapshots

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. China is one of the chief consumers of machine tools and is accelerating the market growth in Asia Pacific. Growth of automotive sector in APAC had an optimistic impact on the machine tools area, as automotive manufacturers have been seeking to upgrade and increase capabilities. This trend is likely to endure in the future as well, with MNCs such Nissan, as BMW, Audi, Renault seeking to establish themselves in the Indian market. Such development indirectly supports the demand for various machine tools in this region.

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. Asia is one of the largest automotive producer and China has slowly initiated its production actions with lowest workforce. This initiative will help to rebound machine tool market in this region during years to come.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global machine tools market are as follows:

  • 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)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global machine tools market. It examines trends and factors influencing demand for machine tools globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for machine tools across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on machine tools. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global machine tools market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for machine tools are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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

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Precedence Research

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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