Machine Tool Market
Machine Tool Market Study by Metal Cutting and Metal Forming for Automotive & Transportation, Electrical & Electronics, Machinery, and General Manufacturing from 2024 to 2034
Analysis of Machine Tool Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Machine Tool Market Outlook (2024 to 2034)
Worldwide sales of machine tools are expected to reach US$ 71.6 billion in 2024. The global machine tool market has been forecast to expand at a 5.1% CAGR and ascend to a valuation of US$ 117.74 billion by the end of 2034.
Machine tools are equipment used to handle and machine metal or other hard materials. Milling machines are extremely adaptable and assist in a wide range of tasks such as drilling, gear cutting, filleting, turning, and chamfering, among others. They also come with a few cutting and shaping tools. Simply put, machine tools are devices that make human labor easier.
Machine tool market growth is being driven by technological improvements in machine tools, such as robotic and multi-axis arms, as well as manufacturing industry expansion. The Industry 4.0 movement is gaining traction in the manufacturing sector, and it is also influencing the market to become a component of smart systems. Industry 4.0 has the potential to enhance machine tool utilization in manufacturing operations by reducing idle time, which is boosting demand for these products.
Key Market Growth Drivers
- Machine tools aid in abrading, molding, grinding, sculpting, cutting, drilling, and nibbling metal or other hard materials.
- Machine tools also aid in reducing the amount of human labor necessary while cutting and increasing overall production.
- Another primary factor that is driving market expansion is the growing need for industrial automation. The market is being positively impacted by rising demand for high quality, great productivity, and shorter cycle times.
- Rising demand for mass production across various industries such as aerospace & defense, automotive & transportation, electrical & electronics, and many others.
- The market is growing steadily as a result of the increasing demand for metal-cutting tools brought on by the use of metals in various industries.
- Various uses of machine tools, such as drilling, cutting, planning, surface finishing, and manufacturing parts production, are boosting their adoption.
- The machine tool market size is expanding at a steady pace as products such as numerical control are making it easier to produce consistent goods.
- Growing demand for high-volume and precisely engineered items is driving the need for machine tools.
| Report Attribute | Detail |
|---|---|
| Machine Tool Market Size (2024E) | US$ 71.6 Billion |
| Forecasted Market Value (2034F) | US$ 117.74 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| East Asia Market Share (2024E) | 29.9% |
| North America Market Value (2024E) | US$ 16.25 Billion |
| Metal Cutting Segment Value (2034F) | US$ 92.55 Billion |
| Automotive & Transportation Segment Value (2034F) | US$ 48.98 Billion |
| Key Companies Profiled | Trumpf; Schuler AG; Makino; Mitsubishi Heavy Industries Machine Tools Co., Ltd.; Doosan Machine Tools Co., Ltd.; Yamazaki Mazak Corporation; Hyundai WIA; Okuma Corporation; Chiron Group SE; DN Solutions; Amera Seiki. |
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Why is Adoption of Machine Tools Gaining Traction in Various Industries?
“Integration of CNC, AI, and IoT in Machine Tools”
Machine tools are becoming more precise, versatile, and high-performing due to constant advancements in technology, especially the combination of CNC (computer numerical control), IoT (Internet of Things), and AI (artificial intelligence). Highly precise and automated machining operations are made possible by CNC technology, and real-time data analysis and monitoring for increased productivity and preventive maintenance are made possible by IoT.
AI improves process optimization and decision-making, resulting in industrial systems that are more intelligent and adaptable. With consideration of all these aspects, these are improving machine tools' capabilities to the point where they are essential to contemporary manufacturing and raise consumer demand.
What are the Main Issues Seen in This Market Landscape?
“Continuous Maintenance Expenditure and High Cost of Part Replacements”
For machine tools to continue operating at excellent efficiency and precision, they require regular maintenance costs and experienced operators. The continuous expenses of maintaining the machine tools are hampering their adoption in various industries and companies, especially start-ups. Other than maintenance expenses, the high cost of labor and replacement parts is further negatively impacting machine tool market growth. These additional costs increase the overall cost of ownership of the machine tool, which is becoming a key restraint in adoption, especially for small and medium-sized enterprises (SMEs) with more limited funding.
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Country-wise Insights
East Asia is poised to hold 29.9% of the worldwide machine tool market share in 2024. Sales of machine tools in the North American region are forecast to rise at a 5.2% CAGR through 2034. The defense, aerospace, and automobile sectors in North America have been the primary drivers of demand for metal-forming machine tools, as the need for fabricated metal products is significant in these industries.
Why are Machine Tool Manufacturers Focusing on the United States?
“Well-Established Automotive, Electronics, and Aerospace Sectors”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 13.23 Billion |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 21.87 Billion |
The manufacturing sector in the United States is strong and encompasses important industries such as electronics, automotive, and aerospace & defense. These industries mostly rely on advanced and accurate machine tools for their manufacturing operations. High-quality machinery is essential to these industries' ongoing expansion and innovation to maintain competitive advantages and satisfy rising production demands. This is a key machine tool market trend in the country.
The market is also driven by the rising demand for fabricated metals in the United States. Increased demand for electric vehicles (EVs), self-driving cars, and trucks is boosting the use of these products in the country.
- In March 2023, to increase its footprint throughout the United States, Yasda Precision Machining Tools entered into a partnership with Methods Machine Tools as a provider for precision machining centers.
What Makes South Korea a Key Market for Machine Tool Suppliers?
“Dependability on Machine Tools to Produce Products That Meet International Standards”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 4.58 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 7.87 Billion |
The strong export-oriented economy of South Korea, particularly in the heavy and high-tech sectors, is driving the need for superior machine tools. South Korean industries rely on excellent machining capabilities to produce accurate and reliable products that meet international standards and sustain competitiveness. To achieve the high quality demanded in export markets and maintain products' competitiveness in the international arena, superior machine tools are necessary in the country. Demand for advanced machine tools in South Korea is supported by this emphasis on quality and precision.
Category-wise Insights
Based on end use, the market is segmented into automotive & transportation, electrical & electronics, machinery, general manufacturing & other end uses. Utilization of machine tools in electric and electronics is projected to increase at 5.2% CAGR from 2024 to 2034.
Which Type of Machine Tool Accounts for High Revenue Streams?
“Machine Tools for Metal Cutting Facilitating Production of Precise Components”
| Attribute | Metal Cutting |
|---|---|
| Segment Value (2024E) | US$ 56.13 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 92.55 Billion |
Machine tools for metal cutting are in increased demand due to their important role in precision manufacturing and industrial production. Some examples of metal cutting machine tools are lathes, milling machines, and CNC machines, which are crucial for producing complicated and precise components utilized in various industries such as automotive, aerospace & defense, electrical & electronics, and others. To fulfill tight quality and performance criteria, these sectors require high levels of accuracy and efficiency when cutting and shaping metal parts.
Why are Machine Tools Extensively Used in Automotive & Transportation?
“Machine Tools Supporting Efficient Production of Engine Parts and Transmission Systems”
| Attribute | Automotive & Transportation |
|---|---|
| Segment Value (2024E) | US$ 29.71 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 48.98 Billion |
Requirement for machine tools is rising in the automotive & transportation industries as they require precise and efficient machining methods to produce complicated components such as engine parts, transmission systems, and chassis components. Machine tools are crucial in producing the tight tolerances and high-quality finishes required for these components.
The automotive and transportation industries are distinguished by large production volumes and short product development cycles. Machine tools help manufacturers optimize production processes, shorten lead times, and respond rapidly to changing market needs. Also, advancements in vehicles, such as electric and autonomous cars, require innovative machining solutions to produce specialized components, driving the demand for machine tools.
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Competitive Landscape
The global market for machine tools is highly fragmented with the presence of a large number of local and regional players. Key players in the machine tool market are focusing on launching new products as per the dynamic industry needs as a key strategy to strengthen their footprint and better serve the needs of consumers.
- In February 2024, Nidec Machine Tool introduced a compact, powerful universal head, a light, thin, short, and small product capable of fulfilling various machining needs.
- In February 2024, SMBXL, a prominent technology business assisting MSMEs, created the first online B2B machine tools expo in India. The expo features over 1250 machine tool companies from 106 Indian locations, representing more than 35 different machine tool categories. The event is anticipated to draw 500,000 manufacturers, prospective clients, dealers, and business associates.
- In August 2023, Okuma America Corporation unveiled next-generation machine control for CNC machine tools, offering an improved user experience and high-speed operations for end users.
- In September 2022, DMG MORI CO., LTD developed a blue laser for LASERTEC machines and improved the features of the AM assistant, focusing on showcasing solutions for additive manufacturing.
Fact.MR provides detailed information about the price points of key manufacturers of machine tools positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Machine Tool Market Research
-
By Product Type :
- Metal Cutting
- Machining Centers & Related
- Laser, EDM, & Related
- Lathes
- Metal Forming
- Presses
- Punching & Shearing Machines
- Bending & Forming Machines
- Metal Cutting
-
By End Use :
- Automotive & Transportation
- Electrical & Electronics
- Machinery
- General Manufacturing & Other End Uses
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Product Type
- 6.2. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 7.1. Metal Cutting
- 7.2. Metal Forming
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 8.1. Automotive & Transportation
- 8.2. Electrical & Electronics
- 8.3. Machinery
- 8.4. General Manufacturing & Other End Uses
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Product Type, End Use, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Trumpf
- 19.2. Schuler AG
- 19.3. Makino
- 19.4. Mitsubishi Heavy Industries Machine Tools Co., Ltd.
- 19.5. Doosan Machine Tools Co., Ltd.
- 19.6. Yamazaki Mazak Corporation
- 19.7. Hyundai WIA
- 19.8. Okuma Corporation
- 19.9. Chiron Group SE
- 19.10. DN Solutions
- 19.11. Amera Seiki
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the machine tool market in 2024?
The global market for machine tools is estimated at US$ 71.6 billion in 2024.
What is the future of machine tools for the decade?
Worldwide sales of machine tools are projected to reach US$ 117.74 billion by 2034.
What is the demand growth projection for the global market?
Worldwide demand for machine tools is forecasted to increase at a CAGR of 5.1% from 2024 to 2034.
At what rate is the market forecasted to expand in Japan?
The market in Japan is projected to expand at a CAGR of 5.4% through 2034.
Who are the leading producers of machine tools?
Leading companies in the market are Schuler AG, Makino, Yamazaki Mazak Corporation, Hyundai WIA, and DN Solutions.
What is the projection for the market in East Asia?
The market in East Asia is projected to generate revenue worth US$ 36.62 billion by 2034.
Which machine tool type is most popular?
Metal-cutting machine tools are forecasted to account for 78.6% of the global market share by 2034.
Machine Tool Market