Machine Tool Market - Global Industry Analysis

Machine Tool Market By Product Type (Milling Machines, Drilling Machines, Grinding Machines, Electrical Discharge Machines), By Automation Type (CNC Machine Tools, Conventional Machine Tools), By Industry Segment (Automotive and Transportation, Sheet Metals, Capital Goods, Energy), By Sales Channel (Events and Exhibitions, Dealers and Distributors), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.

Published Date: 08-Aug-2022 Category: Heavy Industry Report Format : PDF Pages: 210 Report Code: ZMR-5982 Status : Published

The global machine tool market size was worth USD 77.90 billion in 2021 and is estimated to grow to USD 92.47 billion by 2028, with a compound annual growth rate (CAGR) of approximately 2.90 percent over the forecast period.

Description

Industry Perspective:

The global machine tool market size was worth USD 77.90 billion in 2021 and is estimated to grow to USD 92.47 billion by 2028, with a compound annual growth rate (CAGR) of approximately 2.90% over the forecast period. The report analyzes the machine tool market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the machine tool market.

Machine Tool Market: Overview

Machine tools are quite flexible and can carry out several tasks, including filleting, turning, chamfering, drilling, and gear cutting. Machine tools are the instruments used for handling machining metal or other hard materials. They also contain a few cuttings and shaping tools. Machine tools, to put it simply, are devices that make people's jobs easier. All machine tools have some method of limiting the workpiece and the guided movement for the components. Machine tools are driven by electricity or hydraulics rather than human muscles. Machine tool manufacturers focus on producing products with minimal maintenance requirements. There are essentially two types of machine tools: CNC and conventional. Due to their great efficiency, productivity, and precision, CNC machine tools are now favored by consumers or end users more than other types of equipment. One of the popular product types for cutting metal is the milling machine. A milling machine is capable of a wide range of operations, including turning, chamfering, cutting gears, and filleting. Additionally, the rise of the global metalworking process sectors has stimulated a need for milling machines, which in turn has fueled the global machine tool market's expansion. The need for automated machine tools has increased due to the expansion of the manufacturing industry, and this demand is anticipated to drive the market for CNC machine tools. On the other hand, high-end machine investment costs and trade restrictions between nations are anticipated to limit market expansion. In the next years, the machine tool market is expected to face challenges due to the high maintenance costs of this equipment.

COVID-19 Impact:

Nearly every continent on earth has been affected by the terrifying COVID-19 epidemic. The pandemic has significantly influenced the imports and exports of machine tools in several important nations. Prominent manufacturers are simultaneously deciding how best to address a potential interruption to the supply chain in the global machine tools industry. It is anticipated that the external shock caused by this worldwide pandemic would accelerate the current downward trend in demand for machine tools. Due to limited sales activity in several countries throughout the world, machine tool makers suffered income losses. The pandemic significantly negatively impacted the machine tools industry's main market, the automotive and auto component industry. Global supply chains have faced considerable hurdles as a result of the epidemic.

Global Machine Tool Market

Key Insights

  • The global machine tool market value is predicted to grow at a CAGR of 2.9% over the forecast period.
  • The machine tool market was worth USD 77.90 billion in 2021 and is estimated to grow to USD 92.47 billion by 2028.
  • One of the key factors driving the expansion of the machine tool market is the demand for industrial automation. The market benefits from the rise in demand for high productivity, high quality, and short cycle times.
  • The main drivers of this market are technological advancement, better training facilities, and rapid industrial development, particularly in emerging economies. The market is comprehensively evaluated in the study on the global machine tools market.
  • Based on industry segment, the automotive & transportation category is anticipated to account for the majority of value during the projected period across all industry segments.
  • The Asia Pacific leads the global machine tool market.

Machine Tool Market: Growth Drivers

Increasing use of hybrid machine tools and additive manufacturing is driving the market growth

A growth in additive manufacturing is driving the global machine tool market. Businesses are using additive manufacturing more frequently as they embrace efficient and quick production methods. The market is also anticipated to grow as a consequence of the growing need for the capacity to generate heterogeneous materials. As a result, the manufacturers of CNC materials aim to include additive manufacturing in their operations.

Machine Tool Market: Restraints

Market expansion is being hampered by social and economic uncertainty

Changes in the status of the global economy are impeding the market. The amount spent in the industrial sector is directly correlated with the sales of these tools. Therefore, a slowdown in the global economy is anticipated to directly impact the income of machine tools. The significant use of machinery in the industry means that changes in the automobile sector also greatly influence the machine tools sector. However, the developments in the automobile industry's capital spending greatly influence market revenue. Unexpected shifts in a nation's political, social, or economic conditions can also have an effect on the development of the market's income.

Machine Tool Market: Opportunity

The fully automatic CNC machine tools include tool changers that let them perform several jobs with only one machine

The characteristics of CNC machine tools improve their demand and positively impact the expansion of the global machine tools market. The demand for machine tools is anticipated to increase due to the expansion of existing production facilities and the construction of new factories in a number of end-use industries, including the automotive, railroad, aerospace, and defense sectors. This factor is expected to accelerate the market growth for machine tools throughout the course of the assessment period. Fixed and heavy-duty machine tool MRO (maintenance, repair, and operations) presents growth opportunities in terms of producing more sales revenue for machine tool vendors.

Machine Tool Market: Challenges

Industries that produce capital goods are vulnerable to global economic downturns

The capital goods industry is sensitive to global economic downturns. This is especially true for the machine tool sector, rendering it susceptible to changes in the economy because machine tools are primarily employed to generate other capital goods. Most machine tool market builders cited the current economic slowdown brought on by the epidemic and other negative repercussions as their major obstacles. Also, global economic growth slowed due to increased economic uncertainty brought on by geopolitical developments like the US-China trade war and Brexit. The industry for machine tools and the export of machine tools were impacted by import tariffs on machinery, metal components, and raw materials. At the same time, the market faced competition from an increasing number of low-quality category rivals, mostly from China.

Machine Tool Market: Segmentation

The global machine tool market is segregated on the basis of product type, automation type, industry segment, sales channel, and region.

Milling machines is expected to provide the largest sales revenue

Based on product type, the market is segmented into milling machines, drilling machines, grinding machines, and electrical discharge. Milling machines are primarily employed in the metal cutting process in many different sectors. The global development of sectors that deal with metalworking processes has sparked the need for milling machines. Milling machines are quite adaptable and can carry out a wide range of tasks, including filleting, turning, chamfering, drilling, and cutting gears. These devices are also capable of making several cuts with different cutters. These benefits make milling machines perfect for the railway, aerospace, and automobile sectors.

The global market is anticipated to be dominated by CNC machine tools

The market is divided into computerized numerical control (CNC) and conventional based on the type of automation. Of the two, CNC has the largest market share. Additionally, there is a daily rise in demand for CNC. The need for CNC is growing as additional manufacturing sectors, such as automotive, railroads, aerospace, etc., acquire impetus. The main factors boosting the development of this market are the demand for automation to shorten cycle times and improve product correctness. Modern CNCs are far more sophisticated and smaller. The entire machining procedure may be completed on a single machine.

Recent Developments

  • August 2020: Huro unveiled a new line of CNC turning centers that can accommodate any turret station's live tooling. With its multi-core CPU, the new CNC system can display high-resolution images on the screen that are equivalent to those on Hurco's machining center control.
  • May 2020: By establishing a new sales channel, Mazak Corporation is concentrating on growing its presence in the Portuguese market. The new sales team will be situated in Porto and will serve Normil, Mazak's distributor.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Machine Tool Market: Regional Landscape

The expansion of industries that use metal cutting technology is projected to support Asia-Pacific dominate in the global market

Due to a growth in the number of industries involved in the metal cutting process throughout the area, Asia Pacific is predicted to dominate the global machine tools market. Most of the top machine tool makers are based in this area, which is expected to dominate the market. One of the biggest users of machine tools and the market leader in Asia Pacific is China. In the Asia Pacific, there has been significant expansion and investment in the automobile, oil, gas, and rail sectors. This region is home to major firms including DMG Mori, OKUMA Corporation, and Yamazaki Mazak Corporation.

Competitive Landscape

Some of the main competitors dominating the global machine tool market include- AMADA Co., Ltd., CHIRON Group SE, DMG MORI, Doosan Corporation, Georg Fischer Ltd., HYUNDAI WIA CORP., JTEKT Corporation, Komatsu Ltd., Makino, Okuma Corporation.

Global machine tool market is segmented as follows:

By Product Type

  • Milling Machines
  • Drilling Machines
  • Grinding Machines
  • Electrical Discharge Machines

By Automation Type

  • CNC Machine Tools
  • Conventional Machine Tools

By Industry Segment

By Sales Channel

  • Events and Exhibitions
  • Dealers and Distributors

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Machine Tool Market, (2022 - 2028) (USD Million)
    • 2.2 Global Machine Tool Market : snapshot
  • Chapter 3. Global Machine Tool Market - Industry Analysis
    • 3.1 Machine Tool Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing use of hybrid machine tools and additive manufacturing is driving the market growth
    • 3.3 Market Restraints
      • 3.3.1. Market expansion is being hampered by social and economic uncertainty
    • 3.4 Market Opportunities
      • 3.4.1. The fully automatic CNC machine tools include tool changers that let them perform several jobs with only one machine
    • 3.5 Market Challenges
      • 3.5.1. Industries that produce capital goods are vulnerable to global economic downturns
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product Type
      • 3.7.2 Market attractiveness analysis By Automation Type
      • 3.7.3 Market attractiveness analysis By Industry Segment
      • 3.7.4 Market attractiveness analysis By Sales Channel
  • Chapter 4. Global Machine Tool Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Machine Tool Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Machine Tool Market - Product Type Analysis
    • 5.1 Global Machine Tool Market overview: By Product Type
      • 5.1.1 Global Machine Tool Market share, By Product Type, 2021 and 2028
    • 5.2 Milling Machines
      • 5.2.1 Global Machine Tool Market by Milling Machines, 2022 - 2028 (USD Million)
    • 5.3 Drilling Machines
      • 5.3.1 Global Machine Tool Market by Drilling Machines, 2022 - 2028 (USD Million)
    • 5.4 Grinding Machines
      • 5.4.1 Global Machine Tool Market by Grinding Machines, 2022 - 2028 (USD Million)
    • 5.5 Electrical Discharge Machines
      • 5.5.1 Global Machine Tool Market by Electrical Discharge Machines, 2022 - 2028 (USD Million)
  • Chapter 6. Global Machine Tool Market - Automation Type Analysis
    • 6.1 Global Machine Tool Market overview: By Automation Type
      • 6.1.1 Global Machine Tool Market share, By Automation Type, 2021 and 2028
    • 6.2 CNC Machine Tools
      • 6.2.1 Global Machine Tool Market by CNC Machine Tools, 2022 - 2028 (USD Million)
    • 6.3 Conventional Machine Tools
      • 6.3.1 Global Machine Tool Market by Conventional Machine Tools, 2022 - 2028 (USD Million)
  • Chapter 7. Global Machine Tool Market - Industry Segment Analysis
    • 7.1 Global Machine Tool Market overview: By Industry Segment
      • 7.1.1 Global Machine Tool Market share, By Industry Segment, 2021 and 2028
    • 7.2 Automotive and Transportation
      • 7.2.1 Global Machine Tool Market by Automotive and Transportation, 2022 - 2028 (USD Million)
    • 7.3 Sheet Metals
      • 7.3.1 Global Machine Tool Market by Sheet Metals, 2022 - 2028 (USD Million)
    • 7.4 Capital Goods
      • 7.4.1 Global Machine Tool Market by Capital Goods, 2022 - 2028 (USD Million)
    • 7.5 Energy
      • 7.5.1 Global Machine Tool Market by Energy, 2022 - 2028 (USD Million)
  • Chapter 8. Global Machine Tool Market - Sales Channel Analysis
    • 8.1 Global Machine Tool Market overview: By Sales Channel
      • 8.1.1 Global Machine Tool Market share, By Sales Channel, 2021 and 2028
    • 8.2 Events and Exhibitions
      • 8.2.1 Global Machine Tool Market by Events and Exhibitions, 2022 - 2028 (USD Million)
    • 8.3 Dealers and Distributors
      • 8.3.1 Global Machine Tool Market by Dealers and Distributors, 2022 - 2028 (USD Million)
  • Chapter 9. Machine Tool Market - Regional Analysis
    • 9.1 Global Machine Tool Market Regional Overview
    • 9.2 Global Machine Tool Market Share, by Region, 2021 & 2028 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Machine Tool Market, 2022 - 2028 (USD Million)
        • 9.3.1.1 North America Machine Tool Market, by Country, 2022 - 2028 (USD Million)
    • 9.4 North America Machine Tool Market, by Product Type, 2022 - 2028
      • 9.4.1 North America Machine Tool Market, by Product Type, 2022 - 2028 (USD Million)
    • 9.5 North America Machine Tool Market, by Automation Type, 2022 - 2028
      • 9.5.1 North America Machine Tool Market, by Automation Type, 2022 - 2028 (USD Million)
    • 9.6 North America Machine Tool Market, by Industry Segment, 2022 - 2028
      • 9.6.1 North America Machine Tool Market, by Industry Segment, 2022 - 2028 (USD Million)
    • 9.7 North America Machine Tool Market, by Sales Channel, 2022 - 2028
      • 9.7.1 North America Machine Tool Market, by Sales Channel, 2022 - 2028 (USD Million)
    • 9.4. Europe
      • 9.4.2 Europe Machine Tool Market, 2022 - 2028 (USD Million)
        • 9.4.2.1 Europe Machine Tool Market, by Country, 2022 - 2028 (USD Million)
    • 9.4 Europe Machine Tool Market, by Product Type, 2022 - 2028
      • 9.4.1 Europe Machine Tool Market, by Product Type, 2022 - 2028 (USD Million)
    • 9.5 Europe Machine Tool Market, by Automation Type, 2022 - 2028
      • 9.5.1 Europe Machine Tool Market, by Automation Type, 2022 - 2028 (USD Million)
    • 9.6 Europe Machine Tool Market, by Industry Segment, 2022 - 2028
      • 9.6.1 Europe Machine Tool Market, by Industry Segment, 2022 - 2028 (USD Million)
    • 9.7 Europe Machine Tool Market, by Sales Channel, 2022 - 2028
      • 9.7.1 Europe Machine Tool Market, by Sales Channel, 2022 - 2028 (USD Million)
    • 9.5. Asia Pacific
      • 9.5.3 Asia Pacific Machine Tool Market, 2022 - 2028 (USD Million)
        • 9.5.3.1 Asia Pacific Machine Tool Market, by Country, 2022 - 2028 (USD Million)
    • 9.4 Asia Pacific Machine Tool Market, by Product Type, 2022 - 2028
      • 9.4.1 Asia Pacific Machine Tool Market, by Product Type, 2022 - 2028 (USD Million)
    • 9.5 Asia Pacific Machine Tool Market, by Automation Type, 2022 - 2028
      • 9.5.1 Asia Pacific Machine Tool Market, by Automation Type, 2022 - 2028 (USD Million)
    • 9.6 Asia Pacific Machine Tool Market, by Industry Segment, 2022 - 2028
      • 9.6.1 Asia Pacific Machine Tool Market, by Industry Segment, 2022 - 2028 (USD Million)
    • 9.7 Asia Pacific Machine Tool Market, by Sales Channel, 2022 - 2028
      • 9.7.1 Asia Pacific Machine Tool Market, by Sales Channel, 2022 - 2028 (USD Million)
    • 9.6. Latin America
      • 9.6.4 Latin America Machine Tool Market, 2022 - 2028 (USD Million)
        • 9.6.4.1 Latin America Machine Tool Market, by Country, 2022 - 2028 (USD Million)
    • 9.4 Latin America Machine Tool Market, by Product Type, 2022 - 2028
      • 9.4.1 Latin America Machine Tool Market, by Product Type, 2022 - 2028 (USD Million)
    • 9.5 Latin America Machine Tool Market, by Automation Type, 2022 - 2028
      • 9.5.1 Latin America Machine Tool Market, by Automation Type, 2022 - 2028 (USD Million)
    • 9.6 Latin America Machine Tool Market, by Industry Segment, 2022 - 2028
      • 9.6.1 Latin America Machine Tool Market, by Industry Segment, 2022 - 2028 (USD Million)
    • 9.7 Latin America Machine Tool Market, by Sales Channel, 2022 - 2028
      • 9.7.1 Latin America Machine Tool Market, by Sales Channel, 2022 - 2028 (USD Million)
    • 9.7. The Middle-East and Africa
      • 9.7.5 The Middle-East and Africa Machine Tool Market, 2022 - 2028 (USD Million)
        • 9.7.5.1 The Middle-East and Africa Machine Tool Market, by Country, 2022 - 2028 (USD Million)
    • 9.4 The Middle-East and Africa Machine Tool Market, by Product Type, 2022 - 2028
      • 9.4.1 The Middle-East and Africa Machine Tool Market, by Product Type, 2022 - 2028 (USD Million)
    • 9.5 The Middle-East and Africa Machine Tool Market, by Automation Type, 2022 - 2028
      • 9.5.1 The Middle-East and Africa Machine Tool Market, by Automation Type, 2022 - 2028 (USD Million)
    • 9.6 The Middle-East and Africa Machine Tool Market, by Industry Segment, 2022 - 2028
      • 9.6.1 The Middle-East and Africa Machine Tool Market, by Industry Segment, 2022 - 2028 (USD Million)
    • 9.7 The Middle-East and Africa Machine Tool Market, by Sales Channel, 2022 - 2028
      • 9.7.1 The Middle-East and Africa Machine Tool Market, by Sales Channel, 2022 - 2028 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 AMADA Co. Ltd.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 CHIRON Group SE
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 DMG MORI
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Doosan Corporation
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Georg Fischer Ltd.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 HYUNDAI WIA CORP.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 JTEKT Corporation
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Komatsu Ltd.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Makino
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Okuma Corporation
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Machine Tool Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Machine Tool Market attractiveness, By Product Type
  • 6. Global Machine Tool Market attractiveness, By Automation Type
  • 7. Global Machine Tool Market attractiveness, By Industry Segment
  • 8. Global Machine Tool Market attractiveness, By Sales Channel
  • 9. Global Machine Tool Market share by Product Type, 2022 and 2028 (USD Million)
  • 10. Global Machine Tool Market by Milling Machines, 2022 - 2028 (USD Million)
  • 11. Global Machine Tool Market by Drilling Machines, 2022 - 2028 (USD Million)
  • 12. Global Machine Tool Market by Grinding Machines, 2022 - 2028 (USD Million)
  • 13. Global Machine Tool Market by Electrical Discharge Machines, 2022 - 2028 (USD Million)
  • 14. Global Machine Tool Market share by Automation Type, 2022 and 2028 (USD Million)
  • 15. Global Machine Tool Market by CNC Machine Tools, 2022 - 2028 (USD Million)
  • 16. Global Machine Tool Market by Conventional Machine Tools, 2022 - 2028 (USD Million)
  • 17. Global Machine Tool Market share by Industry Segment, 2022 and 2028 (USD Million)
  • 18. Global Machine Tool Market by Automotive and Transportation, 2022 - 2028 (USD Million)
  • 19. Global Machine Tool Market by Sheet Metals, 2022 - 2028 (USD Million)
  • 20. Global Machine Tool Market by Capital Goods, 2022 - 2028 (USD Million)
  • 21. Global Machine Tool Market by Energy, 2022 - 2028 (USD Million)
  • 22. Global Machine Tool Market share by Sales Channel, 2022 and 2028 (USD Million)
  • 23. Global Machine Tool Market by Events and Exhibitions, 2022 - 2028 (USD Million)
  • 24. Global Machine Tool Market by Dealers and Distributors, 2022 - 2028 (USD Million)
  • 25. Global Machine Tool Market share, by Region, 2022 and 2028
  • 26. North America Machine Tool Market, 2022 - 2028 (USD Million)
  • 27. Europe Machine Tool Market, 2022 - 2028 (USD Million)
  • 28. Asia Pacific Machine Tool Market, 2022 - 2028 (USD Million)
  • 29. Latin America Machine Tool Market, 2022 - 2028 (USD Million)
  • 30. The Middle-East and Africa Machine Tool Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Machine Tool Market: Snapshot
  • 2. Drivers of the Machine Tool Market: impact analysis
  • 3. North America Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 4. North America Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 5. North America Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 6. North America Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 7. U.S. Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 8. U.S. Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 9. U.S. Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 10. U.S. Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 11. Canada Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 12. Canada Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 13. Canada Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 14. Canada Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 15. Europe Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 16. Europe Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 17. Europe Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 18. Europe Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 19. Germany Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 20. Germany Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 21. Germany Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 22. Germany Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 23. France Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 24. France Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 25. France Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 26. France Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 27. U.K. Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 28. U.K. Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 29. U.K. Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 30. U.K. Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 31. Italy Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 32. Italy Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 33. Italy Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 34. Italy Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 35. Spain Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 36. Spain Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 37. Spain Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 38. Spain Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 39. Rest of Europe Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 40. Rest of Europe Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 41. Rest of Europe Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 42. Rest of Europe Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 43. Asia Pacific Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 44. Asia Pacific Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 45. Asia Pacific Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 46. Asia Pacific Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 47. China Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 48. China Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 49. China Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 50. China Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 51. Japan Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 52. Japan Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 53. Japan Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 54. Japan Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 55. India Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 56. India Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 57. India Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 58. India Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 59. South Korea Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 60. South Korea Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 61. South Korea Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 62. South Korea Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 63. South-East Asia Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 64. South-East Asia Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 65. South-East Asia Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 66. South-East Asia Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 67. Rest of Asia Pacific Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 68. Rest of Asia Pacific Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 69. Rest of Asia Pacific Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 70. Rest of Asia Pacific Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 71. Latin America Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 72. Latin America Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 73. Latin America Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 74. Latin America Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 75. Brazil Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 76. Brazil Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 77. Brazil Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 78. Brazil Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 79. Mexico Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 80. Mexico Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 81. Mexico Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 82. Mexico Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 83. Rest of Latin America Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 84. Rest of Latin America Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 85. Rest of Latin America Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 86. Rest of Latin America Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 87. The Middle-East and Africa Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 88. The Middle-East and Africa Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 89. The Middle-East and Africa Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 90. The Middle-East and Africa Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 91. GCC Countries Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 92. GCC Countries Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 93. GCC Countries Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 94. GCC Countries Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 95. South Africa Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 96. South Africa Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 97. South Africa Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 98. South Africa Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)
  • 99. Rest of Middle-East Africa Machine Tool Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 100. Rest of Middle-East Africa Machine Tool Market revenue, By Automation Type, 2022 - 2028 (USD Million)
  • 101. Rest of Middle-East Africa Machine Tool Market revenue, By Industry Segment, 2022 - 2028 (USD Million)
  • 102. Rest of Middle-East Africa Machine Tool Market revenue, By Sales Channel, 2022 - 2028 (USD Million)

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FrequentlyAsked Questions

The need for high-quality end products, which may be produced by high precision machine tools, as well as rising manufacturing output across a variety of sectors, including automotive, fabrication, robotics, etc., are projected to propel the expansion of the worldwide machine tools market.

According to the report, the global machine tool market was worth 77.90 (USD billion) in 2021 and is predicted to grow to 92.47 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 2.90 percent.

In the Asia-Pacific region, there is a significant amount of growth. The main engine of this sector in East Asia. It can be linked to the swift expansion of manufacturing industries, including transportation, construction, shipbuilding, and others.

Some of the main competitors dominating the machine tool market include - AMADA Co., Ltd., CHIRON Group SE, DMG MORI, Doosan Corporation, Georg Fischer Ltd., HYUNDAI WIA CORP., JTEKT Corporation, Komatsu Ltd., Makino, Okuma Corporation.

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