Global Machine Tools Market Manufacturers, Size, Share, Analysis, Report, 2030

Global Machine Tools Market by Product Type (Milling Machines, Turning Machines, Grinding Machines, EDM), Automation Type (CNC and Conventional), End-User Industry (Automotive, Capital Goods), Sales Channel and Region - Global Forecast to 2030

Report Code: AT 7325 Feb, 2024, by marketsandmarkets.com

[262 Pages Report] The global machine tools market size was valued at USD 78.6 billion in 2023 and is expected to reach USD billion by 2030, at a CAGR of 4.2% during the forecast period 2023-2030. The rising demand for manufactured goods across diverse industries catalyzes the growth and evolution of the global machine tools market. This demand fuels the development of more advanced, efficient, and specialized machine tools capable of meeting the intricate and diverse needs of the modern manufacturing process. As the demand for precision, customization, and high-volume production continues to surge, the machine tools market is propelled forward, fostering innovation and technological advancements.

Global Machine Tools Market

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Global Machine Tools Market Opportunities

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Market Dynamics:

Driver: Increasing demand for precision and efficiency

Industries such as automotive, aerospace, electronics, and healthcare sectors have stringent demands for high-precision components. Machine tools need to meet these requirements to ensure the production of intricate parts with minimal error margins. As product designs become more complex and sophisticated, the need for tight tolerances and impeccable quality standards rises. Machine tools with cutting-edge technologies, such as computer numerical control (CNC), provide the precision necessary to meet these exact specifications.

Precision in manufacturing directly correlates with minimized waste and rework. High-precision machine tools ensure that parts are manufactured accurately the first time, reducing material wastage and the need for costly reworking processes. Integrating digital technologies and data-driven solutions in machine tools also allows for predictive maintenance, real-time monitoring, and adaptive control. This integration enhances precision and efficiency while minimizing downtime.

The global machine tools market responds to these demands by continually innovating and developing cutting-edge technologies. Manufacturers invest in research and development to create more precise, efficient, and adaptable tools capable of meeting the evolving needs of modern manufacturing. The focus on precision and efficiency remains a key driver, guiding the market towards advancements that push the boundaries of what is achievable in manufacturing processes.

Restraint: High initial investment costs

The cost of buying advanced machine tools is high. This is a major factor impeding the global machine tool market's expansion. Depending on the brand and model, brand-new CNC lathes and routers can cost thousands of dollars. The expenses incurred by organizations that use CNC machines are subsequently raised by these investments, which also include shipping, installation, operating, and maintenance expenditures. CNC machines have a large weight range of 100 pounds to several tons. Purchase agreements typically cover transportation expenses; if not, customers may have to pay hundreds of dollars in additional fees.

Additionally, CNC machines can be tailored to meet the needs and specifications of final customers. The applications for which CNC machines are intended vary in their requirements. In addition, CNC machines need to be updated, when the manufacturing process or products undergo significant modifications that result in elevated expenses. These high costs associated with the overall operation of CNC machines are the key factors considered in making purchase decisions. They are expected to hinder the adoption of CNC machines, especially across cost-sensitive regions and industries. Therefore, high installation and maintenance costs about machine tools are expected to prove to be a restraining factor for the growth of the global machine tools market.

Opportunity: Increasing adoption of CNC technology

The adoption of computer numerical control (CNC) technology in machine tools has been transformative in the manufacturing industry. CNC technology has revolutionized machining processes by offering precision, efficiency, and automation. CNC technology allows for incredibly precise and accurate machining operations. Machines controlled by computer programs ensure consistent quality, reducing errors and improving the overall precision of manufactured parts.

CNC machines operate continuously and can run multiple tasks without manual intervention, leading to higher productivity. Automated tool changes, faster cutting speeds, and reduced setup times contribute to increased efficiency in production. CNC technology enables the production of intricate and complex parts that might be challenging or impossible to manufacture using conventional methods. This capability is especially crucial in industries like aerospace, automotive, and medical devices. CNC machines are often integrated with Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) software. This integration allows for seamless translation of design specifications into machine instructions, optimizing the manufacturing process. Manufacturers are developing new products. For instance, in April 2023, Okuma Corporation developed the LB3000 EX? CNC lathe and MB-46V ? vertical machining center, which are world-class Green-Smart Machines with high precision and energy-saving performance.

The adoption of CNC technology in machine tools continues to grow as manufacturers seek ways to improve precision, increase productivity, and stay competitive in a rapidly evolving market. The ongoing advancements in CNC technology will likely drive further innovation and expansion of its applications in the manufacturing industry.

Challenge: Absence of standardization in industrial communication protocols and interfaces

There is no single dominant protocol or interface for machine tool communication. Instead, many options exist, including MTConnect, OPC UA, Siemens Sinumerik, Fanuc, and Heidenhain. This variety creates incompatibility issues, making it difficult for different machines and devices to talk to each other. Moreover, integrating new machines and devices into existing systems becomes a complex and time-consuming task due to the lack of standardization. This hinders the potential for creating smart factories and interconnected production lines.

The incompatibility between protocols restricts data exchange and limits the ability to collect and analyze valuable production data. This impedes process optimization and informed decision-making. The lack of standardization also necessitates custom adapters and gateways to bridge the communication gap between different machines. This adds to the overall cost and complexity of implementing industrial automation solutions.

The absence of standardization in industrial communication protocols and interfaces for machine tools presents a significant challenge, but the ongoing efforts towards establishing common ground promise a brighter future for the industry. By embracing open standards and collaborative approaches, the machine tool sector can unlock new levels of efficiency, innovation, and competitiveness in the age of Industry 4.0.

Market Ecosystem

Top Companies in Global Machine Tools Market

CNC machine tools holds the largest market during the forecast period.

CNC machine tools have the largest market share in the global machine tools market. Consumers increasingly demand customized products, which require flexible and agile manufacturing processes. CNC machines can be easily programmed to produce different product variations, making them ideal for meeting customization demands.

Depending on the machining operation, these machines use various cutting tools, including end mills, drills, lathes, and specialized tools. These tools are attached to the machine's tool holder and can be automatically changed during operations. There are various types of machines, such as milling machines, turning machines, electrical discharge machining (EDM) machines, grinding machines, and drilling machines. These machines benefit industries with increased precision, productivity, versatility, and efficiency. Manufacturers are also developing models with advanced features. For instance, in June 2023, Makino Milling Machine Co., Ltd. introduced a horizontal machining center a91nx. This horizontal machining center’s spindle lineup can handle various work materials, such as cast iron and aluminum. Such developments will further drive the demand for CNC machine tools during the forecast period.

Milling machines hold the largest market share during the forecast period.

The milling machine segment is expected to lead the global machine tools market during the forecast period. Industries like aerospace, medical devices, and electronics rely heavily on components with tolerances measured in microns. Traditional machining methods often struggle to achieve such precision, but milling machines excel in this area. Their ability to deliver intricate details and consistently high quality makes them the go-to choice for manufacturers in these demanding sectors. Also, the growing focus on sustainability is shaping the milling machine market. Manufacturers seek machines offering features like reduced energy consumption and minimized waste generation. Modern milling machines are increasingly designed with these factors, incorporating features like optimized cutting paths and eco-friendly coolants, making them more attractive in a sustainability-conscious world. In Addition to this, Manufacturers are developing new products. For instance, in 2023 in India, Lakshmi Machine Works Limited (India) launched the JD I vertical milling machine that is designed for heavy-duty milling with a maximum travel of 1250 x 800 x 760 mm and a table load capacity of 1,500 kg. Such product developments will help various sectors, including manufacturing, automotive and transportation, capital goods, and energy and power, to increase their productivity and accuracy.

Asia Pacific is the largest market for machine tools during the forecast period.

China, Japan, and South Korea lead the Asia Pacific global machine tools market. The region is considered significant in the growth of the global market, both in production and sales. China is the largest machine tools producer and user globally, dominating the market in the region. The aging population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. The increasing population is also attracting companies to invest in the Asia Pacific. Some of the most prominent players in the market space are present, such as DMG MORI (Japan) and Okuma Corporation (Japan). Makino Milling Machine Co., Ltd. (Japan), JTEKT Corporation (Japan), DN SOLUTIONS (South Korea), and others are other major factors driving the market in this region. Manufacturers in the Asia Pacific region are investing in building manufacturing plants. For instance, in June 2023, Nidec Machine Tool launched a new cutting tool factory in India to meet the growing demand for automotive and related components by increasing the production capacity by 1.5 times. Such developments are expected to propel the market growth.

Moreover, all the leading players in the global machine tools market are generating the majority of their revenues from the Asian region only. China, Japan, India, and South Korea have a large customer base. These nations are home to companies prioritizing research and development, further contributing to the industry’s potential. Additionally, this region’s demand for advanced machine tools in sectors such as automotive, aerospace, energy, semiconductors, and medical industries is notably high.

North American Global Machine Tools Market Size, and Share

Key Market Players

The machine tools market is dominated by established players such as Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), DN Solutions (South Korea), and others. These companies manufacture machine tools and develop new technologies. These companies have set up R&D facilities and offer best-in-class products to their customers.

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2030

Base year considered

2022

Forecast period

2023-2030

Forecast units

Value (USD Bn)

Segments Covered

Product Type, Automation, Sales Channel, End-User Industry and Region

Geographies covered

Asia Pacific, Europe, North America and Rest of the World

Companies Covered

Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), DN Solutions (South Korea) and others.
A total of 29 major company profiles were covered and provided.

This research report categorizes the global machine tools market based on product type, automation, sales channel, end-user industry and region.

Based on Product Type:
  • Milling Machines
  • Drilling Machines
  • Turning Machines
  • Grinding Machines
  • Electrical Discharge Machine
Based on Automation:
  • Conventional Machine Tools
  • CNC Machine Tools
Based on Sales Channel:
  • Events and Exhibitions
  • Dealers and Distributers
  • Direct Sales
Based on End-User Industry:
  • Aerospace
  • Medical
  • Semiconductor
  • Automotive and Transportation
  • Capital Good
  • Energy and Power
  • Sheet Metals
  • Others
Based on the Region:
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Vietnam
    • Malaysia
    • Rest of Asia Pacific
  • North America
    • Canada
    • US
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Switzerland
    • Turkey
  • Rest of the World
    • Russia
    • Brazil

Recent Developments

  • In December 2023, DMG MORI partnered with Wilhelm Blessing GmbH & Co. KG and Walter AG for holistic tool solutions, innovative clamping devices, and data-based quality prediction.
  • Makino Inc. developed a 5-axis machining center, DA500. It improves the productivity of manufacturing equipment parts that require complex three-dimensional shapes, smooth curved shapes, and high machined surface quality.
  • In October 2023, DN Solutions launched 4th-generation vertical machining centers (DNM 4500, DNM 5700, and DNM 6700) with enhanced productivity and reliability. The new DNM Series features thermal displacement compensation as standard to ensure that the machining results never vary regardless of the machine’s environment.
  • In August 2023, Okuma Corporation partnered with EMUGE-FRANKEN for a technology program. The new partnership strategically combines high-performance cutting tool solutions and applications expertise from EMUGE-FRANKEN with leading machine tool technology from Okuma.
  • In June 2023, Makino Inc. introduced a horizontal machining center, a91nx. This horizontal machining center’s spindle line-up can handle various work materials such as cast iron and aluminum.

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INTRODUCTION
22
RESEARCH METHODOLOGY
30
EXECUTIVE SUMMARY
45
PREMIUM INSIGHTS
50
MARKET OVERVIEW
53
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising adoption of manufactured goods
    - Increasing demand for precision and efficiency
    - Increase in automobile production
    - Growing focus on automation
    RESTRAINTS
    - High initial investment costs
    - Rising popularity of electric vehicles
    OPPORTUNITIES
    - Industry 4.0 and digitization
    - Increasing adoption of CNC technology
    - Rising implementation of adaptive machining
    CHALLENGES
    - Absence of standardization in industrial communication protocols and interfaces
    - Lack of skilled workforce to operate automated machine tools
  • 5.3 PRICING ANALYSIS
    AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PRODUCT TYPE
    AVERAGE SELLING PRICE TRENDS, BY REGION
  • 5.4 ECOSYSTEM ANALYSIS
    RAW MATERIAL SUPPLIERS
    MACHINE TOOL COMPONENT MANUFACTURERS
    CUTTING TOOL MANUFACTURERS
    SOFTWARE AND DIGITIZATION PROVIDERS
    MACHINE TOOL MANUFACTURERS
    DISTRIBUTORS AND DEALERS
    MAINTENANCE AND REPAIR SERVICE PROVIDERS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 CASE STUDY ANALYSIS
    CIRCLE GMBH INSTALLED ROEDERS 5-AXIS MACHINING CENTER OF HURCO EUROPE TO PRODUCE MACHINE PROTOTYPES
    JONES NUTTAL INSTALLED PRECISION CNC MACHINES TO IMPROVE OPERATIONAL EFFICIENCY AND RELIABILITY
    P-Q CONTROLS, INC. USED DETRON NEO CNC MACHINE TO REDUCE OPERATING COSTS
    HIGH-PRECISION SOLUTION FOR HYPERION MATERIALS & TECHNOLOGIES
    CUSTOMIZED GRINDING MACHINES FOR MACHINING GEARS
    HIGH-PRECISION GRINDING MACHINE FOR TURBO-COMPRESSORS FOR VARIOUS MODELS OF MARINE ENGINES
  • 5.7 INVESTMENT AND FUNDING SCENARIOS
  • 5.8 PATENT ANALYSIS
  • 5.9 TECHNOLOGY ANALYSIS
    INTRODUCTION
    INCLUSION OF SMART FEATURES AND NETWORKS
    AUTOMATED AND IOT-READY MACHINES
    CNC SOFTWARE ADVANCEMENTS IN MACHINE TOOLS INDUSTRY
    ARTIFICIAL INTELLIGENCE IN MACHINE TOOLS
  • 5.10 TARIFF AND REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.11 TRADE ANALYSIS
  • 5.12 KEY CONFERENCES AND EVENTS
  • 5.13 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
MACHINE TOOLS MARKET, BY PRODUCT TYPE
90
  • 6.1 INTRODUCTION
  • 6.2 MILLING MACHINES
    ADVANCEMENTS IN MILLING MACHINE TECHNOLOGY TO DRIVE MARKET
    MILLING MACHINES MARKET, BY AXIS TYPE
    - Milling machines market, by 4-axis
    - Milling machines market, by 5-axis
    UNIVERSAL MILLING MACHINES
    MACHINING CENTERS
  • 6.3 DRILLING MACHINES
    RISING DEMAND FOR ACCURATE AND EFFICIENT DRILLING TO DRIVE MARKET
  • 6.4 TURNING MACHINES
    RISING DEMAND FOR ACCURACY AND VERSATILITY IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET
    TURNING MACHINES MARKET, BY TYPE
    - Turning machines market, by Swiss-type
    - Turning machines market, by multi-spindle
    UNIVERSAL TURNING MACHINES
  • 6.5 GRINDING MACHINES
    INCREASING DEMAND FOR PRECISION GRINDING OPERATIONS TO DRIVE MARKET
  • 6.6 ELECTRICAL DISCHARGE MACHINES
    RISING DEMAND FOR ADVANCED MICRO EDM TECHNIQUES TO DRIVE MARKET
  • 6.7 KEY PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY AUTOMATION
104
  • 7.1 INTRODUCTION
  • 7.2 CNC MACHINE TOOLS
    RISING DEMAND FOR HIGH-QUALITY, COMPLEX COMPONENTS IN AEROSPACE AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET
  • 7.3 CONVENTIONAL MACHINE TOOLS
    LOWER INITIAL INVESTMENT AND OPERATIONAL COST TO DRIVE MARKET
  • 7.4 KEY PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY SALES CHANNEL
110
  • 8.1 INTRODUCTION
  • 8.2 DIRECT SALES
    GROWING DEMAND FOR CUSTOMIZATION AND AFTER-SALES SUPPORT TO DRIVE MARKET
  • 8.3 EVENTS AND EXHIBITIONS
    PRODUCT VISIBILITY AND PROMOTION FACTOR TO DRIVE MARKET
  • 8.4 DEALERS AND DISTRIBUTORS
    RISING DEMAND FOR AFTER-SALES SERVICE AND SUPPORT TO DRIVE MARKET
  • 8.5 KEY PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY END USER INDUSTRY
117
  • 9.1 INTRODUCTION
  • 9.2 AEROSPACE
    GROWING ADOPTION OF MACHINE TOOLS FOR PRECISE MANUFACTURING TO DRIVE MARKET
  • 9.3 MEDICAL
    RISING DEMAND FOR HIGHLY PRECISE MEDICAL DEVICES TO DRIVE MARKET
  • 9.4 SEMICONDUCTOR
    INCREASING DEMAND FOR MACHINE TOOLS IN DIE- AND WIRE-BONDING PROCESSES TO DRIVE MARKET
  • 9.5 AUTOMOTIVE AND TRANSPORTATION
    RISING FOCUS ON INCREASING MANUFACTURING EFFICIENCY DURING MASS PRODUCTION TO DRIVE MARKET
  • 9.6 CAPITAL GOODS
    RISING DEMAND FOR FABRICATED METAL PARTS TO DRIVE MARKET
  • 9.7 ENERGY AND POWER
    INCREASING DEMAND FOR EFFICIENT AND SUSTAINABLE ENERGY SOURCES TO DRIVE MARKET
  • 9.8 SHEET METAL
    INCREASING USE OF SHEET METAL IN MANUFACTURING AND GROWING EMPHASIS ON LIGHTWEIGHT MATERIALS TO DRIVE MARKET
  • 9.9 OTHERS
  • 9.10 KEY PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY REGION
130
  • 10.1 INTRODUCTION
  • 10.2 ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Government-led initiatives to promote automation and advanced technologies to drive market
    JAPAN
    - Increasing production of high-precision components for automotive industry to support market growth
    SOUTH KOREA
    - Rising demand for advanced machine tools to drive growth
    INDIA
    - Rising economic growth and domestic investments to drive market
    THAILAND
    - Rising government initiatives to drive market growth
    TAIWAN
    - Rising investment in high-end equipment to drive market growth
    VIETNAM
    - Rising economic growth and industrialization to boost demand for machine tools
    MALAYSIA
    - Growth in key end-user industries to drive market growth
    REST OF ASIA PACIFIC
  • 10.3 EUROPE
    EUROPE: RECESSION IMPACT
    UK
    - Technological advancements in automotive industry to fuel adoption
    GERMANY
    - Rising investments in advanced manufacturing processes to encourage market expansion
    FRANCE
    - Foreign investments and government-led incentives in electric and hybrid vehicles to boost growth
    ITALY
    - Rising government support to propel market
    SPAIN
    - Rise in demand for advanced machine tools to spur growth
    SWITZERLAND
    - Demand for high-precision components to boost Swiss CNC machines tools market
    TURKEY
    - Metal fabrication and automotive & transportation industries to drive demand for Turkish CNC machine tools market
  • 10.4 NORTH AMERICA
    NORTH AMERICA: RECESSION IMPACT
    US
    - Rising demand for industrial automation and technological advancements in manufacturing sector to propel market
    CANADA
    - Increasing production of highly precise components in various industries to spur market expansion
    MEXICO
    - Rapid growth of automotive industry to drive market
  • 10.5 REST OF THE WORLD
    REST OF THE WORLD: RECESSION IMPACT
    RUSSIA
    - Decrease in import of necessary raw materials and finished machinery impacting the market growth
    BRAZIL
    - Emergence in manufacturing sector to drive market
COMPETITIVE LANDSCAPE
167
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYER STRATEGIES
  • 11.3 MARKET RANKING ANALYSIS
    MAKINO INC.
    JTEKT CORPORATION
    OKUMA CORPORATION
    DMG MORI
    DN SOLUTIONS
  • 11.4 COMPANY VALUATION AND FINANCIAL METRICS
    COMPANY VALUATION, 2023
    COMPANY FINANCIAL METRICS, 2023
  • 11.5 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
  • 11.6 COMPETITIVE SCENARIO
    NEW PRODUCT LAUNCHES/DEVELOPMENTS
    DEALS
    EXPANSIONS
  • 11.7 PRODUCT COMPARISON
  • 11.8 COMPANY EVALUATION MATRIX
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 11.9 START-UP/SME EVALUATION MATRIX
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
COMPANY PROFILES
188
  • 12.1 KEY PLAYERS
    MAKINO INC.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    JTEKT CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    OKUMA CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    DMG MORI
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    DN SOLUTIONS
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    GEORG FISCHER LTD.
    - Business overview
    - Products offered
    - Recent developments
    AMADA CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    HYUNDAI WIA CORP.
    - Business overview
    - Products offered
    - Recent developments
    YAMAZAKI MAZAK CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    CHIRON GROUP SE
    - Business overview
    - Products offered
    - Recent developments
    KOMATSU NTC
    - Business overview
    - Products offered
    - Recent developments
    HAAS AUTOMATION, INC.
    - Business overview
    - Products offered
    GENERAL TECHNOLOGY GROUP DALIAN MACHINE TOOL CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    UNITED GRINDING GROUP
    - Business overview
    - Products offered
    - Recent development
    INDEX-WERKE GMBH & CO. KG HAHN & TESSKY
    - Business overview
    - Products offered
    CITIZEN MACHINERY CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
  • 12.2 OTHER PLAYERS
    FFG EUROPEAN & AMERICAN HOLDINGS GMBH
    HMT MACHINE TOOLS LIMITED
    SPINNER WERKZEUGMASCHINENFABRIK GMBH
    GLEASON CORPORATION
    GROB-WERKE GMBH & CO. KG
    BLASER SWISSLUBE
    CASTROL LIMITED
    QUAKER HOUGHTON
    SCHULER AG
    ELECTRONICA HI-TECH ENGINEERING PVT. LTD.
    ACEMICROMATIC GROUP
    TUNGALOY CORPORATION
    MACHINE TOOLS INDIA LIMITED
RECOMMENDATIONS BY MARKETSANDMARKETS
246
  • 13.1 RISING DEVELOPMENT OF CNC MACHINES IN MANUFACTURING PLANTS TO REDUCE OPERATING COSTS AND INCREASE PRODUCTION EFFICIENCY
  • 13.2 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • 13.3 RISING DEMAND FOR ADVANCED TURNING MACHINES TO DRIVE MARKET
  • 13.4 CONCLUSION
APPENDIX
248
  • 14.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
    ADDITIONAL COMPANY PROFILES (UP TO 5)
    MACHINE TOOLS MARKET, BY END USER INDUSTRY, AT COUNTRY LEVEL
    MARKET, BY AUTOMATION, AT COUNTRY LEVEL
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 MACHINE TOOLS MARKET DEFINITION, BY PRODUCT TYPE
  • TABLE 2 MARKET DEFINITION, BY AUTOMATION
  • TABLE 3 MARKET DEFINITION, BY SALES CHANNEL
  • TABLE 4 MARKET DEFINITION, BY END USER INDUSTRY
  • TABLE 5 INCLUSIONS AND EXCLUSIONS FOR MARKET
  • TABLE 6 CURRENCY EXCHANGE RATES (PER USD)
  • TABLE 7 LIST OF PARTICIPATING COMPANIES FOR PRIMARY RESEARCH
  • TABLE 8 IMPACT OF MARKET DYNAMICS
  • TABLE 9 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PRODUCT TYPE, 2023
  • TABLE 10 AVERAGE SELLING PRICE TRENDS, BY REGION, 2023
  • TABLE 11 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 12 LIST OF FUNDING, 2021–2023
  • TABLE 13 PATENT ANALYSIS (ACTIVE PATENTS), 2022–2023
  • TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 IMPORT AND EXPORT DATA FOR PRODUCTS UNDER HS CODE 8459, BY KEY COUNTRY, 2022
  • TABLE 19 LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MACHINE TOOLS, BY PRODUCT TYPE
  • TABLE 21 KEY BUYING CRITERIA FOR MACHINE TOOLS, BY PRODUCT TYPE
  • TABLE 22 MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2019–2022 (USD BILLION)
  • TABLE 23 MARKET, BY PRODUCT TYPE, 2023–2030 (USD BILLION)
  • TABLE 24 MILLING MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 25 MILLING MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 26 LIST OF 4 AND 5-AXIS MILLING MACHINES
  • TABLE 27 MILLING MARKET, BY AXIS TYPE, 2019–2022 (USD BILLION)
  • TABLE 28 MILLING MARKET, BY AXIS TYPE, 2023–2030 (USD BILLION)
  • TABLE 29 DRILLING MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 30 DRILLING MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 31 TURNING MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 32 TURNING MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 33 TURNING MARKET, BY TYPE, 2019–2022 (USD BILLION)
  • TABLE 34 TURNING MARKET, BY TYPE, 2023–2030 (USD BILLION)
  • TABLE 35 GRINDING MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 36 GRINDING MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 37 ELECTRICAL DISCHARGE MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 38 ELECTRICAL DISCHARGE MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 39 MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 40 GLOBAL MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 41 CNC MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 42 CNC MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 43 CONVENTIONAL MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 44 CONVENTIONAL MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 45 MARKET, BY SALES CHANNEL, 2019–2022 (USD BILLION)
  • TABLE 46 MARKET, BY SALES CHANNEL, 2023–2030 (USD BILLION)
  • TABLE 47 DIRECT SALES: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 48 DIRECT SALES: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 49 EVENTS AND EXHIBITIONS: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 50 EVENTS AND EXHIBITIONS: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 51 DEALERS AND DISTRIBUTORS: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 52 DEALERS AND DISTRIBUTORS: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 53 MARKET, BY END USER INDUSTRY, 2019–2022 (USD BILLION)
  • TABLE 54 MARKET, BY END USER INDUSTRY, 2023–2030 (USD BILLION)
  • TABLE 55 AEROSPACE: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 56 AEROSPACE: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 57 MEDICAL: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 58 MEDICAL: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 59 SEMICONDUCTOR: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 60 SEMICONDUCTOR: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 61 AUTOMOTIVE AND TRANSPORTATION: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 62 AUTOMOTIVE AND TRANSPORTATION: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 63 CAPITAL GOODS: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 64 CAPITAL GOODS: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 65 ENERGY AND POWER: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 66 ENERGY AND POWER: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 67 SHEET METAL: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 68 SHEET METAL: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 69 OTHERS: MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 70 OTHERS: MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 71 MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 72 MARKET, BY REGION, 2023–2030 (USD BILLION)
  • TABLE 73 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
  • TABLE 74 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2030 (USD BILLION)
  • TABLE 75 CHINA: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 76 CHINA: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 77 JAPAN: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 78 JAPAN: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 79 SOUTH KOREA: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 80 SOUTH KOREA: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 81 INDIA: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 82 INDIA: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 83 THAILAND: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 84 THAILAND: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 85 TAIWAN: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 86 TAIWAN: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 87 VIETNAM: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 88 VIETNAM: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 89 MALAYSIA: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 90 MALAYSIA: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 91 REST OF ASIA PACIFIC: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 92 REST OF ASIA PACIFIC: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 93 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
  • TABLE 94 EUROPE: MARKET, BY COUNTRY, 2023–2030 (USD BILLION)
  • TABLE 95 UK: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 96 UK: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 97 GERMANY: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 98 GERMANY: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 99 FRANCE: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 100 FRANCE: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 101 ITALY: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 102 ITALY: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 103 SPAIN: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 104 SPAIN: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 105 SWITZERLAND: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 106 SWITZERLAND: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 107 TURKEY: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 108 TURKEY: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 109 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
  • TABLE 110 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2030 (USD BILLION)
  • TABLE 111 US: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 112 US: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 113 CANADA: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 114 CANADA: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 115 MEXICO: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 116 MEXICO: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 117 REST OF THE WORLD: MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
  • TABLE 118 REST OF THE WORLD: MARKET, BY COUNTRY, 2023–2030 (USD BILLION)
  • TABLE 119 RUSSIA: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 120 RUSSIA: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 121 BRAZIL: MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)
  • TABLE 122 BRAZIL: MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)
  • TABLE 123 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN MARKET
  • TABLE 124 MARKET RANKING ANALYSIS, 2023
  • TABLE 125 MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, MARCH 2021–OCTOBER 2023
  • TABLE 126 MARKET: DEALS, APRIL 2021–SEPTEMBER 2023
  • TABLE 127 MARKET: EXPANSIONS, JUNE 2021–NOVEMBER 2023
  • TABLE 128 MARKET: PRODUCT COMPARISON
  • TABLE 129 MARKET: COMPANY FOOTPRINT, 2023
  • TABLE 130 MARKET: PRODUCT FOOTPRINT, 2023
  • TABLE 131 MARKET: REGIONAL FOOTPRINT, 2023
  • TABLE 132 MARKET: KEY START-UPS/SMES
  • TABLE 133 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • TABLE 134 MAKINO INC.: COMPANY OVERVIEW
  • TABLE 135 MAKINO INC.: PRODUCTS OFFERED
  • TABLE 136 MAKINO INC.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 137 MAKINO INC.: DEALS
  • TABLE 138 JTEKT CORPORATION: COMPANY OVERVIEW
  • TABLE 139 JTEKT CORPORATION: PRODUCTS OFFERED
  • TABLE 140 JTEKT CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 141 JTEKT CORPORATION: DEALS
  • TABLE 142 JTEKT CORPORATION: EXPANSIONS
  • TABLE 143 OKUMA CORPORATION: COMPANY OVERVIEW
  • TABLE 144 OKUMA CORPORATION: PRODUCTS OFFERED
  • TABLE 145 OKUMA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 146 OKUMA CORPORATION: DEALS
  • TABLE 147 DMG MORI: COMPANY OVERVIEW
  • TABLE 148 DMG MORI: PRODUCTS OFFERED
  • TABLE 149 DMG MORI: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 150 DMG MORI: DEALS
  • TABLE 151 DN SOLUTIONS: COMPANY OVERVIEW
  • TABLE 152 DN SOLUTIONS: PRODUCTS OFFERED
  • TABLE 153 DN SOLUTIONS: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 154 DN SOLUTIONS: DEALS
  • TABLE 155 DN SOLUTIONS: EXPANSIONS
  • TABLE 156 GEORG FISCHER LTD.: COMPANY OVERVIEW
  • TABLE 157 GEORG FISCHER LTD.: PRODUCTS OFFERED
  • TABLE 158 GEORG FISCHER LTD.: DEALS
  • TABLE 159 GEORG FISCHER LTD.: EXPANSIONS
  • TABLE 160 AMADA CO., LTD.: COMPANY OVERVIEW
  • TABLE 161 AMADA CO., LTD.: PRODUCTS OFFERED
  • TABLE 162 AMADA CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 163 AMADA CO., LTD.: DEALS
  • TABLE 164 HYUNDAI WIA CORP.: COMPANY OVERVIEW
  • TABLE 165 HYUNDAI WIA CORP.: PRODUCTS OFFERED
  • TABLE 166 HYUNDAI WIA CORP.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 167 HYUNDAI WIA CORP.: DEALS
  • TABLE 168 YAMAZAKI MAZAK CORPORATION: COMPANY OVERVIEW
  • TABLE 169 YAMAZAKI MAZAK CORPORATION: PRODUCTS OFFERED
  • TABLE 170 YAMAZAKI MAZAK CORPORATION: EXPANSIONS
  • TABLE 171 CHIRON GROUP SE: COMPANY OVERVIEW
  • TABLE 172 CHIRON GROUP SE: PRODUCTS OFFERED
  • TABLE 173 CHIRON GROUP SE: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 174 CHIRON GROUP SE: DEALS
  • TABLE 175 KOMATSU NTC: COMPANY OVERVIEW
  • TABLE 176 KOMATSU NTC: PRODUCTS OFFERED
  • TABLE 177 KOMATSU NTC: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 178 HAAS AUTOMATION, INC.: COMPANY OVERVIEW
  • TABLE 179 HAAS AUTOMATION, INC.: PRODUCTS OFFERED
  • TABLE 180 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: COMPANY OVERVIEW
  • TABLE 181 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCTS OFFERED
  • TABLE 182 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 183 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: EXPANSIONS
  • TABLE 184 UNITED GRINDING GROUP: COMPANY OVERVIEW
  • TABLE 185 UNITED GRINDING GROUP: PRODUCTS OFFERED
  • TABLE 186 UNITED GRINDING GROUP: EXPANSIONS
  • TABLE 187 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: COMPANY OVERVIEW
  • TABLE 188 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: PRODUCTS OFFERED
  • TABLE 189 CITIZEN MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 190 CITIZEN MACHINERY CO., LTD.: PRODUCTS OFFERED
  • TABLE 191 CITIZEN MACHINERY CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 192 FFG EUROPEAN & AMERICAN HOLDINGS GMBH: COMPANY OVERVIEW
  • TABLE 193 HMT MACHINE TOOLS LIMITED: COMPANY OVERVIEW
  • TABLE 194 SPINNER WERKZEUGMASCHINENFABRIK GMBH: COMPANY OVERVIEW
  • TABLE 195 GLEASON CORPORATION: COMPANY OVERVIEW
  • TABLE 196 GROB-WERKE GMBH & CO. KG: COMPANY OVERVIEW
  • TABLE 197 BLASER SWISSLUBE: COMPANY OVERVIEW
  • TABLE 198 CASTROL LIMITED: COMPANY OVERVIEW
  • TABLE 199 QUAKER HOUGHTON: COMPANY OVERVIEW
  • TABLE 200 SCHULER AG: COMPANY OVERVIEW
  • TABLE 201 ELECTRONICA HI-TECH ENGINEERING PVT. LTD.: COMPANY OVERVIEW
  • TABLE 202 ACEMICROMATIC GROUP: COMPANY OVERVIEW
  • TABLE 203 TUNGALOY CORPORATION: COMPANY OVERVIEW
  • TABLE 204 MACHINE TOOLS INDIA LIMITED: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 MARKET SEGMENTATION
  • FIGURE 2 RESEARCH DESIGN
  • FIGURE 3 RESEARCH DESIGN MODEL
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 6 MACHINE TOOLS MARKET: BOTTOM-UP APPROACH
  • FIGURE 7 MARKET: TOP-DOWN APPROACH
  • FIGURE 8 MARKET ESTIMATION NOTES
  • FIGURE 9 DATA TRIANGULATION
  • FIGURE 10 MARKET OVERVIEW
  • FIGURE 11 CNC MACHINE TOOLS SEGMENT TO HOLD LARGER MARKET SHARE THAN CONVENTIONAL MACHINE TOOLS SEGMENT FROM 2023 TO 2030
  • FIGURE 12 MILLING MACHINES SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
  • FIGURE 13 AUTOMOTIVE AND TRANSPORTATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 15 RISING DEMAND FOR MACHINE TOOLS IN ASIA PACIFIC TO DRIVE MARKET
  • FIGURE 16 MILLING MACHINES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 17 CNC MACHINE TOOLS SEGMENT TO HOLD LARGER MARKET SHARE THAN CONVENTIONAL MACHINE TOOLS SEGMENT DURING FORECAST PERIOD
  • FIGURE 18 DEALERS AND DISTRIBUTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 19 AUTOMOTIVE AND TRANSPORTATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 20 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 21 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 MANUFACTURING INDUSTRY VALUE ADDED GROWTH, 2019–2023
  • FIGURE 23 APPROACHES FOR INCREASING ENERGY EFFICIENCY OF MACHINE TOOLS
  • FIGURE 24 VEHICLE PRODUCTION, 2020–2022
  • FIGURE 25 EVOLUTIONARY HISTORY OF INDUSTRIALIZATION AND MACHINE TOOLS
  • FIGURE 26 ADAPTIVE CONTROL SYSTEMS FOR MACHINE TOOLS
  • FIGURE 27 WORKFORCE SKILL GAP BETWEEN 2018 AND 2028
  • FIGURE 28 ECOSYSTEM ANALYSIS
  • FIGURE 29 MARKET: VALU CHAIN ANALYSIS
  • FIGURE 30 DEALS OF KEY PLAYERS, 2020–2023
  • FIGURE 31 SYSTEM ARCHITECTURE OF INTELLIGENT NUMERICAL CONTROLLER (INC)
  • FIGURE 32 IOT FOR MACHINE TOOL MONITORING SOLUTIONS
  • FIGURE 33 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN MARKET
  • FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MACHINE TOOLS, BY PRODUCT TYPE
  • FIGURE 35 KEY BUYING CRITERIA FOR MACHINE TOOLS, BY PRODUCT TYPE
  • FIGURE 36 MILLING MACHINES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 37 CNC MACHINE TOOLS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 38 DEALERS AND DISTRIBUTORS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 39 AUTOMOTIVE AND TRANSPORTATION SEGMENT TO LEAD MARKET FROM 2023 TO 2030
  • FIGURE 40 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • FIGURE 41 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 42 MARKET SHARE OF LEADING MACHINE TOOL COMPANIES IN SOUTH KOREA, 2022
  • FIGURE 43 EUROPE: MARKET SNAPSHOT
  • FIGURE 44 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 45 RUSSIA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 46 COMPANY VALUATION, 2023
  • FIGURE 47 COMPANY FINANCIAL METRICS, 2023
  • FIGURE 48 TOP PUBLIC/LISTED PLAYERS DOMINATING MARKET, 2018–2022
  • FIGURE 49 MARKET: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 50 MARKET: START-UP/SME EVALUATION MATRIX, 2023
  • FIGURE 51 MAKINO INC.: COMPANY SNAPSHOT
  • FIGURE 52 JTEKT CORPORATION: COMPANY SNAPSHOT
  • FIGURE 53 OKUMA CORPORATION: COMPANY SNAPSHOT
  • FIGURE 54 DMG MORI: COMPANY SNAPSHOT
  • FIGURE 55 FINANCIAL PERFORMANCE TARGET FOR 2025 (USD BILLION)
  • FIGURE 56 DN SOLUTIONS: COMPANY SNAPSHOT
  • FIGURE 57 GEORG FISCHER LTD.: COMPANY SNAPSHOT
  • FIGURE 58 AMADA CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 59 AMADA CO., LTD.: COMPANY FOOTPRINT
  • FIGURE 60 HYUNDAI WIA CORP.: COMPANY SNAPSHOT
  • FIGURE 61 HYUNDAI WIA CORP.: SHARE IN SOUTH KOREAN MARKET
  • FIGURE 62 CHIRON GROUP SE: INCOMING ORDERS
  • FIGURE 63 KOMATSU NTC: COMPANY GEOGRAPHIC PRESENCE

 

This research study involved the use of extensive secondary sources, directories, and databases, which were used to classify and gather the facts and figures useful for the technical, market-oriented, and commercial study of the global machine tools market. Primary interviews were conducted to obtain and verify critical inputs on qualitative and quantitative information and to assess the prospects of the machine tools industry. Primary sources mainly included experts from the core and related industries, suppliers, manufacturers, distributors, technology developers, and organizations related to various segments of this industry’s value chain. Detailed interviews were conducted with various primary respondents that included key industry participants, subject matter experts, C-level executives of key market players, and industry consultants.

Secondary Research

In the secondary research process, various secondary sources were used to identify and collect information for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; whitepapers, certified publications; articles from recognized authors, directories, and databases; and articles from recognized associations and government publishing sources. Secondary research has been used to obtain key information about the industry’s value chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from the market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the global machine tools market scenarios through secondary research. Several primary interviews were conducted with market experts from both the demand (country-level government associations, trade associations, institutes, R&D centers, and machine tools manufacturers) and supply (machine tools manufacturers, machine tools component manufacturers, and raw material suppliers) sides across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. The experts involved in primary interviews are 24% from the demand side, and 76% from the supply side of the industry. Primary data was collected through questionnaires, emails, and telephonic interviews. Several primary interviews were conducted from various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in the report.

After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primary interviews. This, along with the in-house subject matter experts’ opinions, led to the findings delineated in the rest of this report.

Global Machine Tools  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the size of the global machine tools market. In this approach, the machine tools sales statistics were considered at the country level.

  • In terms of value, consumption data of machine tools at the country level was derived to determine the market size. The number of machine tools varied from country to country. The country-level data was summed up to arrive at the region-level data in terms of value. The summation of the country-level market size gave the regional market size, and further summation of the regional market size provided the global machine tools market size.

Global Machine Tools  Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

The top-down approach was used to estimate and validate the size of the global machine tools market by automation, product type, sales channel, and end user industry. To derive the market size by product type, the global market size in terms of value was divided into milling machines, drilling machines, turning machines, grinding machines, and electrical discharge machines using the penetration and percentage split, respectively. The global market was further segmented at the regional level. A similar approach was used to derive the market size of automation, sales channel, and end user industry segments in terms of value.

Global Machine Tools  Market Top Down Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Machine tools are stationary, power-driven equipment used to shape or form parts made of metals, alloys, and composites by cutting, grinding, boring, shearing, etc. These machine tools include milling, drilling, turning, grinding, and electrical discharge machines. CNC machine tools are computer-controlled machines, which provide better precision and control than conventional machine tools.

List of Key Stakeholders

  • Automation consultants
  • Companies developing and integrating industrial software
  • Dealers and distributors of machine tools
  • Government regulatory bodies, industry associations, and experts
  • Integrators of automation systems
  • Manufacturers of machine tools
  • Manufacturers of machine tool components
  • Research organizations and consulting companies
  • Technology investors
  • Technology standards organization, forums, alliances, and associations
  • Vendors of CNC machining software

Report Objectives

  • To analyze and forecast the global machine tools market size, in terms of value (USD billion)
  • To define, describe, and project the market based on product type, automation, end user industry, sales channel, and region
  • To analyze and forecast the market, in terms of value, based on product type [milling machines (4-axis, 5-axis, others, universal machines, machining centers), drilling machines, turning machines (Swiss-type, multi-spindle, others, universal machines), grinding machines, and electrical discharge machines]
  • To analyze and forecast the market in terms of value, based on sales channels (events and exhibitions, dealers and distributors, and direct sales)
  • To analyze and forecast the market, in terms of value, based on automation (CNC machine tools and conventional machine tools)
  • To analyze and forecast the market, in terms of value, based on end user industry (automotive and transportation, aerospace, medical, semiconductor, sheet metals, energy and power, capital goods, and others).
  • To analyze and forecast the market across four key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with major countries in each region.
  • To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

  • Additional company profile (Up to 5)
  • Machine tools market, by end user industry, at the country level
  • Machine tools market, by automation, at the country level
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AT 7325
Published ON
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