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Machine Tools Market Size, Share & Trends Report, 2032

Report Code AT 7325
Published in Jun, 2025, By MarketsandMarkets™

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Machine Tools Market by Product Type (Milling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machine, Machining Centers), Automation Type (CNC, Conventional), End-User Industry, Sales Channel, and Region - Global Forecast to 2032

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USD 105.11 BN
MARKET SIZE, 2030
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CAGR 3.8%
(2025-2030)
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260
REPORT PAGES
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220
MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The machine tools market is projected to reach USD 105.11 billion by 2032, from USD 81.09 billion in 2025, at a CAGR of 3.8%. The market is experiencing strong growth driven by the adoption of advanced technologies such as digital twin simulations, closed-loop machining, and adaptive control systems, all of which improve precision and minimize downtime. Modern machining centers have multi-axis capabilities (5-axis and beyond), high-resolution linear encoders, and direct-drive motors, allowing manufacturers to produce complex geometries in a single setup with minimal repositioning. In addition, closed thermal loop systems combined with predictive analytics are being deployed to counteract drift from ambient temperature changes, an essential factor for ultra-high precision operations. These innovations are advancing machining performance and transforming cost efficiency and process reliability across key end-use industries.

KEY TAKEAWAYS

  • BY PRODUCT TYPE
    Machining centers lead the machine tools market due to their versatility and multifunctionality, performing milling, drilling, tapping, and boring in a single setup. Advanced technologies like CNC controls, sensors, and adaptive systems enhance precision, efficiency, and flexibility, making them ideal for diverse industries and driving widespread adoption.
  • BY END-USER INDUSTRY
    The automotive and transportation segment is projected to register the highest CAGR during the forecast period due to the growing automotive manufacturing footprint across India, Southeast Asia, and Europe, the emphasis on using lightweight materials, and the adoption of advanced manufacturing technologies. As a result, there will be a greater need for specialized and innovative machine tools.
  • BY SALES CHANNEL
    The dealers and distributors segment is estimated to hold the largest market share during the forecast period due to a strong established network, customer relationships, brand control, and profitability.
  • BY AUTOMATION
    The CNC machine tools segment is estimated to lead the market during the forecast period. The combination of unmatched precision, high efficiency, versatility, and continuous innovation makes CNC machines the undisputed champions of automation in the machine tools market.
  • BY REGION
    The Asia Pacific holds the largest share in the machine tools market, driven by vast manufacturing hubs in China, Japan, and India. Emerging hubs in Southeast Asia, supported by incentives for large-scale manufacturing, are further boosting regional production capacity. Strategic focus on automated and advanced manufacturing technologies continues to strengthen the region’s market dominance.
  • COMPETITIVE LANDSCAPE
    The machine tools market is dominated by key players such as Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI (Japan), and DN Solutions (South Korea). These players have a global distribution network across Asia Pacific, North America, and Europe. These companies are vital in their domestic regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market share through expansions, investments, joint ventures, collaboration, and partnerships.

The machine tools market is driven by rising demand for customized consumer products, which is pushing industries toward agile manufacturing systems supported by advanced CAD/CAM integration and rapid tooling solutions. Further, digital transformation across factories is encouraging the use of machine tools with built-in sensors and real-time analytics, enabling smarter quality control and adaptive machining processes.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The machine tools market is experiencing rapid growth, driven by trends like Industry 4.0, automation, and the integration of AI and IoT, enabling smarter, more efficient manufacturing. Demand is shifting toward flexible, multi-axis, and hybrid machines that reduce setup time and support mass customization. Meanwhile, supply chain volatility, skilled labor shortages, and the transition to sustainable production methods are forcing customers to rethink operations, invest in digital capabilities, and adopt service-based business models to stay competitive.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Heightened focus on automation
  • Increased demand for precision and efficiency
RESTRAINTS
Impact
Level
  • High initial investment costs
OPPORTUNITIES
Impact
Level
  • Industry 4.0 and digitization
  • Rapid adoption of CNC technology
CHALLENGES
Impact
Level
  • Absence of standardization in industrial communication protocols
  • Lack of skilled workforce to operate automated machine tools

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Increased demand for precision and efficiency

The machine tools market is growing as the automotive, aerospace, and electronics industries demand precise and efficient machinery for mass production. Automation, CNC technologies, and Industry 4.0 integration accelerate adoption, while government initiatives and rising exports further support global installations. Further, with an increasing focus on productivity and cost efficiency, the market is expected to witness sustained growth in the coming years.

Restraint: High initial investment costs

High investments in machine tools, including shipping, installation, and maintenance, remain a major restraint for the global market. CNC machines are costly, heavy, and often require customization and upgrades, adding to expenses. These high costs limit adoption in cost-sensitive regions and industries, slowing market growth.

Opportunity: Digital transformation and Industry 4.0 propel innovation

Industry 4.0 and digitization are transforming the global machine tools market by driving demand for smarter, flexible, and highly automated solutions that improve efficiency through real-time data, predictive maintenance, and IoT-enabled connectivity. This shift is accelerating the rise of smart factories worldwide and creating new revenue streams through digital services, software subscriptions, and lifecycle management.

Challenge: Absence of standardization in industrial communication protocols and interfaces

The lack of standardized industrial communication protocols limits interoperability between machine tools, raising integration costs and delaying commissioning. Proprietary protocols and inconsistent interfaces complicate upgrades and IoT deployment. This discourages smaller manufacturers from modernizing, slowing Industry 4.0 adoption.

Machine Tools Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Integration of hybrid machine tools combining additive manufacturing (AM) and CNC Enables complex part production, reduces material waste, shortens lead times
Use of multi-tasking machine centers (turn-mill & 5-axis machining) Reduces setup time, improves precision, boosts productivity
Smart CNC machines with integrated IoT and AI-driven monitoring Predictive maintenance, reduced downtime, higher process reliability
Affordable CNC machines for small and medium-sized manufacturers Cost-effective, easy-to-use, increases accessibility to advanced machining
High-speed machining centers for aerospace and die/mold applications Improved surface finish, faster cycle times, high accuracy in complex geometries

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The ecosystem analysis examines the connections and interdependencies within a complex system. It can be applied to various fields. The ecosystem analysis section of this report highlights players in the machine tools market ecosystem, including raw material suppliers, component manufacturers, cutting tool manufacturers, software and digitization providers, machine tools manufacturers, distributors and dealers, and maintenance and service providers.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Machine Tools Market, By Automation

The CNC machine tools segment is experiencing significant growth in automation, driven by cutting-edge technologies such as AI-enhanced programming, predictive maintenance, and hybrid manufacturing. Moreover, cloud-based CNC platforms enable remote monitoring, diagnostics, and collaborative programming, helping manufacturers reduce unplanned downtime and ensure higher throughput.

Machine Tools Market, By Product Type

The machining centers segment is the largest and fastest growing market due to increased demand for high-precision, automated manufacturing solutions across industries such as automotive, aerospace, and electronics. Further, the five-axis machining center is another popular form of center that can pivot the tool and/or the component to mill and drill at different angles. These centers enhance productivity by enabling multi-functional machining operations in a single setup, reducing downtime and operational costs.

Machine Tools Market, By Sales Channel

By sales channel, the dealers and distributors segment is expected to lead the market during the forecast period. Dealers and distributors typically have established networks and reach across various regions, allowing them to effectively distribute machine tools to a larger customer base. Dealers and distributors often provide technical expertise, support, and after-sales services, which can be crucial in the machine tools industry, where proper installation, training, and maintenance are essential for optimal performance.

Machine Tools Market, By End-User Industry

The automotive and transportation segment is estimated to account for the largest share of the market in 2025. Advanced machine tools contribute to higher productivity and cost savings in the automotive industry through automation and efficient production processes. Automakers are increasingly adopting CNC machines and robotic systems to achieve high-precision machining of complex components such as battery housings, electric drivetrains, and lightweight chassis parts.

REGION

Asia Pacific is expected to be the largest market for the machine tools market during the forecast period

The Asia Pacific is projected to account for the largest share of the machine tools market. The region is a powerhouse in the global machine tools market, with its robust and rapidly expanding manufacturing sector. As countries such as China, India, Japan, and South Korea continue to experience industrialization and economic development, the demand for advanced and efficient machine tools has soared. The automotive, electronics, aerospace, and heavy machinery industries, which are major contributors to the region’s economic output, heavily rely on cutting-edge machine tools for precision manufacturing, leading to a consistent surge in market demand.

Machine Tools Market: COMPANY EVALUATION MATRIX

In the machine tools market, DMG Mori (Star) leads with a strong global presence, a broad product portfolio, and advanced multi-axis CNC solutions, driving large-scale adoption across aerospace, automotive, and medical sectors. Haas Automation Inc. (Emerging Leader) is gaining momentum with cost-effective, user-friendly machine tools and strong penetration in small and medium enterprises, particularly in precision manufacturing and job shops. While DMG Mori dominates with technological depth and scale, Haas demonstrates strong growth potential to advance toward the leaders' quadrant through accessibility and expanding international footprint.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 105.11 Billion
Market Forecast in 2030 (Value) USD 81.09 Billion
Growth Rate CAGR of 3.8% from 2025-2032
Years Considered 2021-2032
Base Year 2024
Forecast Period 2025-2032
Units Considered Value (USD Billion)
Report Coverage Revenue forecast, company share, competitive landscape, growth factors and trends
Segments Covered By Product type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machine, Machining Centers, and Others; By Automation: Conventional Machine Tools and CNC Machine Tools; By Sales Channel: Events and Exhibitions, Dealers and Distributers, Direct Sales; By End-User Industry: Aerospace, Medical, Semiconductor, Automotive and Transportation, Capital Good, Energy and Power, Sheet Metals, Others
Regions Covered Asia Pacific, Europe, North America, and Rest of the World

WHAT IS IN IT FOR YOU: Machine Tools Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Global Machine Tool OEM
  • Competitive benchmarking of CNC and non-CNC product portfolios (precision, automation, cost, throughput)
  • End-user adoption mapping across automotive, aerospace, defense, and heavy industries
  • Analysis of automation integration and Industry 4.0 readiness
  • Identify white spaces in product specifications
  • Detect automation and digitalization adoption trends
  • Highlight priority industries for product expansion
Machine Tools Consumption Data
  • Machine tool consumption benchmarking by sector: automotive, aerospace, energy, and general engineering
  • Capacity utilization and demand-supply balance analysis across end-user industries
  • Mapping of technology adoption and automation integration in consumption patterns
  • Identify priority sectors for machine tool deployment
  • Reduce operational risk by aligning with sector-specific demand growth

RECENT DEVELOPMENTS

  • May 2025 : Okuma Corporation announced an agreement with Maquinas e Solucoes Servicos de Representacao e Manutencao de Equipamentos Ltda (M&S) to distribute Okuma Machine Tools products and services in Brazil.
  • April 2025 : Makino Asia announced a collaboration with the Singapore Centre for 3D Printing (SC3DP), reinforcing its commitment to advancing metal additive manufacturing. This partnership will focus on unlocking new industrial applications, enhancing repair and coating capabilities, and exploring material innovations. By combining Makino’s expertise in precision manufacturing with SC3DP’s cutting-edge research, both organizations seek to accelerate the adoption of additive manufacturing across key industries.
  • April 2025 : Citizen Machinery Co., Ltd. launched the third generation Cincom L20-LFV series of sliding-head lathes in a CNC automatic lathe.
  • March 2025 : JTEKT Corporation launched the WELE UG630 a five-axis vertical machining center. It is designed for high-rigidity machining and complex multi-surface operations.
  • September 2024 : DMG MORI partnered with Renishaw and Siemens to use simulated packages for CNC control, machine, and workpiece models through the Xcelerator Marketplace.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
23
RESEARCH METHODOLOGY
31
EXECUTIVE SUMMARY
45
PREMIUM INSIGHTS
49
MARKET OVERVIEW
52
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising adoption of manufactured goods
    - Increased demand for precision and efficiency
    - Growing automobile production
    - Heightened focus on automation
    RESTRAINTS
    - High initial investment
    OPPORTUNITIES
    - Industry 4.0 and digitization
    - Rapid adoption of CNC technology
    - Increased implementation of adaptive machining
    CHALLENGES
    - Absence of standardization in industrial communication protocols
    - Lack of skilled workforce to operate automated machine tools
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF MACHINE TOOLS OFFERED BY KEY PLAYERS
    AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.5 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
  • 5.6 VALUE CHAIN ANALYSIS
  • 5.7 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
    HYPERION MATERIALS & TECHNOLOGIES EMPLOYED HIGH-PRECISION SOLUTION FOR MANUFACTURING
    GRUPOS DIFERENCIALES CUSTOMIZED GRINDING MACHINES FOR MACHINING GEARS
    MAN DIESEL & TURBO INCORPORATED HIGH-PRECISION GRINDING MACHINE FOR TURBO-COMPRESSORS
  • 5.8 INVESTMENT AND FUNDING SCENARIO
  • 5.9 PATENT ANALYSIS
  • 5.10 IMPACT OF AI/GEN AI
  • 5.11 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Smart features and networks
    - Automated and IoT-ready machines
    COMPLEMENTARY TECHNOLOGIES
    - Advanced materials and cutting tool technology
    - Additive manufacturing integration
    ADJACENT TECHNOLOGIES
    - Software and digital twin technology
  • 5.12 REGULATORY LANDSCAPE
  • 5.13 TREND ANALYSIS
    IMPORT SCENARIO (HS CODE 8458)
    EXPORT SCENARIO (HS CODE 8458)
  • 5.14 KEY CONFERENCES AND EVENTS, 2025–2026
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
MACHINE TOOLS MARKET, BY PRODUCT TYPE
Market Size Potential and Opportunity Assessment To 2032 - Value (USD Billion)
87
  • 6.1 INTRODUCTION
  • 6.2 MILLING MACHINES
    FOCUS ON PROCESS AUTOMATION TO DRIVE MARKET
    MILLING MACHINES MARKET, BY AXIS TYPE
    - 4-axis
    - 5-axis
    UNIVERSAL MILLING MACHINES
  • 6.3 DRILLING MACHINES
    RAPID INDUSTRIALIZATION AND INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET
  • 6.4 TURNING MACHINES
    DEMAND FOR ACCURACY AND VERSATILITY FROM AEROSPACE AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET
    TURNING MACHINES MARKET, BY TYPE
    - Swiss-type
    - Multi-spindle
    UNIVERSAL TURNING MACHINES
  • 6.5 GRINDING MACHINES
    NEED FOR COST-EFFECTIVE MACHINING SOLUTIONS TO DRIVE MARKET
  • 6.6 ELECTRICAL DISCHARGE MACHINES
    CONTINUOUS ADVANCEMENTS IN TECHNOLOGY TO DRIVE MARKET
  • 6.7 MACHINING CENTERS
    INCREASED ADOPTION OF AUTOMATION IN MANUFACTURING PROCESSES TO DRIVE MARKET
  • 6.8 OTHERS
  • 6.9 PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY AUTOMATION
Market Size Potential and Opportunity Assessment To 2032 - Value (USD Billion)
103
  • 7.1 INTRODUCTION
  • 7.2 CNC MACHINE TOOLS
    CUSTOMIZATION DEMANDS FROM DIVERSE INDUSTRIES TO DRIVE MARKET
  • 7.3 CONVENTIONAL MACHINE TOOLS
    LOWER CAPITAL INVESTMENT AND EASE OF OPERATION TO DRIVE MARKET
  • 7.4 PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY SALES CHANNEL
Market Size Potential and Opportunity Assessment To 2032 - Value (USD Billion)
109
  • 8.1 INTRODUCTION
  • 8.2 DIRECT SALES
    DEMAND FOR TAILORED SOLUTIONS AND QUICKER FEEDBACK LOOPS TO DRIVE MARKET
  • 8.3 EVENTS & EXHIBITIONS
    UNTAPPED NETWORKING AND EXPANSION POTENTIAL TO DRIVE MARKET
  • 8.4 DEALERS & DISTRIBUTORS
    STRONG LOCAL MARKET ACCESS TO DRIVE MARKET
  • 8.5 PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY END-USER INDUSTRY
Market Size Potential and Opportunity Assessment To 2032 - Value (USD Billion)
115
  • 9.1 INTRODUCTION
  • 9.2 AEROSPACE
    GROWING RELIANCE ON HIGH-PRECISION COMPONENTS TO DRIVE MARKET
  • 9.3 MEDICAL
    INCREASED PREFERENCE FOR PRECISION MEDICAL DEVICES AND BIOCOMPATIBLE MATERIALS TO DRIVE MARKET
  • 9.4 SEMICONDUCTOR
    HIGH DEMAND FOR MACHINE TOOLS IN DIE AND WIRE BONDING PROCESSES TO DRIVE MARKET
  • 9.5 AUTOMOTIVE & TRANSPORTATION
    EMPHASIS ON INCREASING MANUFACTURING EFFICIENCY DURING MASS PRODUCTION TO DRIVE MARKET
  • 9.6 CAPITAL GOODS
    HEIGHTENED DEMAND FOR FABRICATED METAL PARTS TO DRIVE MARKET
  • 9.7 ENERGY & POWER
    EXTENSIVE USE IN MANUFACTURING LARGE, HIGH-PRECISION COMPONENTS TO DRIVE MARKET
  • 9.8 SHEET METAL
    IMPROVED THROUGHPUT AND DECREASED DOWNTIME WITH INDUSTRY 4.0 FEATURES TO DRIVE MARKET
  • 9.9 OTHERS
  • 9.10 PRIMARY INSIGHTS
MACHINE TOOLS MARKET, BY REGION
Country-level Analysis, Market Size Potential and Opportunity Assessment to 2032, By Automation - Value (USD Billion)
128
  • 10.1 INTRODUCTION
  • 10.2 ASIA PACIFIC
    MACROECONOMIC OUTLOOK
    CHINA
    - Government-led initiatives for automation to drive market
    JAPAN
    - Increased production of precision components for automotive industry to drive market
    SOUTH KOREA
    - Elevated demand for advanced machine tools to drive market
    INDIA
    - Anticipated growth in high-end machine tool manufacturing to drive market
    THAILAND
    - Large-scale automobile production to drive market
    TAIWAN
    - Shift toward smart manufacturing to drive market
    VIETNAM
    - Increased foreign investments to drive market
    MALAYSIA
    - Surge in demand from key end-user industries to drive market
    REST OF ASIA PACIFIC
  • 10.3 EUROPE
    MACROECONOMIC OUTLOOK
    UK
    - Technological developments in automotive industry to drive market
    GERMANY
    - Growing investments in advanced manufacturing processes to drive market
    FRANCE
    - Foreign investments and government incentives in electric and hybrid vehicles to drive market
    ITALY
    - Government support for machine tool manufacturing to drive market
    SPAIN
    - Emphasis on cutting-edge technology to drive market
    SWITZERLAND
    - Robust industrial environment to drive market
    TURKEY
    - Strategic shift toward export-driven manufacturing to drive market
  • 10.4 NORTH AMERICA
    MACROECONOMIC OUTLOOK
    US
    - Increased funding for smart machining solutions by local and global players to drive market
    CANADA
    - New product launches and advanced manufacturing facilities to drive market
    MEXICO
    - Booming automotive industry to drive market
  • 10.5 REST OF THE WORLD
    MACROECONOMIC OUTLOOK
    RUSSIA
    - Push toward modernization and self-reliance to drive market
    BRAZIL
    - Ongoing modernization of domestic manufacturing sector to drive market
COMPETITIVE LANDSCAPE
172
  • 11.1 INTRODUCTION
  • 11.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN, 2021–2025
  • 11.3 MARKET SHARE ANALYSIS, 2024
  • 11.4 REVENUE ANALYSIS, 2020–2024
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.6 BRAND/PRODUCT COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
    - Company footprint
    - Region footprint
    - Product type footprint
    - Sales channel footprint
  • 11.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
    - List of start-ups/SMEs
    - Competitive benchmarking of start-ups/SMEs
  • 11.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES/DEVELOPMENTS
    DEALS
    EXPANSIONS
COMPANY PROFILES
189
  • 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
    AMADA CO., LTD.
    - 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 developments
    INDEX-WERKE GMBH & CO. KG HAHN & TESSKY
    - Business overview
    - Products offered
    - Recent developments
    CITIZEN MACHINERY CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    EMAG GMBH & CO. KG
    - Business overview
    - Products offered
    - Recent developments
    SHENYANG MACHINE TOOL 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
    ISEMBARD MACHINE TOOLS
    MANUKAI AG
    IPERCEPT TECHNOLOGY
    AUGURY LTD.
RECOMMENDATIONS BY MARKETSANDMARKETS
252
  • 13.1 GROWING DEVELOPMENT OF CNC MACHINES IN MANUFACTURING PLANTS TO REDUCE OPERATING COSTS AND INCREASE PRODUCTION EFFICIENCY
  • 13.2 ASIA PACIFIC TO GROW RAPIDLY DURING FORECAST PERIOD
  • 13.3 RISING DEMAND FOR MACHINING CENTERS
  • 13.4 CONCLUSION
APPENDIX
254
  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
    COMPANY PROFILE
    MACHINE TOOLS MARKET, BY PRODUCT TYPE, AT COUNTRY LEVEL
    MACHINE TOOLS MARKET, BY END-USER INDUSTRY, 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 CURRENCY EXCHANGE RATES (PER USD)
  • TABLE 6 IMPACT OF MARKET DYNAMICS
  • TABLE 7 AVERAGE SELLING PRICE OF MACHINE TOOLS OFFERED BY KEY PLAYERS, 2024 (USD)
  • TABLE 8 AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY PRODUCT TYPE, 2022–2024 (USD)
  • TABLE 9 AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY REGION, 2022–2024 (USD)
  • TABLE 10 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 11 LIST OF FUNDINGS, 2021–2024
  • TABLE 12 PATENT ANALYSIS
  • TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 IMPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 18 EXPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 19 KEY CONFERENCES AND EVENTS, 2025–2026
  • TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PRODUCT TYPE
  • TABLE 21 KEY BUYING CRITERIA, BY PRODUCT TYPE
  • TABLE 22 MARKET, BY PRODUCT TYPE, 2021–2024 (USD BILLION)
  • TABLE 23 MARKET, BY PRODUCT TYPE, 2025–2032 (USD BILLION)
  • TABLE 24 MILLING MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 25 MILLING MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 26 LIST OF 4 AND 5-AXIS MILLING MACHINES
  • TABLE 27 MILLING MARKET, BY AXIS TYPE, 2021–2024 (USD BILLION)
  • TABLE 28 MILLING MARKET, BY AXIS TYPE, 2025–2032 (USD BILLION)
  • TABLE 29 DRILLING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 30 DRILLING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 31 TURNING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 32 TURNING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 33 TURNING MACHINE TOOLS MARKET, BY TYPE, 2021–2024 (USD BILLION)
  • TABLE 34 TURNING MACHINE TOOLS MARKET, BY TYPE, 2025–2032 (USD BILLION)
  • TABLE 35 GRINDING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 36 GRINDING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 37 ELECTRICAL DISCHARGE MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 38 ELECTRICAL DISCHARGE MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 39 MACHINING CENTER TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 40 MACHINING CENTER TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 41 OTHER MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 42 OTHER MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 43 MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 44 MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 45 CNC MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 46 CNC MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 47 CONVENTIONAL MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 48 CONVENTIONAL MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 49 MACHINE TOOLS MARKET, BY SALES CHANNEL, 2021–2024 (USD BILLION)
  • TABLE 50 MACHINE TOOLS MARKET, BY SALES CHANNEL, 2025–2032 (USD BILLION)
  • TABLE 51 DIRECT SALES: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 52 DIRECT SALES: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 53 EVENTS & EXHIBITIONS: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 54 EVENTS & EXHIBITIONS: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 55 DEALERS & DISTRIBUTORS: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 56 DEALERS & DISTRIBUTORS: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 57 MACHINE TOOLS MARKET, BY END-USER INDUSTRY, 2021–2024 (USD BILLION)
  • TABLE 58 MARKET, BY END-USER INDUSTRY, 2025–2032 (USD BILLION)
  • TABLE 59 AEROSPACE: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 60 AEROSPACE: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 61 MEDICAL: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 62 MEDICAL: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 63 SEMICONDUCTOR: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 64 SEMICONDUCTOR: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 65 AUTOMOTIVE & TRANSPORTATION: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 66 AUTOMOTIVE & TRANSPORTATION: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 67 CAPITAL GOODS: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 68 CAPITAL GOODS: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 69 ENERGY & POWER: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 70 ENERGY & POWER: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 71 SHEET METAL: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 72 SHEET METAL: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 73 OTHERS: MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 74 OTHERS: MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 75 MARKET, BY REGION, 2021–2024 (USD BILLION)
  • TABLE 76 MARKET, BY REGION, 2025–2032 (USD BILLION)
  • TABLE 77 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2024 (USD BILLION)
  • TABLE 78 ASIA PACIFIC: MARKET, BY COUNTRY, 2025–2032 (USD BILLION)
  • TABLE 79 CHINA: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 80 CHINA: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 81 JAPAN: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 82 JAPAN: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 83 SOUTH KOREA: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 84 SOUTH KOREA: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 85 INDIA: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 86 INDIA: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 87 THAILAND: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 88 THAILAND: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 89 TAIWAN: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 90 TAIWAN: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 91 VIETNAM: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 92 VIETNAM: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 93 MALAYSIA: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 94 MALAYSIA: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 95 REST OF ASIA PACIFIC: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 96 REST OF ASIA PACIFIC: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 97 EUROPE: MARKET, BY COUNTRY, 2021–2024 (USD BILLION)
  • TABLE 98 EUROPE: MARKET, BY COUNTRY, 2025–2032 (USD BILLION)
  • TABLE 99 UK: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 100 UK: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 101 GERMANY: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 102 GERMANY: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 103 FRANCE: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 104 FRANCE: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 105 ITALY: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 106 ITALY: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 107 SPAIN: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 108 SPAIN: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 109 SWITZERLAND: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 110 SWITZERLAND: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 111 TURKEY: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 112 TURKEY: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 113 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2024 (USD BILLION)
  • TABLE 114 NORTH AMERICA: MARKET, BY COUNTRY, 2025–2032 (USD BILLION)
  • TABLE 115 US: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 116 US: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 117 CANADA: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 118 CANADA: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 119 MEXICO: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 120 MEXICO: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 121 REST OF THE WORLD: MARKET, BY COUNTRY, 2021–2024 (USD BILLION)
  • TABLE 122 REST OF THE WORLD: MARKET, BY COUNTRY, 2025–2032 (USD BILLION)
  • TABLE 123 RUSSIA: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 124 RUSSIA: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 125 BRAZIL: MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)
  • TABLE 126 BRAZIL: MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • TABLE 127 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
  • TABLE 128 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024
  • TABLE 129 REGION FOOTPRINT
  • TABLE 130 PRODUCT TYPE FOOTPRINT
  • TABLE 131 SALES CHANNEL FOOTPRINT
  • TABLE 132 LIST OF START-UPS/SMES
  • TABLE 133 COMPETITIVE BENCHMARKING OF START-UPS/SMES
  • TABLE 134 MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2025
  • TABLE 135 MARKET: DEALS, 2021–2025
  • TABLE 136 MARKET: EXPANSIONS, 2021–2025
  • TABLE 137 MAKINO INC.: COMPANY OVERVIEW
  • TABLE 138 MAKINO INC.: PRODUCTS OFFERED
  • TABLE 139 MAKINO INC.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 140 MAKINO INC.: DEALS
  • TABLE 141 MAKINO INC.: EXPANSIONS
  • TABLE 142 JTEKT CORPORATION: COMPANY OVERVIEW
  • TABLE 143 JTEKT CORPORATION: PRODUCTS OFFERED
  • TABLE 144 JTEKT CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 145 JTEKT CORPORATION: DEALS
  • TABLE 146 JTEKT CORPORATION: EXPANSIONS
  • TABLE 147 JTEKT CORPORATION: OTHER DEVELOPMENTS
  • TABLE 148 OKUMA CORPORATION: COMPANY OVERVIEW
  • TABLE 149 OKUMA CORPORATION: PRODUCTS OFFERED
  • TABLE 150 OKUMA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 151 OKUMA CORPORATION: DEALS
  • TABLE 152 OKUMA CORPORATION: OTHER DEVELOPMENTS
  • TABLE 153 DMG MORI: COMPANY OVERVIEW
  • TABLE 154 DMG MORI: PRODUCTS OFFERED
  • TABLE 155 DMG MORI: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 156 DMG MORI: DEALS
  • TABLE 157 DMG MORI: EXPANSIONS
  • TABLE 158 DMG MORI: OTHER DEVELOPMENTS
  • TABLE 159 DN SOLUTIONS: COMPANY OVERVIEW
  • TABLE 160 DN SOLUTIONS: PRODUCTS OFFERED
  • TABLE 161 DN SOLUTIONS: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 162 DN SOLUTIONS: DEALS
  • TABLE 163 DN SOLUTIONS: EXPANSIONS
  • TABLE 164 DN SOLUTIONS: OTHER DEVELOPMENTS
  • TABLE 165 AMADA CO., LTD.: COMPANY OVERVIEW
  • TABLE 166 AMADA CO., LTD.: PRODUCTS OFFERED
  • TABLE 167 AMADA CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 168 AMADA CO., LTD.: DEALS
  • TABLE 169 AMADA CO., LTD.: OTHER DEVELOPMENTS
  • TABLE 170 YAMAZAKI MAZAK CORPORATION: COMPANY OVERVIEW
  • TABLE 171 YAMAZAKI MAZAK CORPORATION: PRODUCTS OFFERED
  • TABLE 172 YAMAZAKI MAZAK CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 173 YAMAZAKI MAZAK CORPORATION: EXPANSIONS
  • TABLE 174 CHIRON GROUP SE: COMPANY OVERVIEW
  • TABLE 175 CHIRON GROUP SE: PRODUCTS OFFERED
  • TABLE 176 CHIRON GROUP SE: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 177 CHIRON GROUP SE: DEALS
  • TABLE 178 KOMATSU NTC: COMPANY OVERVIEW
  • TABLE 179 KOMATSU NTC: PRODUCTS OFFERED
  • TABLE 180 KOMATSU NTC: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 181 HAAS AUTOMATION, INC.: COMPANY OVERVIEW
  • TABLE 182 HAAS AUTOMATION, INC.: PRODUCTS OFFERED
  • TABLE 183 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: COMPANY OVERVIEW
  • TABLE 184 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCTS OFFERED
  • TABLE 185 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 186 GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: EXPANSIONS
  • TABLE 187 UNITED GRINDING GROUP: COMPANY OVERVIEW
  • TABLE 188 UNITED GRINDING GROUP: PRODUCTS OFFERED
  • TABLE 189 UNITED GRINDING GROUP: DEALS
  • TABLE 190 UNITED GRINDING GROUP: EXPANSIONS
  • TABLE 191 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: COMPANY OVERVIEW
  • TABLE 192 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: PRODUCTS OFFERED
  • TABLE 193 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 194 CITIZEN MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 195 CITIZEN MACHINERY CO., LTD.: PRODUCTS OFFERED
  • TABLE 196 CITIZEN MACHINERY CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 197 EMAG GMBH & CO. KG: COMPANY OVERVIEW
  • TABLE 198 EMAG GMBH & CO. KG: PRODUCTS OFFERED
  • TABLE 199 EMAG GMBH & CO. KG.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 200 EMAG GMBH & CO. KG: DEALS
  • TABLE 201 SHENYANG MACHINE TOOL CO., LTD.: COMPANY OVERVIEW
  • TABLE 202 SHENYANG MACHINE TOOL CO., LTD.: PRODUCTS OFFERED
  • TABLE 203 SHENYANG MACHINE TOOL CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
  • TABLE 204 SHENYANG MACHINE TOOL CO., LTD.: DEALS
  • TABLE 205 FFG EUROPEAN & AMERICAN HOLDINGS GMBH: COMPANY OVERVIEW
  • TABLE 206 HMT MACHINE TOOLS LIMITED: COMPANY OVERVIEW
  • TABLE 207 SPINNER WERKZEUGMASCHINENFABRIK GMBH: COMPANY OVERVIEW
  • TABLE 208 GLEASON CORPORATION: COMPANY OVERVIEW
  • TABLE 209 GROB-WERKE GMBH & CO. KG: COMPANY OVERVIEW
  • TABLE 210 BLASER SWISSLUBE: COMPANY OVERVIEW
  • TABLE 211 CASTROL LIMITED: COMPANY OVERVIEW
  • TABLE 212 QUAKER HOUGHTON: COMPANY OVERVIEW
  • TABLE 213 SCHULER AG: COMPANY OVERVIEW
  • TABLE 214 ELECTRONICA HI-TECH ENGINEERING PVT. LTD.: COMPANY OVERVIEW
  • TABLE 215 ACEMICROMATIC GROUP: COMPANY OVERVIEW
  • TABLE 216 TUNGALOY CORPORATION: COMPANY OVERVIEW
  • TABLE 217 MACHINE TOOLS INDIA LIMITED: COMPANY OVERVIEW
  • TABLE 218 ISEMBARD MACHINE TOOLS: COMPANY OVERVIEW
  • TABLE 219 MANUKAI AG: COMPANY OVERVIEW
  • TABLE 220 IPERCEPT TECHNOLOGY: COMPANY OVERVIEW
  • TABLE 221 AUGURY LTD.: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 MACHINE TOOLS MARKET SEGMENTATION
  • FIGURE 2 RESEARCH DESIGN
  • FIGURE 3 RESEARCH DESIGN MODEL
  • FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 5 BOTTOM-UP APPROACH
  • FIGURE 6 TOP-DOWN APPROACH
  • FIGURE 7 MARKET SIZE ESTIMATION NOTES
  • FIGURE 8 DATA TRIANGULATION
  • FIGURE 9 GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
  • FIGURE 10 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS
  • FIGURE 11 MARKET OVERVIEW
  • FIGURE 12 ASIA PACIFIC TO BE DOMINANT DURING FORECAST PERIOD
  • FIGURE 13 CNC MACHINE TOOLS TO BE LARGER THAN CONVENTIONAL MACHINE TOOLS DURING FORECAST PERIOD
  • FIGURE 14 MACHINING CENTERS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
  • FIGURE 15 RISING DEMAND FOR MACHINE TOOLS IN ASIA PACIFIC TO DRIVE MARKET
  • FIGURE 16 MACHINING CENTERS TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD
  • FIGURE 17 CNC MACHINE TOOLS TO HOLD HIGHER SHARE DURING FORECAST PERIOD
  • FIGURE 18 DEALERS & DISTRIBUTORS TO SECURE LEADING POSITION DURING FORECAST PERIOD
  • FIGURE 19 AUTOMOTIVE & TRANSPORTATION TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD
  • FIGURE 20 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR MACHINE TOOLS DURING FORECAST PERIOD
  • FIGURE 21 MARKET DYNAMICS
  • FIGURE 22 VALUE ADDED IN MANUFACTURING MARKET, 2018–2024
  • FIGURE 23 APPROACHES FOR INCREASING ENERGY EFFICIENCY OF MACHINE TOOLS
  • FIGURE 24 EVOLUTIONARY HISTORY OF INDUSTRIALIZATION AND MACHINE TOOLS
  • FIGURE 25 ADAPTIVE CONTROL SYSTEMS FOR MACHINE TOOLS
  • FIGURE 26 WORKFORCE SKILL GAP BETWEEN 2018 AND 2028
  • FIGURE 27 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY PRODUCT TYPE, 2022–2024 (USD)
  • FIGURE 29 AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY REGION, 2022–2024 (USD)
  • FIGURE 30 ECOSYSTEM ANALYSIS
  • FIGURE 31 VALUE CHAIN ANALYSIS
  • FIGURE 32 INVESTMENT AND FUNDING SCENARIO, 2021–2024
  • FIGURE 33 PATENT ANALYSIS
  • FIGURE 34 SYSTEM ARCHITECTURE OF INTELLIGENT NUMERICAL CONTROLLERS
  • FIGURE 35 IOT FOR MACHINE TOOL MONITORING SOLUTIONS
  • FIGURE 36 IMPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • FIGURE 37 EXPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PRODUCT TYPE
  • FIGURE 39 KEY BUYING CRITERIA, BY PRODUCT TYPE
  • FIGURE 40 MARKET, BY PRODUCT TYPE, 2025–2032 (USD BILLION)
  • FIGURE 41 MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)
  • FIGURE 42 MARKET, BY SALES CHANNEL, 2025–2032 (USD BILLION)
  • FIGURE 43 MARKET, BY END-USER INDUSTRY, 2025–2032 (USD BILLION)
  • FIGURE 44 MARKET, BY REGION, 2025–2032 (USD BILLION)
  • FIGURE 45 ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 46 ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026
  • FIGURE 47 ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 48 ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 49 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 50 MARKET SHARE OF LEADING MACHINE TOOL COMPANIES IN SOUTH KOREA, 2024
  • FIGURE 51 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 52 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026
  • FIGURE 53 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 54 EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 55 EUROPE: MARKET SNAPSHOT
  • FIGURE 56 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 57 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026
  • FIGURE 58 NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 59 NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 60 NORTH AMERICA: MARKET, BY COUNTRY, 2025–2032 (USD BILLION)
  • FIGURE 61 REST OF THE WORLD: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 62 REST OF THE WORLD: GDP PER CAPITA, BY COUNTRY, 2024–2026
  • FIGURE 63 REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 64 REST OF THE WORLD: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 65 REST OF THE WORLD: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
  • FIGURE 66 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024
  • FIGURE 67 REVENUE ANALYSIS OF TOP FIVE PLAYERS 2020−2024 (USD BILLION)
  • FIGURE 68 COMPANY VALUATION OF PROMINENT PLAYERS
  • FIGURE 69 FINANCIAL METRICS OF PROMINENT PLAYERS
  • FIGURE 70 BRAND/PRODUCT COMPARISON
  • FIGURE 71 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
  • FIGURE 72 COMPANY FOOTPRINT
  • FIGURE 73 COMPANY EVALUATION MARKET (START-UPS/SMES), 2024
  • FIGURE 74 MAKINO INC.: COMPANY SNAPSHOT
  • FIGURE 75 JTEKT CORPORATION: COMPANY SNAPSHOT
  • FIGURE 76 OKUMA CORPORATION: COMPANY SNAPSHOT
  • FIGURE 77 DMG MORI: COMPANY SNAPSHOT
  • FIGURE 78 DN SOLUTIONS: COMPANY SNAPSHOT
  • FIGURE 79 DN SOLUTIONS: COMPANY REGIONAL PRESENCE
  • FIGURE 80 AMADA CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 81 YAMAZAKI MAZAK CORPORATION: COMPANY SNAPSHOT
  • FIGURE 82 KOMATSU NTC: GEOGRAPHICAL PRESENCE
  • FIGURE 83 CITIZEN MACHINERY CO., LTD.: COMPANY SNAPSHOT

 

Methodology

The study involved four major activities in estimating the current size of the machine tools market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step involved validating these findings and assumptions and sizing them with industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study included annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized authors. Secondary research was mainly used to obtain key information about the value chain of the industry, the total pool of key players, market classification, segmentation according to industry trends to the bottommost level, regional markets, and key developments from both market and application perspectives.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the 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. Approximately 35% of interviews have been conducted from the demand side, while 65% of primary interviews have been conducted from the supply side. 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.

Machine Tools Market Size, and Share

Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value of the machine tools market and other dependent submarkets, as mentioned below:

  • The market size was derived by using parameters such as the consumption of machine tools.
  • Segment split was identified through primary and secondary research.
  • Key players in the machine tools market were identified through secondary research, and their global market ranking was determined through primary and secondary research.
  • The research methodology includes the study of the annual and quarterly financial reports & regulatory filings of major market players, as well as interviews with industry experts for detailed market insights.
  • All major penetration rates, percentage shares, splits, and breakdowns for the machine tools market were determined by using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Machine Tools Market : Top-Down and Bottom-Up Approach

Machine Tools Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand and supply-side participants.

Market Definition

According to ISO standards, a “machine tool is a mechanical device that is fixed and powered, typically used to process workpieces by selective removal/addition of material or mechanical deformation. Machine tools operation can be mechanical, controlled by humans, or by computers”. There is a great variety of metalworking machine tools: milling machines, lathes, sheet metal forming machines, EDM machines, and additive manufacturing machines are just some examples. Stainless steel, aluminum, titanium, and copper are some of the main metals processed by these machine tools. In addition to manufacturing components for key sectors like automotive, aerospace, energy, and medical technology, machine tools enable the production of all the other machines, including themselves.

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 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 and universal milling machines), drilling machines, turning machines (Swiss-type, multi-spindle, others, and universal milling machines), grinding machines, electrical discharge machines, machining centers, and others]
    • To analyze and forecast the market in terms of value based on sales channel (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 metal, 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
  • To study the following with respect to the market:
    • Value Chain Analysis
    • Ecosystem Analysis
    • Technology Analysis
    • HS Code
    • Case Study Analysis
    • Investment and Funding Scenario
    • Company Valuation and Financial Metrics
    • Brand/Product Comparison
    • Patent Analysis
    • Regulatory Landscape
    • Conferences and Events
    • Average Selling Price Analysis
    • Impact of Generative AI 
  • To strategically analyze segments with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market rank and core competencies
  • To track and analyze competitive developments, such as product launches/developments, deals, and others in the market
  • To analyze the opportunities offered by various segments of the market to its stakeholders
  • To analyze and forecast trends and orientation for the market in the global industry

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Product Analysis

  • Profiling of Up to Five Additional Market Players

Machine Tools Market, by Product Type, at Country Level

Machine Tools Market, by End-user Industry, at Country Level

Adjacent Markets

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Growth opportunities and latent adjacency in Machine Tools Market