Global Machine Tools Market

Global Machine Tools Market worth $98.3 billion in by 2027

The report "Global Machine Tools Market by product type (Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines), Automation Type, Industry Segment, Sales Channel, and Region – Global Forecast to 2027" The machine tools market is estimated to be USD 77.0 billion in 2019 and is projected to reach USD 98.3 billion by 2027, at a CAGR of 3.2%. The overall machine tools market is highly governed by the continually rising industrial manufacturing and processing sector worldwide. Asia Pacific is estimated to remain a frontrunner in the market during the forecast period. Several technological advancements have been introduced by the machine tools manufacturers in Europe and North America due to the demand for highly sophisticated products and components from the end users from those regions. The overall machine tool industry is quite fragmented with international and domestic players in the market. 

Browse 44 market data Tables and 46 Figures spread through 135 Pages and in-depth TOC on "Global Machine Tools Market by product type (Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines), Automation Type, Industry Segment, Sales Channel, and Region – Global Forecast to 2027"
View detailed Table of Content here -

Electrical Discharge Machine is the fastest growing product type

EDM is an important process in metal fabrication. Cutting of metals with precision and accuracy to the exact dimensions has been a driver for the acceptance of the EDM machines in the industrial sector across the globe. Advancement in the EDM machines has been possible due to continuous R&D efforts by major machine tools manufacturers. China is the leader in the introduction of EDM machines and is expected to surpass the North American and Rest of Asia markets taken together. In Europe, the maximum demand for EDM machines is mainly observed in Germany and Italy.

Direct sales is expected to be the fastest growing sales channel for the machine tool industry

Direct sales is selling directly to the consumers without any intervention of external parties. This is achieved via personal arrangements, in-person demos, and direct online sales. This helps in gaining direct feedback from the customer regarding the product or service and can be handled quickly. There is no requirement for sharing the revenues with a channel partner or reseller. The sales process, pricing, and all the components of the process can be controlled directly by the manufacturers.

Asia Pacific is the largest market for the machine tool industry, followed by Europe

Chinese economy growth is stable and the interest in spending money to develop high quality products and components is rising and will continue till the next decade. There has been growth in the manufacturing industry, and investments by major manufacturers in developing countries like India and China have increased. Other Asian countries such as Japan, Korea, and India are showcasing promising growth for the years 2017–2018, which is expected to continue until 2027. The Asian market is the hub for the European and North American machine tool manufacturers.

The machine tools market is dominated by Doosan Machine Tools Co. Ltd (Japan), AMADA Pvt. Ltd. (Japan), Makino (Japan), JTKET Corporation (Japan), Georg Fischer Ltd. (Switzerland), Komatsu NTC Ltd. (Japan), OKUMA Corporation (Japan), Hyundai WIA (South Korea), Schuler AG (Germany), Chiron Group SE (Germany), MAG IAS GmbH (Germany), GROB-WERKE GmbH & Co. KG (Germany), Haas Automation Inc. (USA), Gleason Corporation (USA), Spinner Machine Tools (Germany), Dalian Machine Tools Group Corporation (China), Yamazaki Mazak Corporation (Japan), DMG MORI (Germany), Electronica Hitech Engineering Pvt. Ltd. (India), Ace Micromatic Group (India).

Don’t miss out on business opportunities in Global Machine Tools Market . Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Global Machine Tools Market Size,  Share & Growth Report
Report Code
AT 7325
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Global Machine Tools Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2023 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets