Top Machine Tools Companies

The machine tools market is projected to reach USD 105.11 billion by 2032, from USD 81.09 billion in 2025, with a CAGR of 3.8%. The rising demand for customized consumer products is driving industries toward agile manufacturing systems, supported by advanced CAD/CAM integration and rapid tooling solutions. Additionally, digital transformation within factories is promoting the use of machine tools equipped with built-in sensors and real-time analytics, enabling smarter quality control and adaptive machining processes.

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A key trend reshaping the machine tools market is the integration of smart technologies and automation into machine tools. The convergence of computer numerical control (CNC) systems with Industry 4.0 solutions, such as the Industrial Internet of Things (IIoT), edge computing, and cloud-based analytics, is giving rise to intelligent, self-optimizing machines. These machines offer real-time performance tracking, predictive maintenance alerts, and adaptive machining capabilities, which help reduce tool wear, improve product quality, and minimize downtime. The adoption of 5-axis machining centers and multi-tasking tools enables manufacturers to perform several complex operations in a single setup, cutting cycle times and increasing output. For instance, in November 2024, Matsuura Machinery Corporation announced the launch of the newly developed MX-520T, a 5-axis multi-tasking machining center.

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 companies have a global distribution network across Asia Pacific, North America, and Europe. They are vital in their domestic regions and explore geographic diversification alternatives to grow their businesses. They also focus on increasing their market share through expansion, investments, joint ventures, collaboration, and partnerships.

In April 2025, DMG MORI opened its AM Innovation Center at the Nara Production Development Center (PDC). This facility serves as a dedicated hub for additive manufacturing, designed to support customer innovation by centralizing collaboration, experimentation, and process development. Similarly, in 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.

Makino Inc.’s strategy targets delivering high-precision machining solutions through continuous innovation in automation, digitalization, and advanced manufacturing technologies. The company focuses on industries requiring ultra-precision and complex part production, such as aerospace, automotive, and medical devices. It invests heavily in R&D to develop cutting-edge CNC machines and machining centers that enhance productivity, reduce downtime, and improve energy efficiency. It also emphasizes customer-centric services, including process integration, digital manufacturing support, and training. By combining precision engineering with smart factory solutions, Makino aims to strengthen its global footprint and maintain leadership in high-value machining markets.

JTEKT Corporation is a pioneering company that is inventing and producing machinery to meet the dynamic needs of the market, such as developing High Ability JFAST, a bearing for machine tool spindles. The company consistently invests in R&D to deliver innovative and technologically advanced products to its customers. Its aftermarket support plays a key role in retaining its customers. JTEKT has also made a strategic decision to restructure its manufacturing sites in India, promoting the site to be a global manufacturing center.

Okuma places a strong emphasis on innovation and automation. The company also offers a wide range of automation solutions, including robots, material handling systems, and software solutions. It invests heavily in R&D, developing new machine tools with advanced features and capabilities. For instance, in November 2024, Okuma launched the MA-4000H horizontal machining center that meets the needs of the industry. The company’s strategy is focused on staying ahead of the curve in the rapidly evolving machine tools market.

DMG MORI increasingly focuses on innovation and technological advancements. The company also emphasizes expanding its product and service portfolio to serve various industries and applications. It continuously introduces next-generation machines with improved performance and flexibility. For instance, the CTX 750|1250, launched in February 2025, is a sixth-generation turning center with enhanced spindle torque, compact footprint, and advanced automation compatibility to meet evolving customer demands for more complex parts and higher productivity, impacting the market’s development and growth.

DN Solutions offers a broad range of machines, showing strong product diversification. The company also continues to invest in R&D to stay competitive as technology rapidly evolves. For instance, in July 2024, DN Solutions announced its plans to establish a new factory and R&D center in Bengaluru, India, by 2026, which will manufacture tailored products, such as the SVM 4100i machining center.

Market Ranking

The machine tools market remains highly competitive due to rapid technological advancements, strong regional manufacturing ecosystems, and customer demand for precision, speed, and automation. Companies like Makino Inc., JTEKT Corporation, Okuma Corporation, DMG MORI, and DN Solutions collectively hold around 40–45% of the total market because of their deep-rooted R&D capabilities, global distribution networks, and extensive product portfolios that cater to a wide range of industries, including automotive, aerospace, energy, and medical. These companies continuously invest in innovations like multi-axis CNC machining, AI-integrated controls, and hybrid additive-subtractive systems, giving them a technological edge.  Furthermore, their ability to offer end-to-end service solutions and localized manufacturing or support centers in major industrial regions strengthens customer retention and market presence. The remaining 55–60% of the machine tools market is held by numerous regional and specialized manufacturers that cater to localized demand, niche applications, or offer cost-effective alternatives. These companies often thrive by focusing on flexible customization, competitive pricing, and strong customer relationships in emerging markets or specific industries.

Related Reports:

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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