Machine Tool Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Machine tool market size is set to record a 6.9% CAGR during 2024-2032 led by rising demands for precision manufacturing and automation. With sectors like automotive, aerospace, and electronics on the rise, the demand for advanced machine tools, known for their accuracy, efficiency, and reliability has become paramount. Furthermore, as production requirements grow more complex and customized, there is a pressing need for sophisticated machine tools capable of intricate operations and superior performance.

Regions like APAC, with their focus on industrialization and infrastructure growth, are witnessing a surge in demand for machine tools to bolster their expanding manufacturing capabilities. The global pivot towards smart manufacturing and Industry 4.0, which champions connectivity and automation, is further propelling the uptake of advanced machine tools. For example, in July 2024, Meltio partnered with USAF Veteran Owned Jupiter Machine Tool to enhance CNC machine tools and models across North America.

The industry is divided into machine type, operating technology, application, end-use, distribution channel, and region.

Based on operational technology, the machine tool market size from the conventional segment is expected to generate notable revenue by 2032. This is largely attributed to its reliability and widespread adoption in diverse manufacturing applications. Conventional tools like lathes, milling machines, and drills remain pivotal in many industrial processes, celebrated for their durability, maintenance ease, and cost-effectiveness.

Machine tool market from the metalworking application segment is projected to observe a robust CAGR during 2024 - 2032. This is owing to its critical role in manufacturing processes across numerous industries, including automotive, aerospace, and construction. As metal components require precise cutting, shaping, and finishing, advanced machine tools are essential for achieving high-quality results and meeting stringent industry standards.

North America machine tool industry size will grow substantially between 2024 and 2032 attributed to a strong industrial base, technological innovation, and increased demand for automation. The presence of key manufacturing sectors, such as automotive, aerospace, and electronics, fuels the need for advanced machine tools to ensure high precision and efficiency in production processes across the region.

Product Code: 10239

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Market 360° synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Regulatory landscape
3.3 Impact forces
- 3.3.1 Growth drivers
  - 3.3.1.1 Rising focus on industrial automation and industry 4.0
  - 3.3.1.2 Rising urbanization and industrialization in emerging economies
  - 3.3.1.3 Increasing demand from automotive and aerospace industries
- 3.3.2 Industry pitfalls and challenges
  - 3.3.2.1 High initial investment and maintenance
3.4 Technological advancements analysis
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Market Estimates and Forecast, By Machine Type 2018 - 2032, (USD Billion; Million Units)

5.1 Key trends
5.2 Cutting Machine
- 5.2.1 Milling machines
- 5.2.2 Turning machines
- 5.2.3 Grinding machines
- 5.2.4 Drilling machines
- 5.2.5 Others (Threading, Filling, etc.)
5.3 Forming Machine
- 5.3.1 Presses
- 5.3.2 Bending machines
- 5.3.3 Punching machines
- 5.3.4 Others (Rolling, Forging, etc.)

Chapter 6 Market Estimates and Forecast, By Operating Technology 2018 - 2032, (USD Billion; Million Units)

6.1 Key trends
6.2 Computer numerical control (CNC)
6.3 Conventional

Chapter 7 Market Estimates and Forecast, By Application 2018 - 2032, (USD Billion; Million Units)

7.1 Key trends
7.2 Metalworking
7.3 Woodworking
7.4 Plastic manufacturing
7.5 Others (Ceramics and glass fabrication, composites working, etc.)

Chapter 8 Market Estimates and Forecast, By End Use 2018 - 2032, (USD Billion; Million Units)

8.1 Key trends
8.2 Aerospace and defense
8.3 Automotive
8.4 Energy and power
8.5 Electronics and semiconductor
8.6 Building and construction
8.7 Others (Healthcare, marine, etc.)

Chapter 9 Market Estimates and Forecast, By Distribution Channel 2018 - 2032, (USD Billion; Million Units)

9.1 Key trends
9.2 Direct sales
9.3 Indirect sales

Chapter 10 Market Estimates and Forecast, By Region 2018 - 2032, (USD Billion; Million Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Malaysia
- 10.4.7 Indonesia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa

Chapter 11 Company Profiles

11.1 AMADA MACHINERY CO., LTD.
11.2 Amera-Seiki
11.3 CHIRON Group SE
11.4 Dalian Machine Tool Co., Ltd.
11.5 DATRON AG
11.6 DMG MORI CO., LTD.
11.7 DN SOLUTIONS
11.8 Georg Fischer Ltd.
11.9 Haas Automation, Inc
11.10 Hurco
11.11 HYUNDAI WIA
11.12 JTEKT Machinery Americas Corporation
11.13 Komatsu NTC.
11.14 Makino Inc.
11.15 OKUMA AMERICA CORPORATION