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PUBLISHER: Grand View Research | PRODUCT CODE: 1611581
PUBLISHER: Grand View Research | PRODUCT CODE: 1611581
Machine Tools Market Size, Share & Trends Analysis Report By Type, By Technology (Computer Numerical Control, Conventional), By End Use, By Region, And Segment Forecasts, 2025 - 2030
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Machine Tools Market Growth & Trends:
The global machine tools market size is expected to reach USD 137.43 billion by 2030, registering to grow at a CAGR of 7.0% from 2025 to 2030 according to a new report by Grand View Research, Inc. The increased need for higher efficiency and precision in complex machining tools, as well as lower operating costs in industries, such as aerospace, automotive, and defense, have led to an increased usage of machine tools.
The machining time is more expensive than the setup fees, material expenses, and fees for custom finishing a job or workpiece. Owing to all these advantages, manufacturers are gradually shifting toward the automation of machines to reduce time by rolling out connectivity networks and deploying the latest software. Such technological developments are anticipated to boost the sales of machine tools in the forecast period.
The machine tools products are increasingly getting complex in line with the shifting customer preferences toward higher-quality products. Hence, manufacturers are also gearing up to develop complex products and are accordingly automating their CNC machining processes to enhance product quality while reducing operating costs. For instance, in July 2020, SKODA AUTO Germany GmbH launched automated supplying and ordering of parts for CNC processing lines at its plant in Vrchlabi, Czech Republic as part of the efforts to increase the productivity of the plant.
Machine tool manufacturers are trying aggressively to develop energy-efficient tools to cater to the manufacturers' needs to reduce operating costs while eliminating errors in manufacturing, leveraging IoT technology and predictive analytics capabilities. For instance, automotive companies are increasingly opting for CNC machining in line with the growing demand for spare parts with higher precision.
Industry 4.0 is particularly encouraging digital transformation across the entire automotive industry, spanning automotive OEMs, dealers, and suppliers, among other industry stakeholders, which bodes well for the growing demand for CNC machine tools. The motorsport industry is particularly using CNC machine tools to reduce manufacturing time and to ensure that components are manufactured flawlessly. As such, various racing car manufacturers are striking partnerships with CNC machine tool providers to manufacture precision components.
Machine Tools Market Report Highlights:
- Machine tools are used across various industries and industry verticals, including automobile, aerospace, and others, to manufacture various components with precision and speed while ensuring adequate flexibility.
- Metal cutting machines are widely utilized in many end-use sectors such as automotive, mechanical engineering, metal working, and aerospace, to produce completed products with the necessary geometry by cutting various types of ferrous and non-ferrous metals.
- The use of CNCs as milling machines, lathes, abrasive jet cutters, laser cutters, press brakes, punch presses, and other industrial instruments has been expanding quickly with the development of computers.
- The electrical and electronics industry is one of the world's largest industries. It includes a broad range of goods, from bulky consumer electronics to tiny electrical parts.
Product Code: GVR-4-68038-841-1
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Research Methodology
- 1.4 Information Procurement
- 1.4.1 Information Analysis
- 1.4.2 Market Formulation & Data Visualization
- 1.4.3 Data Validation & Publishing
- 1.5 Research Scope and Assumptions
- 1.5.1 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Machine Tools Market Variables, Trends & Scope
- 3.1 Penetration And Growth Prospect Mapping
- 3.2 Value Chain Analysis
- 3.2.1 Raw Material Outlook
- 3.2.2 Manufacturing & Technology Trends
- 3.3 Regulatory Framework
- 3.4 Technology Overview
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Growing Focus On Augmenting Productivity And Reducing Downtime
- 3.5.1.2 Strong Emphasis On Reducing Operational Costs
- 3.5.2 Market Restraint Analysis
- 3.5.2.1 High Purchasing And Maintenance Cost Of Cnc Machines
- 3.5.3 Market Challenge Analysis
- 3.5.4 Market Opportunity Analysis
- 3.5.4.1 Increasing Demand For Cnc Machines Tools From The Automotive Industry
- 3.5.1 Market Driver Analysis
- 3.6 Economic Mega Trend Analysis
- 3.7 Case Studies
- 3.7.1 Komatsu Ltd
- 3.7.2 Okuma Corporation
- 3.8 Industry Analysis Tools
- 3.8.1 Porter's Analysis
- 3.8.2 Macroeconomic Analysis
Chapter 4 Machine Tools Market: Type Estimates & Trend Analysis
- 4.1 Machine Tools Market: Type Outlook
- 4.2 Machine Tools Market: Type Movement Analysis & Market Share, 2024 & 2030
- 4.3 Machine Tools Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Million)
- 4.3.1 Metal Cutting
- 4.3.1.1 Metal Cutting, By Product
- 4.3.2 Metal Forming
- 4.3.2.1 Metal Forming, By Product
- 4.3.1 Metal Cutting
Chapter 5 Machine Tools Market: Technology Estimates & Trend Analysis
- 5.1 Machine Tools Market: Technology Outlook
- 5.2 Machine Tools Market: Technology Movement Analysis & Market Share, 2024 & 2030
- 5.3 Machine Tools Market Estimates & Forecasts, By Technology, 2018 - 2030 (USD Million)
- 5.3.1 Computer Numerical Control (Cnc)
- 5.3.2 Conventional
Chapter 6 Machine Tools Market: End-use Estimates & Trend Analysis
- 6.1 Machine Tools Market: End-use Outlook
- 6.2 Machine Tools Market: End-use Movement Analysis & Market Share, 2024 & 2030
- 6.3 Machine Tools Market Estimates & Forecasts, By End-use, 2018 - 2030 (USD Million)
- 6.3.1 Automotive
- 6.3.2 Mechanical Engineering
- 6.3.3 Metal Working
- 6.3.4 Aerospace
- 6.3.5 Electrical Industry
- 6.3.6 Others
Chapter 7 Machine Tools Market: Region Estimates & Trend Analysis
- 7.1 Machine Tools Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Canada Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Mexico Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Germany Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.3 France
- 7.3.3.1 France Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.4 Italy
- 7.3.4.1 Italy Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.5 Switzerland
- 7.3.5.1 Switzerland Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.6 Spain
- 7.3.6.1 Spain Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 China Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.3 Japan
- 7.4.3.1 Japan Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.4 India
- 7.4.4.1 India Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.5 Taiwan
- 7.4.5.1 Taiwan Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.6 South Korea
- 7.4.6.1 South Korea Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Argentina Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.2 South Africa
- 7.6.2.1 South Africa Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Saudi Arabia Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Machine Tools Market Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Participant's Overview
- 8.4 Financial Overview
- 8.5 Product Benchmarking
- 8.6 Company Market Positioning
- 8.7. Company Heat Map Analysis
- 8.8 Strategy Mapping
- 8.8.1 Amada Machine Tools Co., Ltd.
- 8.8.2 CHIRON GROUP SE
- 8.8.3 DMG MORI. CO., LTD.
- 8.8.4 DN Solutions
- 8.8.5 Georg Fischer Ltd.
- 8.8.6 HYUNDAI WIA CORP
- 8.8.7 JTEKT Corporation
- 8.8.8 Komatsu Ltd
- 8.8.9 Makino Inc.
- 8.8.10 Okuma Corporation
- 8.8.11 Hurco Companies, Inc.
- 8.8.12 Dalian Machine Tool Group (DMTG) Corporation
- 8.8.13 Amera Seiki
- 8.8.14 Haas Automation, Inc
- 8.8.15 Datron AG
Product Code: GVR-4-68038-841-1
List of Tables
- Table 1 Machine Tools Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
- Table 2 Machine Tools Market Estimates and Forecasts, By Technology, 2018 - 2030 (USD Million)
- Table 3 Machine Tools Market Estimates and Forecasts, By End-use, 2018 - 2030 (USD Million)
- Table 4 U.S. Macroeconomic Outlook
- Table 5 Canada Macroeconomic Outlook
- Table 6 Mexico Macroeconomic Outlook
- Table 7 Germany Macroeconomic Outlook
- Table 8 France Macroeconomic Outlook
- Table 9 Italy Macroeconomic Outlook
- Table 10 Switzerland Macroeconomic Outlook
- Table 11 Spain Macroeconomic Outlook
- Table 12 China Macroeconomic Outlook
- Table 13 Japan Macroeconomic Outlook
- Table 14 India Macroeconomic Outlook
- Table 15 South Korea Macroeconomic Outlook
- Table 16 Brazil Macroeconomic Outlook
- Table 17 Argentina Macroeconomic Outlook
- Table 18 South Africa Macroeconomic Outlook
- Table 19 Saudi Arabia Macroeconomic Outlook
- Table 20 Recent Developments & Impact Analysis, By Key Market Participants
- Table 21 Company Heat Map Analysis, 2023
- Table 22 Key Companies: Product Launches
- Table 23 Key Companies: Mergers & Acquisition
- Table 24 Key Companies: New Facility/Launch
- Table 25 Key Companies: Partnerships
List of Figures
- Fig. 1 Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Penetration and Growth Prospect Mapping
- Fig. 10 Machine Tools Market - Value chain analysis
- Fig. 11 Machine Tools Market Dynamics
- Fig. 12 Aircraft Shipments Volume, (in units)
- Fig. 13 U.S. Motor Vehicle Production, 2017-2021 (Thousands of Units)
- Fig. 14 Machine Tools Market: PORTER's Analysis
- Fig. 15 Machine Tools Market: PESTEL Analysis
- Fig. 16 Machine Tools Market, By Type: Key Takeaways
- Fig. 17 Machine Tools Market: Type Movement Analysis & Market Share, 2024 & 2030
- Fig. 18 Metal Cutting Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Metal Cutting Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- Fig. 20 Metal Forming Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Metal Forming Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- Fig. 22 Machine Tools Market, By Technology: Key Takeaways
- Fig. 23 Machine Tools Market: Technology Movement Analysis & Market Share, 2024 & 2030
- Fig. 24 Computer Numerical Control (CNC) market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Conventional Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Machine Tools Market, By End-use: Key Takeaways
- Fig. 27 Machine Tools Market: End-use Movement Analysis & Market Share, 2024 & 2030
- Fig. 28 Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Mechanical Engineering Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Metal Working Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Aerospace Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Electrical industry Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Machine Tools Market Revenue, By Region, 2024 & 2030 (USD Million)
- Fig. 35 Region Marketplace: Key Takeaways
- Fig. 36 Region Marketplace: Key Takeaways
- Fig. 37 North America Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 U.S. Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Canada Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Mexico Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Europe Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Germany Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 43 France Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Italy Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Switzerland Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 46 Spain Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Asia Pacific Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 48 China Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 49 Japan Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 50 India Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 51 Taiwan Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 52 South Korea Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 53 Central & South America Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Brazil Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 55 Argentina Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 56 Middle East & Africa Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 57 South Africa Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 58 Saudi Arabia Machine Tools Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 59 Key Company Categorization
- Fig. 60 Company Market Positioning
- Fig. 61 Strategic Framework
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