| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 106.59 Billion |
| Market Size (2030) | USD 123.09 Billion |
| CAGR (2025 - 2030) | 2.92 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Machine Tools Market Analysis
The Machine Tools Market size is estimated at USD 106.59 billion in 2025, and is expected to reach USD 123.09 billion by 2030, at a CAGR of 2.92% during the forecast period (2025-2030).
The machine tools industry is experiencing a significant transformation driven by the increasing adoption of Industry 4.0 technologies and advanced automation solutions. The integration of digital technologies, including artificial intelligence, IoT, and robotics, is revolutionizing manufacturing processes and enhancing operational efficiency. This technological evolution has led to the development of smart factories, with manufacturers increasingly investing in connected and automated manufacturing equipment. The industry witnessed substantial growth in production, which increased to USD 85 billion in 2021, while consumption reached USD 80 billion, indicating a robust recovery and growing demand for advanced manufacturing machinery solutions.
The automotive sector's transition towards electric vehicle production is reshaping the machine tools landscape, driving significant changes in manufacturing requirements and capabilities. Traditional machine tools manufacturers are adapting their offerings to meet the unique demands of EV component production, including precision machining for battery housings and lightweight structural components. This shift is particularly evident in the growing demand for high-precision and multi-axis machining centers. The industry is witnessing increased investment in new manufacturing technologies, exemplified by Intel's announcement in March 2022 of an EUR 80 billion investment plan in Europe, which includes significant allocations for advanced industrial automation equipment capabilities.
Global production dynamics are evolving, with significant shifts in manufacturing capabilities across regions. The United States has strengthened its position in the global market, with production reaching USD 7.5 billion in 2021, representing a notable increase that elevated its ranking in global production standings. This transformation is accompanied by substantial investments in advanced manufacturing technologies and automation solutions. Taiwan's machine tools industry demonstrated remarkable resilience, achieving export values of USD 2.783 billion in 2021, highlighting the ongoing geographical shifts in production capabilities.
The industry is witnessing accelerated advancement in machine tool technologies, particularly in areas of precision engineering and smart manufacturing solutions. Manufacturers are increasingly focusing on developing machines with enhanced connectivity features, predictive maintenance capabilities, and improved energy efficiency. The integration of digital twins and simulation technologies is enabling more efficient product development and optimization of manufacturing processes. This technological evolution is supported by the growing demand for high-precision components across various industries, including aerospace, medical devices, and semiconductor manufacturing, driving innovations in precision machinery design and capabilities.
Machine Tools Market Trends
The Growth in APAC Region Driving the Market
The restoration of economic and infrastructure operations is driving significant market growth in the APAC region. The increasing demand for intelligent CNC machines has become a prominent trend, particularly in China, where the growing popularity of robotics and technological advancements such as human-computer interaction continue to shape the industry landscape. The demand for real-time connection has further catalyzed the development of smart cloud factories, becoming an integral part of smart manufacturing systems. This transformation is evidenced by Taiwan's significant progress in the machine tools industry, with their 2021 machine tool exports reaching USD 2.783 billion, demonstrating the region's growing capabilities and technological advancement.
The Malaysian investment landscape is showing promising growth potential, with more companies establishing manufacturing operations in China and other APAC regions. India's manufacturing sector has emerged as one of the fastest-growing industries globally, with the government's 'Make in India' program positioning the country as a manufacturing hub. This initiative has attracted global giants such as GE, Siemens, HTC, Toshiba, and Boeing, who have either established or are in the process of setting up manufacturing plants in India, drawn by the market of more than a billion consumers and increasing purchasing power.
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Environment, Climate, and Energy Concerns
Environmental considerations, climate change, and energy efficiency have become critical drivers in the machine tools market, with a clear focus on CO2 emissions reduction and the goal of achieving carbon neutrality. This environmental imperative necessitates substantial investments in renewable energy infrastructure, including wind and solar power generation, power distribution and storage systems, and the initial steps toward developing a hydrogen economy. The machine tool industry plays a vital role in this transformation by providing the necessary technologies and manufacturing capabilities required for producing these sustainable energy solutions.
The transition to more sustainable manufacturing processes has led to the development of energy-efficient machine tools and manufacturing systems. Machine tool manufacturers are increasingly incorporating energy-saving features and technologies into their products, such as regenerative braking systems in spindle motors, energy-efficient coolant systems, and smart power management solutions. These advancements not only contribute to reduced environmental impact but also result in lower operating costs for end-users, making them particularly attractive in energy-intensive industries such as automotive manufacturing and aerospace components production.
Integration of Advanced Technologies
Computer numerical control (CNC machines) are revolutionizing operational processes by significantly reducing production time and minimizing human error. The growing demand for automated manufacturing in the industrial sector has catalyzed the increasing adoption of CNC machines within the machine tools industry. Machine tool manufacturers are actively redesigning their facilities to incorporate advanced CNC machines, while the integration of 3D printing technology with CNC machines is becoming increasingly common in new production units, offering enhanced multi-material capabilities and reduced resource wastage.
The convergence of various technologies is creating new possibilities in the machine tools industry. The integration of artificial intelligence, robotics, and the Internet of Things is enabling the development of smart manufacturing systems that can self-optimize performance across broader networks, adapt to new conditions in real or near real-time, and sometimes operate entire production processes autonomously. This technological evolution is particularly evident in the power generation sector, where CNC machines are being actively deployed to support wide-scale automation requirements, addressing both efficiency demands and the growing need for precision in renewable energy component manufacturing.
Evolution in Automotive Manufacturing Requirements
The automotive industry is undergoing a significant transformation with the rise of electric vehicles, creating new demands for machine tools. The industry increasingly requires different, precise, and high-quality parts to meet the changing demands in electric vehicle manufacturing. This evolution necessitates more sophisticated machining solutions, particularly for components such as gearboxes with reduced noise requirements, which demand precise machining with tight tolerances. Additionally, components need to be much more wear-resistant to respond to sudden loads when switching from electric drive to internal combustion engine at high speeds.
The transition to electric vehicles is driving fundamental changes in component manufacturing requirements. Brakes need to be sturdier due to the increased weight caused by batteries, and there is a growing demand for specialized components such as gear reducers and lightweight bodies. Car manufacturers are developing new production and machining concepts to accommodate the increasing number of electric drives, creating opportunities for machine tool manufacturers to innovate and adapt their offerings. This transformation is evidenced by the significant milestone reached in 2021, where zero-emission vehicle new registrations accounted for 5.2% of all newly registered motor vehicles in the EU, indicating a growing market for specialized machine tools.
Segment Analysis: By Type
Metal Working Machines Segment in Machine Tools Market
The Metal Working Machines segment continues to dominate the global machine tools market, holding approximately 72% market share in 2024. This segment encompasses both metal cutting and metal forming machines technologies, with metal cutting accounting for the majority of the segment's revenue. The segment's strong position is primarily driven by increasing demand from key end-user industries such as automotive manufacturing, aerospace, and industrial machinery production. The widespread adoption of advanced technologies like CNC machines, automated systems, and precision engineering tools has further strengthened this segment's market position. Additionally, the growing focus on Industry 4.0 and smart manufacturing initiatives across developed and developing economies has spurred investments in sophisticated metal working machinery, reinforcing the segment's market leadership.
Parts and Accessories Segment in Machine Tools Market
The Parts and Accessories segment is emerging as the fastest-growing segment in the machine tools market, projected to grow at approximately 4% from 2024 to 2029. This growth is primarily driven by the increasing focus on machine maintenance and optimization to enhance operational efficiency and reduce downtime. The segment is benefiting from the rising adoption of predictive maintenance strategies and the integration of IoT-enabled monitoring systems in manufacturing facilities. Furthermore, the growing trend toward machine retrofitting and upgrades, rather than complete replacements, has created substantial opportunities for parts and accessories manufacturers. The segment is also seeing increased demand for specialized cutting tools and high-performance components that can support advanced manufacturing processes and improve overall productivity.
Remaining Segments in Machine Tools Market By Type
The Installation, Repair, and Maintenance segment plays a crucial role in the machine tools market by ensuring the optimal performance and longevity of equipment. This segment has gained significance as manufacturers increasingly focus on maximizing equipment uptime and efficiency. The segment encompasses a wide range of services, including preventive maintenance, emergency repairs, equipment installation, and technical support. With the growing complexity of modern machine tools and the integration of digital technologies, this segment has evolved to include specialized services such as software updates, remote diagnostics, and predictive maintenance solutions. The segment's value proposition is further enhanced by its contribution to reducing operational costs and extending machine life cycles.
Segment Analysis: By End User
Fabrication and Industrial Machinery Manufacturing Segment in Machine Tools Market
The fabrication and industrial machinery manufacturing segment dominates the global machine tools market, commanding approximately 42% of the market share in 2024. This significant market position is driven by the segment's crucial role in producing equipment for various industries, including oil and energy, construction, heavy industry, and metal manufacturing. The segment's strength is particularly evident in emerging industrial economies where manufacturing output continues to rise. The increasing adoption of automation and Industry 4.0 technologies in fabrication facilities has further solidified this segment's market leadership. Additionally, the growing demand for customized manufacturing solutions and the trend toward smart factories has created sustained demand for advanced machining centers and production machinery in this segment.
Precision Engineering Segment in Machine Tools Market
The precision engineering segment is projected to experience the highest growth rate of approximately 5% during the forecast period 2024-2029. This accelerated growth is primarily driven by the increasing demand for high-accuracy components in industries such as semiconductors, medical technology, and electronics. The segment's expansion is further supported by advancements in CNC and milling machines, along with the development of new substrate materials. The growing prominence of Asian manufacturing and increased automation expenditure has significantly contributed to the segment's growth trajectory. The precision parts market is particularly benefiting from the rise of Industry 4.0 and the Internet of Things (IoT), with 3D printing technology playing an increasingly decisive role in reducing material waste, cost, and production time.
Remaining Segments in Machine Tools Market End User Segmentation
The automotive segment continues to be a significant contributor to the machine tools market, with its demand driven by the ongoing transformation in vehicle manufacturing, particularly in the electric vehicle sector. The marine and aerospace & defense segment maintains its strategic importance, supported by increasing investments in military modernization and commercial aviation recovery. The other end users segment, which includes industries such as oil and gas, pharmaceutical, and electrical sectors, provides diversification to the market through varied applications and requirements. These segments collectively contribute to the market's robustness by offering different growth drivers and maintaining demand stability across various industrial applications.
Machine Tools Market Geography Segment Analysis
Machine Tools Market in Asia-Pacific
The Asia-Pacific region maintains its dominance in the global machine tools market, driven by rapid industrialization and growth in the manufacturing sector across multiple countries. China leads the regional market, followed by significant contributions from Japan, India, South Korea, and Taiwan. The region's strength stems from its robust automotive manufacturing base, growing aerospace sector, and increasing adoption of advanced manufacturing technologies. Countries in this region have been focusing on upgrading their manufacturing capabilities through automation and Industry 4.0 initiatives, which has led to increased demand for sophisticated manufacturing machinery.
Machine Tools Market in China
China continues to be the powerhouse of the Asia-Pacific machine tools market, leveraging its extensive manufacturing infrastructure and strong industrial base. The country's machine tools industry benefits from significant government support through initiatives like Made in China 2025, which aims to enhance manufacturing capabilities. With approximately 57% market share in the region, China's dominance is reinforced by its large automotive sector, expanding aerospace industry, and growing emphasis on high-precision manufacturing. The country has also been making substantial investments in advanced manufacturing technologies, particularly in areas such as 5-axis machining centers and automated production systems.
Machine Tools Market in India
India emerges as the fastest-growing market in the Asia-Pacific region, with an expected growth rate of approximately 5% during 2024-2029. The country's machine tools sector is experiencing rapid expansion driven by initiatives like 'Make in India' and the establishment of dedicated manufacturing clusters. India's first integrated machine tool park in Karnataka exemplifies the country's commitment to developing its manufacturing capabilities. The market is further supported by increasing investments in the automotive, aerospace, and defense sectors, along with growing demand for precision engineering and automated manufacturing solutions.
Machine Tools Market in Americas
The Americas region represents a significant market for machine tools, characterized by advanced manufacturing capabilities and high technology adoption rates. The United States dominates the regional landscape, followed by Canada, Mexico, and Brazil. The region's market is driven by strong aerospace and defense sectors, automotive manufacturing, and increasing adoption of advanced manufacturing technologies. The focus on automation and smart manufacturing solutions continues to shape the market dynamics across these countries.
Machine Tools Market in United States
The United States maintains its position as the largest market in the Americas region, commanding approximately 73% of the regional machine tools market share. The country's leadership is supported by its advanced manufacturing sector, particularly in aerospace, defense, and automotive industries. The US market is characterized by high adoption rates of advanced machine tools, including 5-axis machining centers and automated manufacturing systems. The country's focus on reshoring manufacturing activities and investments in Industry 4.0 technologies continues to drive market growth.
Machine Tools Market in Brazil
Brazil stands out as the fastest-growing market in the Americas region, demonstrating strong potential in the machine tools sector. The country's manufacturing sector is experiencing significant transformation through increased adoption of advanced manufacturing technologies and automation solutions. Brazil's market growth is supported by its expanding automotive sector, rising investments in industrial machinery, and growing focus on precision engineering applications. The country's strategic initiatives to modernize its manufacturing capabilities are creating new opportunities for machine tools companies.
Machine Tools Market in Europe
Europe maintains its position as a crucial market for machine tools, with a strong emphasis on high-precision manufacturing and advanced technology adoption. The region's market is led by Germany, followed by significant contributions from France, Italy, the United Kingdom, and Russia. European manufacturers are known for their focus on quality and innovation, particularly in areas such as precision machinery and automated manufacturing solutions. The region's strong automotive, aerospace, and industrial machinery sectors continue to drive demand for sophisticated manufacturing equipment.
Machine Tools Market in Germany
Germany maintains its leadership position in the European machine tools market, leveraging its strong industrial base and technological expertise. The country's market is characterized by high-quality precision manufacturing and significant investments in Industry 4.0 technologies. German manufacturers are particularly strong in producing sophisticated machine tools for automotive, aerospace, and other high-precision applications. The country's focus on innovation and automation continues to drive market development.
Machine Tools Market in Italy
Italy demonstrates the strongest growth potential in the European machine tools market, driven by its strong manufacturing tradition and increasing focus on technological innovation. The country's machine tool industry is particularly strong in specialized manufacturing solutions and custom-engineered systems. Italy's market is supported by its robust automotive and aerospace sectors, along with significant investments in advanced manufacturing technologies. The country's emphasis on digital transformation and automation in manufacturing continues to create new opportunities.
Machine Tools Market in Rest of the World
The Rest of the World region, encompassing the Middle East, Africa, and other emerging markets, represents a growing opportunity in the global machine tools market. These regions are experiencing increased industrialization and manufacturing activities, particularly in sectors such as automotive, aerospace, and general manufacturing. The market is driven by infrastructure development, growing investments in manufacturing capabilities, and increasing adoption of advanced manufacturing technologies. Countries in these regions are focusing on developing their manufacturing capabilities and reducing dependence on imports through local production initiatives.
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Machine Tools Industry Overview
Top Companies in Machine Tools Market
The machine tools companies market features prominent players like TRUMPF Group, Shenyang Machine Tool Group, Amada Co., Dalian Machine Tool Group, Komatsu, DMG Mori, Schuler AG, and JTEKT Corporation driving innovation and market growth. Companies are increasingly focusing on developing automated solutions and integrating digital technologies like IoT, AI, and cloud computing to enhance machine performance and overall equipment effectiveness. Strategic partnerships and acquisitions remain key growth drivers, with firms expanding their product portfolios and geographical presence through these moves. The industry is witnessing significant investment in R&D for developing smart manufacturing solutions, with emphasis on precision engineering and Industry 4.0 capabilities. Market leaders are also prioritizing sustainability initiatives and green manufacturing practices while strengthening their after-sales service networks globally.
Fragmented Market with Strong Regional Players
The machine tool industry exhibits a fragmented structure with numerous small and medium-sized enterprises competing alongside global conglomerates. Major competitors primarily emerge from manufacturing powerhouses like China, Germany, Japan, and Italy, with each region harboring specialized players with distinct technological capabilities and market approaches. The industry landscape is characterized by a mix of traditional manufacturers with decades of expertise and newer entrants bringing innovative technologies and business models. Market consolidation activities are increasingly prevalent, particularly in regions with high manufacturing activity, as companies seek to enhance their technological capabilities and expand their geographical footprint.
The competitive dynamics are further shaped by the strong presence of regional players who maintain significant machine tools market share in their respective territories through a deep understanding of local requirements and established distribution networks. Merger and acquisition activities are primarily driven by the need to acquire new technologies, enter emerging markets, and achieve economies of scale. Companies are increasingly focusing on vertical integration strategies to maintain control over their supply chains and enhance their value proposition to customers. The market also sees strategic collaborations between established players and technology startups to accelerate innovation and digital transformation initiatives.
Innovation and Adaptability Drive Future Success
Success in the machine tool industry increasingly depends on companies' ability to adapt to rapidly evolving technological landscapes and changing customer requirements. Incumbent players must focus on continuous innovation in smart manufacturing capabilities, enhanced automation features, and integrated digital solutions to maintain their market positions. Building strong service networks, offering comprehensive after-sales support, and developing customized solutions for specific industry verticals are becoming crucial differentiators. Companies need to invest in developing sustainable manufacturing practices and energy-efficient solutions while maintaining cost competitiveness through operational excellence and supply chain optimization.
For emerging players and contenders, success lies in identifying and serving niche market segments with specialized solutions while building technological capabilities to compete with established players. The ability to offer flexible financing options, rapid customization capabilities, and superior technical support will be crucial for gaining market share. Companies must also focus on building resilience against potential market disruptions through diversified supply chains and adaptable manufacturing processes. Regulatory compliance, particularly regarding environmental standards and safety requirements, will continue to shape competitive strategies, while the ability to navigate trade policies and regional manufacturing regulations will remain critical for global success.
Machine Tools Market Leaders
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TRUMPF Group
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Shenyang Machine Tool Group
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Amada Co. Ltd
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DMG Mori Seiki Co., Ltd
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Falcon Machine Tools Co. Ltd
- *Disclaimer: Major Players sorted in no particular order
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Machine Tools Market News
- March 2023: Phillips Machine Tools announced a strategic partnership with JFY International to broaden its solution portfolio for metal processing customers. JFY International, a member of the TRUMPF Group, is a full-service provider of sheet metal processing solutions, offering CNC bending, punching, shearing, 2D laser cutting machines, and even automation, from a single machine to a fully automated line. Through its partners, JFY International guarantees professional consulting, quick responses, and excellent on-time services.
- December 2022: EIT Manufacturing, the largest innovation community in the industry in Europe, and AMT - Advanced Machine Tools, the new biennial event with the latest innovations in machine tools, machinery deformation, cutting and forming, instruments, components, and accessories, and its auxiliary industry, join forces to foster innovation and digital transformation in the metal industry. By signing this collaboration agreement, EIT Manufacturing, and AMT give industrial manufacturing specialists in Europe access to a world of opportunities.
- September 2022: HELLER Machine Tools announced a strategic partnership with TITANS of CNC, Inc. The key points of the agreement include cooperation in machining technology, process, and practical application. TITANS of CNC agreed to install two 5-axis machining centers into their Texas facility: the HF 5500 with the fifth axis in the workpiece and the CP 6000 with the fifth axis in the tool - and a Round Pallet Storage System.
Machine Tools Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Defination
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Research Framework
- 2.2 Secondary Research
- 2.3 Primary Research
- 2.4 Data Triangulation and Insight Generation
- 2.5 Project Process and Structure
- 2.6 Engagement Framework
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Current Market Scenario
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4.2 Market Dynamics
- 4.2.1 Market Drivers
- 4.2.2 Market Restraints
- 4.2.3 Market Opportunities
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Consumers/Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
- 4.4 Industry Value Chain Analysis
- 4.5 Key Government Regulations and Initiatives for the Manufacturing Sector
- 4.6 Metalworking Industry Snapshot
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4.7 Technology Snapshot
- 4.7.1 Connected and Automated Machines
- 4.7.2 Advanced Controls/Motion Control Systems
- 4.7.3 Digitalization and Industry 4.0
- 4.7.4 Artificial Intelligence (AI) for Accurate Metal Cutting
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Milling Machines
- 5.1.2 Drilling Machines
- 5.1.3 Turning Machines
- 5.1.4 Grinding Machines
- 5.1.5 Electrical Discharge Machines
- 5.1.6 Others
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5.2 By End User
- 5.2.1 Automotive
- 5.2.2 Fabrication and Industrial Machinery Manufacturing
- 5.2.3 Marine and Aerospace & Defense
- 5.2.4 Precision Engineering
- 5.2.5 Other End Users
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5.3 By Geography
- 5.3.1 Asia-Pacific
- 5.3.2 North America
- 5.3.3 Europe
- 5.3.4 Middle East and Africa
- 5.3.5 Latin America
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Trumpf Group
- 6.2.2 Shenyang Machine Tool Group
- 6.2.3 Amada Co. Ltd
- 6.2.4 Dalian Machine Tool Group
- 6.2.5 Komatsu Ltd
- 6.2.6 Dmg Mori Seiki Co. Ltd
- 6.2.7 Schuler AG
- 6.2.8 Jtekt Corporation
- 6.2.9 Okuma Corporation
- 6.2.10 Mag
- 6.2.11 Makino Milling Machine Co. Ltd*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
- 8.1 GDP Distribution by Activity - Key Countries
- 8.2 Insights into Capital Flows Key Countries
- 8.3 Economic Statistics for the Manufacturing Sector
- 8.4 Global Manufacturing Industry Statistics
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Machine Tools Industry Segmentation
A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformations. The machine tools industry can be classified into metal-cutting machines and metal-forming machines. A complete background analysis of the Global Machine Tools Market, including the assessment of the economy and contribution of sectors in the economy, market overview, machine tools market size, machine tool market share estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.
The Machine Tools Market is Segmented by Type (Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines among others), End User (Automotive, Fabrication, and Industrial Machinery Manufacturing, Marine and Aerospace & Defense, Precision Engineering, and Other End Users), and Geography (Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa). The report offers the machine tools market size, machine tool market share, and forecasts in values (USD billion) for all the above-mentioned segments.
| By Type | Milling Machines |
| Drilling Machines | |
| Turning Machines | |
| Grinding Machines | |
| Electrical Discharge Machines | |
| Others | |
| By End User | Automotive |
| Fabrication and Industrial Machinery Manufacturing | |
| Marine and Aerospace & Defense | |
| Precision Engineering | |
| Other End Users | |
| By Geography | Asia-Pacific |
| North America | |
| Europe | |
| Middle East and Africa | |
| Latin America |
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Machine Tools Market Research FAQs
How big is the Machine Tools Market?
The Machine Tools Market size is expected to reach USD 106.59 billion in 2025 and grow at a CAGR of 2.92% to reach USD 123.09 billion by 2030.
What is the current Machine Tools Market size?
In 2025, the Machine Tools Market size is expected to reach USD 106.59 billion.
Who are the key players in Machine Tools Market?
TRUMPF Group, Shenyang Machine Tool Group, Amada Co. Ltd, DMG Mori Seiki Co., Ltd and Falcon Machine Tools Co. Ltd are the major companies operating in the Machine Tools Market.
Which is the fastest growing region in Machine Tools Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Machine Tools Market?
In 2025, the Asia accounts for the largest market share in Machine Tools Market.
What years does this Machine Tools Market cover, and what was the market size in 2024?
In 2024, the Machine Tools Market size was estimated at USD 103.48 billion. The report covers the Machine Tools Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Machine Tools Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Machine Tools Market Research
Mordor Intelligence provides a comprehensive analysis of the machine tools industry. We leverage decades of expertise in industrial machinery research. Our extensive coverage includes the entire spectrum of metalworking machinery. This ranges from CNC machines to precision machinery and manufacturing equipment. The report offers detailed insights into manufacturing automation trends and tooling systems. It also covers various equipment categories, such as grinding machines, drilling machines, and milling machines. An easily downloadable report PDF is available.
Stakeholders across the industrial machinery industry benefit from our thorough examination of metal cutting machines and metal forming machines. The analysis covers crucial aspects of manufacturing machinery development and production machinery advancement. It also addresses industrial automation equipment integration. Our research delivers valuable insights into cutting tool innovations, machining center operations, and forming tool technologies. Additionally, it provides detailed machine tools industry statistics and projections. The report includes current market size data and industry outlook. It also offers comprehensive industry analysis to support strategic decision-making in the evolving precision machinery industry.
