How big is the United States Machine Tools Market?

The United States Machine Tools Market size is expected to reach USD 12.25 billion in 2024 and grow at a CAGR of 3.38% to reach USD 14.46 billion by 2029. Read More

What is the current United States Machine Tools Market size?

In 2024, the United States Machine Tools Market size is expected to reach USD 12.25 billion. Read More

Who are the key players in United States Machine Tools Market?

TRUMPF Inc., Haas Automation Inc., Amada Co. Ltd, Lincoln Electric Holdings Inc. and MC Machinery Systems Inc. are the major companies operating in the United States Machine Tools Market. Read More

What years does this United States Machine Tools Market cover, and what was the market size in 2023?

In 2023, the United States Machine Tools Market size was estimated at USD 11.85 billion. The report covers the United States Machine Tools Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Machine Tools Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key opportunities in the US Machine Tools Market?

The key opportunities in the US Machine Tools Market are a) Integration of AI and IoT for improved efficiency, productivity, and predictive maintenance b) Growing demand for eco-friendly machinery and processes that are energy-efficient and utilize recycled materials Read More

United States Machine Tools Market Share

Statistics for the 2023 & 2024 United States Machine Tools market share, created by Mordor Intelligence™ Industry Reports. United States Machine Tools share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of United States Machine Tools Industry

The United States Machine Tools Market is moderately fragmented, with many domestic and international players. With their manufacturing facilities, foreign players have a good presence in the country, such as Trumpf and Amada. Moreover, some major domestic players, such as Haas and Lincoln Electric, are small and medium in size and are involved in manufacturing parts and components for machine tools. Thus, these factors make the industry highly competitive. The sector is also witnessing the trend of consolidation with mergers and acquisitions. These strategies help the companies enter new market areas and gain new customers.