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Global Machine Tools Market Size study & Forecast, by Technology (CNC, Conventional) By Product (Metal Cutting, Metal Forming) By Application (Automotive, General Machinery, Precision Engineering, Transport Machinery, Others) and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: G156B3FB1212EN
Bizwit Research & Consulting LLP

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Global Machine Tools Market is valued approximately at USD 125.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2023-2030. Machine Tools are devices that are used to shape, cut, grind, or form materials into a desired shape or size. They are essential in manufacturing and machining processes, enabling the production of precision components and products. Machine tools are used in various industries, including automotive, aerospace, electronics and general manufacturing. The Machine Tools market is expanding because of factors such as growing installations of industrial robots and increasing adoption of CNC technology. As a result, the demand of Machine Tools has progressively increased in the international market during the forecast period 2023-2030.

Industrial robots are often integrated with machine tools in automated manufacturing processes. As the number of industrial robots increases, there is a higher demand for machine tools to support automated production lines. Machine tools play a crucial role in the machining and shaping of components, contributing to the overall automation of manufacturing processes. According to Statista, global installations of industrial robots accounts 384,000 units and projected to reach up to 518,000 units by the year end of 2024. Another important factor drives the Machine Tools market is increasing adoption of CNC technology. CNC technology allows for highly precise and accurate machining operations. The automated control of tools and movements ensures consistent and repeatable results, meeting tight tolerances and quality standards. This is crucial in industries such as aerospace, automotive and electronics where precision is paramount. In addition, as per Statista, the global computer numerical control market accounts USD 16334 million in 2020 and projected to reach up to USD 22904 million by the year 2026. Moreover, technological advancement with machine tools and rising demand of adaptive machining tools are anticipated to create a lucrative growth opportunity for the market growth over the forecast period. However, high initial investment associated to machine tools and lack of standardization in industrial communication protocols and interfaces is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Machine Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing investments in research and development related to precise adaptable tools in the region. Investments in R&D contribute to the integration of automation and robotics in machine tools. This results in the development of smart manufacturing systems that can operate autonomously, improving production efficiency, reducing human error, and allowing for continuous operation. The region’s dominant performance is anticipated to propel the overall demand of Machine Tools. Furthermore, Asia Pacific is expected to be the fastest growing regional market during the forecast period, owing to factors such as growing adoption of industrial automation in the region. Automation allows for the execution of repetitive and labor-intensive tasks without continuous human intervention. This reduces the need for manual labor, leading to cost savings for manufacturers. Machine tools with automation features contribute to production of high-quality components with minimal human involvement.

Major market player included in this report are:

Yamazaki Mazak Corporation

Doosan Machine Tools Co., Ltd

Trumpf GmbH + Co. KG

Amada Holdings Co., Ltd

ISCAR LTD

MAG IAS GmbH

SCHULER AG

Fraisa SA

Hyundai WIA Corporation

Kennametal Inc

Recent Developments in the Market:
  • In July 2022, Nidec Machine Tool Corporation has introduced the MVR-Ax family of new double-column machining centres. These new items were designed to be simple to use and fulfil the different needs of factories that manufacture large-scale components. The MVR-Ax series can perform a wide range of optional operations, including a table size that can accommodate big workpieces, an abundance of attachments to the main axis, and automated functions such as an automatic palette changer for a variety of user applications. Furthermore, high-performance machining technology and digital technology to improve operability and maintenance capability increase the total productivity of MVR-Ax machining centres.
Global Machine Tools Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Technology, Product, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology

CNC

Conventional

By Product

Metal Cutting

Metal Forming

By Application

Automotive

General Machinery

Precision Engineering

Transport Machinery

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Machine Tools Market, by region, 2020-2030 (USD Billion)
  1.2.2. Machine Tools Market, by Technology, 2020-2030 (USD Billion)
  1.2.3. Machine Tools Market, by Product, 2020-2030 (USD Billion)
  1.2.4. Machine Tools Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MACHINE TOOLS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MACHINE TOOLS MARKET DYNAMICS

3.1. Machine Tools Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing installations of industrial robots
    3.1.1.2. Increasing adoption of CNC technology
  3.1.2. Market Challenges
    3.1.2.1. High initial investment associated with Machine Tools
    3.1.2.2. Lack of standardization in industrial communication protocols and interfaces
  3.1.3. Market Opportunities
    3.1.3.1. Technological advancements with machine tools
    3.1.3.2. Rising demand of adaptive machining tools

CHAPTER 4. GLOBAL MACHINE TOOLS MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MACHINE TOOLS MARKET, BY TECHNOLOGY

5.1. Market Snapshot
5.2. Global Machine Tools Market by Technology, Performance - Potential Analysis
5.3. Global Machine Tools Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Machine Tools Market, Sub Segment Analysis
  5.4.1. CNC
  5.4.2. Conventional

CHAPTER 6. GLOBAL MACHINE TOOLS MARKET, BY PRODUCT

6.1. Market Snapshot
6.2. Global Machine Tools Market by Product, Performance - Potential Analysis
6.3. Global Machine Tools Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
  6.3.1. Metal Cutting
  6.3.2. Metal Forming

CHAPTER 7. GLOBAL MACHINE TOOLS MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Machine Tools Market by Application, Performance - Potential Analysis
7.3. Global Machine Tools Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Machine Tools Market, Sub Segment Analysis
  7.4.1. Automotive
  7.4.2. General Machinery
  7.4.3. Precision Engineering
  7.4.4. Transport Machinery
  7.4.5. Others

CHAPTER 8. GLOBAL MACHINE TOOLS MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Machine Tools Market, Regional Market Snapshot
8.4. North America Machine Tools Market
  8.4.1. U.S. Machine Tools Market
    8.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Product breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Machine Tools Market
8.5. Europe Machine Tools Market Snapshot
  8.5.1. U.K. Machine Tools Market
  8.5.2. Germany Machine Tools Market
  8.5.3. France Machine Tools Market
  8.5.4. Spain Machine Tools Market
  8.5.5. Italy Machine Tools Market
  8.5.6. Rest of Europe Machine Tools Market
8.6. Asia-Pacific Machine Tools Market Snapshot
  8.6.1. China Machine Tools Market
  8.6.2. India Machine Tools Market
  8.6.3. Japan Machine Tools Market
  8.6.4. Australia Machine Tools Market
  8.6.5. South Korea Machine Tools Market
  8.6.6. Rest of Asia Pacific Machine Tools Market
8.7. Latin America Machine Tools Market Snapshot
  8.7.1. Brazil Machine Tools Market
  8.7.2. Mexico Machine Tools Market
8.8. Middle East & Africa Machine Tools Market
  8.8.1. Saudi Arabia Machine Tools Market
  8.8.2. South Africa Machine Tools Market
  8.8.3. Rest of Middle East & Africa Machine Tools Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Yamazaki Mazak Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Doosan Machine Tools Co., Ltd
  9.3.3. Trumpf GmbH + Co. KG
  9.3.4. Amada Holdings Co., Ltd
  9.3.5. ISCAR LTD
  9.3.6. MAG IAS GmbH
  9.3.7. SCHULER AG
  9.3.8. Fraisa SA
  9.3.9. Hyundai WIA Corporation
  9.3.10. Kennametal Inc

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Machine Tools Market, report scope
TABLE 2. Global Machine Tools Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Machine Tools Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 4. Global Machine Tools Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 5. Global Machine Tools Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Machine Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Machine Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Machine Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Machine Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Machine Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Machine Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Machine Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Machine Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Machine Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Machine Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Machine Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Machine Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Machine Tools Market
TABLE 71. List of primary sources, used in the study of global Machine Tools Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Machine Tools Market, research methodology
FIG 2. Global Machine Tools Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Machine Tools Market, key trends 2022
FIG 5. Global Machine Tools Market, growth prospects 2023-2030
FIG 6. Global Machine Tools Market, porters 5 force model
FIG 7. Global Machine Tools Market, pest analysis
FIG 8. Global Machine Tools Market, value chain analysis
FIG 9. Global Machine Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Machine Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Machine Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Machine Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Machine Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Machine Tools Market, regional snapshot 2020 & 2030
FIG 15. North America Machine Tools Market 2020 & 2030 (USD Billion)
FIG 16. Europe Machine Tools Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Machine Tools Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Machine Tools Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Machine Tools Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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