Metalworking Machinery Market Report 2025

This Metalworking Machinery market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The metalworking machinery market size has grown strongly in recent years. It will grow from $280.45 billion in 2024 to $301.64 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to industrialization, global trade and export, automotive industry growth, infrastructure development.

The metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $391.6 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to industry 4 integration, sustainability and environmental regulations, customization and small-batch production, reshoring and supply chain diversification, digital twin and simulation. Major trends in the forecast period include additive manufacturing (3D printing), robotics and automation, hybrid machines, smart factories, training and workforce development.

The growth of the metalworking machinery manufacturing market is being supported by the projected stable economic growth in numerous developed and developing countries. As an example, the International Monetary Fund (IMF) reported that China's gross domestic product (GDP) increased from $17.75 trillion in 2021 to $18.1 trillion in 2022. Moreover, emerging markets and developing economies showed growth of 3.9% in 2020, which escalated to 6.1% in 2022. The recovery of commodity prices, following a significant decline in the past, is expected to further contribute to market growth. Developed economies are also anticipated to experience steady growth throughout the forecast period. Additionally, emerging markets are likely to outpace developed markets in terms of growth during the forecast period. This stable economic growth is poised to drive investments in end-user markets, thus bolstering the market in the foreseeable future.

The metalworking machinery market is expected to experience growth driven by increasing demand from the automotive industry. The automotive sector is a significant consumer of metalworking machinery, including machine tools, welding equipment, and cutting tools. The precision and efficiency required in manufacturing automotive components fuel the demand for metalworking machinery. For instance, in February 2023, car sales in China, reported by the China Passenger Car Association, witnessed a 2.2% increase in August compared to the same month in the previous year, reaching 1.94 million units. Consequently, the mounting demand from the automotive industry has been a key driver in the growth of the metalworking machinery market.

Machinery manufacturers are introducing advanced 6-axis CNC milling machines to enhance the efficient fabrication of complex components. CNC milling involves the use of computer numerical control (CNC) machines, which are controlled by computers for tasks like turning, milling, and grinding. A 6-axis CNC machine processes raw metal bars into finished products by working from both ends of the fixture. This approach ensures high-quality products while minimizing errors. CNC milling is valuable for short-run production of intricate parts and the manufacturing of precise, unique components. Prominent companies manufacturing 6-axis CNC milling machines include Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, and IMSA.

Major companies operating in the metalworking machinery market are concentrating on developing innovative solutions, such as the utilization of robotics, to sustain their position in the market. Robotics is being employed to automate various processes in the metalworking industry, including welding, cutting, and polishing. For example, in May 2023, Pro Spot International, a US-based manufacturer of resistance spot welding equipment, introduced the world's first collaborative robot (cobot) spot welder. This cobot spot welder is designed to enhance safety and efficiency within the metalworking industry. With the new i5s resistance spot welder, Pro Spot has delivered a lightweight solution that provides 2-3 times more manufacturing capacity than manual spot welding, improving productivity and safety in the metalworking industry.

Major companies operating in the metalworking machinery market include Sandvik AB, Berkshire Hathaway Inc., TRUMPF Group, Mitsubishi Heavy Industries Ltd., Amada Co. Ltd., Toyota Tsusho, Colfax Corporation, Fanuc Corp, Okuma Corporation, Taiyo Nippon Sanso Corporation, Caterpillar Inc., Deere & Company, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Atlas Copco AB, Kennametal Inc., Hardinge Inc., DMG Mori Co. Ltd., Makino Milling Machine Co. Ltd., Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., Fives Group, Gleason Corporation, Haas Automation Inc., Hurco Companies Inc., Mori Seiki Co. Ltd., Nakamura-Tome Precision Industry Co. Ltd., Okamoto Corporation, Schuler AG, Shenyang Machine Tool Co. Ltd.

Metalworking machinery refers to electrically powered machines employed to perform various operations on metals, encompassing tasks such as sanding, knurling, drilling, boring, facing, threading, and turning. Metalwork, on the other hand, is the process of manipulating metals to produce individual parts, assemblies, and large structures.

The primary categories within the domain of metalworking machinery include special die and tool, die set, jig, and fixture, machine tool, industrial mold, rolling mill, other metalworking machinery, as well as cutting tool and machine tool accessory. Industrial mold refers to the shaping or molding of liquid or raw materials, and these machines come in various capacities, including small, medium, and large. They find applications in industries such as automotive, manufacturing, and various other sectors.

The metal working machinery market research report is one of a series of new reports that provides metal working machinery market statistics, including metal working machinery industry global market size, regional shares, competitors with a metal working machinery market share, detailed metal working machinery market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking machinery industry. This metal working machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Asia-Pacific was the largest region in the metalworking machinery market in 2024. Western Europe was the second largest region in the metalworking machinery market. The regions covered in the metal working machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the metalworking machinery market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The metal working machinery market consists of sales of various kinds of metal working machines available in different forms, including lathes, milling machines, and planers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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