Metalworking Machinery Market Report 2026

The metalworking machinery market size has grown strongly in recent years. It will grow from $298.19 billion in 2025 to $315.92 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrial manufacturing growth, expansion of automotive production, demand for mass metal component fabrication, availability of conventional machine tools, growth in infrastructure and construction activities.

The metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $412.39 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to smart manufacturing adoption, increasing electric vehicle production, demand for customized metal components, advancements in CNC and automation technologies, rising investment in large scale manufacturing facilities. Major trends in the forecast period include high precision metal forming demand, rising adoption of multi function machine tools, growth in CNC based machining centers, increasing use of advanced cutting tools, demand for high capacity metalworking equipment.

The increasing demand from the automotive industry is expected to drive the growth of the metalworking machinery market going forward. The automotive sector is a major consumer of metalworking machinery, including machine tools, welding equipment, and cutting tools. Demand is fueled by the need for precision and efficiency in manufacturing automotive components. For example, in February 2023, the China Passenger Car Association, a China-based organization providing automotive statistics, reported that car sales rose 2.2% in August compared with the same month the previous year, reaching 1.94 million units. Therefore, growing demand from the automotive industry is contributing to the expansion of the metalworking machinery market.

Major companies in the metalworking machinery market are focusing on developing innovative solutions, such as robotics-based welding systems, to meet the rising need for automation, enhanced worker safety, and higher manufacturing throughput. For instance, in May 2023, Pro Spot International, a US-based manufacturer of resistance spot-welding equipment, launched the world’s first cobot spot welder. The system integrates Pro Spot’s lightweight i5s resistance spot-welding unit with a collaborative robot to automate tasks traditionally performed manually. This approach enhances safety by reducing operator exposure to heat and repetitive strain, while its automated precision ensures consistent, high-quality welds. Compared with manual spot welding, the cobot system delivers 2-3× higher manufacturing capacity, improves operational efficiency, and supports flexible deployment across metal fabrication, automotive repair, and industrial production environments.

In September 2025, MC Machinery Systems, a Canada-based provider of advanced manufacturing equipment and automation solutions, acquired Ferro Technique Ltd. for an undisclosed amount. Through this acquisition, MC Machinery Systems aims to strengthen its technological capabilities and expand its market presence in precision metal processing solutions. Ferro Technique Ltd. is a UK-based provider of specialized metal fabrication and finishing services for industrial applications.

Major companies operating in the metalworking machinery market are Sandvik Aktiebolag, TRUMPF Group, Mitsubishi Heavy Industries Limited, Amada Co. Limited, Colfax Corporation, Fanuc Corporation, Okuma Corporation, Kennametal Incorporated, Hardinge Incorporated, DMG Mori Co. Limited, Makino Milling Machine Co. Limited, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Limited, Fives Group, Gleason Corporation, Haas Automation Incorporated, Hurco Companies Incorporated, Mori Seiki Co. Limited, Nakamura-Tome Precision Industry Co. Limited, Okamoto Corporation, Schuler Aktiengesellschaft, Shenyang Machine Tool Co. Limited.

Asia-Pacific was the largest region in the metalworking machinery market in 2025. Western Europe was the second largest region in the metalworking machinery market. The regions covered in the metalworking machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metalworking machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, 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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