Metal Cutting Machine Market Report 2025

The metal cutting machine market size has grown strongly in recent years. It will grow from $6.87 billion in 2024 to $7.29 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to demand for precision engineering, industrialization and urbanization, rise of mass production, advancements in manufacturing techniques, industrial revolution and machine tools.

The metal cutting machine market size is expected to see strong growth in the next few years. It will grow to $9.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to global industrial expansion, precision engineering and micromachining, customization and flexible production, sustainable manufacturing practices, adoption of additive manufacturing. Major trends in the forecast period include high-speed machining and efficiency, advanced CNC technology integration, multi-axis machining advancements, augmented reality (AR) and virtual reality (VR) in machining, focus on sustainability and green technologies.

The expanding automotive industry is expected to boost the growth of the metal-cutting machine market in the future. The automotive industry encompasses a wide range of businesses involved in the production, development, design, marketing, and distribution of motor vehicles, towing vehicles, and mopeds. A key advantage of machine tools in this sector is their ability to perform repetitive tasks with high precision, which is essential for manufacturing components like gasoline injectors. CNC machines, for instance, are primarily used for grinding camshafts through computer-aided design. Consequently, metal-cutting machines play a vital role in automobile manufacturing. For example, a report from the China Passenger Car Association in February 2023 indicated that car sales rose by 2.2% in August compared to the same month in the previous year, reaching 1.94 million units. Therefore, the growth of the automotive industry is driving the demand for metal-cutting machines.

The surge in construction activities is expected to be a driving force behind the growth of the metal cutting machine market. These machines play a pivotal role in fabricating essential metal components required for building structures such as buildings, bridges, and infrastructure. For example, data from the Census Bureau in September 2023 indicated a substantial increase in total construction spending, reaching an estimated annual rate of $1.99 trillion, surpassing the previous month's figures. This surge in construction activities further fuels the demand for metal cutting machines.

Technological advancements stand as a prominent trend in the metal cutting machine market, with key industry players continually innovating to maintain their market position. Notably, in March 2022, Bodor Laser introduced a cutting-edge metal cutting machine equipped with laser scanning technology that significantly enhances cutting speed and precision, especially for highly reflective materials. This innovative machine features beam motion control technology, enabling faster cutting speeds by up to 50% to 18% compared to conventional methods, without compromising the laser source. Bodor's Laser Scanning Cutting Machine represents a pioneering advancement in the laser metal cutting sector.

Leading companies in the metal cutting machine market are heavily invested in product development to drive innovation. An example is Milwaukee Tools, which in June 2022 unveiled its advanced WRECKER integrated with the NITRUS CARBIDE SAWZALL Blade. This product is specifically designed for more effective multi-material cutting across a wide range of metals, ideal for remodeling and demolition tasks at construction sites. This emphasis on developing cutting-edge tools tailor.

In February 2022, TRUMPF, an India-based manufacturer of metal cutting machines, acquired an 80% stake in Active Fiber Systems GmbH (AFS) for an undisclosed sum. This strategic acquisition enhances TRUMPF's laser cutting capabilities by incorporating AFS's advanced fiber laser technology, which provides increased precision and power for industrial metal cutting applications. The acquisition bolsters TRUMPF's position in the laser cutting sector, particularly for high-performance tasks. Active Fiber Systems GmbH (AFS) is a Germany-based company that specializes in ultrashort-pulse and fiber laser systems.

Major companies operating in the metal cutting machine market are Trumpf Pvt. Ltd., Amada Co. Ltd., Colfax Corporation, Bystronic Laser AG, Nissan Tanaka Corporation, Lincoln Electric Holdings Inc., Coherent Inc., Komatsu Ltd., Koike Aronson Inc., Flow International Corporation, Omax Corporation, Okuma Corporation, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., JTEKT Corporation, ESAB Corporation, WARDJet Inc., Prima Power AG, Mazak Optonics Corporation, Salvagnini America Inc., Cincinnati Incorporated, LVD Group NV, MC Machinery Systems Inc., Mitsubishi Electric Corporation, DMG MORI Corporation, Haas Automation Inc., Makino Milling Machine Co. Ltd., Hurco Companies Inc., Chmer EDM Co., Shigiya Machinery Works Ltd.

Asia-Pacific was the largest region in the metal cutting machine market share in 2024. The regions covered in the metal cutting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal cutting machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Metal cutting machines encompass the equipment employed to shape materials, predominantly metal, by eliminating layers of unwanted material. This process involves the use of machinery specifically designed to carve out precise pieces from the given raw material.

The primary offerings within the realm of metal cutting machines include laser, waterjet, plasma, and flame cutting machines. Laser cutting machines, in particular, serve as pivotal tools for production and prototyping, catering to engineers, designers, and artists. These machines excel in etching and cutting flat materials and find distribution both online and offline, targeting applications across automotive, aerospace and defense, electronics, power and energy, and various other industries.

The metal cutting machine market research report is one of a series of new reports that provides metal cutting machine market statistics, including metal cutting machine industry global market size, regional shares, competitors with a metal cutting machine market share, detailed metal cutting machine market segments, market trends and opportunities, and any further data you may need to thrive in the metal cutting machine industry. This metal cutting machine 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 metal cutting machine market consists of sales of lathe, drilling machine, milling gadget, boring machine, grinding gadget and machining middle. 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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