Machine Tool Trends and Forecast
The future of the global machine tool market looks promising with opportunities in the automotive and transportation, sheet metals, capital goods, and energy markets. The global machine tool market is expected to reach an estimated $110.8 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing emphasis on growing output and decreasing idle time, growth of automation in manufacturing industry, and rising demand for automotive components from emerging economies.Machine Tool by Segment
The study includes a forecast for the global machine tool by product type, automation type, sales channel, end use, and region.Machine Tool Market by Product Type [Shipment Analysis by Value from 2018 to 2030]
- Milling Machines
- Drilling Machines
- Turning Machines
- Grinding Machines
- Electrical Discharge Machines
Machine Tool Market by Automation Type [Shipment Analysis by Value from 2018 to 2030]
- Cnc Machine Tools
- Conventional Machine Tools
Machine Tool Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]
- Events & Exhibitions
- Dealers & Distributors
Machine Tool Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Automotive & Transportation
- Sheet Metals
- Capital Goods
- Energy
- Others
Machine Tool Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Machine Tool Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies machine tool companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the machine tool companies profiled in this report include-- Doosan Machine Tools
- AMADA
- JTKET
- Georg Fischer
- Komatsu NTC
- OKUMA
- Hyundai WIA
- Schuler
- Chiron
- MAG IAS
Machine Tool Market Insights
The publisher forecasts that milling machines will remain the largest segment over the forecast period because of its versatile features and can perform several functions, such as filleting, turning, chamfering, drilling, gear cutting.APAC is expected to witness highest growth over the forecast period due to increasing government investment, expanding urbanization, and rising consumer expenditure in the region.
Features of the Global Machine Tool Market
- Market Size Estimates: Machine tool market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Machine tool market size by various segments, such as by product type, automation type, sales channel, end use, and region in terms of value ($B).
- Regional Analysis: Machine tool market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, automation type, sales channel, end use, and regions for the machine tool market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the machine tool market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the machine tool market size?Answer: The global machine tool market is expected to reach an estimated $110.8 billion by 2030.
Q2. What is the growth forecast for machine tool market?
Answer: The global machine tool market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the machine tool market?
Answer: The major drivers for this market are increasing emphasis on growing output and decreasing idle time, growth of automation in manufacturing industry, and rising demand for automotive components from emerging economies.
Q4. What are the major segments for machine tool market?
Answer: The future of the global machine tool market looks promising with opportunities in the automotive and transportation, sheet metals, capital goods, and energy markets.
Q5. Who are the key machine tool market companies?
Answer: Some of the key machine tool companies are as follows:
- Doosan Machine Tools
- AMADA
- JTKET
- Georg Fischer
- Komatsu NTC
- OKUMA
- Hyundai WIA
- Schuler
- Chiron
- MAG IAS
Answer: The publisher forecasts that milling machines will remain the largest segment over the forecast period because of its versatile features and can perform several functions, such as filleting, turning, chamfering, drilling, gear cutting.
Q7. In machine tool market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing government investment, expanding urbanization, and rising consumer expenditure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the machine tool market by product type (milling machines, drilling machines, turning machines, grinding machines, and electrical discharge machines), automation type (CNC machine tools and conventional machine tools), sales channel (events & exhibitions and dealers & distributors), end use (automotive & transportation, sheet metals, capital goods, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Machine Tool Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Doosan Machine Tools
- AMADA
- JTKET
- Georg Fischer
- Komatsu NTC
- OKUMA
- Hyundai WIA
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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