Machine Tools Market, By Product Type (Milling Machines, Lathes, Grinding Machines, Electrical Discharge Machines (EDM), and Others), By Material Type (Metal, Plastic, Composite, and Others), By Application (Automotive, Aerospace, General Engineering, Con

The global machine tools market has been witnessing steady growth over the past few years. Machine tools are equipments or set of machines that fashion or shape metal or other rigid materials through processes like cutting, drilling, boring, grinding, and others. They are essential in several industries like automotive, aerospace & defense, electronics, metal fabrication, construction, and shipbuilding where precise shaping and finishing of products is necessary. Growth in these end-use industries leads to rising demand for machine tools that drives the global machine tools market. Increased investments in manufacturing sectors across major developing nations are expected to generate significant opportunities in the coming years. However, volatile steel prices and fluctuations in foreign exchange rates pose challenges.

Market Dynamics:

The global machine tools market is driven by factors such as growing automotive production, increasing investments in manufacturing industries in emerging economies, and rising adoption of advanced machining technologies such as CNC machining. However, high initial purchase and maintenance costs associated with machine tools restrict the market growth. Opportunities include the growth of Industry 4.0 and automation trend offering solutions like 3D printing and Internet of Things (IoT) connectivity in machine tools. Other opportunities comprise the growing aerospace and defense industry demanding precision parts manufacturing.

Key Features of the Study:

  • This report provides in-depth analysis of the global machine tools market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global machine tools market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include DMG Mori Seiki AG, Haas Automation, Inc., Mazak Corporation, Okuma Corporation, FANUC Corporation, Siemens AG, Mitsubishi Electric Corporation, Hyundai Wia Corporation, Makino Milling Machine Co., Ltd., Trumpf GmbH + Co. KG, JTEKT Corporation, EMAG GmbH & Co. KG, Kennametal Inc., Hardinge Inc., and Schütte GmbH
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global machine tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global machine tools market
Detailed Segmentation-
  • Product Type Insights (Revenue, US$ Bn, 2020 - 2032)
  • Milling Machines
  • Lathes
  • Grinding Machines
  • Electrical Discharge Machines (EDM)
  • Others
  • Material Type Insights (Revenue, US$ Bn, 2020 - 2032)
  • Metal
  • Plastic
  • Composite
  • Others
  • Application Insights (Revenue, US$ Bn, 2020 - 2032)
  • Automotive
  • Aerospace
  • General Engineering
  • Construction
  • Others
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • DMG Mori Seiki AG
  • Haas Automation, Inc.
  • Mazak Corporation
  • Okuma Corporation
  • FANUC Corporation
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Hyundai Wia Corporation
  • Makino Milling Machine Co., Ltd.
  • Trumpf GmbH + Co. KG
  • JTEKT Corporation
  • EMAG GmbH & Co. KG
  • Kennametal Inc.
  • Hardinge Inc.
  • Schütte GmbH


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Material Type
Market Snippet, By Application
Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Machine Tools Market, By Product Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Milling Machines
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Lathes
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Grinding Machines
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Electrical Discharge Machines (EDM)
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
5. Global Machine Tools Market, By Material Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Metal
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Plastic
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Composite
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
6. Global Machine Tools Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Automotive
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Aerospace
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
General Engineering
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Construction
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2020–2032, (US$ Bn)
7. Global Machine Tools Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
North America
Regional Trends
Market Size and Forecast, By Product Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Material Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Application, 2020–2032, (US$ Bn)
Market Size and Forecast, By Country, 2020–2032, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Product Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Material Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Application, 2020–2032, (US$ Bn)
Market Size and Forecast, By Country, 2020–2032, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Product Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Material Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Application, 2020–2032, (US$ Bn)
Market Size and Forecast, By Country, 2020–2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Product Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Material Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Application, 2020–2032, (US$ Bn)
Market Size and Forecast, By Country, 2020–2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Regional Trends
Market Size and Forecast, By Product Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Material Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Application, 2020–2032, (US$ Bn)
Market Size and Forecast, By Country, 2020–2032, (US$ Bn)
Israel
GCC Countries
Rest of the Middle East
Africa
Regional Trends
Market Size and Forecast, By Product Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Material Type, 2020–2032, (US$ Bn)
Market Size and Forecast, By Application, 2020–2032, (US$ Bn)
Market Size and Forecast, By Country/Region, 2020–2032, (US$ Bn)
South Africa
North Africa
Central Africa
8. Competitive Landscape
Company Profiles
DMG Mori Seiki AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Haas Automation, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Mazak Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Okuma Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
FANUC Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Siemens AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Mitsubishi Electric Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hyundai Wia Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Makino Milling Machine Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Trumpf GmbH + Co. KG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
JTEKT Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
EMAG GmbH & Co. KG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kennametal Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hardinge Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schütte GmbH
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Research Methodology
References
Research Methodology
About us and Sales Contact
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