Metalworking Machinery Manufacturing
Description
Brief Excerpt from Industry Overview Chapter:
Companies in this industry manufacture metalworking machinery, including molds, dies, cutting tools, and machining centers. Major companies include Hurco and Kennametal (both based in the US), along with Amada and DMG Mori (both located in Japan), Fives (France), Shenyang Machine Tool (China), and TRUMPF (Germany).The global machine tools market is expected to reach about $155 billion by 2032, with a compound annual growth rate (CAGR) of 6.3% over 2025 to 2032 period, according to Sky Quest. The Asia-Pacific region continues to be the largest importer of machine tools due to the growing manufacturing sector in the region and the rising demand for goods and services.
The US metalworking machinery industry consists of about 6,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of more than $30 billion.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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