Market Research Logo

Global Machine Tools

Global Machine Tools

Global demand for machine tools is projected to climb 3.8% per year through 2023 to $174 billion. Growth will largely be supported by advances in durable goods production (especially in countries such as India, China, and Russia) and a continued shift in the product mix toward higher value and/or automated models.

Machine Tool products include:
Metal cutting tools, such as machining centers laser and EDM tools, lathes, and grinding and polishing machines
Metal forming tools, including presses, punching and shearing machines, and bending and forming machines
Machine tool accessories and spare parts

Markets for machine tools discussed in this study include:
Machinery
Transportation equipment
Primary and fabricated metals
Electrical & electronic equipment

Demand is also broken out for major country and regional markets, including:
North America (US, Canada, Mexico)
Central & South America (Brazil)
Western Europe (France, Germany, Italy, Switzerland, United Kingdom)
Eastern Europe (Russia)
Asia/Pacific (China, India, Japan, South Korea, Taiwan, Thailand)
Africa/Mideast (Turkey)

Scope of the Report
This report covers the scope, size, and growth of the global machine tool market including key trends in products and markets in US dollars. Historical data are provided for 2008, 2013, and 2018 with forecasts for 2023. Year by year historical market volatility is also provided for the major countries covered. Also included is an analysis of the key industry players and their market share.


  • Market Brief
    • Table Figure 1-1 - Global Machine Tool Market
  • Global Market Overview
    • Technological Trends
    • Functional Competition
    • Legal & Regulatory Environment
    • Demand by Region
      • Table Global Machine Tool Demand by Region, 2008 - 2023
      • Table Figure 2-1 - Global Machine Tool Demand Share by Region, 2018
  • Products
    • Demand by Product
      • Table Global Machine Tool Demand by Product, 2008 - 2023
      • Table Figure 3-1 - Global Machine Tool Demand Share by Product, 2018
    • Metal Cutting
      • Demand by Type & Region
        • Table Global Metal Cutting Tool Demand by Type & Region, 2008 - 2023
        • Table Figure 3-2 - Global Machine Cutting Tool Demand Share by Type, 2018
      • Machining Centers & Related Tools
      • Laser, Electrical Discharge Machines (EDMs), &Related Tools
      • Lathes (Turning Machines)
      • Grinding & Polishing Machines
      • Other Metal Cutting Tools (Drilling, Boring, Gear Cutting, Milling)
    • Metal Forming
      • Demand by Type & Region
        • Table Global Metal Forming Tool Demand by Type & Region, 2008 - 2023
        • Table Figure 3-3 - Global Metal Forming Tool Demand Share by Type, 2018
      • Presses
      • Punching & Shearing Machines
      • Bending & Forming Machines
      • Other Metal Forming Tools
    • Machine Tool Accessories & Spare Parts
      • Table Global Machine Tool Accessory & Spare Part Demand by Region, 2008 - 2023
  • Markets
    • Demand by Market
      • Table Global Machine Tool Demand by Market, 2008 - 2023
      • Table Figure 4-1 - Global Machine Tool Demand Share by Market, 2018
    • Machinery
      • Table Global Machinery Machine Tool Demand by Region, 2008 - 2023
    • Transportation Equipment
      • Table Global Transportation Equipment Machine Tool Demand by Region, 2008 - 2023
    • Primary & Fabricated Metals
      • Table Global Primary & Fabricated Metal Machine Tool Demand by Region, 2008 - 2023
    • Electrical & Electronic Equipment
      • Table Global Electrical & Electronic Equipment Machine Tool Demand by Region, 2008 - 2023
    • Other Markets
      • Table Global Demand for Machine Tools in Other Markets by Region, 2008 - 2023
  • North America
    • North America: Machine Tool Market Size & Environment
      • Table Figure 5-1 - North America: Machine Tool Demand, 2004 - 2018
      • Table Figure 5-2 - North America: Machine Tool Demand Share by Country, 2018
    • North America: Machine Tool Demand by Product & Market
      • Table North America: Machine Tool Demand by Product & Market, 2008 - 2023
    • United States
      • United States: Machine Tool Market Size & Environment
        • Table Figure 5-3 - United States: Machine Tool Demand, 2004 - 2018
      • United States: Machine Tool Demand by Product & Market
        • Table United States: Machine Tool Demand by Product & Market, 2008 - 2023
    • Mexico
      • Mexico: Machine Tool Market Size & Environment
        • Table Figure 5-4 - Mexico: Machine Tool Demand, 2004 - 2018
      • Mexico: Machine Tool Demand by Product & Market
        • Table Mexico: Machine Tool Demand by Product & Market, 2008 - 2023
    • Canada
      • Canada: Machine Tool Market Size & Environment
        • Table Figure 5-5 - Canada: Machine Tool Demand, 2004 - 2018
      • Canada: Machine Tool Demand by Product & Market
        • Table Canada: Machine Tool Demand by Product & Market, 2008 - 2023
  • Central & South America
    • Central & South America: Machine Tool Market Size & Environment
      • Table Figure 6-1 - Central & South America: Machine Tool Demand, 2004 - 2018
    • Central & South America: Machine Tool Demand by Product & Market
      • Table Central & South America: Machine Tool Demand by Product & Market, 2008 - 2023
    • Brazil
      • Brazil: Machine Tool Market Size & Environment
        • Table Figure 6-2 - Brazil: Machine Tool Demand, 2004 - 2018
      • Brazil: Machine Tool Demand by Product & Market
        • Table Brazil: Machine Tool Demand by Product & Market, 2008 - 2023
    • Other Central & South America
      • Other Central & South America: Machine Tool Market Size & Environment
        • Table Figure 6-3 - Other Central & South America: Machine Tool Demand, 2004 - 2018
      • Other Central & South America: Machine Tool Demand by Product & Market
        • Table Other Central & South America: Machine Tool Demand by Product & Market, 2008 - 2023
  • Western Europe
    • Western Europe: Machine Tool Market Size & Environment
      • Table Figure 7-1 - Western Europe: Machine Tool Demand, 2004 - 2018
      • Table Figure 7-2 - Western Europe: Machine Tool Demand Share by Country, 2018
    • Western Europe: Machine Tool Demand by Product & Market
      • Table Western Europe: Machine Tool Demand by Product & Market, 2008 - 2023
    • Germany
      • Germany: Machine Tool Market Size & Environment
        • Table Figure 7-3 - Germany: Machine Tool Demand, 2004 - 2018
      • Germany: Machine Tool Demand by Product & Market
        • Table Germany: Machine Tool Demand by Product & Market, 2008 - 2023
    • Italy
      • Italy: Machine Tool Market Size & Environment
        • Table Figure 7-4 - Italy: Machine Tool Demand, 2004 - 2018
      • Italy: Machine Tool Demand by Product & Market
        • Table Italy: Machine Tool Demand by Product & Market, 2008 - 2023
    • France
      • France: Machine Tool Market Size & Environment
        • Table Figure 7-5 - France: Machine Tool Demand, 2004 - 2018
      • France: Machine Tool Demand by Product & Market
        • Table France: Machine Tool Demand by Product & Market, 2008 - 2023
    • Switzerland
      • Switzerland: Machine Tool Market Size & Environment
        • Table Figure 7-6 - Switzerland: Machine Tool Demand, 2004 - 2018
      • Switzerland: Machine Tool Demand by Product & Market
        • Table Switzerland: Machine Tool Demand by Product & Market, 2008 - 2023
    • United Kingdom
      • United Kingdom: Machine Tool Market Size & Environment
        • Table Figure 7-7 - United Kingdom: Machine Tool Demand, 2004 - 2018
      • United Kingdom: Machine Tool Demand by Product & Market
        • Table United Kingdom: Machine Tool Demand by Product & Market, 2008 - 2023
    • Other Western Europe
      • Other Western Europe: Machine Tool Market Size & Environment
        • Table Figure 7-8 - Other Western Europe: Machine Tool Demand, 2004 - 2018
      • Other Western Europe: Machine Tool Demand by Product & Market
        • Table Other Western Europe: Machine Tool Demand by Product & Market, 2008 - 2023
  • Eastern Europe
    • Eastern Europe: Machine Tool Market Size & Environment
      • Table Figure 8-1 - Eastern Europe: Machine Tool Demand, 2004 - 2018
    • Eastern Europe: Machine Tool Demand by Product & Market
      • Table Eastern Europe: Machine Tool Demand by Product & Market, 2008 - 2023
    • Russia
      • Russia: Machine Tool Market Size & Environment
        • Table Figure 8-2 - Russia: Machine Tool Demand, 2004 - 2018
      • Russia: Machine Tool Demand by Product & Market
        • Table Russia: Machine Tool Demand by Product & Market, 2008 - 2023
    • Other Eastern Europe
      • Other Eastern Europe: Machine Tool Market Size & Environment
        • Table Figure 8-3 - Other Eastern Europe: Machine Tool Demand, 2004 - 2018
      • Other Eastern Europe: Machine Tool Demand by Product & Market
        • Table Other Eastern Europe: Machine Tool Demand by Product & Market, 2008 - 2023
  • Asia/Pacific
    • Asia/Pacific: Machine Tool Market Size & Environment
      • Table Figure 9-1 -Asia/Pacific: Machine Tool Demand, 2004 - 2018
      • Table Figure 9-2 - Asia/Pacific: Machine Tool Demand Share by Country, 2018
    • Asia/Pacific: Machine Tool Demand by Product & Market
      • Table Asia/Pacific: Machine Tool Demand by Product & Market, 2008 - 2023
    • China
      • China: Machine Tool Market Size & Environment
        • Table Figure 9-3 - China: Machine Tool Demand, 2004 - 2018
      • China: Machine Tool Demand by Product & Market
        • Table China: Machine Tool Demand by Product & Market, 2008 - 2023
    • Japan
      • Japan: Machine Tool Market Size & Environment
        • Table Figure 9-4 - Japan: Machine Tool Demand, 2004 - 2018
      • Japan: Machine Tool Demand by Product & Market
        • Table Japan: Machine Tool Demand by Product & Market, 2008 - 2023
    • South Korea
      • South Korea: Machine Tool Market Size & Environment
        • Table Figure 9-5 - South Korea: Machine Tool Demand, 2004 - 2018
      • South Korea: Machine Tool Demand by Product & Market
        • Table South Korea: Machine Tool Demand by Product & Market, 2008 - 2023
    • Taiwan
      • Taiwan: Machine Tool Market Size & Environment
        • Table Figure 9-6 - Taiwan: Machine Tool Demand, 2004 - 2018
      • Taiwan: Machine Tool Demand by Product & Market
        • Table Taiwan: Machine Tool Demand by Product & Market, 2008 - 2023
    • India
      • India: Machine Tool Market Size & Environment
        • Table Figure 9-7 - India: Machine Tool Demand, 2004 - 2018
      • India: Machine Tool Demand by Product & Market
        • Table India: Machine Tool Demand by Product & Market, 2008 - 2023
    • Thailand
      • Thailand: Machine Tool Market Size & Environment
        • Table Figure 9-8 - Thailand: Machine Tool Demand, 2004 - 2018
      • Thailand: Machine Tool Demand by Product & Market
        • Table Thailand: Machine Tool Demand by Product & Market, 2008 - 2023
    • Other Asia/Pacific
      • Other Asia/Pacific: Machine Tool Market Size & Environment
        • Table Figure 9-9 - Other Asia/Pacific: Machine Tool Demand, 2004 - 2018
      • Other Asia/Pacific: Machine Tool Demand by Product & Market
        • Table Other Asia/Pacific: Machine Tool Demand by Product & Market, 2008 - 2023
  • Africa/Mideast
    • Africa/Mideast: Machine Tool Market Size & Environment
      • Table Figure 10-1 - Africa/Mideast: Machine Tool Demand, 2004 - 2018
    • Africa/Mideast: Machine Tool Demand by Product & Market
      • Table Africa/Mideast: Machine Tool Demand by Product & Market, 2008 - 2023
    • Turkey
      • Turkey: Machine Tool Market Size & Environment
        • Table Figure 10-2 - Turkey: Machine Tool Demand, 2004 - 2018
      • Turkey: Machine Tool Demand by Product & Market
        • Table Turkey: Machine Tool Demand by Product & Market, 2008 - 2023
    • Other Africa/Mideast
      • Other Africa/Mideast: Machine Tool Market Size & Environment
        • Table Figure 10-3 - Other Africa/Mideast: Machine Tool Demand, 2004 - 2018
      • Other Africa/Mideast: Machine Tool Demand by Product & Market
        • Table Other Africa/Mideast: Machine Tool Demand by Product & Market, 2008 - 2023
  • Industry Structure
    • Key Findings & Industry Composition
      • Table Global Machine Tool Sales by Company, 2018
    • Market Share
      • Table Figure 11-1 - Global Machine Tool Market Share by Company, 2018
    • Mergers & Acquisitions
      • Table Selected Mergers & Acquisitions
  • Appendix
    • Scope
      • Table Relevant HS Codes
      • Table Relevant NAICS & SIC Codes
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in This Report
    • Methodology
    • Related Studies & Reports
      • Freedonia Group US Studies
      • Freedonia Group Global Studies
      • Freedonia Focus Reports
      • Knowledge Center
    • Country Lists by Region
      • Table Countries in North America
      • Table Countries in Central & South America
      • Table Countries in Western Europe
      • Table Countries in Eastern Europe
      • Table Countries in the Asia/Pacific Region
      • Table Countries in the Africa/Mideast Region
    • Macroeconomic Assumptions
      • Global Economic Outlook
        • Table Global Gross Domestic Product by Region & Country, 2008 - 2023
      • Global Manufacturing Outlook
        • Table Global Manufacturing Value Added by Region & Country, 2008 - 2023

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report