Global Cnc Machining Centers And Turning Centers Market Size & Outlook
The cnc machining centers and turning centers industry worldwide is expected to reach a projected revenue of US$ 40,608.1 million by 2030. A compound annual growth rate of 6.6% is expected of the worldwide cnc machining centers and turning centers industry from 2025 to 2030.
Revenue, 2024 (US$M)
$27,637.9
Forecast, 2030 (US$M)
$40,608.1
CAGR, 2025 - 2030
6.6%
Report Coverage
Worldwide
Global cnc machining centers and turning centers market, 2018-2030 (US$M)
Related Markets
Global cnc machining centers and turning centers market highlights
- The global cnc machining centers and turning centers market generated a revenue of USD 25,993.5 million in 2023 and is expected to reach USD 40,608.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.6% by 2030.
- In terms of segment, machining center accounted for a revenue of USD 16,001.8 million in 2023.
- Machining Center is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,993.5 million |
| Market revenue in 2030 | USD 40,608.1 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Machining center |
| Fastest growing segment | Machining Center |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Machining Center, Turning Machine |
Other key industry trends
- In terms of revenue, the North America accounted for 15.4% of the global cnc machining centers and turning centers market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 4,034.8 million by 2030.
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CNC Machining Centers and Turning Centers Market Scope
Cnc machining centers and turning centers market segmentation & scope
CNC Machining Centers and Turning Centers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cnc machining centers and turning centers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cnc machining centers and turning centers market size, 2023 (US$M)
Global cnc machining centers and turning centers market share, by end use, 2023 & 2030 (%, US$M)
Cnc machining centers and turning centers market: Opportunity assessment by country
Global cnc machining centers and turning centers market, by region, 2024 (US$M)
Related regional statistics
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