Europe Cnc Machining Centers And Turning Centers Market Size & Outlook
The cnc machining centers and turning centers market in Europe is expected to reach a projected revenue of US$ 10,227.8 million by 2030. A compound annual growth rate of 5.6% is expected of Europe cnc machining centers and turning centers market from 2025 to 2030.
Revenue, 2024 (US$M)
$7,358.5
Forecast, 2030 (US$M)
$10,227.8
CAGR, 2025 - 2030
5.6%
Report Coverage
Europe
Europe cnc machining centers and turning centers market, 2018-2030 (US$M)
Related Markets
Europe cnc machining centers and turning centers market highlights
- The Europe cnc machining centers and turning centers market generated a revenue of USD 6,976.3 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, machining center was the largest revenue generating product in 2023.
- Machining Center is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,976.3 million |
| Market revenue in 2030 | USD 10,227.8 million |
| Growth rate | 5.6% (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 |
| Key market players worldwide | AMADA Co Ltd, Novartis AG ADR, Dmg Mori Co Ltd, DN Solutions, Georg Fischer AG, JTEKT Corp, Komatsu Ltd, Makino Milling Machine Co Ltd, Okuma Corp, Hurco Companies Inc, General Technology Group Dalian Machine Tool Co., Amera-Seiki, Haas Automation, Datron AG |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.8% of the global cnc machining centers and turning centers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 23,873.0 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 |
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Europe cnc machining centers and turning centers market size, by country, 2018-2030 (US$M)
Europe CNC Machining Centers and Turning Centers Market Outlook Share, 2024 & 2030 (US$M)
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