Global Machine Tools Market Size & Outlook, 2022-2030
Global machine tools market, 2018-2030 (US$M)
Related Markets
Global machine tools market highlights
- The global machine tools market generated a revenue of USD 87,939.9 million in 2022 and is expected to reach USD 137,426.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, metal cutting accounted for a revenue of USD 67,785.6 million in 2022.
- Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 87,939.9 million |
| Market revenue in 2030 | USD 137,426.8 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Metal cutting |
| Fastest growing segment | Metal Cutting |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal Cutting, Metal Forming |
Other key industry trends
- In terms of revenue, the North America accounted for 15.7% of the global machine tools market in 2022.
- 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 14,458.1 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global machine tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to machine tools market will help companies and investors design strategic landscapes.
Metal cutting was the largest segment with a revenue share of 77.08% in 2022. Horizon Databook has segmented the Global machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Machine Tools Type Outlook (Revenue, USD Million, 2018-2030)
- Metal Cutting
- Machining Centers
- Turning Machines
- Grinding Machines
- Milling Machines
- Eroding machines
- Others
- Metal Forming
- Bending Machines
- Presses
- Punching Machines
- Others
- Metal Cutting
- Global Machine Tools Technology Outlook (Revenue, USD Million, 2018-2030)
- Computer Numerical Control (CNC)
- Conventional
- Global Machine Tools End Use Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Mechanical Engineering
- Metal Working
- Aerospace
- Electrical industry
- Others
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Target buyers of Global machine tools market databook
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Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global machine tools market , including forecasts for subscribers. This global databook contains high-level insights into Global machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global machine tools market size, by regions, 2018-2030 (US$M)
Top 10 countries: Machine tools market size, 2022 (US$M)
Global machine tools market share, by type, 2022 & 2030 (%, US$M)
Machine tools market: Opportunity assessment by country
Global machine tools market, by region, 2022 (US$M)
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