Argentina Machine Tools Market Size & Outlook, 2022-2030
Argentina machine tools market, 2018-2030 (US$M)
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Argentina machine tools market highlights
- The Argentina machine tools market generated a revenue of USD 226.9 million in 2022 and is expected to reach USD 342.6 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, metal cutting was the largest revenue generating type in 2022.
- Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.
Machine tools market data book summary
| Market revenue in 2022 | USD 226.9 million |
| Market revenue in 2030 | USD 342.6 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Metal cutting |
| Fastest growing segment | Metal Cutting |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal Cutting, Metal Forming |
| Key market players worldwide | AMADA Co Ltd, Dmg Mori Co Ltd, Georg Fischer AG, Hyundai Motor Co, Komatsu Ltd, JTEKT Corp, Okuma Corp, Hurco Companies Inc, Datron AG, DN Solutions, Makino Milling Machine Co Ltd, General Technology Group Dalian Machine Tool Co., Amera-Seiki, Haas Automation |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.3% of the global machine tools market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil machine tools market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,265.9 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 84.44% in 2022. Horizon Databook has segmented the Argentina machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile market of Argentina witnessed a significant rise in May 2022 as approximately 35,302 units of vehicles were sold (+58.1%), making year-to-date sales of the country at 173,486 units (+1.6%). Volkswagen loses half its sales in the market in Argentina.
The rapid expansion of the automotive industry in the country has been driven by the implementation of the new national automotive plan, namely, the One Million Plan, which aims at doubling employment in this industry in the next five years owing to booming vehicle exports and increasing domestic automobile demand.
The flourishing automotive industry in Argentina is expected to drive the growth of the market for machine tools in the country. For instance, VCF 5500L turning center was added to the VCF 5500 series by DN Solutions in December 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Argentina machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina machine tools market size, by type, 2018-2030 (US$M)
Argentina Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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