Asia Pacific Machine Tools Market Size & Outlook
Asia Pacific machine tools market, 2018-2030 (US$M)
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Asia Pacific machine tools market highlights
- The Asia Pacific machine tools market generated a revenue of USD 48,388.3 million in 2022.
- The market is expected to grow at a CAGR of 6.6% 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.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 48,388.3 million |
| Market revenue in 2030 | USD 80,791.7 million |
| Growth rate | 6.6% (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 |
| 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, Asia Pacific region accounted for 55.0% of the global machine tools market in 2022.
- 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 80,791.7 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 78.53% in 2022. Horizon Databook has segmented the Asia Pacific machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, Asia Pacific is the fastest-growing region in terms of both population and economic growth. Rapid urbanization, increased investments by governments, and rising consumer spending have boosted the Asian economy, thereby propelling infrastructure development in the construction industry.
Emerging economies such as China, India, and Japan are the key countries driving the development of the oil & gas, automotive, aviation, and building & construction industries in this region. The competition among Chinese capital markets and a few other Asian economies is generating lucrative growth.
Opportunities for the industries, which has, in turn, created a favorable environment for investments in the machine tools market. According to International Organization of Motor Vehicle Manufacturers, Asia Pacific is the largest transportation market in the world.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific machine tools market size, by country, 2018-2030 (US$M)
Asia Pacific Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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