Brazil Machine Tools Market Size & Outlook, 2022-2030
Brazil machine tools market, 2018-2030 (US$M)
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Brazil machine tools market highlights
- The Brazil machine tools market generated a revenue of USD 813.4 million in 2022 and is expected to reach USD 1,265.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.7% 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 813.4 million |
| Market revenue in 2030 | USD 1,265.9 million |
| Growth rate | 5.7% (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, Brazil accounted for 0.9% 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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Brazil 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 86.43% in 2022. Horizon Databook has segmented the Brazil machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the construction industry in Brazil is expected to be driven by the rise in investments for carrying out infrastructure development projects. The programs of the government of the country, including Plano Decenal de Expansao de Energia 2026.
National Education Plan, and Minha Casa Minha Vida (MCMV), are expected to support the growth of the construction industry in Brazil. This, in turn, is anticipated to drive the demand for machine tools in Brazil during the forecast period.
The growth of the construction industry in Brazil has been stagnant for the past few years owing to restricted credit supply, increased economic recession, and declined demand from residential and nonresidential buildings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Brazil machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil machine tools market size, by type, 2018-2030 (US$M)
Brazil Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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