Europe Machine Tools Market Size & Outlook, 2024-2030
Europe machine tools market, 2018-2030 (US$M)
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Europe machine tools market highlights
- The Europe machine tools market generated a revenue of USD 23,787.8 million in 2022.
- The market is expected to grow at a CAGR of 4.8% 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, Italy is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 23,787.8 million |
| Market revenue in 2030 | USD 34,613.1 million |
| Growth rate | 4.8% (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, Europe region accounted for 27.1% 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 |
|---|
Europe 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 73.85% in 2024. Horizon Databook has segmented the Europe machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
In the first half of 2022, the war in Ukraine and the lockdown in China are projected to considerably impact growth. As the reality of a prolonged Russian invasion of Ukraine settles in, the appraisal of its economic repercussions on the world economy becomes more pessimistic.
The Russia-Ukraine war has directly and indirectly impacted the EU economy, putting it on a path of slower development and greater inflation. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the region’s economic growth.
In addition, public investment, notably in digital and transport infrastructure, is further anticipated to positively impact economic growth. Private investments, especially in the construction sector, are expected to drive the region’s economic growth.
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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 continent-level data and insights on the Europe machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into Europe machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe machine tools market size, by country, 2018-2030 (US$M)
Europe Machine Tools Market Outlook Share, 2024 & 2030 (US$M)
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