Germany Machine Tools Market Size & Outlook, 2024-2030
Germany machine tools market, 2018-2030 (US$M)
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Germany machine tools market highlights
- The Germany machine tools market generated a revenue of USD 5,546.0 million in 2022 and is expected to reach USD 8,304.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.2% 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 5,546.0 million |
| Market revenue in 2030 | USD 8,304.8 million |
| Growth rate | 5.2% (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, Germany accounted for 6.3% 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 Europe, Germany machine tools market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 7,264.0 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 74.46% in 2024. Horizon Databook has segmented the Germany machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Rising inflation diminishes the purchasing power of households, thus, impeding the recovery of private consumption of basic goods & services. In 2021, the German economy struggled to achieve a growth rate of 2% due to global supply bottlenecks in intermediate items, which prevented the local sector from accelerating despite healthy domestic and foreign demand.
Automotive industry in Germany is one of the largest in Europe, in terms of revenue as well as volume, due to the specific and innovative nature of car manufacturers and suppliers. The country is marked by the presence of over 41 OEMs, which account for the largest concentration of OEM plants in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Germany machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany machine tools market size, by technology, 2018-2030 (US$M)
Germany Machine Tools Market Outlook Share, 2024 & 2030 (US$M)
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