Italy Machine Tools Market Size & Outlook, 2022-2030
Italy machine tools market, 2018-2030 (US$M)
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Italy machine tools market highlights
- The Italy machine tools market generated a revenue of USD 4,762.5 million in 2022 and is expected to reach USD 7,264.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.4% 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 4,762.5 million |
| Market revenue in 2030 | USD 7,264.0 million |
| Growth rate | 5.4% (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, Italy accounted for 5.4% 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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Italy 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 53% in 2022. Horizon Databook has segmented the Italy machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Protracted supply constraints and sharply rising energy prices darken the near-term outlook. In the near future, diminishing purchasing power and consumer confidence are projected to impact real GDP growth, especially in the consumer services sector. In 2022 and 2023.
Investment spending growth is projected to decelerate but stay stable, as a result of actions included in Italy’s Recovery and Resilience Plan. Auto motive is one of Italy’s most vital sectors. The Ministry of Economic Development provides incentives for the purchase of low-emission vehicles.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Italy machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy machine tools market size, by type, 2018-2030 (US$M)
Italy Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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