Japan Machine Tools Market Size & Outlook, 2022-2030
Japan machine tools market, 2018-2030 (US$M)
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Japan machine tools market highlights
- The Japan machine tools market generated a revenue of USD 3,881.6 million in 2022 and is expected to reach USD 6,392.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.4% 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 3,881.6 million |
| Market revenue in 2030 | USD 6,392.4 million |
| Growth rate | 6.4% (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, Japan accounted for 4.4% 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 Asia Pacific, China machine tools market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,873.2 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 84.43% in 2022. Horizon Databook has segmented the Japan machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Consumption and investment were stifled by regulations regarding hygiene, which slowed economic activity. Workers and households with a lesser loyalty to their jobs were adversely impacted. A partial recovery was achieved, however, due to strong government backing and the reopening of the economy in 2021.
Growth is expected to pick up again due to improved macroeconomic policies and vaccine developments. The recovery of Japan's economy is predicted to be fueled by rising business investments and rising consumer spending, both of which are supported by shopping rebates. Japan's main industries include manufacturing, construction, automotive, and machinery.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Japan machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan machine tools market size, by type, 2018-2030 (US$M)
Japan Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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