Latin America Machine Tools Market Size & Outlook
Latin America machine tools market, 2018-2030 (US$M)
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Latin America machine tools market highlights
- The Latin America machine tools market generated a revenue of USD 1,230.5 million in 2022.
- The market is expected to grow at a CAGR of 5.5% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,230.5 million |
| Market revenue in 2030 | USD 1,884.4 million |
| Growth rate | 5.5% (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, Latin America region accounted for 1.4% 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.
Key Regions: Brazil , U.S. , Japan , Argentina , Canada
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 85.98% in 2022. Horizon Databook has segmented the Latin America machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America has been witnessing an inflow of new companies, particularly from North America in the region. Most of the manufacturing and construction companies based in North America are strategically orienting their investments in this region, specifically in Costa Rica and Brazil.
Owing to the presence of excellent engineering, manufacturing, and servicing facilities in Central & South America. Significant manufacturing clusters and special economic zones (SEZs) are being developed in the region for its robust economic growth.
The focus of governments of different countries in Central & South America is on the development of sustainable infrastructures related to railways, urban mass transits, energy and oil & gas production, renewable energy generation, etc. to meet the demands for machine tools of the growing population.
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Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
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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 Latin America machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America machine tools market size, by country, 2018-2030 (US$M)
Latin America Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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