Middle East & Africa Machine Tools Market Size & Outlook
Middle East & Africa machine tools market, 2018-2030 (US$M)
Related Markets
MEA machine tools market highlights
- The MEA machine tools market generated a revenue of USD 755.1 million in 2022.
- The market is expected to grow at a CAGR of 4.3% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 755.1 million |
| Market revenue in 2030 | USD 1,058.6 million |
| Growth rate | 4.3% (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, MEA region accounted for 0.9% 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: U.S. , Japan , Brazil , South Africa , Saudi Arabia
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 85.62% in 2022. Horizon Databook has segmented the Middle East & Africa machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as improvement in oil prices, and financial stimulus packages offered by governments of various countries in the region for economic recovery are contributing to the GDP growth of the Middle East. Favorable policies are anticipated to have a key role in attracting foreign direct investments to the construction sector of the region.
Major oil-producing economies such as the UAE and Saudi Arabia are shifting their focus toward the manufacturing of electrical & electronic goods, packaging products, and automobiles and their components.
Under Vision 2030, Saudi Arabia plans to invest approximately USD 2 trillion in clean energy plants and infrastructural development projects to create a favorable environment for the growth of electric vehicles market in the country, along with the establishment of electric vehicle charging infrastructures.
Reasons to subscribe to Middle East & Africa machine tools market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa machine tools market databook
-
Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA machine tools market size, by country, 2018-2030 (US$M)
Middle East & Africa Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
