North America Machine Tools Market Size & Outlook
North America machine tools market, 2018-2030 (US$M)
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North America machine tools market highlights
- The North America machine tools market generated a revenue of USD 13,778.2 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 13,778.2 million |
| Market revenue in 2030 | USD 19,079.1 million |
| Growth rate | 4.2% (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, North America region accounted for 15.7% 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.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North 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 76.32% in 2024. Horizon Databook has segmented the North America machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Significant growth is seen in the information technology (IT), construction, and mining sectors in the region. The region encompasses three large and complicated economic systems: the United States, Mexico, and Canada. North America is the world's largest and most influential economy, and it is seeing significant expansion as a result of its countries.
Industrial dynamics and commodities availability. Furthermore, the pandemic in North America caused an economic depression, prompting governments to announce a variety of economic stimulus. This effort is projected to fuel growth in the construction.
automotive, and energy industries. The present Russia-Ukraine situation, on the other hand, may impede economic activity to some extent due to inflation and raw material price instability, which is anticipated to damage the region's machine tool market.
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Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into North America machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America machine tools market size, by country, 2018-2030 (US$M)
North America Machine Tools Market Outlook Share, 2024 & 2030 (US$M)
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