South Africa Machine Tools Market Size & Outlook
South Africa machine tools market, 2018-2030 (US$M)
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South Africa machine tools market highlights
- The South Africa machine tools market generated a revenue of USD 192.9 million in 2022 and is expected to reach USD 281.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.8% 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 192.9 million |
| Market revenue in 2030 | USD 281.0 million |
| Growth rate | 4.8% (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, South Africa accounted for 0.2% 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 Middle East & Africa, South Africa machine tools market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 281.0 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 87.2% in 2022. Horizon Databook has segmented the South Africa machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
The economic repercussions of the Ukraine-Russia conflict have enhanced Saudi Arabia’s medium-term external & fiscal external prospects. Future updated COVID-19 versions, stricter global financial conditions, and shifting oil prices may hinder the country’s economic progress.
The private sector is a significant contributor to South Africa's economic growth. As a result of increased foreign direct investment, the South African automotive industry's expansion strategy has centered on becoming fully integrated into the global automotive ecosystem.
Through the South African Automotive Masterplan 2021-2035, the government intends to produce 1% of global vehicle production or 1.4 million vehicles annually in South Africa , considerably enhancing the country's position in the global vehicle production ranking.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa machine tools market , including forecasts for subscribers. This country databook contains high-level insights into South Africa machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa machine tools market size, by type, 2018-2030 (US$M)
South Africa Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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