Spain Machine Tools Market Size & Outlook, 2022-2030
Spain machine tools market, 2018-2030 (US$M)
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Spain machine tools market highlights
- The Spain machine tools market generated a revenue of USD 678.6 million in 2022 and is expected to reach USD 1,008.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.1% 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 678.6 million |
| Market revenue in 2030 | USD 1,008.4 million |
| Growth rate | 5.1% (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, Spain accounted for 0.8% 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 Europe, Germany machine tools market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 7,264.0 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 63.96% in 2022. Horizon Databook has segmented the Spain machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
To finance high levels of stocks and big investments in fixed assets, Spanish automotive manufacturers are heavily relying on bank funding or other external financing sources. While production shortfalls have lately deteriorated, a robust comeback in 2022 is projected with output climbing by 18%.
The imminent payment of the Next Generation EU fund is anticipated to boost the growth of automotive industry by assisting suppliers in their transition to e-mobility. The high demand for machine tools has stemmed from the country’s continual expansion in automobile industry.
The same trend is likely to continue in the country over the forecast period, thereby fueling the growth of the machine tools market in Spain. For instance, Zayer, a Spanish-based manufacturer of machine tools known for its travelling-column milling machines.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Spain machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain machine tools market size, by type, 2018-2030 (US$M)
Spain Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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