Switzerland Machine Tools Market Size & Outlook, 2022-2030
Switzerland machine tools market, 2018-2030 (US$M)
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Switzerland machine tools market highlights
- The Switzerland machine tools market generated a revenue of USD 930.8 million in 2022 and is expected to reach USD 1,324.9 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 4.5% 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.
Machine tools market data book summary
| Market revenue in 2022 | USD 930.8 million |
| Market revenue in 2030 | USD 1,324.9 million |
| Growth rate | 4.5% (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, Switzerland accounted for 1.1% 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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Switzerland 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 84.6% in 2022. Horizon Databook has segmented the Switzerland machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Consumption in Switzerland is boosted by continued labor-market development and a fall in the high savings rate. Increasing energy and commodity costs will be a drag on GDP, pushing headline inflation above the Swiss National Bank's target range to 2.5% in 2022 before dropping to 1.8% in 2023.
The growing transportation sector will drive the demand for the machine tools market. For instance, in January 2022, Star Micronics introduced the SD-26, a Swiss type automatic lathe capable of milling up to 26-dia. It is primarily aimed at complex-shaped parts for hydraulic/pneumatic equipment, automotive, and medical-related applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Switzerland machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Switzerland machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland machine tools market size, by type, 2018-2030 (US$M)
Switzerland Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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