Machine Tools Market, By Product Type (Milling Machines, Lathes, Grinding Machines, Electrical Discharge Machines (EDM), and Others), By Material Type (Metal, Plastic, Composite, and Others), By Application (Automotive, Aerospace, General Engineering, Con

Machine Tools Market, By Product Type (Milling Machines, Lathes, Grinding Machines, Electrical Discharge Machines (EDM), and Others), By Material Type (Metal, Plastic, Composite, and Others), By Application (Automotive, Aerospace, General Engineering, Construction, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


The global machine tools market has been witnessing steady growth over the past few years. Machine tools are equipments or set of machines that fashion or shape metal or other rigid materials through processes like cutting, drilling, boring, grinding, and others. They are essential in several industries like automotive, aerospace & defense, electronics, metal fabrication, construction, and shipbuilding where precise shaping and finishing of products is necessary. Growth in these end-use industries leads to rising demand for machine tools that drives the global machine tools market. Increased investments in manufacturing sectors across major developing nations are expected to generate significant opportunities in the coming years. However, volatile steel prices and fluctuations in foreign exchange rates pose challenges.

Market Dynamics:

The global machine tools market is driven by factors such as growing automotive production, increasing investments in manufacturing industries in emerging economies, and rising adoption of advanced machining technologies such as CNC machining. However, high initial purchase and maintenance costs associated with machine tools restrict the market growth. Opportunities include the growth of Industry 4.0 and automation trend offering solutions like 3D printing and Internet of Things (IoT) connectivity in machine tools. Other opportunities comprise the growing aerospace and defense industry demanding precision parts manufacturing.

Key Features of the Study:
  • This report provides in-depth analysis of the global machine tools market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global machine tools market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include DMG Mori Seiki AG, Haas Automation, Inc., Mazak Corporation, Okuma Corporation, FANUC Corporation, Siemens AG, Mitsubishi Electric Corporation, Hyundai Wia Corporation, Makino Milling Machine Co., Ltd., Trumpf GmbH + Co. KG, JTEKT Corporation, EMAG GmbH & Co. KG, Kennametal Inc., Hardinge Inc., and Schütte GmbH
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global machine tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global machine tools market

  • Detailed Segmentation-
  • Product Type Insights (Revenue, US$ Bn, 2019 - 2031)
  • Milling Machines
  • Lathes
  • Grinding Machines
  • Electrical Discharge Machines (EDM)
  • Others
  • Material Type Insights (Revenue, US$ Bn, 2019 - 2031)
  • Metal
  • Plastic
  • Composite
  • Others
  • Application Insights (Revenue, US$ Bn, 2019 - 2031)
  • Automotive
  • Aerospace
  • General Engineering
  • Construction
  • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • DMG Mori Seiki AG
  • Haas Automation, Inc.
  • Mazak Corporation
  • Okuma Corporation
  • FANUC Corporation
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Hyundai Wia Corporation
  • Makino Milling Machine Co., Ltd.
  • Trumpf GmbH + Co. KG
  • JTEKT Corporation
  • EMAG GmbH & Co. KG
  • Kennametal Inc.
  • Hardinge Inc.
  • Schütte GmbH

  • 1. Research Objectives and Assumptions
    Research Objectives
    Assumptions
    Abbreviations
    2. Market Purview
    Report Description
    Market Definition and Scope
    Executive Summary
    Market Snippet, By Product Type
    Market Snippet, By Material Type
    Market Snippet, By Application
    Market Snippet, By Region
    3. Market Dynamics, Regulations, and Trends Analysis
    Market Dynamics
    Drivers
    Restraints
    Market Opportunities
    Regulatory Scenario
    Industry Trend
    Merger and Acquisitions
    New System Launches/Approvals
    Impact of COVID-19 Pandemic
    4. Global Machine Tools Market, By Product Type, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Milling Machines
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Lathes
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Grinding Machines
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Electrical Discharge Machines (EDM)
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Others
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    5. Global Machine Tools Market, By Material Type, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Metal
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Plastic
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Composite
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Others
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    6. Global Machine Tools Market, By Application, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Automotive
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Aerospace
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    General Engineering
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Construction
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Others
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    7. Global Machine Tools Market, By Region, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, By Region, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    North America
    Regional Trends
    Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Material Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    U.S.
    Canada
    Europe
    Regional Trends
    Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Material Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    Germany
    U.K.
    Spain
    France
    Italy
    Russia
    Rest of Europe
    Asia Pacific
    Regional Trends
    Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Material Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    China
    India
    Japan
    ASEAN
    Australia
    South Korea
    Rest of Asia Pacific
    Latin America
    Regional Trends
    Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Material Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    Brazil
    Argentina
    Mexico
    Rest of Latin America
    Middle East
    Regional Trends
    Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Material Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    Israel
    GCC Countries
    Rest of the Middle East
    Africa
    Regional Trends
    Market Size and Forecast, By Product Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Material Type, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
    Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    South Africa
    North Africa
    Central Africa
    8. Competitive Landscape
    Company Profiles
    DMG Mori Seiki AG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Haas Automation, Inc.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Mazak Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Okuma Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    FANUC Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Siemens AG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Mitsubishi Electric Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Hyundai Wia Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Makino Milling Machine Co., Ltd.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Trumpf GmbH + Co. KG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    JTEKT Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    EMAG GmbH & Co. KG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Kennametal Inc.
    Hardinge Inc.
    Schütte GmbH
    9. Analyst Recommendations
    Wheel of Fortune
    Analyst View
    Coherent Opportunity Map
    10. Research Methodology
    References
    Research Methodology
    About us and Sales Contact
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