Global Machine Tools

Global Machine Tools

Global demand for machine tools is projected to climb 3.8% per year through 2023 to $174 billion. Growth will largely be supported by advances in durable goods production (especially in countries such as India, China, and Russia) and a continued shift in the product mix toward higher value and/or automated models.

Machine Tool products include:
Metal cutting tools, such as machining centers laser and EDM tools, lathes, and grinding and polishing machines
Metal forming tools, including presses, punching and shearing machines, and bending and forming machines
Machine tool accessories and spare parts

Markets for machine tools discussed in this study include:
Machinery
Transportation equipment
Primary and fabricated metals
Electrical & electronic equipment

Demand is also broken out for major country and regional markets, including:
North America (US, Canada, Mexico)
Central & South America (Brazil)
Western Europe (France, Germany, Italy, Switzerland, United Kingdom)
Eastern Europe (Russia)
Asia/Pacific (China, India, Japan, South Korea, Taiwan, Thailand)
Africa/Mideast (Turkey)

Scope of the Report
This report covers the scope, size, and growth of the global machine tool market including key trends in products and markets in US dollars. Historical data are provided for 2008, 2013, and 2018 with forecasts for 2023. Year by year historical market volatility is also provided for the major countries covered. Also included is an analysis of the key industry players and their market share.