World Machine Tools

World Machine Tools

Growth in the world machine tool will average 5.5 percent per annum through 2019, reaching $181 billion in that year. Advances will be driven by fairly strong gains in global durable goods output. The development of more advanced, better-performing machine tools is also expected to stimulate product demand.

This report segments the world machine tool industry by product type. Data is provided in millions of US dollars.

The following major machine tool products covered in this study are:
Metal Cutting Tools
Metal Forming Tools
Accessories & Spare Parts

Metal cutting tools, which accounted for 48 percent of world machine tool sales in 2014, are the leading product type. Through 2019, metal forming tools are forecast to record the fastest growth. Global manufacturing activity gains -- particularly in machinery and transportation equipment output -- are expected to stimulate sales of metal forming tools around the world.

Among the machine tool markets covered in this study are:
Machinery
Transportation Equipment
Primary & Fabricated Metals
Electrical & Electronic Equipment
Other Markets

Machinery, which accounted for 31 percent of all product sales in 2014, is the world’s largest market for machine tools. Transportation equipment is projected to register the fastest growth through 2019. Strong gains in medium and heavy truck and bus output, together with advances in light motor vehicle shipments, will drive advances in the transportation equipment segment.

In this study, historical demand and forecasts are presented for 17 countries in the following regions:
North America
Western Europe
Asia/Pacific
Central & South America
Eastern Europe
Africa/Mideast

The world machine tool industry consists of thousands of manufacturers. It includes both small, private companies as well as major multinationals. Only a small number of major acquisitions and divestitures have occurred recently. The world’s leading manufacturers of machine tools are Amada, Dalian Machine Tool, Fair Friend, Komatsu, Körber, Mitsubishi Electric, Okuma, Sandvik, TRUMPF, and Yamazaki Mazak.