Global Machine Tools Market Growth 2023-2029

Global Machine Tools Market Growth 2023-2029

Machine tool is able to complete the turning, milling, planing, shearing, bending, boring, grinding, stamping, machining and drilling and other machining function.

LPI (LP Information)' newest research report, the “Machine Tools Industry Forecast” looks at past sales and reviews total world Machine Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Machine Tools sales for 2023 through 2029. With Machine Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Machine Tools industry.

This Insight Report provides a comprehensive analysis of the global Machine Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Machine Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Machine Tools market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Machine Tools and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Machine Tools.

The global Machine Tools market size is projected to grow from US$ 62060 million in 2022 to US$ 54790 million in 2029; it is expected to grow at a CAGR of 54790 from 2023 to 2029.

Global Machine Tools key players include Yamazaki Mazak, Trumpf, AMADA, DMG MORI, etc. Global top four manufacturers hold a share about 15%.

Asia-Pacific is the largest market, with a share over 55%, followed by Europe and North America, both have a share about 35 percent.

In terms of product, Machining Centers is the largest segment, with a share over 40%. And in terms of application, the largest application is Automobile, followed by Machinery Manufacturing, Aerospace & Defense, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Machine Tools market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Machining Centers

Turning Machines

Grinding Machines

Electrical Discharge Machines

Segmentation by application

Machinery Manufacturing

Automobile

Aerospace & Defense

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Yamazaki Mazak

Trumpf

Komatsu

JTEKT

AMADA

Doosan Machine Tools

DMG MORI

Okuma

HYUNDAI WIA

Makino

Schuler

FFG/MAG

GF

Grob

Haas Automation

INDEX Group

Körber AG

Gleason

Brother Industries

CHIRON Group

Shenyang Group

DMTG

Key Questions Addressed in this Report

What is the 10-year outlook for the global Machine Tools market?

What factors are driving Machine Tools market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Machine Tools market opportunities vary by end market size?

How does Machine Tools break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.