+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Machine Tools - Global Market Trajectory & Analytics

  • ID: 338762
  • Report
  • February 2022
  • Region: Global
  • 782 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ace Micromatic Group
  • DMG Mori Co., Ltd.
  • Gleason Corporation
  • Hardinge, Inc.
  • Kennametal Inc.
  • Sandvik AB

Global Machine Tools Market to Reach $87.4 Billion by 2027


Amid the COVID-19 crisis, the global market for Machine Tools estimated at US$67.6 Billion in the year 2020, is projected to reach a revised size of US$87.4 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Machining Centers, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$18.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lathe Machines segment is readjusted to a revised 4.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 4.5% CAGR


The Machine Tools market in the U.S. is estimated at US$6.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.3 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Bending & Forming Machines Segment to Record 4.3% CAGR


In the global Bending & Forming Machines segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.9 Billion in the year 2020 will reach a projected size of US$9.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.8 Billion by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 412 Featured) -

  • Ace Micromatic Group
  • Allied Machine & Engineering Corporation
  • Amada Co, Ltd.
  • Amada Machine Tools America, Inc.
  • Chiron Group SE
  • Dalian Machine Tool Group Corporation
  • DMG Mori Co., Ltd.
  • Doosan Machine Tools Co. Ltd.
  • Electronica Hitech Engineering Pvt. Ltd.
  • FANUC Corporation
  • FANUC America Corporation
  • GF Machining Solutions Management SA
  • Gleason Corporation
  • GROB-WERKE GmbH & Co. KG
  • Hardinge, Inc.
  • Jones & Shipman Hardinge Ltd.
  • Haas Automation, Inc.
  • Hyundai WIA Co. Ltd.
  • JTEKT Corporation
  • Kennametal Inc.
  • Komatsu Ltd.
  • Makino Milling Machine Co. Ltd.
  • Okuma Corporation
  • Otto Bihler Maschinenfabrik GmbH & Co. KG
  • Sandvik AB
  • Sandvik Coromant
  • Schuler AG
  • Shanghai Machine Tool Works Ltd.
  • Shape Technologies Group
  • Sodick
  • Spinner Machine Tools GmbH
  • TAJMAC-ZPS, a.s.
  • Trumpf Group
  • Walter AG
  • Yamazaki Mazak Corporation
Frequently Asked Questions about the Global Market for Machine Tools

What is the estimated value of the Global Market for Machine Tools?

The Global Market for Machine Tools was estimated to be valued at $67.6 Billion in 2020.

What is the growth rate of the Global Market for Machine Tools?

The growth rate of the Global Market for Machine Tools is 3.7%, with an estimated value of $87.4 Billion by 2027.

What is the forecasted size of the Global Market for Machine Tools?

The Global Market for Machine Tools is estimated to be worth $87.4 Billion by 2027.

Who are the key companies in the Global Market for Machine Tools?

Key companies in the Global Market for Machine Tools include Ace Micromatic Group, Allied Machine & Engineering Corporation, Amada Co, Ltd., Amada Machine Tools America, Inc., Chiron Group SE, Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd., Doosan Machine Tools Co. Ltd. and FANUC Corporation.

FEATURED COMPANIES

  • Ace Micromatic Group
  • DMG Mori Co., Ltd.
  • Gleason Corporation
  • Hardinge, Inc.
  • Kennametal Inc.
  • Sandvik AB

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Outbreak Poised to Dent Market Prospects in the Immediate Term
  • An Introduction to Machine Tools
  • Key Product Segments
  • Segmentation by Machine Price & Precision
  • Key End Use Sectors
  • Machine Tools: Market Fortunes Closely Linked to Manufacturing Sector & Economic Environment
  • Recent Market Activity
  • The “Great Lockdown” of 2020 Crushes the Global Economy
  • World GDP Growth Rates in % for the Years 2019 and 2020 by Country/Region
  • Global Purchasing Managers' Index (PMI) Points for the Years 2018 through 2020
  • What Does This Means for Manufacturing?
  • Despite Discouraging Short-Term Outlook, Long-Term Growth Prospects Remain Optimistic
  • Global Machine Tools Market (2019E): Percentage Breakdown of Dollar Production by Country
  • Industry 4.0 and its Impact on Machine Tools Industry
  • A Review of Market Performance over the Past Decade and a Half
  • Competitive Scenario
  • Machine Tools: A Fragmented Marketplace
  • Vendors Emphasize Product Innovations & Enhancements to Maintain Competitive Edge
  • Service & Support Emerge as Prime Focus Areas
  • Product Pricing Continues to be Key Business Strategy
  • Vendors Reinforce Distribution Channels
  • Machine Tools - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Reshoring Drives Growth Prospects in Developed Markets
  • Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit Machine Tools
  • Automotive Production in Developing Countries Augurs Well for Machine Tools
  • World Automobile Production in Million Units: 2008-2022
  • Switch to Electric Vehicles (EVs) May Affect Demand of Machine Tools
  • Global EV Sales (In Million Units) for the Years 2019, 2025 & 2030
  • Aerospace Industry: COVID-19 Plays Spoilsport to Airlines Market Affecting the Machine Tool Industry
  • Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
  • Emphasis on Specialized Aerospace Materials to Spur Demand for Sophisticated Machine Tools
  • Projected Long-Term Growth in the Semiconductor Industry to Drive Future Demand
  • Heavy Equipment/Machinery Manufacturing Industry Promises Bright Prospects
  • Developments in Renewable Energy Help Spur Market Opportunities
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Technology Refinements Boost Demand for Numerical Control (NC) Machine Tools
  • Advent of 3D-Printing Machines: Marks the Emergence of Next Generation Machine Tools
  • Steady Growth Anticipated for Multitasking Machine Tools
  • Smart Machines Grow in Popularity
  • Adoption of Predictive Analytics Drives Market Growth
  • Wide-ranging Benefits Fueling Demand for CNC Machine Tools
  • CNC Machines Finds Application in Wide Spectrum of Application Areas
  • CNC Machines Help Improve Performance and Productivity
  • Retrofit Market Keeps CNC Machinery Sales Alive
  • Robotic-Assisted Technology and Automation Spurs Growth
  • Trends Across Major Product Markets
  • Metal Cutting Tools Market: An Overview
  • Steady Growth Predicted for Metal Cutting Machines Market over the Long Term
  • Surging Automation in End-Use Industries Drive Growth in the Global Lathe Machines Market
  • Carbide Tools: Most Sought After
  • High Speed Steel Cutting Tools: Hopes Pinned onto Powder Metallurgical HSS to Spearhead Growth
  • Rising Popularity of Carbon Fiber-Reinforced Polymers Bodes Well for Advanced Cutting Tools
  • Innovative Pricing Strategies: Need of the Hour for Cutting Tool Vendors
  • Grinding Machines Market: An Overview
  • Strong Opportunities in Orthopedic Implant Manufacturing over the Long Term
  • Advanced Grinding Techniques Spearhead Growth
  • Shortage of Skilled Labor Drives Automation Trends in Grinding Machinery
  • Digitalization and the Future of Machining
  • Metal Forming Machine Tools: An Overview
  • Laser Cutting Machines Market: An Overview
  • Asia-Pacific to Drive Market for Laser Cutting Machine Tools
  • Ultrashort Pulsed Laser Technology Gains Popularity
  • Fiber Laser Technology Gains Prominence at the Expense of CO2 Laser Technology
  • Adoption of Nanosecond Pulsed Fiber Lasers Poised to Grow Rapidly
  • Waterjet Cutting Machines Market: An Overview
  • Advanced Machines to Drive Growth in Waterjet Cutting Machinery Market
  • Expanding Applications to Spur Long Term Growth in the Market
  • Excellence in Technology: Critical to Future Evolution of Machine Tools Industry
  • Technology Innovation: Key to Growth in the Market
  • Connected, Automated Machines Facilitate Machine Tool Innovations
  • Innovations that Changed Production Processes
  • Technology Trends Shaping the Future of Manufacturing Sector
  • Modern Safety Innovations in Machine Tools
  • Select Latest Innovations
  • Brief Note on Distribution and Sales Channels

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Machine Tools Market in the US: An Overview
  • Amidst COVID-19 Crisis, Manufacturing Activities Come to a Halt
  • Machine Tools Vital for Defense Manufacturing Activities
  • Cutting Tools Market: Overview

CANADA

  • Machine Tools Industry: An Overview
  • Aerospace Industry Vital for Canadian Machine Tools Market
  • Distribution Channels

JAPAN

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Japan: A Major Machine Tools Market
  • A Key Import Market for High Performance Machines
  • Market Structure

CHINA

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China’s Machine Tools Exhibits Downward Trend
  • Manufacturing Industry Output Value Growth (%) in China for the Years 2019 through 2024
  • End-Use Industry Dynamics to Determine Machine Tools Demand Trends in China
  • China’s Prominence as World’s Manufacturing Hub Contributes to Leadership
  • Automotive Industry Trends Set the Tone for Machine Tools Market
  • Chinese Military Modernization Augurs Well for Machine Tool Industry
  • Market Structure
  • Chinese Machine Tools Market: Percentage Breakdown of Sales Revenue by Tool Makers for 2019
  • Chinese Machine Tools Market: Percentage Share Breakdown of Ownership by Tool Makers for 2019
  • Challenges Ahead

EUROPE

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • European Machine Tools Industry: An Overview
  • HSK Tooling Standard
  • Applications of HSK Technology

FRANCE

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

INDIA

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Machine Tools Market in India: An Overview
  • Factors Affecting the Industry
  • Increased Adoption of CNC-based Tools and Make-in-India Initiative: Long Term Growth Opportunities
  • Indigenization of Defense Systems Boosts Prospects for Machine Tools Market
  • Indian Machine Tools Industry Preps Up to Support Exports Demand
  • Outsourcing Market Posts Gains
  • Industry Structure
  • Indian Machine Tools Market: Percentage Share Breakdown of Value Production by Region for 2019

SOUTH KOREA

  • TAIWAN

REST OF ASIA-PACIFIC

LATIN AMERICA

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Machine Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 412

A selection of companies mentioned in this report includes:

  • Ace Micromatic Group
  • Allied Machine & Engineering Corporation
  • Amada Co, Ltd.
  • Amada Machine Tools America, Inc.
  • Chiron Group SE
  • Dalian Machine Tool Group Corporation
  • DMG Mori Co., Ltd.
  • Doosan Machine Tools Co. Ltd.
  • Electronica Hitech Engineering Pvt. Ltd.
  • FANUC Corporation
  • FANUC America Corporation
  • GF Machining Solutions Management SA
  • Gleason Corporation
  • GROB-WERKE GmbH & Co. KG
  • Hardinge, Inc.
  • Jones & Shipman Hardinge Ltd.
  • Haas Automation, Inc.
  • Hyundai WIA Co. Ltd.
  • JTEKT Corporation
  • Kennametal Inc.
  • Komatsu Ltd.
  • Makino Milling Machine Co. Ltd.
  • Okuma Corporation
  • Otto Bihler Maschinenfabrik GmbH & Co. KG
  • Sandvik AB
  • Sandvik Coromant
  • Schuler AG
  • Shanghai Machine Tool Works Ltd.
  • Shape Technologies Group
  • Sodick
  • Spinner Machine Tools GmbH
  • TAJMAC-ZPS, a.s.
  • Trumpf Group
  • Walter AG
  • Yamazaki Mazak Corporation