Market Overview:
The global machine tools market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc., By Application (Machinery Manufacturing, Automobile, Aerospace & Defense, Others), the automobile holds an important share in terms of applications and accounts for 38% of the market share., and By Region North America, Latin America, Europe Asia Pacific and Middle East & Africa).
Product Definition:
machine tools: tools used to shape or form parts of metal or other materials.
Machining Centers:
Machining centers are used to perform multiple operations at the same time with the help of programmed computers and automated tools. They are majorly used in machine tools sector, but can be also used in other sectors like automotive industry, aerospace & defense sector etc.
The global machining centers market is expected to witness significant growth over the forecast period owing to its ability to reduce human intervention and errors during manufacturing process along with providing better quality products.
Turning Machines:
A turning machine is a tool that rotates around an axis to perform work on another device or material. There are two types of turning machines, namely high-speed and low-speed. The high-speed type can turn faster than the low-speed type; however, both types have similar applications and characteristics.
The global market for turning machines is expected to witness significant growth over the forecast period owing to its increasing demand in various application industries including automotive industry.
Application Insights:
The machinery manufacturing application segment accounted for the largest market share in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for industrial machines used in various industries including construction, mining, automotive, etc. Industrialization has led to an increase in production activities across developing countries resulting in increased demand for machine tools which is anticipated to drive the global market over the coming years.
Aerospace & defense was another major application segment accounting for 8% of total revenue share in 2017 owing to rapid industrialization and urbanization resulting ¢â‚¬Ëœempty lands project¢â‚¬â„¢ being scarce globally which has resulted into increased utilization of land space leading towards development of aircrafts or spacecrafts with reduced size.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing foreign investments in India and China, which has resulted in an increase in the availability of advanced machine tools at competitive prices. Moreover, rising demand for precision tooling for various applications such as aerospace & defense and medical devices is anticipated to drive regional market growth over the forecast period.
The Asia Pacific region was followed by Europe, which accounted for 33% of total revenue share in 2017 owing to high product penetration across several industries including automotive (22%), machinery manufacturing (13%) and others (9%). The presence of major players coupled with their efforts towards distribution network expansion are some factors that can be attributed toward regional market growth over the forecast period.
Growth Factors:
- Increasing demand for automobiles and aircrafts
- Growing investments in the manufacturing sector
- Rising trend of automation in factories and workshops
- Proliferation of internet of things (IoT) across industries
- Emergence of Industry 4.0
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Tools Market Research Report
By Type
Machining Centers, Turning Machines, Grinding Machines, Electrical Discharge Machines, The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
By Application
Machinery Manufacturing, Automobile, Aerospace & Defense, Others, The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Machine Tools Market Report Segments:
The global Machine Tools market is segmented on the basis of:
Types
Machining Centers, Turning Machines, Grinding Machines, Electrical Discharge Machines, The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery Manufacturing, Automobile, Aerospace & Defense, Others, The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Machine Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Machining Centers
- Turning Machines
- Grinding Machines
- Electrical Discharge Machines
- The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
- By Application:
- Machinery Manufacturing
- Automobile
- Aerospace & Defense
- Others
- The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Machine Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Machine tools are machines used for the production of parts or products by machining.
Some of the major players in the machine tools market are Yamazaki Mazak, Trumpf, Komatsu, JTEKT, AMADA, Doosan Machine Tools, DMG MORI, Okuma, HYUNDAI WIA, Makino, Schuler, FFG/MAG, GF, Grob, Haas Automation, INDEX Group, KƒÂ¶rber AG, Gleason, Brother Industries, CHIRON Group, Shenyang Group, DMTG.
The machine tools market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Machine Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Machine Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Machine Tools Market - Supply Chain
4.5. Global Machine Tools Market Forecast
4.5.1. Machine Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Machine Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Machine Tools Market Absolute $ Opportunity
5. Global Machine Tools Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Machine Tools Market Size and Volume Forecast by Type
5.3.1. Machining Centers
5.3.2. Turning Machines
5.3.3. Grinding Machines
5.3.4. Electrical Discharge Machines
5.3.5. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Machine Tools Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Machine Tools Market Size and Volume Forecast by Application
6.3.1. Machinery Manufacturing
6.3.2. Automobile
6.3.3. Aerospace & Defense
6.3.4. Others
6.3.5. The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Machine Tools Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Machine Tools Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Machine Tools Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Machine Tools Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Machine Tools Demand Share Forecast, 2019-2026
9. North America Machine Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Machine Tools Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Machine Tools Market Size and Volume Forecast by Application
9.4.1. Machinery Manufacturing
9.4.2. Automobile
9.4.3. Aerospace & Defense
9.4.4. Others
9.4.5. The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Machine Tools Market Size and Volume Forecast by Type
9.7.1. Machining Centers
9.7.2. Turning Machines
9.7.3. Grinding Machines
9.7.4. Electrical Discharge Machines
9.7.5. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Machine Tools Demand Share Forecast, 2019-2026
10. Latin America Machine Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Machine Tools Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Machine Tools Market Size and Volume Forecast by Application
10.4.1. Machinery Manufacturing
10.4.2. Automobile
10.4.3. Aerospace & Defense
10.4.4. Others
10.4.5. The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Machine Tools Market Size and Volume Forecast by Type
10.7.1. Machining Centers
10.7.2. Turning Machines
10.7.3. Grinding Machines
10.7.4. Electrical Discharge Machines
10.7.5. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Machine Tools Demand Share Forecast, 2019-2026
11. Europe Machine Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Machine Tools Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Machine Tools Market Size and Volume Forecast by Application
11.4.1. Machinery Manufacturing
11.4.2. Automobile
11.4.3. Aerospace & Defense
11.4.4. Others
11.4.5. The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Machine Tools Market Size and Volume Forecast by Type
11.7.1. Machining Centers
11..2. Turning Machines
11.7.3. Grinding Machines
11.7.4. Electrical Discharge Machines
11.7.5. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Machine Tools Demand Share, 2019-2026
12. Asia Pacific Machine Tools Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Machine Tools Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Machine Tools Market Size and Volume Forecast by Application
12.4.1. Machinery Manufacturing
12.4.2. Automobile
12.4.3. Aerospace & Defense
12.4.4. Others
12.4.5. The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Machine Tools Market Size and Volume Forecast by Type
12.7.1. Machining Centers
12.7.2. Turning Machines
12.7.3. Grinding Machines
12.7.4. Electrical Discharge Machines
12.7.5. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Machine Tools Demand Share, 2019-2026
13. Middle East & Africa Machine Tools Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Machine Tools Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Machine Tools Market Size and Volume Forecast by Application
13.4.1. Machinery Manufacturing
13.4.2. Automobile
13.4.3. Aerospace & Defense
13.4.4. Others
13.4.5. The automobile holds an important share in terms of applications, and accounts for 38% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Machine Tools Market Size and Volume Forecast by Type
13.7.1. Machining Centers
13.7.2. Turning Machines
13.7.3. Grinding Machines
13.7.4. Electrical Discharge Machines
13.7.5. The top types of machine tools mainly include machining centers (41.7%), turning machines (33.9%), grinding machines (8.1%), electrical discharge machines (3.4%), etc.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Machine Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Machine Tools Market: Market Share Analysis
14.2. Machine Tools Distributors and Customers
14.3. Machine Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yamazaki Mazak
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Trumpf
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Komatsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JTEKT
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AMADA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Doosan Machine Tools
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DMG MORI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Okuma
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HYUNDAI WIA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Makino
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schuler
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FFG/MAG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GF
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Grob
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Haas Automation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. INDEX Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Körber AG
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Gleason
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
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