#MachineToolsMarket

[market-insider]

Machine Tools in Manufacturing: Growth Drivers and Challenges

The global machine tools market size is expected to reach USD 137.43 billion by 2030, registering to grow at a CAGR of 7.0% from 2025 to 2030 according to a new report by Grand View Research, Inc. The increased need for higher efficiency and precision in complex machining tools, as well as lower operating costs in industries, such as aerospace, automotive, and defense, have led to an increased usage of machine tools.

The machining time is more expensive than the setup fees, material expenses, and fees for custom finishing a job or workpiece. Owing to all these advantages, manufacturers are gradually shifting toward the automation of machines to reduce time by rolling out connectivity networks and deploying the latest software. Such technological developments are anticipated to boost the sales of machine tools in the forecast period.

Machine Tools Market Report Highlights

Machine tools are used across various industries and industry verticals, including automobile, aerospace, and others, to manufacture various components with precision and speed while ensuring adequate flexibility. 

Metal cutting machines are widely utilized in many end-use sectors such as automotive, mechanical engineering, metal working, and aerospace, to produce completed products with the necessary geometry by cutting various types of ferrous and non-ferrous metals. 

The use of CNCs as milling machines, lathes, abrasive jet cutters, laser cutters, press brakes, punch presses, and other industrial instruments has been expanding quickly with the development of computers. 

The electrical and electronics industry is one of the world’s largest industries. It includes a broad range of goods, from bulky consumer electronics to tiny electrical parts.

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The machine tools products are increasingly getting complex in line with the shifting customer preferences toward higher-quality products. Hence, manufacturers are also gearing up to develop complex products and are accordingly automating their CNC machining processes to enhance product quality while reducing operating costs. For instance, in July 2020, SKODA AUTO Germany GmbH launched automated supplying and ordering of parts for CNC processing lines at its plant in Vrchlabi, Czech Republic as part of the efforts to increase the productivity of the plant.

Machine tool manufacturers are trying aggressively to develop energy-efficient tools to cater to the manufacturers’ needs to reduce operating costs while eliminating errors in manufacturing, leveraging IoT technology and predictive analytics capabilities. For instance, automotive companies are increasingly opting for CNC machining in line with the growing demand for spare parts with higher precision.

Industry 4.0 is particularly encouraging digital transformation across the entire automotive industry, spanning automotive OEMs, dealers, and suppliers, among other industry stakeholders, which bodes well for the growing demand for CNC machine tools. The motorsport industry is particularly using CNC machine tools to reduce manufacturing time and to ensure that components are manufactured flawlessly. As such, various racing car manufacturers are striking partnerships with CNC machine tool providers to manufacture precision components.

List of Key Players of Machine Tools Market

Amada Machine Tools Co., Ltd.

CHIRON GROUP SE

DMG MORI. CO., LTD.

DN Solutions

Georg Fischer Ltd.

HYUNDAI WIA CORP

JTEKT Corporation

Komatsu Ltd

We have segmented the global machine tools market on the basis of type, technology, end use, and region

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Global and Japan Machine Tools Market Insights, Forecast to 2027

Machine Tools market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Machine Tools market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.

For Japan market, this report focuses on the Machine Tools market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

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Segment 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.

Segment 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 Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

U.A.E

By Company

Yamazaki Mazak

Trumpf

Komatsu

JTEKT

AMADA

Doosan Machine Tools

DMG MORI

Okuma

HYUNDAI WIA

Makino

Schuler

FFG/MAG

GF

Grob

Haas Automation

INDEX Group

K?rber AG

Gleason

Brother Industries

CHIRON Group

Shenyang Group

DMTG

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Table of content

1 Study Coverage 1.1 Machine Tools Product Introduction 1.2 Market by Type 1.2.1 Global Machine Tools Market Size Growth Rate by Type 1.2.2 Machining Centers 1.2.3 Turning Machines 1.2.4 Grinding Machines 1.2.5 Electrical Discharge Machines 1.3 Market by Application 1.3.1 Global Machine Tools Market Size Growth Rate by Application 1.3.2 Machinery Manufacturing 1.3.3 Automobile 1.3.4 Aerospace & Defense 1.3.5 Others 1.4 Study Objectives 1.5 Years Considered 2 Executive Summary 2.1 Global Machine Tools Market Size, Estimates and Forecasts 2.1.1 Global Machine Tools Revenue 2016-2027 2.1.2 Global Machine Tools Sales 2016-2027 2.2 Global Machine Tools, Market Size by Region: 2016 VS 2021 VS 2027 2.3 Machine Tools Historical Market Size by Region (2016-2021) 2.3.1 Global Machine Tools Retrospective Market Scenario in Sales by Region: 2016-2021 2.3.2 Global Machine Tools Retrospective Market Scenario in Revenue by Region: 2016-2021 2.4 Machine Tools Market Estimates and Projections by Region (2022-2027) 2.4.1 Global Machine Tools Sales Forecast by Region (2022-2027) 2.4.2 Global Machine Tools Revenue Forecast by Region (2022-2027) 3 Global Machine Tools Competitor Landscape by Players 3.1 Global Top Machine Tools Manufacturers by Sales 3.1.1 Global Machine Tools Sales by Manuf

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The global machine tools industry is projected to grow from a market size of USD 77.0 billion in 2019 to USD 98.3 billion in 2027 at a CAGR of 3.2% during the period (2019-2027).

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Global Machine Tools Market: Market Outlook, Growth Factors, Market Demands, Industry Analysis & Forecast to 2027

According to the new market research report "Global Machine Tools Market by product type (Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines), Automation Type, Industry Segment, Sales Channel, and Region – Global Forecast to 2027" published by MarketsandMarkets™, The Machine Tools Market is estimated to be USD 77.0 billion in 2019 and is projected to reach USD 98.3 billion by 2027, at a CAGR of 3.2%.

The overall Machine Tools Market is highly governed by the continually rising industrial manufacturing and processing sector worldwide. The Asia Pacific is estimated to remain a frontrunner in the market during the forecast period. Several technological advancements have been introduced by the machine tools manufacturers in Europe and North America due to the demand for highly sophisticated products and components from the end-users from those regions. The overall machine tool industry is quite fragmented with international and domestic players in the market.

The Machine Tools Market is dominated by Doosan Machine Tools Co. Ltd (Japan), AMADA Pvt. Ltd. (Japan), Makino (Japan), JTKET Corporation (Japan), Georg Fischer Ltd. (Switzerland), Komatsu NTC Ltd. (Japan), OKUMA Corporation (Japan), Hyundai WIA (South Korea), Schuler AG (Germany), Chiron Group SE (Germany), MAG IAS GmbH (Germany), GROB-WERKE GmbH & Co. KG (Germany), Haas Automation Inc. (USA), Gleason Corporation (USA), Spinner Machine Tools (Germany), Dalian Machine Tools Group Corporation (China), Yamazaki Mazak Corporation (Japan), DMG MORI (Germany), Electronica Hitech Engineering Pvt. Ltd. (India), Ace Micromatic Group (India).

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Electrical Discharge Machine is the fastest-growing product type

EDM is an important process in metal fabrication. Cutting of metals with precision and accuracy to the exact dimensions has been a driver for the acceptance of the EDM machines in the industrial sector across the globe. Advancement in the EDM machines has been possible due to continuous R&D efforts by major machine tools manufacturers. China is the leader in the introduction of EDM machines and is expected to surpass the North American and Rest of Asia markets taken together. In Europe, the maximum demand for EDM machines is mainly observed in Germany and Italy.

Direct sales are expected to be the fastest-growing sales channel for the machine tool industry

Direct sales are selling directly to the consumers without any intervention of external parties. This is achieved via personal arrangements, in-person demos, and direct online sales. This helps in gaining direct feedback from the customer regarding the product or service and can be handled quickly. There is no requirement for sharing the revenues with a channel partner or reseller. The sales process, pricing, and all the components of the process can be controlled directly by the manufacturers.

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The Asia Pacific is the largest market for the machine tool industry, followed by Europe

Chinese economic growth is stable and the interest in spending money to develop high-quality products and components is rising and will continue till the next decade. There has been growth in the manufacturing industry, and investments by major manufacturers in developing countries like India and China have increased. Other Asian countries such as Japan, Korea, and India are showcasing promising growth for the years 2017–2018, which is expected to continue until 2027. The Asian market is the hub for the European and North American machine tool manufacturers.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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[businesstobusiness-b2b]

The Global Machine Tools Market is projected to grow from $77.0 billion in 2019 to $98.3 billion in 2027 at a CAGR of 3.2% during the forecast period.

[businesstobusiness-b2b]

Global Machine Tools Market by product type (Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines), Automation Type, Industry Segment, Sales Channel, and Region – Global Forecast to 2027

[businesstobusiness-b2b]

The Global Machine Tools Market is projected to grow from $77.0 billion in 2019 to $98.3 billion in 2027 at a CAGR of 3.2% during the forecast period.