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Global Machine Tools Market: By Tool Type: Metal Cutting, Metal Forming, Accessories; By Technology Type: Conventional, CNC; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Machine Tools Market Outlook
The global machine tools market size reached a value of almost USD 115 billion in the year 2020. The industry is further expected to grow at a CAGR of 5.5% between 2021 and 2026 to reach a value of almost USD 157.5 billion by 2026.
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The global machine tools market is driven by automated and high-precision equipment. The Asia Pacific region is the leading regional market in the industry globally. A major trend driving the industry includes the growing automation of tasks varying from material handling to tool changing. The emphasis has also shifted toward the creation of interconnected systems and user-friendly software that facilitate users to include additional characteristics and specifications in the final product.
Properties and Applications
Machine tools are the stationary, power-driven equipment used for cutting or forming metals or any other hard materials. They usually shape the workpiece by eliminating the extra material and help in performing operations like drilling, abrading, grinding, and nibbling. The advanced and modern machine tools are numerically, or computer-controlled, which improves the product uniformity and decreases the human interaction required in the process. At present, an extensive range of the product are present in the market, extending from small workbench mounted instruments to large devices.
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The market is segmented on the basis of tool type into:
- Metal Cutting
- Metal Forming
- Accessories
At present, metal cutting tools are the leading segment within the market.
On the basis of technology type, the market is bifurcated into:
- Conventional
- CNC
Out of these, CNC exhibits the most preferred technology.
On the basis of end-use industry, the market is divided into:
- Automotive
- Aerospace and Defence
- Electrical and Electronics
- Consumer Goods
- Precision Engineering
- Others
Among these, the automotive sector holds the majority of the total market share.
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global machine tools market is driven by the extensive applications of the product within industries such as automotive, electronics, aerospace, and precision engineering. This can be ascribed to the fact that machine tools are used in the manufacturing of durable goods and other machines. The market is further aided by the rapid development in these industries. Further, the initiation of advanced processes such as ultrasonics, high-pressure water jets, lasers, and plasma streams in machine tool applications has helped in increasing the speed and precision of the machining process. In addition to this, consumers are shifting toward automated higher-end technologies with improved performance, accuracy, and stability. These factors are expected to influence the market growth positively.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global machine tools market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Allied Machine & Engineering Corp.
- General Technology Group Dalian Machine Tool Corporation
- DMG MORI
- Falcon Machine Tools Co., Ltd.
- AMADA Co., Ltd.
- Mazak Corporation
- TRUMPF
- Doosan Machine Tools, Co. Ltd.
- Okuma America Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Tool Type, Technology Type, End Use, Region |
| Breakup by Tool Type | Metal Cutting, Metal Forming, Accessories |
| Breakup by Technology Type | Conventional, CNC |
| Breakup by End Use | Automotive, Aerospace and Defence, Electrical and Electronics, Consumer Goods, Precision Engineering, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Allied Machine & Engineering Corp., General Technology Group Dalian Machine Tool Corporation, DMG MORI, Falcon Machine Tools Co., Ltd., AMADA Co., Ltd., Mazak Corporation, TRUMPF, Doosan Machine Tools, Co. Ltd., Okuma America Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Machine Tools Market Analysis
8.1 Key Industry Highlights
8.2 Global Machine Tools Historical Market (2017-2021)
8.3 Global Machine Tools Market Forecast (2022-2027)
8.4 Global Machine Tools Market by Tool Type
8.4.1 Metal Cutting
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Metal Forming
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Accessories
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Machine Tools Market by Technology Type
8.5.1 Conventional
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 CNC
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Machine Tools Market by End Use
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Aerospace and Defence
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Electrical and Electronics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Consumer Goods
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Precision Engineering
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Others
8.7 Global Machine Tools Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Allied Machine & Engineering Corp.
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 General Technology Group Dalian Machine Tool Corporation
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 DMG MORI
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Falcon Machine Tools Co., Ltd.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 AMADA Co., Ltd.
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Mazak Corporation
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 TRUMPF
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 Doosan Machine Tools, Co. Ltd.
12.3.8.1 Company Overview
12.3.8.2 Product Portfolio
12.3.8.3 Demographic Reach and Achievements
12.3.8.4 Certifications
12.3.9 Okuma America Corporation
12.3.9.1 Company Overview
12.3.9.2 Product Portfolio
12.3.9.3 Demographic Reach and Achievements
12.3.9.4 Certifications
12.3.10 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Machine Tools Market: Key Industry Highlights, 2016 and 2026
2. Global Machine Tools Historical Market: Breakup by Tool Type (USD Billion), 2017-2021
3. Global Machine Tools Market Forecast: Breakup by Tool Type (USD Billion), 2022-2027
4. Global Machine Tools Historical Market: Breakup by Technology Type (USD Billion), 2017-2021
5. Global Machine Tools Market Forecast: Breakup by Technology Type (USD Billion), 2022-2027
6. Global Machine Tools Historical Market: Breakup by End Use (USD Billion), 2017-2021
7. Global Machine Tools Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8. Global Machine Tools Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Machine Tools Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Machine Tools Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Machine Tools Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Machine Tools Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Machine Tools Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Machine Tools Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Machine Tools Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Machine Tools Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Machine Tools Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Machine Tools Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Machine Tools Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Machine Tools Market Structure
Key Questions Answered in the Report
In 2020, the global machine tools market attained a value of nearly USD 115 billion.
The market is projected to grow at a CAGR of 5.5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 157.5 billion by 2026.
The major drivers of the industry, such as the growing demand for high-precision and automated equipment, the rising demand from the developing regions, rapid urbanisation and industrialisation, increased product demand from the end-use sectors, and the growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the machine tools market include the development of interconnected systems and the growing shift towards automation.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.
Metal cutting tools represent the leading tool type in the industry.
CNC is the dominant technology of the product in the industry.
The end use segment in the industry is led by automotive sector.
The major players in the industry are Allied Machine & Engineering Corp., General Technology Group Dalian Machine Tool Corporation, DMG MORI, Falcon Machine Tools Co., Ltd., AMADA Co., Ltd., Mazak Corporation, TRUMPF, Doosan Machine Tools, Co. Ltd., and Okuma America Corporation, among others.
Analyst Review
The global machine tools market attained a value of USD 109 billion in 2020, driven by rapid technological advancements and growing demand for precision tools. Aided by the growing focus on automation of various industrial processes, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%. The machine tools market is projected to reach USD 150.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its tool types, the industry can be segmented into metal cutting, metal forming, and accessories, with metal cutting tools accounting for the largest market share. On the basis of technology type, the CNC segment accounts for the leading share in the industry. On the basis of end-use sector, the industry is led by the automotive segment. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Allied Machine & Engineering Corp., General Technology Group Dalian Machine Tool Corporation, DMG MORI, Falcon Machine Tools Co., Ltd., AMADA Co., Ltd., Mazak Corporation, TRUMPF, Doosan Machine Tools, Co. Ltd., and Okuma America Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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