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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 (2016-2026); 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. 

 

Machine Tools Market

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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.

 

Machine Tools Market by End Use

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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.

 

Machine Tools Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis. 

*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 (2016-2020) 
    8.3    Global Machine Tools Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Metal Forming 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Accessories 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    CNC  
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aerospace and Defence  
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Electrical and Electronics  
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Consumer Goods   
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Precision Engineering   
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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 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), 2016-2020
3.    Global Machine Tools Market Forecast: Breakup by Tool Type (USD Billion), 2021-2026
4.    Global Machine Tools Historical Market: Breakup by Technology Type (USD Billion), 2016-2020
5.    Global Machine Tools Market Forecast: Breakup by Technology Type (USD Billion), 2021-2026
6.    Global Machine Tools Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Machine Tools Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Machine Tools Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Machine Tools Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Machine Tools Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Machine Tools Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Machine Tools Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Machine Tools Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Machine Tools Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Machine Tools Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Machine Tools Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Machine Tools Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Machine Tools Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Machine Tools Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Machine Tools Market Structure

Key Questions Answered in the Report

What was the global machine tools market size in 2020?

In 2020, the global machine tools market attained a value of nearly USD 115 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 5.5% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 157.5 billion by 2026. 

What are the major industry drivers?

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.

What are the key industry trends of the global machine tools market?

The key market trends guiding the growth of the machine tools market include the development of interconnected systems and the growing shift towards automation.

What are the major regional markets of the product, according to the EMR report?

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.

What is the leading tool type of the product in the industry?

Metal cutting tools represent the leading tool type in the industry. 

What is the dominant technology of the product in the industry?

CNC is the dominant technology of the product in the industry.

What is the leading end use sector in the industry?

The end use segment in the industry is led by automotive sector.

Who are the key industry players according to the report?

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 2021-2026, 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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