Press release
Machine Tools Market Overview Report, Share, Size, Trends (2019-2024)
As per the latest report by IMARC Group, titled "Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the global machine tools market size reached US$ 106 Billion in 2018. Machine tools are stationary, power-driven equipment utilized for cutting or forming metals and other hard materials. They generally shape the workpiece by removing the extra material and aid in performing operations such as drilling, grinding, abrading and nibbling. Modern machine tools are numerically, or computer controlled, which enhances the product uniformity and reduces the human interaction required in the process. At present, an array of machine tools are available in the market, ranging from small workbench mounted instruments to large devices.Request for a free sample copy of this report: https://www.imarcgroup.com/machine-tools-market/requestsample
Global Machine Tools Market Trends:
Machine tools shape and process metals into components, which are further used in the manufacturing of durable goods as well as other machines. As a result, they find vast applications in industries including aerospace, automotive, electronics and precision engineering. Rapid development in these industries is one of the major factors that are strengthening the growth of the machine tools market. Moreover, the introduction of advanced processes such as lasers, ultrasonics, high-pressure water jets and plasma streams in machine tool applications has helped in improving the speed and precision of the machining process. Apart from this, consumers are shifting toward automated higher-end technologies with better performance, stability and accuracy. In line with this, manufacturers have introduced products with linear drives, which are considerably faster and more accurate than their non-linear counterparts. They have also developed 5-axis technology that enables the convenient production of complex parts. Another major trend in the market is the increasing automation of tasks ranging from material handling to tool changing. The focus has also shifted toward the development of interconnected systems and user-friendly software that enable users to include specifications and additional characteristics in the final product. Looking forward, the market value is projected to reach US$ 150 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024.
Explore full report with table of contents: https://www.imarcgroup.com/machine-tools-market
Insights on Market Segmentation:
Market Breakup by Tool Type:
1. Metal Cutting
2. Metal Forming
3. Accessories
Based on the tool type, the market has been segregated into metal cutting, metal forming and accessories. At present, metal cutting tools dominate the market.
Market Breakup by Technology Type:
1. Conventional
2. CNC
3. Others
On the basis of the technology type, the market has been segmented into conventional, computer numerical control (CNC) and others. Currently, CNC represents the most preferred technology.
Market Breakup by End Use Industry :
1. Automotive
2. Aerospace and Defense
3. Electrical and Electronics
4. Consumer Goods
5. Precision Engineering
6. Others
The market has been analyzed on the basis of the end use industry into automotive, aerospace and defense, electrical and electronics, consumer goods, precision engineering, and others. Amongst these, the automotive sector accounts for the majority of the total market share.
Market Breakup by Region:
1. Asia Pacific
2. Europe
3. North America
4. Middle East and Africa
5. Latin America
Region-wise, Asia Pacific represents the largest market for machine tools around the world. Other major markets include Europe, North America, Latin America, and Middle East and Africa.
Competitive Landscape:
The competitive landscape of the market has been examined in the report. Some of the key players operating in the industry include Allied Machine & Engineering Corporation, AMADA Holdings Co. Ltd., Dalian Machine Tool Group Corporation, DMG Mori Co. Ltd., FALCON Machine Tools Co. Ltd., 600 Group PLC, Yamazaki Mazak Corporation, TRUMPF GmbH + Co. KG, JTEKT Corporation, Doosan Machine Tools Co., Ltd., Okuma Corporation, Hyundai Wia Corporation, Makino Inc. and Schuler AG.
Browse More Research Report By IMARC Group Heavy Industry:
(a). North America Electric Motor Market Report: https://www.imarcgroup.com/North-america-electric-motor-market
(b). Global Butterfly Valve Market Report: https://www.imarcgroup.com/butterfly-valve-market
(c). Global Positive Displacement Pumps Market Report: https://www.imarcgroup.com/positive-displacement-pumps-market
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Machine Tools Market Overview Report, Share, Size, Trends (2019-2024) here
News-ID: 1937074 • Views: …
More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The India seafood…

India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025:
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 2.50 Billion
Market Size in 2033: USD 5.90 Billion
Market Growth Rate (CAGR) 2025-2033: 10.03%
How Big is the India Mutual Funds Industry?
The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033.
Request…

Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview:
The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC…

Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay.
IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
More Releases for Machine
Concrete Block Machine market: Lucrative Segments and their Underlying Factors | …
"
The Concrete Block Machine global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key…
Agriculture Machine to Machine (M2M) Agriculture Machine to Machine (M2M)
Global Agriculture Machine to Machine (M2M) market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. Significant market players of market their aggressive scene, improvement plans and arrangements are clarified in the research report. Further, the market status and SWOT analysis are conducted on a regional and country level to prepare development plans and analyse the market…
Machine To Machine (M2M) Connections Market
Machine to Machine (M2M) Connections Market Research study which offers insights of in-depth research on historic and current market size along with the expected future prospects of the market and emerging trends in the market. The Machine to Machine (M2M) Connections Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the Machine to Machine (M2M) Connections Market.
Mobile, other connected…
Drilling Machine Market by Type (Sensitive Drilling Machine, Upright Drilling Ma …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in drilling machine. Moreover, various domestic players are investing in the automotive and military & defense sectors, which is anticipated to boost the demand for drilling machines and its components to complete the respective operations with reduced labor cost and high precision of work within optimized time. Furthermore, the drilling machine market is…
Drilling Machine Market Report 2018: Segmentation by Type (Portable Drilling Mac …
Global Drilling Machine market research report provides company profile for Halliburton, Atlas Copco, Torquado Drilling Accessories, DATRON, DMTG, DMG MORI, SMTCL, NewTech Drilling Products, Baker Huges, Cheston, National Oilwell Varco and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
Washing Machine Market Report 2018: Segmentation by Washing Machine Type (Drum-t …
Global Washing Machine market research report provides company profile for Frigidaire (US), Arbreau (US), Kenmore (US), ECOAP (China), Turbo Series (Korea), Avanti (Denmark), Fisher & Paykel (New Zealand), Globe House Products (US), GE (US), LG (Korea), Electrolux (Sweden), Samsung (Korea), Speed Queen(US), Bosch (Germany) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018…