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The Machine Tools Market is Set to Reach Revenue of $171.37 Billion by 2029, More than $44 Billion Opportunities in the Next 6 Years - Arizton
Machine Tools Market Research Report by Arizton
Looking for More Information? Click: [https://www.arizton.com/market-reports/machine-tools-market-size]
Report Scope:
Market Size Consumption (2029): $171.37 Billion
Market Size Consumption (2023): $127.39 Billion
CAGR (2023-2029): 5.07%
Historic Year:2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Tool Type, Metal Cutting, Metal Forming, Technology, End-User, and Geography
Geographical Analysis: Europe, North America, APAC, Latin America, and Middle East & Africa
The global machine tools market has seen steady growth, driven by advancements in automation, precision, and AI integration. The demand for high-precision, mass production, and automation has surged, especially post-COVID-19, as companies seek to reduce workforce presence. Industries like automotive, healthcare, defense, and logistics are key drivers of this demand. The rise of Industry 4.0, IoT, and smart tools like collaborative robots (co-bots) are major innovations. Geographically, established markets like Europe and North America show strong replacement demand, while emerging markets in APAC, Latin America, and the Middle East are fueling growth through new installations. Sustainability pressures are also influencing market trends.
APAC: The Next Growth Frontier for the Global Machine Tools Market
The APAC machine tools market is set for remarkable growth, driven by the economic and infrastructural recovery post-COVID-19. Major players like China and India are leading the charge, with both nations ramping up development efforts since mid-2020. But it's not just the giants-emerging economies such as Taiwan, Malaysia, and Vietnam also present significant opportunities for manufacturers.
As a global economic hub, APAC accounts for a large share of global GDP, with countries like China, Japan, South Korea, and Australia driving the market. China, the world's largest manufacturing economy, is central to this growth, producing everything from electronics to heavy machinery.
Rapid urbanization and industrialization across the region are fueling demand for machine tools, particularly in countries like Indonesia, Vietnam, and Thailand. These nations are becoming key manufacturing hubs, attracting foreign investments, and driving demand for equipment like bending, forming, cutting, and milling machines-essential for the growing construction and automotive sectors. The future of machine tools in APAC looks increasingly promising.
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Vendors Activities
The global machine tools market is highly fragmented, with numerous regional and local players alongside several major industry leaders. Companies such as DN Solutions, AMADA Group, Makino, and JTEKT Corporation currently dominate the market in terms of market share.
To strengthen their market presence and expand geographically, these leading companies focus on key strategies such as product innovation, mergers and acquisitions (M&A), and strategic partnerships. Collaborations with original equipment manufacturers (OEMs) and other industry stakeholders are common, allowing companies to develop integrated solutions and improve their reach.
Vendors are also diversifying their product portfolios to serve a broader range of industries, offering ergonomic and customized solutions for specific applications and customer needs.
* On September 6, 2023, DMG MORI announced the acquisition of KURAKI, owned by Kurabo Industries. By integrating KURAKI's innovative development and production techniques, DMG MORI aims to enhance its product offerings and expand its customer base.
* On January 29, 2024, ModuleWorks, a leading software provider for the CAD/CAM industry, announced a partnership with DN Solutions, a prominent CNC machine tool manufacturer. The partnership will focus on the joint development of machine tool software and the creation of integrated solutions to facilitate the digital transformation of the manufacturing sector.
Key Vendors
* DN Solutions
* AMADA Group
* Makino
* JTEKT Corporation
* GF Machining Solutions
* DMG MORI
* Komatsu NTC
* Okuma Corporation
* HYUNDAI WIA
* Schuler Group
* CHIRON Group
* InCompass
* FALCON Machine Tools
* FFG
* SPINNER
* Haas Automation
* Gleason Corporation
* General Technology Group Dalian Machine Tool
* Yamazaki Mazak Corporation
* AceMicromatic
* Siemens
* TRUMPF
* Shenyang Machine Tool
* Electronica HiTech Machine Tools
* GROB-WERKE
Segmentation & Forecast
Tool Type
* Metal Cutting
* Metal Forming
* Metal Cutting
* Machining Center
* Lathe
* Grinding & Polishing
* Laser, EDMS, & Other Tools
* Others
* Metal Forming
* Bending & Forming
* Pressing
* Punching & Shearing
* Others
Technology
* CNC
* Non-CNC
End-User
* Automotive
* Industrial Machinery
* Metal Industry
* Electrical & Electronics
* Medical Industry
* Heavy Equipment
* Aerospace & Defense
* Marine & Offshoring
* Other End-Users
Geography
APAC
* China
* Japan
* India
* South Korea
Europe
* Germany
* France
* Italy
* The UK
* Spain
* Switzerland
North America
* The US
* Canada
Latin America
* Mexico
* Brazil
* Middle East & Africa
* Saudi Arabia
* South Africa
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the machine tools market. Request for Free Sample to get a glance of the report now: [https://www.arizton.com/market-reports/machine-tools-market-size]
What Key Findings Will Our Research Analysis Reveal?
How big is the global machine tools market based on consumption?
Which region dominates the global machine tools market share?
Who are the major players in the global machine tools market?
What are the factors driving the global machine tools market growth?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-machine-tools-market-is-set-to-reach-revenue-of-17137-billion-by-2029-more-than-44-billion-opportunities-in-the-next-6-years-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/machine-tools-market-size
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