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Global Machine Tools Market Projected to Reach USD 189.65 Billion by 2034, Growing at a CAGR of 6.9%

01-23-2025 11:06 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Machine Tools Market

Machine Tools Market

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
In 2024, the machine tools market was estimated to be worth USD 97.68 billion. With a CAGR of 6.9% from 2025 to 2034, the market is expected to increase from USD 104.20 billion in 2025 to USD 189.65 billion by 2034.

๐“๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐š๐ซ๐ž ๐ฌ๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ง๐ฎ๐ฆ๐ž๐ซ๐จ๐ฎ๐ฌ ๐Ÿ๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ'๐ฌ ๐ž๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง:

โ€ข The growing production of automobiles globally is boosting the machine tools market revenue.

โ€ข The market's growth is driven by rapid industrialization worldwide, which boosts manufacturing activities to produce high-quality components.

โ€ข The growing demand for automation in industries, particularly manufacturing, is driving the market development.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/machine-tools-market/request-for-sample

๐–๐ก๐š๐ญ ๐€๐ซ๐ž ๐Œ๐š๐œ๐ก๐ข๐ง๐ž ๐“๐จ๐จ๐ฅ๐ฌ?
A machine tool is a device used to handle or to machine metal or other hard materials, typically through deformations such as shearing, grinding, drilling, or cutting. Machine tools use a tool of some kind to cut or shape objects. Every machine tool has a way to guide the movement of the machine's components and confine the workpiece. These days, machine tools are usually powered by sources other than human strength, such as electricity or hydraulics. They are used to create manufactured parts or components in a variety of methods, such as cutting or deforming in specified ways. Machine tools' inherent accuracy made it possible to produce interchangeable parts affordably.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ:
The market for machine tools will continue to grow as a result of major industry participants making significant investments in R&D to broaden their product offerings. Additionally, these market players are engaging in a range of strategic initiatives to broaden their worldwide reach. Following are some of the major players in market:

โ€ข Komatsu Ltd
โ€ข Makino Inc.
โ€ข Okuma Corporation
โ€ข Hurco Companies, Inc.
โ€ข Dalian Machine Tool Group
โ€ข Amera Seiki
โ€ข Haas Automation, Inc.
โ€ข Datron AG
โ€ข Amada Machine Tools Co., Ltd.
โ€ข CHIRON GROUP SE
โ€ข DMG MORI. CO., LTD.
โ€ข DN Solutions
โ€ข Georg Fischer Ltd.
โ€ข Mazak Corporation
โ€ข HYUNDAI WIA CORP
โ€ข JTEKT Corporation

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐Œ๐š๐œ๐ก๐ข๐ง๐ž ๐“๐จ๐จ๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ’)
โ€ข North America
o Product Outlook
๏‚ง Milling Machines
๏‚ง Drilling Machines
๏‚ง Turning Machines
๏‚ง Grinding Machines

o Technology Outlook
๏‚ง CNC (Computerized Numerical Control) Machines
๏‚ง Conventional Machines

o Industry Vertical Outlook
๏‚ง Automotive
๏‚ง Aerospace
๏‚ง Electronics
๏‚ง Construction
๏‚ง Others

โ€ข Europe
o Product Outlook
๏‚ง Milling Machines
๏‚ง Drilling Machines
๏‚ง Turning Machines
๏‚ง Grinding Machines

o Technology Outlook
๏‚ง CNC (Computerized Numerical Control) Machines
๏‚ง Conventional Machines

o Industry Vertical Outlook
๏‚ง Automotive
๏‚ง Aerospace
๏‚ง Electronics
๏‚ง Construction
๏‚ง Others

โ€ข Asia Pacific
o Product Outlook
๏‚ง Milling Machines
๏‚ง Drilling Machines
๏‚ง Turning Machines
๏‚ง Grinding Machines

o Technology Outlook
๏‚ง CNC (Computerized Numerical Control) Machines
๏‚ง Conventional Machines

o Industry Vertical Outlook
๏‚ง Automotive
๏‚ง Aerospace
๏‚ง Electronics
๏‚ง Construction
๏‚ง Others

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž:
https://www.polarismarketresearch.com/industry-analysis/machine-tools-market/request-for-discount-pricing

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
๐Œ๐š๐œ๐ก๐ข๐ง๐ž ๐“๐จ๐จ๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ’)
โ€ข Milling Machines
โ€ข Drilling Machines
โ€ข Turning Machines
โ€ข Grinding Machines

๐Œ๐š๐œ๐ก๐ข๐ง๐ž ๐“๐จ๐จ๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ’)
โ€ข CNC (Computerized Numerical Control) Machines
โ€ข Conventional Machines

๐Œ๐š๐œ๐ก๐ข๐ง๐ž ๐“๐จ๐จ๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ’)
โ€ข Automotive
โ€ข Aerospace
โ€ข Electronics
โ€ข Construction
โ€ข Others

โ€ข The machine tools market is segmented based on product, technology, and industrial vertical.

โ€ข Based on product, the market is segmented into milling machines, drilling machines, turning machines, and grinding machines.

โ€ข The milling machines segment held the largest market share of the market in 2024 due to the growing need for multipurpose equipment that can handle intricate machining jobs.

โ€ข Based on industry vertical, the market for machine tools is segmented as automotive, electronics, aerospace, construction, and others.

โ€ข The automotive segment held the largest market share in 2024 because to its reliance on machine tools to manufacture high-precision components such as engine parts and transmission systems.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž:
https://www.polarismarketresearch.com/industry-analysis/machine-tools-market

๐Ÿ“Œ๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
Process Spectroscopy Market:
https://www.polarismarketresearch.com/industry-analysis/process-spectroscopy-market

Enterprise Content Management Market:
https://www.polarismarketresearch.com/industry-analysis/enterprise-content-management-market

Confidential Computing Market:
https://www.polarismarketresearch.com/industry-analysis/confidential-computing-market

Vision Transformer Market:
https://www.polarismarketresearch.com/industry-analysis/vision-transformers-market

Insurance Brokerage Market:
https://www.polarismarketresearch.com/industry-analysis/insurance-brokerage-market

Contact:
Likhil G
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Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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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 connectedโ€ฆ
Drilling Machine Market by Type (Sensitive Drilling Machine, Upright Drilling Ma โ€ฆ
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 isโ€ฆ
Drilling Machine Market Report 2018: Segmentation by Type (Portable Drilling Mac โ€ฆ
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 theโ€ฆ
Washing Machine Market Report 2018: Segmentation by Washing Machine Type (Drum-t โ€ฆ
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 2018โ€ฆ
Coffee Machine Market By Drip Coffee Machine, Stovetop Coffee Machine, Espresso โ€ฆ
Coffee machines or coffee makers are appliances used to brew coffee. Coffee machines work on various brewing principles but the most common device uses coffee grounds which are placed in a metal filter inside the funnel which is set over a glass or a coffee pot. Thus coffee machines save a lot of time and it directly affect the coffeeโ€™s taste. Ease of use and consistent brewing results are driving consumersโ€ฆ