Press release
Global Machine Tools Market Projected to Reach USD 189.65 Billion by 2034, Growing at a CAGR of 6.9%
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: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.
๐๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐๐ซ๐ ๐ฌ๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ง๐ฎ๐ฆ๐๐ซ๐จ๐ฎ๐ฌ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ'๐ฌ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง:
โข The growing production of automobiles globally is boosting the machine tools market revenue.
โข The market's growth is driven by rapid industrialization worldwide, which boosts manufacturing activities to produce high-quality components.
โข The growing demand for automation in industries, particularly manufacturing, is driving the market development.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/machine-tools-market/request-for-sample
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐๐๐ก๐ข๐ง๐ ๐๐จ๐จ๐ฅ๐ฌ?
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.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ:
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:
โข Komatsu Ltd
โข Makino Inc.
โข Okuma Corporation
โข Hurco Companies, Inc.
โข Dalian Machine Tool Group
โข Amera Seiki
โข Haas Automation, Inc.
โข Datron AG
โข Amada Machine Tools Co., Ltd.
โข CHIRON GROUP SE
โข DMG MORI. CO., LTD.
โข DN Solutions
โข Georg Fischer Ltd.
โข Mazak Corporation
โข HYUNDAI WIA CORP
โข JTEKT Corporation
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐๐๐ก๐ข๐ง๐ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐-๐๐๐๐)
โข 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
โข 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
โข 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
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/machine-tools-market/request-for-discount-pricing
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐๐๐๐ก๐ข๐ง๐ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐-๐๐๐๐)
โข Milling Machines
โข Drilling Machines
โข Turning Machines
โข Grinding Machines
๐๐๐๐ก๐ข๐ง๐ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐-๐๐๐๐)
โข CNC (Computerized Numerical Control) Machines
โข Conventional Machines
๐๐๐๐ก๐ข๐ง๐ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ญ๐ข๐๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐-๐๐๐๐)
โข Automotive
โข Aerospace
โข Electronics
โข Construction
โข Others
โข The machine tools market is segmented based on product, technology, and industrial vertical.
โข Based on product, the market is segmented into milling machines, drilling machines, turning machines, and grinding machines.
โข 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.
โข Based on industry vertical, the market for machine tools is segmented as automotive, electronics, aerospace, construction, and others.
โข 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.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/machine-tools-market
๐๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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:
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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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