Saudi Arabia Cnc Machining Centers And Turning Centers Market Size & Outlook
The cnc machining centers and turning centers market in Saudi Arabia is expected to reach a projected revenue of US$ 62.1 million by 2030. A compound annual growth rate of 5.9% is expected of Saudi Arabia cnc machining centers and turning centers market from 2024 to 2030.
Revenue, 2024 (US$M)
$41.5
Forecast, 2030 (US$M)
$62.1
CAGR, 2025 - 2030
5.9%
Report Coverage
Saudi Arabia
Global Market
Related Markets
Saudi Arabia cnc machining centers and turning centers market highlights
- The Saudi Arabia cnc machining centers and turning centers market generated a revenue of USD 41.5 million in 2023 and is expected to reach USD 62.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, machining center was the largest revenue generating product in 2023.
- Machining Center is the most lucrative product segment registering the fastest growth during the forecast period.
Cnc machining centers and turning centers market data book summary
| Market revenue in 2023 | USD 41.5 million |
| Market revenue in 2030 | USD 62.1 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Machining center |
| Fastest growing segment | Machining Center |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Machining Center, Turning Machine |
| Key market players worldwide | AMADA Co Ltd, Novartis AG ADR, Dmg Mori Co Ltd, DN Solutions, Georg Fischer AG, JTEKT Corp, Komatsu Ltd, Makino Milling Machine Co Ltd, Okuma Corp, Hurco Companies Inc, General Technology Group Dalian Machine Tool Co., Amera-Seiki, Haas Automation, Datron AG |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global cnc machining centers and turning centers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cnc machining centers and turning centers market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 62.1 million by 2030.
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Publish Date: Sep 09, 2024
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CNC Machining Centers And Turning Centers Market
CNC Machining Centers And Turning Centers Market segmentation & scope
CNC Machining Centers And Turning Centers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Novartis AG ADR | View profile | 76,057 | Lichtstrasse 35, Basel, Switzerland, 4056 | www.novartis.com |
| Komatsu Ltd | View profile | 70,608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | www.komatsu.jp |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| AMADA Co Ltd | View profile | 8,958 | 200, Ishida, Kanagawa Prefecture, Isehara, Japan, 259-1196 | www.amada.co.jp |
| Georg Fischer AG | View profile | 19,824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | www.georgfischer.com |
| JTEKT Corp | View profile | 51,087 | No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, Japan, 450-8515 | www.jtekt.co.jp |
| Okuma Corp | View profile | 4,289 | 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, Japan, 480-0193 | www.okuma.co.jp |
| Hurco Companies Inc | View profile | 716 | One Technology Way, Indianapolis, IN, United States, 46268 | www.hurco.com |
| Datron AG | View profile | 251-500 | Milford, New Hampshire, United States, North America | www.datron.de/ |
| DN Solutions | View profile | - | - | www.dn-solutions.com |
Saudi Arabia CNC Machining Centers And Turning Centers Market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to CNC Machining Centers and Turning Centers Market Outlook will help companies and investors design strategic landscapes.
Machining Center was the largest segment with a revenue share of 60.96% in 2023.
Horizon Databook has segmented the Saudi Arabia cnc machining centers and turning centers market based on machining center, turning machine covering the revenue growth of each sub-segment from 2018 to 2030.
- Saudi Arabia Cnc Machining Centers And Turning Centers Market Product Outlook (Revenue, USD Million , 2018-2030)
- Machining Center
- Turning Machine
- Saudi Arabia Cnc Machining Centers And Turning Centers Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Automotive
- Aerospace
- Medical Devices
- Oil & Gas
- Metal Working
- Other End-use
- Saudi Arabia Cnc Machining Centers And Turning Centers Market Application Outlook (Revenue, USD Million , 2018-2030)
- High End
- General Applications
- Special Purpose
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia CNC Machining Centers And Turning Centers Market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia CNC Machining Centers And Turning Centers Market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Cnc Machining Centers And Turning Centers Market, 2018-2030 (US$M)
Saudi Arabia cnc machining centers and turning centers market statistics, by product, 2018-2030 (US$M)
