Global Machine Tools Market Size & Outlook, 2025-2030
Global machine tools market, 2018-2030 (US$M)
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Global machine tools market highlights
- The global machine tools market generated a revenue of USD 97,927.5 million in 2024 and is expected to reach USD 137,426.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.8% by 2030.
- In terms of segment, metal cutting accounted for a revenue of USD 75,670.1 million in 2024.
- Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 97,927.5 million |
| Market revenue in 2030 | USD 137,426.8 million |
| Growth rate | 5.8% (CAGR from 2025 to 2030) |
| Largest segment | Metal cutting |
| Fastest growing segment | Metal Cutting |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal Cutting, Metal Forming |
Other key industry trends
- In terms of revenue, the North America accounted for 15.1% of the global machine tools market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 3,873.2 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Haas Automation | View profile | 1001-5000 | Oxnard, California, United States, North America | http://haascnc.com |
| Amera-Seiki | View profile | 1-10 | Texas, South Carolina, United States, North America | https://www.ameraseikicnc.com |
| General Technology Group Dalian Machine Tool Co. | View profile | 5001-10000 | Dalian, Zhejiang, China, Asia | http://www.dmtg.com/ |
| Makino Milling Machine Co Ltd | View profile | 4692 | 3-19 Nakane 2-chome, Meguro-ku, Tokyo, Japan, 152-8578 | http://www.makino.co.jp |
| DN Solutions | View profile | - | https://www.dn-solutions.com | |
| Datron AG | View profile | 251-500 | Milford, New Hampshire, United States, North America | https://www.datron.de/ |
| Hurco Companies Inc | View profile | 716 | One Technology Way, Indianapolis, IN, United States, 46268 | https://www.hurco.com |
| Okuma Corp | View profile | 4289 | 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, Japan, 480-0193 | http://www.okuma.co.jp |
| JTEKT Corp | View profile | 51087 | No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, Japan, 450-8515 | http://www.jtekt.co.jp |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
| Georg Fischer AG | View profile | 19824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | https://www.georgfischer.com |
| AMADA Co Ltd | View profile | 8958 | 200, Ishida, Kanagawa Prefecture, Isehara, Japan, 259-1196 | https://www.amada.co.jp |
| Dmg Mori Co Ltd | View profile | 13484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | https://www.dmgmori.co.jp |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
Global machine tools market outlook
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 machine tools market will help companies and investors design strategic landscapes.
Metal cutting was the largest segment with a revenue share of 77.27% in 2024. Horizon Databook has segmented the Global machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Machine Tools Type Outlook (Revenue, USD Million, 2018-2030)
- Metal Cutting
- Machining Centers
- Turning Machines
- Grinding Machines
- Milling Machines
- Eroding machines
- Others
- Metal Forming
- Bending Machines
- Presses
- Punching Machines
- Others
- Metal Cutting
- Global Machine Tools Technology Outlook (Revenue, USD Million, 2018-2030)
- Computer Numerical Control (CNC)
- Conventional
- Global Machine Tools End Use Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Mechanical Engineering
- Metal Working
- Aerospace
- Electrical industry
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global machine tools market , including forecasts for subscribers. This global databook contains high-level insights into Global machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global machine tools market size, by regions, 2018-2030 (US$M)
Top 10 countries: Machine tools market size, 2024 (US$M)
Global machine tools market share, by technology, 2024 & 2030 (%, US$M)
Machine tools market: Opportunity assessment by country
Global machine tools market, by region, 2024 (US$M)
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