Canada Machine Tools Market Size & Outlook, 2026-2033
Global Market
Related Markets
Canada machine tools market highlights
- The Canada machine tools market generated a revenue of USD 1,667.9 million in 2025 and is expected to reach USD 2,309.1 million by 2033.
- The Canada market is expected to grow at a CAGR of 4.16% from 2026 to 2033.
- In terms of segment, computer numerical control (cnc) was the largest revenue generating technology in 2025.
- Computer Numerical Control (CNC) is the most lucrative technology segment registering the fastest growth during the forecast period.
Machine tools market data book summary
| Market revenue in 2025 | USD 1,667.9 million |
| Market revenue in 2033 | USD 2,309.1 million |
| Growth rate | 4.16% (CAGR from 2026 to 2033) |
| Largest segment | Computer numerical control (cnc) |
| Fastest growing segment | Computer Numerical Control (CNC) |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computer Numerical Control (CNC), Conventional |
| Key market players worldwide | AMADA Co Ltd, Dmg Mori Co Ltd, Georg Fischer AG, Hyundai Motor Co, Komatsu Ltd, JTEKT Corp, Okuma Corp, Hurco Companies Inc, Datron AG, DN Solutions, Makino Milling Machine Co Ltd, General Technology Group Dalian Machine Tool Co., Amera-Seiki, Haas Automation |
Other key industry trends
- In terms of revenue, Canada accounted for 1.4% of the global machine tools market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. machine tools market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 4,158.2 million by 2033.
The electric vehicles market is projected to grow substantially in Canada over the forecast period owing to favorable government initiatives and tax rebates for zero-emission vehicles. In 2021, 303,073 hybrid electric vehicles, 152,685 battery electric vehicles, and 95,896 plug-in electric vehicles were registered.
But 94.9% of all registered light-duty vehicles remained motor gasoline. Advancements in EV technologies, coupled with favorable government initiatives, are anticipated to fuel the growth of electric vehicles market in Canada.
Increasing demand for automated machining with high-quality surface finish of components is anticipated to fuel machine tools market over the forecast period. For instance, in January 2022, Lens Digital partnered with Can Cam CNC Machines to bring exceptional laser products.
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Publish Date: Jul 01, 2026
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 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 |
| Hyundai Motor Co | View profile | 73,502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | www.hyundai.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 |
Canada 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 Outlook will help companies and investors design strategic landscapes.
Computer Numerical Control (Cnc) was the largest segment with a revenue share of 92.15% in 2025.
Horizon Databook has segmented the Canada machine tools market based on computer numerical control (cnc), conventional covering the revenue growth of each sub-segment from 2021 to 2033.
The electric vehicles market is projected to grow substantially in Canada over the forecast period owing to favorable government initiatives and tax rebates for zero-emission vehicles. In 2021, 303,073 hybrid electric vehicles, 152,685 battery electric vehicles, and 95,896 plug-in electric vehicles were registered.
But 94.9% of all registered light-duty vehicles remained motor gasoline. Advancements in EV technologies, coupled with favorable government initiatives, are anticipated to fuel the growth of electric vehicles market in Canada.
Increasing demand for automated machining with high-quality surface finish of components is anticipated to fuel machine tools market over the forecast period. For instance, in January 2022, Lens Digital partnered with Can Cam CNC Machines to bring exceptional laser products.
- Canada Machine Tools Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Computer Numerical Control (CNC)
- Conventional
- Canada Machine Tools Market Type Outlook (Revenue, USD Million , 2021-2033)
- Metal Cutting
- Metal Forming
- Canada Machine Tools Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Metal Working
- Aerospace
- Automotive
- Others
- Mechanical Engineering
- Electrical industry
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Machine Tools Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Machine Tools Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Machine Tools Market, 2021-2033 (US$M)
Canada machine tools market statistics, by technology, 2021-2033 (US$M)
