Market revenue in 2022 | USD 3,881.6 million |
Market revenue in 2030 | USD 6,392.4 million |
Growth rate | 6.4% (CAGR from 2022 to 2030) |
Largest segment | Metal cutting |
Fastest growing segment | Metal Cutting |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Metal Cutting, Metal Forming |
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 |
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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 84.43% in 2023. Horizon Databook has segmented the Japan machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Consumption and investment were stifled by regulations regarding hygiene, which slowed economic activity. Workers and households with a lesser loyalty to their jobs were adversely impacted. A partial recovery was achieved, however, due to strong government backing and the reopening of the economy in 2021.
Growth is expected to pick up again due to improved macroeconomic policies and vaccine developments. The recovery of Japan's economy is predicted to be fueled by rising business investments and rising consumer spending, both of which are supported by shopping rebates. Japan's main industries include manufacturing, construction, automotive, and machinery.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Japan machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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