Japan Machine Tools Market Size & Outlook, 2023-2030

The machine tools market in Japan is expected to reach a projected revenue of US$ 6,392.4 million by 2030. A compound annual growth rate of 6.5% is expected of Japan machine tools market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,125.8
Forecast, 2030 (US$M)
$6,392.4
CAGR, 2024 - 2030
6.5%
Report Coverage
Japan

Japan machine tools market highlights

  • The Japan machine tools market generated a revenue of USD 3,881.6 million in 2022 and is expected to reach USD 6,392.4 million by 2030.
  • The Japan market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
  • In terms of segment, metal cutting was the largest revenue generating type in 2022.
  • Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.


Machine tools market data book summary

Market revenue in 2022USD 3,881.6 million
Market revenue in 2030USD 6,392.4 million
Growth rate6.4% (CAGR from 2022 to 2030)
Largest segmentMetal cutting
Fastest growing segmentMetal Cutting
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMetal Cutting, Metal Forming
Key market players worldwideAMADA 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, Japan accounted for 4.4% of the global machine tools market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China machine tools market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,873.2 million by 2030.

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Machine Tools Market Scope

Machine tools market segmentation & scope
Machining Centers
Turning Machines
Grinding Machines
Milling Machines
Eroding machines
Others
Bending Machines
Presses
Punching Machines
Others
Computer Numerical Control (CNC)
Conventional
Automotive
Mechanical Engineering
Metal Working
Aerospace
Electrical industry
Others

Machine Tools Market Companies

Name Profile # Employees HQ Website

Japan 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 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.

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  • Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
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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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Japan machine tools market size, by type, 2018-2030 (US$M)

Japan Machine Tools Market Outlook Share, 2023 & 2030 (US$M)

Japan machine tools market size, by type, 2018-2030 (US$M)

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