Latin America Machine Tools Market Size & Outlook
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Latin America machine tools market highlights
- The Latin America machine tools market generated a revenue of USD 1,366.1 million in 2024.
- The market is expected to grow at a CAGR of 5.5% from 2025 to 2030.
- In terms of segment, metal cutting was the largest revenue generating type in 2024.
- Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,366.1 million |
| Market revenue in 2030 | USD 1,884.4 million |
| Growth rate | 5.5% (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 |
| 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, Latin America region accounted for 1.4% of the global machine tools market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 80,791.7 million by 2030.
Key Regions: Brazil , U.S. , Japan , Argentina , Canada
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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 |
Latin America 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 86.14% in 2024. Horizon Databook has segmented the Latin America machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America has been witnessing an inflow of new companies, particularly from North America in the region. Most of the manufacturing and construction companies based in North America are strategically orienting their investments in this region, specifically in Costa Rica and Brazil.
Owing to the presence of excellent engineering, manufacturing, and servicing facilities in Central & South America. Significant manufacturing clusters and special economic zones (SEZs) are being developed in the region for its robust economic growth.
The focus of governments of different countries in Central & South America is on the development of sustainable infrastructures related to railways, urban mass transits, energy and oil & gas production, renewable energy generation, etc. to meet the demands for machine tools of the growing population.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America machine tools market size, by country, 2018-2030 (US$M)
Latin America Machine Tools Market Outlook Share, 2024 & 2030 (US$M)
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