Middle East & Africa Machine Tools Market Size & Outlook
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MEA machine tools market highlights
- The MEA machine tools market generated a revenue of USD 820.3 million in 2024.
- The market is expected to grow at a CAGR of 4.3% 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, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 820.3 million |
| Market revenue in 2030 | USD 1,058.6 million |
| Growth rate | 4.3% (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, MEA region accounted for 0.8% 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: U.S. , Japan , Brazil , South Africa , Saudi Arabia
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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 |
Middle East & Africa 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 85.8% in 2024. Horizon Databook has segmented the Middle East & Africa machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as improvement in oil prices, and financial stimulus packages offered by governments of various countries in the region for economic recovery are contributing to the GDP growth of the Middle East. Favorable policies are anticipated to have a key role in attracting foreign direct investments to the construction sector of the region.
Major oil-producing economies such as the UAE and Saudi Arabia are shifting their focus toward the manufacturing of electrical & electronic goods, packaging products, and automobiles and their components.
Under Vision 2030, Saudi Arabia plans to invest approximately USD 2 trillion in clean energy plants and infrastructural development projects to create a favorable environment for the growth of electric vehicles market in the country, along with the establishment of electric vehicle charging infrastructures.
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Target buyers of Middle East & Africa machine tools market databook
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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 continent-level data and insights on the Middle East & Africa machine tools market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA machine tools market size, by country, 2018-2030 (US$M)
Middle East & Africa Machine Tools Market Outlook Share, 2024 & 2030 (US$M)
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