South Africa Machine Tools Market Size & Outlook

The machine tools market in South Africa is expected to reach a projected revenue of US$ 281.0 million by 2030. A compound annual growth rate of 4.8% is expected of South Africa machine tools market from 2025 to 2030.
Revenue, 2024 (US$M)
$211.6
Forecast, 2030 (US$M)
$281.0
CAGR, 2025 - 2030
4.8%
Report Coverage
South Africa

South Africa machine tools market highlights

  • The South Africa machine tools market generated a revenue of USD 192.9 million in 2022 and is expected to reach USD 281.0 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 4.8% 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 192.9 million
Market revenue in 2030USD 281.0 million
Growth rate4.8% (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, South Africa accounted for 0.2% 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 Middle East & Africa, South Africa machine tools market is projected to lead the regional market in terms of revenue in 2030.
  • South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 281.0 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

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

South 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 87.2% in 2024. Horizon Databook has segmented the South Africa machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.


The economic repercussions of the Ukraine-Russia conflict have enhanced Saudi Arabia’s medium-term external & fiscal external prospects. Future updated COVID-19 versions, stricter global financial conditions, and shifting oil prices may hinder the country’s economic progress.

The private sector is a significant contributor to South Africa's economic growth. As a result of increased foreign direct investment, the South African automotive industry's expansion strategy has centered on becoming fully integrated into the global automotive ecosystem.

Through the South African Automotive Masterplan 2021-2035, the government intends to produce 1% of global vehicle production or 1.4 million vehicles annually in South Africa , considerably enhancing the country's position in the global vehicle production ranking.

Reasons to subscribe to South Africa machine tools market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of South Africa machine tools market databook

  • Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Africa machine tools market , including forecasts for subscribers. This country databook contains high-level insights into South Africa machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

South Africa machine tools market size, by technology, 2018-2030 (US$M)

South Africa Machine Tools Market Outlook Share, 2024 & 2030 (US$M)

South Africa machine tools market size, by technology, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more