South Korea Machine Tools Market Size & Outlook, 2026-2033
Global Market
Related Markets
South Korea machine tools market highlights
- The South Korea machine tools market generated a revenue of USD 4,171.8 million in 2025 and is expected to reach USD 6,641.2 million by 2033.
- The South Korea market is expected to grow at a CAGR of 6% from 2026 to 2033.
- In terms of segment, computer numerical control (cnc) was the largest revenue generating technology in 2025.
- Computer Numerical Control (CNC) is the most lucrative technology segment registering the fastest growth during the forecast period.
Machine tools market data book summary
| Market revenue in 2025 | USD 4,171.8 million |
| Market revenue in 2033 | USD 6,641.2 million |
| Growth rate | 6% (CAGR from 2026 to 2033) |
| Largest segment | Computer numerical control (cnc) |
| Fastest growing segment | Computer Numerical Control (CNC) |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computer Numerical Control (CNC), Conventional |
| 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, South Korea accounted for 3.6% of the global machine tools market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China machine tools market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,106.9 million by 2033.
According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure.
South Korea considers the aerospace industry as something that can bring not only added value to the society but also provide a competitive advantage for businesses. This is a major reason for the ability of private companies like Blue Origin and SpaceX to break into the Korean aerospace industry.
By 2031, South Korea hopes to have developed over 100 small satellites and 14 low-Earth orbit communications satellites. This will help the country prepare for future 6G network technologies, which will be critical for autonomous ship management systems.
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Publish Date: Jul 01, 2026
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Komatsu Ltd | View profile | 70,608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | www.komatsu.jp |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| AMADA Co Ltd | View profile | 8,958 | 200, Ishida, Kanagawa Prefecture, Isehara, Japan, 259-1196 | www.amada.co.jp |
| Georg Fischer AG | View profile | 19,824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | www.georgfischer.com |
| Hyundai Motor Co | View profile | 73,502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | www.hyundai.com |
| JTEKT Corp | View profile | 51,087 | No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, Japan, 450-8515 | www.jtekt.co.jp |
| Okuma Corp | View profile | 4,289 | 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, Japan, 480-0193 | www.okuma.co.jp |
| Hurco Companies Inc | View profile | 716 | One Technology Way, Indianapolis, IN, United States, 46268 | www.hurco.com |
| Datron AG | View profile | 251-500 | Milford, New Hampshire, United States, North America | www.datron.de/ |
| DN Solutions | View profile | - | - | www.dn-solutions.com |
South Korea 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 Outlook will help companies and investors design strategic landscapes.
Computer Numerical Control (Cnc) was the largest segment with a revenue share of 91.95% in 2025.
Horizon Databook has segmented the South Korea machine tools market based on computer numerical control (cnc), conventional covering the revenue growth of each sub-segment from 2021 to 2033.
According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure.
South Korea considers the aerospace industry as something that can bring not only added value to the society but also provide a competitive advantage for businesses. This is a major reason for the ability of private companies like Blue Origin and SpaceX to break into the Korean aerospace industry.
By 2031, South Korea hopes to have developed over 100 small satellites and 14 low-Earth orbit communications satellites. This will help the country prepare for future 6G network technologies, which will be critical for autonomous ship management systems.
- South Korea Machine Tools Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Computer Numerical Control (CNC)
- Conventional
- South Korea Machine Tools Market Type Outlook (Revenue, USD Million , 2021-2033)
- Metal Cutting
- Metal Forming
- South Korea Machine Tools Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Metal Working
- Aerospace
- Automotive
- Others
- Mechanical Engineering
- Electrical industry
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Machine Tools Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Machine Tools Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Machine Tools Market, 2021-2033 (US$M)
South Korea machine tools market statistics, by technology, 2021-2033 (US$M)
