Fairfield Market Research Machine Tools Market Size, Share, and Trends Report, 2030

Machine Tools Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Machine tools market, after reaching the global valuation of around US$75 Bn in the year 2020, will most likely pursue its stable growth through the next few years.

Demand for Smart Tools to Complement Global Machine Tools Market Growth

Several industries underwent significant transformations with continual advancements in technology. With the advent and increasing adoption of robots alongside human and machine interface, the machine tools market is expected to gain significant momentum in the coming years. Moreover, with the proliferation of cloud technology, real time connectivity has given an impetus to the trend of smart factory, and automation. This has further led to an increase in demand for smart machine tools as they become a crucial part of smart systems influencing productivity.

Smart machine tools include advanced sensors that facilitate optimisation of machine time along with scheduling maintenance. The data obtained from the tool can be analysed to discover gaps in efficiency, thus complementing productivity. Additionally, smart sensors can also enhance predictive analytics thus reducing the possibility of downtimes in turn addressing idle time issues. In addition, these tools do not consume excess power resulting in optimum power utilisation. These factors are expected to fuel demand for smart tools, consequently contributing towards growth of the machine tools market.

Ascending Demand for Advanced Tools from Automotive and Aerospace Industries Warrant Bright Prospects of Machine Tools Market

The demand for various types of machine tools from the automotive sector is expected to increase at a significant pace in the forthcoming years. This is mainly owing to increasing dependence on machine tools in the manufacturing of different parts on the back of their high precision and cost effectiveness. For instance, milling tool is used to manufacture various automotive parts such as wheels, engine locks, gearbox cases, and piston rods. In addition, demand for advanced machine tools is likely to remain high in vehicle assembling activities as well as in development of auto parts. This in addition to a stable rise in the automotive sector is expected to pave the way for the growth of machine tools market.

Furthermore, machine tools are widely used in aerospace industry. Aircraft manufacturers are focusing on enhancing efficiency of component production for aircrafts on a continuous basis. Also, they are putting efforts in improving flight safety along with reducing environmental damage. The industry being a hotbed in the manufacturing space, a strong demand for advanced machine tools is expected to be witnessed, particularly for tools with the 5-axis capability for machining of parts in the aerospace industry. Moreover, low price point of the 5-axis technology has fuelled its use in part machining that requires high precision. This factor remains instrumental in driving the need for machine tools in aircraft production, thus auguring well for the growth of machine tools market.

Upswing in CNC Technology to Influence Growth of Machine Tools Market

From the technology standpoint, the use of computerised numerical control (CNC) machine tools is expected to increase at a significant pace on the back of growing digital transformation. Rising need for precision in complex machine products, demand for high efficiency and low operating costs across industries continue to influence the adoption of CNC tools. In addition, by using CNC technology, human intervention is minimised, thus eliminating the possibility of human errors. High accuracy of CNC machines assures an improved and a consistent product quality, in turn enhancing speed of production. Furthermore, rise in the automation of processes in production facilities on the back of rising demand for short lead times and high precision is expected to drive the adoption of CNC technology. This factor coupled with growing manufacturing sector is poised to offer new avenues for CNC technology, in turn aiding the growth of the machine tools market on the global front.

Stronghold of Asia Pacific Prevails in Global Machine Tools Market

Developing countries in Asia Pacific are expected to showcase high growth potential with regards to adoption of machine tools. This can be attributed towards rising metal cutting industries in Asia Pacific. Moreover, the region is considered as the manufacturing hub and has attracted several companies to establish their manufacturing facilities across the region. This is mainly due to favourable business environment coupled with rising customer pool and cheap availability of land and labour. Emerging economies such as China, and India are likely to reflect high market lucrativeness. Rising automotive sector, construction activities and infrastructure development coupled with government initiatives are likely to emboss a positive impact on the Asia Pacific machine tools market.

Moreover, according to India Brand Equity Foundation (IBEF), machine tools sector in India is a critical aspect of the manufacturing space in the country. The momentous growth in the manufacturing sector in the country has triggered demand for sophisticated CNC technology across segments such as consumer goods, automobiles, auto components, and aerospace.  In addition, increasing thrust on the research and development activities and innovation to maintain a stable technological parity with multinational players is expected to further drive the machine tools market in India. Likewise, growth in precision engineering, transportation equipment industry and industrial machinery in China has fuelled the demand for machine tools. Overall, the machine tools market scenario in Asia Pacific remains optimistic and manufacturers can expect a volley of opportunities in the forthcoming years.

Machine Tools Market: Competition Landscape

Major players in the machine tools market are involved in acquisitions, mergers, and collaborations to strengthen and maintain their position. For instance, in 2021, Methods Machine Tools announced its plan of acquiring Koch Machine Tool. With this acquisition, Method’s continued growth would be ensured, in turn giving it a competitive advantage. Similarly, same year, Nidec Corporation planned for a stock acquisition of Mitsubishi Heavy Industries Machine Tool Co. Ltd. thus complementing its business. Post the acquisition, Nidec announced its plan to further expand the machine tools business with Mitsubishi by using their respective brand strengths, technological capabilities, and customer bases.

A few of the major players in machine tools market include Trumpf Group, Falcon Machine Tools Co. Ltd., Amada Co. Ltd., Shenyang Machine Tool Group, DMG Mori Seiki Co. Ltd., Mitsubishi Heavy Industries Machine Tool Co. Ltd., Schuler AG, and Yamazaki Mazak Corporation.

Regional Classification of the Global Machine Tools Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Machine Tools Market

  • Machine Tools Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Machine Tools Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                    2.2.1.1. Driver A
                    2.2.1.2. Driver B
                    2.2.1.3. Driver C
            2.2.2. Restraints
                    2.2.2.1. Restraint 1
                    2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-covid and Post-covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Regulatory Scenario
     2.7. Economic Analysis
     2.8. PESTLE

3. Global Machine Tools Market Outlook, 2019 - 2030
     3.1. Global Machine Tools Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
            3.1.1. Key Highlights
                    3.1.1.1. Metal Cutting
                           3.1.1.1.1. CNC
                           3.1.1.1.2. Conventional
                    3.1.1.2. Metal Forming
                           3.1.1.2.1. CNC
                           3.1.1.2.2. Conventional
     3.2. Global Machine Tools Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            3.2.1. Key Highlights
                    3.2.1.1. Automotive
                    3.2.1.2. Aerospace
                    3.2.1.3. Engineering
                    3.2.1.4. Additive Manufacturing
                    3.2.1.5. Electrical & Electronics
                    3.2.1.6. Misc. (Railways, etc.)
            3.2.2. BPS Analysis/Market Attractiveness Analysis
     3.3. Global Machine Tools Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
            3.3.1. Key Highlights
                    3.3.1.1. North America
                    3.3.1.2. Europe
                    3.3.1.3. Asia Pacific
                    3.3.1.4. Latin America
                    3.3.1.5. Middle East & Africa
            3.3.2. BPS Analysis/Market Attractiveness Analysis

4. North America Machine Tools Market Outlook, 2019 - 2030
     4.1. North America Machine Tools Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
            4.1.1. Key Highlights
                    4.1.1.1. Metal Cutting
                           4.1.1.1.1. CNC
                           4.1.1.1.2. Conventional
                    4.1.1.2. Metal Forming
                           4.1.1.2.1. CNC
                           4.1.1.2.2. Conventional
     4.2. North America Machine Tools Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            4.2.1. Key Highlights
                    4.2.1.1. Automotive
                    4.2.1.2. Aerospace
                    4.2.1.3. Engineering
                    4.2.1.4. Additive Manufacturing
                    4.2.1.5. Electrical & Electronics
                    4.2.1.6. Misc. (Railways, etc.)
     4.3. North America Machine Tools Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            4.3.1. Key Highlights
                    4.3.1.1. U.S.
                    4.3.1.2. Canada
            4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Machine Tools Market Outlook, 2019 - 2030
     5.1. Europe Machine Tools Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                    5.1.1.1. Metal Cutting
                           5.1.1.1.1. CNC
                           5.1.1.1.2. Conventional
                    5.1.1.2. Metal Forming
                           5.1.1.2.1. CNC
                           5.1.1.2.2. Conventional
     5.2. Europe Machine Tools Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                    5.2.1.1. Automotive
                    5.2.1.2. Aerospace
                    5.2.1.3. Engineering
                    5.2.1.4. Additive Manufacturing
                    5.2.1.5. Electrical & Electronics
                    5.2.1.6. Misc. (Railways, etc.)
     5.3. Europe Machine Tools Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                    5.3.1.1. Germany
                    5.3.1.2. France
                    5.3.1.3. U.K.
                    5.3.1.4. Italy
                    5.3.1.5. Spain
                    5.3.1.6. Russia
                    5.3.1.7. Rest of Europe
            5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Machine Tools Market Outlook, 2019 - 2030
     6.1. Asia Pacific Machine Tools Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                    6.1.1.1. Metal Cutting
                           6.1.1.1.1. CNC
                           6.1.1.1.2. Conventional
                    6.1.1.2. Metal Forming
                           6.1.1.2.1. CNC
                           6.1.1.2.2. Conventional
     6.2. Asia Pacific Machine Tools Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                    6.2.1.1. Automotive
                    6.2.1.2. Aerospace
                    6.2.1.3. Engineering
                    6.2.1.4. Additive Manufacturing
                    6.2.1.5. Electrical & Electronics
                    6.2.1.6. Misc. (Railways, etc.)
     6.3. Asia Pacific Machine Tools Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                    6.3.1.1. China
                    6.3.1.2. Japan
                    6.3.1.3. South Korea
                    6.3.1.4. India
                    6.3.1.5. Southeast Asia
                    6.3.1.6. Rest of Asia Pacific
            6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Machine Tools Market Outlook, 2019 - 2030
     7.1. Latin America Machine Tools Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                    7.1.1.1. Metal Cutting
                           7.1.1.1.1. CNC
                           7.1.1.1.2. Conventional
                    7.1.1.2. Metal Forming
                           7.1.1.2.1. CNC
                           7.1.1.2.2. Conventional
     7.2. Latin America Machine Tools Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                    7.2.1.1. Automotive
                    7.2.1.2. Aerospace
                    7.2.1.3. Engineering
                    7.2.1.4. Additive Manufacturing
                    7.2.1.5. Electrical & Electronics
                    7.2.1.6. Misc. (Railways, etc.)
     7.3. Latin America Machine Tools Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                    7.3.1.1. Brazil
                    7.3.1.2. Mexico
                    7.3.1.3. Rest of Latin America
            7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Machine Tools Market Outlook, 2019 - 2030
     8.1. Middle East & Africa Machine Tools Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                    8.1.1.1. Metal Cutting
                           8.1.1.1.1. CNC
                           8.1.1.1.2. Conventional
                    8.1.1.2. Metal Forming
                           8.1.1.2.1. CNC
                           8.1.1.2.2. Conventional
     8.2. Middle East & Africa Machine Tools Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                    8.2.1.1. Automotive
                    8.2.1.2. Aerospace
                    8.2.1.3. Engineering
                    8.2.1.4. Additive Manufacturing
                    8.2.1.5. Electrical & Electronics
                    8.2.1.6. Misc. (Railways, etc.)
     8.3. Middle East & Africa Machine Tools Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                    8.3.1.1. GCC
                    8.3.1.2. South Africa
                    8.3.1.3. Rest of Middle East & Africa
            8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2021
     9.2. Competitive Dashboard
     9.3. Company Profiles
            9.3.1. Yamazaki Mazak Corporation
                    9.3.1.1. Company Overview
                    9.3.1.2. Product Portfolio
                    9.3.1.3. Financial Overview
                    9.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            9.3.2. Amada Co. Ltd.
            9.3.3. DMG Mori Aktiengesellschaft
            9.3.4. Trumpf
            9.3.5. MAG
            9.3.6. Makino
            9.3.7. Okuma Corporation
            9.3.8. Shenyang Machine Tool Group Co Ltd
            9.3.9. Haas Automation Inc.
            9.3.10. Dalian Machine Tool Group Corporation
            9.3.11. EMAG
            9.3.12. GROB-WERKE GmbH & Co. KG

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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