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Machine Tool Trends and Forecast
The future of the global machine tool market looks promising with opportunities in the automotive and transportation, sheet metals, capital goods, and energy markets. The global machine tool market is expected to reach an estimated $110.8 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing emphasis on growing output and decreasing idle time, growth of automation in manufacturing industry, and rising demand for automotive components from emerging economies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Machine Tool by Segment
The study includes a forecast for the global machine tool by product type, automation type, sales channel, end use, and region.
Machine Tool Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Milling Machines
• Drilling Machines
• Turning Machines
• Grinding Machines
• Electrical Discharge Machines
Machine Tool Market by Automation Type [Shipment Analysis by Value from 2018 to 2030]:
• Cnc Machine Tools
• Conventional Machine Tools
Machine Tool Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• Events & Exhibitions
• Dealers & Distributors
Machine Tool Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive & Transportation
• Sheet Metals
• Capital Goods
• Energy
• Others
Machine Tool Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Machine Tool Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies machine tool companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the machine tool companies profiled in this report include-
• Doosan Machine Tools
• AMADA
• JTKET
• Georg Fischer
• Komatsu NTC
• OKUMA
• Hyundai WIA
• Schuler
• Chiron
• MAG IAS
Machine Tool Market Insights
Lucintel forecasts that milling machines will remain the largest segment over the forecast period because of its versatile features and can perform several functions, such as filleting, turning, chamfering, drilling, gear cutting.
APAC is expected to witness highest growth over the forecast period due to increasing government investment, expanding urbanization, and rising consumer expenditure in the region.
Features of the Global Machine Tool Market
Market Size Estimates: Machine tool market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Machine tool market size by various segments, such as by product type, automation type, sales channel, end use, and region in terms of value ($B).
Regional Analysis: Machine tool market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, automation type, sales channel, end use, and regions for the machine tool market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the machine tool market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the machine tool market size?
Answer: The global machine tool market is expected to reach an estimated $110.8 billion by 2030.
Q2. What is the growth forecast for machine tool market?
Answer: The global machine tool market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the machine tool market?
Answer: The major drivers for this market are increasing emphasis on growing output and decreasing idle time, growth of automation in manufacturing industry, and rising demand for automotive components from emerging economies.
Q4. What are the major segments for machine tool market?
Answer: The future of the global machine tool market looks promising with opportunities in the automotive and transportation, sheet metals, capital goods, and energy markets.
Q5. Who are the key machine tool market companies?
Answer: Some of the key machine tool companies are as follows:
• Doosan Machine Tools
• AMADA
• JTKET
• Georg Fischer
• Komatsu NTC
• OKUMA
• Hyundai WIA
• Schuler
• Chiron
• MAG IAS
Q6. Which machine tool market segment will be the largest in future?
Answer: Lucintel forecasts that milling machines will remain the largest segment over the forecast period because of its versatile features and can perform several functions, such as filleting, turning, chamfering, drilling, gear cutting.
Q7. In machine tool market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing government investment, expanding urbanization, and rising consumer expenditure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the machine tool market by product type (milling machines, drilling machines, turning machines, grinding machines, and electrical discharge machines), automation type (CNC machine tools and conventional machine tools), sales channel (events & exhibitions and dealers & distributors), end use (automotive & transportation, sheet metals, capital goods, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Machine Tool Market, Machine Tool Market Size, Machine Tool Market Growth, Machine Tool Market Analysis, Machine Tool Market Report, Machine Tool Market Share, Machine Tool Market Trends, Machine Tool Market Forecast, Machine Tool Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Machine Tool Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Machine Tool Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Machine Tool Market by Product Type
3.3.1: Milling Machines
3.3.2: Drilling Machines
3.3.3: Turning Machines
3.3.4: Grinding Machines
3.3.5: Electrical Discharge Machines
3.4: Global Machine Tool Market by Automation Type
3.4.1: CNC Machine Tools
3.4.2: Conventional Machine Tools
3.5: Global Machine Tool Market by Sales Channel
3.5.1: Events & Exhibitions
3.5.2: Dealers & Distributors
3.6: Global Machine Tool Market by End Use
3.6.1: Automotive & Transportation
3.6.2: Sheet Metals
3.6.3: Capital Goods
3.6.4: Energy
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Machine Tool Market by Region
4.2: North American Machine Tool Market
4.2.2: North American Machine Tool Market by End Use: Automotive & Transportation, Sheet Metals, Capital Goods, Energy, and Others
4.3: European Machine Tool Market
4.3.1: European Machine Tool Market by Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, and Electrical Discharge Machines
4.3.2: European Machine Tool Market by End Use: Automotive & Transportation, Sheet Metals, Capital Goods, Energy, and Others
4.4: APAC Machine Tool Market
4.4.1: APAC Machine Tool Market by Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, and Electrical Discharge Machines
4.4.2: APAC Machine Tool Market by End Use: Automotive & Transportation, Sheet Metals, Capital Goods, Energy, and Others
4.5: ROW Machine Tool Market
4.5.1: ROW Machine Tool Market by Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, and Electrical Discharge Machines
4.5.2: ROW Machine Tool Market by End Use: Automotive & Transportation, Sheet Metals, Capital Goods, Energy, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Machine Tool Market by Product Type
6.1.2: Growth Opportunities for the Global Machine Tool Market by Automation Type
6.1.3: Growth Opportunities for the Global Machine Tool Market by Sales Channel
6.1.4: Growth Opportunities for the Global Machine Tool Market by End Use
6.1.5: Growth Opportunities for the Global Machine Tool Market by Region
6.2: Emerging Trends in the Global Machine Tool Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Machine Tool Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Machine Tool Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Doosan Machine Tools
7.2: AMADA
7.3: JTKET
7.4: Georg Fischer
7.5: Komatsu NTC
7.6: OKUMA
7.7: Hyundai WIA
7.8: Schuler
7.9: Chiron
7.10: MAG IAS
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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