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Pulished Date April, 2021
ID: 8760
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Global Machine Tools Market segmentation By Tool Type (Metal Cutting, Metal Forming, Accessories), By Technology Type (Conventional, Computerized Numerical Control), By End-use Industry (Automotive, Aerospace and Defense, Electrical And Electronics, Consumer Goods, Precision Engineering and others) - industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 8760
Pages: 175

Global Machine Tools Market Size, Trends & Growth (2021 - 2026)

The global machine tools market is relied upon to show positive development somewhere in the range of 2021 and 2021. The experts figure the market is going to develop at a CAGR of 7.1% during the calculated period from 2021-2026.

There is a wide assortment of machine devices accessible in the market extending from little workbench mounted instruments to enormous gadgets which are utilized in present-day businesses. They play out a scope of activities, for example, cutting, shaping, boring, granulating, scraping, and nibbling, which help to improve item consistency and lessen the human connection required in various strides of the procedure.

Modern divisions that use automation for an enormous scope, for example, aerospace, vehicle, defense, clinical gadgets, electrical and hardware, sustainable apparatus, and mechanical hardware will all assume a key job in the development of this market.

Recent Developments:

  • Allied Machine and Engineering, a worldwide producer of hole-making and finishing cutting apparatuses, releases their free portable application, Solution Hub, accessible now for download on both the Apple Store and Google Play.
  • AMADA HOLDINGS CO., LTD. reported that it has chosen to build a human-accommodating cutting edge producing model using IoT at its primary manufacturing plants in Japan through shared creation with Hitachi, Ltd. 
  • The Yamazaki Mazak Corporation is praising the expansive effect machine apparatuses have on a regular day to day life with the opening of the Yamazaki Mazak Museum of Machine Tools in Minokamo, Japan.

Drivers and Restraints of Global Machine Tools Market:


CNC machines can play out different tasks in short process duration and are instrumental in expanding proficiency and decreasing the expense of producing. These machines are favored by present-day makers as the manufacturing business is seeing the patterns of savvy machining, connected production lines, and additive fabricating. The utilization of CNC machines is increasingly productive in hi-tech ventures, for example, car and aerospace and makers are executing CNC-based machines processing machines, pounding machines, and laser machines in metalworking facilities. The developing implementation of CNC machines will impact the development of the global machine tools market during the conjecture time frame.


The difficulties looked by the machine tools market in developed areas like Europe is probably going to hamper the development of this market.

Global Machine Tools Market Segmentation:

By Tool Type:

  •  Metal Cutting
  • Metal Forming
  • Accessories

In 2016, the metal cutting fragment remained at the highest point of the market because of the expanded use of tools that are utilized to cut steel. Owing to the rising usage of these devices, there was a sharp increment in their turn of events. This additionally offered to ascend to more innovative work of metal cutting devices that offered more prominent dimensional exactness. Additionally, the improvement in innovative advances is powering the manufacture of little metal cutting machine devices. These devices are generally being utilized in the manufacture of hardware and electrical equipment, manufactured metal items and apparatus, just as the assembling of transport hardware.

By Technology Type:

  • Conventional
  • CNC (Computerized Numerical Control)

CNC machines fragment holds the significant piece of the overall industry of the machine tool market and is relied upon to become further later on because of the expanding request from the manufacturing organizations for profitability upgrades and item advancement. Development in the manufacturing division has prompted a fast increment popular explicitly for the undeniably advanced CNC machines. Automation of machine apparatuses prompts upgraded profitability, efficiency, and disposal of human mistakes. The new age CAD/CAM CNC machines are minimized in size and are furnished with programmed tool changers alongside multi-axis machining innovation and can complete the whole machining process utilizing a solitary machine.

By End-Use Industry:

  • Automotive
  • Aerospace and Defense
  • Electrical and Electronics
  • Consumer Goods
  • Precision Engineering
  • Others

The rising reception of different machine apparatuses for the manufacture of vehicles and car segments will drive the interest for machine tools from the vehicle business. The utilization of high-exactness machine apparatuses is expanding among vehicle OEMs and component producers as a result of the rising multifaceted nature in current cars.

Market development in this portion will be quicker than the development of the market in mechanical apparatus, exactness engineering, and transportation sections.

Global Machine Tools Market Region-wise analysis:

Based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Europe and the Middle East and Africa at present record the most noteworthy piece of the overall industry. Jointly, these areas are relied upon to encounter a compound yearly development pace of 7% over the calculated period. Development in these areas is to a great extent is because of the development of the vehicle and modern enterprises. APAC was the biggest machine tools market in 2019, and the area will keep on offering the most extreme development chances to merchants during the conjecture time frame. The solid presence of assembling facilities will altogether impact the development of machine tools market size in the locale. Practically 59% of the market's development will start from APAC during the anticipated time. China and India are the key markets for machine tools in APAC

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Machine Tools Market, By Tools Type                  

                    6.1.1 Metal Cutting 

                    6.1.2 Metal Forming         

                    6.1.3 Accessories    

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Machine Tools Market, By Technology Type         

                    6.2.1 Conventional  

                    6.2.2 Computerized Numerical Control  

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Machine Tools Market, By End-Use Industry                   

                    6.3.1 Automotive    

                    6.3.2 Aerospace and Defense      

                    6.3.3 Electrical And Electronics    

                    6.3.4 Consumer Goods     

                    6.3.5 Precision Engineering         

                    6.3.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.7 Y-o-Y Growth Rate Analysis         

                    6.3.8 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     



                    7.2.2 By Tools Type

                    7.2.3 By Technology Type 

                    7.2.4 By End-Use Industry 

          7.3 Europe             

                    7.3.1 By Country     






                     Rest of Europe

                    7.3.2 By Tools Type

                    7.3.3 By Technology Type 

                    7.3.4 By End-Use Industry 

          7.4 Asia Pacific                 

                    7.4.1 By Country     




                     South Korea

                     South East Asia

                     Australia & NZ

                     Rest of Asia-Pacific

                    7.4.2 By Tools Type

                    7.4.3 By Technology Type 

                    7.4.4 By End-Use Industry 

          7.5 Latin America             

                    7.5.1 By Country     




                     Rest of Latin America

                    7.5.2 By Tools Type

                    7.5.3 By Technology Type 

                    7.5.4 By End-Use Industry 

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                     Middle East


                    7.6.2 By Tools Type

                    7.6.3 By Technology Type 

                    7.6.4 By End-Use Industry 

8. Key Player Analysis                           

          8.1 Allied Machine & Engineering           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 AMADA Holdings                  

          8.3 Dalian Machine Tool Group             

          8.4 DMG MORI                 

          8.5 Falcon Machine Tools            

          8.6 600 Group                  

          8.7 Yamazaki Mazak                   

          8.8 Trumpf             

          8.9 Komatsu          

          8.10 JTEKT             

9. Market Outlook & Investment Opportunities                     


          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Composite type, by Industry along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Machine Tools Market By Region, From 2021-2026 ( USD Billion )
  2. Global Machine Tools Market By Tools Type, From 2021-2026 ( USD Billion )
  3. Global Metal Cutting Market By Region, From 2021-2026 ( USD Billion )
  4. Global Metal Forming Market By Region, From 2021-2026 ( USD Billion )
  5. Global Accessories Market By Region, From 2021-2026 ( USD Billion )
  6. Global Machine Tools Market By Technology Type, From 2021-2026 ( USD Billion )
  7. Global Conventional Market By Region, From 2021-2026 ( USD Billion )
  8. Global Computerized Numerical Control Market By Region, From 2021-2026 ( USD Billion )
  9. Global Machine Tools Market By End-Use Industry, From 2021-2026 ( USD Billion )
  10. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  11. Global Aerospace and Defense Market By Region, From 2021-2026 ( USD Billion )
  12. Global Electrical And Electronics Market By Region, From 2021-2026 ( USD Billion )
  13. Global Consumer Goods Market By Region, From 2021-2026 ( USD Billion )
  14. Global Precision Engineering Market By Region, From 2021-2026 ( USD Billion )

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