Pulished Date September, 2019
ID: 8760
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Global Machine Tools Market Segmented by Product Type (Drilling Machines, Milling Machines, Turning Machines, Electrical Discharge Machines, Grinding Machines), by End-Use, (Automotive and Transportation, Educational Institutions, Government (Defence purposes)) by Automation Type, Global Industry Analysis, Size, Share, Growth, Investment and Forecasts (2019-2024)

Pulished: September, 2019
ID: 8760
Pages: 175

Product Description:

Machine tool is used to form metals or other rigid materials by grinding, boring, and cutting or deforming. These instruments can be conventional or numerically regulated, depending on the mode of operation. Nowadays, varieties of Machine Tools are used, including Metal Cutting Machine Tool, Metal Forming Machine Tool and others. Metal Cutting Machines include Lathe, Drilling Machine, Milling Machine, Boil Machine, Grinding Machine, Equipment Centre, etc. Metal Forming Machine Tools include Pressure Machine, Bending Machine, Shearing Machine, Casting Machine, Punching Machine, etc.

Market Overview:

Machine Tools Market is expected to reach 90.3 billion USD by 2024, with a significant increase from 77.0 billion USD in 2018.

Recent Developments in Machine Tools Market:

AMADA has spent USD 90 million on a plant in Guilford County, North Carolina, to produce and assemble a line of high-precision press brake bending machinery for the USA. The company is following the strategy of expansion and adopt the advancements of technology. 

On May 15, 2017, TRUMPF, a mechanical engineering giant, invested a sum of 30 million euros, despite the political issues of china. The company now employees over 1300 workers and generates annual revenue of 404 million euros. 

Market Growth:

The Machine Tools market is estimated at USD 77 billion in 2018 and is expected to expand at a CAGR of 3.2 % to reach USD 90.3 billion by 2024. Increasing innovation fuels the growth of the Machine Tools market around the world. 

Drivers and Restraints of Machine Tools Market:


  • There is a tremendous amount of revenue that is being generated in the industry, and most of the companies are investing their income into R&D, which resulted in a consistent competition in the market, thrusting the market forward. The constant innovation and the costumers' demand propel it. 
  • Large- Scale automation is taking place at the industrial level. This opened up a huge window for machines to put their foot in. 
  • Government incentives are providing impetus to the Machine Tools market.


  • The market is highly crowded with huge corporates, and it is hard for a new company to attract customers. Because most of the equipment the customers buy would be used for a long time, and they tend to be loyal to that particular company. 

Market Segmentation:

By Product Type:

Based on sources, the Machine tools Market is segmented into, Drilling Machines, Milling Machines, Turning Machines, Electrical Discharge Machines, Grinding Machines. Out of these, milling machines are expected to contribute a huge deal to the of the market share. Milling machines are mainly used in the metal cutting process in several sectors. The promising development of the metalworking process sectors around the world has caused the demand for milling machines. Milling machines are incredibly versatile and can execute a range of tasks, such as filling, turning, chamfering, drilling, gear cutting, etc. These benefits make milling machines perfect for the automotive, aerospace, defence and railway sectors.

By End-Use Industry: 

By End-Use, the Machine Tools market is segmented into, Automotive and Transportation, Educational Institutions, Government (Defence purposes). Out to these, the Automotive and Transportation industry is expected to take a big chunk of the market share. The automotive industry is adopting the inclusion of techniques such as AI, IoT, robotics, etc., which will serve the needs of end customers.

Machine Tools Market Region-wise analysis:

Marked Segmentation 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 and Middle East Africa
    1. Brazil

The Asia Pacific region is anticipated to dominate the global machine tools market owing to a rise in the amount of metal cutting process industries across the region. The region is home to most of the prominent machine tool producers and is expected to rule the sales. China is one of the main customers of machine tools and is driving the market in the Asia Pacific.

Key Players of Machine Tools Market:

  1. Yamazaki Mazak
  2. Trumpf
  3. Komatsu
  4. JTEKT
  5. AMADA
  6. Doosan Machine Tools
  8. Okuma
  10. Makino
  11. Schuler
  12. Grob

These leading companies implemented many strategies in 2018 to withstand huge market competition.

Global Machine Tools Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of Recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of a competitive environment.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemiology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 By Product Type                      

                              5.1.1 Introduction           

                              5.1.2 Drilling Machines  

                              5.1.3 Milling Machines  

                              5.1.4 Turning Machines 

                              5.1.5 Electrical Discharge Machines         

                              5.1.6 Grinding Machines              

                              5.1.7  Y-o-Y Growth Analysis, By Product              

                              5.1.8  Market Attractiveness Analysis, By Product             

                              5.1.9  Market Share Analysis, By Product              

               5.2 By End Use                 

                              5.2.1 Introduction           

                              5.2.2 Automotive and Transportation     

                              5.2.3 Educational Institutions     

                              5.2.4 Government (Defence Purposes)   

                              5.2.5 Y-o-Y Growth Analysis, By End Use

                              5.2.6 Market Attractiveness Analysis, By End Use             

                              5.2.7 Market Share Analysis, By End-Use

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                    By Geographical Area

                                    By Product Type

                                    By End Use

                              6.1.4  Market Attractiveness Analysis      

                                    By Geographical Area

                                    By Product Type

                                    By End Use

                              6.1.5  Market Share Analysis       

                                    By Geographical Area

                                    By Product Type

                                    By End Use

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Yamazaki Mazak                      

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Trumpf                        

               8.3 Komatsu                     

               8.4 JTEKT                           

               8.5 AMADA                       

               8.6 Doosan Machine Tools                         

               8.7 DMG MORI                

               8.8 Okuma                        

               8.9 HYUNDAI WIA                          

               8.10 Makino                     

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations, and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


               a) List of Tables                

               b) 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 Market By Region, From 2019-2024 ( USD Billion )
  2. Global Machine Tools Market Market By Product Type, From 2019-2024 ( USD Billion )
  3. Global Drilling Machines Market By Region, From 2019-2024 ( USD Billion )
  4. Global Milling Machines Market By Region, From 2019-2024 ( USD Billion )
  5. Global Electrical Discharge Machines Market By Region, From 2019-2024 ( USD Billion )
  6. Global Grinding Machines Market By Region, From 2019-2024 ( USD Billion )
  7. Global Machine Tools Market Market By End Use, From 2019-2024 ( USD Billion )
  8. Global Automotive and Transportation Market By Region, From 2019-2024 ( USD Billion )
  9. Global Educational Institutions Market By Region, From 2019-2024 ( USD Billion )
  10. Global Government (Defence Purposes) Market By Region, From 2019-2024 ( USD Billion )

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