The global machine tools market size was estimated at USD 97,927.5 million in 2024 and is projected to reach USD 137,426.8 million by 2030, growing at a CAGR of 7.0% from 2025 to 2030. A key factor propelling this industry expansion is the continuous advancement in machine tool technologies, including innovations like multi-axis robotic arms, which enhance precision and efficiency. Additionally, the overall growth of the manufacturing sector plays a significant role in driving demand for advanced machine tools.
Furthermore, the market growth is supported by an increasing emphasis on improving productivity while minimizing downtime in manufacturing operations. Business owners globally face the critical challenge of managing and reducing operating costs. Within the manufacturing industry, it is generally more feasible to cut production costs than to raise the selling price of finished goods to boost profit margins, making cost efficiency a top priority.
Manufacturing processes heavily depend on time efficiency, where the quantity of jobs completed within a given timeframe directly reflects a plant’s productivity. Due to this, companies are focused on strategies to lower operating expenses, which, in turn, fuels the demand for advanced machine tools capable of optimizing manufacturing workflows and increasing output.
Key Market Trends & Insights:
• In 2024, the Asia Pacific region emerged as the dominant force in the global machine tools market, capturing over 56.0% of the total revenue share. This dominance is largely attributed to China's substantial presence in the sector, which accounted for 59.3% of the global market share in the same year. China's significant contribution is a result of its extensive manufacturing base and the government's strategic initiatives aimed at enhancing industrial capabilities.
• Focusing on specific segments, the metal cutting category is poised for notable growth, with projections indicating a significant compound annual growth rate (CAGR) of 7.2% from 2025 to 2030. This growth is driven by the increasing demand for precision components across various industries, including automotive, aerospace, and electronics. Advancements in cutting technologies and materials are further fueling this expansion.
• In terms of technological advancements, the Computer Numerical Control (CNC) segment is expected to experience rapid growth, with a projected CAGR of 7.2% from 2025 to 2030. CNC machines offer enhanced precision, flexibility, and automation, making them indispensable in modern manufacturing processes. The integration of CNC technology facilitates complex machining tasks and supports the trend towards smart manufacturing systems.
• Regarding end-use industries, the electrical sector is anticipated to witness significant growth, with a projected CAGR of 8.9% from 2025 to 2030. This growth is attributed to the increasing demand for electrical components driven by advancements in renewable energy, electric vehicles, and consumer electronics. The need for high-precision manufacturing in these areas underscores the importance of advanced machine tools in meeting industry requirements.
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Market Size & Forecast:
• 2024 Market Size: USD 97,927.5 Million
• 2030 Projected Market Size: USD 137,426.8 Million
• CAGR (2025-2030): 7.0%
• Asia Pacific: Largest market in 2024
Key Companies & Market Share Insights:
ENTACT and WSP are notable entities operating in the field of Massaging & Marinating, contributing to advancements and innovations in this specialized area.
Amada Machine Tools Co., Ltd. is a prominent global player in the machine tools industry, with a significant presence across North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific region. The company operates through four major divisions: Sheet Metal, Cutting and Grinding, Micro Welding, and Press Automation Solutions. The Sheet Metal division integrates various processes such as cutting, drilling, bending, and welding to provide comprehensive sheet metal fabrication machines. Amada's production system is supported by manufacturing bases in Japan, China, North America, and Europe, enabling the company to offer engineering and manufacturing of advanced metalworking solutions to a diverse clientele.
CHIRON GROUP SE, headquartered in Tuttlingen, Germany, operates through several brands, including CHIRON, STAMA, CMS (retrofit brand), and FACTORY5. The company has a global presence, with development and production sites, service and sales subsidiaries, and sales agencies worldwide. CHIRON GROUP SE serves key customers from sectors such as automotive, aerospace, medical technology, medical engineering, precision technology, and tool manufacturing. The company's diverse brand portfolio allows it to offer a wide range of solutions tailored to the specific needs of these industries.
Key Players
• Amada Machine Tools Co., Ltd.
• CHIRON GROUP SE
• DMG MORI. CO., LTD.
• DN Solutions
• Georg Fischer Ltd.
• HYUNDAI WIA CORP
• JTEKT Corporation
• Komatsu Ltd
• Makino Inc.
• Okuma Corporation
• Hurco Companies, Inc.
• Dalian Machine Tool Group (DMTG) Corporation
• Amera Seiki
• Haas Automation, Inc
• Datron AG
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Conclusion:
The global machine tools market is experiencing steady growth, driven by advancements in technology and increasing demand across various industries. Technological innovations, such as multi-axis arms and robotics, are enhancing the capabilities and efficiency of machine tools, making them more integral to modern manufacturing processes. This trend is particularly evident in the Asia Pacific region, which accounted for the largest revenue share in 2024, with China leading the global market.
