Study #: 3806 | Published: 11/2019 | Pages: 148 | Individual User License: US$ 5,400

Global demand for machine tools is projected to climb 3.8% per year through 2023 to $174 billion, supported by:

  • solid advances in global durable goods production capacity, particularly in developing countries such as India, China, and Russia
  • a shift in the product mix toward higher value, more technologically advanced products as producers work to boost output, increase efficiency, and produce more sophisticated manufactured goods
  • an ongoing transition to more expensive, automated models aided by research and development

Key Regional Trends Through 2023

Global gains will be concentrated in countries with developing durable goods industries:

  • Strong growth is expected in China – by far the largest market for machine tools – where demand will expand 5.6% per annum through 2023, when the country will account for 41% of global demand for these products.
  • Demand in India will expand quickly as the country undergoes rapid industrialization.
  • The markets for machine tools in Central and South America and Eastern Europe will expand at a healthy pace as countries in the region recover from turbulent economic conditions.

Healthy growth is also expected in the mature regions of Western Europe and North America due to:

  • improving market conditions in numerous regional countries as both overall economic growth and gross fixed investment continue to increase
  • ongoing adoption of more advanced and specialized machine tools, as manufacturers in the regions invest in machine tools that offer increased control and precision in order to improve product quality

Our Simple Buying Process

Add This Study To Your Cart.

Register, Checkout and
Verify Payment.

Your Report Is Available.

Table of Contents

1. Market Brief

2. Global Market Overview

Technological Trends

Functional Competition

Legal & Regulatory Environment

Demand by Region

3. Products

Demand by Product

Metal Cutting

Demand by Type & Region

Machining Centers & Related Tools

Laser, Electrical Discharge Machines (EDMs), & Related Tools

Lathes (Turning Machines)

Grinding & Polishing Machines

Other Metal Cutting Tools (Drilling, Boring, Gear Cutting, Milling)

Metal Forming

Demand by Type & Region

Presses

Punching & Shearing Machines

Bending & Forming Machines

Other Metal Forming Tools

Machine Tool Accessories & Spare Parts

4. Markets

Demand by Market

Machinery

Transportation Equipment

Primary & Fabricated Metals

Electrical & Electronic Equipment

Other Markets

5. North America

North America: Machine Tool Market Size & Environment

North America: Machine Tool Demand by Product & Market

United States

United States: Machine Tool Market Size & Environment

United States: Machine Tool Demand by Product & Market

Mexico

Mexico: Machine Tool Market Size & Environment

Mexico: Machine Tool Demand by Product & Market

Canada

Canada: Machine Tool Market Size & Environment

Canada: Machine Tool Demand by Product & Market

6. Central & South America

Central & South America: Machine Tool Market Size & Environment

Central & South America: Machine Tool Demand by Product & Market

Brazil

Brazil: Machine Tool Market Size & Environment

Brazil: Machine Tool Demand by Product & Market

Other Central & South America

Other Central & South America: Machine Tool Market Size & Environment

Other Central & South America: Machine Tool Demand by Product & Market

7. Western Europe

Western Europe: Machine Tool Market Size & Environment

Western Europe: Machine Tool Demand by Product & Market

Germany

Germany: Machine Tool Market Size & Environment

Germany: Machine Tool Demand by Product & Market

Italy

Italy: Machine Tool Market Size & Environment

Italy: Machine Tool Demand by Product & Market

France

France: Machine Tool Market Size & Environment

France: Machine Tool Demand by Product & Market

Switzerland

Switzerland: Machine Tool Market Size & Environment

Switzerland: Machine Tool Demand by Product & Market

United Kingdom

United Kingdom: Machine Tool Market Size & Environment

United Kingdom: Machine Tool Demand by Product & Market

Other Western Europe

Other Western Europe: Machine Tool Market Size & Environment

Other Western Europe: Machine Tool Demand by Product & Market

8. Eastern Europe

Eastern Europe: Machine Tool Market Size & Environment

Eastern Europe: Machine Tool Demand by Product & Market

Russia

Russia: Machine Tool Market Size & Environment

Russia: Machine Tool Demand by Product & Market

Other Eastern Europe

Other Eastern Europe: Machine Tool Market Size & Environment

Other Eastern Europe: Machine Tool Demand by Product & Market

9. Asia/Pacific

Asia/Pacific: Machine Tool Market Size & Environment

Asia/Pacific: Machine Tool Demand by Product & Market

China

China: Machine Tool Market Size & Environment

China: Machine Tool Demand by Product & Market

Japan

Japan: Machine Tool Market Size & Environment

Japan: Machine Tool Demand by Product & Market

South Korea

South Korea: Machine Tool Market Size & Environment

South Korea: Machine Tool Demand by Product & Market

Taiwan

Taiwan: Machine Tool Market Size & Environment

Taiwan: Machine Tool Demand by Product & Market

India

India: Machine Tool Market Size & Environment

India: Machine Tool Demand by Product & Market

Thailand

Thailand: Machine Tool Market Size & Environment

Thailand: Machine Tool Demand by Product & Market

Other Asia/Pacific

Other Asia/Pacific: Machine Tool Market Size & Environment

Other Asia/Pacific: Machine Tool Demand by Product & Market

10. Africa/Mideast

Africa/Mideast: Machine Tool Market Size & Environment

Africa/Mideast: Machine Tool Demand by Product & Market

Turkey

Turkey: Machine Tool Market Size & Environment

Turkey: Machine Tool Demand by Product & Market

Other Africa/Mideast

Other Africa/Mideast: Machine Tool Market Size & Environment

Other Africa/Mideast: Machine Tool Demand by Product & Market

11. Industry Structure

Key Findings & Industry Composition

Market Share

Mergers & Acquisitions

12. Appendix

Scope

Definitions

Abbreviations

Methodology

Related Studies & Reports

Freedonia Group US Studies

Freedonia Group Global Studies

Freedonia Focus Reports

Knowledge Center

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Manufacturing Outlook


List of Tables

2. Global Market Overview

Table 2-1 | Global Machine Tool Demand by Region, 2008 - 2023 (million dollars)

3. Products

Table 3-1 | Global Machine Tool Demand by Product, 2008 - 2023 (million dollars)

Table 3-2 | Global Metal Cutting Tool Demand by Type & Region, 2008 - 2023 (million dollars)

Table 3-3 | Global Metal Forming Tool Demand by Type & Region, 2008 - 2023 (million dollars)

Table 3-4 | Global Machine Tool Accessory & Spare Part Demand by Region, 2008 - 2023 (million dollars)

4. Markets

Table 4-1 | Global Machine Tool Demand by Market, 2008 - 2023 (million dollars)

Table 4-2 | Global Machinery Machine Tool Demand by Region, 2008 - 2023 (million dollars)

Table 4-3 | Global Transportation Equipment Machine Tool Demand by Region, 2008 - 2023 (million dollars)

Table 4-4 | Global Primary & Fabricated Metal Machine Tool Demand by Region, 2008 - 2023 (million dollars)

Table 4-5 | Global Electrical & Electronic Equipment Machine Tool Demand by Region, 2008 - 2023 (million dollars)

Table 4-6 | Global Demand for Machine Tools in Other Markets by Region, 2008 - 2023 (million dollars)

5. North America

Table 5-1 | North America: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 5-2 | United States: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 5-3 | Mexico: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 5-4 | Canada: Machine Tool Demand by Product & Market, 2008 - 2023 (million US dollars)

6. Central & South America

Table 6-1 | Central & South America: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 6-2 | Brazil: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 6-3 | Other Central & South America: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

7. Western Europe

Table 7-1 | Western Europe: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-2 | Germany: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-3 | Italy: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-4 | France: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-5 | Switzerland: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-6 | United Kingdom: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-7 | Other Western Europe: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

8. Eastern Europe

Table 8-1 | Eastern Europe: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 8-2 | Russia: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 8-3 | Other Eastern Europe: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

9. Asia/Pacific

Table 9-1 | Asia/Pacific: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-2 | China: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-3 | Japan: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-4 | South Korea: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-5 | Taiwan: Machine Tool Demand by Product & Market, 2008 - 2023 (million US dollars)

Table 9-6 | India: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-7 | Thailand: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-8 | Other Asia/Pacific: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

10. Africa/Mideast

Table 10-1 | Africa/Mideast: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 10-2 | Turkey: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

Table 10-3 | Other Africa/Mideast: Machine Tool Demand by Product & Market, 2008 - 2023 (million dollars)

11. Industry Structure

Table 11-1 | Global Machine Tool Sales by Company, 2018 (million dollars)

Table 11-2 | Selected Mergers & Acquisitions

12. Appendix

Table 12-1 | Relevant HS Codes

Table 12-2 | Relevant NAICS & SIC Codes

Table 12-3 | Abbreviations & Acronyms Used in This Report

Table 12-4 | Countries in North America

Table 12-5 | Countries in Central & South America

Table 12-6 | Countries in Western Europe

Table 12-7 | Countries in Eastern Europe

Table 12-8 | Countries in the Asia/Pacific Region

Table 12-9 | Countries in the Africa/Mideast Region

Table 12-10 | Global Gross Domestic Product by Region & Country, 2008 - 2023 (billion 2017 dollars)

Table 12-11 | Global Manufacturing Value Added by Region & Country, 2008 - 2023 (billion 2017 dollars)


List of Figures

1. Market Brief

Figure 1-1 | Global Machine Tool Market

2. Global Market Overview

Figure 2-1 | Global Machine Tool Demand Share by Region, 2018 (billion dollars)

3. Products

Figure 3-1 | Global Machine Tool Demand Share by Product, 2018 (billion dollars)

Figure 3-2 | Global Machine Cutting Tool Demand Share by Type, 2018 (billion dollars)

Figure 3-3 | Global Metal Forming Tool Demand Share by Type, 2018 (billion dollars)

4. Markets

Figure 4-1 | Global Machine Tool Demand Share by Market, 2018 (billion dollars)

5. North America

Figure 5-1 | North America: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 5-2 | North America: Machine Tool Demand Share by Country, 2018 (billion dollars)

Figure 5-3 | United States: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 5-4 | Mexico: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 5-5 | Canada: Machine Tool Demand, 2004 - 2018 (million US dollars)

6. Central & South America

Figure 6-1 | Central & South America: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 6-2 | Brazil: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 6-3 | Other Central & South America: Machine Tool Demand, 2004 - 2018 (million dollars)

7. Western Europe

Figure 7-1 | Western Europe: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 7-2 | Western Europe: Machine Tool Demand Share by Country, 2018 (billion dollars)

Figure 7-3 | Germany: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 7-4 | Italy: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 7-5 | France: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 7-6 | Switzerland: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 7-7 | United Kingdom: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 7-8 | Other Western Europe: Machine Tool Demand, 2004 - 2018 (million dollars)

8. Eastern Europe

Figure 8-1 | Eastern Europe: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 8-2 | Russia: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 8-3 | Other Eastern Europe: Machine Tool Demand, 2004 - 2018 (million dollars)

9. Asia/Pacific

Figure 9-1 |Asia/Pacific: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 9-2 | Asia/Pacific: Machine Tool Demand Share by Country, 2018 (billion dollars)

Figure 9-3 | China: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 9-4 | Japan: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 9-5 | South Korea: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 9-6 | Taiwan: Machine Tool Demand, 2004 - 2018 (million US dollars)

Figure 9-7 | India: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 9-8 | Thailand: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 9-9 | Other Asia/Pacific: Machine Tool Demand, 2004 - 2018 (million dollars)

10. Africa/Mideast

Figure 10-1 | Africa/Mideast: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 10-2 | Turkey: Machine Tool Demand, 2004 - 2018 (million dollars)

Figure 10-3 | Other Africa/Mideast: Machine Tool Demand, 2004 - 2018 (million dollars)

11. Industry Structure

Figure 11-1 | Global Machine Tool Market Share by Company, 2018 (billion dollars)

12. Appendix


© by The Freedonia Group, a division of MarketResearch.com