The Market is segmented by Type (Metal Working Machines, Parts and Accessories, and Installation, Repair, and Maintenance), by End-use (Automotive, Fabrication, and Industrial Machinery Manufacturing, Marine and Aerospace & Defense, Precision Engineering, and Others) and by Geography - Growth, Trends, and Forecast (2019-2024)

Market Snapshot

Study Period:


Base Year:


Largest Market:

Asia Pacific

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Market Overview

The global machine tools market is expected to register a healthy growth rate of more than 5% during the forecast period. Following two years of quiet moderation, the worldwide production of machine tools underwent explosive growth in 2017. China remained both the largest market and the largest manufacturer in the market studied. Germany is able to maintain its position as the major exporter. In terms of consumption in 2017, China leads the race with a gigantic 32.5% of the global share (31.9% in 2016) followed by the United States (11.1%) and Germany (8.3%). China’s production volume amounted to EUR 17.9 billion in 2017. But, China’s producers are having a hard time on their own market, and they are still clearly unable to satisfy the demand for higher quality production technology featuring higher performance automation. Worldwide, the cutting sector represented a major share in terms of production volume when compared to forming technology. China’s forming technology completely outclassed the competition, holding a lion share in terms of production volume. China is outpacing the United States in the annual installation of new machine tools and industrial robots. 

Scope of the Report

A complete background analysis of the global machine tools market, which includes an assessment of the sector and contribution of sector in the economy, market overview, market size estimation for key segments, key countries and emerging trends in the market segments, market dynamics, and key production and consumption statistics are covered in the report.

By Type
Metal Working Machines
Metal Cutting
Metal Forming
Parts and Accessories
Installation, Repair , and Maintainence
By End-user
Fabrication and Industrial Machinery Manufacturing
Marine and Aerospace & Defense
Precision Engineering
Rest of the Market
South Korea
Rest of APAC
United States
Rest of Americas
United Kingdom
Rest of Europe
Rest of the World

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Key Market Trends

Positive Outlook for the Automotive Industry

Despite some headwinds, automotive industry is look bright globally. U.S. light vehicle sales peaked in 2016 with 17.46 million and 2018 marked the fourth straight year with over 17 million unit sales. According to industry sources, global light vehicle production units have been remarkable and it is only continue to grow. APAC is expected to register the highest growth rates in terms of production volumes followed by North America. Furthermore, Electric Vehicles sales and manufacturing is increasing at a record pace, which creates a demand for the machine tools and other equipment associated with manufacturing process. Machine tools has wide range of applications in automotive industry like CNC milling (gearbox cases, transmission housings, engine cylinder heads, etc.), turning (brake drums, rotors, fly wheel, etc.) drilling, etc. with the advent of advanced technologies and automation, the demand for machine is only going to increase to gain productivity and precision.

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Spotlight on Germany Machine Tool Market

The German machine tool industry is bursting with buoyant health. It has been achieving new historic records in production, exports, and incoming orders. In 2017, it recorded a 7% growth in production. Bolstered by countries abroad, incoming orders in 2016 scraped the EUR 15.9 billion mark to exceed the previous year’s figures. Domestic consumption in 2016 stagnated at EUR 7.7 billion, a volume equaling that of the previous year. German manufacturers took top position in the euro rankings of leading export nations in the machine tool sector in 2017 (without replacement parts and accessories). Despite the 2018 order activities dampening overall, the surplus orders from the previous year, combined with a predicted growth in industrial production and a beefy expansion to investments in plant in Germany, lead to a further 7% growth in the production volume of German manufacturers and to accelerated expansion in Germany’s machine tool consumption. Concerning technology, within the last five years, i.e. between 2013 and 2017, German manufacturers of machining laser systems raised their production value by 21% in Germany. German laser systems are leaders on the world market. This applies particularly to cutting, welding, lettering, additive manufacturing, IC laser trimming, and PCB drilling and bonding.

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Competitive Landscape

The machine tools market is fairly fragmented in nature with the presence of large global players and small and medium sized local players with quite a few players who occupy the market share. When analyzing major countries’ manufacturing establishments, it is revealed that many of the global companies have footprint in the major countries. Besides Chinese manufacturers, a great many Japanese, Taiwanese and German manufacturers are producing in China. For Germany, apart from several hundred sales and service subsidiaries or branch offices of German machine tool manufacturers throughout the world, there are probably less than 20 German corporations producing complete units abroad currently.

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Table Of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study


    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases



    1. 4.1 Current Market Scenario

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

    3. 4.3 Porter's Five Forces Analysis

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Global Manufacturing Sector (Overview, Trends, R&D, Key Statistics, etc.)

    6. 4.6 Key Government Regulations and Initiatives for Manufacturing Sector

    7. 4.7 Metal Working Industry Snapshot (Overview, Key Metrics, Developments, etc.)

    8. 4.8 Technology Snapshot

      1. 4.8.1 Connected and Automated Machines

      2. 4.8.2 Advanced Controls/Motion-Control Systems

      3. 4.8.3 Digitalization and Industry 4.0

      4. 4.8.4 Artificial Intelligence (AI) for Accurate Metal Cutting*

    9. 4.9 *List not Exhaustive


    1. 5.1 By Type

      1. 5.1.1 Metal Working Machines

        1. Metal Cutting

        2. Metal Forming

      2. 5.1.2 Parts and Accessories

      3. 5.1.3 Installation, Repair , and Maintainence

    2. 5.2 By End-user

      1. 5.2.1 Automotive

      2. 5.2.2 Fabrication and Industrial Machinery Manufacturing

      3. 5.2.3 Marine and Aerospace & Defense

      4. 5.2.4 Precision Engineering

      5. 5.2.5 Rest of the Market

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Taiwan

        6. Rest of APAC

      2. 5.3.2 Americas

        1. United States

        2. Canada

        3. Mexico

        4. Brazil

        5. Rest of Americas

      3. 5.3.3 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Italy

        5. Russia

        6. Rest of Europe

      4. 5.3.4 Rest of the World


    1. 6.1 Overview (Market Concentration, Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 TRUMPF Group

      2. 6.2.2 Shenyang Machine Tool Group

      3. 6.2.3 Amada Co. Ltd

      4. 6.2.4 Dalian Machine Tool Group

      5. 6.2.5 Komatsu Ltd

      6. 6.2.6 DMG Mori Seiki Co., Ltd

      7. 6.2.7 Schuler AG

      8. 6.2.8 JTEKT Corporation

      9. 6.2.9 Okuma Corporation

      10. 6.2.10 MAG

      11. 6.2.11 Makino Milling Machine Co., Ltd

      12. 6.2.12 Haas Automation, Inc

      13. 6.2.13 Yamazaki Mazak

      14. 6.2.14 CHIRON Group

      15. 6.2.15 Diskus Werke AG

      16. 6.2.16 Falcon Machine Tools Co. Ltd

      17. 6.2.17 FANUC Corporation*

  7. *List Not Exhaustive

  9. 8. APPENDIX

    1. 8.1 GDP Distribution, by Activity-Key Countries

    2. 8.2 Insights on Capital Flows-Key Countries

    3. 8.3 Economic Statistics Manufacturing Sector, Contribution to Economy (Key Countries)

    4. 8.4 Global Manufacturing Industry Statistics*

    5. 8.5 *List not Exhaustive


** Subject to Availability

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