Machine Tools   Market Overviews

Global Machine Tools Market was valued nearly US$ 90.09 Bn. in 2023. Global Machine Tools Market size is estimated to grow at a CAGR of 4% and is expected to reach at US$ 118.55 Bn. by 2030.

The industrial industry's strong emphasis on increasing productivity & decreasing downtime is expected to drive growth. The growing market for mass production in industries like aerospace and defence, as well as other industries & market segments, is likely to increase machine tool usage. Metal cutting tool demand is increasing in tandem with the increased use of metals in numerous industries, which bodes well for growing market. Integration of Computer-Aided Producing (CAM) in machine tools to reduce the amount of time necessary for manufacturing work pieces & ensure trouble-free manufacturing of micro components has become a major market trend. This Machine Tools Market report comes with segment analysis and market forcast size on the basis of product type, automation type and region.

Machine Tools  Market Scope and Methodology:

An increase in Commercial vehicle rental and leasing alternatives has mostly resulted from increased concern and understanding about lower emissions. Also, vehicle rental allows for enhanced mobility without the worry of incurring the fees associated with owning a car. These services are available on websites and other online platforms, which has helped the vehicle rental market's growth.

Machine Tools  Market Regional Insights

In 2023, APAC region dominated the machine tools market, contributing for more than 35% of total revenue. This can be attributable to efforts like "Make in India" & "Made in China 2025," which are being pursued by regional governments to stimulate indigenous manufacturing. To encourage manufacturing investment, the Indian government stated in September that manufacturing enterprises registered on or after October 1, 2019 will be capable of paying corporation tax at a rate of 15%. Furthermore, nations in the area, including such China, India, and South Korea, are among the world's largest auto component producers, and the use of machine tools in the manufacturing of automotive components has been increasing across the region.

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 Machine Tools  Market Segmentation

With a market share of over 25% in 2019, the lathe machines segment led the machine tools market. This can be attributed to the increasing use of lathe equipment for tasks like chamfering, filleting, twisting, & slot cutting. The use of lathe machines has increased in recent years as a result of their ability to eliminate human intervention while boosting the accuracy of machining processes. Manufacturers like Georg Fischer Ltd. and Haas Automation, Inc. are responding towards the trend by concentrating on the creation of novel lathe machines, which is helping the category grow.

Machine Tools   Market Key Players

AMADA Co., Ltd.

CHIRON Group SE
DMG MORI
Doosan Corporation
Georg Fischer Ltd.
HYUNDAI WIA CORP.
JTEKT
Komatsu Ltd.
Makino
Okuma Corporation
TRUMPF Group
Shenyang Machine Tool Group
Amada Co. Ltd
Dalian Machine Tool Group

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Key questions answered in the Machine Tools   Market are:

• What is Machine Tools  ?
• What was the Machine Tools  market size in 2023?
• What is the growth rate of the Machine Tools  Market?
• Which are the factors expected to drive the Machine Tools  market growth?
• What are the different segments of the Machine Tools  Market?
• What growth strategies are the players considering to increase their presence in Machine Tools  ?
• What are the upcoming industry applications and trends for the Machine Tools  Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Machine Tools  Market?
• Who are the leading companies and what are their portfolios in Machine Tools  Market?
• What segments are covered in the Machine Tools  Market?
• Who are the key players in the Machine Tools  market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 20242030
• Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
  • Competitive landscape Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTERs analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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