Machine tools Market in US 2024-2028

Description

List of Tables

The machine tools market in US is forecasted to grow by USD 5.02 bn during 2023-2028, accelerating at a CAGR of 5.24% during the forecast period. The report on the machine tools market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in demand for metal parts in major end-user industries, increased customization and specialization of machine tools, and growth in production of fabricated metal products.

Technavio's machine tools market in US is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.73%
CAGR	5.24%
Incremental Value	$5.02bn

By End-user

Automotive
Industrial machinery
Precision engineering
Transportation
Others

By Technology

Computer numerical control (CNC) machine tools
Conventional machine tools

By Type

Metal cutting
Metal forming

This study identifies the growing market for high-speed steel-cutting tools as one of the prime reasons driving the machine tools market in US growth during the next few years. Also, enhanced growth of fabricated metal products and emergence of fully automated machine tools will lead to sizable demand in the market.

The report on the machine tools market in US covers the following areas:

Machine tools market in US sizing
Machine tools market in US forecast
Machine tools market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine tools market in US vendors that include Allied Machine and Engineering Corp., AMADA Co. Ltd., DMG MORI Co. Ltd., DN Solutions Co. Ltd., Fair Friend Enterprise Group, FALCON MACHINE TOOLS Co. Ltd., FANUC Corp., Georg Fischer Ltd., Haas Automation Inc., Hardinge Inc., Hyundai Motor Co., IMC International Metalworking Companies B.V., Kennametal Inc., The Lincoln Electric Co., Makino Milling Machine Co. Ltd., Mitsubishi Corp., Okuma Corp., Otto Bihler Maschinenfabrik GmbH and Co. KG, Sandvik AB, TRUMPF SE Co. KG, Yamazaki Mazak Corp., IMCO Carbide Tool Inc., Komatsu Ltd., OSG USA Inc., and JTEKT Corp.. Also, the machine tools market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77474

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Machine tools market in US 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Technology Segment Analysis 2018 - 2022
4.4 Type Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments
6.2 Comparison by End-user
6.3 Automotive - Market size and forecast 2023-2028
6.4 Industrial machinery - Market size and forecast 2023-2028
6.5 Precision engineering - Market size and forecast 2023-2028
6.6 Transportation - Market size and forecast 2023-2028
6.7 Others - Market size and forecast 2023-2028
6.8 Market opportunity by End-user

7 Market Segmentation by Technology

7.1 Market segments
7.2 Comparison by Technology
7.3 Computer numerical control (CNC) machine tools - Market size and forecast 2023-2028
7.4 Conventional machine tools - Market size and forecast 2023-2028
7.5 Market opportunity by Technology

8 Market Segmentation by Type

8.1 Market segments
8.2 Comparison by Type
8.3 Metal cutting - Market size and forecast 2023-2028
8.4 Metal forming - Market size and forecast 2023-2028
8.5 Market opportunity by Type

9 Customer Landscape

9.1 Customer landscape overview

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Allied Machine and Engineering Corp.
12.4 AMADA Co. Ltd.
12.5 DMG MORI Co. Ltd.
12.6 DN Solutions Co. Ltd.
12.7 FALCON MACHINE TOOLS Co. Ltd.
12.8 FANUC Corp.
12.9 Georg Fischer Ltd.
12.10 Haas Automation Inc.
12.11 Hardinge Inc.
12.12 Hyundai Motor Co.
12.13 JTEKT Corp.
12.14 Kennametal Inc.
12.15 The Lincoln Electric Co.
12.16 Mitsubishi Corp.
12.17 TRUMPF SE Co. KG

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations