PUBLISHER: Lucintel | PRODUCT CODE: 1416310
PUBLISHER: Lucintel | PRODUCT CODE: 1416310
The future of the global machine tool market looks promising with opportunities in the automotive and transportation, sheet metals, capital goods, and energy markets. The global machine tool market is expected to reach an estimated $110.8 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing emphasis on growing output and decreasing idle time, growth of automation in manufacturing industry, and rising demand for automotive components from emerging economies.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global machine tool by product type, automation type, sales channel, end use, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies machine tool companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the machine tool companies profiled in this report include-
Lucintel forecasts that milling machines will remain the largest segment over the forecast period because of its versatile features and can perform several functions, such as filleting, turning, chamfering, drilling, gear cutting.
APAC is expected to witness highest growth over the forecast period due to increasing government investment, expanding urbanization, and rising consumer expenditure in the region.
Market Size Estimates: Machine tool market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Machine tool market size by various segments, such as by product type, automation type, sales channel, end use, and region in terms of value ($B).
Regional Analysis: Machine tool market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, automation type, sales channel, end use, and regions for the machine tool market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the machine tool market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the machine tool market size?
Answer: The global machine tool market is expected to reach an estimated $110.8 billion by 2030.
Q2. What is the growth forecast for machine tool market?
Answer: The global machine tool market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the machine tool market?
Answer: The major drivers for this market are increasing emphasis on growing output and decreasing idle time, growth of automation in manufacturing industry, and rising demand for automotive components from emerging economies.
Q4. What are the major segments for machine tool market?
Answer: The future of the global machine tool market looks promising with opportunities in the automotive and transportation, sheet metals, capital goods, and energy markets.
Q5. Who are the key machine tool market companies?
Answer: Some of the key machine tool companies are as follows:
Q6. Which machine tool market segment will be the largest in future?
Answer: Lucintel forecasts that milling machines will remain the largest segment over the forecast period because of its versatile features and can perform several functions, such as filleting, turning, chamfering, drilling, gear cutting.
Q7. In machine tool market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing government investment, expanding urbanization, and rising consumer expenditure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.