PUBLISHER: The Business Research Company | PRODUCT CODE: 1932783
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932783
Metalworking machinery refers to electrically powered machines employed to perform various operations on metals, encompassing tasks such as sanding, knurling, drilling, boring, facing, threading, and turning. Metalwork, on the other hand, is the process of manipulating metals to produce individual parts, assemblies, and large structures.
The primary categories within the domain of metalworking machinery include special die and tool, die set, jig, and fixture, machine tool, industrial mold, rolling mill, other metalworking machinery, as well as cutting tool and machine tool accessory. Industrial mold refers to the shaping or molding of liquid or raw materials, and these machines come in various capacities, including small, medium, and large. They find applications in industries such as automotive, manufacturing, and various other sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the metalworking machinery market by increasing costs of imported machine tools, cutting tools, and precision components used across metal fabrication processes. Higher duties on industrial equipment and raw materials such as steel have raised capital expenditure for manufacturers, affecting automotive and manufacturing applications, particularly in Asia Pacific, North America, and Europe. These cost pressures have slowed machinery upgrades for small and medium capacity users while encouraging larger enterprises to localize production and diversify supplier networks. In some regions, tariffs have positively supported domestic machinery manufacturers by improving competitiveness and driving investments in local metalworking equipment production.
The metal working machinery market research report is one of a series of new reports from The Business Research Company that provides metal working machinery market statistics, including metal working machinery industry global market size, regional shares, competitors with a metal working machinery market share, detailed metal working machinery market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking machinery industry. This metal working machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The metalworking machinery market size has grown strongly in recent years. It will grow from $298.19 billion in 2025 to $315.92 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrial manufacturing growth, expansion of automotive production, demand for mass metal component fabrication, availability of conventional machine tools, growth in infrastructure and construction activities.
The metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $412.39 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to smart manufacturing adoption, increasing electric vehicle production, demand for customized metal components, advancements in CNC and automation technologies, rising investment in large scale manufacturing facilities. Major trends in the forecast period include high precision metal forming demand, rising adoption of multi function machine tools, growth in CNC based machining centers, increasing use of advanced cutting tools, demand for high capacity metalworking equipment.
The increasing demand from the automotive industry is expected to drive the growth of the metalworking machinery market going forward. The automotive sector is a major consumer of metalworking machinery, including machine tools, welding equipment, and cutting tools. Demand is fueled by the need for precision and efficiency in manufacturing automotive components. For example, in February 2023, the China Passenger Car Association, a China-based organization providing automotive statistics, reported that car sales rose 2.2% in August compared with the same month the previous year, reaching 1.94 million units. Therefore, growing demand from the automotive industry is contributing to the expansion of the metalworking machinery market.
Major companies in the metalworking machinery market are focusing on developing innovative solutions, such as robotics-based welding systems, to meet the rising need for automation, enhanced worker safety, and higher manufacturing throughput. For instance, in May 2023, Pro Spot International, a US-based manufacturer of resistance spot-welding equipment, launched the world's first cobot spot welder. The system integrates Pro Spot's lightweight i5s resistance spot-welding unit with a collaborative robot to automate tasks traditionally performed manually. This approach enhances safety by reducing operator exposure to heat and repetitive strain, while its automated precision ensures consistent, high-quality welds. Compared with manual spot welding, the cobot system delivers 2-3X higher manufacturing capacity, improves operational efficiency, and supports flexible deployment across metal fabrication, automotive repair, and industrial production environments.
In September 2025, MC Machinery Systems, a Canada-based provider of advanced manufacturing equipment and automation solutions, acquired Ferro Technique Ltd. for an undisclosed amount. Through this acquisition, MC Machinery Systems aims to strengthen its technological capabilities and expand its market presence in precision metal processing solutions. Ferro Technique Ltd. is a UK-based provider of specialized metal fabrication and finishing services for industrial applications.
Major companies operating in the metalworking machinery market are Sandvik Aktiebolag, TRUMPF Group, Mitsubishi Heavy Industries Limited, Amada Co. Limited, Colfax Corporation, Fanuc Corporation, Okuma Corporation, Kennametal Incorporated, Hardinge Incorporated, DMG Mori Co. Limited, Makino Milling Machine Co. Limited, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Limited, Fives Group, Gleason Corporation, Haas Automation Incorporated, Hurco Companies Incorporated, Mori Seiki Co. Limited, Nakamura-Tome Precision Industry Co. Limited, Okamoto Corporation, Schuler Aktiengesellschaft, Shenyang Machine Tool Co. Limited
Asia-Pacific was the largest region in the metalworking machinery market in 2025. Western Europe was the second largest region in the metalworking machinery market. The regions covered in the metalworking machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the metalworking machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The metal working machinery market consists of sales of various kinds of metal working machines available in different forms, including lathes, milling machines, and planers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Metalworking Machinery Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses metalworking machinery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for metalworking machinery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The metalworking machinery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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