The global machine tools market value was US$ 66.51 billion in 2020. The global machine tools market is forecast to reach US$ 108.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2021-2030.

A machine tool is a machine that cuts, drills, grinds, or deforms metals. For example, a metal lathe uses hard materials like metals to form different shapes. A major customer of machine tools is the automobile, aerospace, railway, defense manufacturing, etc. The manufacturer can use it to create any type of design. It can also perform multiple operations.

Factors Influencing Market Growth
● The increasing demand for mass production in various manufacturing industries and favorable government policies to promote manufacturing are the main factors stimulating the growth of the global machine tools market. 
● With the advent of automation, Computer Numerical Control (CNC) systems have allowed several market players to form strategic alliances, such as partnerships, which will create a lucrative market opportunity. 
● The high costs associated with purchasing and installing CNC machines may slow down the growth of the global machine tools market during the forecast period.

Impact Analysis of COVID-19
The COVID-19 outbreak has limited the market growth due to operational challenges, disruption of the supply chain, reduced demand, and workers' limitations. As a result of the pandemic, machine tools demand decreased in various industries. A variety of government regulations have resulted in a halt to manufacturing activities globally. A lockdown, roadblocks, and restrictions on the movement of goods have affected the supply of raw materials. 

Post-COVID-19, the global market should recover due to numerous factors, including favorable government regulations, increasing applications in various sectors, and expanding distribution channels.

Regional Insights
Globally, Asia Pacific is forecast to hold the highest revenue share. The manufacturing sector has become a hub in emerging countries like China and India. In terms of global trade, this region is one of the largest exporters of goods & services. A steady increase in the population is also evident in the region. In order to support this, the manufacturing sector must maintain the growing demand for products and services. Thus, smart technologies are increasingly being incorporated into manufacturing operations since they increase productivity, help companies efficiently maximize resources, and help to innovate products. Smart technology has made rural industries more sophisticated. Through this transformation, rural businesses will be able to produce goods & render services digitally, resulting in faster adoption of machine tools in the Asia Pacific.
 

Leading Competitors
The leading prominent companies profiled in the global machine tools market are:

● Ace Micromatic Group
● AMADA Co., Ltd.
● Chiron Group SE
● DMG MORI
● Doosan Corporation
● Electronica Hitech Engineering Pvt ltd
● FANUC Robotics company
● Georg Fischer Ltd.
● Gleason Corporation
● Haas Automation India Pvt. Ltd
● HYUNDAI WIA CORP.
● JTEKT Corporation
● Komatsu Ltd.
● Makino Milling Machine Co., Ltd.
● Okuma Corporation
● Schuler AG
● Spinner Machines Tools
● Other Prominent Players

Scope of the Report
The global machine tools market segmentation focuses on Type, Technology, Sales channel, End-Use, and Region.

Segmentation based on Type
● Lathe
● Milling
● Laser
● Grinding
● Welding
● Winding
● Others

Segmentation based on Technology
● Computer Numerical Control (CNC)
● Conventional

Segmentation based on Sales Channel
● Direct
● Indirect

Segmentation based on End-User
● Automotive
● Aerospace & Defense
● Construction Equipment
● Power & Energy
● Industrial
● Others

Segmentation based on Region
● North America
o The U.S.
o Canada
o Mexico

● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe

● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific

● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA

● South America
o Brazil
o Argentina
o Rest of South America
 

[TABLE OF CONTENTS]

1 INTRODUCTION OF GLOBAL MACHINE TOOLS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES

4 GLOBAL MACHINE TOOLS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS

5 GLOBAL MACHINE TOOLS MARKET, BY TYPE
5.1 OVERVIEW
5.2 LATHE
5.3 MILLING
5.4 LASER
5.5 GRINDING
5.6 WELDING
5.7 WINDING
5.8 OTHERS

6 GLOBAL MACHINE TOOLS MARKET, BY TECHNOLOGY
6.1 OVERVIEW
6.2 COMPUTER NUMERICAL CONTROL (CNC)
6.3 CONVENTIONAL

7 GLOBAL MACHINE TOOLS MARKET, BY SALES CHANNEL
7.1 OVERVIEW
7.2 DIRECT
7.3 INDIRECT

8 GLOBAL MACHINE TOOLS MARKET, BY END-USER
8.1 OVERVIEW
8.2 AUTOMOTIVE
8.3 AEROSPACE & DEFENSE
8.4 CONSTRUCTION EQUIPMENT
8.5 POWER & ENERGY
8.6 INDUSTRIAL
8.7 OTHERS

9 GLOBAL MACHINE TOOLS MARKET, BY GEOGRAPHY
9.1 OVERVIEW

9.2 NORTH AMERICA

9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO

9.3 EUROPE

9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3. 1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE

9.4 ASIA PACIFIC

9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC

9.5 MIDDLE EAST & AFRICA

9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA

9.6 SOUTH AMERICA

9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA

10 GLOBAL MACHINE TOOLS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES

11 COMPANY PROFILES

11.1 ACE MICROMATIC GROUP                    
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS

11.2 AMADA CO., LTD.
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS

11.3 CHIRON GROUP SE
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS

11.4 DMG MORI
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS

11.5 DOOSAN CORPORATION
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS

11.6 ELECTRONICA HITECH ENGINEERING PVT LTD
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS

11.7 FANUC ROBOTICS COMPANY
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS

11.8. GEORG FISCHER LTD.
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS

11.9 GLEASON CORPORATION
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS

11.10 HAAS AUTOMATION INDIA PVT. LTD
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS

11.11 HYUNDAI WIA CORP.
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS

11.12 JTEKT CORPORATION
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS

11.13 KOMATSU LTD.
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS

11.14 MAKINO MILLING MACHINE CO., LTD.
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS

11.15 OKUMA CORPORATION
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS

11.16 SCHULER AG
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS

11.17 SPINNER MACHINES TOOLS
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS