Machine Tools Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global machine tools market reached a value of US$91 Billion in 2020. Looking forward, IMARC Group expects the market to reach US$123 Billion by 2021, exhibiting at a CAGR of 4.91% during 2022-2028.

Machine tools refer to power-driven metal cutting or forming equipments used for metals or other hard materials. There is a wide variety of machine tools available in the market ranging from small workbench mounted instruments to large devices which are used in modern industries.

Key Players

Yamazaki Mazak
Trumpf
Komatsu
JTEKT
AMADA
Doosan Machine Tools
DMG MORI
Okuma
HYUNDAI WIA

 

By Type

Machining Centers
Turning Machines
Grinding Machines
Electrical Discharge Machines

By Application
Machinery Manufacturing
Automobile
Aerospace & Defense
Others

 

Scope of the Report

The research study analyses the Machine Tools Market  from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by Machine Tools Market  Report

What was the Machine Tools Market    size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).

What will be the CAGR of the Machine Tools Market  during the forecast period (2022-2028)?

Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).

Which manufacturer/vendor/players in the Machine Tools Market    was the market leader in 2021?

Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.