1	INTRODUCTION	30
1.1	STUDY OBJECTIVES	30
1.2	MARKET DEFINITION	31
TABLE 1	MACHINE TOOLS MARKET DEFINITION, BY PRODUCT TYPE	31
TABLE 2	MACHINE TOOLS MARKET DEFINITION, BY AUTOMATION	32
TABLE 3	MACHINE TOOLS MARKET DEFINITION, BY SALES CHANNEL	32
TABLE 4	MACHINE TOOLS MARKET DEFINITION, BY END USER INDUSTRY	32
1.2.1	INCLUSIONS AND EXCLUSIONS	33
TABLE 5	INCLUSIONS AND EXCLUSIONS FOR MACHINE TOOLS MARKET	33
1.3	MARKET SCOPE	34
1.3.1	MARKETS COVERED	34
FIGURE 1	MACHINE TOOLS MARKET SEGMENTATION	34
1.3.2	REGIONS COVERED	35
1.3.3	YEARS CONSIDERED	35
1.4	CURRENCY CONSIDERED	35
TABLE 6	CURRENCY EXCHANGE RATES (PER USD)	36
1.5	STAKEHOLDERS	36
1.6	SUMMARY OF CHANGES	36
2	RESEARCH METHODOLOGY	38
2.1	RESEARCH DATA	38
FIGURE 2	RESEARCH DESIGN	38
FIGURE 3	RESEARCH DESIGN MODEL	39
2.1.1	SECONDARY DATA	39
2.1.1.1	Key secondary sources	40
2.1.1.2	Key data from secondary sources	41
2.1.2	PRIMARY DATA	41
2.1.2.1	Key data from primary sources	42
TABLE 7	LIST OF PARTICIPATING COMPANIES FOR PRIMARY RESEARCH	43
FIGURE 4	BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION	43
2.1.2.2	List of primary participants	44
2.2	MARKET ESTIMATION METHODOLOGY	44
FIGURE 5	RESEARCH METHODOLOGY: HYPOTHESIS BUILDING	45
2.3	MARKET SIZE ESTIMATION	46
2.3.1	BOTTOM-UP APPROACH	46
FIGURE 6	MACHINE TOOLS MARKET: BOTTOM-UP APPROACH	46
2.3.2	TOP-DOWN APPROACH	47
FIGURE 7	MACHINE TOOLS MARKET: TOP-DOWN APPROACH	47
FIGURE 8	MACHINE TOOLS MARKET ESTIMATION NOTES	47
2.4	DATA TRIANGULATION	48
FIGURE 9	DATA TRIANGULATION	48
2.5	ANALYSIS OF FACTORS IMPACTING MACHINE TOOLS MARKET	49
2.5.1	FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES	50
2.6	RECESSION IMPACT ANALYSIS	50
2.7	RESEARCH ASSUMPTIONS	51
2.8	RESEARCH LIMITATIONS	52
3	EXECUTIVE SUMMARY	53
FIGURE 10	MACHINE TOOLS MARKET OVERVIEW	54
FIGURE 11	CNC MACHINE TOOLS SEGMENT TO HOLD LARGER MARKET SHARE THAN CONVENTIONAL MACHINE TOOLS SEGMENT FROM 2023 TO 2030	55
FIGURE 12	MILLING MACHINES SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD	55
FIGURE 13	AUTOMOTIVE AND TRANSPORTATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD	56
FIGURE 14	ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	57
4	PREMIUM INSIGHTS	58
4.1	ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MACHINE TOOLS MARKET	58
FIGURE 15	RISING DEMAND FOR MACHINE TOOLS IN ASIA PACIFIC TO DRIVE MARKET	58
4.2	MACHINE TOOLS MARKET, BY PRODUCT TYPE	58
FIGURE 16	MILLING MACHINES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	58
4.3	MACHINE TOOLS MARKET, BY AUTOMATION	59
FIGURE 17	CNC MACHINE TOOLS SEGMENT TO HOLD LARGER MARKET SHARE THAN CONVENTIONAL MACHINE TOOLS SEGMENT DURING FORECAST PERIOD	59
4.4	MACHINE TOOLS MARKET, BY SALES CHANNEL	59
FIGURE 18	DEALERS AND DISTRIBUTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	59
4.5	MACHINE TOOLS MARKET, BY END USER INDUSTRY	60
FIGURE 19	AUTOMOTIVE AND TRANSPORTATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	60
4.6	MACHINE TOOLS MARKET, BY REGION	60
FIGURE 20	ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	60
5	MARKET OVERVIEW	61
5.1	INTRODUCTION	61
5.2	MARKET DYNAMICS	62
FIGURE 21	MACHINE TOOLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	62
5.2.1	DRIVERS	62
5.2.1.1	Rising adoption of manufactured goods	62
FIGURE 22	MANUFACTURING INDUSTRY VALUE ADDED GROWTH, 2019–2023	63
5.2.1.2	Increasing demand for precision and efficiency	63
FIGURE 23	APPROACHES FOR INCREASING ENERGY EFFICIENCY OF MACHINE TOOLS	64
5.2.1.3	Increase in automobile production	64
FIGURE 24	VEHICLE PRODUCTION, 2020–2022	65
5.2.1.4	Growing focus on automation	65
5.2.2	RESTRAINTS	66
5.2.2.1	High initial investment costs	66
5.2.2.2	Rising popularity of electric vehicles	66
5.2.3	OPPORTUNITIES	66
5.2.3.1	Industry 4.0 and digitization	66
FIGURE 25	EVOLUTIONARY HISTORY OF INDUSTRIALIZATION AND MACHINE TOOLS	67
5.2.3.2	Increasing adoption of CNC technology	67
5.2.3.3	Rising implementation of adaptive machining	68
FIGURE 26	ADAPTIVE CONTROL SYSTEMS FOR MACHINE TOOLS	69
5.2.4	CHALLENGES	69
5.2.4.1	Absence of standardization in industrial communication protocols and interfaces	69
5.2.4.2	Lack of skilled workforce to operate automated machine tools	70
FIGURE 27	WORKFORCE SKILL GAP BETWEEN 2018 AND 2028	70
TABLE 8	IMPACT OF MARKET DYNAMICS	71
5.3	PRICING ANALYSIS	71
5.3.1	AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PRODUCT TYPE	71
TABLE 9	AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PRODUCT TYPE, 2023	72
5.3.2	AVERAGE SELLING PRICE TRENDS, BY REGION	72
TABLE 10	AVERAGE SELLING PRICE TRENDS, BY REGION, 2023	72
5.4	ECOSYSTEM ANALYSIS	73
FIGURE 28	ECOSYSTEM ANALYSIS	73
5.4.1	RAW MATERIAL SUPPLIERS	73
5.4.2	MACHINE TOOL COMPONENT MANUFACTURERS	73
5.4.3	CUTTING TOOL MANUFACTURERS	73
5.4.4	SOFTWARE AND DIGITIZATION PROVIDERS	74
5.4.5	MACHINE TOOL MANUFACTURERS	74
5.4.6	DISTRIBUTORS AND DEALERS	74
5.4.7	MAINTENANCE AND REPAIR SERVICE PROVIDERS	74
TABLE 11	ROLE OF COMPANIES IN ECOSYSTEM	74
5.5	VALUE CHAIN ANALYSIS	75
FIGURE 29	MACHINE TOOLS MARKET: VALU CHAIN ANALYSIS	76
5.6	CASE STUDY ANALYSIS	76
5.6.1	CIRCLE GMBH INSTALLED ROEDERS 5-AXIS MACHINING CENTER OF HURCO EUROPE TO PRODUCE MACHINE PROTOTYPES	76
5.6.2	JONES NUTTAL INSTALLED PRECISION CNC MACHINES TO IMPROVE OPERATIONAL EFFICIENCY AND RELIABILITY	77
5.6.3	P-Q CONTROLS, INC. USED DETRON NEO CNC MACHINE TO REDUCE OPERATING COSTS	77
5.6.4	HIGH-PRECISION SOLUTION FOR HYPERION MATERIALS & TECHNOLOGIES	78
5.6.5	CUSTOMIZED GRINDING MACHINES FOR MACHINING GEARS	78
5.6.6	HIGH-PRECISION GRINDING MACHINE FOR TURBO-COMPRESSORS FOR VARIOUS MODELS OF MARINE ENGINES	79
5.7	INVESTMENT AND FUNDING SCENARIOS	79
FIGURE 30	DEALS OF KEY PLAYERS, 2020–2023	79
TABLE 12	LIST OF FUNDING, 2021–2023	80
5.8	PATENT ANALYSIS	81
TABLE 13	PATENT ANALYSIS (ACTIVE PATENTS), 2022–2023	81
5.9	TECHNOLOGY ANALYSIS	86
5.9.1	INTRODUCTION	86
5.9.2	INCLUSION OF SMART FEATURES AND NETWORKS	86
FIGURE 31	SYSTEM ARCHITECTURE OF INTELLIGENT NUMERICAL CONTROLLER (INC)	87
5.9.3	AUTOMATED AND IOT-READY MACHINES	87
FIGURE 32	IOT FOR MACHINE TOOL MONITORING SOLUTIONS	88
5.9.4	CNC SOFTWARE ADVANCEMENTS IN MACHINE TOOLS INDUSTRY	88
5.9.5	ARTIFICIAL INTELLIGENCE IN MACHINE TOOLS	89
5.10	TARIFF AND REGULATORY LANDSCAPE	90
5.10.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	90
TABLE 14	NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	90
TABLE 15	EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	91
TABLE 16	ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	92
TABLE 17	REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	92
5.11	TRADE ANALYSIS	93
TABLE 18	IMPORT AND EXPORT DATA FOR PRODUCTS UNDER HS CODE 8459, BY KEY COUNTRY, 2022	93
5.12	KEY CONFERENCES AND EVENTS	94
TABLE 19	LIST OF KEY CONFERENCES AND EVENTS, 2024–2025	94
5.13	TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS	95
FIGURE 33	REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN MACHINE TOOLS MARKET	95
5.14	KEY STAKEHOLDERS AND BUYING CRITERIA	95
5.14.1	KEY STAKEHOLDERS IN BUYING PROCESS	96
FIGURE 34	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MACHINE TOOLS, BY PRODUCT TYPE	96
TABLE 20	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MACHINE TOOLS, BY PRODUCT TYPE	96
5.14.2	BUYING CRITERIA	96
FIGURE 35	KEY BUYING CRITERIA FOR MACHINE TOOLS, BY PRODUCT TYPE	96
TABLE 21	KEY BUYING CRITERIA FOR MACHINE TOOLS, BY PRODUCT TYPE	97
6	MACHINE TOOLS MARKET, BY PRODUCT TYPE	98
6.1	INTRODUCTION	99
FIGURE 36	MILLING MACHINES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	99
TABLE 22	MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2019–2022 (USD BILLION)	100
TABLE 23	MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2023–2030 (USD BILLION)	100
6.2	MILLING MACHINES	101
6.2.1	ADVANCEMENTS IN MILLING MACHINE TECHNOLOGY TO DRIVE MARKET	101
TABLE 24	MILLING MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	101
TABLE 25	MILLING MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	102
6.2.2	MILLING MACHINES MARKET, BY AXIS TYPE	102
6.2.2.1	Milling machines market, by 4-axis	102
6.2.2.2	Milling machines market, by 5-axis	103
TABLE 26	LIST OF 4 AND 5-AXIS MILLING MACHINES	103
TABLE 27	MILLING MACHINE TOOLS MARKET, BY AXIS TYPE, 2019–2022 (USD BILLION)	103
TABLE 28	MILLING MACHINE TOOLS MARKET, BY AXIS TYPE, 2023–2030 (USD BILLION)	104
6.2.3	UNIVERSAL MILLING MACHINES	104
6.2.4	MACHINING CENTERS	104
6.3	DRILLING MACHINES	105
6.3.1	RISING DEMAND FOR ACCURATE AND EFFICIENT DRILLING TO DRIVE MARKET	105
TABLE 29	DRILLING MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	105
TABLE 30	DRILLING MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	105
6.4	TURNING MACHINES	106
6.4.1	RISING DEMAND FOR ACCURACY AND VERSATILITY IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET	106
TABLE 31	TURNING MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	106
TABLE 32	TURNING MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	106
6.4.2	TURNING MACHINES MARKET, BY TYPE	107
6.4.2.1	Turning machines market, by Swiss-type	107
6.4.2.2	Turning machines market, by multi-spindle	107
TABLE 33	TURNING MACHINE TOOLS MARKET, BY TYPE, 2019–2022 (USD BILLION)	108
TABLE 34	TURNING MACHINE TOOLS MARKET, BY TYPE, 2023–2030 (USD BILLION)	108
6.4.3	UNIVERSAL TURNING MACHINES	108
6.5	GRINDING MACHINES	109
6.5.1	INCREASING DEMAND FOR PRECISION GRINDING OPERATIONS
TO DRIVE MARKET	109
TABLE 35	GRINDING MACHINE TOOLS MARKET, BY REGION,
2019–2022 (USD BILLION)	109
TABLE 36	GRINDING MACHINE TOOLS MARKET, BY REGION,
2023–2030 (USD BILLION)	109
6.6	ELECTRICAL DISCHARGE MACHINES	110
6.6.1	RISING DEMAND FOR ADVANCED MICRO EDM TECHNIQUES TO DRIVE MARKET	110
TABLE 37	ELECTRICAL DISCHARGE MACHINE TOOLS MARKET, BY REGION,
2019–2022 (USD BILLION)	110
TABLE 38	ELECTRICAL DISCHARGE MACHINE TOOLS MARKET, BY REGION,
2023–2030 (USD BILLION)	111
6.7	KEY PRIMARY INSIGHTS	111
7	MACHINE TOOLS MARKET, BY AUTOMATION	112
7.1	INTRODUCTION	113
FIGURE 37	CNC MACHINE TOOLS SEGMENT TO DOMINATE MARKET DURING
FORECAST PERIOD	113
TABLE 39	MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	114
TABLE 40	GLOBAL MACHINE TOOLS MARKET, BY AUTOMATION,
2023–2030 (USD BILLION)	114
7.2	CNC MACHINE TOOLS	114
7.2.1	RISING DEMAND FOR HIGH-QUALITY, COMPLEX COMPONENTS IN AEROSPACE AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET	114
TABLE 41	CNC MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	115
TABLE 42	CNC MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	115
7.3	CONVENTIONAL MACHINE TOOLS	116
7.3.1	LOWER INITIAL INVESTMENT AND OPERATIONAL COST TO DRIVE MARKET	116
TABLE 43	CONVENTIONAL MACHINE TOOLS MARKET, BY REGION,
2019–2022 (USD BILLION)	116
TABLE 44	CONVENTIONAL MACHINE TOOLS MARKET, BY REGION,
2023–2030 (USD BILLION)	116
7.4	KEY PRIMARY INSIGHTS	117
8	MACHINE TOOLS MARKET, BY SALES CHANNEL	118
8.1	INTRODUCTION	119
FIGURE 38	DEALERS AND DISTRIBUTORS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD	119
TABLE 45	MACHINE TOOLS MARKET, BY SALES CHANNEL, 2019–2022 (USD BILLION)	119
TABLE 46	MACHINE TOOLS MARKET, BY SALES CHANNEL, 2023–2030 (USD BILLION)	120
8.2	DIRECT SALES	120
8.2.1	GROWING DEMAND FOR CUSTOMIZATION AND AFTER-SALES SUPPORT TO DRIVE MARKET	120
TABLE 47	DIRECT SALES: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	120
TABLE 48	DIRECT SALES: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	121
 
8.3	EVENTS AND EXHIBITIONS	121
8.3.1	PRODUCT VISIBILITY AND PROMOTION FACTOR TO DRIVE MARKET	121
TABLE 49	EVENTS AND EXHIBITIONS: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	122
TABLE 50	EVENTS AND EXHIBITIONS: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	122
8.4	DEALERS AND DISTRIBUTORS	122
8.4.1	RISING DEMAND FOR AFTER-SALES SERVICE AND SUPPORT TO DRIVE MARKET	122
TABLE 51	DEALERS AND DISTRIBUTORS: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	123
TABLE 52	DEALERS AND DISTRIBUTORS: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	123
8.5	KEY PRIMARY INSIGHTS	124
9	MACHINE TOOLS MARKET, BY END USER INDUSTRY	125
9.1	INTRODUCTION	126
FIGURE 39	AUTOMOTIVE AND TRANSPORTATION SEGMENT TO LEAD MARKET FROM 2023 TO 2030	126
TABLE 53	MACHINE TOOLS MARKET, BY END USER INDUSTRY, 2019–2022 (USD BILLION)	126
TABLE 54	MACHINE TOOLS MARKET, BY END USER INDUSTRY, 2023–2030 (USD BILLION)	127
9.2	AEROSPACE	127
9.2.1	GROWING ADOPTION OF MACHINE TOOLS FOR PRECISE MANUFACTURING TO DRIVE MARKET	127
TABLE 55	AEROSPACE: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	128
TABLE 56	AEROSPACE: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	128
9.3	MEDICAL	128
9.3.1	RISING DEMAND FOR HIGHLY PRECISE MEDICAL DEVICES TO DRIVE MARKET	128
TABLE 57	MEDICAL: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	129
TABLE 58	MEDICAL: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	129
9.4	SEMICONDUCTOR	130
9.4.1	INCREASING DEMAND FOR MACHINE TOOLS IN DIE- AND WIRE-BONDING PROCESSES TO DRIVE MARKET	130
TABLE 59	SEMICONDUCTOR: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	130
TABLE 60	SEMICONDUCTOR: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	131
9.5	AUTOMOTIVE AND TRANSPORTATION	131
9.5.1	RISING FOCUS ON INCREASING MANUFACTURING EFFICIENCY DURING MASS PRODUCTION TO DRIVE MARKET	131
TABLE 61	AUTOMOTIVE AND TRANSPORTATION: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	132
TABLE 62	AUTOMOTIVE AND TRANSPORTATION: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	132
9.6	CAPITAL GOODS	132
9.6.1	RISING DEMAND FOR FABRICATED METAL PARTS TO DRIVE MARKET	132
TABLE 63	CAPITAL GOODS: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	133
TABLE 64	CAPITAL GOODS: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	133
9.7	ENERGY AND POWER	134
9.7.1	INCREASING DEMAND FOR EFFICIENT AND SUSTAINABLE ENERGY SOURCES TO DRIVE MARKET	134
TABLE 65	ENERGY AND POWER: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	134
TABLE 66	ENERGY AND POWER: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	134
9.8	SHEET METAL	135
9.8.1	INCREASING USE OF SHEET METAL IN MANUFACTURING AND GROWING EMPHASIS ON LIGHTWEIGHT MATERIALS TO DRIVE MARKET	135
TABLE 67	SHEET METAL: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	135
TABLE 68	SHEET METAL: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	136
9.9	OTHERS	136
TABLE 69	OTHERS: MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	136
TABLE 70	OTHERS: MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	137
9.10	KEY PRIMARY INSIGHTS	137
10	MACHINE TOOLS MARKET, BY REGION	138
10.1	INTRODUCTION	139
FIGURE 40	ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD	140
TABLE 71	MACHINE TOOLS MARKET, BY REGION, 2019–2022 (USD BILLION)	140
TABLE 72	MACHINE TOOLS MARKET, BY REGION, 2023–2030 (USD BILLION)	140
10.2	ASIA PACIFIC	141
10.2.1	ASIA PACIFIC: RECESSION IMPACT	142
FIGURE 41	ASIA PACIFIC: MACHINE TOOLS MARKET SNAPSHOT	143
TABLE 73	ASIA PACIFIC: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2022 (USD BILLION)	144
TABLE 74	ASIA PACIFIC: MACHINE TOOLS MARKET, BY COUNTRY, 2023–2030 (USD BILLION)	144
10.2.2	CHINA	145
10.2.2.1	Government-led initiatives to promote automation and advanced technologies to drive market	145
TABLE 75	CHINA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	146
TABLE 76	CHINA: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	146
10.2.3	JAPAN	147
10.2.3.1	Increasing production of high-precision components for automotive industry to support market growth	147
TABLE 77	JAPAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	147
TABLE 78	JAPAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	147
10.2.4	SOUTH KOREA	148
10.2.4.1	Rising demand for advanced machine tools to drive growth	148
FIGURE 42	MARKET SHARE OF LEADING MACHINE TOOL COMPANIES IN SOUTH KOREA, 2022	148
TABLE 79	SOUTH KOREA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	148
TABLE 80	SOUTH KOREA: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	149
10.2.5	INDIA	149
10.2.5.1	Rising economic growth and domestic investments to drive market	149
TABLE 81	INDIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	149
TABLE 82	INDIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	150
10.2.6	THAILAND	150
10.2.6.1	Rising government initiatives to drive market growth	150
TABLE 83	THAILAND: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	151
TABLE 84	THAILAND: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	151
10.2.7	TAIWAN	151
10.2.7.1	Rising investment in high-end equipment to drive market growth	151
TABLE 85	TAIWAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	152
TABLE 86	TAIWAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	152
10.2.8	VIETNAM	152
10.2.8.1	Rising economic growth and industrialization to boost demand for machine tools	152
TABLE 87	VIETNAM: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	153
TABLE 88	VIETNAM: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	153
10.2.9	MALAYSIA	153
10.2.9.1	Growth in key end-user industries to drive market growth	153
TABLE 89	MALAYSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	154
TABLE 90	MALAYSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	154
10.2.10	REST OF ASIA PACIFIC	154
TABLE 91	REST OF ASIA PACIFIC: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	154
TABLE 92	REST OF ASIA PACIFIC: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	155
10.3	EUROPE	155
10.3.1	EUROPE: RECESSION IMPACT	155
FIGURE 43	EUROPE: MACHINE TOOLS MARKET SNAPSHOT	156
TABLE 93	EUROPE: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2022 (USD BILLION)	157
TABLE 94	EUROPE: MACHINE TOOLS MARKET, BY COUNTRY, 2023–2030 (USD BILLION)	157
10.3.2	UK	158
10.3.2.1	Technological advancements in automotive industry to fuel adoption	158
TABLE 95	UK: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	158
TABLE 96	UK: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	159
10.3.3	GERMANY	159
10.3.3.1	Rising investments in advanced manufacturing processes to encourage market expansion	159
TABLE 97	GERMANY: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	159
TABLE 98	GERMANY: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	160
10.3.4	FRANCE	160
10.3.4.1	Foreign investments and government-led incentives in electric and hybrid vehicles to boost growth	160
TABLE 99	FRANCE: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	161
TABLE 100	FRANCE: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	161
10.3.5	ITALY	161
10.3.5.1	Rising government support to propel market	161
TABLE 101	ITALY: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	162
TABLE 102	ITALY: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	162
10.3.6	SPAIN	162
10.3.6.1	Rise in demand for advanced machine tools to spur growth	162
TABLE 103	SPAIN: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	162
TABLE 104	SPAIN: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	163
10.3.7	SWITZERLAND	163
10.3.7.1	Demand for high-precision components to boost Swiss CNC machines tools market	163
TABLE 105	SWITZERLAND: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	163
TABLE 106	SWITZERLAND: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	164
10.3.8	TURKEY	164
10.3.8.1	Metal fabrication and automotive & transportation industries to drive demand for Turkish CNC machine tools market	164
TABLE 107	TURKEY: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	164
TABLE 108	TURKEY: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	165
10.4	NORTH AMERICA	165
10.4.1	NORTH AMERICA: RECESSION IMPACT	166
FIGURE 44	NORTH AMERICA: MACHINE TOOLS MARKET SNAPSHOT	166
TABLE 109	NORTH AMERICA: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2022 (USD BILLION)	166
TABLE 110	NORTH AMERICA: MACHINE TOOLS MARKET, BY COUNTRY, 2023–2030 (USD BILLION)	167
10.4.2	US	167
10.4.2.1	Rising demand for industrial automation and technological advancements in manufacturing sector to propel market	167
TABLE 111	US: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	167
TABLE 112	US: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	168
10.4.3	CANADA	168
10.4.3.1	Increasing production of highly precise components in various industries to spur market expansion	168
TABLE 113	CANADA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	168
TABLE 114	CANADA: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	169
10.4.4	MEXICO	169
10.4.4.1	Rapid growth of automotive industry to drive market	169
TABLE 115	MEXICO: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	170
TABLE 116	MEXICO: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	170
10.5	REST OF THE WORLD	170
10.5.1	REST OF THE WORLD: RECESSION IMPACT	171
FIGURE 45	RUSSIA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD	171
TABLE 117	REST OF THE WORLD: MACHINE TOOLS MARKET, BY COUNTRY, 2019–2022 (USD BILLION)	171
TABLE 118	REST OF THE WORLD: MACHINE TOOLS MARKET, BY COUNTRY, 2023–2030 (USD BILLION)	172
10.5.2	RUSSIA	172
10.5.2.1	Decrease in import of necessary raw materials and finished machinery impacting the market growth	172
TABLE 119	RUSSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	172
TABLE 120	RUSSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	173
10.5.3	BRAZIL	173
10.5.3.1	Emergence in manufacturing sector to drive market	173
TABLE 121	BRAZIL: MACHINE TOOLS MARKET, BY AUTOMATION, 2019–2022 (USD BILLION)	173
TABLE 122	BRAZIL: MACHINE TOOLS MARKET, BY AUTOMATION, 2023–2030 (USD BILLION)	174
11	COMPETITIVE LANDSCAPE	175
11.1	OVERVIEW	175
11.2	KEY PLAYER STRATEGIES	175
TABLE 123	OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN MACHINE TOOLS MARKET	175
11.3	MARKET RANKING ANALYSIS	176
TABLE 124	MARKET RANKING ANALYSIS, 2023	176
11.3.1	MAKINO INC.	177
11.3.2	JTEKT CORPORATION	177
11.3.3	OKUMA CORPORATION	177
11.3.4	DMG MORI	177
11.3.5	DN SOLUTIONS	178
11.4	COMPANY VALUATION AND FINANCIAL METRICS	178
11.4.1	COMPANY VALUATION, 2023	178
FIGURE 46	COMPANY VALUATION, 2023	178
11.4.2	COMPANY FINANCIAL METRICS, 2023	178
FIGURE 47	COMPANY FINANCIAL METRICS, 2023	179
11.5	REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS	179
FIGURE 48	TOP PUBLIC/LISTED PLAYERS DOMINATING MACHINE TOOLS MARKET, 2018–2022	179
11.6	COMPETITIVE SCENARIO	180
11.6.1	NEW PRODUCT LAUNCHES/DEVELOPMENTS	180
TABLE 125	MACHINE TOOLS MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, MARCH 2021–OCTOBER 2023	180
11.6.2	DEALS	183
TABLE 126	MACHINE TOOLS MARKET: DEALS, APRIL 2021–SEPTEMBER 2023	183
11.6.3	EXPANSIONS	186
TABLE 127	MACHINE TOOLS MARKET: EXPANSIONS, JUNE 2021–NOVEMBER 2023	186
11.7	PRODUCT COMPARISON	187
TABLE 128	MACHINE TOOLS MARKET: PRODUCT COMPARISON	187
11.8	COMPANY EVALUATION MATRIX	188
11.8.1	STARS	188
11.8.2	EMERGING LEADERS	188
11.8.3	PERVASIVE PLAYERS	188
11.8.4	PARTICIPANTS	188
11.8.5	COMPANY FOOTPRINT	189
TABLE 129	MACHINE TOOLS MARKET: COMPANY FOOTPRINT, 2023	189
TABLE 130	MACHINE TOOLS MARKET: PRODUCT FOOTPRINT, 2023	190
TABLE 131	MACHINE TOOLS MARKET: REGIONAL FOOTPRINT, 2023	191
FIGURE 49	MACHINE TOOLS MARKET: COMPANY EVALUATION MATRIX, 2023	192
11.9	START-UP/SME EVALUATION MATRIX	192
11.9.1	PROGRESSIVE COMPANIES	192
11.9.2	RESPONSIVE COMPANIES	192
11.9.3	DYNAMIC COMPANIES	193
11.9.4	STARTING BLOCKS	193
11.9.5	COMPETITIVE BENCHMARKING	193
TABLE 132	MACHINE TOOLS MARKET: KEY START-UPS/SMES	193
TABLE 133	MACHINE TOOLS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	194
FIGURE 50	MACHINE TOOLS MARKET: START-UP/SME EVALUATION MATRIX, 2023	195
12	COMPANY PROFILES	196
12.1	KEY PLAYERS	196
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1	MAKINO INC.	196
TABLE 134	MAKINO INC.: COMPANY OVERVIEW	196
FIGURE 51	MAKINO INC.: COMPANY SNAPSHOT	197
TABLE 135	MAKINO INC.: PRODUCTS OFFERED	197
TABLE 136	MAKINO INC.: PRODUCT LAUNCHES/DEVELOPMENTS	198
TABLE 137	MAKINO INC.: DEALS	199
12.1.2	JTEKT CORPORATION	200
TABLE 138	JTEKT CORPORATION: COMPANY OVERVIEW	200
FIGURE 52	JTEKT CORPORATION: COMPANY SNAPSHOT	201
TABLE 139	JTEKT CORPORATION: PRODUCTS OFFERED	201
TABLE 140	JTEKT CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS	202
TABLE 141	JTEKT CORPORATION: DEALS	202
TABLE 142	JTEKT CORPORATION: EXPANSIONS	202
12.1.3	OKUMA CORPORATION	204
TABLE 143	OKUMA CORPORATION: COMPANY OVERVIEW	204
FIGURE 53	OKUMA CORPORATION: COMPANY SNAPSHOT	205
TABLE 144	OKUMA CORPORATION: PRODUCTS OFFERED	206
TABLE 145	OKUMA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS	206
TABLE 146	OKUMA CORPORATION: DEALS	207
12.1.4	DMG MORI	209
TABLE 147	DMG MORI: COMPANY OVERVIEW	209
FIGURE 54	DMG MORI: COMPANY SNAPSHOT	210
FIGURE 55	FINANCIAL PERFORMANCE TARGET FOR 2025 (USD BILLION)	210
TABLE 148	DMG MORI: PRODUCTS OFFERED	211
TABLE 149	DMG MORI: PRODUCT LAUNCHES/DEVELOPMENTS	212
TABLE 150	DMG MORI: DEALS	212
12.1.5	DN SOLUTIONS	214
TABLE 151	DN SOLUTIONS: COMPANY OVERVIEW	214
FIGURE 56	DN SOLUTIONS: COMPANY SNAPSHOT	215
TABLE 152	DN SOLUTIONS: PRODUCTS OFFERED	215
TABLE 153	DN SOLUTIONS: PRODUCT LAUNCHES/DEVELOPMENTS	216
TABLE 154	DN SOLUTIONS: DEALS	217
TABLE 155	DN SOLUTIONS: EXPANSIONS	217
12.1.6	GEORG FISCHER LTD.	219
TABLE 156	GEORG FISCHER LTD.: COMPANY OVERVIEW	219
FIGURE 57	GEORG FISCHER LTD.: COMPANY SNAPSHOT	220
TABLE 157	GEORG FISCHER LTD.: PRODUCTS OFFERED	220
TABLE 158	GEORG FISCHER LTD.: DEALS	221
TABLE 159	GEORG FISCHER LTD.: EXPANSIONS	221
12.1.7	AMADA CO., LTD.	222
TABLE 160	AMADA CO., LTD.: COMPANY OVERVIEW	222
FIGURE 58	AMADA CO., LTD.: COMPANY SNAPSHOT	223
FIGURE 59	AMADA CO., LTD.: COMPANY FOOTPRINT	224
TABLE 161	AMADA CO., LTD.: PRODUCTS OFFERED	224
TABLE 162	AMADA CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS	225
TABLE 163	AMADA CO., LTD.: DEALS	225
12.1.8	HYUNDAI WIA CORP.	226
TABLE 164	HYUNDAI WIA CORP.: COMPANY OVERVIEW	226
FIGURE 60	HYUNDAI WIA CORP.: COMPANY SNAPSHOT	227
FIGURE 61	HYUNDAI WIA CORP.: SHARE IN SOUTH KOREAN MACHINE TOOLS MARKET	227
TABLE 165	HYUNDAI WIA CORP.: PRODUCTS OFFERED	228
TABLE 166	HYUNDAI WIA CORP.: PRODUCT LAUNCHES/DEVELOPMENTS	228
TABLE 167	HYUNDAI WIA CORP.: DEALS	228
12.1.9	YAMAZAKI MAZAK CORPORATION	229
TABLE 168	YAMAZAKI MAZAK CORPORATION: COMPANY OVERVIEW	229
TABLE 169	YAMAZAKI MAZAK CORPORATION: PRODUCTS OFFERED	229
TABLE 170	YAMAZAKI MAZAK CORPORATION: EXPANSIONS	230
12.1.10	CHIRON GROUP SE	231
TABLE 171	CHIRON GROUP SE: COMPANY OVERVIEW	231
FIGURE 62	CHIRON GROUP SE: INCOMING ORDERS	231
TABLE 172	CHIRON GROUP SE: PRODUCTS OFFERED	232
TABLE 173	CHIRON GROUP SE: PRODUCT LAUNCHES/DEVELOPMENTS	232
TABLE 174	CHIRON GROUP SE: DEALS	233
12.1.11	KOMATSU NTC	234
TABLE 175	KOMATSU NTC: COMPANY OVERVIEW	234
FIGURE 63	KOMATSU NTC: COMPANY GEOGRAPHIC PRESENCE	234
TABLE 176	KOMATSU NTC: PRODUCTS OFFERED	235
TABLE 177	KOMATSU NTC: PRODUCT LAUNCHES/DEVELOPMENTS	235
12.1.12	HAAS AUTOMATION, INC.	236
TABLE 178	HAAS AUTOMATION, INC.: COMPANY OVERVIEW	236
TABLE 179	HAAS AUTOMATION, INC.: PRODUCTS OFFERED	236
12.1.13	GENERAL TECHNOLOGY GROUP DALIAN MACHINE TOOL CO., LTD.	238
TABLE 180	GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: COMPANY OVERVIEW	238
TABLE 181	GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCTS OFFERED	238
TABLE 182	GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS	239
TABLE 183	GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: EXPANSIONS	239
12.1.14	UNITED GRINDING GROUP	240
TABLE 184	UNITED GRINDING GROUP: COMPANY OVERVIEW	240
TABLE 185	UNITED GRINDING GROUP: PRODUCTS OFFERED	240
TABLE 186	UNITED GRINDING GROUP: EXPANSIONS	241
12.1.15	INDEX-WERKE GMBH & CO. KG HAHN & TESSKY	242
TABLE 187	INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: COMPANY OVERVIEW	242
TABLE 188	INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: PRODUCTS OFFERED	243
12.1.16	CITIZEN MACHINERY CO., LTD.	244
TABLE 189	CITIZEN MACHINERY CO., LTD.: COMPANY OVERVIEW	244
TABLE 190	CITIZEN MACHINERY CO., LTD.: PRODUCTS OFFERED	244
TABLE 191	CITIZEN MACHINERY CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS	245
12.2	OTHER PLAYERS	246
12.2.1	FFG EUROPEAN & AMERICAN HOLDINGS GMBH	246
TABLE 192	FFG EUROPEAN & AMERICAN HOLDINGS GMBH: COMPANY OVERVIEW	246
12.2.2	HMT MACHINE TOOLS LIMITED	247
TABLE 193	HMT MACHINE TOOLS LIMITED: COMPANY OVERVIEW	247
12.2.3	SPINNER WERKZEUGMASCHINENFABRIK GMBH	247
TABLE 194	SPINNER WERKZEUGMASCHINENFABRIK GMBH: COMPANY OVERVIEW	247
12.2.4	GLEASON CORPORATION	248
TABLE 195	GLEASON CORPORATION: COMPANY OVERVIEW	248
12.2.5	GROB-WERKE GMBH & CO. KG	248
TABLE 196	GROB-WERKE GMBH & CO. KG: COMPANY OVERVIEW	248
12.2.6	BLASER SWISSLUBE	249
TABLE 197	BLASER SWISSLUBE: COMPANY OVERVIEW	249
12.2.7	CASTROL LIMITED	250
TABLE 198	CASTROL LIMITED: COMPANY OVERVIEW	250
12.2.8	QUAKER HOUGHTON	251
TABLE 199	QUAKER HOUGHTON: COMPANY OVERVIEW	251
12.2.9	SCHULER AG	251
TABLE 200	SCHULER AG: COMPANY OVERVIEW	251
12.2.10	ELECTRONICA HI-TECH ENGINEERING PVT. LTD.	252
TABLE 201	ELECTRONICA HI-TECH ENGINEERING PVT. LTD.: COMPANY OVERVIEW	252
12.2.11	ACEMICROMATIC GROUP	252
TABLE 202	ACEMICROMATIC GROUP: COMPANY OVERVIEW	252
12.2.12	TUNGALOY CORPORATION	253
TABLE 203	TUNGALOY CORPORATION: COMPANY OVERVIEW	253
12.2.13	MACHINE TOOLS INDIA LIMITED	253
TABLE 204	MACHINE TOOLS INDIA LIMITED: COMPANY OVERVIEW	253
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13	RECOMMENDATIONS BY MARKETSANDMARKETS	254
13.1	RISING DEVELOPMENT OF CNC MACHINES IN MANUFACTURING PLANTS TO REDUCE OPERATING COSTS AND INCREASE PRODUCTION EFFICIENCY	254
13.2	ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD	254
13.3	RISING DEMAND FOR ADVANCED TURNING MACHINES TO DRIVE MARKET	255
13.4	CONCLUSION	255
14	APPENDIX	256
14.1	KEY INSIGHTS FROM INDUSTRY EXPERTS	256
14.2	DISCUSSION GUIDE	256
14.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	259
14.4	CUSTOMIZATION OPTIONS	261
14.4.1	ADDITIONAL COMPANY PROFILES (UP TO 5)	261
14.4.2	MACHINE TOOLS MARKET, BY END USER INDUSTRY, AT COUNTRY LEVEL	261
14.4.3	MACHINE TOOLS MARKET, BY AUTOMATION, AT COUNTRY LEVEL	261
14.5	RELATED REPORTS	261
14.6	AUTHOR DETAILS	262
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