Machine Tools Market by Type (CNC Lathes, CNC Milling Machine, CNC Drilling, CNC Boring Machine, CNC Grinder), Application (Machinery Manufacturing, Automobile, Aerospace & Defense), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027


The global machine tools market is anticipated to grow from USD 45.59 billion in 2019 and expected to reach USD 61.52 billion by 2027 at a CAGR of 3.81% during the forecast period 2020-2027.

Machine tools are the machines required for the processing of metal and other parts by the various processes such as cutting, milling, drilling, and other forms of shaping the material. These machines are operated either manually or automatically.

Increasing industrialization across the globe, have risen the demand for various metal tools, which is anticipated to drive the market growth over the forecast period. In addition to this, increasing smart city projects in multiple countries around the globe, further boosting the demand for machine tools. However, the high cost of these machine tools could limit the market growth in the upcoming years.

This study delivers a comprehensive analysis of type, application, and region. The type CNC lathes, CNC milling machine, CNC drilling, CNC boring machine, CNC grinder, and others. CNC grinder is projected to grow at the highest CAGR of .13% over the forecast period. The CNC grinder are the rotating grinding machine tools which are used for the removal of material from the metallic work piece. The demand for CNC grinding is increasing, as demand is growing for high material removal to improve the overall performance. Application segment includes machinery manufacturing, automobile, aerospace & defence, and others. The automobile segment accounted for the major market share of 37.25% in the year 2019. Machine tools are used for the shaping and processing the large number of components which is used in the automobile industry.

The machine tools market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific region dominated the global machine tools market and valued at USD 17.32 billion in the year 2019. The growth in the industrialization and various industry sectors such as the automotive sector across the region driving the growth of the market.

Some of the prominent players in the machine tools market are Doosan Machine Tools (Doosan), AMADA GmbH, Makino, JTEKT Corporation, GF Machining Solutions, DMG Mori Co., Ltd., Komatsu Ltd., Okuma Corporation, Hyundai WIA Corp., Chiron Group SE, Shenyang Machine Tool Co, Ltd, Yamazaki Mazak Corporation, Trumpf, and General Technology Group Dalian Machine Tool Corporation among others. Major players are continuously focusing on strategic partnerships, new developments, acquisitions, and venture capital investments to obtain high growth to gain a significant share in the market. For instance, in September 2019, Hyundai WIA Machine America Corp. announced the partnership with Technical Equipment, a division of Morris Group, Inc. to distribute and support the Hyundai WIA product line of CNC machine tools.

This study forecasts revenue growth at global, regional, and country levels from 2014 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Machine Tools Market Analysis And Forecast, By Type
    • CNC Lathes
    • CNC Milling Machine
    • CNC Drilling
    • CNC Boring Machine
    • CNC Grinder
    • Others
  • Global Machine Tools Market Analysis And Forecast, By Application
    • Machinery Manufacturing
    • Automobile
    • Aerospace & Defense
    • Others
  • Global Machine tools Market Analysis And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest of MEA

Chapter 1 Introduction 13
    1.1 Research Methodology 13
    1.2 FMR Desk Research 14
          1.2.1 FMR Data Synthesis 15
          1.2.2 Data Validation and Market Feedback 15
          1.2.3 FMR Data Sources 16

Chapter 2 Global Machine Tools Market Overview 18
    2.1 Industry Definition and Types 18
    2.2 Industry at a Glance:- 24

Chapter 3 World Market Competition Landscape 26
    3.1 Machine Tools Markets by regions 26
          3.1.1 NORTH AMERICA 26
          NORTH AMERICA Market Revenue and Growth Rate 26
          NORTH AMERICA Major Players Revenue in 2019 27
          3.1.2 EUROPE 28
          EUROPE Market Revenue and Growth Rate 28
          EUROPE Major Players Revenue in 2019 29
          3.1.3 ASIA PACIFIC 30
          ASIA PACIFIC Market Revenue and Growth Rate 30
          ASIA PACIFIC Major Players Revenue in 2019 31
          3.1.4 SOUTH AMERICA 32
          SOUTH AMERICA Market Revenue and Growth Rate 32
          SOUTH AMERICA Major Players Revenue in 2019 33
          3.1.5 MIDDLE EAST & AFRICA 34
          MIDDLE EAST & AFRICA Market Revenue and Growth Rate 34
          MIDDLE EAST & AFRICA Major Players Revenue in 2019 35
    3.2 World Machine Tools Market by Types 38
          3.2.1 CNC Lathes 38
          3.2.2 CNC Milling Machine 38
          3.2.3 CNC Drilling 39
          3.2.4 CNC Boring Machine 39
          3.2.5 CNC Grinder 39
    3.3 World Machine Tools Market by Applications 41
          3.3.1 Machinery manufacturing 41
          3.3.2 Automobile 41
          3.3.3 Aerospace & defense 42
          3.3.4 Others 42
          Wood Manufacturing 42
          Computer Parts and Components Manufacturing 42
          Electrical Industry 42
          Plastics Manufacturing 42
    3.4 World Machine Tools Market Analysis 45
          3.4.1 World Machine Tools Market Revenue and Growth Rate 2014-2019 45
          3.4.2 World Machine Tools Market Consumption and Growth Rate 2014-2019 45
          3.4.3 World Machine Tools Market Price (USD/Unit) Growth Rate 2014-2019 46

Chapter 4 World Machine Tools Market share 47
    4.1 World Sales Market share by Major Players 47
    4.2 World Revenue Market share by Major Players 48
    4.3 Major Regions Market share by Sales in 2019 49
    4.4 Major Regions Market share by Revenue in 2019 51
    4.5 Revenue (Million USD) and Market share By Types in 2019 53

Chapter 5 Supply Chain 55
    5.1 Industry Supply chain Analysis 55
          5.1.1 Global Machine Tools Industrial Chain Analysis 55
    5.2 Upstream Raw Materials Sourcing 56
          5.2.1 Key Raw Materials 57
          5.2.2 Key Suppliers of Raw Materials 58
    5.3 Proportion of Manufacturing Cost Structure 60
          5.3.1 Labor Cost Analysis 61
          USA Labor Cost Analysis 62

Chapter 6 Company Details (Foundation Year, Employee Strength and etc) 66
    6.1 Doosan Machine Tools (Doosan) 66
          6.1.1 Company Details 66
          6.1.2 Machine Tools Product Offered by Doosan Machine Tools 67
          6.1.3 Doosan Machine Tools Machine Tools Sales, Revenue, Price and Gross Margin (2014-2019) 68
    6.2 AMADA GmbH 69
          6.2.1 Company Details 69
          6.2.2 Machine Tools Product Offered by AMADA GmbH 70
          6.2.3 AMADA GmbH Machine Tools Sales, Revenue, Price and Gross Margin (2014-2019) 71
    6.3 Makino 72
          6.3.1 Company Details 72
          6.3.2 Machine Tools Product Offered by Makino 73
          6.3.3 Makino Machine Tools Sales, Revenue, Price and Gross Margin (2014-2019) 75
    6.4 JTEKT Corporation 76
          6.4.1 Company Details 76
          6.4.2 Machine Tools Product Offered by JTEKT Corporation 77
          6.4.3 JTEKT Corporation Machine Tools Sales, Revenue, Price and Gross Margin (2014-2019) 79
    6.5 GF Machining Solutions 80
          6.5.1 Company Details 80
          6.5.2 Machine Tools Product Offered by GF Machining Solutions 81
    6.6 DMG Mori Co., Ltd. 83
          6.6.1 Company Details 83
          6.6.2 Machine Tools Product Offered by DMG Mori Co., Ltd. 84
          6.6.3 DMG Mori Co., Ltd. Machine Tools Sales, Revenue, Price and Gross Margin (2014-2019) 86
    6.7 Komatsu Ltd. 87
          6.7.1 Company Details 87
          6.7.2 Machine Tools Product Offered by Komatsu Ltd. 88
    6.8 Okuma Corporation 89
          6.8.1 Company Details 89
          6.8.2 Machine Tools Product Offered by Okuma Corporation 90
    6.9 Hyundai WIA Corp. 92
          6.9.1 Company Details 92
          6.9.2 Machine Tools Product Offered by Hyundai WIA Corp. 93
    6.10 Chiron Group SE 95
          6.10.1 Company Details 95
          6.10.2 Machine Tools Product Offered by Chiron Group SE 96
    6.11 Shenyang Machine Tool Co,Ltd 97
          6.11.1 Company Details 97
          6.11.2 Machine Tools Product Offered by Shenyang Machine Tool Co,Ltd 98
    6.12 Yamazaki Mazak Corporation 99
          6.12.1 Company Details 99
          6.12.2 Machine Tools Product Offered by Yamazaki Mazak Corporation 101
          6.12.3 Mazak Corporation Machine Tools Sales, Revenue, Price and Gross Margin (2014-2019) 103
    6.13 Trumpf 103
          6.13.1 Company Details 103
          6.13.2 Machine Tools Product Offered by TRUMPF 104
    6.14 General Technology Group Dalian Machine Tool Corporation 106
          6.14.1 Company Details 106
          6.14.2 Machine Tools Product Offered by General Technology Group Dalian Machine Tool Corporation 108
    6.15 MAG IAS Gmbh 109
          6.15.1 Company Details 109
          6.15.2 Machine Tools Product Offered by MAG IAS Gmbh 110

Chapter 7 Globalization & Trade 112
    7.1 Marketing Channel 112
          7.1.1 Direct Marketing 114
          7.1.2 Indirect Marketing 115
    7.2 Market Positioning 117
          7.2.1 Marketing Channel Future Trend 117
          7.2.2 Pricing Strategy 118
          7.2.3 Brand Strategy 121
    7.3 Driving Factor 123
    7.4 Downstream Buyers 124

Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries 125
    8.1 USA 125
    8.2 Europe 125
    8.3 China 126
    8.4 Japan 126
    8.5 India 127
    8.6 Southeast Asia 127

Chapter 9 Global Machine Tools Market Forecast 128
    9.1 Global Machine Tools Demand by Regions Forecast through 2027 128
    9.2 Global Machine Tools Price (by Regions, Types, Applications) Analysis Forecast through 2027 129
    9.3 Global Machine Tools Revenue (by Regions, Types, Applications) Forecast through 2027 131
    9.4 Global Machine Tools Market Analysis 133
          9.4.1 World Machine Tools Market Revenue and Growth Rate 2019-2027 133
          9.4.2 World Machine Tools Market Consumption and Growth Rate 2019-2027 133
          9.4.3 World Machine Tools Market Price Analysis 2019-22027 133

Chapter 10 Key success factors and Market Conclusion 134


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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