Machine Tools Market forecast - Latest Market Reports

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Machine Tools market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Machine Tools The report offers actionable and valuable market insights of Machine Tools. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Machine Tools Market across various industries and regions.

The global market for machine tools is estimated to witness slow growth over the next couple of years attributed to COVID-19 pandemic. The COVID-19 pandemic has had a swift and severe impact on the global machine tools market with significant disruption in imports from China. Riding on the back of the aforementioned trends, Fact.MR’s report estimates that global machine tools market will expand by 1.4X in terms of value and will grow at a CAGR of ~3.3% during the forecast period (2020-2030). The global machine tools market was valued at ~US$ 72 Bn at the end of 2019 and is anticipated to surpass US$ 99 Bn by the end of the forecast period 2020-2030. The Automotive & Transportation segment is estimated to be the most lucrative end use capturing 36% of the overall demand pie in the global machine tools market.

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Key Segments of the Machine Tools Market

Fact.MR’s study on the Machine Tools market offers information divided into three key segments-product type, end-use, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product Type

Metal Cutting
Machining Centres & Related
Laser, EDM, & Related
Lathes
Other Metal Cutting
Metal Forming
Presses
Punching & Shearing Machines
Bending & Forming Machine
Other Metal Forming

End-Use

Automotive & Transportation
Electrical & Electronics
Machinery
General Manufacturing & Others

Region

North America
Latin America
Europe
East Asia
South Asia
MEA

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New Product Launches: Key Growth Influencers in Machine Tools Market

The global market for machine tools is highly fragmented with the presence of a large number of local and regional players. The industry players are focusing on launching new products as per the dynamic industry needs as a key strategy to strengthen their market footprint and better serve the needs of consumers. For instance,

In 2020, Doosan Machine Tools came up with MP 6500 series product with a high precision vertical machining center for mold machining. This machine features enhanced stability and spindle rigidity to boost user convenience and improved quality
In 2020, Doosan Machine Tools introduced a new large-sized horizontal turning center. The newly developed product provides machining functions ranging from 2-Axis up to Y-axis machining which are suitable for machining large workpieces
In 2019, Makino Milling Machine Co., Ltd. has introduced a new Wire EDM machine – U 6 H.E.A.T. Extreme. The new wire coated technology increases rough machining rates up to 300% without increasing manufacturing costs

Key Takeaways of the Machine tools Market

Global machine tools market is expected to create an absolute $ opportunity of more than US$ 26 Bn and is anticipated to expand 1.4X from 2020 through 2030
Metal cutting machine tools are projected to surpass market valuation of US$ 94 Bn by the end of 2030
Electrical & Electronics end use segment is anticipated to grow, gaining 171 BPS over the course of forecast duration
South Asia is projected to grow 1.2X faster than East Asia. However, East Asia is estimated to account for major chunk of demand pie by the end of the forecast period
Automotive and transportation segment is projected to create an absolute $ opportunity of ~US$ 7.5 Bn between 2020 and 2030

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More Valuable Insights on Machine Tools Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Machine Tools, Sales and Demand of Machine Tools, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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