Translation Error

The cutting machine segment generated over 62.7 billion in 2023.

The machine tool market was valued at USD 92.3 billion in 2023 and is expected to reach around 165.1 billion by 2032, growing at 6.9% CAGR through 2032.

Some of the major players in the machine tool industry include Amada Machinery, Amera-Seiki, Chiron Group, Dalian Machine Tool, Datron, Dmg Mori, Dn Solutions, Georg Fischer, Haas Automation, Hurco, Hyundai WIA, JTEKT Machinery.

The North America machine tool market was worth over 20.5 billion in 2023.