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Machine Tool Market Share

Report ID: GMI10239
Published Date: Jul 2024
Report Format: PDF

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Machine Tool Market Share

Global Global Machine Tool Company Market Share Analysis, 2023

With several key players competing for market share. Companies such as AMADA MACHINERY CO., LTD., DMG MORI CO., LTD., Makino Inc., JTEKT Machinery Americas Corporation and OKUMA AMERICA CORPORATION were among the prominent playrs in this market. They are expected to hold a market share of around 10% in 2023 in the global market. There are large number of players operating in the market. However, consumers are more inclined towards the branded and high-quality products across the world.

Machine Tool Market Share

Major key players profiled in the machine tool industry report include:

AMADA MACHINERY CO., LTD.
Amera-Seiki
CHIRON Group SE
Dalian Machine Tool Co., Ltd.
DATRON AG
DMG MORI CO., LTD.
DN SOLUTIONS
Georg Fischer Ltd.
Haas Automation, Inc
Hurco
HYUNDAI WIA
JTEKT Machinery Americas Corporation
Komatsu NTC.
Makino Inc.
OKUMA AMERICA CORPORATION

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of machine tool was reached USD 92.3 billion in 2023 and is anticipated to witness 6.9% CAGR from 2024 to 2032, due to rising usage to shape and cut metals through various processes, such as cutting, grinding, boring, drilling, extruding, and forging.

The automotive segment held 32% share of the machine tool market in 2023, led by significant adoption of new technologies and materials to improve vehicle performance, safety, and efficiency.

Asia Pacific region recorded 46% share of the machine tool market in 2023 and will grow at over 8% CAGR during 2024 to 2032, due to the expanding economy, particularly in China, India, Japan, and South Korea

AMADA MACHINERY CO., LTD., Amera-Seiki, CHIRON Group SE, Dalian Machine Tool Co., Ltd., DATRON AG, DMG MORI CO., LTD., HYUNDAI WIA, JTEKT Machinery Americas Corporation, Komatsu NTC., and Makino Inc., among others