工作機械市場 – 2032年までの世界予測

Machine Tools Market - Global Forecast To 2032

工作機械市場 - 製品タイプ(フライス盤、旋盤、研削盤、放電加工機、マシニングセンター)、自動化タイプ(CNC、従来型)、エンドユーザー産業、販売チャネル、地域別 - 2032年までの世界予測
Machine Tools Market by Product Type (Milling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machine, Machining Centers), Automation Type (CNC, Conventional), End-User Industry, Sales Channel, and Region - Global Forecast to 2032

商品番号 : SMB-81207

出版社MarketsandMarkets
出版年月2025年7月
ページ数261
図表数304
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、工作機械市場を製品タイプ(フライス盤、旋盤、研削盤、放電加工機、マシニングセンター、その他)、自動化タイプ(CNCおよび従来型)、販売チャネル(イベント・展示会、ディーラー・代理店、直接販売)、エンドユーザー産業(航空宇宙、医療、半導体、自動車・輸送、資本財、エネルギー・電力、板金、その他)、地域(北米、欧州、アジア太平洋、その他)別に分類しています。レポートでは、市場の成長に影響を与える推進要因、制約要因、課題、機会に関する詳細な情報を網羅しています。主要業界プレーヤーの詳細な分析により、事業概要、ソリューション・サービス、主要戦略、契約、パートナーシップ、合意、製品・サービスの発売、合併・買収、工作機械市場に関連する最近の動向に関する洞察を提供しています。また、本レポートでは、工作機械市場エコシステムにおける新興企業の競合分析も取り上げています。

The machine tools market is expected to grow from USD 81.09 billion in 2025 to USD 105.11 billion by 2032, registering a CAGR of 3.8%. The global market is experiencing steady growth, fueled by increasing demand from automotive, aerospace, electronics, energy, and heavy machinery sectors. As production processes become more complex and precision-driven, manufacturers are investing in advanced machine tools that enhance accuracy, productivity, and flexibility. Developing economies are also playing a significant role in market expansion, with countries like India, Vietnam, and Indonesia witnessing significant infrastructure development and rising domestic manufacturing. Moreover, reshoring efforts in North America and Europe encourage local production capabilities, boosting demand for metal-cutting and metal-forming machines.

工作機械市場は、2025年の810億9000万米ドルから2032年には1051億1000万米ドルに拡大し、年平均成長率(CAGR)3.8%を記録すると予測されています。世界市場は、自動車、航空宇宙、エレクトロニクス、エネルギー、重機セクターからの需要増加に支えられ、着実な成長を遂げています。生産プロセスがより複雑化し、精密さが求められるようになるにつれ、メーカーは精度、生産性、柔軟性を向上させる高度な工作機械への投資を進めています。新興国経済も市場拡大において重要な役割を果たしており、インド、ベトナム、インドネシアといった国々では、インフラ整備が著しく、国内製造業が成長しています。さらに、北米や欧州における国内回帰の取り組みは、現地生産能力の向上を促し、金属切削加工機や金属成形加工機の需要を押し上げています。

工作機械市場 - 2032年までの世界予測
machine-tools-market-new

“Automotive & transportation is expected to be the largest segment during the forecast period.”

Automotive manufacturing relies on the mass production of vehicles and components like engines, transmissions, chassis, and body parts. This demands a large number of CNC machines, lathes, milling machines, drilling machines, grinding machines, etc., to operate continuously and consistently at scale. The automotive & transportation sector continues to dominate the machine tools market, driven by rapid advancements in vehicle production, automation, and smart manufacturing technologies. Automakers are increasingly adopting CNC machines and robotic systems to achieve high-precision machining of complex components such as battery housings, electric drivetrains, and lightweight chassis. For instance, in March 2024, Mazak launched the INTEGREX i-500S AM, a hybrid multi-tasking machine tailored for automotive powertrain and transmission components, integrating additive and subtractive processes to enhance part complexity and reduce cycle time. Such developments will drive the market growth in the forecast period.

“Turning machines are expected to hold a significant share during the forecast period.”

Turning machines hold a prominent share in the machine tools market due to their critical role in producing cylindrical components with high precision across the automotive, aerospace, and medical device sectors. Their dominance is further bolstered by the surge in demand for CNC lathes capable of multi-tasking operations, including milling and drilling in a single setup, significantly reducing cycle time and enhancing productivity. In February 2025, DMG MORI unveiled the 6th Generation CTX 750|1250 turning machine at the World Premiere Open House. It features a maximum turning diameter of 700 mm and a turning length of up to 1,290 mm, enabling efficient heavy-duty machining for various complex workpieces. Both machines are equipped with Okuma’s new OSP-P500 CNC control, offering greater processing power with dual-core processors and embedded cybersecurity features to protect operations and data. Moreover, the adoption of automated bar feeders and robotic loading systems in modern turning machines aligns well with the trend toward lights-out manufacturing. These developments, combined with increased customization needs in high-mix, low-volume production, position turning machines as central to digitalized manufacturing ecosystems.

“China is expected to hold the highest share in Asia Pacific during the forecast period.”

China accounts for Asia Pacific’s highest share of the machine tools market. This dominance is driven by the country’s extensive manufacturing infrastructure, robust industrial base, and significant government support through various initiatives that aim to enhance manufacturing capabilities. The Chinese government has also introduced policies offering R&D tax deductions to qualified machine tool enterprises, intending to boost domestic innovation and reduce foreign dependence. China’s machine tool market is further dominated by several key manufacturers, including Dalian Machine Tool Group, Shenyang Machine Tool Co., Ltd., JIER Machine-Tool Group, Chongqing Machine Tool (Group) Co., Ltd, and Nantong Machine Tool Co., Ltd. These companies play a significant role in supplying equipment for automotive, aerospace, railways, energy, and general manufacturing sectors. For instance, in April 2025, Brother Industries, Ltd. announced the establishment of a new Technology Center in Tianjin through its subsidiary BROTHER MACHINERY SHANGHAI LTD., marking its sixth such facility in China with a machine tool showroom. The center will support machine tool sales by offering demonstrations, seminars, test processing, and service support.

Breakdown of Primaries:

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Machine Tools Manufacturers – 35%, Tier 1/Tier 2 – 41%, and End Users – 24%
  • By Designation: C Level – 60%, D Level – 10%, and Others – 30%
  • By Region: Asia Pacific-40%, Europe-30%, North America-20%, Rest of the World-10%

The machine tools market is dominated by major players, including Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), and DN Solutions (South Korea).

工作機械市場 - 2032年までの世界予測 ecosystem
machine-tools-market-ecosystem

The study includes an in-depth competitive analysis of these key players in the machine tools market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

This research report categorizes the machine tools market By Product Type (Milling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machine, Machining Centers, and Others), Automation Type (CNC and Conventional), Sales Channel (Events & Exhibitions, Dealers & Distributors, and Direct Sales), End-user Industry (Aerospace, Medical, Semiconductor, Automotive and Transportation, Capital Goods, Energy, and Power, Sheet Metals, and Others), and Region (North America, Europe, Asia Pacific, and Rest of the World). The scope of the report covers detailed information regarding drivers, restraints, challenges, and opportunities influencing the market growth. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions & services, key strategies, contracts, partnerships, agreements, product & service launches, mergers & acquisitions, and recent developments associated with the machine tools market. This report also covers a competitive analysis of upcoming start-ups in the machine tools market ecosystem.

Reasons to Buy this Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall machine tools market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (rising adoption of manufactured goods, increased demand for precision and efficiency, growing automobile production, heightened focus on automation), restraints (high initial investment), opportunities (Industry 4.0 and digitization, rapid adoption of CNC technology, rising implementation of adaptive machining), and challenges (absence of standardization in industrial communication protocols and interfaces, lack of skilled workforce to operate automated machine tools) influencing the growth of the machine tools market
  • Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the machine tools market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the machine tools market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the machine tools market

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), and DN Solutions (South Korea), and among others, in the machine tools market

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      28

1.4           CURRENCY CONSIDERED            28

1.5           STAKEHOLDERS               29

1.6           SUMMARY OF CHANGES               29

2               RESEARCH METHODOLOGY       31

2.1           RESEARCH DATA              31

2.1.1        SECONDARY DATA          32

2.1.1.1    List of secondary sources    33

2.1.1.2    Key data from secondary sources       34

2.1.2        PRIMARY DATA 34

2.1.2.1    Primary interviews: demand and supply sides 35

2.1.2.2    Breakdown of primary interviews      35

2.1.2.3    Primary participants             36

2.1.2.4    Objectives of primary research           36

2.2           MARKET SIZE ESTIMATION         36

2.2.1        BOTTOM-UP APPROACH              37

2.2.2        TOP-DOWN APPROACH                38

2.3           DATA TRIANGULATION                39

2.4           FACTOR ANALYSIS          42

2.5           RESEARCH ASSUMPTIONS           42

2.6           RESEARCH LIMITATIONS             43

2.7           RISK ASSESSMENT           44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MACHINE TOOLS MARKET          49

4.2           MACHINE TOOLS MARKET, BY PRODUCT TYPE 49

4.3           MACHINE TOOLS MARKET, BY AUTOMATION   50

4.4           MACHINE TOOLS MARKET, BY SALES CHANNEL                 50

4.5           MACHINE TOOLS MARKET, BY END-USER INDUSTRY                 51

4.6           MACHINE TOOLS MARKET, BY REGION 51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               53

5.2.1.1    Rising adoption of manufactured goods            53

5.2.1.2    Increased demand for precision and efficiency                54

5.2.1.3    Growing automobile production        55

5.2.1.4    Heightened focus on automation       55

5.2.2        RESTRAINTS      56

5.2.2.1    High initial investment        56

5.2.3        OPPORTUNITIES              56

5.2.3.1    Industry 4.0 and digitization               56

5.2.3.2    Rapid adoption of CNC technology  57

5.2.3.3    Increased implementation of adaptive machining           58

5.2.4        CHALLENGES    59

5.2.4.1    Absence of standardization in industrial communication protocols                 59

5.2.4.2    Lack of skilled workforce to operate automated machine tools                 59

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            61

5.4           PRICING ANALYSIS          61

5.4.1        AVERAGE SELLING PRICE OF MACHINE TOOLS OFFERED BY KEY PLAYERS          61

5.4.2        AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE                 62

5.4.3        AVERAGE SELLING PRICE TREND, BY REGION   63

5.5           ECOSYSTEM ANALYSIS  64

5.5.1        RAW MATERIAL SUPPLIERS         65

5.5.2        MACHINE TOOL COMPONENT MANUFACTURERS                 65

5.5.3        CUTTING TOOL MANUFACTURERS         65

5.5.4        SOFTWARE AND DIGITIZATION PROVIDERS      66

5.5.5        MACHINE TOOL MANUFACTURERS        66

5.5.6        DISTRIBUTORS AND DEALERS  66

5.5.7        MAINTENANCE AND REPAIR SERVICE PROVIDERS                 66

5.6           VALUE CHAIN ANALYSIS               67

5.7           CASE STUDY ANALYSIS 68

5.7.1        CIRCLE GMBH INSTALLED ROEDERS 5-AXIS MACHINING CENTER OF HURCO EUROPE TO PRODUCE MACHINE PROTOTYPES               68

5.7.2        JONES NUTTAL INSTALLED PRECISION CNC MACHINES TO IMPROVE OPERATIONAL EFFICIENCY AND RELIABILITY                 69

5.7.3        P-Q CONTROLS, INC. USED DETRON NEO CNC MACHINE TO REDUCE OPERATING COSTS          69

5.7.4        HYPERION MATERIALS & TECHNOLOGIES EMPLOYED HIGH-PRECISION SOLUTION FOR MANUFACTURING     70

5.7.5        GRUPOS DIFERENCIALES CUSTOMIZED GRINDING MACHINES FOR MACHINING GEARS       70

5.7.6        MAN DIESEL & TURBO INCORPORATED HIGH-PRECISION GRINDING MACHINE FOR TURBO-COMPRESSORS                 71

5.8           INVESTMENT AND FUNDING SCENARIO               71

5.9           PATENT ANALYSIS          73

5.10         IMPACT OF AI/GEN AI   75

5.11         TECHNOLOGY ANALYSIS             76

5.11.1      KEY TECHNOLOGIES     76

5.11.1.1  Smart features and networks               76

5.11.1.2  Automated and IoT-ready machines 77

5.11.2      COMPLEMENTARY TECHNOLOGIES       78

5.11.2.1  Advanced materials and cutting tool technology             78

5.11.2.2  Additive manufacturing integration  79

5.11.3      ADJACENT TECHNOLOGIES       79

5.11.3.1  Software and digital twin technology                 79

5.12         REGULATORY LANDSCAPE         79

5.13         TREND ANALYSIS             82

5.13.1      IMPORT SCENARIO (HS CODE 8458)        82

5.13.2      EXPORT SCENARIO (HS CODE 8458)        83

5.14         KEY CONFERENCES AND EVENTS, 2025–2026        84

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     85

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           85

5.15.2      BUYING CRITERIA           86

6               MACHINE TOOLS MARKET, BY PRODUCT TYPE 87

6.1           INTRODUCTION              88

6.2           MILLING MACHINES       90

6.2.1        FOCUS ON PROCESS AUTOMATION TO DRIVE MARKET                 90

6.2.2        MILLING MACHINES MARKET, BY AXIS TYPE      91

6.2.2.1    4-axis      91

6.2.2.2    5-axis      91

6.2.3        UNIVERSAL MILLING MACHINES              93

6.3           DRILLING MACHINES    93

6.3.1        RAPID INDUSTRIALIZATION AND INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET        93

6.4           TURNING MACHINES     94

6.4.1        DEMAND FOR ACCURACY AND VERSATILITY FROM AEROSPACE AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET               94

6.4.2        TURNING MACHINES MARKET, BY TYPE               95

6.4.2.1    Swiss-type              96

6.4.2.2    Multi-spindle        96

6.4.3        UNIVERSAL TURNING MACHINES            97

6.5           GRINDING MACHINES   97

6.5.1        NEED FOR COST-EFFECTIVE MACHINING SOLUTIONS TO DRIVE MARKET         97

6.6           ELECTRICAL DISCHARGE MACHINES     99

6.6.1        CONTINUOUS ADVANCEMENTS IN TECHNOLOGY TO DRIVE MARKET 99

6.7           MACHINING CENTERS  100

6.7.1        INCREASED ADOPTION OF AUTOMATION IN MANUFACTURING PROCESSES TO DRIVE MARKET          100

6.8           OTHERS                101

6.9           PRIMARY INSIGHTS        102

7               MACHINE TOOLS MARKET, BY AUTOMATION   103

7.1           INTRODUCTION              104

7.2           CNC MACHINE TOOLS  105

7.2.1        CUSTOMIZATION DEMANDS FROM DIVERSE INDUSTRIES TO DRIVE MARKET               105

7.3           CONVENTIONAL MACHINE TOOLS         107

7.3.1        LOWER CAPITAL INVESTMENT AND EASE OF OPERATION TO DRIVE MARKET               107

7.4           PRIMARY INSIGHTS        108

8               MACHINE TOOLS MARKET, BY SALES CHANNEL                 109

8.1           INTRODUCTION              110

8.2           DIRECT SALES   111

8.2.1        DEMAND FOR TAILORED SOLUTIONS AND QUICKER FEEDBACK LOOPS TO DRIVE MARKET  111

8.3           EVENTS & EXHIBITIONS               112

8.3.1        UNTAPPED NETWORKING AND EXPANSION POTENTIAL TO DRIVE MARKET                112

8.4           DEALERS & DISTRIBUTORS         113

8.4.1        STRONG LOCAL MARKET ACCESS TO DRIVE MARKET                 113

8.5           PRIMARY INSIGHTS        114

9               MACHINE TOOLS MARKET, BY END-USER INDUSTRY                 115

9.1           INTRODUCTION              116

9.2           AEROSPACE       117

9.2.1        GROWING RELIANCE ON HIGH-PRECISION COMPONENTS TO DRIVE MARKET          117

9.3           MEDICAL             118

9.3.1        INCREASED PREFERENCE FOR PRECISION MEDICAL DEVICES AND BIOCOMPATIBLE MATERIALS TO DRIVE MARKET                 118

9.4           SEMICONDUCTOR          120

9.4.1        HIGH DEMAND FOR MACHINE TOOLS IN DIE AND WIRE BONDING PROCESSES TO DRIVE MARKET           120

9.5           AUTOMOTIVE & TRANSPORTATION      121

9.5.1        EMPHASIS ON INCREASING MANUFACTURING EFFICIENCY DURING MASS PRODUCTION TO DRIVE MARKET                 121

9.6           CAPITAL GOODS              122

9.6.1        HEIGHTENED DEMAND FOR FABRICATED METAL PARTS TO DRIVE MARKET           122

9.7           ENERGY & POWER           123

9.7.1        EXTENSIVE USE IN MANUFACTURING LARGE, HIGH-PRECISION COMPONENTS TO DRIVE MARKET  123

9.8           SHEET METAL   125

9.8.1        IMPROVED THROUGHPUT AND DECREASED DOWNTIME WITH INDUSTRY

4.0 FEATURES TO DRIVE MARKET             125

9.9           OTHERS                126

9.10         PRIMARY INSIGHTS        127

10            MACHINE TOOLS MARKET, BY REGION 128

10.1         INTRODUCTION              129

10.2         ASIA PACIFIC     131

10.2.1      MACROECONOMIC OUTLOOK  131

10.2.2      CHINA  137

10.2.2.1  Government-led initiatives for automation to drive market                 137

10.2.3      JAPAN   138

10.2.3.1  Increased production of precision components for automotive industry to drive market      138

10.2.4      SOUTH KOREA  139

10.2.4.1  Elevated demand for advanced machine tools to drive market                 139

10.2.5      INDIA    140

10.2.5.1  Anticipated growth in high-end machine tool manufacturing to drive market          140

10.2.6      THAILAND          142

10.2.6.1  Large-scale automobile production to drive market       142

10.2.7      TAIWAN               142

10.2.7.1  Shift toward smart manufacturing to drive market         142

10.2.8      VIETNAM             143

10.2.8.1  Increased foreign investments to drive market                143

10.2.9      MALAYSIA           144

10.2.9.1  Surge in demand from key end-user industries to drive market                 144

10.2.10   REST OF ASIA PACIFIC   145

10.3         EUROPE               146

10.3.1      MACROECONOMIC OUTLOOK  146

10.3.2      UK          152

10.3.2.1  Technological developments in automotive industry to drive market    152

10.3.3      GERMANY           153

10.3.3.1  Growing investments in advanced manufacturing processes to drive market          153

10.3.4      FRANCE                154

10.3.4.1  Foreign investments and government incentives in electric and hybrid vehicles to drive market           154

10.3.5      ITALY    155

10.3.5.1  Government support for machine tool manufacturing to drive market    155

10.3.6      SPAIN    156

10.3.6.1  Emphasis on cutting-edge technology to drive market  156

10.3.7      SWITZERLAND 157

10.3.7.1  Robust industrial environment to drive market               157

10.3.8      TURKEY                158

10.3.8.1  Strategic shift toward export-driven manufacturing to drive market    158

10.4         NORTH AMERICA             159

10.4.1      MACROECONOMIC OUTLOOK  159

10.4.2      US           163

10.4.2.1  Increased funding for smart machining solutions by local and global players to drive market             163

10.4.3      CANADA               164

10.4.3.1  New product launches and advanced manufacturing facilities to drive market          164

10.4.4      MEXICO                165

10.4.4.1  Booming automotive industry to drive market                 165

10.5         REST OF THE WORLD    166

10.5.1      MACROECONOMIC OUTLOOK  166

10.5.2      RUSSIA 169

10.5.2.1  Push toward modernization and self-reliance to drive market                 169

10.5.3      BRAZIL 170

10.5.3.1  Ongoing modernization of domestic manufacturing sector to drive market          170

11            COMPETITIVE LANDSCAPE         172

11.1         INTRODUCTION              172

11.2         KEY PLAYERS STRATEGIES/RIGHT TO WIN, 2021–2025                 172

11.3         MARKET SHARE ANALYSIS, 2024                 174

11.4         REVENUE ANALYSIS, 2020–2024  176

11.5         COMPANY VALUATION AND FINANCIAL METRICS                 176

11.6         BRAND/PRODUCT COMPARISON             177

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 178

11.7.1      STARS   179

11.7.2      EMERGING LEADERS     179

11.7.3      PERVASIVE PLAYERS      179

11.7.4      PARTICIPANTS 179

11.7.5      COMPANY FOOTPRINT 181

11.7.5.1  Company footprint               181

11.7.5.2  Region footprint   181

11.7.5.3  Product type footprint         182

11.7.5.4  Sales channel footprint        182

11.8         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        183

11.8.1      PROGRESSIVE COMPANIES         183

11.8.2      RESPONSIVE COMPANIES            183

11.8.3      DYNAMIC COMPANIES  183

11.8.4      STARTING BLOCKS         183

11.8.5      COMPETITIVE BENCHMARKING               185

11.8.5.1  List of start-ups/SMEs        185

11.8.5.2  Competitive benchmarking of start-ups/SMEs               185

11.9         COMPETITIVE SCENARIO             186

11.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               186

11.9.2      DEALS  187

11.9.3      EXPANSIONS     188

12            COMPANY PROFILES      189

12.1         KEY PLAYERS     189

12.1.1      MAKINO INC.     189

12.1.1.1  Business overview 189

12.1.1.2  Products offered   190

12.1.1.3  Recent developments           191

12.1.1.3.1                Product launches/developments        191

12.1.1.3.2                Deals      192

12.1.1.3.3                Expansions             193

12.1.1.4  MnM view              194

12.1.1.4.1                Key strengths        194

12.1.1.4.2                Strategic choices   194

12.1.1.4.3                Weaknesses and competitive threats 194

12.1.2      JTEKT CORPORATION   195

12.1.2.1  Business overview 195

12.1.2.2  Products offered   196

12.1.2.3  Recent developments           197

12.1.2.3.1                Product launches/developments        197

12.1.2.3.2                Deals      198

12.1.2.3.3                Expansions             198

12.1.2.3.4                Other developments             198

12.1.2.4  MnM view              199

12.1.2.4.1                Key strengths        199

12.1.2.4.2                Strategic choices   199

12.1.2.4.3                Weaknesses and competitive threats 199

12.1.3      OKUMA CORPORATION                200

12.1.3.1  Business overview 200

12.1.3.2  Products offered   201

12.1.3.3  Recent developments           202

12.1.3.3.1                Product launches/developments        202

12.1.3.3.2                Deals      203

12.1.3.3.3                Others developments           203

12.1.3.4  MnM view              204

12.1.3.4.1                Key strengths        204

12.1.3.4.2                Strategic choices   204

12.1.3.4.3                Weaknesses and competitive threats 204

12.1.4      DMG MORI          205

12.1.4.1  Business overview 205

12.1.4.2  Products offered   206

12.1.4.3  Recent developments           206

12.1.4.3.1                Product launches/developments        206

12.1.4.3.2                Deals      207

12.1.4.3.3                Expansions             208

12.1.4.3.4                Other developments             209

12.1.4.4  MnM view              209

12.1.4.4.1                Key strengths        209

12.1.4.4.2                Strategic choices   209

12.1.4.4.3                Weaknesses and competitive threats 209

12.1.5      DN SOLUTIONS                210

12.1.5.1  Business overview 210

12.1.5.2  Products offered   212

12.1.5.3  Recent developments           212

12.1.5.3.1                Product launches/developments        212

12.1.5.3.2                Deals      214

12.1.5.3.3                Expansions             215

12.1.5.3.4                Other developments             215

12.1.5.4  MnM view              215

12.1.5.4.1                Key strengths        215

12.1.5.4.2                Strategic choices   215

12.1.5.4.3                Weaknesses and competitive threats 215

12.1.6      AMADA CO., LTD.            216

12.1.6.1  Business overview 216

12.1.6.2  Products offered   217

12.1.6.3  Recent developments           218

12.1.6.3.1                Product launches/developments        218

12.1.6.3.2                Deals      218

12.1.6.3.3                Other developments             219

12.1.7      YAMAZAKI MAZAK CORPORATION          220

12.1.7.1  Business overview 220

12.1.7.2  Products offered   221

12.1.7.3  Recent developments           222

12.1.7.3.1                Product launches/developments        222

12.1.7.3.2                Expansions             222

12.1.8      CHIRON GROUP SE         223

12.1.8.1  Business overview 223

12.1.8.2  Products offered   223

12.1.8.3  Recent developments           224

12.1.8.3.1                Product launches/developments        224

12.1.8.3.2                Deals      224

12.1.9      KOMATSU NTC 225

12.1.9.1  Business overview 225

12.1.9.2  Products offered   226

12.1.9.3  Recent developments           226

12.1.9.3.1                Product launches/developments        226

12.1.10   HAAS AUTOMATION, INC.           227

12.1.10.1                 Business overview 227

12.1.10.2                 Products offered   227

12.1.11   GENERAL TECHNOLOGY GROUP DALIAN MACHINE TOOL CO., LTD.                228

12.1.11.1                 Business overview 228

12.1.11.2                 Products offered   228

12.1.11.3                 Recent developments           229

12.1.11.3.1             Product launches/developments        229

12.1.11.3.2             Expansions             229

12.1.12   UNITED GRINDING GROUP         230

12.1.12.1                 Business overview 230

12.1.12.2                 Products offered   230

12.1.12.3                 Recent developments           231

12.1.12.3.1             Deals      231

12.1.12.3.2             Expansions             231

12.1.13   INDEX-WERKE GMBH & CO. KG HAHN & TESSKY                 232

12.1.13.1                 Business overview 232

12.1.13.2                 Products offered   232

12.1.13.3                 Recent developments           233

12.1.13.3.1             Product launches/developments        233

12.1.14   CITIZEN MACHINERY CO., LTD.                 234

12.1.14.1                 Business overview 234

12.1.14.2                 Products offered   235

12.1.14.3                 Recent developments           235

12.1.14.3.1             Product launches/developments        235

12.1.15   EMAG GMBH & CO. KG  236

12.1.15.1                 Business overview 236

12.1.15.2                 Products offered   236

12.1.15.3                 Recent developments           237

12.1.15.3.1             Product launches/developments        237

12.1.15.3.2             Deals      237

12.1.16   SHENYANG MACHINE TOOL CO., LTD.  238

12.1.16.1                 Business overview 238

12.1.16.2                 Products offered   238

12.1.16.3                 Recent developments           239

12.1.16.3.1             Product launches/developments        239

12.1.16.3.2             Deals      239

12.2         OTHER PLAYERS              240

12.2.1      FFG EUROPEAN & AMERICAN HOLDINGS GMBH                 240

12.2.2      HMT MACHINE TOOLS LIMITED               241

12.2.3      SPINNER WERKZEUGMASCHINENFABRIK GMBH                 241

12.2.4      GLEASON CORPORATION            242

12.2.5      GROB-WERKE GMBH & CO. KG  242

12.2.6      BLASER SWISSLUBE        243

12.2.7      CASTROL LIMITED          244

12.2.8      QUAKER HOUGHTON    245

12.2.9      SCHULER AG      245

12.2.10   ELECTRONICA HI-TECH ENGINEERING PVT. LTD.                 246

12.2.11   ACEMICROMATIC GROUP            246

12.2.12   TUNGALOY CORPORATION        247

12.2.13   MACHINE TOOLS INDIA LIMITED            247

12.2.14   ISEMBARD MACHINE TOOLS      248

12.2.15   MANUKAI AG     249

12.2.16   IPERCEPT TECHNOLOGY             250

12.2.17   AUGURY LTD.   251

13            RECOMMENDATIONS BY MARKETSANDMARKETS                 252

13.1         GROWING DEVELOPMENT OF CNC MACHINES IN MANUFACTURING PLANTS TO REDUCE OPERATING COSTS AND INCREASE PRODUCTION EFFICIENCY         252

13.2         ASIA PACIFIC TO GROW RAPIDLY DURING FORECAST PERIOD                252

13.3         RISING DEMAND FOR MACHINING CENTERS     253

13.4         CONCLUSION    253

14            APPENDIX           254

14.1         INSIGHTS FROM INDUSTRY EXPERTS     254

14.2         DISCUSSION GUIDE        254

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                257

14.4         CUSTOMIZATION OPTIONS        259

14.4.1      COMPANY PROFILE        259

14.4.2      MACHINE TOOLS MARKET, BY PRODUCT TYPE, AT COUNTRY LEVEL             259

14.4.3      MACHINE TOOLS MARKET, BY END-USER INDUSTRY, AT COUNTRY LEVEL      259

14.5         RELATED REPORTS         259

14.6         AUTHOR DETAILS           260

LIST OF TABLES

TABLE 1                MACHINE TOOLS MARKET DEFINITION, BY PRODUCT TYPE                24

TABLE 2                MACHINE TOOLS MARKET DEFINITION, BY AUTOMATION  25

TABLE 3                MACHINE TOOLS MARKET DEFINITION, BY SALES CHANNEL               25

TABLE 4                MACHINE TOOLS MARKET DEFINITION, BY END-USER INDUSTRY    25

TABLE 5                CURRENCY EXCHANGE RATES (PER USD)                 28

TABLE 6                IMPACT OF MARKET DYNAMICS               60

TABLE 7                AVERAGE SELLING PRICE OF MACHINE TOOLS OFFERED BY KEY PLAYERS,

2024 (USD)          62

TABLE 8                AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY PRODUCT TYPE,

2022–2024 (USD)                63

TABLE 9                AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY REGION,

2022–2024 (USD)                64

TABLE 10              ROLE OF COMPANIES IN ECOSYSTEM    66

TABLE 11              LIST OF FUNDINGS, 2021–2024    72

TABLE 12              PATENT ANALYSIS          73

TABLE 13              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 14              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 15              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

TABLE 16              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

TABLE 17              IMPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            82

TABLE 18              EXPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            84

TABLE 19              KEY CONFERENCES AND EVENTS, 2025–2026                 85

TABLE 20              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PRODUCT TYPE    86

TABLE 21              KEY BUYING CRITERIA, BY PRODUCT TYPE                 86

TABLE 22              MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2021–2024 (USD BILLION)             89

TABLE 23              MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2025–2032 (USD BILLION)             89

TABLE 24              MILLING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           90

TABLE 25              MILLING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           90

TABLE 26              LIST OF 4 AND 5-AXIS MILLING MACHINES                 92

TABLE 27              MILLING MACHINE TOOLS MARKET, BY AXIS TYPE, 2021–2024 (USD BILLION) 92

TABLE 28              MILLING MACHINE TOOLS MARKET, BY AXIS TYPE, 2025–2032 (USD BILLION) 92

TABLE 29              DRILLING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           93

TABLE 30              DRILLING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           94

TABLE 31              TURNING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           95

TABLE 32              TURNING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           95

TABLE 33              TURNING MACHINE TOOLS MARKET, BY TYPE, 2021–2024 (USD BILLION)             96

TABLE 34              TURNING MACHINE TOOLS MARKET, BY TYPE, 2025–2032 (USD BILLION)             97

TABLE 35              GRINDING MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           98

TABLE 36              GRINDING MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           98

TABLE 37              ELECTRICAL DISCHARGE MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             99

TABLE 38              ELECTRICAL DISCHARGE MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             99

TABLE 39              MACHINING CENTER TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           100

TABLE 40              MACHINING CENTER TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           100

TABLE 41              OTHER MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)             101

TABLE 42              OTHER MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)             101

TABLE 43              MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             104

TABLE 44              MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             105

TABLE 45              CNC MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)             106

TABLE 46              CNC MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)             106

TABLE 47              CONVENTIONAL MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             107

TABLE 48              CONVENTIONAL MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             107

TABLE 49              MACHINE TOOLS MARKET, BY SALES CHANNEL, 2021–2024 (USD BILLION)             110

TABLE 50              MACHINE TOOLS MARKET, BY SALES CHANNEL, 2025–2032 (USD BILLION)             110

TABLE 51              DIRECT SALES: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           111

TABLE 52              DIRECT SALES: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           111

TABLE 53              EVENTS & EXHIBITIONS: MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             112

TABLE 54              EVENTS & EXHIBITIONS: MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             113

TABLE 55              DEALERS & DISTRIBUTORS: MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             114

TABLE 56              DEALERS & DISTRIBUTORS: MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             114

TABLE 57              MACHINE TOOLS MARKET, BY END-USER INDUSTRY, 2021–2024 (USD BILLION)     116

TABLE 58              MACHINE TOOLS MARKET, BY END-USER INDUSTRY, 2025–2032 (USD BILLION)     117

TABLE 59              AEROSPACE: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           118

TABLE 60              AEROSPACE: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           118

TABLE 61              MEDICAL: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           119

TABLE 62              MEDICAL: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           119

TABLE 63              SEMICONDUCTOR: MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             120

TABLE 64              SEMICONDUCTOR: MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             120

TABLE 65              AUTOMOTIVE & TRANSPORTATION: MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             121

TABLE 66              AUTOMOTIVE & TRANSPORTATION: MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             122

TABLE 67              CAPITAL GOODS: MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             123

TABLE 68              CAPITAL GOODS: MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             123

TABLE 69              ENERGY & POWER: MACHINE TOOLS MARKET, BY REGION,

2021–2024 (USD BILLION)             124

TABLE 70              ENERGY & POWER: MACHINE TOOLS MARKET, BY REGION,

2025–2032 (USD BILLION)             124

TABLE 71              SHEET METAL: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           125

TABLE 72              SHEET METAL: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           125

TABLE 73              OTHERS: MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)           126

TABLE 74              OTHERS: MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)           127

TABLE 75              MACHINE TOOLS MARKET, BY REGION, 2021–2024 (USD BILLION)        130

TABLE 76              MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)        130

TABLE 77              ASIA PACIFIC: MACHINE TOOLS MARKET, BY COUNTRY, 2021–2024 (USD BILLION)      136

TABLE 78              ASIA PACIFIC: MACHINE TOOLS MARKET, BY COUNTRY, 2025–2032 (USD BILLION)      136

TABLE 79              CHINA: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             137

TABLE 80              CHINA: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             137

TABLE 81              JAPAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             138

TABLE 82              JAPAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             139

TABLE 83              SOUTH KOREA: MACHINE TOOLS MARKET, BY AUTOMATION,

2021–2024 (USD BILLION)             140

TABLE 84              SOUTH KOREA: MACHINE TOOLS MARKET, BY AUTOMATION,

2025–2032 (USD BILLION)             140

TABLE 85              INDIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             141

TABLE 86              INDIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             141

TABLE 87              THAILAND: MACHINE TOOLS MARKET, BY AUTOMATION,

2021–2024 (USD BILLION)             142

TABLE 88              THAILAND: MACHINE TOOLS MARKET, BY AUTOMATION,

2025–2032 (USD BILLION)             142

TABLE 89              TAIWAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             143

TABLE 90              TAIWAN: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             143

TABLE 91              VIETNAM: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             144

TABLE 92              VIETNAM: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             144

TABLE 93              MALAYSIA: MACHINE TOOLS MARKET, BY AUTOMATION,

2021–2024 (USD BILLION)             144

TABLE 94              MALAYSIA: MACHINE TOOLS MARKET, BY AUTOMATION,

2025–2032 (USD BILLION)             145

TABLE 95              REST OF ASIA PACIFIC: MACHINE TOOLS MARKET, BY AUTOMATION,

2021–2024 (USD BILLION)             145

TABLE 96              REST OF ASIA PACIFIC: MACHINE TOOLS MARKET, BY AUTOMATION,

2025–2032 (USD BILLION)             145

TABLE 97              EUROPE: MACHINE TOOLS MARKET, BY COUNTRY, 2021–2024 (USD BILLION)      151

TABLE 98              EUROPE: MACHINE TOOLS MARKET, BY COUNTRY, 2025–2032 (USD BILLION)      151

TABLE 99              UK: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             152

TABLE 100            UK: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             152

TABLE 101            GERMANY: MACHINE TOOLS MARKET, BY AUTOMATION,

2021–2024 (USD BILLION)             153

TABLE 102            GERMANY: MACHINE TOOLS MARKET, BY AUTOMATION,

2025–2032 (USD BILLION)             153

TABLE 103            FRANCE: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             154

TABLE 104            FRANCE: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             155

TABLE 105            ITALY: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             155

TABLE 106            ITALY: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             156

TABLE 107            SPAIN: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             156

TABLE 108            SPAIN: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             156

TABLE 109            SWITZERLAND: MACHINE TOOLS MARKET, BY AUTOMATION,

2021–2024 (USD BILLION)             157

TABLE 110            SWITZERLAND: MACHINE TOOLS MARKET, BY AUTOMATION,

2025–2032 (USD BILLION)             157

TABLE 111            TURKEY: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             158

TABLE 112            TURKEY: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             158

TABLE 113            NORTH AMERICA: MACHINE TOOLS MARKET, BY COUNTRY,

2021–2024 (USD BILLION)             162

TABLE 114            NORTH AMERICA: MACHINE TOOLS MARKET, BY COUNTRY,

2025–2032 (USD BILLION)             162

TABLE 115            US: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             163

TABLE 116            US: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             163

TABLE 117            CANADA: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             164

TABLE 118            CANADA: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             164

TABLE 119            MEXICO: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             165

TABLE 120            MEXICO: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             165

TABLE 121            REST OF THE WORLD: MACHINE TOOLS MARKET, BY COUNTRY,

2021–2024 (USD BILLION)             168

TABLE 122            REST OF THE WORLD: MACHINE TOOLS MARKET, BY COUNTRY,

2025–2032 (USD BILLION)             169

TABLE 123            RUSSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             169

TABLE 124            RUSSIA: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             170

TABLE 125            BRAZIL: MACHINE TOOLS MARKET, BY AUTOMATION, 2021–2024 (USD BILLION)             170

TABLE 126            BRAZIL: MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             170

TABLE 127            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025        172

TABLE 128            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        174

TABLE 129            REGION FOOTPRINT     181

TABLE 130            PRODUCT TYPE FOOTPRINT     182

TABLE 131            SALES CHANNEL FOOTPRINT    182

TABLE 132            LIST OF START-UPS/SMES           185

TABLE 133            COMPETITIVE BENCHMARKING OF START-UPS/SMES           185

TABLE 134            MACHINE TOOLS MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2025                186

TABLE 135            MACHINE TOOLS MARKET: DEALS, 2021–2025                 187

TABLE 136            MACHINE TOOLS MARKET: EXPANSIONS, 2021–2025        188

TABLE 137            MAKINO INC.: COMPANY OVERVIEW      189

TABLE 138            MAKINO INC.: PRODUCTS OFFERED       190

TABLE 139            MAKINO INC.: PRODUCT LAUNCHES/DEVELOPMENTS    191

TABLE 140            MAKINO INC.: DEALS     192

TABLE 141            MAKINO INC.: EXPANSIONS        193

TABLE 142            JTEKT CORPORATION: COMPANY OVERVIEW                 195

TABLE 143            JTEKT CORPORATION: PRODUCTS OFFERED                 196

TABLE 144            JTEKT CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS    197

TABLE 145            JTEKT CORPORATION: DEALS   198

TABLE 146            JTEKT CORPORATION: EXPANSIONS      198

TABLE 147            JTEKT CORPORATION: OTHER DEVELOPMENTS              198

TABLE 148            OKUMA CORPORATION: COMPANY OVERVIEW                 200

TABLE 149            OKUMA CORPORATION: PRODUCTS OFFERED                 201

TABLE 150            OKUMA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS    202

TABLE 151            OKUMA CORPORATION: DEALS                203

TABLE 152            OKUMA CORPORATION: OTHER DEVELOPMENTS              203

TABLE 153            DMG MORI: COMPANY OVERVIEW          205

TABLE 154            DMG MORI: PRODUCTS OFFERED           206

TABLE 155            DMG MORI: PRODUCT LAUNCHES/DEVELOPMENTS    206

TABLE 156            DMG MORI: DEALS          207

TABLE 157            DMG MORI: EXPANSIONS             208

TABLE 158            DMG MORI: OTHER DEVELOPMENTS    209

TABLE 159            DN SOLUTIONS: COMPANY OVERVIEW 210

TABLE 160            DN SOLUTIONS: PRODUCTS OFFERED 212

TABLE 161            DN SOLUTIONS: PRODUCT LAUNCHES/DEVELOPMENTS    212

TABLE 162            DN SOLUTIONS: DEALS 214

TABLE 163            DN SOLUTIONS: EXPANSIONS   215

TABLE 164            DN SOLUTIONS: OTHER DEVELOPMENTS                 215

TABLE 165            AMADA CO., LTD.: COMPANY OVERVIEW                 216

TABLE 166            AMADA CO., LTD.: PRODUCTS OFFERED                 217

TABLE 167            AMADA CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    218

TABLE 168            AMADA CO., LTD.: DEALS             218

TABLE 169            AMADA CO., LTD.: OTHER DEVELOPMENTS                 219

TABLE 170            YAMAZAKI MAZAK CORPORATION: COMPANY OVERVIEW          220

TABLE 171            YAMAZAKI MAZAK CORPORATION: PRODUCTS OFFERED             221

TABLE 172            YAMAZAKI MAZAK CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS    222

TABLE 173            YAMAZAKI MAZAK CORPORATION: EXPANSIONS     222

TABLE 174            CHIRON GROUP SE: COMPANY OVERVIEW                 223

TABLE 175            CHIRON GROUP SE: PRODUCTS OFFERED                 223

TABLE 176            CHIRON GROUP SE: PRODUCT LAUNCHES/DEVELOPMENTS    224

TABLE 177            CHIRON GROUP SE: DEALS         224

TABLE 178            KOMATSU NTC: COMPANY OVERVIEW 225

TABLE 179            KOMATSU NTC: PRODUCTS OFFERED  226

TABLE 180            KOMATSU NTC: PRODUCT LAUNCHES/DEVELOPMENTS    226

TABLE 181            HAAS AUTOMATION, INC.: COMPANY OVERVIEW          227

TABLE 182            HAAS AUTOMATION, INC.: PRODUCTS OFFERED             227

TABLE 183            GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: COMPANY OVERVIEW 228

TABLE 184            GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: PRODUCTS OFFERED 228

TABLE 185            GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.:

PRODUCT LAUNCHES/DEVELOPMENTS               229

TABLE 186            GENERAL TECHNOLOGY DALIAN MACHINE TOOL CO., LTD.: EXPANSIONS  229

TABLE 187            UNITED GRINDING GROUP: COMPANY OVERVIEW          230

TABLE 188            UNITED GRINDING GROUP: PRODUCTS OFFERED             230

TABLE 189            UNITED GRINDING GROUP: DEALS         231

TABLE 190            UNITED GRINDING GROUP: EXPANSIONS                 231

TABLE 191            INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: COMPANY OVERVIEW   232

TABLE 192            INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: PRODUCTS OFFERED    232

TABLE 193            INDEX-WERKE GMBH & CO. KG HAHN & TESSKY:

PRODUCT LAUNCHES/DEVELOPMENTS               233

TABLE 194            CITIZEN MACHINERY CO., LTD.: COMPANY OVERVIEW          234

TABLE 195            CITIZEN MACHINERY CO., LTD.: PRODUCTS OFFERED             235

TABLE 196            CITIZEN MACHINERY CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    235

TABLE 197            EMAG GMBH & CO. KG: COMPANY OVERVIEW                 236

TABLE 198            EMAG GMBH & CO. KG: PRODUCTS OFFERED                 236

TABLE 199            EMAG GMBH & CO. KG.: PRODUCT LAUNCHES/DEVELOPMENTS    237

TABLE 200            EMAG GMBH & CO. KG: DEALS  237

TABLE 201            SHENYANG MACHINE TOOL CO., LTD.: COMPANY OVERVIEW   238

TABLE 202            SHENYANG MACHINE TOOL CO., LTD.: PRODUCTS OFFERED    238

TABLE 203            SHENYANG MACHINE TOOL CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS               239

TABLE 204            SHENYANG MACHINE TOOL CO., LTD.: DEALS                 239

TABLE 205            FFG EUROPEAN & AMERICAN HOLDINGS GMBH: COMPANY OVERVIEW    240

TABLE 206            HMT MACHINE TOOLS LIMITED: COMPANY OVERVIEW          241

TABLE 207            SPINNER WERKZEUGMASCHINENFABRIK GMBH: COMPANY OVERVIEW    241

TABLE 208            GLEASON CORPORATION: COMPANY OVERVIEW          242

TABLE 209            GROB-WERKE GMBH & CO. KG: COMPANY OVERVIEW          242

TABLE 210            BLASER SWISSLUBE: COMPANY OVERVIEW                 243

TABLE 211            CASTROL LIMITED: COMPANY OVERVIEW                 244

TABLE 212            QUAKER HOUGHTON: COMPANY OVERVIEW                 245

TABLE 213            SCHULER AG: COMPANY OVERVIEW      245

TABLE 214            ELECTRONICA HI-TECH ENGINEERING PVT. LTD.: COMPANY OVERVIEW       246

TABLE 215            ACEMICROMATIC GROUP: COMPANY OVERVIEW          246

TABLE 216            TUNGALOY CORPORATION: COMPANY OVERVIEW          247

TABLE 217            MACHINE TOOLS INDIA LIMITED: COMPANY OVERVIEW          247

TABLE 218            ISEMBARD MACHINE TOOLS: COMPANY OVERVIEW          248

TABLE 219            MANUKAI AG: COMPANY OVERVIEW      249

TABLE 220            IPERCEPT TECHNOLOGY: COMPANY OVERVIEW          250

TABLE 221            AUGURY LTD.: COMPANY OVERVIEW    251

LIST OF FIGURES

FIGURE 1              MACHINE TOOLS MARKET SEGMENTATION                 26

FIGURE 2              RESEARCH DESIGN         31

FIGURE 3              RESEARCH DESIGN MODEL         32

FIGURE 4              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           37

FIGURE 5              BOTTOM-UP APPROACH              38

FIGURE 6              TOP-DOWN APPROACH                38

FIGURE 7              MARKET SIZE ESTIMATION NOTES         39

FIGURE 8              DATA TRIANGULATION                40

FIGURE 9              GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS               41

FIGURE 10            DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS            42

FIGURE 11            MACHINE TOOLS MARKET OVERVIEW  46

FIGURE 12            ASIA PACIFIC TO BE DOMINANT DURING FORECAST PERIOD         47

FIGURE 13            CNC MACHINE TOOLS TO BE LARGER THAN CONVENTIONAL MACHINE TOOLS DURING FORECAST PERIOD                 47

FIGURE 14            MACHINING CENTERS TO BE FASTEST-GROWING SEGMENT

DURING FORECAST PERIOD       48

FIGURE 15            RISING DEMAND FOR MACHINE TOOLS IN ASIA PACIFIC TO DRIVE MARKET        49

FIGURE 16            MACHINING CENTERS TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD  49

FIGURE 17            CNC MACHINE TOOLS TO HOLD HIGHER SHARE DURING FORECAST PERIOD        50

FIGURE 18            DEALERS & DISTRIBUTORS TO SECURE LEADING POSITION

DURING FORECAST PERIOD       50

FIGURE 19            AUTOMOTIVE & TRANSPORTATION TO SURPASS OTHER SEGMENTS

DURING FORECAST PERIOD       51

FIGURE 20            ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR MACHINE TOOLS

DURING FORECAST PERIOD       51

FIGURE 21            MACHINE TOOLS MARKET DYNAMICS  53

FIGURE 22            VALUE ADDED IN MANUFACTURING MARKET, 2018–2024              54

FIGURE 23            APPROACHES FOR INCREASING ENERGY EFFICIENCY OF MACHINE TOOLS             55

FIGURE 24            EVOLUTIONARY HISTORY OF INDUSTRIALIZATION AND MACHINE TOOLS     57

FIGURE 25            ADAPTIVE CONTROL SYSTEMS FOR MACHINE TOOLS  58

FIGURE 26            WORKFORCE SKILL GAP BETWEEN 2018 AND 2028        60

FIGURE 27            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   61

FIGURE 28            AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY PRODUCT TYPE,

2022–2024 (USD)                63

FIGURE 29            AVERAGE SELLING PRICE TREND OF MACHINE TOOLS, BY REGION,

2022–2024 (USD)                64

FIGURE 30            ECOSYSTEM ANALYSIS  65

FIGURE 31            VALUE CHAIN ANALYSIS               68

FIGURE 32            INVESTMENT AND FUNDING SCENARIO, 2021–2024        71

FIGURE 33            PATENT ANALYSIS          73

FIGURE 34            SYSTEM ARCHITECTURE OF INTELLIGENT NUMERICAL CONTROLLERS       77

FIGURE 35            IOT FOR MACHINE TOOL MONITORING SOLUTIONS        78

FIGURE 36            IMPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            83

FIGURE 37            EXPORT DATA FOR HS CODE 8458-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            84

FIGURE 38            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PRODUCT TYPE    85

FIGURE 39            KEY BUYING CRITERIA, BY PRODUCT TYPE                 86

FIGURE 40            MACHINE TOOLS MARKET, BY PRODUCT TYPE, 2025–2032 (USD BILLION)             88

FIGURE 41            MACHINE TOOLS MARKET, BY AUTOMATION, 2025–2032 (USD BILLION)             104

FIGURE 42            MACHINE TOOLS MARKET, BY SALES CHANNEL, 2025–2032 (USD BILLION)             110

FIGURE 43            MACHINE TOOLS MARKET, BY END-USER INDUSTRY, 2025–2032 (USD BILLION)     116

FIGURE 44            MACHINE TOOLS MARKET, BY REGION, 2025–2032 (USD BILLION)        129

FIGURE 45            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      132

FIGURE 46            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026              132

FIGURE 47            ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              133

FIGURE 48            ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024  133

FIGURE 49            ASIA PACIFIC: MACHINE TOOLS MARKET SNAPSHOT          135

FIGURE 50            MARKET SHARE OF LEADING MACHINE TOOL COMPANIES IN SOUTH KOREA, 2024        139

FIGURE 51            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      147

FIGURE 52            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        147

FIGURE 53            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                148

FIGURE 54            EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024  148

FIGURE 55            EUROPE: MACHINE TOOLS MARKET SNAPSHOT                 150

FIGURE 56            NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026                160

FIGURE 57            NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      160

FIGURE 58            NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                161

FIGURE 59            NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024            161

FIGURE 60            NORTH AMERICA: MACHINE TOOLS MARKET, BY COUNTRY,

2025–2032 (USD BILLION)             162

FIGURE 61            REST OF THE WORLD: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026  166

FIGURE 62            REST OF THE WORLD: GDP PER CAPITA, BY COUNTRY, 2024–2026      167

FIGURE 63            REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                167

FIGURE 64            REST OF THE WORLD: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024            167

FIGURE 65            REST OF THE WORLD: MACHINE TOOLS MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            168

FIGURE 66            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        174

FIGURE 67            REVENUE ANALYSIS OF TOP FIVE PLAYERS 2020−2024 (USD BILLION)           176

FIGURE 68            COMPANY VALUATION OF PROMINENT PLAYERS              176

FIGURE 69            FINANCIAL METRICS OF PROMINENT PLAYERS                 177

FIGURE 70            BRAND/PRODUCT COMPARISON             178

FIGURE 71            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  180

FIGURE 72            COMPANY FOOTPRINT 181

FIGURE 73            COMPANY EVALUATION MARKET (START-UPS/SMES), 2024                184

FIGURE 74            MAKINO INC.: COMPANY SNAPSHOT     190

FIGURE 75            JTEKT CORPORATION: COMPANY SNAPSHOT                 196

FIGURE 76            OKUMA CORPORATION: COMPANY SNAPSHOT                 201

FIGURE 77            DMG MORI: COMPANY SNAPSHOT          205

FIGURE 78            DN SOLUTIONS: COMPANY SNAPSHOT 211

FIGURE 79            DN SOLUTIONS: COMPANY REGIONAL PRESENCE           211

FIGURE 80            AMADA CO., LTD.: COMPANY SNAPSHOT                 217

FIGURE 81            YAMAZAKI MAZAK CORPORATION: COMPANY SNAPSHOT          220

FIGURE 82            KOMATSU NTC: GEOGRAPHICAL PRESENCE                 225

FIGURE 83            CITIZEN MACHINERY CO., LTD.: COMPANY SNAPSHOT          234