(MENAFN- GlobeNewsWire - Nasdaq) The market is expanding due to high-precision and automated equipment, driven by automation, sustainability, and CNC advancements. Asia-Pacific leads growth, boosted by developments like Siemens' MACHINUM and Brother Industries' new factory. Demand is strong across automotive, aerospace, and electronics sectors.Dublin, Sept. 25, 2025 (GLOBE NEWSWIRE) -- The "Machine Tools Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)" has been added to ResearchAndMarkets's offering.
The global machine tools market size is set to reach USD 134.91 Billion in 2024, with projections indicating an increase at a CAGR of 5.40% from 2025 to 2034, reaching approx. USD 228.27 Billion by 2034. This growth is propelled by automated and high-precision equipment, with Asia-Pacific touting itself as a dominant regional market. Embracing automated processes from material handling to tool changing, and focusing on interconnected systems and intuitive software integration, the industry is poised for robust development.
![]()
Key Trends and Recent Developments
The market is witnessing an increased demand for high-precision machine tools, advancements in CNC software, a surge in automation, and an emphasis on sustainability.
January 2025: Siemens launched MACHINUM in India, enhancing machine tool efficiency, cutting setup time by up to 20%, and reducing energy and cycle times by up to 18%. September 2024: Brother Industries completed a machine tool factory in Bengaluru, aiming to boost its manufacturing capabilities in the sector. February 2024: Nidec Machine Tool Corporation introduced a universal head for its MVR series, offering improved accessibility and precision in milling operations. June 2023: Hyundai WIA unveiled plans to release over 20 machine tools to expand its product lineup, targeting next-gen press machining tools.
Increasing Demand for High-Precision Machine Tools
The demand stems from sectors like automotive and electronics, driving a need for tools that ensure enhanced accuracy, reduced operational costs, shorter production times, and optimized workflows.
Advancements in CNC Software
CNC software advancements allow for precision in machining processes, reducing variance in dimensions and human errors, and include tool management systems to monitor wear and predict maintenance needs.
Trend of Automation
Integration of IoT and AI into machine tools supports automation, enhances production speed, ensures consistent quality, reduces labor costs, and aids in predictive maintenance.
Focus on Sustainability
Energy-efficient machine tools that minimize waste are gaining traction in the market. Eco-friendly materials, such as bio-based lubricants and recyclables, are becoming increasingly important in reducing carbon footprints.
Market Segmentation:
Tool Type: Metal Cutting, Metal Forming, Accessories Technology Type: Conventional, CNC End Use: Automotive, Aerospace and Defence, Electrical and Electronics, Consumer Goods, Precision Engineering, Others Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Market Analysis
The global machine tools sector finds robust application across automotive, electronics, aerospace, and precision industries. Factors like advanced processes (e.g., ultrasonics, lasers) enhance machining efficiency. A shift towards automated and advanced technologies promises favorable market growth.
Competitive Landscape
Notable market players are leveraging Industry 4.0 for connectivity and innovation. Companies are developing flexible, environment-adaptable tools.
Allied Machine & Engineering Corp. Headquartered in Ohio, United States, it's known for cutting-edge tooling solutions for the metal-cutting sector since 1941. TRUMPF: Established in 1923, Germany-based TRUMPF provides laser, machine tools, and electronics solutions with a notable revenue of EUR 5.17 billion in FY 2023/24. Falcon Machine Tools Co., Ltd.: From Taiwan, renowned for its innovation in CNC machine manufacturing since 1978. Okuma America Corporation: North Carolina-based, founded in 1898, specializes in CNC machine tools and automation systems.
Other prominent market players include General Technology Group Dalian Machine Tool Corporation, DMG MORI, AMADA Co., Ltd., and others.
Key Attributes
CONTACT:
CONTACT:
Laura Wood,Senior Press Manager
...
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Comments
No comment