The North America Machine Tools Market would witness market growth of 3.6% CAGR during the forecast period (2021-2027).
Metal cutting is a common use for machine tools in a variety of industries, consisting of automotive, aerospace, defense, and railways. One of the most common types of metal-cutting machines is the milling machine. Chamfering, turning, gear cutting, and filleting are just some of the operations that a milling machine may do.
Furthermore, the expansion of metalworking process industries has increased demand for milling machines, which has fueled the machine tool market's growth. The demand for automatic machine tools has increased as the manufacturing sector has grown, which is projected to fuel the expansion of the CNC machine tools market.
Shapers and planers, lathes, milling machines, drilling machines, and power saws are examples of machine tools that produce parts by eliminating metal chips from a work piece. Punch presses are used to cold form metal pieces like cooking utensils, automotive bodies, and other similar objects, whereas forging presses are used to hot forming white-hot blanks into correctly shaped dies.
Modern machine tools can cut or mold items to tolerances of one-tenth of an inch or less (0.0025 millimeters). Precision lapping machines may create pieces that are within two-millionths of an inch in particular applications (0.00005 millimeters). Machine tools combine weight and stiffness with delicate accuracy due to the precise dimensional requirements of the parts and the powerful cutting pressures exerted on the cutting tool
The United States is a leader in R&D activities for technology creation and efficient engineering procedures. This is due to the presence of a large number of international players in the area. The aerospace, automobile, and defense industries in the United States have been the primary drivers of demand for metal forming machine tools, as these industries have a significant demand for fabricated metal products. As the Industry 4.0 concept gains traction throughout the manufacturing sector, it is having an impact on the machine tool market, which is attempting to integrate into smart systems. By reducing idle time, Industry 4.0 has the potential to enhance the usage of machine tools in production operations. Because the United States has over 20,000 job shops, they have always been the largest spending industry.
The US market dominated the North America Machine Tools Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $18,959.7 million by 2027. The Canada market is exhibiting a CAGR of 5.9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 5% during (2021 - 2027).
Based on Type, the market is segmented into Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, and Others. Based on Technology, the market is segmented into Computer Numerical Control (CNC) and Conventional. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End-use, the market is segmented into Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Machine Tools Market is Estimated to reach $96.8 Billion by 2027, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hyundai Wia Corporation (Hyundai Motor Company), Schuler Group GmbH, CHIRON Group, JTEKT Corporation, AMADA CO., LTD., Okuma Corporation, DMG Mori Co. Ltd., Komatsu Ltd., Georg Fischer Ltd., and Makino Milling Machine Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
By Technology
- Computer Numerical Control (CNC)
- Conventional
By Sales Channel
By End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Hyundai Wia Corporation (Hyundai Motor Company)
- Schuler Group GmbH
- CHIRON Group
- JTEKT Corporation
- AMADA CO., LTD.
- Okuma Corporation
- DMG Mori Co. Ltd.
- Komatsu Ltd.
- Georg Fischer Ltd.
- Makino Milling Machine Co., Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Machine Tools Market, by Type
1.4.2 North America Machine Tools Market, by Technology
1.4.3 North America Machine Tools Market, by Sales Channel
1.4.4 North America Machine Tools Market, by End-use
1.4.5 North America Machine Tools Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Jun – 2022, Jan) Leading Players
3.3.3 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Jun) Leading Players
Chapter 4. North America Machine Tools Market by Type
4.1 North America Lathe Machines Market by Country
4.2 North America Milling Machines Market by Country
4.3 North America Laser Machines Market by Country
4.4 North America Grinding Machines Market by Country
4.5 North America Welding Machines Market by Country
4.6 North America Winding Machines Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Machine Tools Market by Technology
5.1 North America Computer Numerical Control (CNC) Market by Country
5.2 North America Conventional Market by Country
Chapter 6. North America Machine Tools Market by Sales Channel
6.1 North America Direct Market by Country
6.2 North America Indirect Market by Country
Chapter 7. North America Machine Tools Market by End-use
7.1 North America Automotive Market by Country
7.2 North America Aerospace & Defense Market by Country
7.3 North America Construction Equipment Market by Country
7.4 North America Power & Energy Market by Country
7.5 North America Industrial Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Machine Tools Market by Country
8.1 US Machine Tools Market
8.1.1 US Machine Tools Market by Type
8.1.2 US Machine Tools Market by Technology
8.1.3 US Machine Tools Market by Sales Channel
8.1.4 US Machine Tools Market by End-use
8.2 Canada Machine Tools Market
8.2.1 Canada Machine Tools Market by Type
8.2.2 Canada Machine Tools Market by Technology
8.2.3 Canada Machine Tools Market by Sales Channel
8.2.4 Canada Machine Tools Market by End-use
8.3 Mexico Machine Tools Market
8.3.1 Mexico Machine Tools Market by Type
8.3.2 Mexico Machine Tools Market by Technology
8.3.3 Mexico Machine Tools Market by Sales Channel
8.3.4 Mexico Machine Tools Market by End-use
8.4 Rest of North America Machine Tools Market
8.4.1 Rest of North America Machine Tools Market by Type
8.4.2 Rest of North America Machine Tools Market by Technology
8.4.3 Rest of North America Machine Tools Market by Sales Channel
8.4.4 Rest of North America Machine Tools Market by End-use
Chapter 9. Company Profiles
9.1 Hyundai Wia Corporation (Hyundai Motor Company)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.2 Schuler Group GmbH (Andritz Group)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.3 CHIRON Group SE (Hoberg and Driesch GmbH & Co.)
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Product Launches and Product Expansions:
9.4 JTEKT Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 AMADA CO., LTD.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Okuma Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisition and Mergers:
9.6.5.4 Geographical Expansions:
9.6.6 SWOT Analysis
9.7 DMG MORI CO., LTD.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Product Launches and Product Expansions:
9.7.4.3 Acquisition and Mergers:
9.8 Komatsu Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Acquisition and Mergers:
9.9 Georg Fischer Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Makino Milling Machine Co., Ltd.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.2.2 Acquisition and Mergers:
TABLE 1 North America Machine Tools Market, 2017 - 2020, USD Million
TABLE 2 North America Machine Tools Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Machine Tools Market
TABLE 4 Product Launches And Product Expansions – Machine Tools Market
TABLE 5 Acquisition and Mergers – Machine Tools Market
TABLE 6 Geographical Expansions – Machine Tools Market
TABLE 7 North America Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 8 North America Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 9 North America Lathe Machines Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Lathe Machines Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Milling Machines Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Milling Machines Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Laser Machines Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Laser Machines Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Grinding Machines Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Grinding Machines Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Welding Machines Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Welding Machines Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Winding Machines Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Winding Machines Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 24 North America Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 25 North America Computer Numerical Control (CNC) Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Computer Numerical Control (CNC) Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Conventional Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Conventional Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 30 North America Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 31 North America Direct Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Direct Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Indirect Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Indirect Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 36 North America Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 37 North America Automotive Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Automotive Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Construction Equipment Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Construction Equipment Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Power & Energy Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Power & Energy Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Industrial Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Industrial Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Machine Tools Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Machine Tools Market by Country, 2021 - 2027, USD Million
TABLE 51 US Machine Tools Market, 2017 - 2020, USD Million
TABLE 52 US Machine Tools Market, 2021 - 2027, USD Million
TABLE 53 US Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 54 US Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 55 US Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 56 US Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 57 US Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 58 US Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 59 US Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 60 US Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 61 Canada Machine Tools Market, 2017 - 2020, USD Million
TABLE 62 Canada Machine Tools Market, 2021 - 2027, USD Million
TABLE 63 Canada Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 64 Canada Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 65 Canada Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 66 Canada Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 67 Canada Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 68 Canada Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 69 Canada Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 70 Canada Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 71 Mexico Machine Tools Market, 2017 - 2020, USD Million
TABLE 72 Mexico Machine Tools Market, 2021 - 2027, USD Million
TABLE 73 Mexico Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 74 Mexico Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 75 Mexico Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 76 Mexico Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 77 Mexico Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 78 Mexico Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 79 Mexico Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 80 Mexico Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 81 Rest of North America Machine Tools Market, 2017 - 2020, USD Million
TABLE 82 Rest of North America Machine Tools Market, 2021 - 2027, USD Million
TABLE 83 Rest of North America Machine Tools Market by Type, 2017 - 2020, USD Million
TABLE 84 Rest of North America Machine Tools Market by Type, 2021 - 2027, USD Million
TABLE 85 Rest of North America Machine Tools Market by Technology, 2017 - 2020, USD Million
TABLE 86 Rest of North America Machine Tools Market by Technology, 2021 - 2027, USD Million
TABLE 87 Rest of North America Machine Tools Market by Sales Channel, 2017 - 2020, USD Million
TABLE 88 Rest of North America Machine Tools Market by Sales Channel, 2021 - 2027, USD Million
TABLE 89 Rest of North America Machine Tools Market by End-use, 2017 - 2020, USD Million
TABLE 90 Rest of North America Machine Tools Market by End-use, 2021 - 2027, USD Million
TABLE 91 Key information – Hyundai Wia Corporation
TABLE 92 Key information – Schuler Group GmbH
TABLE 93 Key information – CHIRON Group SE
TABLE 94 Key information – JTEKT Corporation
TABLE 95 Key Information – AMADA CO., LTD.
TABLE 96 Key Information – Okuma Corporation
TABLE 97 Key Information – DMG Mori Co. Ltd.
TABLE 98 Key Information – Komatsu Ltd.
TABLE 99 key information – Georg Fischer Ltd.
TABLE 100 Key Information – Makino Milling Machine Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2017, Jun – 2022, Jan) Leading Players
FIG 5 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Jun) Leading Players
FIG 6 Recent strategies and developments: AMADA CO., LTD.
FIG 7 SWOT Analysis: Amada Co., Ltd.
FIG 8 Recent strategies and developments: Okuma Corporation
FIG 9 SWOT Analysis: Okuma Corporation
FIG 10 Recent strategies and developments: DMG Mori Co. Ltd.