The top types of Machine Tools mainly include Machining Centers (41.7%), Turning Machines (33.9%), Grinding Machines (8.1%), Electrical Discharge Machines (3.4%), etc. The large demand from downstream is Machinery Manufacturing, Aerospace & Defense, Automobile industry and other industries.
The Total Machine Tools market size (By revenue) was 69168 million USD in 2017 and it will be 61053 million USD in 2025, with a CAGR -1.27% from 2017 to 2025. At present, China, Germany, Japan, USA, Korea, Italy, UK, China Taiwan, Switzerland, etc. are the leading producers of machine tools all over the world.
In the year from 2009-2012, with the economic recovery from global financial crisis, the Machine Tools industry have an explosive growth both in the production and consumption in the world. But it came to be different in 2013-2015, the global machine tool market began to go down, especially in China, the leading players began to loss, some small players closed, some foreign investors shut their Chinese Plant (e.g. DMG), the Chinese market goes worse in 2017, labor cost rising, energy cost rising, orders declining, industrial transformation, etc. makes the machine tool market to face a serious challenge. The revenue of leading players goes on dropping out, even bankruptcy arrives (e.g. DMTG).
Global market shows a high concentration in the production of Machine Tools by countries, especially in the high-performance field. The core technology of high-performance is hold in several developed countries like Germany, Japan, US and so on. The emerging countries play an important role in the manufacturing of the low-end product series.
DMG MORI, Trumpf, AMADA, Yamazaki Mazak, FFG/MAG, Komatsu, Doosan Machine Tools, Okuma, JTEKT and Makino are now most leading players of machine tools in the world, in 2017. The top five took up about 20% of the global market while top ten took up about 30%.