Market overview
The global machine tool market is worth USD 85.7 bn in 2026 and is forecast to reach USD 140 bn by 2036, growing at a 5.0% CAGR. China is the largest country market and Machining centres is the largest by machine type segment.
| Scope | Metal-cutting and metal-forming machine tools sold worldwide: machining centres, lathes, grinders, milling machines, laser and press-brake systems, and other cutting and forming machines, measured as value of machine tool consumption. |
|---|---|
| Industry | Industrial Automation |
| Value 2025 | USD 82.0 bn |
| Value 2026 | USD 85.7 bn |
| Value 2036 | USD 140 bn |
| CAGR 2026-2036 | 5.0% |
| Volume 2026 | 1,025 thousand units |
| Volume 2036 | 1,369 thousand units |
| Average price 2026 | USD 83,640 per unit |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Machine Tool market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 85.7 bn |
| 2027 | USD 90.0 bn |
| 2028 | USD 94.5 bn |
| 2029 | USD 99.2 bn |
| 2030 | USD 104 bn |
| 2031 | USD 109 bn |
| 2032 | USD 115 bn |
| 2033 | USD 121 bn |
| 2034 | USD 127 bn |
| 2035 | USD 133 bn |
| 2036 | USD 140 bn |
Machine Tool market segmentation
By machine type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Machining centres | 30.0% | 31.8% | USD 25.7 bn | 5.6% |
| Lathes and turning centres | 18.0% | 16.9% | USD 15.4 bn | 4.3% |
| Grinding machines | 9.0% | 8.4% | USD 7.7 bn | 4.3% |
| Milling and boring machines | 10.0% | 8.9% | USD 8.6 bn | 3.8% |
| Laser, EDM and other cutting machines | 15.0% | 17.0% | USD 12.9 bn | 6.3% |
| Forming machines (press brakes, presses) | 18.0% | 16.9% | USD 15.4 bn | 4.3% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Automotive and EV | 28.0% | 28.1% | USD 24.0 bn | 5.0% |
| Machinery and general engineering | 24.0% | 22.9% | USD 20.6 bn | 4.5% |
| Aerospace and defence | 11.0% | 12.7% | USD 9.4 bn | 6.5% |
| Electronics and semiconductor | 9.0% | 9.9% | USD 7.7 bn | 6.0% |
| Metal fabrication | 18.0% | 17.2% | USD 15.4 bn | 4.5% |
| Other industries | 10.0% | 9.1% | USD 8.6 bn | 4.0% |
By control type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Conventional manual | 20.0% | 16.0% | USD 17.1 bn | 2.7% |
| Basic CNC | 44.0% | 43.0% | USD 37.7 bn | 4.8% |
| Advanced CNC | 36.0% | 41.0% | USD 30.8 bn | 6.4% |
By axis configuration
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| 3-axis | 44.0% | 39.0% | USD 37.7 bn | 3.7% |
| 4 and 5-axis | 34.0% | 40.0% | USD 29.1 bn | 6.7% |
| Multi-spindle and other | 22.0% | 21.0% | USD 18.9 bn | 4.5% |
By price tier
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Entry-level | 32.0% | 30.0% | USD 27.4 bn | 4.3% |
| Mid-range | 45.0% | 45.0% | USD 38.6 bn | 5.0% |
| High-end | 23.0% | 25.0% | USD 19.7 bn | 5.9% |
Top 25 countries for machine tool by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 71.5% of 2026 revenue and the 25 countries below together hold 92.6%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 23.1 bn | 27.0% | USD 37.7 bn | 5.0% |
| 2 | United States | USD 9.4 bn | 11.0% | USD 15.4 bn | 5.0% |
| 3 | Germany | USD 6.9 bn | 8.0% | USD 10.2 bn | 4.0% |
| 4 | Japan | USD 4.3 bn | 5.0% | USD 6.0 bn | 3.4% |
| 5 | India | USD 3.4 bn | 4.0% | USD 7.8 bn | 8.6% |
| 6 | South Korea | USD 3.4 bn | 4.0% | USD 5.3 bn | 4.5% |
| 7 | Italy | USD 3.4 bn | 4.0% | USD 5.0 bn | 3.9% |
| 8 | Mexico | USD 2.6 bn | 3.0% | USD 4.6 bn | 6.0% |
| 9 | Taiwan | USD 2.6 bn | 3.0% | USD 4.0 bn | 4.6% |
| 10 | Turkey | USD 2.1 bn | 2.5% | USD 3.6 bn | 5.4% |
| 11 | Spain | USD 2.1 bn | 2.4% | USD 3.1 bn | 4.0% |
| 12 | Poland | USD 2.1 bn | 2.4% | USD 3.5 bn | 5.6% |
| 13 | Vietnam | USD 2.0 bn | 2.4% | USD 4.1 bn | 7.4% |
| 14 | Thailand | USD 1.7 bn | 1.9% | USD 2.8 bn | 5.6% |
| 15 | Czech Republic | USD 1.4 bn | 1.6% | USD 2.3 bn | 4.8% |
| 16 | Brazil | USD 1.3 bn | 1.5% | USD 2.0 bn | 4.9% |
| 17 | United Kingdom | USD 1.1 bn | 1.3% | USD 1.7 bn | 4.1% |
| 18 | France | USD 1.0 bn | 1.2% | USD 1.5 bn | 3.7% |
| 19 | Switzerland | USD 943 mn | 1.1% | USD 1.4 bn | 3.8% |
| 20 | Canada | USD 874 mn | 1.0% | USD 1.3 bn | 4.4% |
| 21 | Russia | USD 814 mn | 0.9% | USD 1.2 bn | 4.1% |
| 22 | Indonesia | USD 771 mn | 0.9% | USD 1.4 bn | 6.1% |
| 23 | Netherlands | USD 728 mn | 0.8% | USD 1.1 bn | 4.1% |
| 24 | Singapore | USD 686 mn | 0.8% | USD 1.1 bn | 4.6% |
| 25 | Austria | USD 660 mn | 0.8% | USD 963 mn | 3.9% |
| Rest of world | USD 6.3 bn | 7.4% | USD 10.5 bn | 5.1% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- DMG Mori
- Trumpf
- Okuma
- Yamazaki Mazak
- Haas Automation
- Makino
- Amada
- GF Machining Solutions
Group 2: Regional and specialist players
- Hurco Companies
- Doosan Machine Tools
- Hyundai WIA
- Chiron Group
- JTEKT
- Index Group
- EMAG
- Fair Friend Group
- Tongtai Machine & Tool
- Citizen Machinery
Group 3: Emerging and niche players
- Shenyang Machine Tool
- Qinchuan Machine Tool
- Ace Micromatic
- Jyoti CNC Automation
- Bharat Fritz Werner
- Dalian Machine Tool Group
- HMT Machine Tools
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the machine tool market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.0% is calculated from the resulting values.
The market is divided by machine type, by end use, by control type, by axis configuration, by price tier. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the machine tool market?
The global machine tool market is estimated at USD 82.0 bn in 2025 and USD 85.7 bn in 2026.
How fast will the machine tool market grow?
It is forecast to reach USD 140 bn by 2036, a compound annual growth rate of 5.0% from 2026, an increase of USD 53.9 bn.
Which country is the largest market for machine tool?
China is the largest market by revenue at USD 23.1 bn in 2026, 27.0% of the global total. The three largest countries together hold 46.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 8.6% a year from 2026 to 2036.
Which machine tool segment is largest?
In the by machine type split, Machining centres is the largest segment with 30.0% of 2026 revenue.
Who are the leading machine tool companies?
Global leaders include DMG Mori, Trumpf, Okuma, Yamazaki Mazak.
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