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United States Machine Tools Market Size, Share, Analysis: By Tool Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines, Others; By Technology Type: Computer Numerical Control (CNC), Conventional; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Key Trends in the Market
Machine tools refer to tools and equipment that help in grinding, shaping, drilling, and cutting hard materials, including metals. The tools allow the provision of maximum product uniformity as they are operated using numerical control. They enhance the productivity of the operations and aid in minimizing the requirement for human resources.
- The increasing initiatives by various businesses to reduce costs of operation is aiding the United States machine tools market growth. The relatively lower production time and costs of operations of machine tools allows businesses to reduce production costs and increase profit margins.
- The increasing adoption of novel technologies including machine learning and robotics due to growing demand from precision engineering is supporting the market expansion. The advancement in software and hardware components of computer numeric control systems is further supporting the market growth.
- The rising requirement for rapid and cost-efficient production processes is boosting the adoption of additive manufacturing. Additionally, the growing popularity of heterogenous material manufacturing capabilities is bolstering the requirement for machine tools across various sectors in the United States.
United States Machine Tools Market Report Snapshots
United States Machine Tools Market Size
United States Machine Tools Market Trends
United States Machine Tools Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Machine Tools Market Overview
8.1 Key Industry Highlights
8.2 North America Machine Tools Historical Market (2018-2023)
8.3 North America Machine Tools Market Forecast (2024-2032)
8.4 North America Machine Tools Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Machine Tools Market Overview
9.1 Key Industry Highlights
9.2 United States Machine Tools Historical Market (2018-2023)
9.3 United States Machine Tools Market Forecast (2024-2032)
10 United States Machine Tools Market by Tool Type
10.1 Milling Machines
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Drilling Machines
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Turning Machines
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Grinding Machines
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Electrical Discharge Machines
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 United States Machine Tools Market by Technology Type
11.1 Computer Numerical Control (CNC)
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Conventional
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Machine Tools Market by End Use
12.1 Aerospace and Defence
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Automotive
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Metal
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Electrical and Electronics
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 United States Machine Tools Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 TRUMPF SE + Co. KG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Georg Fischer Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Haas Automation, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Komatsu NTC Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Amada Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Pacific Press Holdings Company (MULTIPRESS Inc.)
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Bystronic Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Mitusa Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Fenn
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Mate Precision Technologies
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Machine Tools Market: Key Industry Highlights, 2018 and 2032
2. United States Machine Tools Market: Key Industry Highlights, 2018 and 2032
3. United States Machine Tools Historical Market: Breakup by Tool Type (USD Billion), 2018-2023
4. United States Machine Tools Market Forecast: Breakup by Tool Type (USD Billion), 2024-2032
5. United States Machine Tools Historical Market: Breakup by Technology Type (USD Billion), 2018-2023
6. United States Machine Tools Market Forecast: Breakup by Technology Type (USD Billion), 2024-2032
7. United States Machine Tools Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. United States Machine Tools Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. United States Machine Tools Historical Market: Breakup by Region (USD Billion), 2018-2023
10. United States Machine Tools Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. United States Machine Tools Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 11.68 billion in 2023.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 16.95 billion by 2032.
The major market drivers include increasing requirement by transportation and automotive sectors due to increasing population and increasing adoption of novel technologies including machine learning and robotics due to growing demand from precision engineering.
The key trends fuelling the growth of the market include growing popularity of additive manufacturing and increasing initiatives by various businesses to reduce costs of operation.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The end uses of machine tools include aerospace and defence, automotive, metal, and electrical and electronics, among others.
The key players in the market are TRUMPF SE + Co. KG, Georg Fischer Ltd., Haas Automation, Inc., Komatsu NTC Ltd., Amada Co., Ltd., Pacific Press Holdings Company (MULTIPRESS Inc.), Bystronic Group, Mitusa Inc., Fenn, and Mate Precision Technologies, among others.
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