Global CNC Metal Cutting Machine Tools Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Vertical Machine Centers and Horizontal Machine Centers.

By Class;

General, High End, and Special.

By Tool;

Metal Cutting and Metal Forming.

By Application ;

Aerospace & Defence, Shipbuilding, Construction, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn704274994 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global CNC Metal Cutting Machine Tools Market (USD Million), 2021 - 2031

In the year 2024, the Global CNC Metal Cutting Machine Tools Market was valued at USD 113,547.24 million. The size of this market is expected to increase to USD 184,731.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The global CNC (Computer Numerical Control) metal cutting machine tools market is experiencing significant growth driven by advancements in automation and manufacturing technologies. These machines, which include lathes, mills, lasers, and grinders, are essential in producing precise and complex metal components across various industries such as automotive, aerospace, and electronics. The integration of CNC technology has revolutionized the metalworking process by enhancing precision, productivity, and efficiency, thereby reducing human error and production costs.

Market growth is further fueled by increasing demand for high-quality and intricate metal parts, coupled with the rising adoption of Industry 4.0 practices. Industry 4.0, characterized by smart manufacturing and the Internet of Things (IoT), promotes the use of interconnected systems and real-time data analysis, which CNC machines are ideally suited for. This shift towards automated and intelligent manufacturing processes is propelling the demand for advanced CNC metal cutting machine tools, as companies seek to maintain competitive advantage through improved product quality and operational efficiency.

The market faces challenges such as high initial investment costs and the need for skilled operators to manage these sophisticated machines. Despite these hurdles, ongoing technological advancements and government initiatives supporting industrial automation are expected to mitigate these issues. As a result, the global CNC metal cutting machine tools market is poised for continued expansion, with emerging economies in Asia-Pacific and Latin America offering substantial growth opportunities due to their increasing industrialization and infrastructure development.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Class

    3. Market Snapshot, By Tool

    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Tire Curing Press Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Rising demand for precision engineering
        3. Growth in automotive and aerospace industries
      2. Restraints
        1. High initial investment costs
        2. Shortage of skilled labor
        3. Volatile raw material prices
      3. Opportunities
        1. Increasing adoption of automation and IoT
        2. Expanding applications in emerging industries
        3. Growing focus on energy-efficient solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tire Curing Press Market, By Type, 2021 - 2031 (USD Million)
      1. Vertical Machine Centers
      2. Horizontal Machine Centers
    2. Global Tire Curing Press Market, By Class, 2021 - 2031 (USD Million)
      1. General
      2. High End
      3. Special
    3. Global Tire Curing Press Market, By Tool, 2021 - 2031 (USD Million)
      1. Metal Cutting
      2. Metal Forming
    4. Global Tire Curing Press Market, By Application , 2021 - 2031 (USD Million)
      1. Aerospace & Defence
      2. Shipbuilding
      3. Construction
      4. Others
    5. Global Tire Curing Press Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DMG MORI
      2. Mazak Corporation
      3. Okuma Corporation
      4. Hyundai WIA
      5. Haas Automation, Inc.
      6. Doosan Machine Tools
      7. Makino Milling Machine Co., Ltd.
      8. FANUC Corporation
      9. JTEKT Corporation
      10. Trumpf Group
  7. Analyst Views
  8. Future Outlook of the Market