Machine Tools Market Is Estimated To Expand Further At A CAGR Of 5.70% During The Forecast Period
According to Custom Market Insights (CMI), the global Machine Tools Market size was estimated at USD 87.94 billion in 2023 and is anticipated to reach around USD 137.02 billion by 2030, recording a CAGR of roughly 5.7% between 2023 and 2030. The growth of the manufacturing industry, coupled with technological advancements such as multi-axis arms and robotics, has been a significant factor contributing to the growth of the machine tools industry. Explore more growth prospects of the market with the CMI Team! Browse the full “ Machine Tools Market Size, Trends and Insights By Type (Metal Cutting, Machining Centers, Turning Machines, Grinding Machines, Milling Machines, Eroding machines, Others, Metal Forming, Bending Machines, Presses, Punching Machines, Others), By Technology (Computer Numerical Control (CNC), Conventional), By End-use (Automotive, Mechanical Engineering, Metal Working, Aerospace, Electrical Industry, Others), and By Region – Global Industry Overv...