Enjoy complimentary customisation on priority with our Enterprise License!
The US machine tools market size is forecast to increase by USD 5.02 billion at a CAGR of 5.24% between 2023 and 2028. The machine tools market in the US is experiencing significant growth, driven by the increasing demand for metal parts in major end-user industries such as automotive, aerospace, and precision manufacturing. General Motors, a key player in the automotive sector, is investing heavily in electric vehicles, leading to a demand for CNC machines to produce components for these vehicles. Furthermore, the growing market for high-speed steel-cutting tools is fueling the market's expansion. Additionally, the integration of advanced technologies like artificial intelligence and the Internet of Things (IoT) in machine tools is transforming the industry, enabling predictive maintenance and optimized production processes.
Moreover, safety concerns while operating machine tools remain a critical factor, leading to the development of innovative safety features and regulations. Overall, the US machine tools market is poised for growth, with key trends including the increasing adoption of 3D printing technology and the continued focus on precision manufacturing.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Market Segmentation by Type
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.