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    US Machine Tools Market

    ID: MRFR/IA - E/19887-HCR
    128 Pages
    Harshita Gorade
    September 2025

    United States Machine Tools Market Research Report Information by Type (Metalworking Machines, Parts and Accessories, Installation, Repair, and Maintenance), by End User (Automotive Fabrication and Industrial Machinery Manufacturing, Marine, Aerospace & Defense, Precision Engineering, and Other End Users), – United States Market Forecast Till 2032

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    United States Machine Tools Market Research Report – Forecast till 2032 Infographic
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    Table of Contents

    US Machine Tools Market Summary

    The United States Machine Tools market is projected to grow from 14.9 USD Billion in 2024 to 21.6 USD Billion by 2035, indicating a steady upward trajectory.

    Key Market Trends & Highlights

    United States Machine Tools Key Trends and Highlights

    • The market is expected to expand at a compound annual growth rate (CAGR) of 3.43% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 21.6 USD Billion, reflecting increasing demand for advanced manufacturing solutions.
    • In 2024, the market is valued at 14.9 USD Billion, showcasing a robust foundation for future growth.
    • Growing adoption of automation technologies due to the need for enhanced productivity is a major market driver.

    Market Size & Forecast

    2024 Market Size 14.9 (USD Billion)
    2035 Market Size 21.6 (USD Billion)
    CAGR (2025-2035) 3.43%

    Major Players

    TRUMPF Inc., Haas Automation Inc., Amada Co. Ltd, Lincoln Electric Holdings Inc., Multipress Inc., MITUSA Inc., MC Machinery Systems Inc., Mate Precision Tooling Inc., Bystronic Inc., Laser Mechanisms Inc., Koike Aronson Inc./Ransome, FENN Metal Forming Machinery Solutions, Cincinnati Inc.

    US Machine Tools Market Trends

    Integration of cutting-edge technologies is driving the market growth.

    The integration of cutting-edge technologies into machine tools has emerged as a significant trend in the machine tools market in the United States in recent years, driving the market CAGR. This integration incorporates a multitude of state-of-the-art technologies, including advanced robotics, Artificial Intelligence (AI), and the Internet of Things (IoT). The implementation of these technologies is motivated by the imperative to enhance manufacturing processes' efficiency, productivity, flexibility, and precision. 

    Machine Learning (ML) and Artificial Intelligence (AI) are bringing about a significant transformation in the machine tools sector through the implementation of autonomous operations, predictive maintenance, and process optimization. By analyzing the immense quantities of data produced by machine tools, AI algorithms are capable of forecasting potential equipment failures, thus reducing maintenance costs and downtime. Furthermore, the utilization of machine learning algorithms to optimize machining parameters in accordance with real-time data can result in enhanced product quality and process efficiency.

    An essential element of sustainable manufacturing entails the integration of energy-efficient processes and machinery. Contemporary machine tools incorporate energy-efficient motors, variable frequency drivers, and regenerative braking in an effort to maximize energy efficiency. Manufacturers can mitigate their environmental impact and decrease operational expenses by reducing energy consumption. In the machine tools industry, the utilization of eco-friendly materials and processes is increasingly becoming more prevalent. In an effort to reduce the ecological impact of machining processes, the implementation of sustainable materials, including biodegradable lubricants and recycled metals, is notable.

    Furthermore, in contrast to conventional machining techniques, alternative manufacturing processes such as near-net-shape manufacturing and cold formation demand significantly less energy and material.

    US Machine Tools Market Drivers

    Market Segment Insights

    Machine Tools Type Insights

    The United States Machine Tools market segmentation, based on the Type, includes metalworking machines, parts and accessories, installation, repair, and maintenance. In general, the metalworking machines segment holds the most substantial market share among the segments provided. A diverse array of machinery is comprised of metalworking devices, which are employed in numerous manufacturing procedures such as grinding, turning, milling, and drilling. In sectors such as aerospace, automotive, and machinery production, these devices are indispensable for transforming raw materials into finished components.

    As a result of their indispensable function in production processes and the substantial demand for metalworking machines across various manufacturing sectors, this sector typically holds the largest market share in comparison to installation, repair, and maintenance services, as well as parts and accessories.

    Machine Tools End User Insights

    The United States Machine Tools market segmentation, based on End Users, includes automotive, fabrication and industrial machinery manufacturing, marine, aerospace & defense, precision engineering, and other end users. With regard to the segments provided, the automotive category generally holds the most substantial portion of the market. Automotive manufacturing encompasses an extensive array of procedures, such as welding, stamping, assembly, and machining, which necessitate the use of a variety of fabrication and industrial apparatus. The automotive industry, being a significant catalyst for worldwide production, has a considerable need for apparatus and equipment.

    In addition, the scope and complexity of the automotive industry contribute to its substantial market share in the machinery industry relative to other sectors such as marine, aerospace & defense, precision engineering, and end users. As a result, the automotive industry dominates the machinery market.

    Figure 1: United States Machine Tools Market by End User, 2024 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Machine Tools Country Insights

    The machinery sector in the United States is undergoing substantial expansion due to a multitude of factors, including technological progress, heightened industrialization, and the revival of domestic production. The United States of America, being among the largest economies globally, possesses a varied industrial foundation that includes construction, energy, aerospace, automotive, and electronics all of which are highly dependent on apparatus and equipment to function. The machinery industry in the country is experiencing significant development due to the presence of a varied industrial landscape. Technological advancements significantly contribute to the expansion of the machinery market in the United States. 

    The incorporation of cutting-edge technologies, including automation, robotics, artificial intelligence, and the Internet of Things, is augmenting the effectiveness, output, and adaptability of manufacturing procedures. By facilitating the streamlining of operations, optimization of resource utilization, and enhancement of product quality, these technologies stimulate the market for sophisticated apparatus and equipment. In addition, the proliferation of domestic manufacturing is contributing to the expansion of the machinery sector in the United States. Reshoring initiatives, favorable regulatory policies, and infrastructure investments all serve as motivating elements for businesses to return to manufacturing in the United States.

    Demand for a vast array of apparatus, including that utilized in metalworking, plastics processing, packaging, and industrial automation, is being propelled by this trend.

    Get more detailed insights about United States Machine Tools Market Research Report – Forecast till 2032

    Regional Insights

    Key Players and Competitive Insights

    Leading market players are making significant investments in R&D to broaden their product offerings, which will support further growth in the United States Machine Tools market. In addition, market players are engaging in a range of calculated initiatives to increase their presence, with significant market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To expand and survive in a more competitive and rising market climate, United States Machine Tools industry must provide reasonably priced goods.

    Major players in the United States Machine Tools market are engaging in research and development activities in an effort to boost market demand, including TRUMPF Inc., Haas Automation Inc., Amada Co. Ltd, Lincoln Electric Holdings Inc., Multipress Inc., MITUSA Inc., MC Machinery Systems Inc., Mate Precision Tooling Inc., Bystronic Inc., Laser Mechanisms Inc., Koike Aronson Inc./Ransome, FENN Metal Forming Machinery Solutions, and Cincinnati Inc.

    Key Companies in the US Machine Tools Market market include

    Industry Developments

    July 2022: Peterson Tool Company, Inc. ("PTC"), a prominent provider of machine-specific custom insert tooling solutions, had its assets acquired by Sandvik, as previously announced. Custom carbide form inserts are a component of the product line and are primarily utilized for high-production turning and grooving in the automotive and general engineering industries. The entity under consideration shall be denoted as Walter's GWS Tool division, an operation falling under the purview of Sandvik Manufacturing and Machining Solutions.

    United States Machine Tools Market Segmentation:

    US Machine Tools Type Outlook

      • Metalworking Machines
      • Parts and Accessories
      • Installation
      • Repair
      • Maintenance

    US Machine Tools End User Outlook

      • Automotive
      • Fabrication and Industrial Machinery Manufacturing
      • Marine
      • Aerospace & Defense
      • Precision Engineering
      • Other End Users

    Market Segmentation

    US Machine Tools Type Outlook

    • Metalworking Machines
    • Parts and Accessories
    • Installation
    • Repair
    • Maintenance

    US Machine Tools End User Outlook

    • Automotive
    • Fabrication and Industrial Machinery Manufacturing
    • Marine
    • Aerospace & Defense
    • Precision Engineering
    • Other End Users

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 13.5 Billion
    Market Size 2023 USD 14.4 Billion
    Market Size 2032 USD 19.2 Billion
    Compound Annual Growth Rate (CAGR) 4.0% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019-2023
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, End User, and Region
    Countries Covered United States
    Key Companies Profiled TRUMPF Inc., Haas Automation Inc., Amada Co. Ltd, Lincoln Electric Holdings Inc., Multipress Inc., MITUSA Inc., MC Machinery Systems Inc., Mate Precision Tooling Inc., Bystronic Inc., Laser Mechanisms Inc., Koike Aronson Inc./Ransome, FENN Metal Forming Machinery Solutions, and Cincinnati Inc.
    Key Market Opportunities Leveraging IoT, AI, and automation for enhanced efficiency, productivity, and predictive maintenance. Meeting growing demand for eco-friendly machinery and processes, including energy-efficient equipment and recycling technologies.
    Key Market Dynamics Integration of AI, IoT, and robotics, improving efficiency and productivity. Growing trend of bringing manufacturing back to the USA, driving demand for domestic machinery.

    Market Highlights

    Author
    Harshita Gorade
    Research Analyst

    Harshita Post graduate MBA in Business Administration from Welingkar Institute, Mumbai and 5 years of experience in the field of product market research. As a Research Analyst, I have cross-domain experience in packaging, and industrial Automation & Equipment. I am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at Market Research Future Reports. My responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.

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    FAQs

    How big is the United States's Machine Tools market?

    The United States Machine Tools market size was valued at USD 14.4 Billion in 2023.

    What is the growth rate of the United States's Machine Tools market?

    The market is projected to grow at a CAGR of 4.0% during the forecast period, 2024-2032.

    Who are the key players in the United States Machine Tools market?

    The key players in the market are TRUMPF Inc., Haas Automation Inc., Amada Co. Ltd, Lincoln Electric Holdings Inc., Multipress Inc., MITUSA Inc., MC Machinery Systems Inc., Mate Precision Tooling Inc., Bystronic Inc., Laser Mechanisms Inc., Koike Aronson Inc./Ransome, FENN Metal Forming Machinery Solutions, and Cincinnati Inc.

    Which Type led the United States Machine Tools market?

    The metalworking machines category dominated the market in 2023.

    Which End User had the largest market share in the United States Machine Tools market?

    The automotive category had the largest share of the market.

    What is the expected market size of the US Machine Tools Market in 2024?

    The US Machine Tools Market is expected to be valued at 17.88 billion USD in 2024.

    What will be the market value of the US Machine Tools Market in 2035?

    The market is projected to reach a value of 28.04 billion USD by the year 2035.

    What is the expected compound annual growth rate (CAGR) for the US Machine Tools Market from 2025 to 2035?

    The anticipated CAGR for the US Machine Tools Market from 2025 to 2035 is 4.175%.

    Which product type in the US Machine Tools Market is projected to have the highest value in 2035?

    Milling Machines are expected to have the highest market value at 7.0 billion USD in 2035.

    Who are the key players in the US Machine Tools Market?

    Major players in the market include Okuma, Hexagon, Makino, Fanuc, and DMG Mori, among others.

    What is the market size for Drilling Machines in 2024?

    The market for Drilling Machines is valued at 3.0 billion USD in 2024.

    What is the projected growth for Turning Machines in the US Machine Tools Market by 2035?

    The market value for Turning Machines is expected to grow to 5.7 billion USD by 2035.

    How much is the market expected to value for Grinding Machines in 2035?

    Grinding Machines are projected to reach a market value of 4.4 billion USD in 2035.

    What are the applications driving the growth of the US Machine Tools Market?

    The growth is driven by applications in aerospace, automotive, and manufacturing industries.

    What is the expected market size for Electrical Discharge Machines in 2024?

    The market for Electrical Discharge Machines is valued at 3.58 billion USD in 2024.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
    3. MARKET INTRODUCTION
    4. Definition
      1. Scope of the Study
        1. Research Objective
    5. Assumptions
      1. Limitations
    6. RESEARCH METHODOLOGY
      1. Overview
      2. Data Mining
      3. Secondary Research
      4. Primary Research
    7. Primary Interviews and Information Gathering Process
      1. Breakdown of Primary
    8. Respondents
      1. Forecasting Model
      2. Market Size Estimation
    9. Bottom-Up Approach
      1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    10. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    11. MARKET FACTOR ANALYSIS
    12. Value Chain Analysis
      1. Porter’s Five Forces Analysis
        1. Bargaining
    13. Power of Suppliers
      1. Bargaining Power of Buyers
        1. Threat of
    14. New Entrants
      1. Threat of Substitutes
        1. Intensity of Rivalry
      2. COVID-19 Impact Analysis
        1. Market Impact Analysis
    15. Regional Impact
      1. Opportunity and Threat Analysis
    16. UNITED STATES
    17. MACHINE TOOLS MARKET, BY TYPE
      1. Overview
      2. Metalworking Machines
      3. Parts and Accessories
      4. Installation
      5. Repair
      6. Maintenance
    18. UNITED STATES MACHINE TOOLS MARKET, BY END USER
      1. Overview
    19. Automotive
      1. Fabrication and Industrial Machinery Manufacturing
    20. Marine
      1. Aerospace & Defense
      2. Precision Engineering
    21. Other End Users
    22. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive
    23. Analysis
      1. Market Share Analysis
      2. Major Growth Strategy in the
    24. United States Machine Tools Market
      1. Competitive Benchmarking
    25. Leading Players in Terms of Number of Developments in the United States Machine
    26. Tools Market
      1. Key Developments and Growth Strategies
        1. New Product
    27. Launch/Service Deployment
      1. Merger & Acquisitions
        1. Joint
    28. Ventures
      1. Major Players Financial Matrix
        1. Sales & Operating
    29. Income, 2023
      1. Major Players R&D Expenditure. 2023
    30. COMPANY
    31. PROFILES
      1. TRUMPF Inc.
        1. Company Overview
        2. Financial
    32. Overview
      1. Products Offered
        1. Key Developments
        2. SWOT
    33. Analysis
      1. Key Strategies
      2. Haas Automation Inc.
        1. Company
    34. Overview
      1. Financial Overview
        1. Products Offered
    35. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    36. Amada Co. Ltd
      1. Company Overview
        1. Financial Overview
    37. Products Offered
      1. Key Developments
        1. SWOT Analysis
    38. Key Strategies
      1. Lincoln Electric Holdings Inc.
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      2. Multipress Inc.
    39. Company Overview
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. MITUSA Inc.
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      3. MC Machinery Systems Inc.
        1. Company
    40. Overview
      1. Financial Overview
        1. Products Offered
    41. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    42. Mate Precision Tooling Inc.
      1. Company Overview
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Bystronic Inc.
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      3. Laser Mechanisms Inc.
        1. Company Overview
        2. Financial Overview
        3. Products
    43. Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key
    44. Strategies
      1. Koike Aronson Inc./Ransome6
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
      2. FENN Metal Forming
    45. Machinery Solutions
      1. Company Overview
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Cincinnati Inc.
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
        5. SWOT Analysis
        6. Key Strategies
    46. APPENDIX
    47. References
      1. Related Reports
    48. MACHINE TOOLS MARKET, SYNOPSIS, 2019-2032
    49. MARKET, ESTIMATES & FORECAST, 2019-2032 (USD BILLION)
    50. MACHINE TOOLS MARKET, BY TYPE, 2019-2032 (USD BILLION)
    51. MACHINE TOOLS MARKET, BY END USER, 2019-2032 (USD BILLION)
    52. MACHINE TOOLS MARKET
    53. TOOLS MARKET
    54. ANALYSIS
    55. HAAS AUTOMATION INC.: SWOT ANALYSIS
    56. SNAPSHOT
    57. HOLDINGS INC: FINANCIAL OVERVIEW SNAPSHOT
    58. INC: SWOT ANALYSIS
    59. OVERVIEW SNAPSHOT
    60. SYSTEMS INC: FINANCIAL OVERVIEW SNAPSHOT
    61. SWOT ANALYSIS
    62. FINANCIAL OVERVIEW SNAPSHOT
    63. LASER MECHANISMS INC: FINANCIAL OVERVIEW SNAPSHOT
    64. INC: SWOT ANALYSIS
    65. SNAPSHOT
    66. FENN METAL FORMING MACHINERY SOLUTIONS: FINANCIAL OVERVIEW SNAPSHOT
    67. FENN METAL FORMING MACHINERY SOLUTIONS: SWOT ANALYSIS
    68. INC: FINANCIAL OVERVIEW SNAPSHOT

    United States Machine Tools Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Report Infographic
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