Machining Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Machining Market is segmented By Type (Lathe Machines, Laser Machines, Milling Machines, Grinding Machines, Winding Machines, Welding Machines), By End Use (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned.

Machining Market is segmented By Type (Lathe Machines, Laser Machines, Milling Machines, Grinding Machines, Winding Machines, Welding Machines), By En....

Machining Market Size

Market Size in USD

CAGR6.5%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	6.5%
Market Concentration	High
Major Players	FANUC Corp., DMG MORI Co Ltd., AMADA Co. Ltd., Atlas Copco AB., Bystronic Laser AG.

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Machining Market Analysis

The machining market is estimated to be valued at USD 402.56 Bn in 2024 and is expected to reach USD 625.55 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. The machining market is witnessing few key trends such as growing adoption of computer numerical controlled (CNC) machines, rising demand for multi-tasking machines, and growing popularity of hybrid machining processes.

Machining Market Report Snapshots

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