The Global Machine Tools Market, valued at USD 87.93 billion in 2022, is on a trajectory set to reach an impressive USD 138.0 billion by 2030, boasting a robust Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period from 2023 to 2030. This surge in market value is attributed to transformative technological advancements, such as the integration of multi-axis arms and robots,...

The global machine tools market size was estimated at USD 92.78 billion in 2023 and is anticipated to grow at a CAGR of 5.8% from 2024 to 2030. The market growth is attributed to advancements in technologies for machine tools, such as multi-axis arms & robotics, as well as the growth in the manufacturing industry. Apart from this, the growing focus on augmenting productivity and reducing...