Report

US Machine Tools Market Report and Forecast 2026-2032

105 pages Jul 2025
US Machine Tools Market Report and Forecast 2026-2032

US Machine Tools Market Report and Forecast 2026-2032

US Machine Tools Market - By Tool Type (Metal Cutting, Metal Forming, Accessories), By Technology (Conventional, CNC (Computerized Numerical Control)), By End Use (Automotive, Aerospace and Defense, Electrical and Electronics, Consumer Goods, Precision Engineering, Others), and Others

  • Building, Manufacturing & Construction
  • Pages : 105
  • Jul 2025
  • Report Format :  

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US Machine Tools Market

 

Source: The Report Cube

Study Period
2020- 2032
Market (2025)
USD 12.67 Million
Market (2032)
USD 15.21 Billion
CAGR
2.64%
Major Markets Players
DMG Mori USA Inc., Haas Automation Inc., Hardinge Inc., MAG IAS LLC, JTEKT Toyoda Americas Corporation and Others

Understand The Key Trends Shaping This Market

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US Machine Tools Market Insights & Analysis

The US Machine Tools Market is anticipated to register a CAGR of around 2.64% during the forecast period, 2026-32. Also, the market size is valued at nearly USD 12.67 billion in 2025 and is foreseen to witness nearly USD 15.21 billion during 2032. The production industries of electronics, automotive, aerospace, and military depend largely on machine tools, which include metal cutting, forming, and auxiliary tools. Also, elevated automation, accuracy, and production efficacy all depend on these tools.

Moreover, the increasing requirement for CNC machine tools, mainly in the aerospace & automotive sectors, is largely augmenting industry expansion. Also, numerous variables are driving the United States Machine Tools Market's growth. The rising national production of machine tools, precisely in China & the US, is making the world more competitive. Furthermore, tax breaks, reshoring programs, and government backing for state-of-the-art production are all contributing to the growth of the US Machine Tools Industry. Also, to save labor expenses & increase productivity, manufacturers are engaged in automation & digitization via smart machining & CNC technology.

Additionally, the expansion of EV manufacturing & the transition to the production of precision medical components are creating new demand areas. For instance, to serve EV manufacturers, large corporations like Haas Automation Inc. are varying their CNC tool portfolios. Also, the usage of reasonably priced CNC equipment by small- & medium-sized enterprises (SMEs) is another aspect driving the US Machine Tools Market expansion.

Further, as a result of technology developments, manufacturing reshoring, and the prominence of automation & precision, the machine tool sector across the United States is anticipated to develop considerably. Also, augmented investment in CNC machine tools, the employment of AI & IoT in manufacturing, and increasing domestic machine tool output by the country would all influence the US Machine Tools Market's future & ensure that the country continues to be a key participant across the global landscape as well in the forthcoming years.

US Machine Tools Market Upgrades & Recent Developments

2025:

  • DMG Mori USA Inc. unveiled its next-generation LASERTEC 4000 3D hybrid additive-subtractive machine, intended to cater to intricate aerospace component production with assimilated software for predictive maintenance.
  • Haas Automation Inc. launched its EC-1600ZT CNC Horizontal Machining Center, which features enhanced spindle power & smart manufacturing analytics incorporation, focused on heavy metalworking industries.

US Machine Tools Market Report and Forecast 2026-2032

US Machine Tools Market Dynamics

  • Driver: Expansion in Aerospace & Automotive Manufacturing to Drive the Industry Growth

The surge in demand for machine tools from the automotive & aerospace sectors is one of the primary factors driving the US Machine Tools Market. These industries require metalworking equipment that is particularly accurate & long-lasting to produce complex items. Also, as they assure constant quality & speedier output, CNC machine tools have become more & more vital as EVs, autonomous vehicles, and aircraft with enhanced fuel efficacy have become more common. Moreover, Boeing & General Motors, for example, have expanded their purchases of precision tools to expedite processes & shorten turnaround times.

  • Challenge: Higher Capital Investment to Limit the Market Demand

Despite development, the industry faces a considerable challenge, like the high initial investment related to obtaining & integrating advanced CNC technologies. This is mainly burdensome for SMEs, which might lack access to financing choices. Furthermore, the expense of skilled labor for programming & maintaining CNC systems further raises operational costs. Thus, this hampers widespread adoption, specifically in under-capitalized production units.

  • Opportunity: Smart Production & Industry 4.0 Amalgamation to Create Profitable Prospects

The advent of smart factories provides vast market opportunities. Manufacturers are progressively accepting IoT-enabled machines, AI-powered CNC systems, and predictive maintenance software. These modernizations aid in reducing downtime, optimizing energy usage, and enhancing overall equipment effectiveness (OEE). Moreover, initiatives such as the Advanced Manufacturing Partnership (AMP) by the US government are insisting that companies innovate their infrastructure & spend in smart solutions.

  • Trend: Reshoring & Localization of Production to be Trending

Reshoring manufacturing is a noticeable trend that is shifting the United States Machine Tools Market. Also, manufacturers are localizing their operations, owing to supply chain resilience, trade conflicts, and pandemic-related disruptions. Also, to decrease their reliance on imports, industries are investing in domestic machine tool manufacturing, particularly in the United States. Therefore, more investment is being made in domestic manufacturers that have the latest developments in the machine tool industry.

US Machine Tools Market Segment-Wise Analysis

By Tool Type:

  • Metal Cutting
  • Metal Forming
  • Accessories

The Metal Cutting segment leads the US Machine Tools Market owing to its prevalent application in aerospace, automotive, and general production sectors. These instruments, including lathes, drilling machines, and milling machines, are essential for detailed work on metal surfaces. Moreover, progressively, metal cutting applications are utilizing CNC machine tools, which guarantee great speed, accuracy, and reproducibility. Moreover, the demand for metal cutting tools is being further augmented in the US Machine Tools Market by increasing investments in the production of EV components & 5-axis machining for aerospace parts.

By Technology:

  • Conventional
  • CNC (Computerized Numerical Control)

The CNC segment is predicted to grab the potential market share in the forecast years. As per the improved accuracy, consistency, and suitability for automation trends, the industry is predicted to expand in the coming years. Also, complex part machining, better productivity, and reduced human error are all made possible by CNC machines. Moreover, industry 4.0 standards are met by their compatibility with CAD/CAM systems & real-time monitoring tools. Further, the growth of the CNC Machine Tools Industry is solid, enhancing its position in the market as companies strive to maximize output while decreasing waste.

What Does Our US Machine Tools Market Research Study Entail?

  • The US Machine Tools Market Research Report highlights the forecast growth rate (CAGR) by anticipating the market size and share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • The US Machine Tools Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Policy and Regulatory Landscape
  7. US Machine Tools Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Tool Type
      1. Metal Cutting
      2. Metal Forming
      3. Accessories
    3. Market Share, By Technology
      1. Conventional
      2. CNC (Computerized Numerical Control)
    4. Market Share, By End Use
      1. Automotive
      2. Aerospace and Defense
      3. Electrical and Electronics
      4. Consumer Goods
      5. Precision Engineering
      6. Others
    5. Market Share, By Competitors
      1. Competition Characteristics
      2. Revenue Shares
  8. US Metal Cutting Machine Tools Market Overview, 2020-2032F
    1. By Value (USD Million)
    2. By Technology- Market Size & Forecast 2019-2030, USD Million
  9. US Metal Forming Machine Tools Market Overview, 2020-2032F
    1. By Value (USD Million)
    2. By Technology- Market Size & Forecast 2019-2030, USD Million
  10. US Accessories Machine Tools Market Overview, 2020-2032F
    1. By Value (USD Million)
    2. By Technology- Market Size & Forecast 2019-2030, USD Million
  11. Competitive Outlook (Company Profile - Partila List)
    1. DMG Mori USA Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    2. Haas Automation Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    3. Hardinge Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    4. MAG IAS LLC
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    5. JTEKT Toyoda Americas Corporation
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    6. Okuma America Corporation
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    7. Makino Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    8. Doosan Machine Tools America
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    9. GF Machining Solutions LLC
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    10. Others
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
  12. Contact Us & Disclaimer

List of Figure

Figure 1: Market Segmentation Framework
Figure 2: Primary vs. Secondary Research Methodology
Figure 3: Breakdown of Primary Interviews by Region, Company Type, and Designation
Figure 4: US Machine Tools Market Size (USD Billion), 2020–2032
Figure 5: US Machine Tools Market Share by Tool Type, 2024
Figure 6: US Metal Cutting Tools Market Share, 2024
Figure 7: US Metal Forming Tools Market Share, 2024
Figure 8: US Accessories Market Share, 2024
Figure 9: US Machine Tools Market Share by Technology (Conventional vs. CNC), 2024
Figure 10: US Machine Tools Market Share by End Use Industry, 2024
Figure 11: Competitive Landscape – Revenue Share of Key Players, 2024
Figure 12: US Metal Cutting Machine Tools Market Size (USD Million), 2020–2032
Figure 13: US Metal Cutting Tools by Technology (Conventional vs. CNC), 2019–2030
Figure 14: US Metal Forming Machine Tools Market Size (USD Million), 2020–2032
Figure 15: US Metal Forming Tools by Technology (Conventional vs. CNC), 2019–2030
Figure 16: US Accessories Market Size (USD Million), 2020–2032
Figure 17: US Accessories Tools by Technology (Conventional vs. CNC), 2019–2030
Figure 18–27: Company Market Positioning Charts (DMG Mori, Haas, Hardinge, etc.)

List of Table

Table 1: Objectives of the Study
Table 2: Market Segmentation by Tool Type, Technology, and End Use
Table 3: Key Variables and Assumptions Used in the Study
Table 4: Sources of Secondary Data
Table 5: List of Companies Interviewed
Table 6: Breakdown of Primary Interviews – By Region, Company Type, and Designation
Table 7: US Machine Tools Market Size (USD Billion), 2020–2032
Table 8: US Machine Tools Market Share by Tool Type (%), 2024
Table 9: US Machine Tools Market Share by Technology (%), 2024
Table 10: US Machine Tools Market Share by End Use Industry (%), 2024
Table 11: Opportunity Assessment Matrix – Tool Type vs. End Use
Table 12: Recent Trends and Developments in US Machine Tools Industry
Table 13: Key Regulatory Policies and Standards Affecting the Market
Table 14: Market Share of Key Competitors, 2024
Table 15: US Metal Cutting Machine Tools Market Size (USD Million), 2020–2032
Table 16: US Metal Cutting Tools by Technology – Market Size (USD Million), 2019–2030
Table 17: US Metal Forming Machine Tools Market Size (USD Million), 2020–2032
Table 18: US Metal Forming Tools by Technology – Market Size (USD Million), 2019–2030
Table 19: US Accessories Tools Market Size (USD Million), 2020–2032
Table 20: US Accessories Tools by Technology – Market Size (USD Million), 2019–2030
Table 21: Company Profiles – Business Segment Revenue (Where Available)
Table 22: Strategic Alliances and Partnerships of Leading Companies
Table 23: Key Developments by Major Players (2021–2025)

Top Key Players & Market Share Outlook

  • DMG Mori USA Inc.
  • Haas Automation Inc.
  • Hardinge Inc.
  • MAG IAS LLC
  • JTEKT Toyoda Americas Corporation
  • Okuma America Corporation
  • Makino Inc.
  • Doosan Machine Tools America
  • GF Machining Solutions LLC
  • Others

Frequently Asked Questions

   A. The US Machine Tools Market is anticipated to witness a rise at a CAGR of around 2.64% during the forecast period, i.e., 2026-32.

   A. The expansion in aerospace & automotive manufacturing to drive the US Machine Tools Market through 2032.

   A. The higher capital investment to limit the US Machine Tools Market.

   A. The leading companies in the US Machine Tools Market are DMG Mori USA Inc., Haas Automation Inc., Hardinge Inc., MAG IAS LLC, JTEKT Toyoda Americas Corporation, Okuma America Corporation, Makino Inc., Doosan Machine Tools America, GF Machining Solutions LLC, FANUC America Corporation, Hurco Companies Inc., Fives Group, United Grinding North America Inc., and Others.