Global Cnc Machining Centers And Turning Centers Market Size & Outlook
The global cnc machining centers and turning centers market size was estimated at USD 27,637.9 million in 2024 and is projected to reach USD 40,608.1 million by 2030, growing at a CAGR of 6.6% from 2025 to 2030.
Revenue, 2024 (US$M)
$27,637.9
Forecast, 2030 (US$M)
$40,608.1
CAGR, 2025 - 2030
6.6%
Report Coverage
Worldwide
Global cnc machining centers and turning centers market, 2018-2030 (US$M)
Related Markets
Global cnc machining centers and turning centers market highlights
- The global cnc machining centers and turning centers market generated a revenue of USD 25,993.5 million in 2023 and is expected to reach USD 40,608.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.6% by 2030.
- In terms of segment, machining center accounted for a revenue of USD 16,001.8 million in 2023.
- Machining Center is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,993.5 million |
| Market revenue in 2030 | USD 40,608.1 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Machining center |
| Fastest growing segment | Machining Center |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Machining Center, Turning Machine |
Other key industry trends
- In terms of revenue, the North America accounted for 15.4% of the global cnc machining centers and turning centers market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 4,034.8 million by 2030.
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CNC Machining Centers and Turning Centers Market Scope
Cnc machining centers and turning centers market segmentation & scope
CNC Machining Centers and Turning Centers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cnc machining centers and turning centers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cnc machining centers and turning centers market size, 2023 (US$M)
Global cnc machining centers and turning centers market share, by end use, 2023 & 2030 (%, US$M)
Cnc machining centers and turning centers market: Opportunity assessment by country
Global cnc machining centers and turning centers market, by region, 2024 (US$M)
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