In 2021, China, Germany, and Japan were the powerhouses of machine tool industry worldwide. That year, China accounted for 31 percent of the world's machine tool production, while Germany and Japan each accounted for 13 percent.
Machine tool production by country
In 2020, China topped the ranking of the largest machine tool producing countries worldwide. With machine tool production to the value of about 21.8 billion euros, China's market share increased to 31 percent from 29 the year before. China, Germany, and Japan were the three leading machine tool manufacturers globally, while the United States (6.3 billion euros) and Italy (5.7 billion euros) accounted for nine and eight percent of global machine tool production respectively.
Leading machine tool manufacturers
The world’s biggest machine tool manufacturing companies include China’s Shenyang, Germany’s Trumpf, and Germany-based DMG Mori Seiki . Overall, Asian countries accounted for over 50 percent of global machine tool production. The leading Asian machine tool producing countries include China, Japan, South Korea, Taiwan, and India.
Machine tool producers' market share in 2021, by country
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VDW. (June 10, 2022). Machine tool producers' market share in 2021, by country [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/264213/leading-countries-in-machine-tool-production-based-on-market-share/
VDW. "Machine tool producers' market share in 2021, by country." Chart. June 10, 2022. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/264213/leading-countries-in-machine-tool-production-based-on-market-share/
VDW. (2022). Machine tool producers' market share in 2021, by country. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/264213/leading-countries-in-machine-tool-production-based-on-market-share/
VDW. "Machine Tool Producers' Market Share in 2021, by Country." Statista, Statista Inc., 10 Jun 2022, https://www.statista.com/statistics/264213/leading-countries-in-machine-tool-production-based-on-market-share/
VDW, Machine tool producers' market share in 2021, by country Statista, https://www.statista.com/statistics/264213/leading-countries-in-machine-tool-production-based-on-market-share/ (last visited November 04, 2024)
Machine tool producers' market share in 2021, by country [Graph], VDW, June 10, 2022. [Online]. Available: https://www.statista.com/statistics/264213/leading-countries-in-machine-tool-production-based-on-market-share/