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Leading countries in machine tool production by market share 2019

This statistic represents the market share of leading countries in machine tool production in 2019. That year, Germany accounted for 18 percent of the world's machine tool production and was ranked second.

Machine tool production by country

In 2019, China topped the ranking of the largest machine tool producing countries worldwide. With machine tool production to the value of about 19.9 billion euros, China's market share increased to 28 percent. China, Germany and Japan were the three leading machine tool manufacturers globally, while the United States (4.3 billion euros) and Italy (about 5.9 billion euros) accounted for six and eight percent of global machine tool production respectively.

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 2019, by country

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Sources

Release date

2020

Region

Worldwide

Survey time period

2019

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Statistics on "Machine tool industry worldwide"

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