In 2019, Japan-based Mazak generated a revenue of around 5.28 billion U.S. dollars, making it the largest machine tool manufacturer worldwide.
Ranking of machine tool manufacturers
The world’s largest machine tool manufacturing companies include Japan's Mazak, Germany's Trumpf, and China's Shenyang. DMG Mori Seiki Co. acquired a majority stake in its German sister company in 2015 to become one of the largest machine tool manufacturing company in the world.
Machine tools are used to shape rigid metals such as metals, by cutting, shearing, grinding or lathing. They are typically operated by a machinist. However, the actual working process is beyond the machinist’s control. Today, machine tools are often computerized machines, where blueprints, or so-called computer-aided designs (CAD), are converted into computer-aided manufacturing (CAM) programs during the parts manufacturing process.
Machine tools are used in a wide array of industries, enabling the precise manufacture of parts and components. Germany’s Schuler AG is a major player in the area of minting technology. The manufacturer of mechanical and hydraulic press systems, tool and die systems, hydroforming machinery and process automation equipment has customers around the world, including the Royal Canadian Mint or the Mexican Mint. China, Japan, Germany and South Korea are among the leading producing countries of machine tools.
Largest machine tool manufacturers in 2019, based on revenue
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
MachineMfg. (August 22, 2020). Largest machine tool manufacturers in 2019, based on revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 10, 2024, from https://www.statista.com/statistics/270234/largest-machine-tool-manufacturers-based-on-revenue/
MachineMfg. "Largest machine tool manufacturers in 2019, based on revenue (in billion U.S. dollars)." Chart. August 22, 2020. Statista. Accessed December 10, 2024. https://www.statista.com/statistics/270234/largest-machine-tool-manufacturers-based-on-revenue/
MachineMfg. (2020). Largest machine tool manufacturers in 2019, based on revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 10, 2024. https://www.statista.com/statistics/270234/largest-machine-tool-manufacturers-based-on-revenue/
MachineMfg. "Largest Machine Tool Manufacturers in 2019, Based on Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Aug 2020, https://www.statista.com/statistics/270234/largest-machine-tool-manufacturers-based-on-revenue/
MachineMfg, Largest machine tool manufacturers in 2019, based on revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/270234/largest-machine-tool-manufacturers-based-on-revenue/ (last visited December 10, 2024)
Largest machine tool manufacturers in 2019, based on revenue (in billion U.S. dollars) [Graph], MachineMfg, August 22, 2020. [Online]. Available: https://www.statista.com/statistics/270234/largest-machine-tool-manufacturers-based-on-revenue/