Machine tools are an inherent part of manufacturing industries and indispensable particularly to those reliant on interchangeable components. Nevertheless, global production value of machine tools has been continually fluctuating in the past seven years, recording a net decrease of 14.6 billion U.S. dollars between 2019 and 2020. Germany was the highest-ranking European country, coming in second with a market share of 15 percent. Across members of the European Association of the Machine Tool Industries (CECIMO), consumption was valued at 12.4 billion euros in 2020 and was estimated to increase to 15.9 billion euros by 2024.
International trade of machine tools
Regarding international trade figures in 2020, Europe had exported 1.3 billion euros worth of way-type unit head machines and similar ones used for drilling, boring, milling, threading or tapping. By comparison, that year machine tools for finishing metals by deburring, sharpening, grinding, honing, lapping or otherwise polishing saw their export value at 1.7 billion euros, while imports for the same items were significantly lower.
Two of the world's leading machine tool manufacturers are based in Germany
German manufacturer Trumpf Group reported almost 3.5 billion euros in global sales in 2019. Its main competitor, DMG Mori reported 1.8 billion euros in global revenue in 2020, with over one billion euros coming from its machine tools segment. Other manufacturers include the Swiss manufacturer of sheet processing systems Bystronic.
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In the following 4 chapters, you will quickly find the 25 most important statistics relating to "European machine tool industry".