North America Machine tools Market (2025-2031) | Revenue, Analysis, Share, Companies, Forecast, Size, Industry, Trends, Outlook, Value & Growth

North America Machine tools Market Highlights

Report Name	North America Machine tools Market
Forecast Period	2025-2031
Market Size	USD 151.26  billion by 2031
CAGR	5.8%
Growing Sector	Automotive & Transportation

Topics Covered in North America Machine tools Market Report

The North America Machine tools Market Report thoroughly covers the market By Countries, By product type, by automation type and by industry segment and by sales channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Machine tools Market Size Analysis

North America Machine tools Market was valued at USD 114.4 billion and is expected to reach USD 151.26 billion, growing at a CAGR of around 5.8% from 2025 to 2031. The machine tools industry plays a crucial role in the manufacturing sector, providing essential machinery for various industries such as automotive, aerospace, and consumer goods. In North America, the machine tools market has been growing steadily over the years, driven by technological advancements and a strong demand for high-precision and efficient machinery.

North America Machine tools Market Synopsis

The North America Machine tools Market is expected to continue its growth trajectory in the coming years. Advancements in technology, increasing demand for automation, and development of key industries are some of the factors that will contribute to this growth.

According to 6wresearch, the market size is expected to grow at a significant CAGR of around 5.8% during the forecast period 2025-2031. Continuous advancements in technology have played a pivotal role in driving the growth of the machine tools market in North America. The introduction of advanced machinery equipped with features such as high precision, enhanced speed, and superior efficiency has revolutionized manufacturing processes, making them more cost-effective and streamlined. The rising demand for high-precision components, particularly in key industries such as automotive, aerospace, and electronics, has further fuelled the market’s expansion. Machine tools are indispensable for producing these components with exceptional accuracy and consistency, ensuring their vital role in the region’s industrial landscape. The increasing adoption of automation across various industries has also significantly boosted the demand for machine tools. Automated systems, which rely on precision and efficiency, necessitate the use of advanced machine tools to optimize production processes. As companies continue to invest in automation to enhance productivity and remain competitive, the demand for sophisticated machine tools is expected to rise steadily. The industrial sector remains a cornerstone of the North American economy, with nations like the United States and Canada serving as major manufacturing hubs. This industrialization trend has further propelled the need for machine tools, creating opportunities for innovation and growth. Moreover, governments in the region have introduced policies and initiatives to promote industrial growth, particularly in the manufacturing sector. These measures have fostered a supportive environment for businesses to adopt cutting-edge technologies and invest in advanced equipment, including machine tools.

However, the market faces several challenges that could impede its growth. The high cost associated with purchasing and setting up machine tools presents a significant barrier, particularly for small and medium-sized enterprises (SMEs), which often have limited capital. Additionally, the increasing complexity and automation of manufacturing processes have created a heightened demand for skilled labour capable of operating advanced machine tools. Unfortunately, a shortage of skilled workers in North America poses a considerable challenge for the industry.

The North American machine tools market also encounters intense competition from Asian nations such as China, Japan, and South Korea, which offer cost-effective alternatives. These low-cost options make it difficult for North American companies to compete, further intensifying market pressures. Furthermore, strict environmental regulations in North America add another layer of complexity, as companies must adhere to stringent standards while maintaining efficient and sustainable production practices. Compliance with these regulations often requires significant investment and time, placing additional strain on manufacturers. Despite these obstacles, the machine tools market in North America continues to exhibit strong growth potential, driven by technological innovation, industrial expansion, and an increasing focus on automation. Addressing challenges such as affordability, labour shortages, and regulatory compliance will be key to sustaining this momentum in the coming years.

 Machine tools Market in North America: Novel Trends

The North America Machine Tools Market is set to experience substantial growth, driven by technological advancements, rising demand across diverse industries, and continuous innovation. Key future trends likely to shape the market include the integration of artificial intelligence (AI), machine learning (ML), smart factories, and digital manufacturing processes. These innovations are expected to enhance precision, efficiency, and automation. Sustainability is becoming a critical focus, with increasing emphasis on reducing carbon emissions. This shift may spur demand for hybrid or electric-powered machine tools, creating opportunities for manufacturers to develop eco-friendly solutions.

Additionally, the growth of e-commerce and online retailing could drive demand for smaller, portable machine tools suitable for small businesses and individual users. This emerging segment may open new avenues for market expansion, offering a blend of accessibility and versatility to cater to evolving customer needs.

Investment Opportunities in North America Machine Tools Industry

The North America Machine Tools Market presents significant and diverse investment opportunities, making it a compelling option for businesses. The rapid expansion of industries like automotive, aerospace, and electronics has fuelled a growing demand for advanced machine tools in the region. A key area of investment lies in smart manufacturing technologies, which require machine tools with automation and data analytics capabilities. This creates opportunities for innovation through research and development. Additionally, the trend of restoring manufacturing operations to North America offers scope for businesses to invest in local production facilities, reducing logistics costs, generating employment, and driving economic growth.

Furthermore, the increasing emphasis on sustainability and energy efficiency has created demand for environmentally friendly machine tools, opening another investment avenue. With rising demand for advanced manufacturing technologies, the market offers a lucrative platform for businesses to grow, innovate, and establish leadership in the industry.

Leading Players Expanding North America Machine Tools Market Share

The North America machine tools market is projected to experience substantial growth between 2025 and 2031, driven by the presence of prominent industry players such as Haas Automation, Inc., Makino Milling Machine Co., Ltd., and Fives Group. These companies are actively investing in research and development to introduce advanced machine tools with enhanced precision and efficiency. Collaborations with small-scale manufacturers further support market expansion in the region. Key players like DMG MORI CO., LTD., Hardinge Inc., and Doosan Machine Tools Co., Ltd. are recognized for their innovative products and extensive customer base across industries such as automotive, aerospace, and healthcare. The region’s robust manufacturing sector significantly contributes to this growth, with rising demand for customized and complex components prompting manufacturers to adopt advanced machine tools. The competitive landscape fosters continuous innovation, ensuring high-quality products and promoting market development in North America.

Government Regulations for Effective Market Performance

The North America machine tools market is poised for substantial growth from 2025 to 2031, driven by robust government initiatives. These include tax incentives, subsidies, and R&D funding to foster advancements in machine tools. Governments are encouraging collaborations between manufacturers, academic institutions, and research organizations to spur innovation. A strong emphasis is placed on developing a skilled workforce through vocational training and partnerships with technical schools. Efforts to enhance infrastructure and logistics networks aim to improve supply chain efficiency for the industry.

Additionally, policies promote domestic manufacturing and support SMEs in adopting advanced technologies, contributing to economic growth. Streamlined trade and investment regulations further create a business-friendly environment, collectively propelling the machine tools market towards unprecedented growth.

Future Insights of the North America Machine tools Market Growth

The growth of the North America machine tools market is expected to continue during the forecast period, with an increasing focus on automation and precision in manufacturing processes. Government initiatives promoting the adoption of advanced technologies and investments in research and development are also expected to drive market growth. The rising demand for precision components in various industries, such as aerospace, defence, and medical devices, will further propel the market forward.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

United States to Dominate the Market- By Countries

Based on current market trends and growth patterns, it is expected that the United States will lead the North America Machine Tools Market from 2025 to 2031. This can be attributed to factors such as a strong manufacturing industry, high demand for advanced machining solutions in various sectors, and technological advancements in CNC machine tools.

Milling Machines to dominate the Market-By Product type

According to Ravi Bhandari, Research Head, 6Wresearch, in terms of product type, milling machines are expected to have the highest market share due to their versatile applications in various industries. However, with the rise of electric and hybrid vehicles, demand for grinding machines is also expected to increase in the automotive sector.

CNC Machine Tools to Dominate the Market – By Automation Type

CNC machine tools are projected to dominate the automation type segment as they offer higher precision and efficiency compared to conventional machine tools.

Automotive & Transportation to Dominate the Market- By Industry Segment

In terms of industry segments, the automotive and transportation sector is expected to hold the largest share due to continuous investments in R&D and production processes. Sheet metals and capital goods are also expected to contribute significantly to this market's growth.

Events & Exhibitions to Dominate the Market- By Sales Chanel

The sales channel segment that is expected to lead in the North America Machine tools Market (2025-2031) is Events and Exhibitions, closely followed by Dealers and Distributors. This can be attributed to the increasing number of industry-specific trade shows and exhibitions being held in North America, providing a platform for manufacturers to showcase their latest machine tool technologies.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Machine tools Market Outlook
• Market Size of North America Machine tools Market, 2024
• Forecast of North America Machine tools Market, 2031
• Historical Data and Forecast of North America Machine tools Revenues & Volume for the Period 2021 - 2031
• North America Machine tools Market Trend Evolution
• North America Machine tools Market Drivers and Challenges
• North America Machine tools Price Trends
• North America Machine tools Porter's Five Forces
• North America Machine tools Industry Life Cycle
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Product Type for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Milling Machines for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Drilling Machines for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Turning Machines for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Grinding Machines for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Electrical Discharge Machines for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Product Type for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Milling Machines for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Drilling Machines for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Turning Machines for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Grinding Machines for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Electrical Discharge Machines for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Product Type for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Milling Machines for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Drilling Machines for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Turning Machines for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Grinding Machines for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Electrical Discharge Machines for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Automation Type? for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By CNC Machine Tools for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Conventional Machine Tools for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Automation Type? for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By CNC Machine Tools for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Conventional Machine Tools for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Automation Type? for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By CNC Machine Tools for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Conventional Machine Tools for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Industry Segment for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Automotive and Transportation for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Sheet Metals for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Capital Goods for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Industry Segment for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Automotive and Transportation for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Sheet Metals for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Capital Goods for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Industry Segment for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Automotive and Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Sheet Metals for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Capital Goods for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Sales Channel for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Events and Exhibitions for the Period 2021 - 2031
• Historical Data and Forecast of North America Machine tools Market Revenues & Volume By Dealers and Distributors for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Sales Channel for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Events and Exhibitions for the Period 2021 - 2031
• Historical Data and Forecast of United States Machine tools Market Revenues & Volume By Dealers and Distributors for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Sales Channel for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Events and Exhibitions for the Period 2021 - 2031
• Historical Data and Forecast of Canada Machine tools Market Revenues & Volume By Dealers and Distributors for the Period 2021 - 2031
• North America Machine tools Market - Key Performance Indicators
• North America Machine tools Market - Import Export Trade Statistics
• North America Machine tools Market - Opportunity Assessment By Countries
• North America Machine tools Market - Opportunity Assessment By Product Type
• North America Machine tools Market - Opportunity Assessment By Automation Type?
• North America Machine tools Market - Opportunity Assessment By Industry Segment
• North America Machine tools Market - Opportunity Assessment By Sales Channel
• North America Machine tools Market - Top Companies Market Share
• North America Machine tools Market - Top Companies Profiles
• North America Machine tools Market - Comparison of Players in Technical and Operating Parameters
• North America Machine tools Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Product type

• Milling Machines
• Drilling Machines
• Turning Machines
• Grinding Machines
• Electrical Discharge Machines

By Automation Type

• Natural
• Synthetic

By Application Type

• CNC Machine Tools,
• Conventional Machine Tools

By Industry segment

• Automotive and Transportation
• Sheet Metals
• Capital Goods,
• Energy

By Sales Channel

• Events & Exhibition
• Dealers & Distribution