Press Release Description

United States Machine Tools Market to Reach USD15.41 Million by 2030 Due to Increasing Demand for Precision Manufacturing


The United States Machine Tools Market size was valued at USD12.62 million in 2024 and is expected to reach USD15.41 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.38% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The market growth is driven by several factors, including the rising demand for precise manufacturing and to decrease in the scrap rate from the manufacturing facilities to scale up the production capacity of all the industries, such as aerospace, defense, automotive, medical devices, electronics, and many more running in the country. The machine tools are a better solution to further elevate the manufacturing sector in the United States.

Additionally, the national government of the United States is investing significantly in the expansion of the production units for machine tool manufacturing by allocating millions of dollars to this sector. Also, for the past few years, the country has experienced the reshoring of the manufacturing industry due to geopolitical reasons such as tariffs & charges. These are creating the demand to upscale the manufacturing industry back to the United States, thus contributing to the potential growth of the United States Machine Tools Market.

Moreover, the adoption of technologically advanced machines has increased the market for smart machine tools, which are more efficient, precise, intelligent, and flexible as compared to conventional systems. Furthermore, these advanced machine tools include the Computer Numerical Control (CNC) systems, along with metal cutting tools are leading in the US market, thus dominating the particular segments. However, the market is facing some major challenges, including the high production cost due to the expensive raw materials such as iron and alloys that are used in their manufacturing. In addition, the country has an insufficient skilled workforce to operate these smart machines, thus restraining the market’s growth, further states the research report, United States Machine Tools Market Analysis, 2025.”

United States Machine Tools Market

United States Machine Tools Market Segmentation Analysis

CNC (Computer Numerical Control) Machines Hold the Largest Market Share

Based on the automation level, the market is further bifurcated into CNC (Computer Numerical Control) Machines and Conventional Machines. Among these, the CNC (Computer Numerical Control) Machines are leading the segment with more than 75% of market share. This segment is dominating due to the rising demand for automated and precision manufacturing in the country. These advanced machines are equipped with highly efficient features, providing better optimization, reducing delays, and manual tasks as compared to conventional machine tools.

Many companies, such as Haas Automation Inc., the largest machine tools manufacturer in the United States, actively manufacture CNC machines, thus contributing to the supremacy of CNC in this segment. The US produces several thousand units of these machines, including CNC machines, annually. This high production capacity is providing evidence for the dominance of these machines in the United States Machine Tools Market.

Metal Cutting Tools Generating Maximum Market Revenue

Metal cutting tools hold the largest market share of more than 40%. The supremacy is due to the well-established production base for metal-cutting machine tools in the United States. Thousands of cutting tools manufacturing facilities are in the United States only, which include mills, drills, reamers, etc., that are contributing to the dominance of the metal cutting machine tools segment in this market. A billion dollars in revenue is being generated annually by the manufacturing companies of metal cutting tools, including Kennametal Inc., Harvey Tool, and OSG USA. These factors are showing significant market growth and leading to the dominance of metal cutting tools in this industry.

Additionally, the federal grants are distributed directly to different states of the country for the expansion of these manufacturing units, such as Connecticut’s supply chain initiative. Moreover, for further reference, due to the high demand for the perfect shape and size of electrically conductive materials in several industries like aerospace, automotive, medical devices, electronics, etc., the Electrical Discharge Machines (EDM) are dominating the segment in the United States Machine Tools Market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including DMG Mori USA, Inc., Haas Automation, Inc., Hardinge Inc., MAG IAS LLC, JTEKT Toyoda Americas Corporation, Okuma America Corporation, Makino Inc., Doosan Machine Tools America, GF Machining Solutions LLC, FANUC America Corporation, Hurco Companies Inc., Fives Group, United Grinding North America, Inc., and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the country?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping up across the country?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now
Need Assistance?
Customization Offered
100% Safe & Secure

Strongest encryption on the website to make your purchase safe and secure