Europe Machine Tools Market Size (2024-2030)

The Europe Machine Tools Market was valued at USD 15.44 billion and is projected to reach a market size of USD 20.73 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4.3%.

An apparatus that transforms raw materials into completed goods is called a machine tool. It can perform a variety of tasks, including shaping, grinding, drilling, and cutting. A machine tool's headstock, saddle, column, worktable, bed or base, foundation, and channels are its main components. Every component has a distinct function that aids in the machine tool's operation.

Key Market Insights:

• Metalworking machinery, such as lathes, milling machines, and grinding machines, account for around 60% of the European machine tools market share.
• Germany holds the largest market share of approximately 30% in the European machine tools market, driven by its strong manufacturing base and the presence of major industry players.
• The automotive industry is the largest end-user of machine tools in Europe, constituting around 25% of the market demand, followed closely by the aerospace and defense sectors.
• The adoption of advanced technologies, such as computer numerical control (CNC) and additive manufacturing (3D printing), in machine tools is growing at a rate of approximately 12% annually, driven by the need for increased productivity, precision, and flexibility in manufacturing processes.

Global Europe Machine Tools Market Drivers:

Coolants and lubricants that enhance machine tool performance and productivity are driving the market:

Cutting fluids or coolants are frequently used in machine-tool operations to lessen the harmful effects of friction and high temperatures. These fluids serve two primary purposes: cooling and lubrication. Lubrication is essential when cutting threads on a lathe or with a tap; cooling is more significant during production-grinding operations. Although water is a great cooling agent, it can corrode metal objects. Despite having excellent lubricating qualities, lard oil can eventually become rancid. Since sulfurized mineral oil helps keep work-related chips from adhering to the tooltip, it is frequently used as a coolant. Soluble oil is frequently used for tasks involving sawing and grinding. It is an oleaginous mixture that readily forms an emulsion when combined with water. This kind of coolant offers cooling as well as lubricating qualities.

The European machine tool markets are experiencing rapid expansion and advancement due to the following factors:

Machine tools are beneficial in many different fields. They are less labor-intensive, more efficient, and require less effort than human labor. These advantages support the machine tool industry's growth. Additionally, the industry continues to grow due to the quick development of novel concepts and technologies. Performance has improved dramatically as a result of recent improvements in hardware and software, especially the incorporation of 3D printing technology with machine tools. Improved capabilities and increased precision in manufacturing processes are the results of this integration. Better parameter monitoring during the production process is also made possible by the integration of the Internet of Things (IoT) into machine tools. IoT-enabled machine tools can track and optimize performance from the beginning to the end, producing more dependable and efficient results.

Europe Machine Tools Market Challenges and Restraints:

A number of factors have impeded the machine tool market's expansion in recent years. The European economic downturn is a major obstacle, as it has reduced investment and machine tool demand in the area. Furthermore, the high price of contemporary CNC (Computer Numerical Control) machinery and supplies has hindered market expansion. The machine tool industry is dominated in Eastern European regions by small-scale enterprises and local manufacturers. However, a lot of these companies continue to use antiquated and primitive machine tools. In comparison to peers who use CNC machines that are more recent, this dependence on outdated equipment has a detrimental effect on productivity and efficiency. As a result, these companies might find it difficult to successfully compete in the market, which would restrict the industry's ability to grow and innovate.

Europe Machine Tools Market Opportunities:

The European machine tool market offers numerous chances for expansion and development. One opportunity is provided by the growing need for automation and Industry 4.0 technologies, which gives businesses the chance to create and incorporate sophisticated CNC systems, Internet of Things connectivity, and intelligent manufacturing solutions. Additionally, businesses have the chance to invest in 3D printing technologies and create new materials and procedures thanks to the growing popularity of additive manufacturing. Additionally, there is a growing market for machine tools that can process advanced materials, giving producers a chance to create high-precision machinery specifically suited to these requirements. In addition, the emphasis on sustainability and energy efficiency gives businesses the chance to innovate in environmentally friendly machining techniques and produce ecologically friendly goods. Additionally, as manufacturing processes become more digitally connected, businesses can now offer digital twin solutions, predictive maintenance, and data analytics to increase efficiency and productivity. The need for machine tools that are both customized and adaptable offers manufacturers a chance to create designs that are versatile and modular, allowing them to adjust to changing production requirements. All things considered, these chances give businesses in the Europe Machine Tools Market the ability to develop, broaden their product lines, and maintain their competitiveness in a market that is changing quickly.

EUROPE MACHINE TOOLS MARKET REPORT COVERAGE:

Europe Machine Tools Market Segmentation:

Europe Machine Tools Market Segmentation: By Type

• Lathe Machines
• Milling Machines
• Laser Machines
• Grinding Machines
• Welding Machines
• Winding Machines
• Others

The machine tool market is led by milling machines in the product type category, and this trend is anticipated to persist. Milling machines are adaptable and have the ability to handle heavy components and produce both small and large quantities. They are extensively utilized in a number of industries that are growing in importance in Europe, including the building, aerospace, and automotive sectors. The market segment is growing due to the advantages that milling machines offer. However, when it comes to machine tools, the category with the fastest-growing market share in Europe is laser machines. A wide range of materials can be cut, engraved, marked, and welded with remarkable flexibility, speed, and precision using laser equipment. Because of its adaptability, laser technology is becoming more and more important in industries like electronics, automotive, aerospace, and medicine.

Europe Machine Tools Market Segmentation: By Technology Type

• Conventional
• CNC (Computerized Numerical Control)

In the upcoming years, CNC machine tools are anticipated to experience rapid growth in the automation-related segment of the machine tool market. The European machine tool industry's growing need for efficiency and contemporary automation techniques is what's fueling this expansion. In order to accomplish these objectives, CNC machines are essential because they minimize production errors, lower operating costs, and enable the seamless adoption of preprogrammed equipment that will support the expansion of the Internet of Things. In order to avoid production surprises during setup, digital twins are also used in the CNC machine setup process. This has advantages for industries like the automotive sector. CNC Machine Tools are anticipated to experience significant growth in the machine tool market's automation-related segment in the upcoming years. The European machine tool industry is experiencing a surge in growth due to the growing need for efficiency and contemporary automation techniques. CNC machines are essential to accomplishing these objectives because, through preprogrammed equipment, they help lower operating costs, minimize production errors, and promote smooth adoption of the Internet of Things (IoT). Digital twins are also being used in CNC machine setup to avoid production surprises during setup, which is beneficial for sectors like the automotive industry.

Europe Machine Tools Market Segmentation: By Sales Channel

• Direct
• Indirect

Direct sales channels and distributors make up the machine tool market. The market is currently led by the distributor sector, which is predicted to expand quickly. Distributors provide end users with a number of advantages, such as accessible locations and easy access to after-sale services. The bulk of machine tool sales in Europe are made through distribution channels. Conversely, direct sales are usually the way to go for larger projects that are uncommon in the market. In the European machine tool market, the segment with the fastest growth is the indirect sales channel segment. Producers and end users can gain from indirect sales channels in a number of ways, including reduced marketing expenses, a larger market share, better customer support, and simpler access to shared devices. Small and medium-sized enterprises (SMEs) have a particular preference for indirect sales channels because they depend on distributors to supply machine tools at fair prices and to provide post-purchase support. Sales via indirect channels account for a larger proportion of sales in nations like Germany, Spain, and Italy, where there is a substantial concentration of machine tool distributors.

Europe Machine Tools Market Segmentation: By End Use Industry

• Automotive
• Aerospace and Defense
• Electrical and Electronics
• Consumer Goods
• Precision Engineering
• Others

During the projection period, the automotive industry, which holds a dominant position in the segment, is anticipated to grow at a faster rate than other industries. Numerous automakers are based in Western European nations, and the automotive industry is one of the region's biggest consumers of machine tools. It makes use of more than half of these tools' total output.  Hybrid cars are becoming more and more popular, while electric cars are gaining traction quickly. Businesses are using automated equipment more and more to improve their operations' production efficiency. The largest industry supporting the engineering sector is metalworking, which is predicted to grow significantly over the next several years primarily as a result of an increase in small and medium-sized businesses (SMEs). The aerospace industry and factories that produce electric and electronic goods are two other important end users of machine tools. The need for machine tools in the area is influenced by these industries.

Europe Machine Tools Market Segmentation: By Region

• UK
• Germany
• France
• Italy
• Spain
• Rest of the Europe

As of 2022, Germany has the biggest market share in the nation segment and is predicted to grow quickly over the next several years. This is mostly because of its dominance in important industries that are vital to the European economy, like aerospace and the automotive sector. Another significant manufacturer of passenger cars is Germany. Furthermore, the expansion of the machine tool industry in Germany is facilitated by the existence of multiple major corporations.

Italy's machine tool industry is predicted to grow significantly during the projection period. In order to secure their place in the market, a large number of companies across the country are concentrating on satisfying the demands of the country's customers by placing a high value on their products. Italy's expansion in this field is indicative of its growing significance and input to the machine tool industry in Europe as a whole.

COVID-19 Impact on the global Europe Machine Tools Market:

Many industries, including the aerospace and automotive ones, experienced widespread production halts as a result of the COVID-19 pandemic. In order to stop the virus from spreading, many countries also imposed orders to stay at home, which had an immediate effect on the market for machine tools. Significant growth in the market is anticipated as sectors emerge from this crisis. As these sectors resume operations and increase production, the demand from sectors like aerospace and automotive will determine how much of this growth occurs.

Latest Trend/Development:

Many trends are starting to emerge in the European machine tool market. Machine intelligence is increasing thanks to automation and smart technologies like the Internet of Things. The ability to quickly create complex parts is driving the popularity of additive manufacturing, which includes 3D printing. Additionally, processing cutting-edge materials and improving the energy and environmental friendliness of machinery are priorities. Process improvement is aided by digitalization and data analytics, and machine design flexibility and customization are becoming more and more crucial. In the manufacturing industry, collaborative robots are also being used to increase efficiency and security. All in all, these patterns stimulate innovation and assist producers in maintaining their competitiveness.

Key Players:

1. Komatsu
2. Chiron Group SE
3. Spinner Machine Tools
4. Schuler AG
5. DMG Mori Aktiengesellschaft
6. Georg Fischer Ltd.
7. Trumpf group
8. Gleason Corporation
9. Flow International
10. Gebr. Heller Maschinenfabrik GmbH

Market News:

• The second generation of the HF 3500 5-axis model and the fourth iteration of the H-Series 4-axis HMCs were among the new horizontal machining centers that Heller unveiled in March 2022. With the minimum distance between the spindle nose and the centerline dropping by roughly 50% in the second generation, these improvements are intended to improve cutting performance.
• As part of its Strategy 2025, GF subsidiary CF Machining Solutions announced in July 2022 that it would be acquiring Vam Control S.r.l. in Italy. The purpose of this acquisition is to increase automation and milling capabilities while broadening the range of services available in Europe. Through this acquisition, GF Machining Solutions will provide additional services, such as minor machine repairs and rebuilding necessary equipment and components, to the European market.