U.S. Machine Tool Market. Analysis And Forecast to 2030
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View PricingMachine Tool Price in the United States - 2023
Contents:
- Machine Tool Price in the United States (CIF) - 2023
- Machine Tool Price in the United States (FOB) - 2023
- Machine Tool Imports in the United States
- Machine Tool Exports in the United States
Machine Tool Price in the United States (CIF) - 2023
The average machine tool import price stood at $23,655 per ton in August 2023, rising by 3.1% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the peak figure in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($42,071 per ton), while the price for China ($7,099 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Machine Tool Price in the United States (FOB) - 2023
In August 2023, the average machine tool export price amounted to $65,648 per ton, shrinking by -10.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 18% month-to-month. Over the period under review, the average export prices hit record highs at $73,192 per ton in July 2023, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($112K per ton), while the average price for exports to India ($28,518 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Machine Tool Imports in the United States
In 2022, approx. 417K tons of machine tools were imported into the United States; rising by 19% on the year before. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 457%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, machine tool imports surged to $8.1B in 2022. Overall, imports saw a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machine Tool in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,382 | 1,637 | 1,841 | 2,093 | -4.2% |
| Germany | 1,326 | 1,089 | 1,141 | 1,205 | -3.1% |
| Italy | 583 | 521 | 537 | 656 | 4.0% |
| South Korea | 607 | 459 | 482 | 630 | 1.2% |
| China | 514 | 483 | 541 | 607 | 5.7% |
| Canada | 416 | 365 | 442 | 531 | 8.5% |
| Taiwan (Chinese) | 479 | 315 | 356 | 526 | 3.2% |
| Switzerland | 484 | 355 | 363 | 440 | -3.1% |
| United Kingdom | 94.9 | 116 | 172 | 176 | 22.9% |
| Thailand | 127 | 84.6 | 114 | 170 | 10.2% |
| Mexico | 79.8 | 70.7 | 101 | 107 | 10.3% |
| India | 34.0 | 26.3 | 46.3 | 62.4 | 22.4% |
| Vietnam | 6.3 | 6.9 | 17.4 | 16.2 | 37.0% |
| Others | 773 | 667 | 862 | 925 | 6.2% |
| Total | 7,906 | 6,197 | 7,016 | 8,143 | 1.0% |
Top Suppliers of Machine Tool to the United States in 2022:
- China (96.2K tons)
- Japan (81.5K tons)
- Taiwan (Chinese) (42.5K tons)
- South Korea (33.8K tons)
- Germany (30.6K tons)
- Italy (24.7K tons)
- Canada (13.7K tons)
- Switzerland (10.8K tons)
- Thailand (8.7K tons)
- India (7.9K tons)
- United Kingdom (7.6K tons)
- Vietnam (7.6K tons)
- Mexico (7.1K tons)
Machine Tool Exports in the United States
In 2022, shipments abroad of machine tools decreased by -8.1% to 64K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 363% against the previous year.
In value terms, machine tool exports expanded rapidly to $4B in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Machine Tool in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 939 | 712 | 935 | 1,104 | 5.5% |
| Canada | 702 | 597 | 682 | 800 | 4.5% |
| China | 247 | 225 | 247 | 259 | 1.6% |
| Belgium | 303 | 156 | 352 | 221 | -10.0% |
| Netherlands | 126 | 95.8 | 118 | 218 | 20.0% |
| Germany | 140 | 98.8 | 128 | 146 | 1.4% |
| India | 89.7 | 55.0 | 124 | 110 | 7.0% |
| Brazil | 83.8 | 77.0 | 136 | 106 | 8.1% |
| United Kingdom | 106 | 69.7 | 115 | 103 | -1.0% |
| Japan | 117 | 110 | 91.1 | 69.1 | -16.1% |
| Others | 774 | 678 | 746 | 818 | 1.9% |
| Total | 3,626 | 2,874 | 3,673 | 3,954 | 2.9% |
Top Export Markets for Machine Tool from the United States in 2022:
- Mexico (15.8K tons)
- Canada (7.0K tons)
- Belgium (7.0K tons)
- India (5.7K tons)
- China (5.0K tons)
- Netherlands (4.3K tons)
- United Kingdom (1.9K tons)
- Brazil (1.4K tons)
- Germany (1.3K tons)
- Japan (0.7K tons)
This report provides an in-depth analysis of the machine tool market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333517 - Machine tool manufacturing
Companies mentioned:
- The Scotts Miracle-Gro Company
- Electroimpact
- Noble Drilling Services
- Trumpf
- Haas Automation
- Gleason Corporation
- Hypertherm
- Victor Technologies Group
- Mazak Corporation
- Hardinge
- Makino Inc.
- Wagstaff
- Atlas Copco Drilling Solutions
- U. S. Tool Grinding
- Wilson Tool International
- Stolle Machinery Company
- Nidec Minster Corporation
- Peddinghaus Corporation
- Kps Capital Partners
- Ridge Tool Company
- Husqvarna Construction Products North America
- Fives Landis Corp.
- Madison Capital Partners
- Graywood Companies
- Schick Manufacturing
- Victor Technologies International
- U.S. Union Tool
- NM Group Global
- Milacron Marketing Company
- Manan Tool & Manufacturing Inc
- Murata Machinery USA Holdings
- Rockwood Service Corporation
- Kobe Steel USA Holdings Inc.
- Victor Technologies Holdings
- Port City Group
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Machine Tool imports reached a significant value of $735M in June 2023.
1522
Machine Tool imports totaled $784M in March 2023
2464
In 2016, the machine tool market increased by X% to X million USD, fluctuating considerably over the period under review.
71
During the review period, Scale And Balance imports reached a peak in 2023 and are projected to continue growing. In terms of value, imports slightly decreased to $942M in 2023.
136
In April 2023, the growth rate of Scale And Balance was exceptionally high, increasing by 30% compared to the previous month. The value of imports declined to $77M in November 2023.
213
In April 2023, the growth of Scale And Balance was at its most rapid, experiencing a month-to-month increase of 30%. By August 2023, the value of imports for Scale And Balance reached $87M.
192
In April 2023, the scale and balance price stood at $10,884 per ton (CIF, US), with a decrease of -19.5% against the previous month.
732
The U.S. takes first place in global imports of scales and balances, accounting for a X% share (based on USD). It was followed by China (X%), Germany (X%), and Japan (X%). In 2015, U.S. scale and balance imports totaled X
1221
In November 2022, the rolling mill price amounted to $17.5 per kg (CIF, US), which is down by -31.5% against the previous month.
615
In value terms, calendering and other rolling machines imports amounted to $X in 2016. In general, calendering and other rolling machines imports continue to indicate a relatively flat trend patter...
