The global export market for numerically controlled machine tools is led by Italy and Germany, comprising over 39% of the total share in US Dollars. Italy's market expanded by 1.88% year-on-year, while Germany experienced a 0.8% increase. Significant growth was observed in countries like Canada and the Czech Republic, with over 10% year-on-year growth. Emerging markets such as Oman and Chile showed remarkable growth rates, whereas traditional players like Switzerland saw a decline. Overall, the industry is seeing a mix of moderate growth and contraction in different regions.
In the coming years, expect Asia-Pacific countries, notably China and South Korea, to strengthen their presence, driven by technological advancements and government incentives. Sustainability trends and automation may further shift market dynamics, with digitalization playing a crucial role in boosting productivity and operational efficiency.
Top countries in Export of Numerically Controlled Machine Tools To Bend, Fold, Shear or Press Metal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23.14 | 2023 | +2.48% | +1.88% | View data |
| 2 | 2 Germany | 16.41 | 2023 | +0.86% | +0.8% | View data |
| 3 | 3 Austria | 14.93 | 2023 | +3.05% | +2.25% | View data |
| 4 | 4 China | 7.31 | 2023 | +4.1% | +3.73% | View data |
| 5 | 5 Japan | 6.57 | 2023 | +3.54% | +1.17% | View data |
| 6 | 6 France | 5.31 | 2023 | +2.21% | +1.7% | View data |
| 7 | 7 United States | 4.3 | 2023 | +1.96% | +0.78% | View data |
| 8 | 8 Netherlands | 3.25 | 2023 | +3.14% | +1.68% | View data |
| 9 | 9 Belgium | 3.18 | 2023 | +1.24% | +0.83% | View data |
| 10 | 10 Switzerland | 2.82 | 2023 | +0.81% | -3.86% | View data |
