U.S. Machine Tool Market. Analysis And Forecast to 2030
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View PricingU.S. Machine Tool Import Value Grows 10% to $784M in March 2023
U.S. Machine Tool Imports
In March 2023, the amount of machine tools imported into the United States rose markedly to 35K tons, picking up by 6.6% against the previous month's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when imports increased by 17% against the previous month.
In value terms, machine tool imports amounted to $784M (IndexBox estimates) in March 2023. The total import value increased at an average monthly rate of +1.8% over the period from March 2022 to March 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain months. The most prominent rate of growth was recorded in May 2022 with an increase of 20% month-to-month.
| COUNTRY | Import Value of Machine Tool in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Japan | 178 | 140 | 235 | 153 | 155 | 185 | 172 | 145 | 241 | 223 | 223 | 185 | 204 |
| Germany | 84.8 | 106 | 121 | 93.6 | 93.9 | 88.5 | 97.8 | 116 | 104 | 147 | 125 | 110 | 137 |
| Italy | 50.4 | 63.9 | 52.0 | 44.0 | 50.1 | 65.4 | 42.1 | 68.9 | 57.9 | 74.6 | 70.6 | 62.9 | 72.2 |
| South Korea | 35.3 | 47.1 | 42.1 | 48.5 | 55.0 | 59.7 | 58.1 | 56.0 | 70.9 | 64.6 | 53.6 | 61.4 | 69.4 |
| China | 51.6 | 51.1 | 53.1 | 54.3 | 53.4 | 48.2 | 48.3 | 49.5 | 45.8 | 41.6 | 49.0 | 42.5 | 43.0 |
| Canada | 47.0 | 48.7 | 45.5 | 51.4 | 52.7 | 50.0 | 37.9 | 46.7 | 39.1 | 45.6 | 31.1 | 55.8 | 40.8 |
| Switzerland | 34.9 | 27.8 | 47.8 | 38.5 | 42.2 | 45.1 | 33.0 | 44.0 | 43.9 | 30.2 | 36.5 | 35.8 | 35.5 |
| Taiwan (Chinese) | 46.4 | 40.5 | 47.5 | 42.6 | 44.8 | 47.7 | 46.0 | 47.6 | 45.5 | 45.1 | 47.2 | 38.6 | 32.7 |
| Spain | 7.4 | 9.9 | 7.8 | 15.3 | 11.3 | 8.8 | 8.7 | 7.9 | 14.6 | 8.7 | 16.7 | 5.1 | 15.7 |
| Thailand | 14.8 | 10.4 | 18.7 | 15.1 | 9.1 | 12.4 | 12.2 | 17.5 | 20.2 | 14.7 | 19.3 | 10.0 | 15.0 |
| Mexico | 10.6 | 10.7 | 9.6 | 10.6 | 8.6 | 8.0 | 7.5 | 7.9 | 6.9 | 7.8 | 6.5 | 7.1 | 8.7 |
| India | 4.7 | 7.0 | 6.4 | 8.5 | 6.3 | 3.1 | 4.5 | 3.2 | 3.7 | 4.6 | 5.6 | 2.8 | 3.9 |
| Vietnam | 1.6 | 0.9 | 1.7 | 1.8 | 1.4 | 1.4 | 1.8 | 1.0 | 0.7 | 1.0 | 1.5 | 1.7 | 1.1 |
| Others | 66.1 | 82.2 | 84.7 | 76.8 | 81.1 | 78.9 | 87.9 | 92.7 | 101 | 99.7 | 100 | 92.0 | 105 |
| Total | 634 | 646 | 772 | 654 | 665 | 703 | 657 | 704 | 796 | 809 | 786 | 711 | 784 |
Imports by Country
Japan (8.4K tons), China (5.3K tons) and Germany (3.6K tons) were the main suppliers of machine tool imports to the United States, with a combined 50% share of total imports. South Korea, Taiwan (Chinese), Italy, Canada, Switzerland, Spain, Mexico, Thailand, Vietnam and India lagged somewhat behind, together comprising a further 40%.
From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Japan ($204M), Germany ($137M) and Italy ($72M) constituted the largest machine tool suppliers to the United States, with a combined 53% share of total imports. These countries were followed by South Korea, China, Canada, Switzerland, Taiwan (Chinese), Spain, Thailand, Mexico, India and Vietnam, which together accounted for a further 34%.
Among the main suppliers, Spain, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
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Import Prices by Country
In March 2023, the machine tool price stood at $22,475 per ton (CIF, US), growing by 3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in September 2022 an increase of 14% against the previous month. The import price peaked at $23,030 per ton in December 2022; however, from January 2023 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($45,084 per ton), while the price for Vietnam ($2,254 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
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
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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
