Leading countries in machine tool production by market share 2021

In 2021, China, Germany, and Japan were the powerhouses of machine tool industry worldwide. That year, China accounted for 31 percent of the world's machine tool production, while Germany and Japan each accounted for 13 percent.

Machine tool production by country

In 2020, China topped the ranking of the largest machine tool producing countries worldwide. With machine tool production to the value of about 21.8 billion euros, China's market share increased to 31 percent from 29 the year before. China, Germany, and Japan were the three leading machine tool manufacturers globally, while the United States (6.3 billion euros) and Italy (5.7 billion euros) accounted for nine and eight percent of global machine tool production respectively.

Leading machine tool manufacturers

The world’s biggest machine tool manufacturing companies include China’s Shenyang, Germany’s Trumpf, and Germany-based DMG Mori Seiki . Overall, Asian countries accounted for over 50 percent of global machine tool production. The leading Asian machine tool producing countries include China, Japan, South Korea, Taiwan, and India.