Market Overview The global machine tools market size was valued at USD 97.68 billion in 2024. The market is projected to grow from USD 104.20 billion in 2025 to USD 189.65 billion by 2034, exhibiting a CAGR of 6.9% from 2025 to 2034. Machine tools encompass a wide range of products, including CNC machines, lathes, milling machines, drilling machines, grinding machines, and advanced additive...