According to our latest study on "Metal Processing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Product Type, Press Brake Type, Press Brake Method, Press Brake Application, Laser Cutting machine Technology, Laser Cutting Machine Process, Laser Cutting Machine Industry, Bending Machine Type, Bending Machine Application, Bending Machine Product, Laser Welding Machine Technology, Laser Welding Machine Application," the Metal Processing Market size was valued at US$ 29,682.90 million in 2024 and is expected to reach US$ 42,293.62 million by 2031; it is estimated to record a CAGR of 5.3% from 2024 to 2031.

The global metal processing machines market is segmented into four major regions-North America, Europe, Asia Pacific, and Middle East. Asia Pacific holds a prominent position in the metal processing machines market owing to its strong industrial base and technological advancements. China dominates the market in this region. The presence of industries such as automotive, aerospace, defense, and machinery manufacturing fuels the demand for metal processing machines in Asia Pacific. These industries require advanced cutting, shaping, and forming solutions to meet the growing demand for precision components. Defense and aerospace sectors in China and India play a significant role in driving the metal processing machines market. The ongoing technological innovations and the surge in military expenditure contribute to the market's growth. Additive manufacturing technologies, such as 3D printing, enable the production of complex components with complex geometries. Further, it also reduces the weight of aircraft while maintaining structural integrity, owing to which its being increasingly adopted in the production of complex components. These manufacturing technologies create a strong demand for metal processing machines capable of delivering high precision and efficiency.

The availability of well-established infrastructure in developed countries, such as the US and Canada, helps manufacturing firms explore the limits of science, technology, and commerce. Across North America, technological advancements have led to high competition in the manufacturing industry. In manufacturing machinery and equipment, the US is the second largest country in the world. Also, the country is a leading fabricated metal product manufacturer across the world. All these factors drive the metal processing machine market growth in North America.

Furthermore, the aerospace & defense industry in North America is reporting tremendous growth owing to the stable economy, developed infrastructure, high technology adoption rate, and increasing investments by governments. In 2023, the Government of Canada announced an investment of ? US$ 7.44 million to support Swiss business H55's opening in Canada. This investment is expected to attract global leaders in aircraft manufacturing to make Greater Montr