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Metal Machining Market to grow by USD 16.6 Billion (2025-2029), driven by increased infrastructure investments, Report on AI-powered market evolution – Technavio

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NEW YORK, Jan. 21, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global metal machining market size is estimated to grow by USD 16.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 3.7%  during the forecast period. Increased investment in infrastructure is driving market growth, with a trend towards integration of IoT into industrial machinery. However, fluctuations in raw material prices of metal machining  poses a challenge. Key market players include Amada Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co. Ltd., DN Solutions Co. Ltd., FANUC Corp., IPG Photonics Corp., Jenoptik AG, Jet Edge Inc., JTEKT Corp., Komaspec, Matsu Manufacturing Inc., Mayville Engineering Co. Inc., Messer Cutting Systems Inc., Okuma Corp, Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF SE Co. KG, and Yamazaki Mazak Corp..

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Metal Machining Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 3.7%

Market growth 2025-2029

USD 16.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

China, US, Germany, Canada, and Japan

Key companies profiled

Amada Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co. Ltd., DN Solutions Co. Ltd., FANUC Corp., IPG Photonics Corp., Jenoptik AG, Jet Edge Inc., JTEKT Corp., Komaspec, Matsu Manufacturing Inc., Mayville Engineering Co. Inc., Messer Cutting Systems Inc., Okuma Corp, Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF SE Co. KG, and Yamazaki Mazak Corp.

Market Driver

The Metal Machining Market is experiencing significant trends in machine tools, CNC technology, and automation. Machinists are leveraging advanced CNC lathes, CNC laser machines, and specialized machines for metal cutting. The adoption of Industry 4.0, IoT, and Big Data Analytics is driving profitability and productivity increases. Vendors like HireCNC, NUM, and Synthesis offer comprehensive data and reliable market analysis to help businesses make informed vendor selections. Advancements in CNC technology, such as Teach-In and FlexiumPro CNC platform, enable precision and accuracy improvement. Innovative cutting tools and smart machines optimize performance and reduce waste. Sectors like automotive, aerospace, construction, and industrial manufacturing benefit from these advancements. However, high initial costs and fluctuating raw material prices pose challenges for small and medium-sized businesses. The market landscape includes key players like Codesys V3 PLC, ARM CPU, and various vendors of metal cutting tools, handheld devices, saws, grinders, shears, and specialized machines. The lathe machines segment dominates the market, with the automotive sector driving mass production. Grinding machines, including surface grinders, cylindrical machine grinders, and cutter grinders, are also in high demand for gearboxes, disk brakes, and other industrial machinery applications. Cross-border trade is expected to grow as businesses seek cost savings and access to specialized equipment. 

The integration of Internet of Things (IoT) technology in industrial machinery, including compressors, pumps, robots, and machine tools, is revolutionizing the metal machining industry. IoT enables these machines to transmit critical operating data, such as temperature, pressure, stress, and health and performance, in real-time over IP to a control room or device. This data enhances machinery efficiency, reduces downtime, prolongs machine life, and enhances process safety. The global metal machining market will experience significant growth due to the increasing adoption of IoT-enabled industrial machinery during the forecast period. 

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 Market Challenges

The Metal Machining Market is a significant sector, encompassing machine tools, machinists, CNC technology, and various tools and equipment for metal cutting. Challenges include high initial costs, fluctuating raw materials, and the need for automation and profitability in production facilities. CNC lathes, CNC laser machines, and specialized machines like saws, grinders, and shears are crucial. Vendors like HireCNC, NUM, and Synthesis offer comprehensive data for accurate market analysis. Industry 4.0, IoT, and big data analytics are driving advancements, with smart cutting tools and real-time quality assurance improving efficiency, waste reduction, and product quality. Sectors like automotive, aerospace, construction, and industrial manufacturing benefit from these innovations. Vendor selection is key for reliable data and performance optimization. Market sectors include automotive, aerospace, construction, industrial manufacturing, food & beverage, aerospace & defense, military equipment, and transport machinery. Cross-border trade is also a growing trend.The metal machining market is influenced by the volatility in the prices of key raw materials, including iron, steel, aluminum, magnesium, copper, and brass. This instability impacts the production costs for metal machining service providers, leading many to enter long-term contracts with suppliers to mitigate the effects of price fluctuations. However, smaller players in the market, such as SMEs and small metal fabricators, often lack the purchasing power to secure such contracts, making them more vulnerable to price changes. The significant shifts in raw material prices have been a notable factor in the growth of the global metal machining market.

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Segment Overview 

This metal machining market report extensively covers market segmentation by  

Application 1.1 Automotive1.2 Construction1.3 Aerospace1.4 OthersType 2.1 Laser cutting machine2.2 Plasma cutting machine2.3 Flame cutting machine2.4 Waterjet cutting machinesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive-  The automotive segment holds a substantial share in the global metal machining market, accounting for a significant number of metal part applications. The automotive industry’s demand for metal parts is driven by their usage in various vehicle components such as chassis, fuel delivery systems, motors, engines, batteries, alternators, brake systems, and fuel systems. Rapid urbanization and population growth fuel the demand for personal mobility solutions, leading to an increase in passenger car sales. Government initiatives, like the National Electric Mobility Mission Plan (NEMMP) and the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) scheme, promote electric vehicle adoption, driving electric vehicle sales. Major automotive manufacturers are expanding globally, increasing demand for metal machining products to produce vehicle parts and components, fueling the growth of the global metal machining market. For instance, Toyota Motors plans to expand its manufacturing capacity in India by 30%, and Volkswagen Group’s vehicle delivery figures increased by 12% year-on-year. The growing demand for electric and traditional vehicles will continue to drive the automotive industry and, consequently, the metal machining market.

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Research Analysis

The metal machining market encompasses a comprehensive range of machine tools and equipment used for cutting, shaping, and finishing metal components. Machinists utilize various tools such as CNC lathes, milling machines, saws, grinders, shears, and specialized machines to manufacture metal parts for various industries. The integration of technology, including E and P systems, Industry 4.0, and automation, has significantly increased profitability and production efficiency in metal machining. The advent of 3D printing has also disrupted traditional manufacturing methods, offering new possibilities for customization and rapid prototyping. Metal cutting tools, handheld devices, and metal components are integral components of this dynamic industry.

Market Research Overview

The Metal Machining Market encompasses a wide range of machine tools and processes used to manufacture metal components. Machinists utilize CNC (Computer Numerical Control) technology, including CNC lathes and CNC laser machines, to create precise and efficient metal parts. E & P (Engineering and Procurement) industries, as well as sectors like automotive, aerospace, construction, and industrial manufacturing, heavily rely on metal machining for mass production and quality assurance. Advancements in technology, such as Industry 4.0, IoT (Internet of Things), Big data analytics, and automation, are driving the market forward. Innovative cutting tools and smart machines offer improvements in efficiency, waste reduction, product quality, and productivity. Vendor analysis is crucial for small & medium-sized businesses seeking to make informed decisions on CNC technology, including CNC machines, handheld devices, saws, grinders, shears, and specialized machines. Market sectors like automotive, aerospace, and industrial manufacturing are major consumers of metal machining services. Comprehensive data and reliable information are essential for vendors and businesses to make accurate market assessments and vendor selections. Key trends include the integration of CNC technology, Codesys V3 PLC, ARM CPU, and FlexiumPro CNC platform, as well as the adoption of teach-T and HireCNC services. The market landscape is diverse, with various sectors, machine types, and technologies shaping the competitive landscape. Synthesis of comprehensive data and accurate market insights is vital for businesses to optimize performance, improve accuracy, and increase productivity. Additionally, advancements in technology, such as 3D printing and CNC technology, are transforming the metal machining industry. Despite high initial costs and fluctuating raw materials, the potential for profitability and the need for precision and quality make the metal machining market an essential component of various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationAutomotiveConstructionAerospaceOthersTypeLaser Cutting MachinePlasma Cutting MachineFlame Cutting MachineWaterjet Cutting MachinesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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HelloNation Examines Medicare Advantage & Medigap Coverage Differences, Featuring Financial Advisor Ash Toumayants

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The article reviews provider access, prescription coverage, and out-of-pocket expenses when comparing Medicare Advantage and Medigap plans.

STATE COLLEGE, Pa., July 24, 2026 /PRNewswire/ — How should residents evaluate whether Medicare Advantage or Medigap coverage better fits their healthcare and financial needs? HelloNation answers this question in an article that explains the key considerations involved in choosing between Medicare Advantage and Medigap plans.

The HelloNation article features insights from Financial Advisor Ash Toumayants of Strong Tower Associates. The article explains that both Medicare Advantage and Medigap supplement Original Medicare but differ significantly in how they handle healthcare providers, prescription coverage, and overall out-of-pocket expenses.

Medicare Advantage plans are typically offered through private insurers and bundles Medicare Part A, Part B, and possibly prescription coverage into a single policy. However, Medicare Advantage plans generally operate with provider networks, meaning healthcare providers must often be selected from within the plan’s approved list.

For residents across Pennsylvania, provider access can play an important role in selecting the right plan. The article explains that individuals should review which healthcare providers are included in a Medicare Advantage network before enrolling. Plan networks may vary by county in Pennsylvania, so residents should confirm that their preferred doctors and specialists are covered.

Medigap plans, also known as Medicare Supplement Insurance, operate differently from Medicare Advantage. The article explains that Medigap works alongside Original Medicare and helps cover certain out-of-pocket expenses such as copays, coinsurance, and deductibles. Although Medigap policies generally involve higher monthly premiums, they can offer greater predictability in medical expenses.

One advantage of Medigap is flexibility in choosing healthcare providers. The article explains that individuals with Medigap coverage can typically visit any doctor or specialist who accepts Medicare nationwide. This broader provider access can be beneficial for retirees who want more freedom in choosing healthcare providers across Pennsylvania or while traveling.

Prescription coverage is another important factor in the decision process. Many Medicare Advantage plans include prescription coverage as part of their bundled benefits. In contrast, Medigap plans do not include prescription coverage, which means individuals who choose Medigap often purchase a separate Medicare Part D plan to manage medication costs.

Budget considerations also influence the decision between Medicare Advantage and Medigap. The article explains that while Medicare Advantage plans may have lower premiums, they often include copays and service limits that affect annual out-of-pocket expenses. Medigap plans generally involve higher premiums but may reduce unexpected out-of-pocket expenses throughout the year.

Travel and lifestyle habits can also affect which plan is more suitable. The article explains that Medicare Advantage plans may have limitations on out-of-network care outside their coverage area. For residents in Pennsylvania who travel frequently or spend time in multiple locations, Medigap coverage may offer greater flexibility when accessing healthcare providers.

Enrollment timing is another important consideration discussed in the article. Medicare Advantage and Medigap plans have different enrollment rules and deadlines tied to the Initial Enrollment Period or the annual Medicare Open Enrollment period. Missing these enrollment opportunities can limit plan choices or result in additional underwriting requirements.

The article concludes that choosing between Medicare Advantage and Medigap in Pennsylvania requires careful evaluation of healthcare providers, prescription coverage, travel habits, budget considerations, and potential out-of-pocket expenses. Comparing plan structures and reviewing coverage details helps individuals make informed decisions that align with their healthcare and financial priorities.

How to Decide Between Medicare Advantage & Medigap features insights from Ash Toumayants, Financial Advisor of State College, PA, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hellonation-examines-medicare-advantage–medigap-coverage-differences-featuring-financial-advisor-ash-toumayants-302829329.html

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In HelloNation, Pool & Landscaping Expert Tina Possehn Wolbers Discusses What Pool Opening & Closing Services Include

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The article highlights how seasonal pool service simplifies pool maintenance and protects backyard pools year-round.

LANSING, Mich., July 24, 2026 /PRNewswire/ — What is included with pool opening and closing services, and how do they support pool ownership? The answer is explored in a HelloNation article, which features insights from Tina Possehn Wolbers of Wolbers-Possehn Pools, Ponds and Landscapes.

The HelloNation article explains that seasonal pool service plays a key role in maintaining a backyard pool throughout the year. By handling the transition between seasons, pool opening service and pool closing service make pool maintenance more manageable and allow homeowners to focus on enjoying their space.

Pool opening service marks the beginning of the swimming season. One of the first steps is removing the pool cover, which has protected the pool during colder months. The pool cover is carefully cleaned and stored, helping extend its lifespan and prepare it for future use. Once removed, the backyard pool begins to take shape as a clean and inviting environment.

Another important part of pool opening service is reconnecting and inspecting pool equipment. Pumps, filters, and circulation systems are checked to ensure they are functioning properly. This step helps restore water flow and sets the foundation for effective pool maintenance throughout the season.

Water level adjustments and water balancing are also essential components of pool opening service. Ensuring proper water levels allows systems to run efficiently, while water balancing helps create a safe and comfortable swimming environment. These steps help homeowners enjoy their backyard pool without unnecessary complications.

The article emphasizes that pool opening service and pool closing service are key components of seasonal pool service, helping simplify pool maintenance and reduce the stress of managing a pool. With a structured approach, homeowners can rely on consistent care that keeps their pool in good condition.

Pool closing service prepares the pool for colder months when it is not in use. This process includes lowering the water level to help prevent potential damage. Proper water management during pool closing service helps protect the structure and equipment over time.

Protecting plumbing lines is another critical part of pool closing service. Water is removed from pipes to prevent freezing and expansion, which could lead to damage. Taking these steps ensures that the system remains intact and ready for the next pool opening service.

Securing the pool cover completes the process. A properly fitted pool cover keeps debris out and helps maintain water quality during the off-season. It also makes the next pool opening service easier by reducing the amount of cleaning required.

Seasonal pool service provides a more predictable and low-stress experience for homeowners. Instead of handling every detail themselves, pool owners can rely on professional processes that keep their backyard pool functioning properly year after year.

Beyond maintenance, a well-cared-for backyard pool becomes a space for relaxation and connection. Whether hosting gatherings or enjoying quiet time, the pool adds value to everyday life. Pool opening service and pool closing service support that experience by keeping the pool ready when it matters most.

The HelloNation article concludes that understanding what is included in seasonal pool service helps homeowners set clear expectations and maintain their pool with confidence. With proper pool maintenance, water balancing, and use of a secure pool cover, owning a backyard pool in Lansing becomes both simple and enjoyable.

What Is Included With Pool Opening & Closing Services in Lansing? features insights from Tina Possehn Wolbers, Pool & Landscaping Expert of Lansing, MI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-pool–landscaping-expert-tina-possehn-wolbers-discusses-what-pool-opening–closing-services-include-302829324.html

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Verra Mobility Schedules Second Quarter 2026 Earnings Call

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MESA, Ariz., July 24, 2026 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026.

Verra Mobility’s Interim Chief Executive Officer, Jon Keyser, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 5, 2026.

A live webcast will be available on the Company’s Investor Relations website at ir.verramobility.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. A replay of the call will also be made available on the Investor Relations website.

In addition, an archived webcast will be available in the “News & Events” section of Verra Mobility’s Investor Relations website at ir.verramobility.com.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility principally operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility’s other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility’s reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company’s press releases, SEC filings and public conference calls and webcasts.

Media Relations:

Investor Relations:

Valerie Schneider

Mark Zindler

valerie.schneider@verramobility.com

mark.zindler@verramobility.com 

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