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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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AvePoint Set to Join S&P SmallCap 600

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NEW YORK, Oct. 27, 2026 /PRNewswire/ — AvePoint Inc. (NASD: AVPT) will replace LXP Industrial Trust (NYSE: LXP) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 2. Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board are acquiring LXP Industrial Trust in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

Nov 2, 2026

S&P SmallCap 600

Addition

AvePoint

AVPT

Information Technology

Nov 2, 2026

S&P SmallCap 600

Deletion

LXP Industrial Trust

LXP

Real Estate

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/avepoint-set-to-join-sp-smallcap-600-302921327.html

SOURCE S&P Dow Jones Indices

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Archera Surpasses $5.6 Billion in Cloud and AI Spend Under Management, Closes Series C Led by Pivot Investment Partners, and Expands Insurance-Backed Cloud Commitments

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The round will help Archera expand its guaranteed cloud commitments, bringing insurance-backed financial protection to companies navigating unpredictable AI and cloud spending. The company has delivered more than $700 million in customer savings and now manages approximately $5.6 billion in annual cloud and AI spend.

BELLEVUE, Wash., Oct. 27, 2026 /PRNewswire/ — As artificial intelligence makes cloud spending harder to predict, companies face an increasingly expensive choice: commit to long-term cloud and AI contracts to unlock significant discounts or preserve flexibility and leave savings on the table. Archera has raised a $15 million Series C to expand its Guaranteed Commitments and change that equation.

The cloud economics company today announced it closed its Series C funding round, led by Pivot Investment Partners, with participation from existing investors including HighSage Ventures. The financing brings Archera’s total funding to $38.3 million. It will support the expansion of Archera’s Guaranteed Commitments and its suite of free cloud cost tools, including its FinOps Agent and MCP.

Insurance-backed financial protection is central to Archera’s next phase of growth. Archera purchased a policy on a surplus lines basis from Crum & Forster Specialty Insurance Company to back its guarantee. This model helps businesses pursue cloud commitment savings while managing the financial risk of usage changes.

The company has delivered more than $700 million in savings to over 2,200 organizations, including PubNub, Art.com, and Astronomer. The thesis behind Archera is simple: companies shouldn’t have to predict AI’s future to commit and save money on today’s infrastructure.

Why Cloud and AI Commitments Need to Change

Cloud providers reward customers who commit to spending over one- to three-year periods with substantial discounts and access to capacity. Historically, those commitments have helped businesses reduce infrastructure costs. But AI is changing the risk and economics of that decision.

A new model launch can multiply GPU spending in months. A more efficient model, a shift in architecture, or a move to a different service can reduce it just as quickly. Long-term commitments that once looked financially sound can become expensive liabilities.

Companies are left choosing between overcommitting and risking unused spend, or undercommitting and missing out on available discounts. Many choose the latter, sacrificing potential savings to preserve flexibility.

Archera believes that the trade-off is unnecessary. Its Guaranteed Commitments provide resource-level cloud and AI discounts with terms as short as 30 days. If usage declines and a covered commitment goes unused, Archera covers the cost under the terms of its guarantee.

The result is a different way to approach cloud purchasing. Businesses can pursue deeper discounts and unlock capacity otherwise gated behind a commitment, without bearing the entire financial consequence when actual usage diverges from forecasts.

Turning Cloud Optimization Into a Financial Product

Traditional cloud cost management tools provide visibility, recommendations, automation, and forecasting, but they can’t eliminate the financial risk of unused commitments. Archera combines its free FinOps platform and Agent with a financial guarantee that addresses inaccurate forecasts.

“Every tool in this market is trying to forecast your cloud usage a little better. We think that’s the wrong bet,” said Aran Khanna, co-founder and CEO of Archera. “Nobody can forecast AI demand, not the customer, not the cloud provider. So instead of predicting it, we guarantee it, and we have purchased an insurance policy to back that guarantee. If covered usage drops, we address the unused commitment cost under the terms of our guarantee. That’s a new way to purchase cloud, not another dashboard, and it’s why we’ve been able to return $700 million to our customers.”

The approach positions cloud commitments as a financial risk decision, helping finance and engineering leaders manage budgets while adapting to changing technology.

Built for CFOs, CTOs, and the Teams Managing AI Costs

The approach addresses a growing challenge across finance and engineering: how to control infrastructure costs without constraining the business.

For CFOs: Capture commitment-level discounts while reducing exposure to eligible unused spend under the guarantee.For CTOs and engineering leaders: Preserve flexibility to adopt new AI models, change architectures, and scale workloads without letting past commitments dictate future decisions.For FinOps teams: Increase commitment coverage with a financial backstop when usage changes, without more back-and-forth with engineering teams to get perfect forecasts.For cloud partners and resellers: Give customers a differentiated way to pursue cloud savings that can be reinvested in new cloud services while managing commitment risk.

Archera’s platform connects to AWS, Microsoft Azure, or Google Cloud billing data in read-only mode and analyzes actual usage. It then recommends and automates the purchasing of both native commitments and Archera Guaranteed Commitments.

Customers can evaluate their potential savings before making any purchasing decision. Commitments remain in the customer’s own cloud account, preserving end-to-end control over cloud purchasing strategy.

Archera earns when customers save through its guaranteed commitments, aligning its commercial model with the outcomes customers seek.

Customers Are Rethinking the Commitment Model

For organizations accustomed to treating cloud commitments as a single, high-stakes decision, Archera offers a more flexible approach.

“Working with Archera meant rethinking commitments as a spectrum rather than a single, high-stakes decision,” said James Hamilton, VP of Operations and Controller at PubNub. “This was a big mind shift for us. We needed to think about how our commitments could be broken up into a spectrum of purchases versus a single one-time buy.”

That flexibility is particularly valuable as companies adopt AI workloads, where technology choices and resource requirements can shift faster than traditional budgeting cycles.

Instead of making one large bet on future usage, businesses can take a more measured approach while still securing meaningful discounts.

A Series C to Expand Insurance-Backed Cloud Purchasing

Archera has been operating profitably at scale. It raised a Series C to support larger guarantees, expand its reach, serve more customers, and upgrade the insurance policies backing its guarantee to serve larger global clients.

The company plans to use the capital in three ways:

Accelerate go-to-market efforts.Expand its global partner network across North America, Europe, the Middle East, Japan, and Latin America.Serve more teams focused on AI-driven workloads.

“Archera has built a capital-efficient and differentiated business at the intersection of cloud infrastructure and risk management,” said Dinkar Jetley, co-founder and managing partner at Pivot Investment Partners. “The team pairs a deep understanding of the cloud ecosystem with a rigorous approach to underwriting, and the result is a compelling value proposition that a fast-growing roster of customers relies on as their cloud spend scales. We are privileged to have led this Series C round and look forward to working closely with Aran and the management team in the years ahead.”

Built by People Who Understand Cloud Infrastructure

Aran and Nikhil Khanna founded Archera in 2019. Aran previously planned capacity for Azure’s core compute and database services at Microsoft and was a founding member of AWS’s deep learning team leading launches, including SageMaker, DeepLens, and the Neuron SDK, behind Amazon’s Trainium and Inferentia AI chips.

His research on deep learning model efficiency has been cited more than 1,900 times, and he serves on the FinOps Foundation governing board.

As AI transforms infrastructure economics, Archera aims to make cloud savings more accessible without forcing businesses to assume unnecessary financial risk.

To explore potential savings, request a free assessment at Archera.ai.

Free savings assessment: https://app.archera.ai/savings-estimate?utm_source=forbes&utm_medium=referral&utm_campaign=series-c-2026

Name: Sarah
Email Address: shiara@archera.ai
Phone Number: +13018255007

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SOURCE Archera

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Creative Technology Releases Creative XF1, a Hi-Res Extreme Fidelity Speaker that Elevates Every Listening Experience

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SYDNEY, Oct. 28, 2026 /PRNewswire/ — Creative Technology Ltd launches Creative XF1, a new Hi-Res speaker system designed for users who care about both sound quality and aesthetics, and want more vivid music, more cinematic movies, and more engaging listening. Creative XF1 offers sleek design, bi-amplified architecture, 72W RMS output, dual Hi-Res Audio certification, next-gen connectivity, and personalisation with the Creative Nexus app.

Creative XF1 brings out details in music that many compact 2.0 speakers in this price range do not reproduce, from the rasp in a voice to the rumbling bass under a game soundtrack. With a bespoke FEA-optimised 3-inch woofer, Creative XF1 adds extra punch and close-range clarity. The 72W RMS bi-amplified design delivers a clear, powerful sound that is easy on the ear.

“For many of us, the desktop has become the centre of work, entertainment and creation,” said Ernest Sim, CEO and Executive Chairman, Creative Technology Ltd. “Creative XF1 is built to deliver room-filling power with richer depth and clarity, so every note, voice and effect sounds closer, more vivid and more real at your desk.”

Besides advanced connectivity via Bluetooth® 6.0, USB audio, and AUX input, users can also connect a subwoofer for richer bass and an easy 2.1 upgrade.

Crafted by in-house audio specialists, the Creative Nexus app offers a 10-band parametric EQ and 120+ presets for different music genres and games. Users can personalise their sound for focused work, movie nights, gaming sessions, or unwinding, all from one intuitive interface.  

Pricing and availability

Creative XF1 is priced at A$339.95, and is available at creative.com.

About Creative
Since its founding in 1981, Creative Technology has been driven by a singular mission: to reimagine the way the world experiences sound. Creative introduced the groundbreaking Sound Blaster®, the invention that gave personal computers the gift of sound — and forever changed the landscape of PC multimedia.

Guided by a legacy of bold ideas and breakthrough technologies, Creative continues to lead at the intersection of engineering and imagination.

At its core, Creative remains committed to pushing the boundaries of what audio can achieve — enriching lives, elevating experiences, and defining what’s next in sound.

This announcement relates to products launched in Australia. Availability is subject to change without notice and may differ elsewhere in the world according to local factors and requirements. Creative, and the Creative logo, are trademarks or registered trademarks of Creative Technology Ltd in the United States and/or other countries. The Bluetooth® word mark and logo are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by Creative Technology Ltd is under license. All other trademarks are the property of their respective owners. All rights reserved.

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SOURCE Creative Technology Ltd

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