The machine tools market in South Africa is expected to reach a projected revenue of US$ 281.0 million by 2030. A compound annual growth rate of 4.8% is expected of South Africa machine tools market from 2025 to 2030.

◆ The South Africa machine tools market generated a revenue of USD 192.9 million in 2022 and is expected to reach USD 281.0 million by 2030.

◆ The South Africa market is expected to grow at a CAGR of 4.8% from 2023 to 2030.

◆ In terms of segment, metal cutting was the largest revenue generating type in 2022.

◆ Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.

Source: Grand View Research