The development of Taiwan's machine tool industry began in the 1950s during the recovery period after World War II. Most of the major machine tool manufacturers are located in Taichung, and the collaborative system is spread throughout the four central cities. The complete industrial chain has gradually taken shape in Central Taiwan with the development of the industry, becoming the world's unique tool machine industry cluster. In the 21st century, Taiwan's machine tool manufacturing has moved into the stage of high speed and high-end machine tools, and has become the top 5 exporters and top 7 producers in the world.

In 2007, the then chairman of the Taiwan Precision Machinery Development Association, Mr. Edward Yang, called for the establishment of the association dedicated to the machine tool industry in order to unite the strength of the industry and enhance the overall competitiveness of the industry. With the great efforts of the members of the organizing committee, Taiwan Machine Tool & Accessory Builders' Association (TMBA) was established in Taichung in October 2007, combining the strengths of hundreds of manufacturers across the country.

The establishment of TMBA symbolizes the unity of the machine tool and accessory industry in Taiwan. The association plays the role of a communicator between the government and the private sector, and hopes to fully integrate and utilize various resources, leading the industry to be based in Taiwan and connected to the world, moving into the next era together!