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Milling Machines - Global Market Trajectory & Analytics

  • ID: 5030726
  • Report
  • July 2020
  • Region: Global
  • 183 pages
  • Global Industry Analysts, Inc
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A Rolling Disaster, COVID-19 Pushes Manufacturing Industry & Its Value Chain Over the Brink

The worst affected industry in this pandemic driven crisis is manufacturing with its complex supply chains, labor intensive processes, and interdependencies. Division of labor, modular manufacturing strategies, outsourcing to reduce costs and increase the efficiency, consistency, and quality of each operations, have made the manufacturing sector most vulnerable amid the lockdown restrictions. An indication of the grim state of affairs is the fact that global manufacturing PMI is already declining and will fall to an estimated all-time low in 2020 as compared to the 53. 8 in 2019. With roots in China, the world's supply chains are facing unprecedented disruption and shutdown. Interwoven with a demand crisis, the supply chain shocks are exerting a compounded blow to manufacturing companies worldwide. A combination of all the aforementioned macro-economic issues alongside more specific factors such as suspension of the transportation and changes in demand patterns have dealt a debilitating blow to the manufacturing industry. On a monthly basis, global manufacturing PMI continuously degraded from 52.2 points in January2020 to 39.6 points in April 2020 and 42.4 points in May 2020. This indicates severe contraction of manufacturing activity including new orders, production, employment, supplier deliveries, inventories, customers' inventories, commodity prices, order backlog, new export orders, and imports. Business investment confidence is tumbling amidst poor demand, falling profits, liquidity crunch and a reeling global economy. The great lockdown" of 2020 has crushed the global economy and with it the manufacturing sector. The COVID-19 pandemic will have lasting long-term economic, social and political impact.

As Revenues Fall & Upgrade Plans Collapse, Milling Machines Market to Decline by -14% in 2020

As upstream, midstream and downstream sectors of manufacturing feel the ripple effect of disruption, Milling Machines also a key part of the value chain is expected to feel the heat. Saddled with numerous short-term challenges, the global market is expected to decline by -14% in the year 2020. As shuttered factories and weak demand erode revenues and cash flows of manufacturing companies, budgets marked for plant equipment upgrades are being slashed and purchase plans postponed. Liquidity issues and concerns are exerting pressure on capital funds. Virtually every company has experienced the immediate impact of falling consumer and business confidence on its bottom-line. The milling machines market, offers an array of systems and solutions for milling in industrial and manufacturing environments. Automotive, power and energy, construction equipment, and aerospace & defense, the primary end-use sectors for milling machines, have exhibited a significant fall in terms of production as well as repair & maintenance volumes, across key markets including China, the US, Western Europe, South Korea, India, Brazil, Mexico, Turkey, and ASEAN countries, thereby curtailing the overall demand for machine tool solutions. The continued weakness in industrial activity and lack of new orders is expected impact growth in the immediate term. Although countries are now cautiously emerging out of lockdowns, manufacturing companies are still confronted with disruptions in supplier networks, worker shortages due to labor migrations and restrictions placed on worker density in the plant floor, and challenges involved in adapting to new operational processes as the new normal.

Redoubled Focus on Industry 4. 0 Post COVID Will Shape a US$8. 9 Billion Global Market by 2027

A revised outlook pegs the global milling machines market at a projected US$8.9 billion for the year 2027. Horizontal Milling Machines, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$6.3 billion by the end of the analysis period. COVID-19 has highlighted the importance of automation and remote operation. Industry 4.0 will therefore have a significant impact even on specific areas of manufacturing such as machining. Machining operations will head toward a more streamlined, connected and intelligent network of machines, devices and systems. Connected processes will replace conventional machines or will be synched with legacy systems to aid in free flow of data streams to enable easy Ingestion, processing and analysis to improve existing operations. Milling machines will be developed with more innovative features to support integration with IoT technologies such as better human-machine interfaces; enhanced or automatic virtual metrology; embedded sensors that enable energy and operational savings; smarter controls; remote functionality features and networking support; among others. As machine shops, job shops and other metalworking plants prepare for Industry 4.0, demand for equipment upgrade and modernization will grow since milling machines should be capable of seamless communications to report their status and should include automation solutions that will help machines carry out self-directed working allowing human laborers to take a more hands-off approach. Upgrades to intelligent machines will result not only in highly streamlined, predictable and profitable manufacturing processes but will also help reduce worker density and maintain social distancing norms which will be the new normal going forwards in the post-pandemic world.

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The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Milling Machines Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Milling Machines Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Milling Machines Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Milling Machines Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Horizontal Milling Machines (Product) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Horizontal Milling Machines (Product) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Horizontal Milling Machines (Product) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Vertical Milling Machines (Product) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Vertical Milling Machines (Product) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Vertical Milling Machines (Product) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Milling Machines Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 10: United States Milling Machines Market Estimates and Projections in US$ Million by Product: 2020 to 2027
TABLE 11: Milling Machines Market in the United States by Product: A Historic Review in US$ Million for 2012-2019
TABLE 12: United States Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

CANADA

TABLE 13: Canadian Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020 to 2027
TABLE 14: Canadian Milling Machines Historic Market Review by Product in US$ Million: 2012-2019
TABLE 15: Milling Machines Market in Canada: Percentage Share Breakdown of Sales by Product for 2012, 2020, and 2027

JAPAN

TABLE 16: Japanese Market for Milling Machines: Annual Sales Estimates and Projections in US$ Million by Product for the Period 2020-2027
TABLE 17: Milling Machines Market in Japan: Historic Sales Analysis in US$ Million by Product for the Period 2012-2019
TABLE 18: Japanese Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

CHINA

TABLE 19: Chinese Milling Machines Market Growth Prospects in US$ Million by Product for the Period 2020-2027
TABLE 20: Milling Machines Historic Market Analysis in China in US$ Million by Product: 2012-2019
TABLE 21: Chinese Milling Machines Market by Product: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Milling Machines Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 22: European Milling Machines Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 23: Milling Machines Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 24: European Milling Machines Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020-2027
TABLE 26: Milling Machines Market in Europe in US$ Million by Product: A Historic Review for the Period 2012-2019
TABLE 27: European Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

FRANCE

TABLE 28: Milling Machines Market in France by Product: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 29: French Milling Machines Historic Market Scenario in US$ Million by Product: 2012-2019
TABLE 30: French Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

GERMANY

TABLE 31: Milling Machines Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product for the Period 2020-2027
TABLE 32: German Milling Machines Historic Market Analysis in US$ Million by Product: 2012-2019
TABLE 33: German Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

ITALY

TABLE 34: Italian Milling Machines Market Growth Prospects in US$ Million by Product for the Period 2020-2027
TABLE 35: Milling Machines Historic Market Analysis in Italy in US$ Million by Product: 2012-2019
TABLE 36: Italian Milling Machines Market by Product: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 37: United Kingdom Market for Milling Machines: Annual Sales Estimates and Projections in US$ Million by Product for the Period 2020-2027
TABLE 38: Milling Machines Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product for the Period 2012-2019
TABLE 39: United Kingdom Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

SPAIN

TABLE 40: Spanish Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020 to 2027
TABLE 41: Spanish Milling Machines Historic Market Review by Product in US$ Million: 2012-2019
TABLE 42: Milling Machines Market in Spain: Percentage Share Breakdown of Sales by Product for 2012, 2020, and 2027

RUSSIA

TABLE 43: Russian Milling Machines Market Estimates and Projections in US$ Million by Product: 2020 to 2027
TABLE 44: Milling Machines Market in Russia by Product: A Historic Review in US$ Million for 2012-2019
TABLE 45: Russian Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 46: Rest of Europe Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020-2027
TABLE 47: Milling Machines Market in Rest of Europe in US$ Million by Product: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 49: Asia-Pacific Milling Machines Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 50: Milling Machines Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 51: Asia-Pacific Milling Machines Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 52: Milling Machines Market in Asia-Pacific by Product: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 53: Asia-Pacific Milling Machines Historic Market Scenario in US$ Million by Product: 2012-2019
TABLE 54: Asia-Pacific Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 55: Milling Machines Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product for the Period 2020-2027
TABLE 56: Australian Milling Machines Historic Market Analysis in US$ Million by Product: 2012-2019
TABLE 57: Australian Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

INDIA

TABLE 58: Indian Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020 to 2027
TABLE 59: Indian Milling Machines Historic Market Review by Product in US$ Million: 2012-2019
TABLE 60: Milling Machines Market in India: Percentage Share Breakdown of Sales by Product for 2012, 2020, and 2027

SOUTH KOREA

TABLE 61: Milling Machines Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product for the Period 2020-2027
TABLE 62: South Korean Milling Machines Historic Market Analysis in US$ Million by Product: 2012-2019
TABLE 63: Milling Machines Market Share Distribution in South Korea by Product: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 64: Rest of Asia-Pacific Market for Milling Machines: Annual Sales Estimates and Projections in US$ Million by Product for the Period 2020-2027
TABLE 65: Milling Machines Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product for the Period 2012-2019
TABLE 66: Rest of Asia-Pacific Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 67: Latin American Milling Machines Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 68: Milling Machines Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 69: Latin American Milling Machines Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 70: Latin American Milling Machines Market Growth Prospects in US$ Million by Product for the Period 2020-2027
TABLE 71: Milling Machines Historic Market Analysis in Latin America in US$ Million by Product: 2012-2019
TABLE 72: Latin American Milling Machines Market by Product: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 73: Argentinean Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020-2027
TABLE 74: Milling Machines Market in Argentina in US$ Million by Product: A Historic Review for the Period 2012-2019
TABLE 75: Argentinean Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

BRAZIL

TABLE 76: Milling Machines Market in Brazil by Product: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 77: Brazilian Milling Machines Historic Market Scenario in US$ Million by Product: 2012-2019
TABLE 78: Brazilian Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

MEXICO

TABLE 79: Milling Machines Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product for the Period 2020-2027
TABLE 80: Mexican Milling Machines Historic Market Analysis in US$ Million by Product: 2012-2019
TABLE 81: Mexican Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 82: Rest of Latin America Milling Machines Market Estimates and Projections in US$ Million by Product: 2020 to 2027
TABLE 83: Milling Machines Market in Rest of Latin America by Product: A Historic Review in US$ Million for 2012-2019
TABLE 84: Rest of Latin America Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 85: The Middle East Milling Machines Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 86: Milling Machines Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 87: The Middle East Milling Machines Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 88: The Middle East Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020 to 2027
TABLE 89: The Middle East Milling Machines Historic Market by Product in US$ Million: 2012-2019
TABLE 90: Milling Machines Market in the Middle East: Percentage Share Breakdown of Sales by Product for 2012,2020, and 2027

IRAN

TABLE 91: Iranian Market for Milling Machines: Annual Sales Estimates and Projections in US$ Million by Product for the Period 2020-2027
TABLE 92: Milling Machines Market in Iran: Historic Sales Analysis in US$ Million by Product for the Period 2012-2019
TABLE 93: Iranian Milling Machines Market Share Analysis by Product: 2012 VS 2020 VS 2027

ISRAEL

TABLE 94: Israeli Milling Machines Market Estimates and Forecasts in US$ Million by Product: 2020-2027
TABLE 95: Milling Machines Market in Israel in US$ Million by Product: A Historic Review for the Period 2012-2019
TABLE 96: Israeli Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 97: Saudi Arabian Milling Machines Market Growth Prospects in US$ Million by Product for the Period 2020-2027
TABLE 98: Milling Machines Historic Market Analysis in Saudi Arabia in US$ Million by Product: 2012-2019
TABLE 99: Saudi Arabian Milling Machines Market by Product: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 100: Milling Machines Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product for the Period 2020-2027
TABLE 101: United Arab Emirates Milling Machines Historic Market Analysis in US$ Million by Product: 2012-2019
TABLE 102: Milling Machines Market Share Distribution in United Arab Emirates by Product: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 103: Milling Machines Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product for the Period 2020-2027
TABLE 104: Rest of Middle East Milling Machines Historic Market Analysis in US$ Million by Product: 2012-2019
TABLE 105: Rest of Middle East Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

AFRICA

TABLE 106: African Milling Machines Market Estimates and Projections in US$ Million by Product: 2020 to 2027
TABLE 107: Milling Machines Market in Africa by Product: A Historic Review in US$ Million for 2012-2019
TABLE 108: African Milling Machines Market Share Breakdown by Product: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 45

Note: Product cover images may vary from those shown
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