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Milling Machines - Global Market Trajectory & Analytics

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    Report

  • 441 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030726

FEATURED COMPANIES

  • Amera-Seiki
  • Benign Enterprise co.
  • DMG Mori Seiki Co., Ltd
  • EMCO Group
  • Haas Automation, Inc.
  • JET TOOLS

Global Milling Machines Market to Reach $8.5 Billion by 2026


Milling machine is one of the most commonly used metal cutting machines. These machines are indispensable for metal cutting applications in a diverse spectrum of industries and commonly employed for drilling, slot cutting, gear cutting, fillet making, turning and chamfering functions. Milling machines are used to remove metal by moving a workpiece through the periphery of a rotating cutting tool such as a drill, tap or mill, across a metal block. These machines can simultaneously perform different cuts using multiple cutters. Activity in various end-use sectors of machine tools likely to surge in the post-Covid-19 scenario, especially in developing regions of China, Asia-Pacific, Latin America, and the Middle East. Resurgence in automotive, aerospace & defense, shipbuilding and electrical/electronics would enhance the demand for sophisticated machine tools for use in the manufacture of machine components and in assembly of finished products. Likewise, increased level of electronics, electrical machinery, non-electric machinery and equipment manufacturing would benefit the machine tools market. Further, the projected rise in crude oil & natural gas exploration and drilling activities globally are likely to extend new opportunities. Alongside, the shale gas revolution, which pushed manufacturing activity in the US in the latter half of the previous decade is poised to benefit the market in the near to mid-term.

Amid the COVID-19 crisis, the global market for Milling Machines estimated at US$6.8 Billion in the year 2022, is projected to reach a revised size of US$8.5 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Horizontal Milling Machines, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$6.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vertical Milling Machines segment is readjusted to a revised 3.9% CAGR for the next 7-year period. Horizontal milling machines lead the market led by rising popularity of these machines on account of their ability to offer enhanced chip evacuation that leads to superior surface finish along with long tool life. These machines perform complicated parts with relatively few operations, while the horizontal direction of the spindle ensures higher spindle time. Horizontal milling machines are capable of performing the job of multiple vertical mills.

The U.S. Market is Estimated at $261.3 Million in 2022, While China is Forecast to Reach $3.8 Billion by 2026


The Milling Machines market in the U.S. is estimated at US$261.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Growth in these markets will be driven by the growing focus on automation, five-sided machining, and multi-axis machining. Expensive nature of advanced milling machines and shortage of skilled labor are driving manufacturers to invest in R&D to develop automated diagnostic solutions and reduce the overall maintenance cost.

Select Competitors (Total 113 Featured):

  • Amera-Seiki
  • ANDERSON EUROPE GMBH
  • Baileigh Industrial Holdings LLC
  • Benign Enterprise co.
  • CHIRON Werke GmbH & Co. KG
  • DATRON Dynamics, Inc
  • DMG Mori Seiki Co., Ltd
  • Doosan Machine Tools
  • EMCO Group
  • FANUC CORPORATION
  • Haas Automation, Inc.
  • Hurco Companies, Inc
  • JET TOOLS
  • KNUTH Werkzeugmaschinen GmbH
  • Makino Inc
  • Maschinen Wagner Werkzeugmaschinen GmbH
  • Okuma Corporation
  • Shandong Schuler CNC Machinery Co., Ltd.
  • TOP-ONE Machinery Co., Ltd.
  • TRIMILL, a.s.
  • Wells-Index Milling Machines

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Amera-Seiki
  • Benign Enterprise co.
  • DMG Mori Seiki Co., Ltd
  • EMCO Group
  • Haas Automation, Inc.
  • JET TOOLS

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Global Milling Machines Market in US$ billion: 2017-2021P
  • COVID-19 Crisis Weakens Global Economic Environment, Triggering Negative Tide in GDP & Industrial Output Forecasts
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • COVID-19 Mandates Broad-based Amendments to Plant Floor & Factory Operations
  • Milling Machines - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Milling Machines: An Indispensable Tool for Metal Cutting Applications
  • Types of Milling Machines
  • Outlook:Despite Discouraging Short-Term Outlook, Long-Term Growth Prospects Remain Optimistic
  • Horizontal Milling Machines Command Major Share
  • Market by Region
  • Recent Market Activity
  • World Brands
  • Competitive Scenario
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Industry 4.0 and its Impact on Milling Machines
  • Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
  • Technological Advances in CNC Milling to Radically Transform Manufacturing Arena
  • Compact Milling Machines Gain Traction
  • Automation Leads to Enhanced Precision and Capabilities
  • Multi-Axis CNC Milling Machines Gain Traction
  • Smart Machines Grow in Popularity
  • Adoption of Predictive Analytics Drives Market Growth
  • Sustained Growth of Green Energy Industry Bodes Well for CNC Machining
  • Global Primary Energy Consumption by energy Source: 2018 and 2050
  • Global Wind Power Installed Capacity (In Gigawatts (GW)) for the Years 2014, 2015, 2017, 2018 and 2019
  • Global Solar Photovoltaic Annual Installed Capacity (In GW) by Leading Countries (2019)
  • Reshoring Drives Growth Prospects in Developed Markets
  • Proliferation of Job Shops in Developing Countries Poised to Benefit Machine Tools
  • Automotive Production in Developing Countries to Drive Growth
  • World Automobile Production in Million Units: 2008-2022
  • Slowdown in the Aerospace Sector amidst Covid-19 Affects Near-Term Milling Machine Demand
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
  • Steady Growth Anticipated for Multitasking Machine Tools
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Machine Tools Market in the US: An Overview
  • Manufacturing Activity Takes a Hit Amidst COVID-19 Crisis
  • Market Analytics
CANADA
JAPAN
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • A Major Market for Machine Tools
  • Market Analytics
CHINA
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Machine Tools Market Overview
  • China Remains a Prominent Manufacturing Hub Globally
  • Chinese Machine Tools Market: Percentage Breakdown of Sales Revenue by Tool Makers for 2019
  • Market Analytics
EUROPE
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Market Analytics
FRANCE
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Covid-19 Impacts Milling Machines Demand
ITALY
UNITED KINGDOM
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
INDIA
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Market Analytics
SOUTH KOREATAIWANREST OF ASIA-PACIFIC
LATIN AMERICA
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Milling Machines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 113

A selection of companies mentioned in this report includes:

  • Amera-Seiki
  • ANDERSON EUROPE GMBH
  • Baileigh Industrial Holdings LLC
  • Benign Enterprise co.
  • CHIRON Werke GmbH & Co. KG
  • DATRON Dynamics, Inc
  • DMG Mori Seiki Co., Ltd
  • Doosan Machine Tools
  • EMCO Group
  • FANUC CORPORATION
  • Haas Automation, Inc.
  • Hurco Companies, Inc
  • JET TOOLS
  • KNUTH Werkzeugmaschinen GmbH
  • Makino Inc
  • Maschinen Wagner Werkzeugmaschinen GmbH
  • Okuma Corporation
  • Shandong Schuler CNC Machinery Co., Ltd.
  • TOP-ONE Machinery Co., Ltd.
  • TRIMILL, a.s.
  • Wells-Index Milling Machines