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Machining Centers - Global Market Trajectory & Analytics

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    Report

  • 823 Pages
  • September 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140698

Global Machining Centers Market to Reach $22.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Machining Centers estimated at US$15.7 Billion in the year 2020, is projected to reach a revised size of US$22.8 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027. Vertical, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$14.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Horizontal segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 5.6% CAGR

The Machining Centers market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027.

Other Product Types Segment to Record 4.7% CAGR

In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 416 Featured) -

  • Ace Micromatic Group & Micromatic Machine Tools Pvt. Ltd.
  • Amera-Seiki Corp.
  • CHIRON Group SE
  • DMG Mori Co.,Ltd.
  • Doosan Machine Tools Co., Ltd.
  • Emerson Macchine S.R.L.
  • Fanuc Corporation
  • FFG European & American Holdings GmbH
  • Haas Automation, Inc.
  • Hurco Companies, Inc.
  • Jiuh-Yeh Precision Machinery Co., Ltd.
  • JTEKT Corporation
  • Jyoti CNC Automation Limited
  • Kent CNC
  • Komatsu NTC Ltd.
  • Makino Inc.
  • Matsuura Machinery Corporation
  • Maxmill Machinery Co., Ltd.
  • Mazak Corporation
  • Mitsubishi Electric Corporation
  • MTAB™ Engineers Private Limited
  • Okuma America Corporation
  • SCM GROUP S.p.A.
  • Siemens AG
  • The Hyundai Wia Corporation
  • Yamazaki Mazak Corporation
  • Yeong Chin Machinery Industries Co., Ltd.

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 a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Strong Focus Shed on Automation in Manufacturing Provides the Cornerstone for the Growth of Machining Centers
  • Exhibit 1: Robust Outlook for Industrial Automation Brightens the Sentiment in the Machining Centers Market: Global Opportunity for Industrial Automation (In US$ Billion) for Years 2022, 2024 and 2026
  • Global Economic Update
  • Exhibit 2: Shaken by the War, Global Oil Prices Spiral & Feed Inflationary Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • Exhibit 3: War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Exhibit 4: After the Pandemic, Global Economic Uncertainty Surges Amidst War, Inflation, Political Tensions & Supply Chain Disruptions Aggravated by China's Slowdown: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Competition
  • Exhibit 5: Machining Centers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 416 Players Worldwide in 2022 (E)
  • Machining Centers: Overview, Types & Market Dynamics of the Machine Tools Industry
  • Exhibit 6: Machining Centers is a Strong & Lucrative Part of the Machine Tools Industry: % Share Breakdown of key Segments in the Global Machine Tools Industry for the Year 2022
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Smart Machining Centers Become Pivotal to COVID-19-Led Shift Towards Smart Manufacturing
  • CNC Machining Remains the Most Popular Subtractive Manufacturing Technology. Here's Why
  • Rise of Precision Manufacturing Spurs Investments in Precision Machining Centers
  • Exhibit 7: Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities for Machining Centers: Global Precision Parts Market for the Years 2022, 2024, 2026 & 2028 (In US$ Million)
  • Market Witnesses Notable Uptick in Demand for Five-Axis Machining Centers
  • Combining Subtractive and Additive Machining Capabilities is the New Flavor of Innovation in Machining Centers
  • Horizontal Machining Centers Score Over Vertical Machining Centers
  • CNC Machining Centers With Miniature Inductive Sensors in the Spotlight
  • Metal Fabrication Drives Demand for CNC Vertical Machining Centers
  • Exhibit 8: Strong Demand for Metal Fabrication Services Translates Into Increased Business Opportunity for Machining Centers: Global Sheet Metal Fabrication Services Market (In US$ Million) for Years 2021, 2023, 2025 & 2027
  • Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit Demand
  • Reshoring Drives Growth Prospects in Developed Markets
  • Led by EVs, the Automotive Industry Emerges as a Major End-Use Sector for Machining Centers
  • Exhibit 9: Making Parts for Next-Gen Vehicles & Ability to Move Quickly from Prototyping to Mass Production to Spur Growth of Machining Centers: Global Sales of EVs (In 000 Units) for Years 2022, 2024 & 2026
  • Machining Centers Evolve as Preferred Tools for Manufacturing Critical & Complex Components Aircraft Parts
  • Exhibit 10: The Massive Market for Aerospace Parts Manufacturing to Expand the Addressable Market Opportunity for Machining Centers: Global Aerospace Parts Manufacturing Market (In US$ Billion) for Years 2022, 2024 and 2026
  • Heavy Equipment/Machinery Manufacturing Industry Promises Bright Prospects
  • Special Focus on IoT Enabled Machining Centers
  • Exhibit 11: Strong Growth & Progressive Maturity of Industrial Internet of Things (IIoT) Means the Technology is Ripe for Integration in Machining Centers: Global Market for IIoT (In US$ Billion) for Years 2022, 2024, 2026 and 2028
  • AI to Make an Impact on Machining Centers
  • Green Machining Centers Will Soon Be a Reality. Here's All You Need to Know
  • Innovations Remain Crucial for Sustained Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Machining Centers Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
  • Table 2: World Recent Past, Current & Future Analysis for Machining Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 3: World Historic Review for Machining Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 4: World 15-Year Perspective for Machining Centers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 5: World Recent Past, Current & Future Analysis for Vertical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 6: World Historic Review for Vertical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 7: World 15-Year Perspective for Vertical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 8: World Recent Past, Current & Future Analysis for Horizontal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 9: World Historic Review for Horizontal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 10: World 15-Year Perspective for Horizontal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 11: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 12: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 13: World 15-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 14: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 15: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 16: World 15-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 17: World Recent Past, Current & Future Analysis for General Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 18: World Historic Review for General Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 19: World 15-Year Perspective for General Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 20: World Recent Past, Current & Future Analysis for Precision Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 21: World Historic Review for Precision Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 22: World 15-Year Perspective for Precision Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 23: World Recent Past, Current & Future Analysis for Transport Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 24: World Historic Review for Transport Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 25: World 15-Year Perspective for Transport Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 26: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 27: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 28: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Machining Centers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
CANADAJAPANCHINA
EUROPE
  • Machining Centers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Machining Centers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Analytics
INDIASOUTH KOREATAIWANREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICA
IV. COMPETITION
  • Total Companies Profiled: 416

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ace Micromatic Group & Micromatic Machine Tools Pvt. Ltd.
  • Amera-Seiki Corp.
  • CHIRON Group SE
  • DMG Mori Co.,Ltd.
  • Doosan Machine Tools Co., Ltd.
  • Emerson Macchine S.R.L.
  • Fanuc Corporation
  • FFG European & American Holdings GmbH
  • Haas Automation, Inc.
  • Hurco Companies, Inc.
  • Jiuh-Yeh Precision Machinery Co., Ltd.
  • JTEKT Corporation
  • Jyoti CNC Automation Limited
  • Kent CNC
  • Komatsu NTC Ltd.
  • Makino Inc.
  • Matsuura Machinery Corporation
  • Maxmill Machinery Co., Ltd.
  • Mazak Corporation
  • Mitsubishi Electric Corporation
  • MTAB™ Engineers Private Limited
  • Okuma America Corporation
  • SCM GROUP S.p.A.
  • Siemens AG
  • The Hyundai Wia Corporation
  • Yamazaki Mazak Corporation
  • Yeong Chin Machinery Industries Co., Ltd.