+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

CNC Milling Machines Market - Global Outlook & Forecast 2021-2026

  • PDF Icon


  • 248 Pages
  • August 2021
  • Region: Global
  • Arizton
  • ID: 5403538
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global CNC Milling Machines Market Report

The CNC milling machines market is expected to reach USD 21.55 billion by 2026, growing at a CAGR of 8.72%.

Milling is a method of removing excessive or unwanted material from any metal or other objects using a rotary cutter to give it a desired shape and size. This is done using a milling machine which is either manually controlled or automatic or both. The major end-users of CNC milling machines include automotive, aerospace, electrical & electronics, and others. The automotive sector accounts for the highest share in the global computer numerical control milling machines market among the end-users. It can be due to the high demand for precision parts and other parts used in the automotive sector. Moreover, the global automotive industry is the major contributor to the world’s economy and generates the highest demand for CNC milling machines. In 2020, the automotive sector accounted for over 35% of the market.

The following factors are likely to contribute to the growth of the CNC milling machines market during the forecast period:

  • Open architecture & Rising Subscription Based CAD Software
  • Increase in Automation Expenditure.
  • Advancement in CNC & Milling Machinery

Key Highlights

  • With a rising emphasis on Industry 4.0, vendors operating in the market are also revolutionizing their procedures by leveraging automated manufacturing systems. It has pushed the demand for CNC milling machines in the past.
  • The COVID-19 pandemic has led to several casualties and negative impacts on many businesses worldwide. Several automotive manufacturers shut down their production facilities due to the imposed lockdown. Therefore, the utilization of CNC milling declined in 2020 due to a lack of investments from end-users. It is one of the sharpest declines in the market after the economic recession of 2008.
  • Due to the COVID-19 pandemic, the Chinese supply reduction of intermediate inputs has impacted the productive capacity. Thus, exports of any given country are based on how dependent its industries are on Chinese suppliers.

Segmentation Analysis

  • Vertical and horizontal milling machines both perform roughly the same operations, but the production process is different. Both types have advantages and disadvantages, and both are better suited to operations. However, since vertical milling machines are cheaper than others, they are most popular used across end-users.
  • The 3-Axis type CNC milling machine is the most popular concerning axis type because of its low price and simplicity to use. However, there are limitations with this type of machine as it cannot be used on a machine with complex geometry.
  • 5-6 axis CNC milling machine offers fast working, precise, and micromachining. It has several functions which are superior to 3 or 4-axis milling machines. These machines are majorly used for producing parts/components such as aerospace products, oil, and gas machine parts, car molds, medical technology, architectural door frames, military-grade products, and others. As a result, factors such as high precision, application in complicated operations, and enhanced productivity are projected to drive demand for 6-axis CNC milling machines.
  • The demand for CNC milling machines is supposed to increase in the coming years due to expansions and investments by private and public players. Automotive, aerospace, electronics, and other industries have strengthened their presence in Europe, APAC, and North America and are still expanding in various countries.

By Product Type

  • Vertical CNC Milling Machines
  • Horizontal CNC Milling Machines
  • Universal CNC Milling Machines

By Axis Type

  • 3 Axis
  • 4 Axis
  • Others

By End User

  • Automobile
  • Electrical & Electronics
  • Aerospace & Defense
  • Others

Geographical Analysis

  • In 2020, APAC was the most significant revenue contributor to the global CNC milling machine market, with almost half of the market shares. In APAC and globally, China accounted for a substantial stake in the CNC tools market because of the increasing number of investments in the industrial automation market and YoY growth in government spending toward defense aircraft and equipment in major economies across the region.
  • Europe was the second-largest market for machine tools in 2020, The region was led by Germany, where the demand for CNC milling machines is high.
  • Latin American industrial production made substantial gains, especially in the automotive, electrical, and electronics sectors hence driving demand for CNC milling machines.
  • Saudi Arabia Government has invested over USD 70 billion to build six cities with regulatory adjustments and infrastructure to attract manufacturing companies. Thus, there is an expected surge in demand for machine tools in the region.

By Geography

  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • North America
  • US
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Vendor Analysis

  • COVID-19 has adversely affected the computer numerical control milling machines market share. The competition is intense between the big players, and the key markets for vendors are North America, APAC, and Europe. The prominent vendors in this market are Doosan, Fives, F-Zimmermann, Jtekt, and Makino.

Prominent Vendors

  • Doosan
  • Fives
  • F-Zimmermann
  • Jtekt
  • Makino

Other Prominent Vendors

  • Ace Micromatic Group
  • Chiron Group SE
  • General Technology
  • DMG Mori
  • Electronica Hitech
  • Falcon Machine Tools
  • GF Machining
  • Gleason Corporation
  • Grob-Werke
  • Haas Automation
  • Hyundai Wia
  • Komatsu
  • Okuma Corporation
  • Schuler AG
  • 600 Group
  • Spinner
  • Yamazaki Mazak


1. At what CAGR is the CNC milling machines market projected to grow in the forecast period (2021-2026)?
2. What are the factors enabling the CNC milling machines market growth?
3. Which region has the highest share in the CNC milling machines market?
4. What are the major developments in the CNC milling machines market?
5. Which segment is growing at a fast rate in the CNC milling machines market?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Industrial Revolution and Advances in Technology
7.3 Impact Of COVID-19
7.4 Dependence on China and Rising Automation
7.5 Impact of Precision Parts Manufacturing on the Market
7.6 Vendor Selection Procedure
8 Key Business Questions
8.1 CAGR
8.2 Regional Insights
8.3 Global Market
8.4 Key Opportunities in the Market
9 Market Opportunities & Trends
9.1 Open Architectures & Growing Subscription-Based CAD Software
9.2 Increase in Automation Expenditure
9.3 Advances in CNC & Milling Machinery
10 Market Growth Enablers
10.1 Growth of Industry 4.0
10.2 Rise in Machine Tools Investment
10.3 Industrial & Economic Growth in APAC
10.4 Growth in the Automotive Sector
11 Market Restraints
11.1 Political Turmoil - Restraint for Trade
11.2 Rise in Material Cost
11.3 High Degree of End-User Variability & Market Risks
11.4 Unstable Demand from Oil & Gas Industry
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Product: Market Size & Forecast
12.4 Axis Type: Market Size & Forecast
12.5 End-User: Market Size & Forecast
12.6 Five Forces Analysis
13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Vertical CNC Milling Machine
13.4 Horizontal CNC Milling Machine
13.5 Universal CNC Milling Machine
14 Axis Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 3-Axis
14.4 4-Axis
14.5 Other Axes
15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Automotive
15.4 Electrical & Electronics Industry
15.5 Aerospace & Defense
15.6 Other Industries
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Product
17.4 Axis Type
17.5 End-User
17.6 Key Countries
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Product
18.4 Axis Type
18.5 End-User
18.6 Key Countries
19 North America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product
19.4 Axis Type
19.5 End-User
19.6 Key Countries
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product
20.4 Axis Type
20.5 End-User
20.6 Key Countries
21 Middle East & Africa
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Product
21.4 Axis Type
21.5 End-User
21.6 Key Countries
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 Doosan
23.2 Fives
23.3 F-Zimmermann
23.4 JTEKT
23.5 Makino
24 Other Prominent Vendors
24.1 Ace Micromatic Group
24.2 Chiron Group SE
24.3 General Technology Group Dalian Machine Tool Corporation
24.4 DMG Mori
24.5 Electronica Hitech Machine Tools
24.6 Falcon Machine Tools
24.7 GF Machining Solutions Management
24.8 Gleason Corporation
24.9 Grob-Werke
24.10 HAAS Automation
24.11 Hyundai WIA
24.12 Komatsu
24.13 Okuma Corporation
24.14 Schuler AG
24.15 600 Group
24.16 Spinner Werkzeugmaschinenfabrik
24.17 Yamazaki Mazak Corporation
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market by Geography
26.2 Product
26.3 Axis Type
26.4 End-User
26.5 APAC
26.6 Europe
26.7 North America
26.8 Latin America
26.9 Middle East & Africa
27 Appendix
27.1 Abbreviation

Companies Mentioned

  • Doosan
  • Fives
  • F-Zimmermann
  • Jtekt
  • Makino
  • Ace Micromatic Group
  • Chiron Group SE
  • General Technology
  • DMG Mori
  • Electronica Hitech
  • Falcon Machine Tools
  • GF Machining
  • Gleason Corporation
  • Grob-Werke
  • Haas Automation
  • Hyundai Wia
  • Komatsu
  • Okuma Corporation
  • Schuler AG
  • 600 Group
  • Spinner
  • Yamazaki Mazak


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



Table Information