The global milling machine market size is expected to be worth around US$ 200,861.0 million by 2030, according to a new report by Vision Research Reports.
The global milling machine market size was valued at US$ 64,156.5 million in 2020 and is anticipated to grow at a CAGR of 8.0% during forecast period 2021 to 2030.
|Market Size||USD 200,861.0 million by 2030|
|Growth Rate||CAGR of 8.0% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, End-Use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||AMADA CO., LTD.; Amera Seiki; DATRON Dynamics, Inc.; DMG MORI CO., LTD.; Haas Automation, Inc.; FANUC CORPORATION; Okuma Corporation; Shenyang Machine Tool Co., Ltd.; Hurco Companies, Inc.; Dalian Machine Tool Group Corporation (DMTG); and Yamazaki Mazak Corporation.|
The growing popularity of multi-axis milling machines, which can potentially transform the overall machining process by making it more accurate, reducing the amount of human intervention required, and improving the surface finish of the final product, is expected to contribute to the growth of the market.
The demand for fabricated metal products, particularly from the construction and machinery industries, is growing across the globe. Fabricated metal products are widely used in a variety of commercial as well as household use products such as ammunition, cutlery and utensils, and building items. The growing demand for such and other fabricated metal products is driving the demand for milling machines globally.
By Type Analysis
On the basis of type, the milling machine market has been segmented into horizontal milling machines and vertical milling machines. The horizontal milling machines segment dominated the market in 2020 owing to the growing popularity and users’ preference for horizontal milling machines.
the vertical milling machines segment accounted for a considerable share of the market in the said year, owing to features such as high visibility, affordable costs, ease of use, and high accuracy. These mills are mainly used for drilling and plunging cuts and are available in a wide range of specifications depending on different end uses.
By End-Use Analysis
On the basis of end-use, the market has been segmented into automotive, aerospace & defense, construction equipment, power & energy, industrial, and others. The industrial segment dominated the market in 2018 owing to the extensive use of horizontal milling machines for result-driven operations.
The automotive segment is expected to register the highest CAGR over the forecast period in line with the rising preference of OEMs to metal parts with precise cuts. The power & energy segment also accounted for a significant share in 2020.
By Regional Analysis
Asia Pacific dominated the market in 2020 owing to the rising adoption of metal cutting processes in the region. Given that Asia Pacific is home to some of the key market companies in the milling machine industry, it is anticipated to continue dominating the global market over the forecast period.
Europe accounted for a substantial share in 2020 owing to an aggressive adoption of milling machines by the automotive manufacturers in the region.
AMADA CO., LTD.; Amera Seiki; DATRON Dynamics, Inc.; DMG MORI CO., LTD.; Haas Automation, Inc.; FANUC CORPORATION; Okuma Corporation; Shenyang Machine Tool Co., Ltd.; Hurco Companies, Inc.; Dalian Machine Tool Group Corporation (DMTG); and Yamazaki Mazak Corporation
Horizontal Milling Machines
Vertical Milling Machines
Aerospace & Defense
Power & Energy
The Milling Machine market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Milling Machine market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Milling Machine market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Milling Machine market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Milling Machine market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Milling Machine capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Milling Machine by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Milling Machine market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Milling Machine market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Milling Machine market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Milling Machine industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Milling Machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Milling Machine market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Milling Machine market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Milling Machine market. These factors have benefited the growth of the global market for Milling Machine. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Milling Machine. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Milling Machine are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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