Market Overview:
The global boring-milling machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for boring-milling machines from the aerospace industry, transportation industry, and industrial machinery sector. Additionally, the growing demand for these machines in emerging economies is also contributing to the growth of this market. However, factors such as high initial cost and lack of skilled labor are restraining the growth of this market.
Product Definition:
A boring-milling machine is a type of milling machine that is used to create cylindrical surfaces on metal parts. The importance of a boring-milling machine is that it can create precise, accurate cylindrical surfaces on metal parts, which is essential for many industrial applications.
CNC Type:
CNC stands for Computer Numerical Control and it is a type of machine tool that uses computers to control the movement of the cutting tools or equipment. CNC machines are used in industries such as automotive, aerospace, entertainment, medical and consumer goods manufacturing among others. The global CNC market size was valued at USD 21 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 5% from 2017 to 2025.
Ordinary Type:
An ordinary type is a tool that is used to cut or drill a specific shape or form. It has high-speed steel cutting wheels and can be adjusted for different sizes of holes. The machine uses the concept of weight-driven motion, which comprises two main components: heavy workpiece and lighter nutation member (crank).
Application Insights:
The aerospace industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The global demand for boring-milling machines has witnessed a rise due to an increase in aircraft production, particularly from China, Japan and South Korea. In addition, countries such as Australia and New Zealand are also witnessing significant growth in their aviation sector on account of increasing air travelers. This trend is expected to continue over the forecast period thus driving the demand for BMM globally.
The industrial machinery segment accounted for 19% of market share by volume in 2017 owing to high product adoption across various industries including automotive & transportation equipment manufacturing among others such as food & beverage processing where precision machining plays a major role cutting or grinding materials into smaller pieces or particles which are further used within specific applications only resulting into higher product adoption across various sectors worldwide eventually leading towards lucrative revenue generation during estimated time frames.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high-quality machining services from various end users, such as aerospace and defense, automotive, industrial machinery and others. In addition, rising investments in R&D activities by countries such as China and Japan are expected to fuel the product demand in Asia Pacific region.
The growing manufacturing sector in emerging economies of Asia Pacific including India is also contributing toward market growth due to increased production of automobiles and consumer electronics products among others. Moreover, rapid urbanization coupled with expanding infrastructure sector will boost construction activities which will further drive product sales over the next eight years.
Growth Factors:
- Increasing demand for miniaturization in the electronics industry
- Rising demand for high-precision machining in the automotive and aerospace industries
- Growing popularity of 3D printing and additive manufacturing
- Advances in boring-milling machine technology and software that improve accuracy, speed, and efficiency
- Increased use of boring-milling machines in small businesses and hobbyists
Scope Of The Report
Report Attributes
Report Details
Report Title
Boring-Milling Machine Market Research Report
By Type
CNC Type, Ordinary Type
By Application
Aerospace Industry, Transportation Industry, Industrial Machinery, Other
By Companies
PAMA, AZ spa, DANOBATGROUP, LAZZATI, MHI, Fermat Machinery, FPT Industrie, Juaristi, Toshiba Machine, Doosan, Q2JC, SMTCL, Kuming Machine Tool, China North Industries Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Boring-Milling Machine Market Report Segments:
The global Boring-Milling Machine market is segmented on the basis of:
Types
CNC Type, Ordinary Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace Industry, Transportation Industry, Industrial Machinery, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PAMA
- AZ spa
- DANOBATGROUP
- LAZZATI
- MHI
- Fermat Machinery
- FPT Industrie
- Juaristi
- Toshiba Machine
- Doosan
- Q2JC
- SMTCL
- Kuming Machine Tool
- China North Industries Group
Highlights of The Boring-Milling Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CNC Type
- Ordinary Type
- By Application:
- Aerospace Industry
- Transportation Industry
- Industrial Machinery
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Boring-Milling Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Boring-milling machine is a type of milling machine that uses a rotating cutting tool to remove material from a workpiece. The tool may be either stationary or movable, and the workpiece may be rotated around its axis.
Some of the key players operating in the boring-milling machine market are PAMA, AZ spa, DANOBATGROUP, LAZZATI, MHI, Fermat Machinery, FPT Industrie, Juaristi, Toshiba Machine, Doosan, Q2JC, SMTCL, Kuming Machine Tool, China North Industries Group.
The boring-milling machine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Boring-Milling Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Boring-Milling Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Boring-Milling Machine Market - Supply Chain
4.5. Global Boring-Milling Machine Market Forecast
4.5.1. Boring-Milling Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Boring-Milling Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Boring-Milling Machine Market Absolute $ Opportunity
5. Global Boring-Milling Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Boring-Milling Machine Market Size and Volume Forecast by Type
5.3.1. CNC Type
5.3.2. Ordinary Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Boring-Milling Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Boring-Milling Machine Market Size and Volume Forecast by Application
6.3.1. Aerospace Industry
6.3.2. Transportation Industry
6.3.3. Industrial Machinery
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Boring-Milling Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Boring-Milling Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Boring-Milling Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Boring-Milling Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Boring-Milling Machine Demand Share Forecast, 2019-2029
9. North America Boring-Milling Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Boring-Milling Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Boring-Milling Machine Market Size and Volume Forecast by Application
9.4.1. Aerospace Industry
9.4.2. Transportation Industry
9.4.3. Industrial Machinery
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Boring-Milling Machine Market Size and Volume Forecast by Type
9.7.1. CNC Type
9.7.2. Ordinary Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Boring-Milling Machine Demand Share Forecast, 2019-2029
10. Latin America Boring-Milling Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Boring-Milling Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Boring-Milling Machine Market Size and Volume Forecast by Application
10.4.1. Aerospace Industry
10.4.2. Transportation Industry
10.4.3. Industrial Machinery
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Boring-Milling Machine Market Size and Volume Forecast by Type
10.7.1. CNC Type
10.7.2. Ordinary Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Boring-Milling Machine Demand Share Forecast, 2019-2029
11. Europe Boring-Milling Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Boring-Milling Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Boring-Milling Machine Market Size and Volume Forecast by Application
11.4.1. Aerospace Industry
11.4.2. Transportation Industry
11.4.3. Industrial Machinery
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Boring-Milling Machine Market Size and Volume Forecast by Type
11.7.1. CNC Type
11.7.2. Ordinary Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Boring-Milling Machine Demand Share, 2019-2029
12. Asia Pacific Boring-Milling Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Boring-Milling Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Boring-Milling Machine Market Size and Volume Forecast by Application
12.4.1. Aerospace Industry
12.4.2. Transportation Industry
12.4.3. Industrial Machinery
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Boring-Milling Machine Market Size and Volume Forecast by Type
12.7.1. CNC Type
12.7.2. Ordinary Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Boring-Milling Machine Demand Share, 2019-2029
13. Middle East & Africa Boring-Milling Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Boring-Milling Machine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Boring-Milling Machine Market Size and Volume Forecast by Application
13.4.1. Aerospace Industry
13.4.2. Transportation Industry
13.4.3. Industrial Machinery
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Boring-Milling Machine Market Size and Volume Forecast by Type
13.7.1. CNC Type
13.7.2. Ordinary Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Boring-Milling Machine Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Boring-Milling Machine Market: Market Share Analysis
14.2. Boring-Milling Machine Distributors and Customers
14.3. Boring-Milling Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PAMA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AZ spa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DANOBATGROUP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LAZZATI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MHI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fermat Machinery
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FPT Industrie
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Juaristi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba Machine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Doosan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Q2JC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SMTCL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kuming Machine Tool
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. China North Industries Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
