Market Overview:
The Global 3 axis-5 axis CNC Vertical Machining Center Market is expected to grow at a CAGR of 6.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for 3 axis-5 axis CNC vertical machining centers in the automotive, aerospace, metal fabrication, and other industries. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for 3 axis-5 axis CNC vertical machining centers from countries such as China and India.
Product Definition:
A CNC vertical machining center (VMC) is a computer-controlled machine that uses a spindle to hold a cutting tool, and moves the tool up and down along two perpendicular axes. The third axis allows the tool to move side-to-side, providing more flexibility for forming complex shapes.
3 axis:
Vertical machining center is a computer controlled machine tool that performs work by moving the cutting head with vertical movement. It is used to cut materials like wood, metal or stone etc. The vertical machining center has three orthogonal coordinate systems i.e.
4 axis:
4axis and it's usage in 3 axis-5 axis CNC Vertical Machining Center market is expected to grow at a significant rate over the forecast period. The vertical machining center (VMC) technology has been evolving for several years. Initially, they were used only for drilling and reamming operations; however, with time many manufacturers have started using them for other operations as well such as surface grinding, facing/flanging cutting among others.
Application Insights:
The automotive industry accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to increasing demand for vehicles across various regions, especially China, India and Japan. Furthermore, technological advancements such as implementation of smart manufacturing technologies are further driving the adoption of 3 axis-5 axis CNC vertical machining centers in this sector. In addition to being used for production purposes, these machines are also employed by automakers for repair & maintenance activities as they offer high precision & consistency while cutting complex shapes into metal components or plastic sheets.
Aerospace is another key application segment where 3axis-5axis CNC vertical machining center finds applications in a wide range including aircraft parts manufacturing (wing root fillet), space equipment (astronaut tools) and others (rocket engine components).
Regional Analysis:
Asia Pacific dominated the global 3 axis-5 axis CNC Vertical Machining Center market in terms of revenue with a share of over 40.0% in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing demand for metal cutting machines from various end-use industries such as automotive, aerospace, and others.
The growing manufacturing sector and rapid industrialization are some of the major factors contributing towards increased demand for metal cutting machines in Asia Pacific countries such as China, Japan, South Korea, India among others. In addition rising investments by governments in these countries are also driving regional growth due to which there is an increase or introduction of new brands and models within these markets thereby boosting product sales across all verticals including woodworking machinery industry.
Growth Factors:
- Increasing demand for high precision and complex components from the automotive and aerospace industries
- Growing popularity of 3D printing and additive manufacturing technologies
- Rising investments in industrial automation and robotics
- Proliferation of advanced CNC control systems with enhanced capabilities
- Emergence of new applications for vertical machining centers in areas such as medical implants, energy production, and defense
Scope Of The Report
Report Attributes
Report Details
Report Title
3 axis-5 axis CNC Vertical Machining Center Market Research Report
By Type
3 axis, 4 axis, 5 axis
By Application
Automotive Industry, Aerospace Industry, Metal Fabrication Industry, Others
By Companies
Haas Automation, HURCO, MAKINO, OKUMA, SMTCL Americas, Yamazaki Mazak, CMS North America, Jyoti CNC Automation, Komatsu NTC, KRUDO Industrial, Haas Automation, DMG MORI
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global 3 axis-5 axis CNC Vertical Machining Center Market Report Segments:
The global 3 axis-5 axis CNC Vertical Machining Center market is segmented on the basis of:
Types
3 axis, 4 axis, 5 axis
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
Automotive Industry, Aerospace Industry, Metal Fabrication Industry, Others
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:
- Haas Automation
- HURCO
- MAKINO
- OKUMA
- SMTCL Americas
- Yamazaki Mazak
- CMS North America
- Jyoti CNC Automation
- Komatsu NTC
- KRUDO Industrial
- Haas Automation
- DMG MORI
Highlights of The 3 axis-5 axis CNC Vertical Machining Center 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:
- 3 axis
- 4 axis
- 5 axis
- By Application:
- Automotive Industry
- Aerospace Industry
- Metal Fabrication Industry
- Others
- 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 3 axis-5 axis CNC Vertical Machining Center 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
- Identifying Appropriate Advertising Appeals
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?
A 3 axis-5 axis CNC Vertical Machining Center is a machine that can be used to machin
Some of the major companies in the 3 axis-5 axis cnc vertical machining center market are Haas Automation, HURCO, MAKINO, OKUMA, SMTCL Americas, Yamazaki Mazak, CMS North America, Jyoti CNC Automation, Komatsu NTC, KRUDO Industrial, Haas Automation, DMG MORI.
The 3 axis-5 axis cnc vertical machining center market is expected to register a CAGR of 6.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 3 axis-5 axis CNC Vertical Machining Center Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 3 axis-5 axis CNC Vertical Machining Center Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 3 axis-5 axis CNC Vertical Machining Center Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 3 axis-5 axis CNC Vertical Machining Center Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 3 axis-5 axis CNC Vertical Machining Center Market Size & Forecast, 2018-2028
4.5.1 3 axis-5 axis CNC Vertical Machining Center Market Size and Y-o-Y Growth
4.5.2 3 axis-5 axis CNC Vertical Machining Center Market Absolute $ Opportunity
Chapter 5 Global 3 axis-5 axis CNC Vertical Machining Center Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Type
5.2.1 3 axis
5.2.2 4 axis
5.2.3 5 axis
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 3 axis-5 axis CNC Vertical Machining Center Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Applications
6.2.1 Automotive Industry
6.2.2 Aerospace Industry
6.2.3 Metal Fabrication Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 3 axis-5 axis CNC Vertical Machining Center Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America 3 axis-5 axis CNC Vertical Machining Center Analysis and Forecast
9.1 Introduction
9.2 North America 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Type
9.6.1 3 axis
9.6.2 4 axis
9.6.3 5 axis
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Applications
9.10.1 Automotive Industry
9.10.2 Aerospace Industry
9.10.3 Metal Fabrication Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe 3 axis-5 axis CNC Vertical Machining Center Analysis and Forecast
10.1 Introduction
10.2 Europe 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Type
10.6.1 3 axis
10.6.2 4 axis
10.6.3 5 axis
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Applications
10.10.1 Automotive Industry
10.10.2 Aerospace Industry
10.10.3 Metal Fabrication Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific 3 axis-5 axis CNC Vertical Machining Center Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Type
11.6.1 3 axis
11.6.2 4 axis
11.6.3 5 axis
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Applications
11.10.1 Automotive Industry
11.10.2 Aerospace Industry
11.10.3 Metal Fabrication Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America 3 axis-5 axis CNC Vertical Machining Center Analysis and Forecast
12.1 Introduction
12.2 Latin America 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Type
12.6.1 3 axis
12.6.2 4 axis
12.6.3 5 axis
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Applications
12.10.1 Automotive Industry
12.10.2 Aerospace Industry
12.10.3 Metal Fabrication Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) 3 axis-5 axis CNC Vertical Machining Center Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 3 axis-5 axis CNC Vertical Machining Center Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Type
13.6.1 3 axis
13.6.2 4 axis
13.6.3 5 axis
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) 3 axis-5 axis CNC Vertical Machining Center Market Size Forecast by Applications
13.10.1 Automotive Industry
13.10.2 Aerospace Industry
13.10.3 Metal Fabrication Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 3 axis-5 axis CNC Vertical Machining Center Market: Competitive Dashboard
14.2 Global 3 axis-5 axis CNC Vertical Machining Center Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haas Automation
14.3.2 HURCO
14.3.3 MAKINO
14.3.4 OKUMA
14.3.5 SMTCL Americas
14.3.6 Yamazaki Mazak
14.3.7 CMS North America
14.3.8 Jyoti CNC Automation
14.3.9 Komatsu NTC
14.3.10 KRUDO Industrial
14.3.11 Haas Automation
14.3.12 DMG MORI
