Market Overview:
The global 5-axis CNC machining centers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high precision and complex parts across various industries such as aerospace & defense, automotive, medical, and others. In addition, the growing adoption of 5-axis machining centers in small and medium enterprises (SMEs) is also contributing to the growth of this market. However, factors such as high initial investment costs and lack of skilled labor are restraining the growth of this market. Based on type, the global 5-axis CNC machining centers market can be segmented into vertical 5-axis CNC machining centers and horizontal 5-axis CNC machining Centers. The vertical segment is expected to account for a larger share than the horizontal segment during the forecast period owing to its ability to produce large parts with high precision accuracy. Based on application,the global 5-axis cnc Machining Centers Market can be divided into aerospace & defense; automotive; medical; other industrial applications including semiconductor & electronics components manufacturing; energy sector (oil & gas); marine industry components manufacturing ;and others including research institutes& universities).
Product Definition:
A five-axis CNC machining center can move the cutting tool in five different directions: forward and back, left and right, and up and down. This allows the machine to create complex shapes that would be difficult or impossible to produce with a three-axis machine. The importance of 5-Axis CNC Machining Centers is that they can create more complex shapes in a single operation, which leads to faster production times and lower manufacturing costs.
Vertical 5-axis CNC Machining Centers:
Vertical 5-axis CNC machining centers are used to perform five orthogonal movements of the work piece. These machines can cut, drill, engrave or mow and provide high accuracy while performing these operations. The machine has a vertical movement in the X, Y and Z directions along with a horizontal movement in the X & Y plane.
Horizontal 5-axis CNC Machining Centers:
Horizontal 5-axis CNC machining centers are used to perform multiple operations on a single work piece with the help of five orthogonal axes. Horizontal 5-axis CNC machining centers have applications in cutting, grinding, turning, facing and other operations that require high accuracy and precision. The horizontal design offers more flexibility for cuts to be made in different shapes and sizes compared to vertical designs which can only cut round or square shaped pieces at a time.
Application Insights:
The aerospace and defense application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing demand for precision-engineered products, which are manufactured using CNC machining centers, as they offer high rigidity and accuracy. Moreover, these machines have a smaller turning radius compared to other conventional manufacturing equipment; this feature allows them to work in tight spaces with low clearance.
The automotive application segment is expected to witness significant growth over the forecast period owing to an increase in production levels of passenger cars and commercial vehicles across various regions including Asia Pacific, North America and Europe. Furthermore, stringent regulations on pollution control coupled with rising fuel efficiency targets are likely drive innovation in vehicle manufacturing technologies that will eventually result in higher adoption of 5-axis CNC machining centers over the coming years.
Regional Analysis:
Asia Pacific dominated the global 5-axis CNC machining centers market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments in developing countries such as China and India, growing demand for consumer electronics and rapid industrialization & urbanization in these economies. Moreover, rising disposable income of consumers is anticipated to fuel the regional market growth during the forecast period.
The Asia Pacific region has witnessed a significant rise in production activities of various types of components such as gears, sprockets, chains & belts which are extensively used across numerous industries including automotive, aerospace & defense and manufacturing sectors.
Growth Factors:
- Increasing demand for high precision and complex parts from the automotive and aerospace industries
- Growing popularity of additive manufacturing technologies that require 5-axis machining for producing 3D parts
- Rising demand from small- and medium-sized businesses (SMBs) for affordable, high-quality CNC machines
- Advances in machine tool technology that are making 5-axis machining centers more affordable and easier to use
- The growing trend of "maker culture" among hobbyists and DIY enthusiasts who are interested in learning how to use CNC machines
Scope Of The Report
Report Attributes
Report Details
Report Title
5-Axis CNC Machining Centers Market Research Report
By Type
Vertical 5-axis CNC Machining Centers, Horizontal 5-axis CNC Machining Centers
By Application
Aerospace & Defense, Automotive, Medical, Other
By Companies
DMG Mori Seiki, Yamazaki Mazak, Makino, Okuma Corporation, Haas Automation, DMTG, JTEKT Corporation, Doosan Infracore, HERMLE, Hurco, SMTCL, MHI, Hardinge Group, Hyundai WIA, Jyoti CNC Automation
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global 5-Axis CNC Machining Centers Market Report Segments:
The global 5-Axis CNC Machining Centers market is segmented on the basis of:
Types
Vertical 5-axis CNC Machining Centers, Horizontal 5-axis CNC Machining Centers
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 & Defense, Automotive, Medical, 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:
- DMG Mori Seiki
- Yamazaki Mazak
- Makino
- Okuma Corporation
- Haas Automation
- DMTG
- JTEKT Corporation
- Doosan Infracore
- HERMLE
- Hurco
- SMTCL
- MHI
- Hardinge Group
- Hyundai WIA
- Jyoti CNC Automation
Highlights of The 5-Axis CNC Machining Centers 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:
- Vertical 5-axis CNC Machining Centers
- Horizontal 5-axis CNC Machining Centers
- By Application:
- Aerospace & Defense
- Automotive
- Medical
- 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 5-Axis CNC Machining Centers 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?
5-Axis CNC Machining Centers are machines that can cut and machine parts in five directions. This makes them very versatile for a variety of tasks, such as creating complex shapes out of metal or plastic.
Some of the key players operating in the 5-axis cnc machining centers market are DMG Mori Seiki, Yamazaki Mazak, Makino, Okuma Corporation, Haas Automation, DMTG, JTEKT Corporation, Doosan Infracore, HERMLE, Hurco, SMTCL, MHI, Hardinge Group, Hyundai WIA, Jyoti CNC Automation.
The 5-axis cnc machining centers market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 5-Axis CNC Machining Centers 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 5-Axis CNC Machining Centers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 5-Axis CNC Machining Centers 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 5-Axis CNC Machining Centers 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 5-Axis CNC Machining Centers Market Size & Forecast, 2020-2028
4.5.1 5-Axis CNC Machining Centers Market Size and Y-o-Y Growth
4.5.2 5-Axis CNC Machining Centers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Vertical 5-axis CNC Machining Centers
5.2.2 Horizontal 5-axis CNC Machining Centers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Aerospace & Defense
6.2.2 Automotive
6.2.3 Medical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 5-Axis CNC Machining Centers 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 5-Axis CNC Machining Centers 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Vertical 5-axis CNC Machining Centers
9.6.2 Horizontal 5-axis CNC Machining Centers
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 Market Size Forecast by Applications
9.10.1 Aerospace & Defense
9.10.2 Automotive
9.10.3 Medical
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Vertical 5-axis CNC Machining Centers
10.6.2 Horizontal 5-axis CNC Machining Centers
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 Market Size Forecast by Applications
10.10.1 Aerospace & Defense
10.10.2 Automotive
10.10.3 Medical
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Vertical 5-axis CNC Machining Centers
11.6.2 Horizontal 5-axis CNC Machining Centers
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 Market Size Forecast by Applications
11.10.1 Aerospace & Defense
11.10.2 Automotive
11.10.3 Medical
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Vertical 5-axis CNC Machining Centers
12.6.2 Horizontal 5-axis CNC Machining Centers
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 Market Size Forecast by Applications
12.10.1 Aerospace & Defense
12.10.2 Automotive
12.10.3 Medical
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Vertical 5-axis CNC Machining Centers
13.6.2 Horizontal 5-axis CNC Machining Centers
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) Market Size Forecast by Applications
13.10.1 Aerospace & Defense
13.10.2 Automotive
13.10.3 Medical
13.10.4 Other
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 5-Axis CNC Machining Centers Market: Competitive Dashboard
14.2 Global 5-Axis CNC Machining Centers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DMG Mori Seiki
14.3.2 Yamazaki Mazak
14.3.3 Makino
14.3.4 Okuma Corporation
14.3.5 Haas Automation
14.3.6 DMTG
14.3.7 JTEKT Corporation
14.3.8 Doosan Infracore
14.3.9 HERMLE
14.3.10 Hurco
14.3.11 SMTCL
14.3.12 MHI
14.3.13 Hardinge Group
14.3.14 Hyundai WIA
14.3.15 Jyoti CNC Automation
