Market Overview:
The global CNC machine center market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for CNC machine centers from various end-use industries, such as automobile, machinery manufacturing, aerospace and defense, and others. In addition, the growing demand for high-precision machining is also contributing to the growth of this market. Based on type, the global CNC machine center market can be segmented into 4-axis machining centre and 5-axis machining centre. The 4-axis machining centre segment is expected to account for a larger share of this market than the 5-axis machining centre segment during the forecast period. This can be attributed to its lower cost as compared with 5-axis machines and its ability to produce complex parts with fewer setups. Based on application,the global CNC machine centermarket can be divided into automotive industry, machinery manufacturing industry,, aerospace and defense industry,,and other applications segments..
Product Definition:
A CNC machine center is a type of computer numerically controlled (CNC) machine tool that uses three or more axes to create or modify parts. The most common type of CNC machine center is a vertical machining center (VMC), which can be used to perform a variety of operations, such as milling, drilling, and turning.
4-Axis Machining Centre:
4-axis machining center is a programmable machine tool that performs its operations with the help of four main axes. The fourth axis can be considered as a vertical and horizontal plane through the center of gravity of the part to be milled, drilled, cut or ground. These machines are used for producing high quality parts with reduced production time and increased accuracy.
5-Axis Machining Centre:
5-axis machining center is a kind of coordinate system that specifies the orientation and position of the work piece with respect to five orthogonal directions (x, y, z, xy, andxy). The fifth axis can be oriented in vertical or horizontal direction. In addition to these five orthogonal directions; it also provides additional information about the orientation of components within a machine tool.
Application Insights:
The machinery manufacturing segment dominated the global market in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing demand for industrial machinery across various industries such as oil & gas, construction, mining, food processing and packaging among others.
Automobile manufacturing was the second largest application segment in 2017 and accounted for a revenue share of 15.9%. The growth can be attributed to factors such as growing production capacities in China and India along with high consumerism there which has resulted in an increased demand for vehicles across all major markets including North America and Europe. Moreover, favorable government policies regarding infrastructure development along with technological advancements are expected to increase investments by both domestic as well as foreign companies which will further propel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in several industries, such as aerospace & defense, automotive, electrical & electronics, consumer goods manufacturing and others. This growth is majorly driven by rising demand for precision machine tools from end-users located across various sectors including Aerospace & Defense (aircraft parts), Automotive (engine parts), Machinery Manufacturing (mining equipment) and Electrical & Electronics Industries.
The increasing use of CNC machines for rapid prototyping of components/tools used in different industries is also anticipated to drive regional market growth over the forecast period.
Growth Factors:
- Increasing demand for CNC machine centers from the automotive and aerospace industries due to the need for high precision and accuracy.
- Growing demand for CNC machine centers in small-scale businesses due to their ability to produce high quality parts at low costs.
- The increasing popularity of 3D printing and additive manufacturing, which require the use of CNC machine centers for producing complex parts with tight tolerances.
- Technological advancements that have led to the development of more sophisticated CNC machines Centers, making them faster, more accurate, and easier to operate.
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Machine Center Market Research Report
By Type
4-Axis Machining Centre, 5-Axis Machining Centre
By Application
Automobile, Machinery Manufacturing, Aerospace and Defense, Others
By Companies
Yamazaki Mazak, DMG Mori Seiki, GROB-WERKE, Makino, Okuma Corporation, JTEKT Corporation, Haas Automation, Doosan Machine Tools, Hermle, Chiron Group, Yamazaki Mazak, GF Machining Solutions, EMAG, Starrag Group, Haitian Precision, Hyundai WIA, INDEX-Werke, Hurco, RIFA Precision, Hardinge 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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global CNC Machine Center Market Report Segments:
The global CNC Machine Center market is segmented on the basis of:
Types
4-Axis Machining Centre, 5-Axis Machining Centre
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
Automobile, Machinery Manufacturing, Aerospace and Defense, 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:
- Yamazaki Mazak
- DMG Mori Seiki
- GROB-WERKE
- Makino
- Okuma Corporation
- JTEKT Corporation
- Haas Automation
- Doosan Machine Tools
- Hermle
- Chiron Group
- Yamazaki Mazak
- GF Machining Solutions
- EMAG
- Starrag Group
- Haitian Precision
- Hyundai WIA
- INDEX-Werke
- Hurco
- RIFA Precision
- Hardinge Group
Highlights of The CNC Machine 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:
- 4-Axis Machining Centre
- 5-Axis Machining Centre
- By Application:
- Automobile
- Machinery Manufacturing
- Aerospace and Defense
- 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 CNC Machine 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 CNC machine center is a facility that uses computer-controlled machines to produce parts or products.
Some of the major companies in the cnc machine center market are Yamazaki Mazak, DMG Mori Seiki, GROB-WERKE, Makino, Okuma Corporation, JTEKT Corporation, Haas Automation, Doosan Machine Tools, Hermle, Chiron Group, Yamazaki Mazak, GF Machining Solutions, EMAG, Starrag Group, Haitian Precision, Hyundai WIA, INDEX-Werke, Hurco, RIFA Precision, Hardinge Group.
The cnc machine center market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNC Machine 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 CNC Machine Center Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 CNC Machine 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 CNC Machine 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 CNC Machine Center Market Size & Forecast, 2020-2028 4.5.1 CNC Machine Center Market Size and Y-o-Y Growth 4.5.2 CNC Machine Center 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 4-Axis Machining Centre
5.2.2 5-Axis Machining Centre
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 Automobile
6.2.2 Machinery Manufacturing
6.2.3 Aerospace and Defense
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC Machine 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 CNC Machine 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 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 4-Axis Machining Centre
9.6.2 5-Axis Machining Centre
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 Automobile
9.10.2 Machinery Manufacturing
9.10.3 Aerospace and Defense
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 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 4-Axis Machining Centre
10.6.2 5-Axis Machining Centre
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 Automobile
10.10.2 Machinery Manufacturing
10.10.3 Aerospace and Defense
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 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 4-Axis Machining Centre
11.6.2 5-Axis Machining Centre
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 Automobile
11.10.2 Machinery Manufacturing
11.10.3 Aerospace and Defense
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 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 4-Axis Machining Centre
12.6.2 5-Axis Machining Centre
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 Automobile
12.10.2 Machinery Manufacturing
12.10.3 Aerospace and Defense
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) 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 4-Axis Machining Centre
13.6.2 5-Axis Machining Centre
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 Automobile
13.10.2 Machinery Manufacturing
13.10.3 Aerospace and Defense
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 CNC Machine Center Market: Competitive Dashboard
14.2 Global CNC Machine Center Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamazaki Mazak
14.3.2 DMG Mori Seiki
14.3.3 GROB-WERKE
14.3.4 Makino
14.3.5 Okuma Corporation
14.3.6 JTEKT Corporation
14.3.7 Haas Automation
14.3.8 Doosan Machine Tools
14.3.9 Hermle
14.3.10 Chiron Group
14.3.11 Yamazaki Mazak
14.3.12 GF Machining Solutions
14.3.13 EMAG
14.3.14 Starrag Group
14.3.15 Haitian Precision
14.3.16 Hyundai WIA
14.3.17 INDEX-Werke
14.3.18 Hurco
14.3.19 RIFA Precision
14.3.20 Hardinge Group