Market Overview:
The global knee mill 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 knee mills from job shops, aerospace, energy and other industries. Additionally, the growing demand for CNC-based knee mills is also contributing to the growth of this market. However, factors such as high initial cost and lack of skilled labor are restraining its growth.
Product Definition:
A knee mill is a type of milling machine that uses a knee to support the quill, which is the movable part of the spindle that carries and supports the cutting tool.
CNC Knee Mill:
CNC knee mill is a tool that is used to cut the material in the shape of desired component. It uses one or more cutting tools, which are mounted on a rotating shaft and can be altered according to requirement by changing their position. CNC knee mills are widely used for turning, facing, drilling and reaming operations in various industries such as automotive & transportation, aerospace & defense and industrial manufacturing among others.
Manual Knee Mill:
The manual knee mill is a device that uses gravity to move the cutting head in an arc-like motion. It is used for rough cutting of metal and hard surfaces such as glass, concrete, stone, etc. The manual knee mill has different types ofcutting heads including chamfered round head, chamfered square head and T-shaped head among others which can be changed according to the requirements.
Application Insights:
The global knee mill market is segmented on the basis of application into automotive & transportation, aerospace & defense, energy, medical equipment and others. The automotive & transportation sector dominated the overall industry in terms of revenue share at over 40% in 2017. Automotive manufacturers are increasingly using CNC machines to machine components with tight tolerances for quality and performance. In addition, rising demand for lightweight vehicles is expected to drive the demand further over the forecast period.
The medical equipment segment was valued at USD 281 million in 2017 owing to increasing usage of knee mills by OEMs and aftermarket companies for grinding various types of orthopedic implants such as polyethylene arthroplastons (PEA), polyethylene trabecularon (PETR) or titanium alloy interbody devices (Ti-ICD).
Regional Analysis:
Asia Pacific dominated the global knee mill market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from China, India, Japan, South Korea and Taiwan. Asia Pacific has been witnessing strong economic growth on account of increasing foreign investments coupled with supportive government policies for manufacturing facilities setting-up in the region.
The growing aerospace industry across countries such as China and India are anticipated to drive product demand over the forecast period. Furthermore, energy sector is also contributing towards market development owing to increasing government focus on developing renewable energy sources that require high precision machine tools for production of components with required accuracy & quality standards.
North America accounted for a significant share in terms of revenue generation owing to presence major players such as CNC Software Group Inc.; Universal Machine Tools Co.
Growth Factors:
- Increasing demand for knee mill machines from the automotive and aerospace industries on account of their superior precision and accuracy.
- Rising adoption of knee mill machines in small-scale businesses owing to their low cost and easy operability.
- Growing demand for customized knee mill machines from end-use industries to cater to specific needs and requirements.
- Proliferation of advanced technologies such as computer numerical control (CNC) that offer enhanced performance, precision, and accuracy in knee mill machines operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Knee Mill Market Research Report
By Type
CNC Knee Mill, Manual Knee Mill
By Application
Job Shops, Aerospace, Energy, Others
By Companies
Cincinnati Machines, Kent Industrial USA, Clausing Industrial, Willis Machinery, Hardinge, Sharp, Southwestern Industries, Precision Matthews, Baileigh Industrial, CNC Masters, Haas
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Knee Mill Market Report Segments:
The global Knee Mill market is segmented on the basis of:
Types
CNC Knee Mill, Manual Knee Mill
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
Job Shops, Aerospace, Energy, 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:
- Cincinnati Machines
- Kent Industrial USA
- Clausing Industrial
- Willis Machinery
- Hardinge
- Sharp
- Southwestern Industries
- Precision Matthews
- Baileigh Industrial
- CNC Masters
- Haas
Highlights of The Knee Mill 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 Knee Mill
- Manual Knee Mill
- By Application:
- Job Shops
- Aerospace
- Energy
- 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 Knee Mill 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 knee mill is a type of weight machine that uses your own body weight to create resistance. This resistance helps you work out your thigh, quadriceps, and calf muscles.
Some of the key players operating in the knee mill market are Cincinnati Machines, Kent Industrial USA, Clausing Industrial, Willis Machinery, Hardinge, Sharp, Southwestern Industries, Precision Matthews, Baileigh Industrial, CNC Masters, Haas.
The knee mill market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Knee Mill 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 Knee Mill Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Knee Mill 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 Knee Mill 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 Knee Mill Market Size & Forecast, 2018-2028
4.5.1 Knee Mill Market Size and Y-o-Y Growth
4.5.2 Knee Mill Market Absolute $ Opportunity
Chapter 5 Global Knee Mill 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 Knee Mill Market Size Forecast by Type
5.2.1 CNC Knee Mill
5.2.2 Manual Knee Mill
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Knee Mill 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 Knee Mill Market Size Forecast by Applications
6.2.1 Job Shops
6.2.2 Aerospace
6.2.3 Energy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Knee Mill 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 Knee Mill 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 Knee Mill Analysis and Forecast
9.1 Introduction
9.2 North America Knee Mill 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 Knee Mill Market Size Forecast by Type
9.6.1 CNC Knee Mill
9.6.2 Manual Knee Mill
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 Knee Mill Market Size Forecast by Applications
9.10.1 Job Shops
9.10.2 Aerospace
9.10.3 Energy
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 Knee Mill Analysis and Forecast
10.1 Introduction
10.2 Europe Knee Mill 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 Knee Mill Market Size Forecast by Type
10.6.1 CNC Knee Mill
10.6.2 Manual Knee Mill
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 Knee Mill Market Size Forecast by Applications
10.10.1 Job Shops
10.10.2 Aerospace
10.10.3 Energy
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 Knee Mill Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Knee Mill 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 Knee Mill Market Size Forecast by Type
11.6.1 CNC Knee Mill
11.6.2 Manual Knee Mill
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 Knee Mill Market Size Forecast by Applications
11.10.1 Job Shops
11.10.2 Aerospace
11.10.3 Energy
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 Knee Mill Analysis and Forecast
12.1 Introduction
12.2 Latin America Knee Mill 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 Knee Mill Market Size Forecast by Type
12.6.1 CNC Knee Mill
12.6.2 Manual Knee Mill
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 Knee Mill Market Size Forecast by Applications
12.10.1 Job Shops
12.10.2 Aerospace
12.10.3 Energy
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) Knee Mill Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Knee Mill 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) Knee Mill Market Size Forecast by Type
13.6.1 CNC Knee Mill
13.6.2 Manual Knee Mill
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) Knee Mill Market Size Forecast by Applications
13.10.1 Job Shops
13.10.2 Aerospace
13.10.3 Energy
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 Knee Mill Market: Competitive Dashboard
14.2 Global Knee Mill Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cincinnati Machines
14.3.2 Kent Industrial USA
14.3.3 Clausing Industrial
14.3.4 Willis Machinery
14.3.5 Hardinge
14.3.6 Sharp
14.3.7 Southwestern Industries
14.3.8 Precision Matthews
14.3.9 Baileigh Industrial
14.3.10 CNC Masters
14.3.11 Haas
