Market Overview:
The global milling-turning centers 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 milling-turning centers from the automotive and machine shop industries. In addition, the growing demand for high-precision machining is also contributing to the growth of this market. The global milling-turning centers market can be segmented on the basis of type into vertical and horizontal mills. The vertical mills are expected to dominate this market during the forecast period owing to their ability to handle larger workpieces as compared with horizontal mills. On the basis of application, this market can be segmented into manufacturers, machine shops, and automotive companies.
Product Definition:
Milling-turning centers are machines that can do both milling and turning operations. They are important because they allow a single machine to do the work of two separate machines, which saves time and money.
Vertical:
Vertical milling-turning centers are used to cut the workpiece in two or more parts with the help of a rotating spindle. The machine consists of vertical mechanism and horizontal mechanism that is used to separate different components by performingrotation on them. It also provides an ability to perform multiple cuts at one time, which increases production capacity significantly. Vertical mills are mainly utilized for producing smaller pieces that require high accuracy and precision machining such as gears, shafts, etc.
Horizontal:
Horizontal is the most used tool in milling-turning centers. It's a simple machine that consists of horizontal axis and vertical spindle. The workpiece is mounted on the horizontal axis which can be moved in any direction by changing its position on the vertical spindle. There are two types of horizontal machines, fixed and moving head.
Application Insights:
The global market has been segmented into manufacturers, machine shops, automotive and transportation, food processing and packaging, metalworking industries including aerospace and defense among other verticals. The manufacturers application segment dominated the overall industry in 2017 with a revenue share of over 60%. This is attributed to the high adoption of these machines for manufacturing various components such as gears boxes ornaments for automobiles.
The need to replace worn-out equipment at an industrial scale has resulted in a significant increase in demand from manufacturing sectors across the globe. The growth of this sector can be attributed to factors such as increasing production levels coupled with rapid urbanization which have created a substantial requirement for heavy machinery used in construction activities such as earthmoving & mining trucks among others.  In developing economies like India or China where labor costs are relatively low compared to developed countries like U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in demand for milling machines on account of rapid industrialization, especially in China and India. In addition, rising foreign investments coupled with supportive government policies are anticipated to drive the regional market further. For instance, In January 2016, Sinovel Group Co., Ltd., a Chinese manufacturer of electric motors and generators entered into an agreement with General Electric Company for GE to manufacture gearboxes for commercial vehicles at Sinovel's factory in Pune, Maharashtra state of India.
North America accounted for over 15% share of global revenue in 2017 owing to growing demand from end-use industries such as aerospace & defense (AD), automotive & transportation (MT) and others such as marine machinery manufacturing companies along with U.S.
Growth Factors:
- Increasing demand for high-precision machining: The need for high precision in machining parts and components is driving the demand for milling-turning centers. These machines offer better accuracy and finish, which is essential in many industries such as aerospace, automotive, and medical.
- Rising popularity of 3D printing: The growing popularity of 3D printing is also contributing to the growth of the milling-turning centers market. These machines are being increasingly used to create prototypes and finished products using three-dimensional data files.
- Growing demand from small businesses: Small businesses are increasingly investing in milling-turning centers to improve their production efficiency and competitiveness. This is because these machines can handle a variety of tasks such as turning, drilling, boring, and milling with ease.
- Advances in technology: The development of new technologies such as five-axis machining has helped boost the growth of the milling-turning centers market by making these machines more versatile and efficient than ever before . 5) Increased use of automation: Automation is playing an important role in the growth of this market by helping manufacturers reduce costs while improving quality and throughput
Scope Of The Report
Report Attributes
Report Details
Report Title
Milling-Turning Centers Market Research Report
By Type
Vertical, Horizontal
By Application
Manufacturers, Machine Shop, Automotive, Others
By Companies
Doosan, Haas Automation, Inc, Hurco, Okuma, Hardinge Group, Intelitek, Milltronics USA, Mazak, EMAG GmbH & Co. KG, ToYoda, Doosan
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Milling-Turning Centers Market Report Segments:
The global Milling-Turning Centers market is segmented on the basis of:
Types
Vertical, Horizontal
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
Manufacturers, Machine Shop, Automotive, 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:
- Doosan
- Haas Automation, Inc
- Hurco
- Okuma
- Hardinge Group
- Intelitek
- Milltronics USA
- Mazak
- EMAG GmbH & Co. KG
- ToYoda
- Doosan
Highlights of The Milling-Turning 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
- Horizontal
- By Application:
- Manufacturers
- Machine Shop
- Automotive
- 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 Milling-Turning 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.
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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?
Milling-turning centers are machines that use a rotating milling cutter to produce parts from a block of material. The machine uses a series of rotations to cut the material into small pieces, which are then fed into the turning lathe for further processing.
Some of the major companies in the milling-turning centers market are Doosan, Haas Automation, Inc, Hurco, Okuma, Hardinge Group, Intelitek, Milltronics USA, Mazak, EMAG GmbH & Co. KG, ToYoda, Doosan.
The milling-turning centers 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 Milling-Turning 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 Milling-Turning Centers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Milling-Turning 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 Milling-Turning 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 Milling-Turning Centers Market Size & Forecast, 2018-2028
4.5.1 Milling-Turning Centers Market Size and Y-o-Y Growth
4.5.2 Milling-Turning Centers Market Absolute $ Opportunity
Chapter 5 Global Milling-Turning Centers 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 Milling-Turning Centers Market Size Forecast by Type
5.2.1 Vertical
5.2.2 Horizontal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Milling-Turning Centers 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 Milling-Turning Centers Market Size Forecast by Applications
6.2.1 Manufacturers
6.2.2 Machine Shop
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Milling-Turning 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 Milling-Turning 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 Milling-Turning Centers Analysis and Forecast
9.1 Introduction
9.2 North America Milling-Turning Centers 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 Milling-Turning Centers Market Size Forecast by Type
9.6.1 Vertical
9.6.2 Horizontal
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 Milling-Turning Centers Market Size Forecast by Applications
9.10.1 Manufacturers
9.10.2 Machine Shop
9.10.3 Automotive
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 Milling-Turning Centers Analysis and Forecast
10.1 Introduction
10.2 Europe Milling-Turning Centers 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 Milling-Turning Centers Market Size Forecast by Type
10.6.1 Vertical
10.6.2 Horizontal
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 Milling-Turning Centers Market Size Forecast by Applications
10.10.1 Manufacturers
10.10.2 Machine Shop
10.10.3 Automotive
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 Milling-Turning Centers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Milling-Turning Centers 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 Milling-Turning Centers Market Size Forecast by Type
11.6.1 Vertical
11.6.2 Horizontal
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 Milling-Turning Centers Market Size Forecast by Applications
11.10.1 Manufacturers
11.10.2 Machine Shop
11.10.3 Automotive
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 Milling-Turning Centers Analysis and Forecast
12.1 Introduction
12.2 Latin America Milling-Turning Centers 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 Milling-Turning Centers Market Size Forecast by Type
12.6.1 Vertical
12.6.2 Horizontal
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 Milling-Turning Centers Market Size Forecast by Applications
12.10.1 Manufacturers
12.10.2 Machine Shop
12.10.3 Automotive
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) Milling-Turning Centers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Milling-Turning Centers 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) Milling-Turning Centers Market Size Forecast by Type
13.6.1 Vertical
13.6.2 Horizontal
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) Milling-Turning Centers Market Size Forecast by Applications
13.10.1 Manufacturers
13.10.2 Machine Shop
13.10.3 Automotive
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 Milling-Turning Centers Market: Competitive Dashboard
14.2 Global Milling-Turning Centers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Doosan
14.3.2 Haas Automation, Inc
14.3.3 Hurco
14.3.4 Okuma
14.3.5 Hardinge Group
14.3.6 Intelitek
14.3.7 Milltronics USA
14.3.8 Mazak
14.3.9 EMAG GmbH & Co. KG
14.3.10 ToYoda
14.3.11 Doosan
