Market Overview:
The global universal milling heads 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 precision workpieces and large workpieces. The use of universal milling heads helps in achieving better accuracy and finish in machining operations, which is driving their adoption across various industries. Additionally, the growing demand for high-precision components and parts from end-use industries is also propelling the growth of this market. On the basis of type, the global universal milling heads market can be segmented into mechanical type and electrical type. The mechanical type segment dominates this market owing to its low cost as compared to electrical types and easy installation process.
Product Definition:
A universal milling head is a device that can be attached to a milling machine to allow it to perform various operations, such as cutting, drilling, and sanding. The importance of universal milling heads lies in their versatility; they can be used for a variety of tasks, which makes them an essential tool for any workshop.
Mechanical Type:
Type 1: Mechanical Type is used in applications where high precision and tight tolerance are required. It's major application includes the milling of slots & holes, drilling of relief cuts, and turning on the lathe.
The mechanical type universal milling heads market size was valued at USD 536.6 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2027.
Electrical Type:
Electrical type is the designation for a specific kind of drive system used in milling machines. There are two basic kinds of drives, namely electrical and mechanical. The electrical type can be further classified into stepper motors, servo motors or solenoids ( electromagnetic valve). While the mechanical type can be bifurcated into gear or chain systems.
Application Insights:
The large workpiece application segment accounted for the largest market share of over 60% in 2017. The large workpiece category includes heavy and bulky items, which require a high amount of force to be applied on the material during processing. Large workpieces are usually processed using gear type universal mills as they offer higher speed and better results compared to hand-held or handheld devices.
Precision milling is used for small parts or components with tight tolerances that need accurate measurement of dimensions. Precision universal mills can be customized to meet specific requirements regarding feed rate, travel speed, resolution, maximum deviation from vertical and other parameters depending upon the type of part being machined by changing some basic settings on the machine tool itself.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rapid industrialization and increasing per capita income. The availability of low-cost labor in this region has attracted many manufacturing and processing industries, which has resulted in high demand for Universal milling heads. Moreover, rising investments by governments in developing countries are anticipated to boost regional product demand over the next eight years.
The market for universal milling heads is highly fragmented due to presence of a large number of small players across various regions globally. However, some prominent players operating in this industry include HEG Limited; SGS SA; Koyo Corporation; Nidec Corporation; Mitsubishi Electric Factory Automation (MEEFA) Ltd.; Yokogawa Electric Corp.; Furukawa Machinery Co., Ltd.; and Kawasaki Robotics Inc. These companies are focusing on expanding their business operations globally through acquisitions or partnerships with other manufacturers as well as distributors.
Growth Factors:
- Increasing demand for precision machining in the automotive and aerospace industries
- Growing popularity of unmanned aerial vehicles (UAVs) or drones
- Rising demand for 3D printing technology
- Proliferation of the Internet of Things (IoT) and big data analytics
- Emergence of new materials such as composites and alloys
Scope Of The Report
Report Attributes
Report Details
Report Title
Universal Milling Heads Market Research Report
By Type
Mechanical Type, Electrical Type
By Application
Large Workpiece, Precision Workpiece
By Companies
Lazzati, Hypatia, Soraluce, Fermat, Awea, TOS Varnsdorf, Shenoy Engg, Arsenal Js, Takeda Kikai, Accutech Machinery
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Universal Milling Heads Market Report Segments:
The global Universal Milling Heads market is segmented on the basis of:
Types
Mechanical Type, Electrical Type
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
Large Workpiece, Precision Workpiece
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:
- Lazzati
- Hypatia
- Soraluce
- Fermat
- Awea
- TOS Varnsdorf
- Shenoy Engg
- Arsenal Js
- Takeda Kikai
- Accutech Machinery
Highlights of The Universal Milling Heads 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:
- Mechanical Type
- Electrical Type
- By Application:
- Large Workpiece
- Precision Workpiece
- 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 Universal Milling Heads 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?
Universal milling heads are a type of milling head that can be used on a variety of different machines. They are designed to make it easy to change the direction of the cutting action, which is helpful if you need to miter or cut multiple pieces at once.
Some of the major companies in the universal milling heads market are Lazzati, Hypatia, Soraluce, Fermat, Awea, TOS Varnsdorf, Shenoy Engg, Arsenal Js, Takeda Kikai, Accutech Machinery.
The universal milling heads 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 Universal Milling Heads 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 Universal Milling Heads Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Universal Milling Heads 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 Universal Milling Heads 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 Universal Milling Heads Market Size & Forecast, 2018-2028
4.5.1 Universal Milling Heads Market Size and Y-o-Y Growth
4.5.2 Universal Milling Heads Market Absolute $ Opportunity
Chapter 5 Global Universal Milling Heads 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 Universal Milling Heads Market Size Forecast by Type
5.2.1 Mechanical Type
5.2.2 Electrical Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Universal Milling Heads 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 Universal Milling Heads Market Size Forecast by Applications
6.2.1 Large Workpiece
6.2.2 Precision Workpiece
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Universal Milling Heads 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 Universal Milling Heads 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 Universal Milling Heads Analysis and Forecast
9.1 Introduction
9.2 North America Universal Milling Heads 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 Universal Milling Heads Market Size Forecast by Type
9.6.1 Mechanical Type
9.6.2 Electrical Type
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 Universal Milling Heads Market Size Forecast by Applications
9.10.1 Large Workpiece
9.10.2 Precision Workpiece
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 Universal Milling Heads Analysis and Forecast
10.1 Introduction
10.2 Europe Universal Milling Heads 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 Universal Milling Heads Market Size Forecast by Type
10.6.1 Mechanical Type
10.6.2 Electrical Type
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 Universal Milling Heads Market Size Forecast by Applications
10.10.1 Large Workpiece
10.10.2 Precision Workpiece
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 Universal Milling Heads Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Universal Milling Heads 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 Universal Milling Heads Market Size Forecast by Type
11.6.1 Mechanical Type
11.6.2 Electrical Type
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 Universal Milling Heads Market Size Forecast by Applications
11.10.1 Large Workpiece
11.10.2 Precision Workpiece
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 Universal Milling Heads Analysis and Forecast
12.1 Introduction
12.2 Latin America Universal Milling Heads 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 Universal Milling Heads Market Size Forecast by Type
12.6.1 Mechanical Type
12.6.2 Electrical Type
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 Universal Milling Heads Market Size Forecast by Applications
12.10.1 Large Workpiece
12.10.2 Precision Workpiece
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) Universal Milling Heads Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Universal Milling Heads 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) Universal Milling Heads Market Size Forecast by Type
13.6.1 Mechanical Type
13.6.2 Electrical Type
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) Universal Milling Heads Market Size Forecast by Applications
13.10.1 Large Workpiece
13.10.2 Precision Workpiece
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 Universal Milling Heads Market: Competitive Dashboard
14.2 Global Universal Milling Heads Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lazzati
14.3.2 Hypatia
14.3.3 Soraluce
14.3.4 Fermat
14.3.5 Awea
14.3.6 TOS Varnsdorf
14.3.7 Shenoy Engg
14.3.8 Arsenal Js
14.3.9 Takeda Kikai
14.3.10 Accutech Machinery
