Market Overview:
The global vertical turning and grinding centers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high-precision components in various industries, such as automotive, aerospace & defense, and medical devices. In addition, the growing demand for lightweight components is also fueling the growth of this market. Based on type, the global vertical turning and grinding centers market can be segmented into two categories: turning instead of grinding type and combined with turning and grinding type. The combined with turning and grinding type segment is expected to grow at a higher CAGR during the forecast period from 2018 to 2030 owing to its ability to produce high-precision components in a single setup. Based on application, the global vertical turning and grinding centers market can be divided into three segments: manufacturer, mechanical workshop, and others (including research institutes & laboratories). The manufacturer segment is estimated to account for majority share of this market in 2018 owing to increased adoption of these machines by original equipment manufacturers (OEMs) across different industrial sectors.
Product Definition:
Vertical turning and grinding centers are used to machine parts that are too large or too heavy to be machined on a horizontal milling machine or lathe. Parts that are machined on a vertical turning and grinding center tend to be more accurate than parts machined on a horizontal milling machine or lathe, because the workpiece is supported by three points (the two contact points of the tool bit and the workpiece, plus the point where the tool bit intersects the workpiece) rather than just two points.
Turning Instead of Grinding Type:
The turning instead of grinding type is used to reduce the size or change the shape of a part. It's done by using a lathe, which is an instrument that can turn on a lathe axis and produce two rotating surfaces. The workpiece being turned is mounted on the spindle and as it's spun around, it receives cuts parallel to its length. These cuts form alternate angles with respect to the original piece, producing two pieces out of one item.
Combined with Turning and Grinding Type:
The turning and grinding type is used in the vertical turning and grinding centers. The machine consists of fixed or rotating spindle, which is mounted on a shaft. It has multiple cutting tools mounted on it, through which feed material can be passed for performing several operations such as cutting, facing, gear cutting or face milling etc.
Application Insights:
The mechanical workshop segment dominated the global vertical turning and grinding centers market in 2017. This can be attributed to the rising demand for various machine tools, which are used for manufacturing different industrial machinery components. The others application segment includes metalworking facilities that offer a variety of services including bar, drop-forged, cold-forming and rolling mills among others.
Global vertical turning.
The manufacturer segment is expected to witness significant growth over the forecast period owing to increasing product adoption across several industries worldwide. The manufacturers use these machines as an integral part of their production process; they make use of it as a crucial component in order to improve their overall efficiency leading to increased productivity levels at lower costs over traditional methods employed before these systems were introduced globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for vertical turning and grinding centers over the forecast period. The growth can be attributed to increasing demand from end-users such as manufacturers, mechanical workshops, and others in countries such as China, India, Japan, South Korea.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high product adoption by manufacturers operating in various industries including automotive; aerospace & defense; consumer goods; electronics & electrical equipment; construction materials among others. Increasing production activities coupled with rising investments on modernization of manufacturing facilities are projected to fuel regional market growth over the forecast period.
Growth Factors:
- Increasing demand for high precision and low cost components in automotive and aerospace industries.
- Growing demand for lightweight and fuel-efficient vehicles due to rising fuel prices.
- Rising demand from medical device manufacturers for high precision components with tight tolerances.
- Increasing use of vertical turning and grinding centers in the manufacture of small parts and components for electronics industry 5 Increased adoption of automation in manufacturing processes to improve throughput, quality, and consistency
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Turning and Grinding Centers Market Research Report
By Type
Turning Instead of Grinding Type, Combined with Turning and Grinding Type
By Application
Manufacturer, Mechanical Workshop, Others
By Companies
Index, EMAG, Toshulin, Strojimport, Neway, Biglia spa, FPT Industrie, Haas Automation, EMCO, Mazak, Shenyang Machine Tool, OKUMA, DMG MORI, Hardinge, Hwacheon, Tsugami
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Turning and Grinding Centers Market Report Segments:
The global Vertical Turning and Grinding Centers market is segmented on the basis of:
Types
Turning Instead of Grinding Type, Combined with Turning and Grinding 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
Manufacturer, Mechanical Workshop, 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:
- Index
- EMAG
- Toshulin
- Strojimport
- Neway
- Biglia spa
- FPT Industrie
- Haas Automation
- EMCO
- Mazak
- Shenyang Machine Tool
- OKUMA
- DMG MORI
- Hardinge
- Hwacheon
- Tsugami
Highlights of The Vertical Turning and Grinding 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:
- Turning Instead of Grinding Type
- Combined with Turning and Grinding Type
- By Application:
- Manufacturer
- Mechanical Workshop
- 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 Vertical Turning and Grinding 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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- Correctly Positioning New Products
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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?
Vertical turning and grinding centers are machines that use a rotating spindle to create parts from a solid block of material. The machine uses a series of cutting tools to remove material, which is then turned by the spindle. This process creates parts with precise shapes and dimensions.
Some of the major companies in the vertical turning and grinding centers market are Index, EMAG, Toshulin, Strojimport, Neway, Biglia spa, FPT Industrie, Haas Automation, EMCO, Mazak, Shenyang Machine Tool, OKUMA, DMG MORI, Hardinge, Hwacheon, Tsugami.
The vertical turning and grinding 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 Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Turning and Grinding 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 Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size & Forecast, 2018-2028
4.5.1 Vertical Turning and Grinding Centers Market Size and Y-o-Y Growth
4.5.2 Vertical Turning and Grinding Centers Market Absolute $ Opportunity
Chapter 5 Global Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Type
5.2.1 Turning Instead of Grinding Type
5.2.2 Combined with Turning and Grinding Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Applications
6.2.1 Manufacturer
6.2.2 Mechanical Workshop
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Turning and Grinding 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 Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Analysis and Forecast
9.1 Introduction
9.2 North America Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Type
9.6.1 Turning Instead of Grinding Type
9.6.2 Combined with Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Applications
9.10.1 Manufacturer
9.10.2 Mechanical Workshop
9.10.3 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 Vertical Turning and Grinding Centers Analysis and Forecast
10.1 Introduction
10.2 Europe Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Type
10.6.1 Turning Instead of Grinding Type
10.6.2 Combined with Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Applications
10.10.1 Manufacturer
10.10.2 Mechanical Workshop
10.10.3 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 Vertical Turning and Grinding Centers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Type
11.6.1 Turning Instead of Grinding Type
11.6.2 Combined with Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Applications
11.10.1 Manufacturer
11.10.2 Mechanical Workshop
11.10.3 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 Vertical Turning and Grinding Centers Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertical Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Type
12.6.1 Turning Instead of Grinding Type
12.6.2 Combined with Turning and Grinding 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 Vertical Turning and Grinding Centers Market Size Forecast by Applications
12.10.1 Manufacturer
12.10.2 Mechanical Workshop
12.10.3 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) Vertical Turning and Grinding Centers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertical Turning and Grinding 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) Vertical Turning and Grinding Centers Market Size Forecast by Type
13.6.1 Turning Instead of Grinding Type
13.6.2 Combined with Turning and Grinding 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) Vertical Turning and Grinding Centers Market Size Forecast by Applications
13.10.1 Manufacturer
13.10.2 Mechanical Workshop
13.10.3 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 Vertical Turning and Grinding Centers Market: Competitive Dashboard
14.2 Global Vertical Turning and Grinding Centers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Index
14.3.2 EMAG
14.3.3 Toshulin
14.3.4 Strojimport
14.3.5 Neway
14.3.6 Biglia spa
14.3.7 FPT Industrie
14.3.8 Haas Automation
14.3.9 EMCO
14.3.10 Mazak
14.3.11 Shenyang Machine Tool
14.3.12 OKUMA
14.3.13 DMG MORI
14.3.14 Hardinge
14.3.15 Hwacheon
14.3.16 Tsugami
