Market Overview:
The global vertical milling machine 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 vertical milling machines from various end-use industries, such as aerospace, shipbuilding, and other applications. In terms of type, the plane processing segment is expected to lead the global vertical milling machine market during the forecast period. This can be attributed to its ability to produce high-quality products with precision and accuracy.
Product Definition:
Vertical milling machine is a milling machine with its spindle perpendicular to the table. It can be used for both horizontal and vertical milling operations. The table can also swivel to the left or right for angular cuts. Vertical milling machines are often preferred because they take up less floor space, and their use results in more accurate parts than those machined on a horizontal milling machine.
Plane Processing:
Plane processing is a method of cutting or grinding, where the workpiece is held at a constant elevation and horizontal plane. Vertical milling machines are used to perform this operation. The term “plane” in this context does not mean a flat surface but rather an inclined surface with the ability to move up and down as well as from left to right.
Surface Machining:
Surface machining is a process of removing material from a workpiece by using high speed and high pressure water or air. In vertical milling machine, surface machining is used to remove material in the form of chips or dust from the workpieces. The term “vertical” means that the tooling points directly downward and also at an angle of 90 degrees with respect to the horizontal plane.
Application Insights:
The other application segment includes construction, automotive, and electronics. In 2017, the other segment dominated the global vertical milling machine market with a revenue share of over 60%. The growth can be attributed to increasing demand for high-precision components in various industries such as aerospace and defense.
Aerospace is expected to emerge as one of the fastest-growing applications owing to increased production levels of commercial aircraft. For example, in 2018 Boeing announced that it will increase its production rate for commercial aircraft by nearly 50% from 2019 to 2030. Such initiatives by major industry players are expected drive product demand over the forecast period. Moreover, rapid industrialization coupled with rising living standards has led to an increased demand for automobiles across developing countries such as China India and Brazil which is also likely drive product adoption in this region over the forecast period (see table below).
Regional Analysis:
Asia Pacific dominated the global vertical milling machine market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which makes it an attractive regional market for new players. China is one of the largest markets for these machines owing to low labor costs and high production volumes. In addition, India offers tremendous growth opportunities due to increasing demand from various end-use industries such as automotive, electronics & electrical, etc.
North America accounted for a significant share in terms of revenue in 2017 on account of growing shipbuilding activities across U.S., Canada, and Mexico coupled with favorable government regulations regarding tax benefits related to manufacturing equipment within North America region are anticipated to boost industry growth over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for Vertical Milling Machine from the automotive and aerospace industries due to the rising need for precision machining.
- Growing popularity of 3D printing and CNC technology, which is boosting the demand for Vertical Milling Machine in small-scale businesses.
- Rising investments by governments in infrastructure development projects, which is leading to an increase in demand for Vertical Milling Machine from construction companies.
- Rapid growth of the manufacturing sector in developing countries, such as China and India, which is resulting in an increase in demand for Vertical Milling Machine from these regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Milling Machine Market Research Report
By Type
Plane Processing, Surface Machining
By Application
Aerospace, Shipbuilding, Other
By Companies
600 Group(UK), Allied High Tech Products inc.(US), Amada Machine Tools(Japan), ANG International(US), Atrump Machinery(US), AWEA(Italy), Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd.(China), Benign Enterprise Co.Ltd.(Taiwan), BIEMMEPI SISTEMI(Italy), Bost Machine Tools Company S.L.U(Swizerland)
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Milling Machine Market Report Segments:
The global Vertical Milling Machine market is segmented on the basis of:
Types
Plane Processing, Surface Machining
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
Aerospace, Shipbuilding, Other
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:
- 600 Group(UK)
- Allied High Tech Products inc.(US)
- Amada Machine Tools(Japan)
- ANG International(US)
- Atrump Machinery(US)
- AWEA(Italy)
- Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd.(China)
- Benign Enterprise Co.Ltd.(Taiwan)
- BIEMMEPI SISTEMI(Italy)
- Bost Machine Tools Company S.L.U(Swizerland)
Highlights of The Vertical Milling Machine 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:
- Plane Processing
- Surface Machining
- By Application:
- Aerospace
- Shipbuilding
- Other
- 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 Milling Machine 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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- Product & Brand Management
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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 milling machine is a type of CNC machining center that uses a rotary table to create parts from a block of material. The part is cut by moving the workpiece across the cutting surface at very high speed, which allows for precise and accurate cuts.
Some of the key players operating in the vertical milling machine market are 600 Group(UK), Allied High Tech Products inc.(US), Amada Machine Tools(Japan), ANG International(US), Atrump Machinery(US), AWEA(Italy), Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd.(China), Benign Enterprise Co.Ltd.(Taiwan), BIEMMEPI SISTEMI(Italy), Bost Machine Tools Company S.L.U(Swizerland).
The vertical milling machine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vertical Milling Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vertical Milling Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vertical Milling Machine Market - Supply Chain
4.5. Global Vertical Milling Machine Market Forecast
4.5.1. Vertical Milling Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vertical Milling Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vertical Milling Machine Market Absolute $ Opportunity
5. Global Vertical Milling Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vertical Milling Machine Market Size and Volume Forecast by Type
5.3.1. Plane Processing
5.3.2. Surface Machining
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vertical Milling Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vertical Milling Machine Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Shipbuilding
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vertical Milling Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vertical Milling Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vertical Milling Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vertical Milling Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vertical Milling Machine Demand Share Forecast, 2019-2029
9. North America Vertical Milling Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vertical Milling Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vertical Milling Machine Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Shipbuilding
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vertical Milling Machine Market Size and Volume Forecast by Type
9.7.1. Plane Processing
9.7.2. Surface Machining
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vertical Milling Machine Demand Share Forecast, 2019-2029
10. Latin America Vertical Milling Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vertical Milling Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vertical Milling Machine Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Shipbuilding
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vertical Milling Machine Market Size and Volume Forecast by Type
10.7.1. Plane Processing
10.7.2. Surface Machining
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vertical Milling Machine Demand Share Forecast, 2019-2029
11. Europe Vertical Milling Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vertical Milling Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vertical Milling Machine Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Shipbuilding
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vertical Milling Machine Market Size and Volume Forecast by Type
11.7.1. Plane Processing
11.7.2. Surface Machining
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vertical Milling Machine Demand Share, 2019-2029
12. Asia Pacific Vertical Milling Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vertical Milling Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vertical Milling Machine Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Shipbuilding
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vertical Milling Machine Market Size and Volume Forecast by Type
12.7.1. Plane Processing
12.7.2. Surface Machining
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vertical Milling Machine Demand Share, 2019-2029
13. Middle East & Africa Vertical Milling Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vertical Milling Machine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vertical Milling Machine Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Shipbuilding
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vertical Milling Machine Market Size and Volume Forecast by Type
13.7.1. Plane Processing
13.7.2. Surface Machining
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vertical Milling Machine Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Vertical Milling Machine Market: Market Share Analysis
14.2. Vertical Milling Machine Distributors and Customers
14.3. Vertical Milling Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 600 Group(UK)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Allied High Tech Products inc.(US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Amada Machine Tools(Japan)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ANG International(US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Atrump Machinery(US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AWEA(Italy)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd.(China)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Benign Enterprise Co.Ltd.(Taiwan)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BIEMMEPI SISTEMI(Italy)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bost Machine Tools Company S.L.U(Swizerland)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
