Global CNC Vertical Machining Centers Market 2024-2028
The CNC vertical machining centers market is forecasted to grow by USD 1.26 bn during 2023-2028, accelerating at a CAGR of 5.7% during the forecast period. The report on the CNC vertical machining centers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for CNC-incorporated machine tools, rising demand for metal fabricated products, and the development of advanced manufacturing processes in the industrial machinery sector.
Technavio's CNC vertical machining centers market is segmented as below:
By Product
- Less than 5-axis
- 5-axis or more
By End-user
- Automotive
- Aerospace
- Metal fabrication
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the emergence of autonomous and electric cars as one of the prime reasons driving the CNC vertical machining centers' market growth during the next few years. Also, the growing focus on additive manufacturing and six-axis CNC machines redefining machining operations will lead to sizable demand in the market.
The report on the CNC vertical machining centers market covers the following areas:
- CNC vertical machining centers market sizing
- CNC vertical machining centers market forecast
- CNC vertical machining centers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading CNC vertical machining centers market vendors that include Bharat Fritz Werner Ltd., Chiron Group SE, DMG MORI Co. Ltd., DN Solutions Co. Ltd., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, Haas Automation Inc., Hurco Companies Inc., Jyoti CNC Automation Ltd., Komatsu Ltd., Makino Milling Machine Co. Ltd., Maschinenfabrik Berthold Hermle AG, Maxmill Machinery Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Shandong Luzhong Machine Tool Co. Ltd., Shenyang Yiji Machine Tool Sales Co. Ltd., and Yamazaki Mazak Corp.. Also, the CNC vertical machining centers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.