5-axis Cnc Machining Centers Market 2024-2028
The 5-axis cnc machining centers market is forecasted to grow by USD 792.5 mn during 2023-2028, accelerating at a CAGR of 6.09% during the forecast period. The report on the 5-axis cnc 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 self-optimized machine cutting, amplified requirement for multi-disciplinary machines, and rise in need for technologically advanced 5-axis CNC machines.
Technavio's 5-axis cnc machining centers market is segmented as below:
- By End-user
- Automotive
- Aerospace
- Metal fabrication
- Others
- By Product
- Vertical 5-axis CNC machining centers
- Horizontal 5-axis CNC machining centers
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the reduction of changeover time for 5-axis CNC machines as one of the prime reasons driving the 5-axis cnc machining centers market growth during the next few years. Also, adoption of cloud-based CNC systems and development in controllers of 5-axis CNC machines will lead to sizable demand in the market.
The report on the 5-axis cnc machining centers market covers the following areas:
- 5-axis cnc machining centers market sizing
- 5-axis cnc machining centers market forecast
- 5-axis cnc 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 5-axis cnc machining centers market vendors that include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp.. Also, the 5-axis cnc 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 primary and secondary research. 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 accurate market growth.