Global 5-axis CNC Machine Tool Market Growth 2023-2029

Global 5-axis CNC Machine Tool Market Growth 2023-2029

A 5-axis CNC Machine (also known as 5-axis Machining Center) is a precision CNC machine tool that uses a wide range of cutting tools to remove materials from a workpiece. It does so along five different directional axes, either by positioning the piece or by simultaneously cutting it along these axes, until the desired shape is achieved.

For a more specific representation, an example of a 1-axis machine would be a radial drilling machine, with up and down motion (Z axis). Following that same logic, a 3-axis CNC Machine can move up and down (Z axis), right to left (X axis), as well as forwards and backwards (Y axis).

A 5-axis CNC machine has two extra rotary axes which opens the door to an infinite number of machining possibilities. The types of rotary axis include rotary axes A, B and C which rotates around the X-axis, Y-axis, and Z-axis respectively. While these are three extra axes and not two, they’re still considered 5 axes in total. The combination of the additional axes is machine dependent and can come in any combinations of AB, AC or BC.

LPI (LP Information)' newest research report, the “5-axis CNC Machine Tool Industry Forecast” looks at past sales and reviews total world 5-axis CNC Machine Tool sales in 2022, providing a comprehensive analysis by region and market sector of projected 5-axis CNC Machine Tool sales for 2023 through 2029. With 5-axis CNC Machine Tool sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 5-axis CNC Machine Tool industry.

This Insight Report provides a comprehensive analysis of the global 5-axis CNC Machine Tool landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on 5-axis CNC Machine Tool portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global 5-axis CNC Machine Tool market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 5-axis CNC Machine Tool and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 5-axis CNC Machine Tool.

The global 5-axis CNC Machine Tool market size is projected to grow from US$ 7312.8 million in 2022 to US$ 9498.9 million in 2029; it is expected to grow at a CAGR of 9498.9 from 2023 to 2029.

Global key players of 5-axis CNC machine tool include DMG Mori Seiki, Yamazaki Mazak, etc. Global top 2 companies hold a share about430%. Europe is the largest market, with a share about 40%, followed by Asia Pacific and North America with the share about 30% and 23%. In terms of product, vertical type is the largest segment, with a share about 74%. And in terms of application, the largest application is aerospace, with a share about 43%.

This report presents a comprehensive overview, market shares, and growth opportunities of 5-axis CNC Machine Tool market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Vertical
Horizontal

Segmentation by application
Aerospace
Military Industry
Shipbuilding Industry
Automotive Industry
Rail Transit
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DMG Mori
Yamazaki Mazak Corporation
HERMLE
Grob-Werke
Doosan Machine Tools
JTEKT Toyoda Americas Corporation
Hurco Companies
KEN ICHI MACHINE CO., LTD
Hwacheon Asia Pacific
Haas Automation
Matsuura Machinery Ltd
Okuma America Corporation
Vision Wide Tech
Dalian Kede
Huaya Machine
Shenyang Zhongjie

Key Questions Addressed in this Report

What is the 10-year outlook for the global 5-axis CNC Machine Tool market?

What factors are driving 5-axis CNC Machine Tool market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do 5-axis CNC Machine Tool market opportunities vary by end market size?

How does 5-axis CNC Machine Tool break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.