Global 5-Axis CNC Machining Centers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Numerical control (NC) is the automated control of machining tools (drills, boring tools, lathes) by means of a computer. An NC machine alters a blank piece of material (metal, plastic, wood, ceramic, or composite) to meet precise specifications by following programmed instructions and without a manual operator. We consider only 5-axis CNC machining centers in this report.
Market Overview:The latest research study on the global 5-Axis CNC Machining Centers market finds that the global 5-Axis CNC Machining Centers market reached a value of USD 2534.53 million in 2022. It’s expected that the market will achieve USD 3497.57 million by 2028, exhibiting a CAGR of 5.51% during the forecast period.
OpportunitiesImprove performance
With the progress in science and technology, more advanced production methods, and investment of companies, there will be more cost-effective, high-performance products in the future. The latest trend gaining momentum in the market is cloud-based CNC systems. The evolution of Industry 4.0 and IoT have given rise to the demand for cloud-based computing to manage huge amounts of data in a cost-effective manner. Therefore, it is expected that CNCs, being essential machine tool devices, will incorporate cloud-based systems.
Emerging countries
For example, China, and India are developing their industries, with the progress of economy and technology, also due to the increasing demand for 5-Axis CNC Machining Centers, the market of 5-Axis CNC Machining Centers has great market potential.
Region Overview:In 2022, the share of the 5-Axis CNC Machining Centers market in Europe stood at 27.93%.
Company Overview:HELLER is one of the major players operating in the 5-Axis CNC Machining Centers market, holding a share of 12.2% in 2023.
HELLER
Gebr. Heller Maschinenfabrik GmbH is a German manufacturer of milling machines, manufacturing systems and crankshaft and camshaft machines. The company’s headquarters is located in Nürtingen in the Stuttgart region of South Germany. The company’s customers come from a variety of industries including automotive manufacturers and their suppliers, machine building industry, contract manufacturers, power engineering, tool and die manufacturing as well as aerospace companies.
GROB
From Bavaria into the wider world: As a global, family-managed company, we have been developing manufacturing systems and machine tools since being established in Munich in 1926 and are still on a growth course.
Segmentation Overview:As for product types, the Vertical Machining Centers segment held the largest market share in 2022.
Vertical Machining Centers
Vertical machining centers have its spindle axis vertically oriented. Its milling cutters are held in the spindle and it rotates on its axis.
Horizontal Machining Centers
Horizontal machining centers have x – y table with cutter mounted on a horizontal arbor across the table.
Application Overview:By application, the Aerospace segment occupied the biggest share from 2018 to 2022.
Key Companies in the global 5-Axis CNC Machining Centers market covered in Chapter 3:DMG MORI
CMS
GROB
Mitsubishi
Makino
Yamazaki Mazak
Hurco
Jyoti CNC Automation
HELLER
Haas Automation
Okuma
Shenyang Machine Tools
In Chapter 4 and Chapter 14.2, on the basis of types, the 5-Axis CNC Machining Centers market from 2018 to 2029 is primarily split into:Vertical Machining Centers
Horizontal Machining Centers
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the 5-Axis CNC Machining Centers market from 2018 to 2029 covers:Aerospace
Automotive
Petroleum
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)