Global CNC Lathes and Milling Machines Market Research Report 2022
Market Analysis and Insights: Global CNC Lathe and Milling Machines Market
Due to the COVID-19 pandemic, the global CNC Lathe and Milling Machines market size is estimated to be worth US$ 20,355.7 million in 2022 and is forecast to a readjusted size of US$ 30,114.4 million by 2028 with a CAGR of 6.75% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, CNC Milling Machine accounting for 73.94% of the CNC Lathe and Milling Machines global market in 2021, is projected to value US$ 23,088.7 million by 2028, growing at a revised 7.37% CAGR from 2022 to 2028. While Automobile segment is altered to an 2.80% CAGR throughout this forecast period.
North America CNC Lathe and Milling Machines market size was US$ 2,647.8 million in 2021, while Europe was US$ 8,419.4 million. The proportion of the North America was 14.08% in 2021, while Europe’s percentage was 44.77%, and it is predicted that Europe market share will reach 42.09% in 2028, trailing a CAGR of 5.66% through the analysis period. As for the Asia, the notable markets are Japan and China, CAGR is 5.94% and 11.31% respectively for the next 6-year period.
The global major manufacturers of CNC Lathe and Milling Machines include Yamazaki Mazak, DMG Mori Seiki, TRUMPF, Okuma Corporation, JTEKT Corporation, Makino, GROB-WERKE, Doosan Machine Tools, and Haas Automation, etc. In terms of revenue, the global three largest players hold a 26.09% market share of CNC Lathe and Milling Machines in 2021.
Global CNC Lathe and Milling Machines Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2019 to 2021, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global CNC Lathe and Milling Machines Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
Yamazaki Mazak
DMG Mori Seiki
Okuma Corporation
GROB-WERKE
Makino
Doosan Machine Tools
Haas Automation
GF Machining Solutions
JTEKT Corporation
Haitian Precision
Hermle
Chiron Group
Fair Friend Group
Hyundai WIA
Starrag Group
EMAG
Qinchuan
INDEX-Werke
Hurco
Hardinge Group
Nidec Machine Tool Corporation
TORNOS
Rifa Precision
Segment by Type
CNC Lathe Machine
CNC Milling Machine
Segment by Application
Automobile
Machinery Manufacturing
Aerospace & Defense
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Spain
Switzerland
Sweden
Poland
Russia
Rest of Europe
South America
Mexico
Brazil
Rest of South America
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