The global Machining Center market was valued at US$ 10.11 billion in 2024 and is anticipated to reach US$ 15.07 billion by 2031, witnessing a CAGR of 5.85% during the forecast period 2026-2031.
North American market for Machining Center is estimated to increase from $ 2,066.83 million in 2024 to reach $ 2,944.77 million by 2031, at a CAGR of 5.29% during the forecast period of 2024 through 2031.
Asia-Pacific market for Machining Center is estimated to increase from $ 4,952.91 million in 2024 to reach $ 7,677.26 million by 2031, at a CAGR of 6.20% during the forecast period of 2024 through 2031.
The major global manufacturers of Machining Center include Makino, Okuma Corporation, Haas Automation, DMG Mori Seiki, Yamazaki Mazak, China General Technology, JTEKT Corporation, Doosan Infracore and HERMLE, etc. In 2024, the world's top three vendors accounted for approximately 25% of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Machining Center, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Machining Center.
The Machining Center market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Machining Center market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Machining Center manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Okuma Corporation
Makino
Haas Automation
DMG Mori Seiki
GROB-WERKE
Hermle AG
DN Solutions
Yamazaki Mazak
GF Machining Solutions
Shenzhen Create Century Machinery
Hyundai WIA
JTEKT Corporation
Haitian Precision
CHIRON Group SE
Fair Friend Group
Hurco Companies Inc
Neway CNC Equipment
Starrag Group
China General Technology
Jyoti CNC Automation
Qinchuan Machine Tool
SPINNER
EMAG Group
SMEC CO
INDEX-Werke
Alzmetall
RIFA Precision
FOM Industrie
Fidia S.p.A.
CB Ferrari
Segment by Type
Horizontal Machining Center
Vertical Machining Center
Double-Column Machining Center
Segment by Application
Automotive
Mechanical Engineering
Tool Manufacturing
Medical Equipment
Aerospace & Defense
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
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