Global CNC Milling Machines Market is valued approximately USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Growing demand for computer numerical control (CNC) machines has boosted the global market for milling machines due to its advanced technique and precise cutting. Manufacturers concentrate on the product’s technical evolution to make it more advanced and effective. Increased automation has led to higher demand for automated milling machines. Such computers require less human interaction and are capital intensive. Automatic milling machines are employed by manufacturers to increase the output efficiency. Demand for CNC machines has increased over the years, as they are highly powerful, competitive and allow new technologies to be implemented. Such machine advantages fueled the growth of creating producers and dealers to supply machinery. The invention of 6-axis machines has allowed the final product to be transformed by turning from both ends of the fixture, removing multiple fixtures and other machining process operation. This also eliminates the waiting time when the work piece is being moved from one unit to another and prevents queuing. In addition, milling machines may be used to perform complex tasks, such as drilling holes of different diameters and shapes or variable cutting speed and pattern.
The regional analysis of CNC Milling Machines market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific region is expected to register significant growth over the forecast period owing to the adoption of CNC milling machines by various emerging economies such as India, China and Japan. Increasing government initiatives coupled with rising awareness towards the advancement in manufacturing industries tends to drive the market share of CNC milling machines over the forecast period (2020-2026).
Major market player included in this report are:
Kingston Technology Corporation
Hurco Companies Inc.
Haas Automation Inc.
MC Machinery Systems Inc.
DMG MORI USA
Dufieux Industries S.A
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Horizontal Milling Machine
Vertical Milling Machine
Universal Milling Machine
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the CNC Milling Machines Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers