Milling Machine Market Report and Forecast 2025-2034

The global milling machine market attained a value of USD 84.26 Billion in 2024. The milling machine market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 7.20% to reach USD 168.88 Billion by 2034. The Asia Pacific is the fastest-growing market for the product.

Milling Machine Industry Segmentation

Milling machines are versatile and, therefore, can perform many tasks, including the manufacturing of fillet, turning, chamfering, boiling, facing, cutting, and cutting of slots. Such devices could also be used for the simultaneous installation of several cutters in several cuts.

On the basis of mechanism, the milling machine market can be divided into:

• Fraction Rice Milling Machine
• Grind Rice Milling Machine

Based on the direction, the milling machine market can be divided into:

• Vertical Type Mill Rollers
• Horizontal Mill Rollers

The milling machine market can be broadly categorised based on its end-use segments into:

• Automotive
• Aerospace and Defence
• Construction Equipment
• Power and Energy
• Industrial
• Others

Looks into the regional milling machine markets like:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Milling Machine Market Analysis

A significant factor in the increase of the demand for milling machines is the rising demand for high-quality products. Due to its advanced technology and precise cutting, the increasing demand for computer numerical control (CNC) machines has increased the global milling machine market. Three types of milling machines available in the market are manual, semi-automatic, and automatic. Manufacturers rely on technical developments to make the product more advanced and successful. The increased demand for automated frying machines has led to an increase in automation. Such computers are capital-intensive and require fewer people. Automatic milling machines are used by manufacturers to increase production efficiency. The demand for CNC machines has grown over the years, as they are highly effective, competitive, and enable new technologies to be implemented. Such system advantages are also driving the development in the establishment of machinery manufacturers and distributors. These factors are expected to encourage the milling machine market further.

Competitive Landscape of Milling Machine Industry

The report presents a detailed analysis of the following key players in the global milling machine market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Amada Holdings Co., Ltd.
• Amera Seiki
• Datron Dynamics, Inc.
• Dmg Mori Co Ltd
• Haas Automation, Inc.
• Fanuc Corporation
• Okuma Corporation
• Shenyang Machine Tool Co., Ltd.
• Hurco Companies, Inc. (NASDAQ: HURC)
• Dalian Machine Tool Group (Dmtg) Corporation
• Yamazaki Mazak Corporation
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Show more