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Milling Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jan 01, 2025
Length 120 Pages
SKU # FOB19847011

Description

Growth Factors of the Milling Machine Market

The Milling Machine market size was valued at USD 13.22 billion in 2018, and the market is now projected tgrow from USD 13.22 billion in 2018 tUSD 18.88 billion by 2032, exhibiting a CAGR of 2.4% during the forecast period of 2019-2032.

The COVID-19 pandemic had a substantial impact on the Milling Machine market growth due tdisruptions in global supply chains, halted manufacturing sports, and decreased demand throughout key cease-person industries, which include car, aerospace, and production. Many milling machine manufacturers confronted challenges in manufacturing and shipping due tlockdowns and restrictions on motion, leading tdelays in venture timelines. However, as industries started timprove and adopt automation and digital manufacturing technologies tcope with labour shortages, the marketplace experienced a sluggish rebound. Additionally, the rising demand for precision engineering and increased investments in infrastructure initiatives post-pandemic are expected tpressure the marketplace's growth over the forecast duration.

Milling machines produce customised merchandise in bulk amounts. The Milling Machine market share is seeking out merchandise with differentiation and cutting-edge updates in the hardware and era. This has ended in a multiplied and non-stop manufacturing method for diverse industries, including electronics, automobiles, preferred manufacturing, and son. Furthermore, agencies are seeking tseize every possibility thave accelerated market share; hence, they're seeking out non-stop improvement of their production facility for increased output. Moreover, the related enterprise, enterprise 4.0, automation, and robotics emphasise the organisations thave an automated production process, resulting in the call for milling machines.

Additionally, the call for easy-to-install and multi-features supplied via the machines might alspropel the marketplace demand. Moreover, the primary utility of milling machines in business manufacturing is that they offer special features whilst required for multiple purposes.

Comprehensive Analysis of the Milling Machine Market

The milling machine marketplace is segmented via type intvertical generators, horizontal generators, and others. Vertical turbines are expected tgrow fairly due ttheir multifunctionality, quick installation, excessive strength performance, and superior performance, while horizontal turbines, regarded for their delicate surface finishes and prolonged tool lifestyles, are commonly used in precision engineering and automobile industries. Compact designs like multi-axis and gantry generators cater tsmall and medium-scale industries, contributing tthe ""others"" class. By application, precision engineering is projected twitness a vast boom pushed via the versatile use of milling machines and rising demand for consumer goods and tools in emerging economies. The automobile zone is predicted tdevelop steadily regardless of industry adjustments, while transport and popular equipment segments display a slower increase because of strong but confined calls. Other applications, which include electric equipment, production equipment, and power, play a minor but supportive function in the market's enlargement


  • Europe dominated the milling gadget market with a market percentage of 30.03 % in 2018. The area is focused on growing strength-green milling machines and a technologically geared-up product line.

    The milling device market functions key gamers inclusive of DATRON Dynamics, Inc. (Milford, New Hampshire), Haas Automation, Inc. (Oxnard, California), YAMAZAKI MAZAK CORPORATION (Aichi, Japan), Amera-Seiki (Houston, Texas), FANUC CORPORATION (Yamanashi, Japan), ANDERSON EUROPE GMBH (Detmold, Germany), HurcCompanies, Inc. (Indianapolis, Indiana), and Okuma Corporation (Aichi, Japan). These companies, founded across numerous regions, play extensive roles in riding innovation and assembly industry needs internationally.

    In January 2018, UNHInnovation brought Datron’s milling gadget tits UNH ECenter. The device is mounted tmill wooden, foam, acrylic, and metallic. This will allow the faculties and students tbuild an actual running prototype. UNH ECenter is a pupil-run organisation located in Durham, NH.

    Segmentation Table

    Global Milling Machine Market Scope

    Study Period 2015-2026

    Base Year 2018

    Forecast Period 2019-2026

    Growth Rate CAGR of 2.4% from 2024-2032

    Historical Period 2015-2017

    Unit Value (USD Billion)

    Segmentation By Type, application, and Region

    By Type
    • Vertical Mills
    • Horizontal Mills
    • Others (Gantry mills, etc.)
    By application
    • Automotive
    • General Machinery
    • Precision engineering
    • Transport Machinery
    • Others (Electrical, etc.)
    By Region
    • North America (U.S. and Canada)
    • Europe (Germany, Russia, Italy, and the Rest of Europe)
    • Asia Pacific (China, Japan, India, South Korea, South East Asia and the Rest of Asia Pacific)
    • Middle East & Africa (GCC, South Africa, and the Rest of the Middle East & Africa)
    • Latin America (Brazil, Mexico, and the Rest of Latin America)


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    • Table of Contents

    120 Pages
    1. Introduction
    1.1. Definition, By Segment
    1.2. Research Approach
    1.3. Sources
    2. Executive Summary
    3. Market Dynamics
    3.1. Drivers, Restraints and Opportunities
    3.2. Emerging Trends
    4. Key Insights
    4.1. Macro and Micro Economic Indicators
    4.2. Consolidated SWOT Analysis of Key Players
    4.3. Porter’s Five Force Analysis
    5. Global Milling machine Market Analysis, Insights and Forecast, 2015-2026
    5.1. Key Findings / Summary
    5.2. Market Sizing Estimations and Forecasts – By Type (Value)
    5.2.1. Vertical Mills
    5.2.2. Horizontal Mills
    5.2.3. Others (Gantry mills, etc.)
    5.3. Market Sizing Estimations and Forecasts – By Application (Value)
    5.3.1. Automotive
    5.3.2. General Machinery
    5.3.3. Precision engineering
    5.3.4. Transport Machinery
    5.3.5. Others (Electrical, etc.)
    5.4. Market Analysis, Insights and Forecast – By Region (Value)
    5.4.1. North America
    5.4.2. Europe
    5.4.3. Asia Pacific
    5.4.4. Middle East & Africa
    5.4.5. Latin America
    6. North America Milling machine Market Analysis, Insights and Forecast, 2015-2026
    6.1. Key Findings / Summary
    6.2. Market Sizing Estimations and Forecasts – By Type (Value)
    6.2.1. Vertical Mills
    6.2.2. Horizontal Mills
    6.2.3. Others (Gantry mills, etc.)
    6.3. Market Sizing Estimations and Forecasts – By Application (Value)
    6.3.1. Automotive
    6.3.2. General Machinery
    6.3.3. Precision engineering
    6.3.4. Transport Machinery
    6.3.5. Others (Electrical, etc.)
    6.4. Market Analysis, Insights and Forecast – By Country (Value)
    6.4.1. United States
    6.4.2. Canada
    7. Europe Milling machine Market Analysis, Insights and Forecast, 2015-2026
    7.1. Key Findings / Summary
    7.2. Market Sizing Estimations and Forecasts – By Type (Value)
    7.2.1. Vertical Mills
    7.2.2. Horizontal Mills
    7.2.3. Others (Gantry mills, etc.)
    7.3. Market Sizing Estimations and Forecasts – By Application (Value)
    7.3.1. Automotive
    7.3.2. General Machinery
    7.3.3. Precision engineering
    7.3.4. Transport Machinery
    7.3.5. Others (Electrical, etc.)
    7.4. Market Analysis, Insights and Forecast – By Country (Value)
    7.4.1. Germany
    7.4.2. Russia
    7.4.3. Italy
    7.4.4. Rest of Europe
    8. Asia Pacific Milling machine Market Analysis, Insights and Forecast, 2015-2026
    8.1. Key Findings / Summary
    8.2. Market Sizing Estimations and Forecasts – By Type (Value)
    8.2.1. Vertical Mills
    8.2.2. Horizontal Mills
    8.2.3. Others (Gantry mills, etc.)
    8.3. Market Sizing Estimations and Forecasts – By Application (Value)
    8.3.1. Automotive
    8.3.2. General Machinery
    8.3.3. Precision engineering
    8.3.4. Transport Machinery
    8.3.5. Others (Electrical, etc.)
    8.4. Market Analysis, Insights and Forecast – By Country (Value)
    8.4.1. China
    8.4.2. Japan
    8.4.3. India
    8.4.4. South Korea
    8.4.5. Southeast Asia
    8.4.6. Rest of Asia Pacific
    9. Middle East and Africa Milling machine Market Analysis, Insights and Forecast, 2015-2026
    9.1. Key Findings / Summary
    9.2. Market Sizing Estimations and Forecasts – By Type (Value)
    9.2.1. Vertical Mills
    9.2.2. Horizontal Mills
    9.2.3. Others (Gantry mills, etc.)
    9.3. Market Sizing Estimations and Forecasts – By Application (Value)
    9.3.1. Automotive
    9.3.2. General Machinery
    9.3.3. Precision engineering
    9.3.4. Transport Machinery
    9.3.5. Others (Electrical, etc.)
    9.4. Market Analysis, Insights and Forecast – By Country (Value)
    9.4.1. GCC
    9.4.2. South Africa
    9.4.3. Rest of Middle East & Africa
    10. Latin America Milling machine Market Analysis, Insights and Forecast, 2015-2026
    10.1. Key Findings / Summary
    10.2. Market Sizing Estimations and Forecasts – By Type (Value)
    10.2.1. Vertical Mills
    10.2.2. Horizontal Mills
    10.2.3. Others (Gantry mills, etc.)
    10.3. Market Sizing Estimations and Forecasts – By Application (Value)
    10.3.1. Automotive
    10.3.2. General Machinery
    10.3.3. Precision engineering
    10.3.4. Transport Machinery
    10.3.5. Others (Electrical, etc.)
    10.4. Market Analysis, Insights and Forecast – By Country (Value)
    10.4.1. Brazil
    10.4.2. Mexico
    10.4.3. Rest of Latin America
    11. Global Market Share Analysis, 2018
    12. Competition Matrix
    12.1. Business Strategies Adopted by Leading Players
    13. Company Profile
    13.1. DATRON Dynamics, Inc.
    13.1.1. Overview
    13.1.2. Product Portfolio
    13.1.3. Financials
    13.1.4. Recent Developments
    13.2. Haas Automation, Inc.
    13.2.1. Overview
    13.2.2. Product Portfolio
    13.2.3. Financials
    13.2.4. Recent Developments
    13.3. YAMAZAKI MAZAK CORPORATION
    13.3.1. Overview
    13.3.2. Product Portfolio
    13.3.3. Financials
    13.3.4. Recent Developments
    13.4. Amera-Seiki
    13.4.1. Overview
    13.4.2. Product Portfolio
    13.4.3. Financials
    13.4.4. Recent Developments
    13.5. FANUC CORPORATION
    13.5.1. Overview
    13.5.2. Product Portfolio
    13.5.3. Financials
    13.5.4. Recent Developments
    13.6. ANDERSON EUROPE GMBH
    13.6.1. Overview
    13.6.2. Product Portfolio
    13.6.3. Financials
    13.6.4. Recent Developments
    13.7. Hurco Companies, Inc.
    13.7.1. Overview
    13.7.2. Product Portfolio
    13.7.3. Financials
    13.7.4. Recent Developments
    13.8. Okuma Corporation
    13.8.1. Overview
    13.8.2. Product Portfolio
    13.8.3. Financials
    13.8.4. Recent Developments
    13.9. KNUTH Werkzeugmaschinen GmbH
    13.9.1. Overview
    13.9.2. Product Portfolio
    13.9.3. Financials
    13.9.4. Recent Developments
    13.10. EMCO group
    13.10.1. Overview
    13.10.2. Product Portfolio
    13.10.3. Financials
    13.10.4. Recent Developments

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