Global 5-Axis CNC Machining Centers Market 2017-2021
About 5-Axis CNC Machining Centers
5-axis CNC machining centers enable the cutting tool to move across the X, Y and Z linear axes. Two additional axes, A and B, help to move the object precisely in any direction.
Technavio’s analysts forecast the global 5-Axis CNC machining centers market to grow at a CAGR of 6.66% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 5-Axis CNC machining centers market for 2017-2021. To calculate the market size, the report considers the new installations, sales, value retrofit and replacement market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 5-Axis CNC Machining Centers Market 2017-2021
Technavio recognizes the following companies as the key players in the global 5-Axis CNC machining centers market: Haas Automation, Hurco, Makino, Okuma, and Shenyang Machine Tools.
Other Prominent Vendors in the market are: CMS North America, FANUC, Jyoti CNC Automation, Yamazaki Mazak Corporation, Mitsubishi Electric, and Siemens AG.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is cloud-based CNC systems. The evolution of industry 4.0 and IIoT have given rise to the demand for cloud-based computing to manage the huge amounts of data in a cost-effective manner. Therefore, it is expected that CNCs, being essential machine tool devices, will incorporate cloud-based systems.”
According to the report, one of the major drivers for this market is self-optimized machine cutting. The cutting process primarily consists of 5-axis milling and gun drilling processes and operations. The rising self-optimization capability of these processes in 5-axis CNC machines is likely to increase the production efficiency of the cutting process along with a reduction of cost.
Further, the report states that one of the major factors hindering the growth of this market is highly capital-intensive market. The machine tools market is capital intensive, and the profitability of this market is highly correlated to the prices of raw materials, such as iron, steel, aluminum, brass, and copper. It is estimated that these raw materials approximately account for 48% of the overall manufacturing cost. Fluctuations in raw material price have a negative impact on manufacturers due to the frequent changes in pricing strategy.
Haas Automation, Hurco, Makino, Okuma, Shenyang Machine Tools, CMS North America, FANUC, Jyoti CNC Automation, Yamazaki Mazak Corporation, Mitsubishi Electric, and Siemens AG.