Market Research Logo

Global Machining Centers Market 2016-2020

Global Machining Centers Market 2016-2020

About Machining Centers

A machining center may be defined as a machine tool that has the ability to perform multiple operations or processes by utilizing the different axes of the setup. The basic characteristic of a machining center is its ability to change tools automatically. The motion of the cutting tool can be programmed according to the nature of the work and tool movement can be controlled with the help of servo motors; the position feedback can be sent to the control system to enable the alignment of the tool to the required position.

Technavio’s analysts forecast the global machining centers market to grow at a CAGR of 5.68% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of global machining centers market for 2016-2020. To calculate the market size, the report covers the vendor landscape and discusses various products manufactured by vendors in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Machining Centers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DMTG
  • DMG Mori
  • SMTCL
  • Yamazaki Mazak
Other prominent vendors
  • Allied Machine & Engineering
  • Amada
  • AMERASEIKI
  • BYJC-OKUMA (Beijing) Machine Tools
  • Doosan
  • Doosan Infracore
  • ENSHU
  • Fair Friend
  • FANUC
  • GF Machining Solutions
  • Haas Automation
  • Hardinge
  • Heller
  • HMT
  • HURCO
  • Hyundai WIA
  • Jiuh-Yeh Precision Machinery
  • JTEKT
  • Kennametal
  • KIWA Japan
  • Komatsu
  • Maco
  • Makino Milling Machine
  • Matsuura
  • Micromatic
  • OKK
  • Sandvik
  • SISTER-CNC
  • SNK
  • Tongtai Machine & Tools
  • Toshiba Machine
  • Yama Seiki
  • YCM
Market driver
  • Technological advances redefining CNC machining
  • For a full, detailed list, view our report
Market challenge
  • Setbacks in European machine tools manufacturing
  • For a full, detailed list, view our report
Market trend
  • Designing new milling tools
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Machining Centers Market 2016-2020

Technavio recognizes the following companies as the key players in the global machining centers market: DMTG, DMG Mori, SMTCL, and Yamazaki Mazak.

Other Prominent Vendors in the market are: Allied Machine & Engineering, Amada, AMERASEIKI, BYJC-OKUMA (Beijing) Machine Tools, Doosan, Doosan Infracore, ENSHU, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, Heller, HMT, HURCO, Hyundai WIA, Jiuh-Yeh Precision Machinery, JTEKT, Kennametal, KIWA Japan, Komatsu, Maco, Makino Milling Machine, Matsuura, Micromatic, OKK, Sandvik, SISTER-CNC, SNK, Tongtai Machine & Tools, Toshiba Machine, Yama Seiki, and YCM.

Commenting on the report, an analyst from Technavio’s team said: “Rise in automation will be a key trend for market growth. Implementing automation not only increases profit margins but also has a positive impact on resource regulation and loss control. Automation in a company’s production or fabrication process increases its competitive edge and reduces operational costs. However, the high cost of automation systems and equipment makes it necessary to conduct a comparative study of additional costs with the overall cost reductions in the long run.”

According to the report, growing demand for fabricated metal products will be a key driver for market growth. The global fabricated metal products market was valued at $1.81 trillion in 2015 and will likely reach $2.35 trillion by 2020, growing at a CAGR of 5.36%. The US accounted for almost 20% of the entire global fabrication metal product market. There is an increase in the demand for US-manufactured fabricated metal products worldwide. For example, Mexico, Canada, and China rely heavily on the US for the supply of fabricated metals. Increased fabricated metal production in the country is leading to rising domestic demand for machine tools.

Further, the report states that there is a need for European machine tool manufacturers to open up to international markets to maintain and increase their production levels. However, the international markets pose many challenges, particularly to SMEs, which still account for more than 80% of European machine tool manufacturers. This factor will be one of the challenges for the market. These SMEs have to deal with a host of issues such as increasing global competition from state-owned enterprises, market access barriers, risks related to intellectual property rights, and unpredictable and complex regulatory mechanisms.

Companies Mentioned

DMTG, DMG Mori, SMTCL, Yamazaki Mazak, Allied Machine & Engineering, Amada, AMERASEIKI, BYJC-OKUMA (Beijing) Machine Tools, Doosan, Doosan Infracore, ENSHU, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, Heller, HMT, HURCO, Hyundai WIA, Jiuh-Yeh Precision Machinery, JTEKT, Kennametal, KIWA Japan, Komatsu, Maco, Makino Milling Machine, Matsuura, Micromatic, OKK, Sandvik, SISTER-CNC, SNK, Tongtai Machine & Tools, Toshiba Machine, Yama Seiki, YCM.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Machine tool classification, by operations
      • Table Global machining centers market by end-users 2016-2020
      • Table Global machining centers market by geography 2016-2020
      • Table Global machining centers machine market by geography 2016-2020
  • Market landscape
    • Market overview
      • Table Global machining centers market
    • Market size and forecast
      • Table Global machining centers market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global machining centers market by end-users
      • Table Global machining centers market by end-user 2015-2020
    • Automotive
      • Table Global machining centers market in automotive sector 2015-2020 ($ billions)
      • Table Global automotive sales and automobile industry value
      • Table Global share of major automobile manufacturers 2015
    • Aerospace
      • Table Global machining centers market in aerospace sector 2015-2020 ($ billions)
      • Table Aircraft statistics 2014-2034
    • Metal fabrication shops
      • Table Global machining centers market in metal fabrication shops 2015-2020 ($ billions)
    • Other
      • Table Global machining centers market in other sectors 2015-2020 ($ billions)
  • Geographical segmentation
    • Global machining centers market by geography
      • Table Global machining centers market by geography 2015-2020 (%)
    • APAC
      • Table Machining centers market in APAC 2015-2020 ($ billions)
      • Table Major automotive investments in India 2014-2015
    • EMEA
      • Table Machining centers market in EMEA 2015-2020 ($ billions)
      • Table EU automobile sales 2015 and 2030 (million units)
      • Table Construction sector growth rate in EU 2014-2017 (%)
    • Americas
      • Table Machining centers market in Americas 2015-2020 ($ billions)
      • Table Automobile sales in US 2010-2015 (units)
  • Market drivers
    • Single machines that enable multiple operations
    • Technological advances redefining CNC machining
    • Growing demand for fabricated metal products
      • Table Global fabricated metal products market 2015-2020 ($ trillions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lack of skilled labor
    • Capital-intensive market
      • Table Global stainless steel price June 2014-May 2015 ($/ton)
    • Setbacks in European machine tools manufacturing
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Six-axis CNC machine revolutionizing machining operations
    • Designing new milling tools
    • Rise in automation
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • DMTG
    • DMG Mori
      • Table DMG Mori: Business segmentation by revenue 2014
    • SMTCL
      • Table SMTCL: Product segmentation by revenue 2014
    • Yamazaki Mazak
      • Table Yamazaki Mazak: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report