Milling Machine Market Size, Share & Trends Analysis Report By Type (Horizontal Milling Machine, Vertical Milling Machines), By End Use, By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 141 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global milling machine market size is expected to reach USD 100,861.0 million by 2025, registering a CAGR of 7.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing popularity of multi-axis milling machines, which can potentially transform the overall machining process by making it more accurate, reducing the amount of human intervention required, and improving the surface finish of the final product, is expected to contribute to the growth of the market.

The demand for fabricated metal products, particularly from the construction and machinery industries, is growing across the globe. Fabricated metal products are widely used in a variety of commercial as well as household use products such as ammunition, cutlery and utensils, and building items. The growing demand for such and other fabricated metal products is driving the demand for milling machines globally.

CNC machining has become pivotal for the manufacturing industry and is turning out to be a widely-sought technique to machine metal parts with a high level of precision. CNC machining involves a precise automation process that can produce high-quality metal products without any human intervention. Moreover, manufacturers are increasingly opting for machines with multi-axis machining capabilities in order to produce high-quality metal parts within shorter time durations.

Some of the latest trends the market has been witnessing include the continued adoption of 5-axis and 6-axis milling machines. While 5-axis machines have had a significant impact on the metal processing industry by eliminating the turnaround time, reducing waste, and increasing efficiency; 6-axis machines hold the potential to transform the machining operations and processes in their entirety. The growing demand for high-quality fabricated metal products from defense & aerospace and automotive, among other industries, is leading to growth opportunities for developing new and innovative multi-axis machine tools.

Automation is gaining traction in the machining industry in developed as well as developing economies. However, Asia Pacific is poised to emerge as the dominant regional market over the forecast period. Asia Pacific is home to a large and well-established manufacturing sector, which requires a myriad of machine tools and metal cutting products. As such, companies in the Asia Pacific market are expected to adopt innovative technologies to manufacture metal cutting products and machine tools.

Further key findings from the study suggest:

• Advances in technology coupled with a large consumer base are expected to create growth opportunities for automatic milling machines

• The automotive end-use segment is expected to register the highest CAGR over the forecast period owing to the growing demand for metal parts with high-quality cuts and finishes

• In terms of type, the vertical milling machine segment is expected to register the highest CAGR of 7.45% from 2019 to 2025. This can be attributed to the fact that these machines are affordable to procure and occupy smaller floor space

• Europe is anticipated to emerge as the fastest-growing regional market as Europe is home to a continuously-growing automotive industry and a promising energy sector

• Some of the key players of milling machine market are AMADA CO., LTD.; Amera Seiki, DATRON Dynamics, Inc.; DMG MORI; Haas Automation, Inc.; FANUC CORPORATION; Okuma Corporation; Shenyang Machine Tool Co., Ltd. (SMTCL); Hurco Companies, Inc.; Dalian Machine Tool Group (DMTG) Corporation; and Yamazaki Mazak Corporation.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope and Assumptions
                 1.3 List of Data Sources
Chapter 2 Executive Summary
                 2.1 Milling Machine Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                 2.2 Global Milling Machine Market, 2014 - 2025
                     2.2.1 Global milling machine market, by region, 2014 - 2025
                     2.2.2 Global milling machine market, by type, 2014 - 2025
                     2.2.3 Global milling machine market, by end use, 2014 - 2025
Chapter 3 Milling Machine Market - Industry Outlook
                 3.1 Market Segmentation and Scope
                 3.2 Market Size & Growth Prospects
                 3.3 Milling Machine Market - Value Chain Analysis
                     3.3.1 Vendor landscape
                 3.4 Milling Machine Market - Market Dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Demand for higher productivity and reduction in downtime
                         3.4.1.2 Growing demand for reduction of operating costs
                         3.4.1.3 Increasing demand for mass production from the industrial sector
                     3.4.2 Market challenge analysis
                         3.4.2.1 High purchasing and maintenance costs of milling machines
                 3.5 Penetration and Growth Prospect Mapping
                 3.6 Milling Machine Market - Company Market Share Analysis, 2018
                 3.7 Milling Machine Market - Porter's Five Forces Analysis
                 3.8 Milling Machine Market - PESTEL Analysis
Chapter 4 Milling Machine Type Outlook
                 4.1 Milling Machine Market Share by Type, 2018 & 2025
                 4.2 Horizontal Milling Machine
                     4.2.1 Horizontal milling machine market, 2014 - 2025
                 4.3 Vertical Milling Machine
                     4.3.1 Vertical milling machine market, 2014 - 2025
Chapter 5 Milling Machine End-Use Outlook
                 5.1 Milling Machine Market Share by End Use, 2018 & 2025
                 5.2 Automotive
                     5.2.1 Milling machine market in automotive, 2014 - 2025
                 5.3 Aerospace & Defense
                     5.3.1 Milling machine market in aerospace & defense, 2014 - 2025
                 5.4 Construction Equipment
                     5.4.1 Milling machine market in construction equipment, 2014 - 2025
                 5.5 Power & Energy
                     5.5.1 Milling machine market in power & energy, 2014 - 2025
                 5.6 Industrial
                     5.6.1 Milling machine market in industrial end use, 2014 - 2025
                 5.7 Others
                     5.7.1 Milling machine market in other end uses, 2014 - 2025
Chapter 6 Milling Machine Regional Outlook
                 6.1 Milling Machine Market Share by Region, 2018 & 2025
                 6.2 North America
                     6.2.1 North America milling machine market, 2014 - 2025
                     6.2.2 North America milling machine market, by type, 2014 - 2025
                     6.2.3 North America milling machine market, by end use, 2014 - 2025
                     6.2.4 U.S.
                         6.2.4.1 U.S. milling machine market, 2014 - 2025
                         6.2.4.2 U.S. milling machine market, by type, 2014 - 2025
                         6.2.4.3 U.S. milling machine market, by end use, 2014 - 2025
                     6.2.5 Canada
                         6.2.5.1 Canada milling machine market, 2014 - 2025
                         6.2.5.2 Canada milling machine market, by type, 2014 - 2025
                         6.2.5.3 Canada milling machine market, by end use, 2014 - 2025
                 6.3 Europe
                     6.3.1 Europe milling machine market, 2014 - 2025
                     6.3.2 Europe milling machine market, by type, 2014 - 2025
                     6.3.3 Europe milling machine market, by end use, 2014 - 2025
                     6.3.4 France
                         6.3.4.1 France milling machine market, 2014 - 2025
                         6.3.4.2 France milling machine market, by type, 2014 - 2025
                         6.3.4.3 France milling machine market, by end use, 2014 - 2025
                     6.3.5 Germany
                         6.3.5.1 Germany milling machine market, 2014 - 2025
                         6.3.5.2 Germany milling machine market, by type, 2014 - 2025
                         6.3.5.3 Germany milling machine market, by end use, 2014 - 2025
                     6.3.6 Italy
                         6.3.6.1 Italy milling machine market, 2014 - 2025
                         6.3.6.2 Italy milling machine market, by type, 2014 - 2025
                         6.3.6.3 Italy milling machine market, by end use, 2014 - 2025
                 6.4 Asia Pacific
                     6.4.1 Asia Pacific milling machine market, 2014 - 2025
                     6.4.2 Asia Pacific milling machine market, by type, 2014 - 2025
                     6.4.3 Asia Pacific milling machine market, by end use, 2014 - 2025
                     6.4.4 China
                         6.4.4.1 China milling machine market, 2014 - 2025
                         6.4.4.2 China milling machine market, by type, 2014 - 2025
                         6.4.4.3 China milling machine market, by end use, 2014 - 2025
                     6.4.5 India
                         6.4.5.1 India milling machine market, 2014 - 2025
                         6.4.5.2 India milling machine market, by type, 2014 - 2025
                         6.4.5.3 India milling machine market, by end use, 2014 - 2025
                     6.4.6 Japan
                         6.4.6.1 Japan milling machine market, 2014 - 2025
                         6.4.6.2 Japan milling machine market, by type, 2014 - 2025
                         6.4.6.3 Japan milling machine market, by end use, 2014 - 2025
                 6.5 Latin America
                     6.5.1 Latin America milling machine market, 2014 - 2025
                     6.5.2 Latin America milling machine market, by type, 2014 - 2025
                     6.5.3 Latin America milling machine market, by end use, 2014 - 2025
                     6.5.4 Mexico
                         6.5.4.1 Mexico milling machine market, 2014 - 2025
                         6.5.4.2 Mexico milling machine market, by type, 2014 - 2025
                         6.5.4.3 Mexico milling machine market, by end use, 2014 - 2025
                 6.6 MEA
                     6.6.1 MEA milling machine market, 2014 - 2025
                     6.6.2 MEA milling machine market, by type, 2014 - 2025
                     6.6.3 MEA milling machine market, by end use, 2014 - 2025
Chapter 7 Competitive Landscape
                 7.1 AMADA CO., LTD.
                     7.1.1 Company overview
                     7.1.2 Financial performance
                     7.1.3 Product benchmarking
                     7.1.4 Strategic initiatives
                 7.2 Amera Seiki
                     7.2.1 Company overview
                     7.2.2 Product benchmarking
                     7.2.3 Product benchmarking
                     7.2.4 Strategic initiatives
                 7.3 DATRON Dynamics, Inc.
                     7.3.1 Company overview
                     7.3.2 Financial performance
                     7.3.3 Product benchmarking
                     7.3.4 Strategic initiatives
                 7.4 DMG MORI
                     7.4.1 Company overview
                     7.4.2 Financial performance
                     7.4.3 Product benchmarking
                     7.4.4 Strategic initiatives
                 7.5 Haas Automation, Inc.
                     7.5.1 Company overview
                     7.5.2 Financial performance
                     7.5.3 Product benchmarking
                     7.5.4 Strategic initiatives
                 7.6 FANUC CORPORATION
                     7.6.1 Company overview
                     7.6.2 Financial performance
                     7.6.3 Product benchmarking
                     7.6.4 Strategic initiatives
                 7.7 Okuma Corporation
                     7.7.1 Company overview
                     7.7.2 Financial performance
                     7.7.3 Product benchmarking
                     7.7.4 Strategic initiatives
                 7.8 Shenyang Machine Tool Co., Ltd. (SMTCL)
                     7.8.1 Company overview
                     7.8.2 Financial performance
                     7.8.3 Product benchmarking
                     7.8.4 Strategic initiatives
                 7.9 Hurco Companies, Inc.
                     7.9.1 Company overview
                     7.9.2 Financial performance
                     7.9.3 Product benchmarking
                     7.9.4 Strategic initiatives
                 7.10 Dalian Machine Tool Group (DMTG) Corporation
                     7.10.1 Company overview
                     7.10.2 Financial performance
                     7.10.3 Product benchmarking
                     7.10.4 Strategic initiatives
                 7.11 Yamazaki Mazak Corporation
                     7.11.1 Company overview
                     7.11.2 Financial performance
                     7.11.3 Product benchmarking
                     7.11.4 Strategic initiatives

List of Tables

TABLE 1 Milling machine market - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 Global milling machine market, 2014 - 2025 (USD Million)
TABLE 3 Global milling machine market, by region, 2014 - 2025 (USD Million)
TABLE 4 Global milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 5 Global milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 6 Vendor landscape
TABLE 7 Milling machine market - Key market driver impact
TABLE 8 Estimated hourly cost of downtime by industry (2014 - 2015)
TABLE 9 Operating cost comparison (USD)
TABLE 10 Milling machine market - Key market challenge impact
TABLE 11 Machining shop rates (USD)
TABLE 12 Horizontal milling machines market, 2014 - 2025 (USD Million)
TABLE 13 Horizontal milling machines market, by region, 2014 - 2025 (USD Million)
TABLE 14 Vertical milling machines market, 2014 - 2025 (USD Million)
TABLE 15 Vertical milling machines market, by region, 2014 - 2025 (USD Million)
TABLE 16 Milling machine market in automotive, 2014 - 2025 (USD Million)
TABLE 17 Milling machine market in automotive, by region, 2014 - 2025 (USD Million)
TABLE 18 Milling machine market in aerospace & defense, 2014 - 2025 (USD Million)
TABLE 19 Milling machine market in aerospace & defense, by region, 2014 - 2025 (USD Million)
TABLE 20 Milling machine market in construction equipment, 2014 - 2025 (USD Million)
TABLE 21 Milling machine market in construction equipment, by region, 2014 - 2025 (USD Million)
TABLE 22 Milling machine market in power & energy, 2014 - 2025 (USD Million)
TABLE 23 Milling machine market in power & energy, by region, 2014 - 2025 (USD Million)
TABLE 24 Milling machine market in industrial end use, 2014 - 2025 (USD Million)
TABLE 25 Milling machine market in industrial end use, by region, 2014 - 2025 (USD Million)
TABLE 26 Milling machine market in other end uses, 2014 - 2025 (USD Million)
TABLE 27 Milling machine market in other end uses, by region, 2014 - 2025 (USD Million)
TABLE 28 North America milling machine market, 2014 - 2025 (USD Million)
TABLE 29 North America milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 30 North America milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 31 U.S. milling machine market, 2014 - 2025 (USD Million)
TABLE 32 U.S. milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 33 U.S. milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 34 Canada milling machine market, 2014 - 2025 (USD Million)
TABLE 35 Canada milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 36 Canada milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 37 Europe milling machine market, 2014 - 2025 (USD Million)
TABLE 38 Europe milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 39 Europe milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 40 France milling machine market, 2014 - 2025 (USD Million)
TABLE 41 France milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 42 France milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 43 Germany milling machine market, 2014 - 2025 (USD Million)
TABLE 44 Germany milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 45 Germany milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 46 Italy milling machine market, 2014 - 2025 (USD Million)
TABLE 47 Italy milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 48 Italy milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 49 Asia Pacific milling machine market, 2014 - 2025 (USD Million)
TABLE 50 Asia Pacific milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 51 Asia Pacific milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 52 China milling machine market, 2014 - 2025 (USD Million)
TABLE 53 China milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 54 China milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 55 India milling machine market, 2014 - 2025 (USD Million)
TABLE 56 India milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 57 India milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 58 Japan milling machine market, 2014 - 2025 (USD Million)
TABLE 59 Japan milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 60 Japan milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 61 Latin America milling machine market, 2014 - 2025 (USD Million)
TABLE 62 Latin America milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 63 Latin America milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 64 Mexico milling machine market, 2014 - 2025 (USD Million)
TABLE 65 Mexico milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 66 Mexico milling machine market, by end use, 2014 - 2025 (USD Million)
TABLE 67 MEA milling machine market, 2014 - 2025 (USD Million)
TABLE 68 MEA milling machine market, by type, 2014 - 2025 (USD Million)
TABLE 69 MEA milling machine market, by end use, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 Milling machine market, 2014 - 2025 (USD Million)
FIG. 3 Milling machine market - Value chain analysis
FIG. 4 Milling machine market - Market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Milling machine market - Company market share analysis, 2018
FIG. 7 Milling machine market - Porter's five forces analysis
FIG. 8 Milling machine market - PESTEL analysis
FIG. 9 Milling machine market, by type, 2018 & 2025
FIG. 10 Milling machine market, by end use, 2018 & 2025
FIG. 11 Milling machine market, by region, 2018 & 2025
FIG. 12 Regional - Key takeaways
FIG. 13 North America milling machine market - Key takeaways
FIG. 14 Europe milling machine market - Key takeaways
FIG. 15 Asia Pacific milling machine market - Key takeaways
FIG. 16 Latin America milling machine market - Key takeaways
FIG. 17 MEA milling machine market - Key takeaways