CNC vertical machining centers market size to grow by USD 1,130.34 million from 2022 to 2027: Development of advanced manufacturing processes in the industrial machinery sector to boost growth

Sep 12, 2023

NEW YORK, April 24, 2023 /PRNewswire/ -- The global CNC vertical machining centers market size is estimated to increase by USD 1,130.34 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.37%. The development of advanced manufacturing processes in the industrial machinery sector is driving the market growth. The integration of technologies such as Non-Uniform Rational Basis Spline (NURBS) has led to technological disruption in the market. CNC machines based on NURBS can render a variety of shapes. They help achieve high accuracy in the machining process. In addition, NURBS-enabled CNCs can efficiently handle key materials during machining operations, which reduces wastage. These factors are anticipated to fuel the market growth during the forecast period. Discover some insights on market size, historic period (2017-2021), and forecast period (2023-2027) before buying the full report - Request a sample report

CNC vertical machining centers market – Customer landscape

Our report analyzes the life cycle of the global CNC vertical machining centers market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global CNC vertical machining centers market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteria

Adoption rates

Adoption lifecycles

Drivers of price sensitivity

To unlock the detailed information on the customer landscape - Request a sample now!

CNC vertical machining centers market – Vendor analysisVendor landscape –

The global CNC vertical machining centers market is fragmented, with the presence of several vendors. A few prominent vendors that offer CNC vertical machining centers in the market are Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., DN Solutions Co. Ltd., Emmegi S.p.A., Gebr. Heller Maschinenfabrik GmbH, Haas Automation Inc., Hurco Companies Inc., Jiuh Yeh Precision Machinery Co. Ltd., Jyoti CNC Automation Ltd., Komatsu Mining Corp., Makino Milling Machine Co. Ltd., Maxmill Machinery Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Shandong Luzhong Machine Tool Co. Ltd., Shenyang Yiji Machine Tool Sales Co. Ltd., TONGTAI MACHINE and TOOL Co. Ltd., and Yamazaki Mazak Corp. and others.

Vendors compete based on factors such as differentiated product offerings. The market is characterized by long-term supply agreements or contracts between vendors and OEMs or between vendors and service providers. The market has remained relatively stable during the past decade. During the forecast period, it will provide significant growth opportunities for vendors due to increasing digitalization, inclusion of advanced electronics, and automation in various end-user industries. Thus, the market is expected to remain competitive during the forecast period.

Vendor offerings -

Bharat Fritz Werner Ltd. - The company offers CNC vertical machining centers such as Dhruva HE Series and Mach Series.

DMG MORI Co. Ltd. - The company offers CNC vertical machining centers such as DMP 70, CMX 600 V, and CMX 1100 V.

DN Solutions Co. Ltd. - The company offers CNC vertical machining centers such as DEM, DNM, and DMP.

Gebr. Heller Maschinenfabrik GmbH - The company offers CNC vertical machining centers such as 4-axis machining centers H and 5-axis machining centers F.

For comprehensive analysis on the several listed vendors and their exclusive offerings – Request a sample report

CNC vertical machining centers market - Segmentation assessmentSegment overviewTechnavio has segmented the market based on application (automotive, aerospace, metal fabrication, and others), product (less than 5-axis and 5-axis or more), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The automotive segment will account for a significant share of market growth during the forecast period. The automotive industry is facing constant changes in terms of the regulatory framework, technological advances, and customer requirements. The use of CNC machining helps automakers make the manufacturing process cost-effective. Some of the applications where CNC machining is used include manufacturing interior and exterior parts such as valves, pistons, throttles, headlight housings, transmission cases, aluminum wheels, and cylinders. These factors will drive the growth of the segment during the forecast period.

Geography overviewThe report provides actionable insights and estimates the contribution of all regions to the growth of the global CNC vertical machining centers market.

APAC is estimated to account for 39% of the growth of the global market during the forecast period. The demand for CNC vertical machining centers is high in APAC owing to growth of the automotive and industrial sectors. APAC is a major manufacturing hub for various industries. The increasing population in the region has fueled the demand for several consumables and commodities. As a result, manufacturers are increasing their production capacities by expanding existing manufacturing facilities and constructing new ones. These machines will help reduce operating costs and increase efficiency. Thus, the regional market is expected to grow during the forecast period.

For some key market insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

CNC vertical machining centers market – Market dynamics

Key trends - Six-axis CNC machine redefining machining operation is a key trend in the market. Six-axis CNC machines help redefine machining operations. These machines can process the raw material into a finished product without the use of multiple fixtures. The entire machining process is carried out within a single machine, which reduces the need to move the workpiece from one machining tool to another. This prevents batch queuing and facilitates LEAN manufacturing. Six-axis machines can work on complex shapes and simple parts. These factors will support market growth during the forecast period.

Major challenges - The availability of horizontal machining centers and refurbished vertical machining centers is challenging market growth. Manufacturing industries in several mature markets, such as the US and Europe, have shut down operations due to high labor costs and stringent emission regulations. As a result, the availability of refurbished machine centers has increased, which is reducing the procurement of new CNC machines. Refurbished equipment is less expensive, which provides industries with a cost advantage. CNC horizontal machines can replace CNC vertical machines, as they offer superior performance. This reduces the need for integrating CNC vertical machining centers into the production units of end-user industries. These factors will impede market growth during the forecast period.

Drivers, upcoming trends, and several market challenges have an impact on market dynamics and businesses also. Find more such key insights in a sample PDF report!

What are the key data covered in this CNC vertical machining centers market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the CNC vertical machining centers market between 2023 and 2027

Precise estimation of the size of the CNC vertical machining centers market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the CNC vertical machining centers market across APAC, Europe, North America, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of CNC vertical machining centers market vendors

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The 5-axis CNC machining centers market size is expected to increase by USD 627.3 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.75%. Furthermore, this report extensively covers market segmentation by product (vertical 5-axis CNC machining centers and horizontal 5-axis CNC machining centers), end user (automotive, aerospace, metal fabrication, and others), and geography (APAC, North America, Europe, South America, and MEA).

CNC Vertical Machining Centers Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.37%

Market growth 2023-2027

USD 1,130.34 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.7

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, Germany, and Italy

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., DN Solutions Co. Ltd., Emmegi S.p.A., Gebr. Heller Maschinenfabrik GmbH, Haas Automation Inc., Hurco Companies Inc., Jiuh Yeh Precision Machinery Co. Ltd., Jyoti CNC Automation Ltd., Komatsu Mining Corp., Makino Milling Machine Co. Ltd., Maxmill Machinery Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Shandong Luzhong Machine Tool Co. Ltd., Shenyang Yiji Machine Tool Sales Co. Ltd., TONGTAI MACHINE and TOOL Co. Ltd., and Yamazaki Mazak Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global CNC vertical machining centers market 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 Product Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments

6.2 Comparison by Application

6.3 Automotive - Market size and forecast 2022-2027

6.4 Aerospace - Market size and forecast 2022-2027

6.5 Metal fabrication - Market size and forecast 2022-2027

6.6 Others - Market size and forecast 2022-2027

6.7 Market opportunity by Application

7 Market Segmentation by Product

7.1 Market segments

7.2 Comparison by Product

7.3 Less than 5-axis - Market size and forecast 2022-2027

7.4 5-axis or more - Market size and forecast 2022-2027

7.5 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 Japan - Market size and forecast 2022-2027

9.12 Italy - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Bharat Fritz Werner Ltd.

12.4 DMG MORI Co. Ltd.

12.5 DN Solutions Co. Ltd.

12.6 Emmegi S.p.A.

12.7 Gebr. Heller Maschinenfabrik GmbH

12.8 Haas Automation Inc.

12.9 Hurco Companies Inc.

12.10 Jyoti CNC Automation Ltd.

12.11 Komatsu Mining Corp.

12.12 Makino Milling Machine Co. Ltd.

12.13 Micromatic Machine Tools Pvt. Ltd.

12.14 Okuma Corp.

12.15 SCM GROUP Spa

12.16 Shenyang Yiji Machine Tool Sales Co. Ltd.

12.17 Yamazaki Mazak Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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