Dublin, April 25, 2023 (GLOBE NEWSWIRE) -- The "Machining Centers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Machining Centers estimated at US$17.2 Billion in the year 2022, is projected to reach a revised size of US$27.4 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030.
Vertical, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$17.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Horizontal segment is readjusted to a revised 6.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 6% CAGR
The Machining Centers market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.2% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2030.
Select Competitors (Total 416 Featured) -
- Ace Micromatic Group & Micromatic Machine Tools Pvt. Ltd.
- Amera-Seiki Corp.
- CHIRON Group SE
- DMG Mori Co., Ltd.
- DN Solutions
- Emerson Macchine S.R.L.
- Fanuc Corporation
- FFG European & American Holdings GmbH
- Haas Automation, Inc.
- Hurco Companies, Inc.
- Jiuh-Yeh Precision Machinery Co., Ltd.
- JTEKT Corporation
- Jyoti CNC Automation Limited
- Kent CNC
- Komatsu NTC Ltd.
- Makino Inc.
- Matsuura Machinery Corporation
- Maxmill Machinery Co., Ltd.
- Mazak Corporation
- Mitsubishi Electric Corporation
- MTABT Engineers Private Limited
- Okuma America Corporation
- SCM GROUP S.p.A.
- Siemens AG
- The Hyundai Wia Corporation
- Yeong Chin Machinery Industries Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 823 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $17.2 Billion |
| Forecasted Market Value (USD) by 2030 | $27.4 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Strong Focus Shed on Automation in Manufacturing Provides the Cornerstone for the Growth of Machining Centers
- Robust Outlook for Industrial Automation Brightens the Sentiment in the Machining Centers Market: Global Opportunity for Industrial Automation (In US$ Billion) for Years 2022, 2024 and 2026
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral & Feed Inflationary Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022: Global Inflation Rates (In %) for the Years 2019 Through 2024
- After the Pandemic, Global Economic Uncertainty Surges Amidst War, Inflation, Political Tensions & Supply Chain Disruptions Aggravated by China's Slowdown: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Competition
- Machining Centers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Machining Centers: Overview, Types & Market Dynamics of the Machine Tools Industry
- Machining Centers is a Strong & Lucrative Part of the Machine Tools Industry: % Share Breakdown of key Segments in the Global Machine Tools Industry for the Year 2022
- World Brands
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Smart Machining Centers Become Pivotal to COVID-19-Led Shift Towards Smart Manufacturing
- CNC Machining Remains the Most Popular Subtractive Manufacturing Technology. Here's Why
- Rise of Precision Manufacturing Spurs Investments in Precision Machining Centers
- Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities for Machining Centers: Global Precision Parts Market for the Years 2022, 2024, 2026 & 2028 (In US$ Million)
- Market Witnesses Notable Uptick in Demand for Five-Axis Machining Centers
- Combining Subtractive and Additive Machining Capabilities is the New Flavor of Innovation in Machining Centers
- Horizontal Machining Centers Score Over Vertical Machining Centers
- CNC Machining Centers With Miniature Inductive Sensors in the Spotlight
- Metal Fabrication Drives Demand for CNC Vertical Machining Centers
- Strong Demand for Metal Fabrication Services Translates Into Increased Business Opportunity for Machining Centers: Global Sheet Metal Fabrication Services Market (In US$ Million) for Years 2021, 2023, 2025 & 2026
- Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit Demand
- Reshoring Drives Growth Prospects in Developed Markets
- Led by EVs, the Automotive Industry Emerges as a Major End-Use Sector for Machining Centers
- Making Parts for Next-Gen Vehicles & Ability to Move Quickly from Prototyping to Mass Production to Spur Growth of Machining Centers: Global Sales of EVs (In 000 Units) for Years 2022, 2024 & 2026
- Machining Centers Evolve as Preferred Tools for Manufacturing Critical & Complex Components Aircraft Parts
- The Massive Market for Aerospace Parts Manufacturing to Expand the Addressable Market Opportunity for Machining Centers: Global Aerospace Parts Manufacturing Market (In US$ Billion) for Years 2022, 2024 and 2026
- Heavy Equipment/Machinery Manufacturing Industry Promises Bright Prospects
- Special Focus on IoT Enabled Machining Centers
- Strong Growth & Progressive Maturity of Industrial Internet of Things (IIoT) Means the Technology is Ripe for Integration in Machining Centers: Global Market for IIoT (In US$ Billion) for Years 2022, 2024, 2026 and 2028
- AI to Make an Impact on Machining Centers
- Green Machining Centers Will Soon Be a Reality. Here's All You Need to Know
- Innovations Remain Crucial for Sustained Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/kz1ybo
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