The Machining Centres Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Machining Centres Market:
https://www.thebusinessresearchcompany.com/report/machining-centres-global-market-report
According to The Business Research Company’s Machining Centres Global Market Report 2024, The machining centres market size has grown strongly in recent years. It will grow from $26.64 billion in 2023 to $28.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to demand for high precision components, mass production requirements, flexible manufacturing systems, reduction in setup time, globalization of manufacturing, energy sector investments, focus on quality assurance.
The machining centres market size is expected to see strong growth in the next few years. It will grow to $36.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to customization in manufacturing, increasing productivity, smart manufacturing initiatives, energy efficiency requirements, global infrastructure development, advanced control systems.. Major trends in the forecast period include automation and robotics, high-speed machining, multi-tasking machining centers, integration of additive manufacturing, digital twin technology, advanced tooling technologies, remote monitoring and maintenance, focus on user-friendly interfaces.
The increase in automation and robotics in the manufacturing industry is expected to propel the growth of the machining centers market going forward. The manufacturing industry is the industry concerned with the manufacturing and processing of raw materials such as steel, iron, and plastic into end products. Machining centers automate the manufacturing machining processes and are considered excellent automation tools for the manufacturing sector. For instance, in 2021, according to the Association for Advancing Automation (A3), a US-based trade association of robotics, automation, and AI companies, robot orders in the second quarter of 2021 were up 67% as compared to the same period in the previous year. Furthermore, the orders from the metal, automotive components, plastics, and rubber industries were up by 99%, 85%, and 51%, respectively, as compared to the previous year. Therefore, the increasing automation and robotics in the manufacturing sector are driving the growth of the machining centers market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7883&type=smp
The machining centres market covered in this report is segmented –
1) By Type: Horizontal Machining Center, Vertical Machining Center, Other Types
2) By Distribution Channel: Direct Sales, Third-Party Sales
3) By Application: Automotive, Aerospace, Construction and Agriculture, Fluid Power, Oil and Energy, Other Applications
Technological advancements are a key trend gaining popularity in the machining centers market. Major companies operating in the market are introducing new technologies such as ‘The MCR-S double-column machining center which is manufactured by using cutting-edge technology to sustain their position in the market. For instance, in March 2021, Okuma, a Japan-based machine tool maker, launched their new machine center ‘MCR-S double column machine center’. The new tool is based on cutting-edge technology that reduces the cycle time by 25%. It features full 5-face and 5-axis machining and is an ideal fit for die repair work in the automotive and aerospace industries technological advancements are a key trend gaining popularity in the machining centers market. Major companies operating in the market are introducing new technologies such as ‘The MCR-S double-column machining center which is manufactured by using cutting-edge technology to sustain their position in the market. For instance, in March 2021, Okuma, a Japan-based machine tool maker, launched their new machine center ‘MCR-S double column machine center’. The new tool is based on cutting-edge technology that reduces the cycle time by 25%. It features full 5-face and 5-axis machining and is an ideal fit for die repair work in the automotive and aerospace industries.
The machining centres market report table of contents includes:
1. Executive Summary
2. Machining Centres Market Characteristics
3. Machining Centres Market Trends And Strategies
4. Machining Centres Market – Macro Economic Scenario
5. Global Machining Centres Market Size and Growth
.
.
.
26. South America Machining Centres Market
27. Brazil Machining Centres Market
28. Middle East Machining Centres Market
29. Africa Machining Centres Market
30. Machining Centres Market Competitive Landscape And Company Profiles
Top Major Players:
- AceMicromatic Group
- Amera-Seiki Corp
- CHIRON Group SE
- DMG Mori Co. Ltd
- Doosan Machine Tools Co. Ltd
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
