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5-Axis CNC Machining Centers Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 153
  • SKU: IRTNTR70113
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The 5-axis cnc machining centers market share 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%.

This 5-axis cnc machining centers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 5-axis cnc machining centers market segmentations by product (vertical 5-axis CNC machining centers and horizontal 5-axis CNC machining centers), end user (automotive, aerospace, metal fabrication, and and others), and geography (APAC, North America, Europe, South America, and MEA). The 5-axis cnc machining centers market report also offers information on several market vendors, including FANUC Corp., Haas Automation Inc., Hurco Companies Inc., Jyoti CNC Automation Ltd., Makino Milling Machine Co. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Siemens AG, and Yamazaki Mazak Corp. among others.

What will the 5-Axis CNC Machining Centers Market Size be During the Forecast Period?

5-Axis CNC Machining Centers Market Size

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5-Axis CNC Machining Centers Market: Key Drivers, Trends, and Challenges

The self-optimized machine cutting is notably driving the 5-axis cnc machining centers market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 5-axis cnc machining centers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 5-Axis CNC Machining Centers Market Driver

Self-optimized machine cutting is a major factor driving the global 5-axis CNC machining centers market share growth. The growing customer demand for high-quality products has resulted in companies across industries adopting automation in their manufacturing operations. As a result, businesses and investors across the world are investing in process automation. This investment growth will be focused on technology, software, hardware, the communication protocol used for automation, and related services. The new machines use programmed commands and computers to ensure increased productivity. In addition, the use of computer-aided design (CAD) and computer-aided manufacturing (CAM) software to design 5-axis CNC machining components results in machines that ensure high accuracy. Apart from enhancing the quality of the product, 5-axis CNC machining centers also reduce the time and human effort. Therefore, the adoption of automation in a company's production or fabrication processes results in reduced operational costs and increases its competitive edge. With the growing demand for automated machinery, the demand for 5-axis CNC machining will also increase during the forecast period.

Key 5-Axis CNC Machining Centers Market Trend

The cloud-based CNC systems is another factor supporting the global 5-axis CNC machining centers market share growth. The evolution of industry 4.0 and IIoT have given rise to the demand for cloud-based computing to manage huge amounts of data in a cost-effective manner. Therefore, it is expected that CNCs, being essential machine tool devices, will incorporate cloud-based systems. The 5-axis CNC machining centers market is constantly undergoing a transformation to incorporate new and advanced technologies into the device. Consequently, cloud-based control is likely to empower users to remotely operate these machines using smartphones and other mobile devices. Industries are increasingly using smart devices to connect remotely with CNC systems, allowing users to monitor and control operations in real-time. Manufacturers are progressively implementing such cloud-controlled CNC systems, which can enable them to reduce downtimes and improve productivity at the workplace. The cloud-based CNCs back up the machine tool information in a secure and remote location, which can be accessed at any time and from anywhere by the user. Due to such reasons, it is estimated that the demand for the market will continue to grow during the forecast period.

Key 5-Axis CNC Machining Centers Market Challenge

The highly capital-intensive market will be a major challenge for the global 5-axis cnc machining centers market share growth during the forecast period. The machine tools market is capital intensive, and the profitability of this market is highly correlated to the prices of raw materials, such as iron, steel, aluminum, brass, and copper. It is estimated that these raw materials approximately account for 48% of the overall manufacturing cost. Fluctuations in raw material price have a negative impact on manufacturers due to the frequent changes in pricing strategy. In addition to the above factor, training the workforce and hiring consultants also involve heavy costs for the company. Essentially, the consolidation of all these costs result in higher manufacturing costs. Similarly, frequent obsolescence, which leads to the adoption of new technology, keeps the overall manufacturing cost high due to rising demand for R&D. Such obstacles, when combined together, will pose a challenge for the growth of the market.

This 5-axis cnc machining centers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global 5-axis CNC machining centers market as part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 5-axis cnc machining centers market during the forecast period.

Who are the Major 5-Axis CNC Machining Centers Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • FANUC Corp.
  • Haas Automation Inc.
  • Hurco Companies Inc.
  • Jyoti CNC Automation Ltd.
  • Makino Milling Machine Co. Ltd.
  • Mitsubishi Electric Corp.
  • Okuma Corp.
  • SCM GROUP Spa
  • Siemens AG
  • Yamazaki Mazak Corp.

 

This statistical study of the 5-axis cnc machining centers market encompasses successful business strategies deployed by the key vendors. The 5-axis cnc machining centers market is fragmented and the vendors are deploying growth strategies such as research and development to compete in the market.

Product Insights and News

  • FANUC Corp.- The company offers 5-axis CNC machining centers for any CAD/CAM generated toolpath on any machine with at least 1 rotary or orientation axis.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The 5-axis cnc machining centers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

5-Axis CNC Machining Centers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 5-axis cnc machining centers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for 5-Axis CNC Machining Centers Market?

5-Axis CNC Machining Centers Market Market segmentation by region

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41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for 5-axis cnc machining centers market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

Rapid industrial development will facilitate the 5-axis cnc machining centers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the market in focus experienced slow growth due to the outbreak of COVID-19. Countries such as India and China have been severely affected by the pandemic. Governments of most countries in APAC have introduced emergency legislation that imposes restrictions on industrial activities and business or personal travel and transportation, thereby disrupting the supply chain. This will hinder the demand for 5-axis CNC machining centers in the region during the forecast period. However, once the situation is under control, the market in focus will grow. To overcome the losses incurred during the pandemic, many companies have cut down costs by lowering the number of employees. Furthermore, to sustain and compete in the market, vendors are entering into strategic partnerships.

What are the Revenue-generating Product Segments in the 5-Axis CNC Machining Centers Market?

5-Axis CNC Machining Centers Market Segmentation

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The 5-axis cnc machining centers market share growth by the vertical 5-axis CNC machining centers segment will be significant during the forecast period. Factors responsible for the market segment's growth is the presence of a pallet changer in the vertical 5-axis CNC machining center that enhances productivity by reducing the cycle and load time. However, the market segment will record a slow growth rate.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in the demand for the 5-axis CNC machining centers. The outbreak of COVID-19 had a negative impact on the growth of the market. The strict lockdown imposed across many countries due to the outbreak of COVID-19 has led to a slowdown in transport, trade, and economic activities across the world. The lockdown imposed across countries has slowed down industrial activities, which has reduced the demand for industrial products. Travel restrictions to contain the spread of the infection were imposed in the first half of 2020 across the world. Owing to this, all manufacturing companies in the world have slowed down their operations. Furthermore, the supply disruption caused by the imposition of lockdowns has hindered the manufacturing operations of vendors. This report provides an accurate prediction of the contribution of all the segments to the growth of the 5-axis cnc machining centers market size and actionable market insights on post COVID-19 impact on each segment.

 

5-Axis CNC Machining Centers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.75%

Market growth 2021-2025

$ 627.3 million

Market structure

Fragmented

YoY growth (%)

1.93

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

US, China, Germany, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

FANUC Corp., Haas Automation Inc., Hurco Companies Inc., Jyoti CNC Automation Ltd., Makino Milling Machine Co. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Siemens AG, 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, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this 5-Axis CNC Machining Centers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive 5-axis cnc machining centers market growth during the next five years
  • Precise estimation of the 5-axis cnc machining centers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the 5-axis cnc machining centers industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of 5-axis cnc machining centers market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Vertical 5-axis CNC machining centers - Market size and forecast 2020-2025
      • Exhibit 17: Vertical 5-axis CNC machining centers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Vertical 5-axis CNC machining centers - Year-over-year growth 2020-2025 (%)
    • 5.4 Horizontal 5-axis CNC machining centers - Market size and forecast 2020-2025
      • Exhibit 19: Horizontal 5-axis CNC machining centers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Horizontal 5-axis CNC machining centers - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • 6.2 Comparison by End-user
        • 6.3 Automotive - Market size and forecast 2020-2025
          • Exhibit 24: Automotive - Market size and forecast 2020-2025 ($ million)
          • Exhibit 25: Automotive - Year-over-year growth 2020-2025 (%)
        • 6.4 Aerospace - Market size and forecast 2020-2025
          • Exhibit 26: Aerospace - Market size and forecast 2020-2025 ($ million)
          • Exhibit 27: Aerospace - Year-over-year growth 2020-2025 (%)
        • 6.5 Metal fabrication - Market size and forecast 2020-2025
          • Exhibit 28: Metal fabrication - Market size and forecast 2020-2025 ($ million)
          • Exhibit 29: Metal fabrication - Year-over-year growth 2020-2025 (%)
        • 6.6 Others - Market size and forecast 2020-2025
          • Exhibit 30: Others - Market size and forecast 2020-2025 ($ million)
          • Exhibit 31: Others - Year-over-year growth 2020-2025 (%)
        • 6.7 Market opportunity by End-user
          • Exhibit 32: Market opportunity by End-user

        7 Customer landscape

        8 Geographic Landscape

        • 8.1 Geographic segmentation
          • Exhibit 34: Market share by geography 2020-2025 (%)
        • 8.2 Geographic comparison
          • Exhibit 35: Geographic comparison
        • 8.3 APAC - Market size and forecast 2020-2025
          • Exhibit 36: APAC - Market size and forecast 2020-2025 ($ million)
          • Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)
        • 8.4 North America - Market size and forecast 2020-2025
          • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
          • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
        • 8.5 Europe - Market size and forecast 2020-2025
          • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
          • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
        • 8.6 South America - Market size and forecast 2020-2025
          • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
          • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
        • 8.7 MEA - Market size and forecast 2020-2025
          • 8.8 Key leading countries
            • Exhibit 46: Key leading countries
          • 8.9 Market opportunity by geography
            • Exhibit 47: Market opportunity by geography ($ million)

          9 Drivers, Challenges, and Trends

          • 9.1 Market drivers
            • 9.2 Market challenges
              • Exhibit 48: Impact of drivers and challenges
            • 9.3 Market trends

              10 Vendor Landscape

              • 10.1 Competitive scenario
                • 10.2 Vendor landscape
                  • Exhibit 49: Vendor landscape
                • 10.3 Landscape disruption
                  • Exhibit 50: Landscape disruption
                  • Exhibit 51: Industry risks

                11 Vendor Analysis

                • 11.1 Vendors covered
                  • Exhibit 52: Vendors covered
                • 11.2 Market positioning of vendors
                  • Exhibit 53: Market positioning of vendors
                • 11.3 FANUC Corp.
                  • Exhibit 54: FANUC Corp. - Overview
                  • Exhibit 55: FANUC Corp. - Business segments
                  • Exhibit 56: FANUC Corp. - Key news
                  • Exhibit 57: FANUC Corp. - Key offerings
                • 11.4 Haas Automation Inc.
                  • Exhibit 58: Haas Automation Inc. - Overview
                  • Exhibit 59: Haas Automation Inc. - Product and service
                  • Exhibit 60: Haas Automation Inc. - Key offerings
                • 11.5 Hurco Companies Inc.
                  • Exhibit 61: Hurco Companies Inc. - Overview
                  • Exhibit 62: Hurco Companies Inc. - Product and service
                  • Exhibit 63: Hurco Companies Inc.- Key news
                  • Exhibit 64: Hurco Companies Inc. - Key offerings
                • 11.6 Jyoti CNC Automation Ltd.
                  • Exhibit 65: Jyoti CNC Automation Ltd. - Overview
                  • Exhibit 66: Jyoti CNC Automation Ltd. - Product and service
                  • Exhibit 67: Jyoti CNC Automation Ltd. - Key news
                  • Exhibit 68: Jyoti CNC Automation Ltd. - Key offerings
                • 11.7 Makino Milling Machine Co. Ltd.
                  • Exhibit 69: Makino Milling Machine Co. Ltd. - Overview
                  • Exhibit 70: Makino Milling Machine Co. Ltd. - Business segments
                  • Exhibit 71: Makino Milling Machine Co. Ltd. - Key news
                  • Exhibit 72: Makino Milling Machine Co. Ltd. - Key offerings
                  • Exhibit 73: Makino Milling Machine Co. Ltd. - Segment focus
                • 11.8 Mitsubishi Electric Corp.
                  • Exhibit 74: Mitsubishi Electric Corp. - Overview
                  • Exhibit 75: Mitsubishi Electric Corp. - Business segments
                  • Exhibit 76: Mitsubishi Electric Corp. - Key news
                  • Exhibit 77: Mitsubishi Electric Corp. - Key offerings
                  • Exhibit 78: Mitsubishi Electric Corp. - Segment focus
                • 11.9 Okuma Corp.
                  • Exhibit 79: Okuma Corp. - Overview
                  • Exhibit 80: Okuma Corp. - Business segments
                  • Exhibit 81: Okuma Corp. - Key news
                  • Exhibit 82: Okuma Corp. - Key offerings
                  • Exhibit 83: Okuma Corp. - Segment focus
                • 11.10 SCM GROUP Spa
                  • Exhibit 84: SCM GROUP Spa - Overview
                  • Exhibit 85: SCM GROUP Spa - Product and service
                  • Exhibit 86: SCM GROUP Spa. - Key news
                  • Exhibit 87: SCM GROUP Spa - Key offerings
                • 11.11 Siemens AG
                  • Exhibit 88: Siemens AG - Overview
                  • Exhibit 89: Siemens AG - Business segments
                  • Exhibit 90: Siemens AG. - Key news
                  • Exhibit 91: Siemens AG - Key offerings
                  • Exhibit 92: Siemens AG - Segment focus
                • 11.12 Yamazaki Mazak Corp.
                  • Exhibit 93: Yamazaki Mazak Corp. - Overview
                  • Exhibit 94: Yamazaki Mazak Corp. - Product and service
                  • Exhibit 95: Yamazaki Mazak Corp. - Key news
                  • Exhibit 96: Yamazaki Mazak Corp. - Key offerings

                12 Appendix

                • 12.1 Scope of the report
                  • 12.2 Currency conversion rates for US$
                    • Exhibit 97: Currency conversion rates for US$
                  • 12.3 Research methodology
                    • Exhibit 98: Research Methodology
                    • Exhibit 99: Validation techniques employed for market sizing
                    • Exhibit 100: Information sources
                  • 12.4 List of abbreviations
                    • Exhibit 101: List of abbreviations

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  5-Axis CNC Machining Centers Market market growth will increase by $627.3 mn during 2021-2025.
                  The 5-axis cnc machining centers market market is expected to grow at a CAGR of 5.75% during 2021-2025.
                  Technavio has segmented the 5-axis cnc machining centers market market by product (vertical 5-axis CNC machining centers and horizontal 5-axis CNC machining centers) ,end-user (automotive, aerospace, metal fabrication, and and others) , and geography (APAC, North America, Europe, South America, and MEA).
                  FANUC Corp., Haas Automation Inc., Hurco Companies Inc., Jyoti CNC Automation Ltd., Makino Milling Machine Co. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Siemens AG, Yamazaki Mazak Corp. are a few of the key vendors in the 5-axis cnc machining centers market market.
                  APAC will register the highest growth rate of 41% among the other regions. Therefore, the 5-axis cnc machining centers market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the 5-axis cnc machining centers market market growth are:
                  • self-optimized machine cutting
                  • cloud-based CNC systems
                  The 5-axis cnc machining centers market market vendors should focus on grabbing business opportunities from the vertical 5-axis cnc machining centers segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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