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The 5-Axis CNC Machining Centers Market size is estimated to grow at a CAGR of 5.92% between 2022 and 2027, and the size of the market is forecast to increase by USD 728.42 million. The growth of the market depends on several factors such as the growing use of self-optimized machine cutting, the amplified requirement for multi-disciplinary machines, and the rise in the need for technologically advanced 5-axis CNC machines.
This report extensively covers market segmentation by end-user (automotive, aerospace, metal fabrication, and others), product (vertical 5-axis CNC machining centers and horizontal 5-axis CNC machining centers), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global 5-Axis CNC Machining Centers Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The self-optimized machine cutting is driving growth in a 5-axis CNC machining centers market. The cutting process primarily consists of 5-axis milling and gun drilling processes and operations. The rising self-optimization capability of these processes in 5-axis CNC machines is likely to increase the production efficiency of the cutting process along with a reduction in cost. The growing customer demand for high-quality products has resulted in companies across industries adopting automation in their manufacturing operations.
The adoption of automation in a company's production or fabrication processes results in reduced operational costs and increases its competitive edge. Increasing productivity is one of the most important benefits of automation. Process automation has a favorable effect on resource regulation and loss management in addition to an increase in profit margins. Less human intervention and greater productivity of machine tools will be achieved by the increased use of automation in the manufacturing sector. With the growing demand for automated machinery, the demand for 5-axis CNC machining will also increase during the forecast period.
The reduction of changeover time for 5-axis CNC machines is a primary trend in a 5-axis CNC machining central market. The changeover time is the interval between the clean and setup operations till the next workpiece is initiated. Since idle time has a negative impact on productivity, it has become essential to reduce the changeover times. At present, the 5-axis CNC machines have started working on reducing this changeover time to increase productivity, resulting in higher demand for these machines.
In order to reduce idle time, a second piece of work may be set up in another working area when the CNC machine is running an operation on one workpiece. Autoassigning working areas Autoassigning working areas will align the tools with the next to-be-operated workpieces. The method is primarily based on automatic suction systems, which provide accurate positioning of vacuum instruments. Therefore, it is expected that industries will adopt 5-axis CNC machines with reduced changeover time during the forecast period to improve their overall productivity.
The highly capital-intensive market is a major challenge faced by the 5-axis CNC machining central market. The market for machine tools is capital intensive, and the profitability of this market is highly dependent upon raw material prices such as iron, steel, aluminum, and copper. Approximately 48% of the total production costs are expected to be attributed to these raw materials. Fluctuations in raw material prices have a negative impact on manufacturers due to frequent changes in pricing strategy.
In addition to the above factor, training the workforce and hiring consultants also involve heavy costs for the company. Hence, the consolidation of all these costs results 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 and D. However, the adoption of 6-axis CNC is likely to capture the 5-axis CNC market share in the future, which will hinder the growth of the market in focus during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
DMG MORI Co. Ltd. - The company offers 5 Axis CNC machining centers such as CMX 50U and CMX70U.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The automotive segment will account for a major share of the market's growth during the forecast period. The global automotive industry is undergoing constant changes in terms of the regulatory framework, technological advances, and customer requirements. Customer preferences toward vehicle sophistication with efficient engines are driving the induction of new technologies in the industry.
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The automotive segment was valued at USD 779.16.61 million in 2017 and continued to grow until 2021. The automotive industry is rapidly moving forward, with intense competition in the global 5-axis CNC machining centers market. A majority of the manufacturers in the automotive industry have realized the benefits of deploying 5-axis CNC systems to enhance their productivity and the quality of products. CNC systems used in the automotive industry can help to incorporate a high level of precision and ensure that the process is cost-effective for manufacturers, and 5-axis CNC machines rightly meet this purpose.
The vertical 5-axis CNC machining center employs a spindle with a vertical orientation, which moves with gravity and permits the removal of materials at the top of the workpiece. It carries a pallet changer, which can improve productivity by reducing cycles and loading times. In addition, the simplicity of its CNC programming system makes it very popular. The term 5-axis CNC vertical machining center primarily indicates the number of directions in which the cutting tool of a machining center or the job (workpiece) can move.
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APAC is estimated to contribute 41% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
Currently, APAC is a major hub of manufacturing activities for many industries, including the key end-user industries of 5-axis CNC machining centers. The growing population in the region has fueled the demand for several consumables and other commodities, which has encouraged manufacturers to increase their production capacities through the extension of existing manufacturing facilities or the construction of new ones with advanced machinery.
In 2020, the market in focus experienced slow growth due to the outbreak of COVID-19. Countries such as India and China were severely affected by the pandemic. However, in 2021, to overcome the losses incurred during the pandemic, many companies did cut down costs by lowering the number of employees. After the pandemic, most of the markets in the industrial machinery industry recovered rapidly. This is because the temporary closure and redundancies are having a positive effect on the local five-axis CNC machining center market that helps to recover, as it increases demand for labor during recovery. Therefore, demand for fifth-axis CNC machining centers in the region has increased due to the resumption of operations at production facilities. This droves the demand for 5-axis CNC machining centers in the region. Therefore, the growth of the 5-axis CNC machining centers market in the region is anticipated to increase the market share during the forecast period.
The 5-axis CNC machining centers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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5-Axis CNC Machining Centers Market Scope |
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Report Coverage |
Details |
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Page number |
174 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.92% |
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Market growth 2023-2027 |
USD 728.42 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.45 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Siemens AG, Starrag Group, Yamazaki Mazak Corp., and JTEKT Corp. |
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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. |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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