5-Axis CNC Machining Centers Market by End-user, Product, and Geography - Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 174 SKU: IRTNTR70113

5-Axis CNC Machining Centers Market Analysis Report 2023-2027:

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.

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

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Technavio’s Exclusive 5-Axis CNC Machining Centers Market Customer Landscape

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

Key Drivers, Trends, and Challenges

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.    

Key  Driver

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.

Key Trends

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.

Key Challenge

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.

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

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:

  • 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.

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.  

5-Axis CNC Machining Centers Market Segmentation by End-User, Product, and Geography 

End-User Segment 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. 

Product segment analysis:

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.

Regional Analysis

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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. 

COVID Recovery Analysis:

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.

Segment Overview

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. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Automotive
    • Aerospace
    • Metal fabrication
    • Others
  • Product Outlook (USD Million, 2017 - 2027)
    • Vertical 5-axis CNC machining centers
    • Horizontal 5-axis CNC machining centers
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chili 
      • Brazil
      • Argentina 

5-Axis CNC Machining Centers Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.92%

Market growth 2023-2027

USD 728.42 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.45

Regional analysis

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

Performing market contribution

APAC at 41%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the 5-axis CNC Machining Centers Market  between 2023 and 2027
  • Precise estimation of the size of the 5-axis CNC machining centers market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and the 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 5-axis CNC machining centers market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global 5-axis CNC machining centers market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global 5-axis cnc machining centers market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.4 Aerospace - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
    • 6.5 Metal fabrication - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Metal fabrication - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Metal fabrication - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Metal fabrication - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Metal fabrication - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 50: Market opportunity by End-user ($ million)
      • Exhibit 51: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 52: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 54: Chart on Comparison by Product
      • Exhibit 55: Data Table on Comparison by Product
    • 7.3 Vertical 5-axis CNC machining centers - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Vertical 5-axis CNC machining centers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Vertical 5-axis CNC machining centers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Vertical 5-axis CNC machining centers - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Vertical 5-axis CNC machining centers - Year-over-year growth 2022-2027 (%)
    • 7.4 Horizontal 5-axis CNC machining centers - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Horizontal 5-axis CNC machining centers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Horizontal 5-axis CNC machining centers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Horizontal 5-axis CNC machining centers - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Horizontal 5-axis CNC machining centers - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 64: Market opportunity by Product ($ million)
      • Exhibit 65: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 DMG MORI Co. Ltd.
              • Exhibit 119: DMG MORI Co. Ltd. - Overview
              • Exhibit 120: DMG MORI Co. Ltd. - Business segments
              • Exhibit 121: DMG MORI Co. Ltd. - Key offerings
              • Exhibit 122: DMG MORI Co. Ltd. - Segment focus
            • 12.4 Doosan Corp.
              • Exhibit 123: Doosan Corp. - Overview
              • Exhibit 124: Doosan Corp. - Business segments
              • Exhibit 125: Doosan Corp. - Key offerings
              • Exhibit 126: Doosan Corp. - Segment focus
            • 12.5 FANUC Corp.
              • Exhibit 127: FANUC Corp. - Overview
              • Exhibit 128: FANUC Corp. - Product / Service
              • Exhibit 129: FANUC Corp. - Key offerings
            • 12.6 Gebr. Heller Maschinenfabrik GmbH
              • Exhibit 130: Gebr. Heller Maschinenfabrik GmbH - Overview
              • Exhibit 131: Gebr. Heller Maschinenfabrik GmbH - Product / Service
              • Exhibit 132: Gebr. Heller Maschinenfabrik GmbH - Key offerings
            • 12.7 GROB WERKE GmbH and Co. KG
              • Exhibit 133: GROB WERKE GmbH and Co. KG - Overview
              • Exhibit 134: GROB WERKE GmbH and Co. KG - Product / Service
              • Exhibit 135: GROB WERKE GmbH and Co. KG - Key offerings
            • 12.8 Haas Automation Inc.
              • Exhibit 136: Haas Automation Inc. - Overview
              • Exhibit 137: Haas Automation Inc. - Product / Service
              • Exhibit 138: Haas Automation Inc. - Key offerings
            • 12.9 Hurco Companies Inc.
              • Exhibit 139: Hurco Companies Inc. - Overview
              • Exhibit 140: Hurco Companies Inc. - Product / Service
              • Exhibit 141: Hurco Companies Inc. - Key offerings
            • 12.10 JTEKT Corp.
              • Exhibit 142: JTEKT Corp. - Overview
              • Exhibit 143: JTEKT Corp. - Product / Service
              • Exhibit 144: JTEKT Corp. - Key offerings
            • 12.11 Jyoti CNC Automation Ltd.
              • Exhibit 145: Jyoti CNC Automation Ltd. - Overview
              • Exhibit 146: Jyoti CNC Automation Ltd. - Product / Service
              • Exhibit 147: Jyoti CNC Automation Ltd. - Key offerings
            • 12.12 Makino Inc.
              • Exhibit 148: Makino Inc. - Overview
              • Exhibit 149: Makino Inc. - Business segments
              • Exhibit 150: Makino Inc. - Key offerings
              • Exhibit 151: Makino Inc. - Segment focus
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 152: Mitsubishi Electric Corp. - Overview
              • Exhibit 153: Mitsubishi Electric Corp. - Business segments
              • Exhibit 154: Mitsubishi Electric Corp. - Key news
              • Exhibit 155: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 156: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Okuma Corp.
              • Exhibit 157: Okuma Corp. - Overview
              • Exhibit 158: Okuma Corp. - Business segments
              • Exhibit 159: Okuma Corp. - Key offerings
              • Exhibit 160: Okuma Corp. - Segment focus
            • 12.15 SCM GROUP Spa
              • Exhibit 161: SCM GROUP Spa - Overview
              • Exhibit 162: SCM GROUP Spa - Product / Service
              • Exhibit 163: SCM GROUP Spa - Key offerings
            • 12.16 Siemens AG
              • Exhibit 164: Siemens AG - Overview
              • Exhibit 165: Siemens AG - Business segments
              • Exhibit 166: Siemens AG - Key news
              • Exhibit 167: Siemens AG - Key offerings
              • Exhibit 168: Siemens AG - Segment focus
            • 12.17 Yamazaki Mazak Corp.
              • Exhibit 169: Yamazaki Mazak Corp. - Overview
              • Exhibit 170: Yamazaki Mazak Corp. - Product / Service
              • Exhibit 171: Yamazaki Mazak Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • 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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