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

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70113
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The 5-axis CNC machining centers market size has the potential to grow by USD 627.30 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.75%. 

This report provides a detailed analysis of the market by product (vertical 5-axis CNC machining centers and horizontal 5-axis CNC machining centers), end-user (automotive, aerospace, metal fabrication, and others), geography (APAC, North America, Europe, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

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.

 

The 5-axis CNC machining centers market is fragmented and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as amplified requirement for multi-disciplinary machines to achieve growth opportunities. However, factors such as highly capital-intensive market will challenge the growth of the market participants. 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.

Download a free sample of the 5-axis CNC machining centers market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This 5-axis CNC machining centers market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

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

  • The increasing requirement for multi-disciplinary machines across the globe will drive the growth prospects for the global 5-axis CNC machining centers market.
  • The market is witnessing a huge shift from traditional machines toward the 5-axis computer numeric control (CNC) machining centers that combine all the operations in a single machine to increase productivity and reduce the processing time.
  • External threading, threading, internal threading, parting off, and external grooving are some of the other multiple functions that can be performed by the same machine without changing the workpiece. 
  • The turning tools in these multi-function machines are used in the same way as in a normal turning center, which will again, fuel the transition from traditional machines in the next few years.
  • 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 of cost 
  • The growing customer demand for high-quality products has resulted in companies across industries adopting automation in their manufacturing operations.
  • Businesses and investors across the world are investing in process automation. 
  • 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. 
  • The rise in need for technologically advanced 5-axis CNC machines is one of the key trends driving the growth of the market during the forecast period.

 

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5-Axis CNC Machining Centers Market: Segmentation by Geography

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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 in APAC. Market growth in this region will be faster than the growth of the market in other regions.

 Rapid industrial development is one of the prime factors that will facilitate the 5-axis CNC machining centers market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

5-Axis CNC Machining Centers Market: Segmentation by Product

5-Axis-CNC-Machining-Centers-Market-Market-Share-by-Product-2020-2025

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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.

However, the post COVID-19 impact has brought forth a slowdown in the growth of the segment in terms of operations and product. Fetch actionable market insights on post COVID-19 impact on each segment. 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.

 

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5-Axis CNC Machining Centers Market: Key Highlights of the Report for 2021-2025

  • 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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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 6%

Market growth 2021-2025

$ 627.30 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

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 future consumer dynamics, market condition analysis for 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Vertical 5-axis CNC machining centers - Market size and forecast 2020-2025
    • Horizontal 5-axis CNC machining centers - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Aerospace - Market size and forecast 2020-2025
    • Metal fabrication - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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
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      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The 5-axis cnc machining centers market growth will increase by $627.30 million during 2020-2025.
      The 5-axis cnc machining centers market is expected to grow at a CAGR of 5.75% during 2020-2025.
      Technavio has segmented the 5-axis cnc machining centers market by product (Vertical 5-axis CNC machining centers and Horizontal 5-axis CNC machining centers) ,end user (Automotive, Aerospace, Metal fabrication, and Others) , and geographic (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.
      APAC will register the highest growth rate of 41.08% among the other regions. Therefore, the 5-axis cnc machining centers 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 growth are:
      • Amplified requirement for multi-disciplinary machines
      The 5-axis cnc machining centers 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.
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