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The infographic below contains key findings from our analysis of the CNC horizontal machining centres market
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Technavio’s market research analyst predicts the global computer numeric control (CNC) horizontal machining centres market to grow steadily at a CAGR of around 7% by 2021. One of the primary drivers for this market is the growing demand for turn-cut operation. Several advanced horizontal machining centers can perform turn-cut operations that are difficult to accomplish using a vertical machining center. Turn-Cut is an operation that allows the workpiece to remain stationary on a tombstone while the spindle helps in turning the object, making few operations such as threading and ID/OD cutting more flexible. Consequently, by using CNC horizontal machining centers, additional investment in special tooling, chuck, and fixtures can be avoided. Also, in horizontal machining centers, the workpiece is not required to move to a lathe section separately to perform turning operations, thereby reducing less part movement, operator intervention, and quality issues. These of the turn-cut operation is expected to propel the growth of the global CNC horizontal machining centers market during the forecast period.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The rapid industrial development in countries like China, India, South Korea, Indonesia, and Taiwan is the key to the growth of the CNC horizontal machining centers market in the region. Moreover, the automotive industry in APAC, particularly in China, Japan, South Korea, and India, is undergoing expansion in terms of new and existing facilities. This is expected to augment growth in the CNC horizontal machining centres market in the region during the next four years.
The global CNC horizontal machining centers market is moderately concentrated and is characterized by a mix of global and regional vendors. In the present market scenario, vendors are constantly trying to invest in technologies to develop innovative, energy-efficient, and advanced CNC solutions that can be used in end-user industries. Among the established vendors, pricing is expected to be the key competitive strategy to capture market shares.
Leading vendors in the market are –
Other prominent vendors in the CNC horizontal machining centers market include Yamazaki Mazak, CMS North America, Jyoti CNC Automation, KRUDO Industrial, Komatsu NTC, and Mitsubishi Electric.
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During 2016, the less than 5-axis horizontal machining centers segment dominated the CNC horizontal machining centers market and accounted for a major part of the overall market share. The dominance of this segment in the global market can be attributed to the less price of these machines and a wide variety of industrial application. As a result, most SMEs with stringent financial boundaries prefer this type of machining centers to meet their needs.
In this market study, analysts have estimated the automotive industry to dominate the CNC horizontal machining centers market during the forecast period. The high rate of adoption of CNC machines in the automotive industry is the major factor driving the growth of the CNC horizontal machining centers market in the automotive industry. Also, the plants where vertical CNC machining centers already exist are likely to adopt horizontal machining centers for achieving greater productivity.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: cnc cutting, machine tools, industrial automation, automation industry, automation industry size, automation industry outlook,
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