Enjoy complimentary customisation on priority with our Enterprise License!
Below are some of the key findings from the global machining centers market analysis
Want a bigger picture? Get a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Technavio’s market research analysts have predicted that the global machining centers market will grow steadily during the forecast period and will post a CAGR of more than 5% by 2020. This industry research report identifies the growing demand for fabricated metal products to be one of the major factors that will have a positive impact on the growth of the global machining centers market in the coming years. The US has been the major manufacturer and exporter of fabricated metal products and the recent years have witnessed an increase in demand for US-manufactured fabricated metal products in several countries around the globe especially, Mexico, Canada, and China. This will subsequently lead to an increase in the production of fabricated metals in the country, which, in turn, leads to a rising demand for machine tools. Apart from the US, the other major countries involved in the manufacture of fabricated metal products are Germany and Japan.
The demand for high-quality products across the globe will induce companies to incorporate automation into their manufacturing processes. SMEs around the world are the major users of machine components such as computer numerical control (CNC). The adoption of computer-aided designing (CAD) and computer-aided manufacturing (CAM) to design NC and CNC machine components results in an extremely accurate machine that can operate effectively and efficiently. Additionally, automation also enhances the quality of the end product, reduces the time and human effort, reduces operational costs and also has a positive impact on resource regulation and loss control. As a result, the automation in the production of the fabricated and high-quality product will be one of the major trends that will gain traction in the machining centers market in the next four years.
The global machining centers market is characterized by the presence of several vendors and appears to be fragmented. The competition among vendors are intense. In addition to international vendors, the market is also marked by the presence of several regional and local vendors who manufacture and provide customized and energy-efficient equipment at a comparatively lower price and pose a tough competition to their international counterparts. Though the entry barriers in the market are low, the new vendors find it difficult to compete with the international machining centre manufacturers in terms of product quality, features, functionalities, and services. With the introduction of products with new features and technologies, the level of competition among vendors is likely to intensify in the coming years.
The leading vendors in the market are -
The other prominent vendors in the market are Allied Machine & Engineering, Amada, AMERASEIKI, BYJC-OKUMA (Beijing) Machine Tools, Doosan, Doosan Infracore, ENSHU, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, Heller, HMT, HURCO, Hyundai WIA, Jiuh-Yeh Precision Machinery (MillStar), JTEKT, Kennametal, KIWA Japan, Komatsu, Maco, Makino Milling Machine, Matsuura, Micromatic, OKK, Sandvik, SISTER-CNC, SNK, Tongtai Machine & Tools, Toshiba Machine, Toyoda, Yama Seiki, and YCM.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial
According to this market research and analysis, the automotive industry accounted for more than 41% of the total market shares and dominated the industry during 2015. This industry uses machining centers in various metal processing operations like cutting, drilling, and surface cleaning of the metal sheets used in the fabrication of automotive parts. The expected growth of the automotive industry all over the world, especially in the emerging markets will bolster the market’s growth prospects in the coming years.
This market study predicts that in terms of geographical regions, APAC will dominate the industry throughout the next four years and also estimates this region to account for almost 42% of the total market shares by 2020. This dominance mainly attributes to the exponential increase in investments in the major end-user segments especially, the automotive industry. Analysts estimate the market to grow at a CAGR of more than 6% in this region during the next four years.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. You may change your settings based on a legitimate interest at any time, by selecting “Manage Settings” on our site. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.