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Global Machining Centres Market Size, Share, Research; By Type: Horizontal Machining Center, Vertical Machining Center, Others; By Application: Automotive, Aerospace, Construction and Agriculture, General Engineering (Fluid Power), Oil and Energy, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Machining Centres Market Share
HMCs are demanded in high-production settings, while VMCs are preferred for relatively lesser complex tasks
Horizontal machining centres (HMCs) are equipped with a spindle that is installed parallel to the ground, allowing for efficient machining of large workpieces. HMCs, while relatively expensive, offer several benefits, such as superior coolant and chip control. There is also the presence of a fourth axis rotary table, permitting the operator to use tombstone type fixturing with multiple sides to produce a greater number of parts in one arrangement. These machines are ideal for heavy-duty machining operations and are commonly used in industries such as aerospace, automotive, and construction.
Vertical machining centres (VMCs), on the other hand, are equipped with a spindle that is installed perpendicular to the ground, allowing for efficient machining of smaller workpieces. As per machining centres market analysis, these machines are commonly used to manufacture engineering parts, medical devices, and electronic components. Companies like FANUC offer solutions like ROBODRILL for VMC applications. The modern solution offers better quality and precision at attractive hourly rates.
Distinct uses of machining centres across industrial sectors is likely to boost market growth
Machining centres are extensively used in production of aerospace, medical parts, automotive, power generation, hardware, wood processing, and home appliances. In the automobile industry, they are employed for efficient grinding and drilling of engine parts and for producing dies for body components. A 5-axis machining is extensively employed in CNC machining centres to produce intricate aircraft components, such as engine, landing gear, and structures.
The construction and agriculture sectors also hold substantial machining centres market share as they use machining centres for manufacturing heavy equipment and machinery, such as excavators, bulldozers, and tractors. The fluid power industry, which includes hydraulic and pneumatic systems, also relies heavily on machining centres to produce components. Finally, the oil and energy sector use machining centres for the manufacturing of drill bits, pumps, and valves that are used in drilling and extraction operations.
Machining Centres Market Report Snapshots
Machining Centres Market Growth
Machining Centres Market Trends
Machining Centres Market Share
Machining Centres Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Machining Centres Market Analysis
8.1 Key Industry Highlights
8.2 Global Machining Centres Historical Market (2018-2023)
8.3 Global Machining Centres Market Forecast (2024-2032)
8.4 Global Machining Centres Market by Type
8.4.1 Horizontal Machining Center
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Vertical Machining Center
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Machining Centres Market by Application
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aerospace
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction and Agriculture
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 General Engineering (Fluid Power)
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Oil and Energy
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Machining Centres Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Machining Centres Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Machining Centres Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Machining Centres Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Machining Centres Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Machining Centres Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Egypt
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 8457)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 JTEKT Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 FANUC Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Yamazaki Mazak Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 FFG European and American Holdings GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Makino Milling Machine Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Okuma Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Machining Centres Market: Key Industry Highlights, 2018 and 2032
2. Global Machining Centres Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Machining Centres Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Machining Centres Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Machining Centres Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Machining Centres Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Machining Centres Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Machining Centres Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Machining Centres Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Machining Centres Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Machining Centres Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Machining Centres Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Machining Centres Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Machining Centres Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Machining Centres Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Machining Centres Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Machining Centres Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Machining Centres Market Structure
Key Questions Answered in the Report
In 2023, the machining centres market reached an approximate value of USD 26.05 billion.
The market is expected to grow at a CAGR of 7.44% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 40.18 billion by 2032.
The major drivers of the market include the increasing deployment of machining centres in the oil and gas sector, rising application of the product across the construction industry, and growing expansion of the automotive industry.
Key trends aiding market expansion include the growing research and development activities in the aerospace and defence sector, increasing shift towards automation in various end-use industries, and heightened digitalisation in households.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Horizontal machining centre is expected to lead the market due to the increasing application of product in complex industrial tasks.
Automotive, aerospace, construction and agriculture, fluid power, and oil and energy, among others are the major applications of the product.
Machining centres are important in the automotive industry to manufacture critical car components. In this regard, the automotive industry, due to the rising sale of passenger and commercial vehicles, is a major industry in the market.
Key players in the market are JTEKT Corporation, FANUC Corporation, Yamazaki Mazak Corporation, FFG European and American Holdings GmbH, Makino Milling Machine Co., Ltd., and Okuma Corporation, among others.
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