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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Milling Machine Market Size
The global milling machine market attained a value of USD 84.26 billion in 2023. The milling machine market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.2% to reach USD 157.02 billion by 2032. The Asia Pacific is the fastest-growing market for the product.
Milling Machine Market Report Snapshots
Milling Machine Market 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.*
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Key Questions Answered in the Report
In 2023, the global milling machine market attained a value of nearly USD 84.26 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 157.02 billion by 2032.
The major drivers aiding the market growth are the increasing consumer awareness regarding quality products, advancements in metal cutting applications, increasing construction activities, growing urbanisation, and the development of advanced technologies.
The key market trend guiding the growth of the market include the growing adoption of computer numerical control (CNC) machines and automation.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major mechanisms of milling machine considered in the market report include fraction rice milling machine and grind rice milling machine.
The various direction segments of milling machine considered in the market report are vertical type mill rollers and horizontal mill rollers.
The significant end uses of milling machines are automotive, aerospace and defence, construction equipment, power and energy, and industrial, among others.
The major players in the market are Amada Co., Ltd., DATRON Dynamics, Inc., DMG MORI, FANUC UK Limited, Okuma Corporation, Amera Seiki, Haas Automation, Inc., Shenyang Machine Tool Co., Ltd., Hurco Companies, Inc., Dalian Machine Tool Group (Dmtg) Corporation, and Yamazaki Mazak Corporation, among others.
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