- July 27, 2020
- Category: Building and Construction, Other Industry Reports
Global Milling Machines Market Size study, by Product Type (Vertical Milling, Horizontal Milling, and Others), Application (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, Transportation Machinery, Precision Engineering, General Machinery, and Others) and Regional Forecasts 2021-2027
Chapter 1.Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion) 1.2.1. Milling Machines Market, by Region, 2019-2027 (USD Billion) 1.2.2. Milling Machines Market, by Product Type, 2019-2027 (USD Billion) 1.2.3. Milling Machines Market, by Application, 2019-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Milling Machines Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Milling Machines Market Dynamics 3.1. Milling Machines Market Impact Analysis (2019-2027) 3.1.1. Market Drivers 22.214.171.124. The increasing demand of customized metal parts 126.96.36.199. Demand for high quality products 3.1.2. Market Challenges 188.8.131.52. Lack of skilled labour 184.108.40.206. High maintenance cost of machines 3.1.3. Market Opportunities 220.127.116.11. High investment in Research & Development 18.104.22.168. Technological advancement Chapter 4. Global Milling Machines Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Milling Machines Market, by Product Type 5.1. Market Snapshot 5.2. Global Milling Machines Market by Product Type, Performance - Potential Analysis 5.3. Global Milling Machines Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion) 5.4. Milling Machines Market, Sub Segment Analysis 5.4.1. Horizontal Mills 5.4.2. Vertical Mills 5.4.3. Others Chapter 6. Global Milling Machines Market, by Application 6.1. Market Snapshot 6.2. Global Milling Machines Market by Application, Performance - Potential Analysis 6.3. Global Milling Machines Market Estimates & Forecasts by Application 2018-2027 (USD Billion) 6.4. Milling Machines Market, Sub Segment Analysis 6.4.1. Automotive 6.4.2. Aerospace & Defense 6.4.3. Construction Equipment 6.4.4. Power & Energy 6.4.5. Industrial 6.4.6. Transportation Machinery 6.4.7. Precision Engineering 6.4.8. General Machinery 6.4.9. Others Chapter 7. Global Milling Machines Market, Regional Analysis 7.1. Milling Machines Market, Regional Market Snapshot 7.2. North America Milling Machines Market 7.2.1. U.S. Milling Machines Market 22.214.171.124. Product Type breakdown estimates & forecasts, 2018-2027 126.96.36.199. Application breakdown estimates & forecasts, 2018-2027 7.2.2. Canada Milling Machines Market 7.3. Europe Milling Machines Market Snapshot 7.3.1. U.K. Milling Machines Market 7.3.2. Germany Milling Machines Market 7.3.3. France Milling Machines Market 7.3.4. Spain Milling Machines Market 7.3.5. Italy Milling Machines Market 7.3.6. Rest of Europe Milling Machines Market 7.4. Asia-Pacific Milling Machines Market Snapshot 7.4.1. China Milling Machines Market 7.4.2. India Milling Machines Market 7.4.3. Japan Milling Machines Market 7.4.4. Australia Milling Machines Market 7.4.5. South Korea Milling Machines Market 7.4.6. Rest of Asia Pacific Milling Machines Market 7.5. Latin America Milling Machines Market Snapshot 7.5.1. Brazil Milling Machines Market 7.5.2. Mexico Milling Machines Market 7.6. Rest of The World Milling Machines Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. AMADA CO., LTD. 188.8.131.52. Key Information 184.108.40.206. Overview 220.127.116.11. Financial (Subject to Data Availability) 18.104.22.168. Product Summary 22.214.171.124. Recent Developments 8.2.2. DATRON Dynamics, Inc. 8.2.3. Okuma Corporation 8.2.4. Amera Seiki 8.2.5. Haas Automation, Inc. 8.2.6. DMG MORI 8.2.7. Shenyang Machine Tool Co., Ltd. (SMTCL) 8.2.8. FANUC CORPORATION 8.2.9. Dalian Machine Tool Group (DMTG) Corporation 8.2.10. Hurco Companies, Inc. Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Milling Machines Market is valued approximately USD 72.40 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2021-2027. Milling machines are designed to cut metal wood and other solid materials. The milling cutter removes the material from the surface of a work piece. Face milling and peripheral milling are two major types of milling processes. The increasing demand of customized metal parts, high quality products and for computer numerical control machines is driving the market of Milling Machines across the forecast period. With the increasing development of various industrial sectors, the demand of various equipment’s required in these industries is also rising. The demand for more efficient and automated machines is increasing as the efficiency of these machineries fuels the growth of the companies. According to a report published in world economic forum, the global engineering and construction sector generates and average revenue of $10 trillion is expected to grow to about $15 trillion by 2025. The global defense spending is expected to grow about 2.8% in 2021, crossing the $2 trillion. However, lack of skilled labour to operate the machines as well as high maintenance cost of these machines can hamper the growth of the market over the upcoming period of 2020-2027. Thus, to overcome these restraints, various companies are investing in the research and development, in order to gain new technological advancements and reduce the high cost of these machineries to increase the market growth during the forecast period.
The regional analysis of global Milling Machines market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Due to the rising adoption of metal cutting processes, Asia Pacific market is dominating the world by holing the largest amount of market share. Whereas, Europe is expected to show highest growth rate over the forecast period 2020-2027. Factors such as increased awareness about the energy efficient production process and economic development of the region would create impacting growth prospects for the Milling Machines market across European region.
Major market player included in this report are:
AMADA CO., LTD.
DATRON Dynamics, Inc.
Haas Automation, Inc.
Shenyang Machine Tool Co., Ltd. (SMTCL)
Dalian Machine Tool Group (DMTG) Corporation
Hurco Companies, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Aerospace & Defense
Power & Energy
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Milling Machines Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers