CNC Vertical Machining Centers Market Size to Grow by USD 1,130.34 Million at a CAGR of 5.37% from 2022 to 2027

NEW YORK, March 8, 2023 /PRNewswire/ -- The CNC vertical machining centers market is projected to increase at a CAGR of 5.37% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 1,130.34 million. The rising demand for CNC-incorporated machine tools, the growing popularity of fabricated products, and the development of advanced manufacturing processes in the industrial machinery sector are projected as some key factors leading to the CNC vertical machining centers market share growth.

For more such market analysis updates, historic (2017 to 2021), and forecast market size (2023 to 2027), request for the sample PDF report.

Key Market Driver, Trend, and Challenge

The ongoing development in the various processes related to advanced manufacturing in the industrial machinery sector is significantly driving the CNC vertical machining centers market growth.

Technavio also suggests six-axis CNC machine innovating machining operation will emerge as a primary market trend for growth in the CNC vertical machining centers market from 2022 to 2027.

As an emerging market challenge, the availability of horizontal machining centers and renovated vertical machining centers may slow down the market growth as per Technavio's report.

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New Business Opportunities - Market Segments and Key Regions Analysis

As per Technavio's analysis, there are several market segments classified including automotive, aerospace, metal fabrication, and others in the CNC vertical machining centers market.

Among all these market segments, the automotive segment is projected to record the highest market share growth during the forecast period. It was valued at USD 1,350.37 million in 2017 and continued to grow significantly by 2021.

Considering the geographical regions for market share growth, APAC is projected at top of the list. 39% of the total market share growth will be originated from APAC by 2027.

China has emerged as a leader in the regional market in terms of the production and consumption of CNC vertical machines globally.

Technavio further suggests, companies are also collaborating to provide effective training to the workforce using CNC vertical machining centers. Hence, such initiatives will give a boost to the market growth in the region during the forecast period.

For more detailed segment analysis and geographical business distribution, historic (2017 to 2021), and forecast market size (2023 to 2027), get the exclusive sample PDF report.

Key Market Vendors

There are a few key vendors operating in the market, mentioned in the report such as:

Bharat Fritz Werner Ltd.

Makino Milling Machine Co. Ltd.

DMG MORI Co. Ltd.

Jyoti CNC Automation Ltd.

Gebr. Heller Maschinenfabrik GmbH

Haas Automation Inc.

Hurco Companies Inc.

DN Solutions Co. Ltd.

Jiuh Yeh Precision Machinery Co. Ltd.

Komatsu Mining Corp.

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Key Data Covered in this CNC Vertical Machining Centers Market Report

Projected CAGR of the market during 2023-2027

Detailed statistical information on the major market drivers of the CNC Vertical Machining Centers market during 2023-2027

Market size analysis of the CNC Vertical Machining Centers market size and its association with the parent market

Relevant predictions about upcoming market trends and detailed consumer behavior analysis

Market share growth analysis across North America, APAC, Europe, South America, and the Middle East and Africa

Detailed market's competitive landscape and key information about market vendors

Comprehensive analysis of various market challenges

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CNC Vertical Machining Centers Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.37%

Market growth 2023-2027

$ 1130.34 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.7

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, Germany, and Italy

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., DN Solutions Co. Ltd., Emmegi S.p.A., Gebr. Heller Maschinenfabrik GmbH, Haas Automation Inc., Hurco Companies Inc., Jiuh Yeh Precision Machinery Co. Ltd., Jyoti CNC Automation Ltd., Komatsu Mining Corp., Makino Milling Machine Co. Ltd., Maxmill Machinery Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Shandong Luzhong Machine Tool Co. Ltd., Shenyang Yiji Machine Tool Sales Co. Ltd., TONGTAI MACHINE and TOOL Co. Ltd., and Yamazaki Mazak Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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