5-Axis CNC Machining Centers Market to grow by USD 792.5 Million from 2024-2028, driven by self-optimized cutting technology, with AI powering market evolution - Technavio | | news-journal.com

NEW YORK, Oct. 21, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global 5-axis CNC Machining Centers Market size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.09% during the forecast period. Self-optimized machine cutting is driving market growth, with a trend towards reduction of changeover time for 5-axis CNC machines. However, highly capital-intensive market poses a challenge - Key market players include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 - 2022

Segment Covered

End-user (Automotive, Aerospace, Metal fabrication, and Others), Product (Vertical 5-axis CNC machining centers and Horizontal 5-axis CNC machining centers), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp.

The 5-axis CNC machining centers market is experiencing significant growth due to the increasing focus on reducing changeover times to enhance productivity. Parallel operation, where semi-finished products are prepared in different working areas during the machining process, is a trend that helps minimize idle time. Additionally, auto-selection of working areas, which aligns tools with the next workpiece, is another method employed to streamline the changeover process. These advancements are expected to boost the adoption of 5-axis CNC machines in various industries, contributing to the market's expansion during the forecast period.

Five-axis CNC machining centers are trending in advanced manufacturing solutions due to their precision, adaptability, and ability to produce complex parts with ease. These systems offer industrial operations the capability to machine complex geometries, reducing setup times and cycle times. The integration of linear axes and rotating axes enables multi-sided machining, benefiting industries like aerospace, defense, medical, and petroleum. Precision is key in industries producing high-precision components, and five-axis CNC machining centers deliver with minimal changeover time and real-time monitoring. Subtractive processes, such as milling and turning, are optimized through toolpath optimization and CNC programming. Specialized training for operators ensures efficient manufacturing processes. Hybrid manufacturing combines five-axis technology with vertical and horizontal machining centers, improving manufacturing efficiency and reducing labor safety concerns. Advanced machining systems cater to industries like aerospace and defense, producing lightweight structures with complex geometries. Smart instruments, cutting parameters, and multifaceted tools further enhance the capabilities of five-axis CNC machining centers. Manufacturing processes are streamlined, resulting in improved quality, shorter cycle times, and efficient material handling.

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Segment Overview

This 5-axis cnc machining centers market report extensively covers market segmentation by

1.1 Automotive- The global automotive industry is experiencing significant changes due to regulatory framework updates, technological advancements, and evolving customer preferences. OEMs are responding to these shifts by introducing new vehicle categories, such as micro-SUVs and mid-size pickup trucks, to cater to diverse customer segments. Simultaneously, regulatory bodies are imposing stricter emission regulations and fuel efficiency standards, compelling automakers to adopt advanced manufacturing technologies. Among these, 5-axis CNC machining centers have gained popularity due to their ability to produce high-precision automotive parts cost-effectively. This trend is particularly prominent in the automotive sector, where productivity and product quality are paramount. While 3-axis machining remains prevalent, 5-axis CNC systems are increasingly preferred for turning and milling operations. The increasing demand for automobiles, particularly in oil-importing countries like India and China, is expected to fuel the growth of the 5-axis CNC machining centers market in the forecast period.

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Research Analysis

The 5-axis CNC machining centers market is driven by the demand for advanced machining systems that offer superior precision, adaptability, and flexibility in industrial operations. These systems enable the production of complex parts with intricate geometries and tight tolerances, reducing setup times and improving cycle time. 5-axis machining centers utilize both linear axes for X, Y, and Z movements, as well as rotating axes for B and C movements, allowing for multi-sided machining. Industries such as medical, aerospace, petroleum, and metal fabrication rely on these systems for the production of high-precision components. Hybrid manufacturing, combining additive and subtractive processes, is also gaining popularity. Key features include computer numerical control, tool movement, material handling, quality improvement, and reduction of changeover time. Vertical and horizontal machining centers are common types in this market.

Market Research Overview

The 5-axis CNC machining centers market represents the latest advancement in manufacturing technology, offering superior precision, adaptability, and flexibility for industrial operations. These systems utilize linear axes for X, Y, and Z movements, as well as rotating axes for A and B movements, enabling multi-sided machining of complex parts. The market caters to various industries, including aerospace, defense, medical, and automotive, producing high-precision components with complex geometries. 5-axis CNC machining centers support hybrid manufacturing, combining subtractive processes with advanced manufacturing solutions. They offer toolpath optimization, CNC programming, and specialized training for operators. These systems can produce intricate components with minimal setup times, reducing cycle time and material handling. Advanced manufacturing processes, such as vertical and horizontal machining centers, benefit from 5-axis technology. Real-time monitoring, cutting parameters, smart instruments, and multifaceted tools contribute to manufacturing efficiency and quality improvement. The market also caters to industries like petroleum, metal fabrication, and construction machinery, ensuring labor safety and efficient production processes.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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

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Email: [email protected]

Website: www.technavio.com/

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SOURCE Technavio

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