CNC Milling Machines Market Size by Reach Revenues of USD 21.55 Billion by 2026 – Arizton

The CNC milling machines market is expected to reach USD 21.55 billion by 2026, growing at a CAGR of 8.72%.

Milling is a method of removing excessive or unwanted material from any metal or other objects using a rotary cutter to give it a desired shape and size. This is done using a milling machine which is either manually controlled or automatic or both. The major end-users of CNC milling machines include automotive, aerospace, electrical & electronics, and others. The automotive sector accounts for the highest share in the global computer numerical control milling machines market among the end-users. In 2020, APAC was the most significant revenue contributor to the global CNC milling machine market, with almost half of the market shares. The CNC milling machine market in India was valued at USD 0.53 billion in 2020 and is expected to reach USD 0.97 billion by 2026. In APAC and globally, China accounted for a substantial stake in the CNC tools market because of the increasing number of investments in the industrial automation market and YoY growth in government spending toward defense aircraft and equipment in major economies across the region.

The following factors are likely to contribute to the growth of the CNC milling machines market during the forecast period:

• Open architecture & Rising Subscription Based CAD Software
• Increase in Automation Expenditure.
• Advancement in CNC & Milling Machinery

Get your free sample now! https://www.arizton.com/market-reports/cnc-milling-machines-market-size

CNC Milling Machines Market – Vendor Landscape

Prominent Vendors
• Doosan
• Fives
• F-Zimmermann
• Jtekt
• Makino

Other Prominent Vendors
• Ace Micromatic Group
• Chiron Group SE
• General Technology
• DMG Mori
• Electronica Hitech
• Falcon Machine Tools
• GF Machining
• Gleason Corporation
• Grob-Werke
• Haas Automation
• Hyundai Wia
• Komatsu
• Okuma Corporation
• Schuler AG
• 600 Group
• Spinner
• Yamazaki Mazak

CNC Milling Machines Market – Segmentation

CNC Milling Machines Market by Product Type
• Vertical CNC Milling Machines
• Horizontal CNC Milling Machines
• Universal CNC Milling Machines

CNC Milling Machines Market by Axis Type
• 3 Axis
• 4 Axis
• Others

CNC Milling Machines Market by End User
• Automobile
• Electrical & Electronics
• Aerospace & Defense
• Others

CNC Milling Machines Market by Geography
• Europe
• UK
• Germany
• France
• Spain
• Italy
• APAC
• China
• India
• Japan
• South Korea
• North America
• US
• Canada
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Get your free sample now! https://www.arizton.com/market-reports/cnc-milling-machines-market-size

CNC Milling Machines Market – Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by Axis Type
4.3.3 Market Segmentation by End-user
4.3.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Industrial Revolution and Advances in Technology
7.3 Impact Of COVID-19
7.3.1 Impact on Global Value Chain
7.3.2 Just-in-Time Manufacturing Impact
7.4 Dependence on China and Rising Automation
7.5 Impact of Precision Parts Manufacturing on the Market
7.6 Vendor Selection Procedure
7.6.1 RFP (Request for Proposal) Procedure
7.6.2 Due Diligence
7.6.3 Post Selection – Contract

8 Key Business Questions
8.1 CAGR
8.1.1 What is the growth rate of the market for next 5 years?
8.1.2 Which segments are growing at the fastest rate?
8.2 Regional Insights
8.2.1 Which region is likely to make the highest contribution to the market?
8.2.2 Which are the major countries holding highest growth potential?
8.3 Global Market
8.3.1 What was the market size of CNC milling machine market in 2020?
8.3.2 What is the expected market size in 2026?
8.4 Key Opportunities in the Market
8.4.1 What are the key strategies followed on the global CNC milling machine market?
8.4.2 What are the major developments in the industry?

9 Market Opportunities & Trends
9.1 Open Architectures & Growing Subscription-Based CAD Software
9.2 Increase in Automation Expenditure
9.3 Advances in CNC & Milling Machinery

10 Market Growth Enablers
10.1 Growth of Industry 4.0
10.2 Rise in Machine Tools Investment
10.3 Industrial & Economic Growth in APAC
10.4 Growth in the Automotive Sector

11 Market Restraints
11.1 Political Turmoil - Restraint for Trade
11.2 Rise in Material Cost
11.3 High Degree of End-User Variability & Market Risks
11.4 Unstable Demand from Oil & Gas Industry

12 Market Landscape
12.1 Market Overview
12.1.1 Demand Perspective
12.1.2 Realignment due to COVID-19
12.1.3 Macro-economic Factors impacting Market Growth
12.2 Market Size & Forecast
12.3 Product: Market Size & Forecast
12.4 Axis Type: Market Size & Forecast
12.5 End-User: Market Size & Forecast
12.6 Five Forces Analysis
12.6.1 Threat of New Entrants
12.6.2 Bargaining Power of Suppliers
12.6.3 Bargaining Power of Buyers
12.6.4 Threat of Substitutes
12.6.5 Competitive Rivalry

13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Vertical CNC Milling Machine
13.3.1 Market Size & Forecast
13.3.2 Market by Geography
13.4 Horizontal CNC Milling Machine
13.4.1 Market Size & Forecast
13.4.2 Market by Geography
13.5 Universal CNC Milling Machine
13.5.1 Market Size & Forecast
13.5.2 Market by Geography

14 Axis Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 3-Axis
14.3.1 Market Size & Forecast
14.3.2 Market by Geography
14.4 4-Axis
14.4.1 Market Size & Forecast
14.4.2 Market by Geography
14.5 Other Axes
14.5.1 Market Size & Forecast
14.5.2 Market by Geography

15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Automotive
15.3.1 Market Overview
15.3.2 Demand Insights
15.3.3 Key Insights
15.3.4 Impact of COVID-19
15.3.5 Market Size & Forecast
15.3.6 Market by Geography
15.4 Electrical & Electronics Industry
15.4.1 Market Overview
15.4.2 Key Insights
15.4.3 Impact of COVID-19
15.4.4 Market Size & Forecast
15.4.5 Market by Geography
15.5 Aerospace & Defense
15.5.1 Market Overview
15.5.2 Key Insights
15.5.3 Impact of COVID-19
15.5.4 Market Size & Forecast
15.5.5 Market by Geography
15.6 Other Industries
15.6.1 Market Overview
15.6.2 Market Size & Forecast
15.6.3 Market by Geography

16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview

17 APAC
17.1 Market Overview
17.1.1 Manufacturing Landscape
17.1.2 Raw Material Availability
17.2 Market Size & Forecast
17.3 Product
17.3.1 Market Size & Forecast
17.4 Axis Type
17.4.1 Market Size & Forecast
17.5 End-User
17.5.1 Market Size & Forecast
17.6 Key Countries
17.6.1 China: Market Size & Forecast
17.6.2 Japan: Market Size & Forecast
17.6.3 India: Market Size & Forecast
17.6.4 South Korea: Market Size & Forecast

18 Europe
18.1 Market Overview
18.1.1 Regional Outlook
18.1.2 Key Insights
18.2 Market Size & Forecast
18.3 Product
18.3.1 Market Size & Forecast
18.4 Axis Type
18.4.1 Market Size & Forecast
18.5 End-User
18.5.1 Market Size & Forecast
18.6 Key Countries
18.6.1 Germany: Market Size & Forecast
18.6.2 Italy: Market Size & Forecast
18.6.3 France: Market Size & Forecast
18.6.4 UK: Market Size & Forecast
18.6.5 Spain: Market Size & Forecast

19 North America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product
19.3.1 Market Size & Forecast
19.4 Axis Type
19.4.1 Market Size & Forecast
19.5 End-User
19.5.1 Market Size & Forecast
19.6 Key Countries
19.6.1 US: Market Size & Forecast
19.6.2 Canada: Market Size & Forecast

20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product
20.3.1 Market Size & Forecast
20.4 Axis Type
20.4.1 Market Size & Forecast
20.5 End-User
20.5.1 Market Size & Forecast
20.6 Key Countries
20.6.1 Brazil: Market Size & Forecast
20.6.2 Mexico: Market Size & Forecast
20.6.3 Rest of Latin America: Market Size & Forecast

21 Middle East & Africa
21.1 Market Overview
21.1.1 Key Insights
21.2 Market Size & Forecast
21.3 Product
21.3.1 Market Size & Forecast
21.4 Axis Type
21.4.1 Market Size & Forecast
21.5 End-User
21.5.1 Market Size & Forecast
21.6 Key Countries
21.6.1 Saudi Arabia: Market Size & Forecast
21.6.2 South Africa: Market Size & Forecast
21.6.3 Rest of Middle East & Africa: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview

Looking for more information? Click Here https://www.arizton.com/market-reports/cnc-milling-machines-market-size

About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707

This release was published on openPR.