Press release
5-axis CNC Machining Center Market is Estimated to Reach USD 14.74 Million by 2028: Cognitive Market Research
5-axis CNC Machining Center Market is Estimated to Reach USD14.74 Million by 2028: Cognitive Market Research
- A 5 Axis refers to the number of directions in which cutting tools are moved. The cutting tool on a 5-axis machining center travels across the X, Y, and Z linear axes as well as spins on the A and B axes to approach the workpiece from any direction. The five sides of a component can therefore be processed in a single configuration.
Summary:
- The 5-axis CNC Machining Center Market is Expected to Grow from USD 7.45 million in 2021 to USD 14.74 million by 2028, at a CAGR of 10.05%. As customer demand for high-quality products grows, organizations across sectors are implementing automation in their production operations. As a result, the demand for 5-axis CNC machining centers is growing.
To know more about 5-axis CNC Machining Center market statistics click here: https://www.cognitivemarketresearch.com/5-axis-cnc-machining-centers-market-report
Market Dynamics
- The automotive industry plays a vital role in our life. An essential part of this industry is CNC automotive. CNC machine tools help a variety of various automobile parts, from die-casting various components to creating elegant single-body frames. Automotive parts such as carburetor housing, suspension components, bearing caps, and engine housing are all also manufactured utilizing various CNC manufacturing processes and state-of-the-art equipment and tools. This drives the 5-axis machining center market.
- The initial setup cost of such a system is higher as opposed to the single-axis CNC setup. This can hamper the growth of the market. But, rapid industrialization and urbanization will enormous opportunities for the usage of 5-axis machining centers across several industries.
Market Segmentation:
- Based on the Type horizontal 5-axis CNC Machining Center have dominated the market as they can be used for both vertical as well as horizontal milling.
- Based on the Application, the aerospace segment dominated the 5-axis CNC Machining Center market. This is due to the rising demand from several players such as Airbus, Boeing, Embraer, and others.
- Top Companies that hold a market share in 5-axis CNC Machining Center: Ardel Engineering and Manufacturing Inc., DMG MORI. CO. LTD., Doosan Machine Tools Co. Ltd., FANUC Corp., Haas Automation Inc, Hurco Companies Inc., Jyoti CNC Automation Ltd., Kent Industrial USA Inc., Makino Milling Machine Co. Ltd., Mazak Corporation, Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Siemens AG, Yamazaki Mazak Corp., Others
Get free sample pages of latest published 5-axis CNC Machining Center Report 2023: https://www.cognitivemarketresearch.com/5-axis-cnc-machining-centers-market-report
Regional Analysis:
- Geographically, the global 5-axis CNC machining center market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the 5 Axis CNC machining center market owing to the rising industrial applications. Similarly, in many countries such as China and Japan, the 5 Axis CNC machining center is commonly used for high-precision components.
News:
- In August 2022, METROM announced their latest project to design and manufacture a mobile 5-axis CNC machine (PM-Series) for a power plant firm. This transportable CNC machine appears to be exciting the mechanical engineering and CNC machining worlds. METROM's mobile CNC machines are specifically developed for on-site machining. Users can execute 5-axis CNC machining on-site with their PM-Series without relocating the workpiece. This is especially useful in the power industry, where massive items like turbines, tanks, and vessels must be machined precisely.
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global 5 Axis CNC Machining Centers Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global 5 Axis CNC Machining Centers Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global 5 Axis CNC Machining Centers Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global 5 Axis CNC Machining Centers Market by End Use Segmentation Analysis (2018-2030)
Chapter 10 Global 5 Axis CNC Machining Centers Market Regional Analysis
• 10.1 Detailed Qualitative Analysis
• 10.2 Global 5 Axis CNC Machining Centers Market Revenue by Region (2018-2030)
• 10.2 Global 5 Axis CNC Machining Centers Market Share (%) by Region (2018-2030)
Chapter 11 North America 5 Axis CNC Machining Centers Market Outlook (2018 - 2030)
Chapter 12 Europe 5 Axis CNC Machining Centers Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific 5 Axis CNC Machining Centers Market Outlook (2018 - 2030)
Chapter 14 Latin America 5 Axis CNC Machining Centers Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa 5 Axis CNC Machining Centers Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Link for TOC:
Related Report:
• Horizontal Cnc Machining Centers Market- https://www.cognitivemarketresearch.com/horizontal-cnc-machining-centers-market-report
• Vertical Cnc Machining Centers Market- https://www.cognitivemarketresearch.com/vertical-cnc-machining-centers-market-report
• Cnc Machining Centers Market- https://www.cognitivemarketresearch.com/cnc-machining-centers-market-report
• 3 Axis Cnc Machining Centers Market- https://www.cognitivemarketresearch.com/3-axis-cnc-machining-centers-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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