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The Machining Centres Market Is Expected To Witness Growth Exponentially By 2032
Machining Centres Market
Machining Centres Market Size, Growth Rate, And Forecast
The global machining centres market size is expected to grow from $25.05 billion in 2022 to $26.77 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The machining centres market size is expected to grow to $33.9 billion in 2027 at a CAGR of 6.1%.
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Machining Centres Market Drivers
The increase in automation and robotics in the manufacturing industry is expected to propel the growth of the machining centers market going forward. The manufacturing industry is the industry concerned with the manufacturing and processing of raw materials such as steel, iron, and plastic into end products. Machining centers automate the manufacturing machining processes and are considered excellent automation tools for the manufacturing sector.
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Machining Centres Market Segments
• By Type: Horizontal Machining Center, Vertical Machining Center, Other Types
• By Distribution Channel: Direct Sales, Third-Party Sales
• By Application: Automotive, Aerospace, Construction and Agriculture, Fluid Power, Oil and Energy, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the machining centres market.
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Machining Centres Market Key Players
Major competitors in the machining centres market include Ace Micromatic Group & Micromatic Machine Tools Pvt. Ltd., Amera-Seiki Corp., CHIRON Group SE, DMG Mori Co.Ltd., Doosan Machine Tools Co. Ltd., Fanuc Corporation, FFG European & American Holdings GmbH, Haas Automation Inc., Hurco Companies Inc., Jiuh-Yeh Precision Machinery Co. Ltd., JTEKT Corporation, Jyoti CNC Automation Limited, Kent CNC, Komatsu NTC Ltd., Makino Inc., Matsuura Machinery Corporation, Maxmill Machinery Co. Ltd., Mazak Corporation, Mitsubishi Electric Corporation, MTAB™ Engineers Private Limited, Okuma America Corporation, SCM GROUP S.p.A., Siemens AG, The Hyundai Wia Corporation, Yamazaki Mazak Corporation, and Yeong Chin Machinery Industries Co. Ltd.
The Business Research Company's "Global Machining Centres Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Machining Centres Market Include:
1. Executive Summary
2. Machining Centres Market Characteristics
3. Machining Centres Market Trends And Strategies
4. Machining Centres Market - Macro Economic Scenario
5. Machining Centres Market Size And Growth
……
26. Africa Machining Centres Market
27. Machining Centres Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Machining Centres Market
29. Machining Centres Market Future Outlook And Potential Analysis
30. Appendix
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