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Global Machining Centres Market 2023 - By Size, Growth Analysis, Industry Revenue, Future Demand And Forecast To 2032
Machining Centres Market
The Business Research Company's Machining Centres Global Market Report 2023 identifies increase in automation and robotics in the manufacturing industry as the major driver for the Machining Centres market's growth in the forecast period. 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.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Major competitors in the Machining Centres market are Ace Micromatic Group & Micromatic Machine Tools Pvt. Ltd., Amera-Seiki Corp., CHIRON Group SE, DMG Mori Co.Ltd., Doosan Machine Tools Co. Ltd.
A key trend in the Machining Centres market includes technological advancements. Major companies operating in the market are introducing new technologies such as 'The MCR-S double column machining center which is manufactured by using cutting-edge technology to sustain their position in the market. For instance, in March 2021, Okuma, a Japan-based machine tool maker, launched their new machine center 'MCR-S double column machine center'. The new tool is based on cutting-edge technology that reduces the cycle time by 25%. It features full 5-face and 5-axis machining and is an ideal fit for die repair work in the automotive and aerospace industries technological advancements are a key trend gaining popularity in the machining centers market.
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https://www.thebusinessresearchcompany.com/report/machining-centres-global-market-report
The Machining Centres market is segmented -
• 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.
The Business Research Company's "Global Machining Centres Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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