Press release
Machining Centers Market on Track for Strong Growth, Estimated to Grow at 5.9% CAGR Through 2029
Machining Centers Market
What Is the Expected CAGR for the Machining Centers Market Through 2025?
In recent years, the market size of machining centers has seen a steady expansion. From $28.17 billion in 2024, it's projected to increase to $29.47 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.6%. The growth in the past period can be linked to the need for components with high precision, mass production needs, adaptable manufacturing systems, the decrease in setup time, the globalization of the manufacturing process, investments in the energy sector, and an emphasis on quality assurance.
What's the Projected Size of the Global Machining Centers Market by 2029?
The market size for machining centers is projected to witness considerable expansion in the upcoming years. It is anticipated to reach $37.12 billion by 2029, escalating at a compound annual growth rate (CAGR) of 5.9%. This growth during the forecasted period can be credited to factors such as customization in manufacturing, increased productivity, initiatives towards smart manufacturing, requirements for energy efficiency, global infrastructure evolution, and advanced control systems. Notable trends during this forecast period are automation and robotics, expedited machining, multi-tasking machining centers, integration of additive manufacturing, digital twin technology, cutting-edge tooling technologies, remote monitoring and maintenance, and emphasis on user-friendly interfaces.
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Top Growth Drivers in the Machining Centers Industry: What's Accelerating the Market?
The escalation in the utilization of automation and robotics within the manufacturing sector is projected to spur the development of the machining centers market. The manufacturing industry involves the creation and modification of raw materials like steel, iron, and plastic into final products. Machining centers function to automate the manufacturing machining operations and are esteemed as superb automation apparatuses for the manufacturing field. For example, the World Robotics report, released in September 2023 by the International Federation of Robotics, a non-profit organization based in Germany, recorded 553,052 industrial robot installations across global factories, indicating a 5% annual growth rate in 2022. Hence, the expanding automation and robotics in the manufacturing field are fueling the advancement of the machining centers market.
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Which Emerging Trends Are Transforming the Machining Centers Market in 2025?
Companies that are prominent in the machining centers market are concentrating on groundbreaking products like vertical machining centers to enhance their market revenues. Vertical machining centers, or VMCs, are specifically designed computer numerical control (CNC) machines with a vertical spindle, which allows for the accurate and efficient machining of various materials, especially metals. As an illustration, in September 2022, Makino Inc., a pioneer in advanced CNC machining centers based in the USA, introduced Slim3n. This machine boasts a robust fixed table (23.6 x 15.7) that can hold up to 881 pounds, enabling it to accommodate larger pieces of work. Slim3n's closed frame design, which is further bolstered with Finite Element Analysis (FEA), increases torsional rigidity for superior performance. It comes fitted with a 16,000 rpm HSK-A50 spindle (alternatively, an 8,000 rpm option for higher torque) to effectively manage significant radial forces during the milling process. The Slim3n can be seamlessly integrated with either manual or automated material handling systems, like conveyors or robotics.
What Are the Main Segments in the Machining Centers Market?
The machining centersmarket covered in this report is segmented -
1) By Type: Horizontal Machining Center, Vertical Machining Center, Other Types
2) By Distribution Channel: Direct Sales, Third-Party Sales
3) By Application: Automotive, Aerospace, Construction And Agriculture, Fluid Power, Oil And Energy, Other Applications
Subsegments:
1) By Horizontal Machining Center (HMC): Single-Spindle HMC, Multi-Spindle HMC, Twin-Spindle HMC
2) By Vertical Machining Center (VMC): 3-Axis VMC, 4-Axis VMC, 5-Axis VMC, Mini VMC
3) By Other Types: Multi-Tasking Machines, CNC Lathes, Turn-Mill Centers, Gantry Machining Centers
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Which Top Companies are Driving Growth in the Machining Centers Market?
Major companies operating in the machining centers market are AceMicromatic Group, 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, Yeong Chin Machinery Industries Co. Ltd., Hornet Cutting Systems LLC, Davenport Machine Inc., Emmegi SPA, Tsugami-Rem Sales LLC, Detroit Edge Tool Company, TruCut Fabricators Co., BLM Group USA Corp., HowesTemco a div. of NN Inc., Elektriska Svetsnings-Aktiebolaget, Doosan Corp., Toyoda Gosei Co. Ltd., Hermle AG, GROB-WERKE GmbH & Co. KG
Which Regions Will Dominate the Machining Centers Market Through 2029?
Asia-Pacific was the largest region in the machining centers market share in 2024. The regions covered in the machining centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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