Global Machining Centers Strategic Business Report 2024: Market to Reach $27.4 Billion by 2030 - Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities
Tuesday, February 27, 2024
DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Machining Centers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Machining Centers Market to Reach $27.4 Billion by 2030
The global market for Machining Centers estimated at US$17.2 Billion in the year 2022, is projected to reach a revised size of US$27.4 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Vertical, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$17.7 Billion by the end of the analysis period. Growth in the Horizontal segment is estimated at 6.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 6% CAGR
The Machining Centers market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Strong Focus Shed on Automation in Manufacturing Provides the
Cornerstone for the Growth of Machining Centers
-- Robust Outlook for Industrial Automation Brightens the Sentiment in the
Machining Centers Market: Global Opportunity for Industrial Automation
(In US$ Billion) for Years 2022, 2024 and 2026
-- Global Economic Update
-- Shaken by the War, Global Oil Prices Spiral & Feed Inflationary
Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per
Barrel) for Years 2017 through 2022
-- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark
the Return of Global Inflation in 2022: Global Inflation Rates (In %)
for the Years 2019 Through 2024
-- After the Pandemic, Global Economic Uncertainty Surges Amidst War,
Inflation, Political Tensions & Supply Chain Disruptions Aggravated by
China's Slowdown: World Economic Growth Projections (Real GDP, Annual %
Change) for the Years 2020, 2021, 2022 and 2023
-- Competition
-- Machining Centers - Global Key Competitors Percentage Market Share in
2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Machining Centers: Overview, Types & Market Dynamics of the Machine
Tools Industry
-- Machining Centers is a Strong & Lucrative Part of the Machine Tools
Industry: % Share Breakdown of key Segments in the Global Machine Tools
Industry for the Year 2022
-- World Brands
-- Recent Market Activity
-- Innovations
MARKET TRENDS & DRIVERS
-- Smart Machining Centers Become Pivotal to COVID-19-Led Shift Towards
Smart Manufacturing
-- CNC Machining Remains the Most Popular Subtractive Manufacturing
Technology. Here's Why
-- Rise of Precision Manufacturing Spurs Investments in Precision Machining
Centers
-- Robust Demand for Precision Parts in Virtually Every Sphere of
Manufacturing Drives Opportunities for Machining Centers: Global
Precision Parts Market for the Years 2022, 2024, 2026 & 2028 (In US$
Million)
-- Market Witnesses Notable Uptick in Demand for Five-Axis Machining
Centers
-- Combining Subtractive and Additive Machining Capabilities is the New
Flavor of Innovation in Machining Centers
-- Horizontal Machining Centers Score Over Vertical Machining Centers
-- CNC Machining Centers With Miniature Inductive Sensors in the Spotlight
-- Metal Fabrication Drives Demand for CNC Vertical Machining Centers
-- Strong Demand for Metal Fabrication Services Translates Into Increased
Business Opportunity for Machining Centers: Global Sheet Metal
Fabrication Services Market (In US$ Million) for Years 2021, 2023, 2025
& 2026
-- Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit
Demand
-- Reshoring Drives Growth Prospects in Developed Markets
-- Led by EVs, the Automotive Industry Emerges as a Major End-Use Sector
for Machining Centers
-- Making Parts for Next-Gen Vehicles & Ability to Move Quickly from
Prototyping to Mass Production to Spur Growth of Machining Centers:
Global Sales of EVs (In 000 Units) for Years 2022, 2024 & 2026
-- Machining Centers Evolve as Preferred Tools for Manufacturing Critical &
Complex Components Aircraft Parts
-- The Massive Market for Aerospace Parts Manufacturing to Expand the
Addressable Market Opportunity for Machining Centers: Global Aerospace
Parts Manufacturing Market (In US$ Billion) for Years 2022, 2024 and
2026
-- Heavy Equipment/Machinery Manufacturing Industry Promises Bright
Prospects
-- Special Focus on IoT Enabled Machining Centers
-- Strong Growth & Progressive Maturity of Industrial Internet of Things
(IIoT) Means the Technology is Ripe for Integration in Machining
Centers: Global Market for IIoT (In US$ Billion) for Years 2022, 2024,
2026 and 2028
-- AI to Make an Impact on Machining Centers
-- Green Machining Centers Will Soon Be a Reality. Here's All You Need to
Know
-- Innovations Remain Crucial for Sustained Growth
FOCUS ON SELECT PLAYERS (Total 416 Featured)
-- 600Group PLC
-- Able Engineering Pty., Ltd.
-- Absolute Machine Tools, Inc.
-- AccuteX Technologies Co., Ltd.
-- Addison Saws Ltd.
-- Adriatica Industriale Srl
-- Alesamonti Srl
-- Alfing Kessler Sondermaschinen GmbH
-- Alfra GMBH
-- Allied Machine & Engineering Corporation
-- Accuway Machinery Co. Ltd.
-- Ace Micromatic Group
-- Akira Seiki Co., Ltd.
-- Agmachine Techno Company Limited
-- Acra Machinery
For more information about this report visit https://www.researchandmarkets.com/r/fdya52
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