Milling Machine Market

Global Milling Machine Market: By Mechanism: Fraction Rice Milling Machine, Grind Rice Milling Machine; By Direction: Vertical Type Mill Rollers, Horizontal Mill Rollers; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Milling Machine Market Outlook

The global milling machine market attained a value of USD 78.6 billion in 2022. The milling machine market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 7.2% to reach USD 118.9 billion by 2028. The Asia Pacific is the fastest-growing market for the product.

 

Global Milling Machine Market

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Market Segmentation

Milling machines are versatile and, therefore, can perform many tasks, including the manufacturing of fillet, turning, chamfering, boiling, facing, cutting, and cutting of slots. Such devices could also be used for the simultaneous installation of several cutters in several cuts.

 

Global Milling Machine Market

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On the basis of mechanism, the milling machine market can be divided into:

  • Fraction Rice Milling Machine
  • Grind Rice Milling Machine

Based on the direction, the milling machine market can be divided into:

  • Vertical Type Mill Rollers
  • Horizontal Mill Rollers

The milling machine market can be broadly categorised based on its end-use segments into:

  • Automotive
  • Aerospace and Defence
  • Construction Equipment
  • Power and Energy
  • Industrial
  • Others

The EMR report looks into the regional milling machine markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Market Analysis

A significant factor in the increase of the demand for milling machines is the rising demand for high-quality products. Due to its advanced technology and precise cutting, the increasing demand for computer numerical control (CNC) machines has increased the global milling machine market. Three types of milling machines available in the market are manual, semi-automatic, and automatic. Manufacturers rely on technical developments to make the product more advanced and successful. The increased demand for automated frying machines has led to an increase in automation. Such computers are capital-intensive and require fewer people. Automatic milling machines are used by manufacturers to increase production efficiency. The demand for CNC machines has grown over the years, as they are highly effective, competitive, and enable new technologies to be implemented. Such system advantages are also driving the development in the establishment of machinery manufacturers and distributors. These factors are expected to encourage the milling machine market further.

 

Global Milling Machine Market

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global milling machine market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Amada Holdings Co., Ltd. 
  • Amera Seiki
  • Datron Dynamics, Inc.
  • Dmg Mori Co Ltd 
  • Haas Automation, Inc.
  • Fanuc Corporation 
  • Okuma Corporation 
  • Shenyang Machine Tool Co., Ltd. 
  • Hurco Companies, Inc. (NASDAQ: HURC)
  • Dalian Machine Tool Group (Dmtg) Corporation
  • Yamazaki Mazak Corporation
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report:

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Mechanism, Direction, End Use, Region
Breakup by Mechanism Fraction Rice Milling Machine, Grind Rice Milling Machine
Breakup by Direction Vertical Type Mill Rollers, Horizontal Mill Rollers
Breakup by End Use Automotive, Aerospace and Defence, Construction Equipment, Power and Energy, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Amada Holdings Co., Ltd. (TYO: 6113), Amera Seiki, Datron Dynamics, Inc.,
Dmg Mori Co Ltd (TYO: 6141), Haas Automation, Inc., Fanuc Corporation (TYO: 6954),
Okuma Corporation (TYO: 6103), Shenyang Machine Tool Co., Ltd. (SHE: 000410),
Hurco Companies, Inc. (NASDAQ: HURC), Dalian Machine Tool Group (Dmtg) Corporation, Yamazaki Mazak Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Milling Machine Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Milling Machine Historical Market (2018-2022) 
    8.3    Global Milling Machine Market Forecast (2023-2028)
    8.4    Global Milling Machine Market by Mechanism
        8.4.1    Fraction Rice Milling Machine
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Grind Rice Milling Machine
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Milling Machine Market by Direction
        8.5.1    Vertical Type Mill Rollers
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Horizontal Mill Rollers
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Milling Machine Market by End Use
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Aerospace and Defence
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Construction Equipment
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Power and Energy
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Industrial
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Others    
    8.7    Global Milling Machine Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Milling Machine Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Milling Machine Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Milling Machine Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.2    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  Milling Machine Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Milling Machine Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Amada Co., Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    DATRON Dynamics, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    DMG MORI
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    FANUC UK Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Okuma Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Amera Seiki
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Haas Automation, Inc.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Shenyang Machine Tool Co., Ltd.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Hurco Companies, Inc.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Dalian Machine Tool Group (Dmtg) Corporation
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Yamazaki Mazak Corporation
            16.2.11.1    Company Overview
            16.2.11.2    Product Portfolio
            16.2.11.3    Demographic Reach and Achievements
            16.2.11.4    Certifications
        16.2.12    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Milling Machine Market: Key Industry Highlights, 2018 and 2028
2.    Global Milling Machine Historical Market: Breakup by Mechanism (USD Billion), 2018-2022
3.    Global Milling Machine Market Forecast: Breakup by Mechanism (USD Billion), 2023-2028
4.    Global Milling Machine Historical Market: Breakup by Direction (USD Billion), 2018-2022
5.    Global Milling Machine Market Forecast: Breakup by Direction (USD Billion), 2023-2028
6.    Global Milling Machine Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Milling Machine Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Milling Machine Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Milling Machine Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Milling Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Milling Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Milling Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Milling Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Milling Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Milling Machine Market Structure

Key Questions Answered in the Report

In 2022, the global milling machine market attained a value of nearly USD 78.6 billion.

The market is projected to grow at a CAGR of 7.2% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 118.9 billion by 2028.

The major drivers aiding the market growth are the increasing consumer awareness regarding quality products, advancements in metal cutting applications, increasing construction activities, growing urbanisation, and the development of advanced technologies.

The key market trend guiding the growth of the market include the growing adoption of computer numerical control (CNC) machines and automation.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major mechanisms of milling machine considered in the market report include fraction rice milling machine and grind rice milling machine.

The various direction segments of milling machine considered in the market report are vertical type mill rollers and horizontal mill rollers.

The significant end uses of milling machines are automotive, aerospace and defence, construction equipment, power and energy, and industrial, among others.

The major players in the market are Amada Co., Ltd., DATRON Dynamics, Inc., DMG MORI, FANUC UK Limited, Okuma Corporation, Amera Seiki, Haas Automation, Inc., Shenyang Machine Tool Co., Ltd., Hurco Companies, Inc., Dalian Machine Tool Group (Dmtg) Corporation, and Yamazaki Mazak Corporation, among others. 

Analyst Review

The global milling machine market attained a value of USD 78.6 billion in 2022, driven by the growing adoption of these machines for metal cutting applications in end-use sectors like aerospace, industrial, and others. Aided by the growing demand for computer numerical control (CNC) machines, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.2%. The market is projected to reach USD 118.9 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on mechanism, the milling machine industry can be bifurcated into fraction rice milling machine and grind rice milling machine. On the basis of direction, the industry is divided into vertical type mill rollers and horizontal mill rollers. Based on end use, the industry is categorised into automotive, aerospace and defence, construction equipment, power and energy, and industrial, among others. The major regional markets for milling machine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Amada Holdings Co., Ltd., Amera Seiki, Datron Dynamics, Inc., Dmg Mori Co Ltd, Haas Automation, Inc., Fanuc Corporation, Okuma Corporation, Shenyang Machine Tool Co., Ltd., Hurco Companies, Inc., Dalian Machine Tool Group (Dmtg) Corporation, and Yamazaki Mazak Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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