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Global Milling Machine Market Analysis, Share, Forecast: By Mechanism: Fraction Rice Milling Machine, Grind Rice Milling Machine; By Direction: Vertical Type Mill Rollers, Horizontal Mill Rollers; By End Use: Automotive, Aerospace and Defence, Construction Equipment, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Milling Machine Market Outlook
The global milling machine market attained a value of USD 84.26 billion in 2023. The milling machine market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.2% to reach USD 157.02 billion by 2032. The Asia Pacific is the fastest-growing market for the product.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Mechanism |
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| Breakup by Direction |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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 (2018-2023)
8.3 Global Milling Machine Market Forecast (2024-2032)
8.4 Global Milling Machine Market by Mechanism
8.4.1 Fraction Rice Milling Machine
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Grind Rice Milling Machine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Milling Machine Market by Direction
8.5.1 Vertical Type Mill Rollers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Horizontal Mill Rollers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Milling Machine Market by End Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aerospace and Defence
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Construction Equipment
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Power and Energy
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Industrial
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Milling Machine Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Milling Machine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Milling Machine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Milling Machine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Milling Machine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Milling Machine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Milling Machine Historical Market: Breakup by Mechanism (USD Billion), 2018-2023
3. Global Milling Machine Market Forecast: Breakup by Mechanism (USD Billion), 2024-2032
4. Global Milling Machine Historical Market: Breakup by Direction (USD Billion), 2018-2023
5. Global Milling Machine Market Forecast: Breakup by Direction (USD Billion), 2024-2032
6. Global Milling Machine Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Milling Machine Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Milling Machine Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Milling Machine Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Milling Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Milling Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Milling Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Milling Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Milling Machine Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Milling Machine Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Milling Machine Market Structure
Key Questions Answered in the Report
In 2023, the global milling machine market attained a value of nearly USD 84.26 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 157.02 billion by 2032.
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 84.26 billion in 2023, 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 2024-2032, growing at a CAGR of 7.2%. The market is projected to reach USD 157.02 billion by 2032.
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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