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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 (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Milling Machine Market Outlook
The global milling machine market attained a value of USD 67.4 billion in 2020. The milling machine market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 7.2% to reach USD 102.3 billion by 2026. The Asia Pacific is the fastest-growing market for the product.
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Properties and Applications
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.
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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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Milling Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Milling Machine Historical Market (2017-2021)
8.3 Global Milling Machine Market Forecast (2022-2027)
8.4 Global Milling Machine Market by Mechanism
8.4.1 Fraction Rice Milling Machine
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Grind Rice Milling Machine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Milling Machine Market by Direction
8.5.1 Vertical Type Mill Rollers
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Horizontal Mill Rollers
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Milling Machine Market by End Use
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Aerospace and Defence
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Construction Equipment
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Power and Energy
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Industrial
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Others
8.7 Global Milling Machine Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Amada Co., Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 DATRON Dynamics, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 DMG MORI
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 FANUC UK Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Okuma Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Amera Seiki
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Haas Automation, Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Shenyang Machine Tool Co., Ltd.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Hurco Companies, Inc.
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Dalian Machine Tool Group (Dmtg) Corporation
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Yamazaki Mazak Corporation
12.2.11.1 Company Overview
12.2.11.2 Product Portfolio
12.2.11.3 Demographic Reach and Achievements
12.2.11.4 Certifications
12.2.12 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Milling Machine Market: Key Industry Highlights, 2017 and 2027
2. Global Milling Machine Historical Market: Breakup by Mechanism (USD Billion), 2017-2021
3. Global Milling Machine Market Forecast: Breakup by Mechanism (USD Billion), 2022-2027
4. Global Milling Machine Historical Market: Breakup by Direction (USD Billion), 2017-2021
5. Global Milling Machine Market Forecast: Breakup by Direction (USD Billion), 2022-2027
6. Global Milling Machine Historical Market: Breakup by End Use (USD Billion), 2017-2021
7. Global Milling Machine Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8. Global Milling Machine Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Milling Machine Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Milling Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Milling Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Milling Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Milling Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Milling Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Milling Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Milling Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Milling Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Milling Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Milling Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Milling Machine Market Structure
Key Questions Answered in the Report
In 2020, the global milling machine market attained a value of nearly USD 67.4 billion.
The market is projected to grow at a CAGR of 7.2% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 102.3 billion by 2026.
The major drivers of the industry, such as the increasing consumer awareness regarding quality products, advancements in metal cutting applications, increased construction activities, growing urbanisation, and development of advanced technologies, are expected to aid the market growth.
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 industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Fraction rice milling machine and grind rice milling machine are the major mechanisms of milling available in the industry.
The major segments based on direction of the machines include vertical type mill rollers and horizontal mill rollers.
Automotive, aerospace and defence, construction equipment, power and energy, and industrial, among others, are the significant end use sectors of the product.
The major players in the industry are 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.
Analyst Review
The global milling machine market attained a value of USD 67.4 billion in 2020, 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 2022-2027, growing at a CAGR of 7.2%. The market is projected to reach USD 102.3 billion by 2026.
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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