Machine tools play a dominant role in the manufacturing industry and are part of almost every metal processing application. They are used for cutting and shaping metals and other materials to the specification provided by the product manufacturers. The machine tools help to process and manufacture critical components with utmost accuracy and ease. Based on the criticality of the operation, conventional or computer numerical control (CNC) machine tools are used.
Technavio’s analysts forecast the global milling machines market to grow at a CAGR of 5.83% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global milling machines market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of milling machines.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Milling Machines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendorsoperating in this market.
Market driver - Demand for superior-quality products and CNC machines - For a full, detailed list, view our report
Market challenge - Setbacks in European machine tools manufacturing - For a full, detailed list, view our report
Market trend - 6-axis CNC machine to transform machining operation - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the Key vendorsin this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Our reports have been used by over 10K customers, including:
WinterGreen Research announces that it has published a new study Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 230 pages, 141 tables and figures. The leading vendors in the precision gearindustry have invested in high-quality technology...
135 pages •
By Infiniti Research Limited
• Feb 2018
About Industrial Food Milling Machines Milling equipment is used for size reduction operations such as crushing, grinding, granulating, and grating in the food processing industry. Technavio’s analysts forecast the global industrial food milling machines market to grow at a CAGR of 5.77% during the period 2018-2022. Covered...
The main purpose of CNC is the manufacturing parts and components precisely reducing the cost of manufacturing and also to minimize the wastage by precise manufacturing of small parts and components. A CNC controller is a computerized program for the object and the machine programmed with machine language which essentially controls and monitors...
69 pages •
By Infiniti Research Limited
• Aug 2017
About CNC Machine Tools CNC machine tools are automated conventional machine tools in which the motion and function are controlled by means of a computer. The computer executes machine control commands to perform machining on a workpiece. This facilitates the production of identical parts in high volumes without compromising...
“CNC Controller market expected to exhibit significant growth between 2017 and 2023” The CNC controller market is projected to grow at a CAGR of 3.8% between 2017 and 2023, to reach USD 3.70 billion by 2023. Key driving factors for the growth of the market are increase in the adoption of industrial automation in the manufacturing...
The global dental cam milling machine market was valued at $ 857.7 million in 2016 and expected to reach at $ 1,415.6 million by 2022 at a CAGR of 7.2 % during the forecast period. The major factors responsible for the growth of global dental cam milling machine market are high adoption of CAD/CAM systems in the dentistry resulting in...