June 2021 Report on Global Milling Machines Market Overview, Size, Share and Trends 2021-2026

(Heraldkeepers via Comtex)

Global Milling Machines Market is valued approximately USD 72.40 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2021-2027. Milling machines are designed to cut metal wood and other solid materials. The milling cutter removes the material from the surface of a work piece. Face milling and peripheral milling are two major types of milling processes. The increasing demand of customized metal parts, high quality products and for computer numerical control machines is driving the market of Milling Machines across the forecast period. With the increasing development of various industrial sectors, the demand of various equipment's required in these industries is also rising. The demand for more efficient and automated machines is increasing as the efficiency of these machineries fuels the growth of the companies. According to a report published in world economic forum, the global engineering and construction sector generates and average revenue of $10 trillion is expected to grow to about $15 trillion by 2025. The global defense spending is expected to grow about 2.8% in 2021, crossing the $2 trillion. However, lack of skilled labour to operate the machines as well as high maintenance cost of these machines can hamper the growth of the market over the upcoming period of 2020-2027. Thus, to overcome these restraints, various companies are investing in the research and development, in order to gain new technological advancements and reduce the high cost of these machineries to increase the market growth during the forecast period.

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The regional analysis of global Milling Machines market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Due to the rising adoption of metal cutting processes, Asia Pacific market is dominating the world by holing the largest amount of market share. Whereas, Europe is expected to show highest growth rate over the forecast period 2020-2027. Factors such as increased awareness about the energy efficient production process and economic development of the region would create impacting growth prospects for the Milling Machines market across European region.

Major market player included in this report are:
DATRON Dynamics, Inc.
Okuma Corporation
Amera Seiki
Haas Automation, Inc.
Shenyang Machine Tool Co., Ltd. (SMTCL)
Dalian Machine Tool Group (DMTG) Corporation
Hurco Companies, Inc.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Horizontal Mills
Vertical Mills
By Application:
Aerospace & Defense
Construction Equipment
Power & Energy
Transportation Machinery
Precision Engineering
General Machinery
By Region:
North America

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Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Milling Machines Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Table of Contents

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Milling Machines Market, by Region, 2019-2027 (USD Billion)
1.2.2. Milling Machines Market, by Product Type, 2019-2027 (USD Billion)
1.2.3. Milling Machines Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Milling Machines Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

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Chapter 3. Global Milling Machines Market Dynamics
3.1. Milling Machines Market Impact Analysis (2019-2027)
3.1.1. Market Drivers The increasing demand of customized metal parts Demand for high quality products
3.1.2. Market Challenges Lack of skilled labour High maintenance cost of machines
3.1.3. Market Opportunities High investment in Research & Development Technological advancement
Chapter 4. Global Milling Machines Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

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Chapter 5. Global Milling Machines Market, by Product Type
5.1. Market Snapshot
5.2. Global Milling Machines Market by Product Type, Performance – Potential Analysis
5.3. Global Milling Machines Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
5.4. Milling Machines Market, Sub Segment Analysis
5.4.1. Horizontal Mills
5.4.2. Vertical Mills
5.4.3. Others



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