NEW YORK, Oct. 14, 2021 /PRNewswire/ -- The 5-axis CNC machining centers market is expected to grow by USD 627.30 million at a CAGR of 5.75% from 2021 to 2025, according to the latest research report from Technavio. The 5-axis CNC machining centers market analysis includes product, end-user, and geography segments. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The 5-axis CNC machining centers market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The market is driven by the amplified requirement for multi-disciplinary machines. The rise in need for technologically advanced 5-axis CNC machines will also drive the 5-axis CNC machining centers market growth during the next few years.
The 5-axis CNC machining centers market covers the following areas:
CNC Machine Tools Market: The CNC machine tools market has been segmented by product (CNC lathe machines, CNC milling machines, and other CNC machines) and geography (APAC, Europe, North America, South America, and MEA). Download Exclusive Free Sample Report Now
CNC Vertical Machining Centers Market: The CNC vertical machining centers market has been segmented by product (less than 5-axis and 5-axis or more), end-user (automotive, aerospace, metal fabrication, and others), and geography (APAC, Europe, North America, South America, and MEA). Download Exclusive Free Sample Report Now
5-Axis CNC Machining Centers Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of almost 6%
Market growth 2021-2025
USD 627.30 million
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 41%
Key consumer countries
US, China, Germany, Japan, and France
Leading companies, competitive strategies, consumer engagement scope
FANUC Corp., Haas Automation Inc., Hurco Companies Inc., Jyoti CNC Automation Ltd., Makino Milling Machine Co. Ltd., Mitsubishi Electric Corp., Okuma Corp., SCM GROUP Spa, Siemens AG, and Yamazaki Mazak Corp.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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