Global Machining Centers Strategic Business Report 2024: Market to Reach $27.4 Billion by 2030 - Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Machining Centers - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering. 

Global Machining Centers Market to Reach $27.4 Billion by 2030

The global market for Machining Centers estimated at US$17.2 Billion in the year 2022, is projected to reach a revised size of US$27.4 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Vertical, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$17.7 Billion by the end of the analysis period. Growth in the Horizontal segment is estimated at 6.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 6% CAGR

The Machining Centers market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

• Strong Focus Shed on Automation in Manufacturing Provides the Cornerstone for the Growth of Machining Centers
• Robust Outlook for Industrial Automation Brightens the Sentiment in the Machining Centers Market: Global Opportunity for Industrial Automation (In US$ Billion) for Years 2022, 2024 and 2026
• Global Economic Update
• Shaken by the War, Global Oil Prices Spiral & Feed Inflationary Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022: Global Inflation Rates (In %) for the Years 2019 Through 2024
• After the Pandemic, Global Economic Uncertainty Surges Amidst War, Inflation, Political Tensions & Supply Chain Disruptions Aggravated by China's Slowdown: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Competition
• Machining Centers - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Machining Centers: Overview, Types & Market Dynamics of the Machine Tools Industry
• Machining Centers is a Strong & Lucrative Part of the Machine Tools Industry: % Share Breakdown of key Segments in the Global Machine Tools Industry for the Year 2022
• World Brands
• Recent Market Activity
• Innovations

MARKET TRENDS & DRIVERS

• Smart Machining Centers Become Pivotal to COVID-19-Led Shift Towards Smart Manufacturing
• CNC Machining Remains the Most Popular Subtractive Manufacturing Technology. Here's Why
• Rise of Precision Manufacturing Spurs Investments in Precision Machining Centers
• Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities for Machining Centers: Global Precision Parts Market for the Years 2022, 2024, 2026 & 2028 (In US$ Million)
• Market Witnesses Notable Uptick in Demand for Five-Axis Machining Centers
• Combining Subtractive and Additive Machining Capabilities is the New Flavor of Innovation in Machining Centers
• Horizontal Machining Centers Score Over Vertical Machining Centers
• CNC Machining Centers With Miniature Inductive Sensors in the Spotlight
• Metal Fabrication Drives Demand for CNC Vertical Machining Centers
• Strong Demand for Metal Fabrication Services Translates Into Increased Business Opportunity for Machining Centers: Global Sheet Metal Fabrication Services Market (In US$ Million) for Years 2021, 2023, 2025 & 2026
• Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit Demand
• Reshoring Drives Growth Prospects in Developed Markets
• Led by EVs, the Automotive Industry Emerges as a Major End-Use Sector for Machining Centers
• Making Parts for Next-Gen Vehicles & Ability to Move Quickly from Prototyping to Mass Production to Spur Growth of Machining Centers: Global Sales of EVs (In 000 Units) for Years 2022, 2024 & 2026
• Machining Centers Evolve as Preferred Tools for Manufacturing Critical & Complex Components Aircraft Parts
• The Massive Market for Aerospace Parts Manufacturing to Expand the Addressable Market Opportunity for Machining Centers: Global Aerospace Parts Manufacturing Market (In US$ Billion) for Years 2022, 2024 and 2026
• Heavy Equipment/Machinery Manufacturing Industry Promises Bright Prospects
• Special Focus on IoT Enabled Machining Centers
• Strong Growth & Progressive Maturity of Industrial Internet of Things (IIoT) Means the Technology is Ripe for Integration in Machining Centers: Global Market for IIoT (In US$ Billion) for Years 2022, 2024, 2026 and 2028
• AI to Make an Impact on Machining Centers
• Green Machining Centers Will Soon Be a Reality. Here's All You Need to Know
• Innovations Remain Crucial for Sustained Growth

FOCUS ON SELECT PLAYERS (Total 416 Featured)

• 600Group PLC
• Able Engineering Pty., Ltd.
• Absolute Machine Tools, Inc.
• AccuteX Technologies Co., Ltd.
• Addison Saws Ltd.
• Adriatica Industriale Srl
• Alesamonti Srl
• Alfing Kessler Sondermaschinen GmbH
• Alfra GMBH
• Allied Machine & Engineering Corporation
• Accuway Machinery Co. Ltd.
• Ace Micromatic Group
• Akira Seiki Co., Ltd.
• Agmachine Techno Company Limited
• Acra Machinery

For more information about this report visit https://www.researchandmarkets.com/r/fdya52

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