Machining Centers Market Report 2025

The machining centres market size has grown strongly in recent years. It will grow from $28.17 billion in 2024 to $29.94 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to demand for high precision components, mass production requirements, flexible manufacturing systems, reduction in setup time, globalization of manufacturing, energy sector investments, focus on quality assurance.

The machining centres market size is expected to see strong growth in the next few years. It will grow to $38.4 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to customization in manufacturing, increasing productivity, smart manufacturing initiatives, energy efficiency requirements, global infrastructure development, advanced control systems. Major trends in the forecast period include automation and robotics, high-speed machining, multi-tasking machining centers, integration of additive manufacturing, digital twin technology, advanced tooling technologies, remote monitoring and maintenance, focus on user-friendly interfaces.

The growing adoption of automation and robotics in the manufacturing sector is anticipated to drive the expansion of the machining centers market in the future. The manufacturing industry focuses on transforming and processing raw materials, such as steel, iron, and plastic, into finished products. Machining centers play a vital role in automating manufacturing processes and are regarded as highly effective automation tools for this sector. For example, a report from the International Federation of Robotics, a professional non-profit organization based in Germany, revealed that as of September 2023, there were 553,052 industrial robot installations in factories globally, representing a 5% year-on-year growth rate in 2022. Consequently, the increasing use of automation and robotics in manufacturing is fueling the growth of the machining centers market.

The escalating demand within the aerospace industry is poised to fuel growth in the machining centers market. Within this expansive sector encompassing aircraft, spacecraft, and related systems, machining centers stand as indispensable tools for precision manufacturing meeting stringent industry standards. Reports from August 2023 indicated a 3% rise in aerospace industry revenue, reaching $741 billion in 2022 according to Cadrex. This surge in demand within aerospace acts as a significant driver for the machining centers market's growth trajectory.

Key players in the machining centers market are concentrating on developing innovative products, such as vertical machining centers (VMCs), to enhance their revenue streams. A vertical machining center is a type of computer numerical control (CNC) machine characterized by a vertically oriented spindle, which allows for precise and efficient machining of a variety of materials, primarily metals. For example, in September 2022, Makino Inc., a US-based provider of advanced CNC machining centers, introduced the Slim3n model. This machine features a stable fixed table measuring 23.6" x 15.7" with a load capacity of 881 pounds, enabling it to accommodate larger workpieces. Its closed frame design, optimized through Finite Element Analysis (FEA), enhances torsional stiffness for improved performance. Additionally, the Slim3n is equipped with a 16,000 rpm HSK-A50 spindle (with an optional 8,000 rpm for higher torque), allowing it to manage significant radial forces during milling operations. The machine can also be integrated with both manual and automated material handling systems, such as conveyors and robotic solutions.

Major entities within the machining centers market are focusing on innovation, exemplified by the introduction of double-column machining centers to drive revenue growth. These industrial machines, featuring a dual-column structure, offer enhanced stability and precision for machining large and heavy workpieces. In July 2022, Nidec Corporation unveiled the MVR-Ax series, boasting user-friendly, multipurpose equipment suitable for large-scale component production. This series, equipped with a main axis rotating at 6,000 rpm (standard) or an optional gear drive main axis reaching 4,000 rpm, caters to diverse industries like construction, industrial, and semiconductor manufacturing. Its robust ram main axes improve cutting capabilities, ensuring stability even during high-torque operations, underscoring the market's drive towards innovative double-column machining centers.

In January 2022, DTR Automotive, a Korean manufacturer specializing in rubber parts for batteries, tires, and automotive components, finalized the acquisition of Doosan Machine Tools for a transaction valued at $2.05 billion. This strategic move is anticipated to significantly bolster DTR Automotive's financial performance, with expected revenue surpassing 3 trillion won and an estimated EBITDA of 400 billion won, attributed to the inclusion of Doosan Machine Tools within its portfolio. Doosan Machine Tools, a South Korea-based manufacturer renowned for producing turning centers, machining centers, and other precision machine tools, now becomes a vital asset under the umbrella of DTR Automotive.

Major companies operating in the machining centers market are AceMicromatic Group, Amera-Seiki Corp., CHIRON Group SE, DMG Mori Co. Ltd., Doosan Machine Tools Co. Ltd., Fanuc Corporation, FFG European & American Holdings GmbH, Haas Automation Inc., Hurco Companies Inc., Jiuh-Yeh Precision Machinery Co. Ltd., JTEKT Corporation, Jyoti CNC Automation Limited, Kent CNC, Komatsu NTC Ltd., Makino Inc., Matsuura Machinery Corporation, Maxmill Machinery Co. Ltd., Mazak Corporation, Mitsubishi Electric Corporation, MTAB Engineers Private Limited, Okuma America Corporation, SCM GROUP S.p.A., Siemens AG, The Hyundai Wia Corporation, Yamazaki Mazak Corporation, Yeong Chin Machinery Industries Co. Ltd., Hornet Cutting Systems LLC, Davenport Machine Inc., Emmegi SPA, Tsugami-Rem Sales LLC, Detroit Edge Tool Company, TruCut Fabricators Co., BLM Group USA Corp., HowesTemco a div. of NN Inc., Elektriska Svetsnings-Aktiebolaget, Doosan Corp., Toyoda Gosei Co. Ltd., Hermle AG, GROB-WERKE GmbH & Co. KG.

Asia-Pacific was the largest region in the machining centers market share in 2024. The regions covered in the machining centres market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machining centres market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A machining center represents an advanced manufacturing machine tool proficient in automating multiple machine functions, enhancing precision, and delivering superior finish quality compared to manual machining techniques.

The machining centers market, distinct segments encompass horizontal machining centers, vertical machining centers, and other specialized types, all adept at performing various CNC tasks such as drilling, boring, and milling with exceptional precision. A horizontal machining center features a spindle positioned parallel to the ground floor, employing tools extended from the tool holder's side to execute cutting across the workpiece's side. This market encompasses diverse distribution channels including direct sales and third-party sales. Applications span across industries like automotive, aerospace, construction and agriculture, fluid power, oil and energy, among others.

The machining centres report is one of a series of new reports that provides machining centres statistics, including machining centres industry global market size, regional shares, competitors with an machining centres share, detailed machining centres segments, market trends and opportunities, and any further data you may need to thrive in the machining centres industry. This machining centres market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The machining center market consists of sales of graphite machining centers and gantry machine centers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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