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

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Feb 19, 2024, 06:00 ET

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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