Milling is the machining process in which rotary cutters remove material from a work piece from axis of the tool. Milling machines are tools designed to cut metal, wood, and other solid materials. Often automated, milling machines can be positioned in either vertical or horizontal orientation to carve out materials based on a pre-existing design. Milling machines accomplish different machining operations according to specific needs. Various tools are equipped in the milling machines for the operations. Some of these tool heads include cutters, rounding mills, fluted mills, and ball end mills.
Demand for high quality products is a major factor responsible for the rise in demand for milling machines. Increase in demand for computer numerical control (CNC) machines due to its advanced technique and precise cutting has boosted the global milling machines market. There are three types of milling machines available in the market: manual, semi-automatic, and automatic milling machines. Manufacturers are focusing on technological development of the product to make it more advanced and efficient. Rise in automation has led to increased demand for automatic milling machines. These machines are capital intensive and require less human involvement. Manufacturers are employing automatic milling machines in order to increase the production capacity. Demand for CNC machines has increased over the years since they are highly efficient, productive, and enable incorporation of new technologies. These advantages of the machines have fuelled the growth in the establishment of manufacturers and distributors to provide machines. Development of 6-axis machines has enabled the conversion of the final product by turning from both ends of the fixture, thus eliminating multiple fixtures and other activity in the machining process. It also avoids the waiting period during the shifting of the work piece from one machine to another and prevents queuing. Further, milling machines can be used to carry out complex work such as drilling holes of different diameters and shapes or variable cutting speed and pattern. The Asia Pacific market is expected to expand at the highest CAGR among all regions due to increasing manufacturing activity in India and China. Players are setting up plants in this region due to availability of raw material and labor intensive manufacturing (labor is cheap in the region).
However, lack of skilled labor in the manufacturing industry may restraint the global milling machines market. Manual and semi-automatic machines require input from labor. Labor should be skilled enough to operate the machines. Automatic milling machines are capital intensive and some end-users may not be able to purchase them. These machines require regular maintenance for smooth functioning, which increases the operation cost. The setback in the European machine tools manufacturing market can prove to be a disadvantage for the global milling machines market.
The global milling machines market can be segmented based on product, type, distribution channel, and region. On the basis of product type, the milling machines market can be classified into horizontal milling machine, vertical milling machine, planner milling machine, CNC milling machine, fixed bed milling machine, and others. On the basis of type, the milling machines market can be classified into automatic, semi-automatic, and manual. Based on distribution channel, the milling machines market can be classified into online and offline. Based on region, the milling machines market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Key players in the global milling machines market are Brother Industries, Ltd., Dalian Machine Tool Group Corporation, DMG Mori Seiki Co. Ltd., Fryer Machine Systems, Inc. GF Machining Solutions Management SA, GILDEMEISTER energy solutions GmbH, Kitamura Machinery, Makino Milling Machine Co., Ltd. Shenyang Machine Tools Co. Ltd., and Yamazaki Mazak Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.