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Vertical machining centers are used in high precision work and widely adopted in the automotive and aerospace industries. These centers are gaining popularity across a broad range of industries due to their low cost. Vertical machining centers are seeing tremendous improvement in terms of performance in the last few years due to continuous advances in technologies. These factors will drive the demand for vertical CNC machining centers during the forecast period.
Scope of the Report:
This report studies the CNC Vertical Machining Centers market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the CNC Vertical Machining Centers market by product type and applications/end industries.
According to the report, the cutting process primarily consists of milling and gun drilling processes and operations. The rising self-optimization capability of these processes in advanced CNC vertical machining centers as compared with traditional manual machines is likely to increase the production efficiency of cutting processes with a reduction in cost.
The global CNC Vertical Machining Centers market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of CNC Vertical Machining Centers.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Haas Automation
- SMTCL Americas
- Yamazaki Mazak
- CMS North America
- Jyoti CNC Automation
- Komatsu NTC
- KRUDO Industrial
- Mitsubishi Electric
- DMG MORI
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Less Than 5-Axis
- More Than 5-Axis
Market Segment by Applications, can be divided into
- Automotive Industry
- Aerospace Industry
- Metal Fabrication Industry