CNC Plano Milling Machines Market Size, Share and COVID Impact Analysis, By Product Type (Horizontal and Vertical), By End Users Industry (Automotive, Aerospace, Steel, Electronics, Manufacturing, and Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
A CNC Plano Milling Machine is a metalwork machine tool that employs linear relative motion between the workpiece and the cutting tool. It is suitable for machining components, such as cast iron, carbon steel, low and high alloy steel, and various nonferrous and ferrous metals. It is used in various industries for profile machining, welding, turning, boring, milling, facing & drilling operations as per need as well as to generate complex 3D shapes on metal and plastic surfaces. The machine is an economic alternative to VMC for machining large jobs with accuracy and high productivity. Owing to high durability, high flexibility, high machining capacity, and easy maintenance CNC Plano Milling Machines are used widely in heavy industries like automotive, aerospace, steel, power, and electronics.
The CNC Plano Milling Machines Market is fueled by the rising global automobile industry and the growing need to reduce the operational costs of companies. Additionally, the rise in demand for automation across various industries brings down manufacturing time and reduces human-caused errors.
Impact of COVID-19 on the CNC Plano Milling Machine Market
The COVID-19 pandemic had a major financial impact on the global economy. All the major end-user industries of CNC Plano Milling Machine like automobile, manufacturing, and aerospace were adversely impacted due to the sudden lockdown, government restrictions, and shortage of labor caused due to pandemic. However, the large-scale vaccination drives, reduction of cases, and ease of restrictions have paved the way for the revival of the market. The market is expected to rise in the subsequent years post-COVID-19 due to the high demand from the industrial sector and the increasing utilization of CNC for manufacturing processes.
Key Insights
The report will cover the following key insights:
- Recent industry trends and developments.
- Competitive landscape & strategic key players.
- Complete background analysis including an assessment of the global market.
- Impact of COVID-19 on the market
Regional Analysis
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- Europe dominates the CNC Plano Milling Machine Market due to the strong presence of robust industrial infrastructure in the region with Germany being the major contributor to the market owing to the large automobile industry in the country. Apart from Germany countries like U.K., France, and Italy have also contributed to the market growth.
- North America holds the second largest market share in CNC Plano Milling Machine Market and going forward it is expected to show significant growth due to the rising use of automation and advanced technology in the U.S. Additionally rising utilization of machine tools for metalworking facilities over different sector will boost the adoption of such machines in the region.
- Asia Pacific is expected to grow fastest during the forecasted period due to rise in industrialization especially the automobile sector in countries like India and China. Japan, South Korea, and Australia have also fueled the market in the Asia Pacific region.
- Compared to other regions, MEA and Latin America showcase sluggish market growth.
Key Players Covered
DMG MORI, MAZAK, GILDEMEISTER, Komatsu, OKUMA, DOOSAN, PCI SCEMM, LiCON MT, DATRON Dynamics, and Rottler Manufacturing are among the notable market players.
Market Segmentation
By Type | By End User Industry | By Region |
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India China Japan Australia South Korea
U.S. Canada Mexico
Brazil Argentina
France Germany U.K. Spain Italy
Saudi Arabia South Africa UAE |
Key Industry Developments
- In September, 2021 - DMG MORI and Schaeffler strengthened their partnership to enable the digitization of tool manufacturing
- In February, 2019 - DATRON announced a new partnership in Autodesk Generative Design Field Lab to compile methods that manufacturers employ, in a digital manufacturing and design facility equipped with cutting edge technology.
- Ongoing
- 2023
- 2019-2022
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