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

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 sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess 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 CentersRobust 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 2026Global Economic UpdateShaken 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 2022War-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 2024After 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 2023CompetitionMachining 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 IndustryMachining 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 2022World BrandsRecent Market ActivityInnovations

MARKET TRENDS & DRIVERS

Smart Machining Centers Become Pivotal to COVID-19-Led Shift Towards Smart ManufacturingCNC Machining Remains the Most Popular Subtractive Manufacturing Technology. Here’s WhyRise of Precision Manufacturing Spurs Investments in Precision Machining CentersRobust 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 CentersCombining Subtractive and Additive Machining Capabilities is the New Flavor of Innovation in Machining CentersHorizontal Machining Centers Score Over Vertical Machining CentersCNC Machining Centers With Miniature Inductive Sensors in the SpotlightMetal Fabrication Drives Demand for CNC Vertical Machining CentersStrong 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 & 2026Rapid Mushrooming of Job Shops in Developing Countries Poised to Benefit DemandReshoring Drives Growth Prospects in Developed MarketsLed by EVs, the Automotive Industry Emerges as a Major End-Use Sector for Machining CentersMaking 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 & 2026Machining Centers Evolve as Preferred Tools for Manufacturing Critical & Complex Components Aircraft PartsThe 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 2026Heavy Equipment/Machinery Manufacturing Industry Promises Bright ProspectsSpecial Focus on IoT Enabled Machining CentersStrong 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 2028AI to Make an Impact on Machining CentersGreen Machining Centers Will Soon Be a Reality. Here’s All You Need to KnowInnovations Remain Crucial for Sustained Growth

FOCUS ON SELECT PLAYERS (Total 416 Featured)

600Group PLCAble Engineering Pty., Ltd.Absolute Machine Tools, Inc.AccuteX Technologies Co., Ltd.Addison Saws Ltd.Adriatica Industriale SrlAlesamonti SrlAlfing Kessler Sondermaschinen GmbHAlfra GMBHAllied Machine & Engineering CorporationAccuway Machinery Co. Ltd.Ace Micromatic GroupAkira Seiki Co., Ltd.Agmachine Techno Company LimitedAcra Machinery

For more information about this report visit https://www.researchandmarkets.com/r/fdya52

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