Global Machining Centers Industry (2020 to 2027) - Market Trends and Drivers - ResearchAndMarkets.com

The "Machining Centers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 272-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Machining Centers Market to Reach US$5.8 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Machining Centers estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 5.7% over the period 2020-2027.

Less than 5-Axis CNC Vertical Machining Centers, one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$4.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 5-Axis or more CNC Vertical Machining Centers segment is readjusted to a revised 6% CAGR for the next 7-year period. This segment currently accounts for a 27.1% share of the global Machining Centers market.

The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 8.9% CAGR for the Period of 2020-2027

The Machining Centers market in the U.S. is estimated at US$1.1 Billion in the year 2020. The country currently accounts for a 28.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Billion in the year 2027 trailing a CAGR of 8.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the year 2027.

Competitors identified in this market include, among others:

• Allied Machine & Engineering Corp.
• Amada Co., Ltd.
• Amera-Seiki
• BYJC-OKUMA (Beijing) Machine Tools Co., Ltd.
• Dalian Machine Tool Group Corporation
• DMG Mori AG
• Doosan Corporation
• Doosan Infracore Co., Ltd.
• ENSHU Limited
• Fair Friend Enterprise Group
• FANUC Corporation
• GF Machining Solutions Management SA
• Haas Automation, Inc.
• Hardinge, Inc.
• Heller Industries, Inc.
• HMT Ltd.
• Hurco Companies, Inc.
• Hyundai WIA Corporation
• Jiuh-Yeh Precision Machinery Co., Ltd.
• JTEKT Corporation
• Kennametal Inc.
• Kiwa Machinery Co., Ltd.
• Komatsu NTC Ltd.
• Makino Milling Machine Co., Ltd.
• Matsuura Machinery Corporation
• OKK Corporation Ltd.
• Sandvik AB
• Sister Machine Technology Co., Ltd.
• SMTCL Americas
• SNK America, Inc.
• Tongtai Machine & Tool Co., Ltd.
• Toshiba Machine Co., Ltd.
• Yama Seiki USA, Inc.
• Yamazaki Mazak Corporation
• Yeong Chin Machinery Industries Co., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• Global Competitor Market Shares
• Machining Centers Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 44

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20201016005483/en/