Latest News- CNC Vertical Machining Centers Market: Less Than 5-Axis is expected to lead the Product segment during 2025-2029

The CNC Vertical Machining Centers Market is being driven by Increasing demand for CNC-incorporated machine tools

The CNC Vertical Machining Centers Market is expected to grow at a CAGR of 5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1090.8 million. The global shift towards electric vehicles (EVs) is significantly impacting the manufacturing landscape, particularly the CNC vertical machining centers market. With the elimination of traditional internal combustion engine (ICE) components such as exhaust systems, pistons, valves, crankshafts, engine blocks, and exhaust headers, there is a anticipated ripple effect. This reduction in demand for these machined parts may result in a substantial market contraction, raising concerns about the long-term viability of numerous vendors in this intricate market. Simultaneously, the growing emphasis on autonomous vehicle development among automotive stakeholders presents both challenges and opportunities for the CNC vertical machining centers market. 

Get more information on CNC Vertical Machining Centers Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Less Than 5-Axis
  • 5-Axis
  • More Than 5-Axis
• End-user
  • Automotive
  • Aerospace
  • Metal fabrication
  • Others
• Application
  • Milling
  • Drilling
  • Boring
  • Tapping
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for CNC-incorporated machine tools
• Rising demand for metal fabricated products
• Development of advanced manufacturing processes in industrial machinery sector

However, the market also witnesses some limitations, which are as follows:

• Availability of horizontal machining centers and refurbished vertical machining centers
• Lack of skilled workforce in manufacturing sector
• Stringent regulations in manufacturing industry

Benefits of Buying Global CNC Vertical Machining Centers Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in CNC Vertical Machining Centers Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The CNC Vertical Machining Centers Market encompasses advanced technologies such as linear guides, ball screws, servo motors, closed-loop control, machining software, CAD/CAM integration, tool management systems, tool wear monitoring, process monitoring, machine diagnostics, machine monitoring, data analytics, machine learning, artificial intelligence, robotic machining, collaborative robots, human-robot collaboration, machining automation solutions, custom machining, contract machining, prototype development, rapid prototyping, low-volume production, high-volume production, mass production, precision engineering, laser machining, waterjet cutting, plasma cutting, wire EDM, and various CNC machines including milling machines, turning centers, grinding machines, drilling machines, boring machines, sawing machines, and routing machines. These technologies enhance productivity, accuracy, and efficiency in manufacturing processes, enabling applications in diverse industries.

Market Research Overview

The CNC vertical machining centers market is a significant segment of the larger global industrial machinery and supplies and components market. This market encompasses businesses specializing in the production of vertical machining centers, which are automated, precision machining solutions for high-speed, multi-axis manufacturing. The size of the global industrial machinery and supplies and components market is determined by Technavio based on the consolidated revenue generated by manufacturers of machinery and components employed in industrial applications. Factors driving growth in this sector include expanding industrial production in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/