NEW YORK, Nov. 25, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global 5-axis CNC machining centers market size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.09% during the forecast period. Self-optimized machine cutting is driving market growth, with a trend towards reduction of changeover time for 5-axis cnc machines. However, highly capital-intensive market poses a challenge.Key market players include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp..
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5-Axis Cnc Machining Centers Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.09% |
Market growth 2024-2028 |
USD 792.5 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.64 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Germany, Japan, and France |
Key companies profiled |
DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp. |
Market Driver
Five-axis CNC machining centers are advanced manufacturing solutions that offer precision, adaptability, and efficiency for industrial operations. These systems utilize linear axes for X, Y, and Z movements, as well as rotating axes for A and B, enabling multi-sided machining of complex parts. Trends in this market include the medical industry's demand for high-precision components, aerospace and defense's need for lightweight structures, and hybrid manufacturing combining subtractive processes with additive technologies. CNC programming, toolpath optimization, and specialized training are essential for effective operation. Precision engineering sectors, such as aerospace, automotive, and medical, benefit from the ability to produce complex geometries with minimal setup times and cycle time. Real-time monitoring, smart instruments, and multifaceted tools ensure manufacturing efficiency and quality improvement. Vertical machining centers and horizontal machining centers cater to various industries, including petroleum, metal fabrication, commercial aviation, military systems, electric vehicles, and general machinery. Industrial robots further enhance manufacturing processes by automating material handling and labor safety. Five-axis technology's adaptability and precision make it an indispensable part of modern manufacturing processes, driving innovation in various industries.
The 5-axis CNC machining centers market is experiencing increased demand due to the significance of reducing changeover times to enhance productivity. Changeover time, the interval between the completion of one workpiece and the setup of the next, significantly impacts productivity negatively. To mitigate this issue, manufacturers are focusing on trends such as parallel operation. During parallel operation, workpieces are prepared in separate working areas while the CNC machine executes an operation on another workpiece. This approach reduces idle time and ultimately boosts productivity, making 5-axis CNC machines an attractive investment for businesses.
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Market Challenges
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Segment Overview
This 5-axis cnc machining centers market report extensively covers market segmentation by
1.1 Automotive- The global automotive industry is experiencing significant changes due to regulatory framework updates, technological advancements, and evolving customer preferences. OEMs are responding by launching new vehicle categories, such as micro-SUVs and mid-size pickup trucks, to cater to diverse customer segments. Strict emission regulations and fuel efficiency standards are pushing automakers to adopt advanced manufacturing technologies, including 5-axis CNC machining centers. These systems enable cost-effective production of automotive parts and components with high precision. Despite the popularity of 3-axis machining, 5-axis CNC systems are increasingly preferred for turning and milling operations. The increasing demand for automobiles, particularly in oil-importing countries like India and China, will drive the growth of the 5-axis CNC machining centers market in the forecast period. The low gasoline prices are also fueling investment in the automotive sector, leading to higher adoption of these advanced manufacturing technologies.
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Research Analysis
The 5-axis CNC machining centers market represents the latest evolution in advanced machining systems, offering unparalleled precision and adaptability for industrial operations. These systems enable the production of complex parts with intricate geometries, reducing setup times and increasing efficiency. 5-axis machining centers utilize both linear axes for X, Y, and Z movements, as well as rotating axes for B and C movements, allowing for multi-sided machining. Industries such as medical, aerospace, petroleum, and metal fabrication benefit greatly from these high-precision components. Hybrid manufacturing, combining 5-axis machining with other processes like additive manufacturing, further expands the capabilities of these systems. Vertical and horizontal machining centers are common types, each with their unique advantages. Cycle time and material handling are critical factors in optimizing manufacturing processes, while quality improvement and changeover time are essential for maintaining competitiveness. Computer Numerical Control (CNC) technology ensures precise tool movement, and the manufacturing process is streamlined through efficient setup and production processes.
Market Research Overview
The 5-axis CNC machining centers market encompasses advanced machining systems designed for manufacturing complex parts with high precision and adaptability. Industrial operations rely on these systems to produce intricate components with minimal setup times and increased manufacturing efficiency. 5-axis technology incorporates linear axes for X, Y, and Z movements, as well as rotating axes for B and C axes, enabling multisided machining and manufacturing of complex geometries. Industries such as medical, aerospace and defense, petroleum, and automotive benefit from the production of high precision components using these systems. Hybrid manufacturing, subtractive processes, and CNC programming are integral to the manufacturing process, requiring specialized training for operators. Real-time monitoring, toolpath optimization, and smart instruments enhance the production process, reducing cycle time and changeover time. Vertical and horizontal machining centers cater to various industries, including aerospace, defense, commercial aviation, electric vehicles, and general machinery. The integration of industrial robots and advanced manufacturing solutions further streamlines manufacturing processes, ensuring labor safety and quality improvement.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio