Machining Center Market Size, Share, Opportunities, And Trends By Type (Horizontal, Vertical), By Axis Type (3 Axis, 4 Axis, 5 Axis), By End-User (Automotive, Aerospace, Power & Energy, Electronics, Oil & Gas, Others), And By Geography - Forecasts From 2023 To 2028

The machining center market is anticipated to show steady growth during the forecast period.

A machining center is an industrial machinery used for a variety of machining operations. It combines several functions into a single machine, such as milling, drilling, tapping, and boring, to provide more flexible and efficient operations. Such centers are widely used in industries such as automotive, aerospace, and manufacturing for accurate cutting, shaping, and drilling of various products. The establishment of aircraft and automotive manufacturing plants coupled with the growing emphasis on smart manufacturing has contributed to the expansion of the machining center market.

Market Drivers

• Automotive manufacturing plant establishment bolsters the machining center market growth.

The establishment of new automotive manufacturing plants necessitates the use of advanced machining centers. This provides advanced and efficient milling options for a wide range of automotive elements such as engine production, transmission manufacturing, chassis, and suspension parts. In September 2023, Lucid Group officially unveiled Saudi Arabia's first car manufacturing facility, which produces Lucid's groundbreaking electric car for the Saudi market as well as exports to other markets worldwide. Additionally, in December 2022, General Motors opened Canada's first full-scale EV plant to manufacture BrightDrop Zevo completely electric delivery vans.

• Multi-axis machining capabilities drive the machining center market growth.

Machining centers are featured with multi-axis abilities such as 3-axis, 4-axis, and 5-axis enabling the simultaneous production of complex parts from various angles. This capability is particularly useful in industries such as aerospace, energy, and electronics. Due to these multi-axis capabilities, machining centers are in high demand in industrial operations which is driving the overall market growth. Mazak Corporation provides the VC-Ez 16X Vertical Machining Center, which enables accurate and efficient processing of small complex parts using 3+2 or full 5-axis machining with a variety of spindle configurations for long-term performance.

The establishment of an aircraft manufacturing plant fuels the machining center market growth.

The aerospace industry demands high-precision solutions for manufacturing aircraft parts such as bulkheads, wing parts, transmissions, and landing gears. Machining centers are ideal solutions for producing intricate and accurate parts. The establishment of aircraft manufacturing plants increased the adoption of machining centers. For instance, in October 2023, Beta Technologies opened its production facility at Vermont's Patrick Leahy Burlington International Airport which can produce 300 aircraft annually. Additionally, in September 2022, De Havilland Canada announced the new aircraft manufacturing facility in Wheatland County, Alberta which includes a new, cutting-edge aircraft assembly facility, and parts manufacturing facilities.

Asia Pacific is expected to grow significantly.

Asia Pacific is expected to account for a significant share of the machining center market due to various initiatives and efforts undertaken by key players in the establishment of new manufacturing units to increase production. For instance, in December 2023, Mitsubishi Electric established a production plant for advanced factory automation systems in Maharashtra, India. Additionally, in November 2023, Polestar confirmed the next step in its manufacturing footprint diversification, with the production of Polestar 4 in Hangzhou Bay, China. In March 2022, Hyundai Motor Company established its first manufacturing plant in Indonesia, in the Deltamas industrial complex. Furthermore, favorable initiatives such as “Industry 4.0” and government schemes to bolster industrial automation are acting as additional driving factors.

Market Restraints

• Cost consideration will restrain the growth of the machining center market growth.

The high initial costs of machining centers can be a major obstacle for small and medium-sized businesses, Customers are frequently concerned with cost-effectiveness, which leads to price sensitivity limiting the implementation of these advanced manufacturing technologies. This may hinder the growth of the machining center market.

Market Development

• September 2022- Okuma America Corporation introduced a new 5-axis vertical machining center to its product line. The GENOS M560V-5AX is a new machine that adds 5-axis capabilities. It is constructed with a double-column machine design for maximum structural integrity.
• September 2022- Makino Inc. introduced the Slim3n three-axis vertical machining center, a high-performance, compact solution for component and part processes that require turnkey and automation. With a 50 m/min rapid rate and 1.5 G Z-axis acceleration, the Slim3n is suitable for a variety of drilling and tapping applications.
• September 2022- Mazak introduced the VC-Ez 16X Vertical Machining Center and MAZATROL SmoothEz5 CNC, the latest additions to the efficient, compact Ez Series at IMTS 2022. The new CNC allows the VC-Ez 16X, built in Kentucky, to process small complex parts using 3+2 or full 5-axis machining.
• February 2021- Heller introduced the fourth generation of its horizontal machining technology, the H series. The 4-axis horizontal machining centers outperform the previous generation by offering shorter idle times, improved milling performance, shorter service times, and more flexible modification to customer requirements.
• Company Products
• ZERO 4000- ZERO 4000 is a milling machine offered by Zayer. It comes with a table surface of 4.000 x 1.000 mm and provides longitudinal travel of 4.000 mm, cross travel of 1.200 mm, and vertical travel of 1.600 mm. ZERO 4000 contains 2 longitudinal and 1 cross goose neck chip conveyor.
• Slim3n Vertical 3-Axis- Makino's new compact vertical machining center Slim3n, provides superior accuracy and efficiency for high-volume part production. The Slim3n is appropriate for a wide range of element machining applications centered on optimizing the machining process, improving adaptability, achieving an effortless workflow, and integrating various types of automation. The Slim3n has two spindle speeds 6,000 rpm and 8,000 rpm, and its typical 26-tool ATC magazine provides smooth, quick indexing.
• TH Series 5-Axis Universal Machining Center- TH SERIES 5-AXIS UNIVERSAL MACHINING CENTERS is a high-productivity multitasking center for milling, boring, and turning provided by JUARISTI. It is built for multitasking and its symmetrical design, which includes a central head and four vertical guides (two in front and two in back), as well as its oversized structural elements, provide excellent durability and stability.
• Mycenter-3020G 15k Sparkchanger Vertical Machining Center- It is a type of machine center provided by Kitamura Machinery and is perfect for heavy-duty mold cutting to fast speeds and accuracy cutting for highly precise parts. It has a 20HP AC, 20,000rpm 4-step gear driven, multiple contact spindle.

Segmentation

• By Type
  • Horizontal
  • Vertical
• By Axis Type
  • 3 Axis
  • 4 Axis
  • 5 Axis
• By End-User
  • Automotive
  • Aerospace
  • Power & Energy
  • Electronics
  • Oil & Gas
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others