LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global 5-axis CNC machining centers market report. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
Five-axis CNC machines provide a high degree of precision and accuracy, with reduced change over time. Complex applications such as milling, turning, and grinding, are simplified with the use of 5-axis CNC machining in the factory. Increased demand for high-quality products with low turnaround times is driving the 5-axis CNC machining centers market.
Competitive vendor landscape
The global 5-axis CNC machining centers market is moderately consolidated and is characterized by a mix of global and regional vendors. In the present market scenario, vendors are constantly trying to invest in technology to develop innovative, energy-efficient, and advanced CNC solutions, which can be used in end-user industries.
“Local vendors operating in the market are unable to sustain profit margins, owing to the dominance of established global players. End-users are more inclined toward reputed players that provide high-quality and premium products at a higher price,” says Raghav Bharadwaj Shivaswamy, a lead automation research analyst from Technavio.
As the global 5-axis CNC machining centers market is in a growth phase, it is expected to see a number of mergers and acquisitions during the forecast period. APAC promises to be a high-growth market where vendors are expected to diversify in terms of their global presence.
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Top five 5-axis CNC machining centers market vendors
Haas Automation provides a wide range of CNC machines under four major categories, namely, horizontal machining centers, vertical machining centers, CNC lathes, and rotary products. Haas Automation produces all critical components in-house using exclusive state-of-the-art CNC machine tools to ensure the maximum accuracy.
Hurco is a leading player in CNC machine tool technology for the past 45 years and owns approximately 80 patents. It manufactures reliable CNC machine tools that have the most precise control, through advanced programming.
Makino 5-axis horizontal machining centers ensure optimized productivity and accuracy in the most complex 5-axis machining tool applications. Makino 5-axis vertical machining centers are designed to maximize productivity through thermal stability and the elimination of cumulative errors.
Okuma is a prominent manufacturer of CNC machine tools across the globe, delivering innovative solutions such as a new ground business strategy. Its 5-axis CNC machines deliver high-speed operation with increased level of accuracy.
Shenyang Machine Tools
Shenyang Machine Tools ABswing series CNC machines serve industries such as aviation, space, energy, shipbuilding, and molds. Its products are subjected to plastic deformation as per the market needs to meet the requirements of large-scale and strong capacity machining. The products are widely used in applications such as processing of molds, base frames, cases, and large and small boxes in various industries.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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