LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global CNC horizontal machining centers market report. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
Earlier, emerging applications created the need for specialized CNC machine tools across major industries such as the automotive, aerospace, and metal fabrication. This continued to increase the demand for CNC machines in these industries for many decades. Vertical CNC machining centers gained popularity in these industries as they cater to most industrial needs at low cost.
Competitive vendor landscape
The global CNC horizontal machining centers market is moderately concentrated and is characterized by a mix of global and regional vendors. In the present market scenario, vendors are constantly trying to invest in technologies to develop innovative, energy-efficient, and advanced CNC solutions that can be used in end-user industries.
“Local vendors operating in the market are unable to maintain a profit margin owing to the dominance of established global players. End-users are 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 CNC horizontal machining centers market is in the nascent phase, the market is expected to see aggressive investments during the forecast period. Among geographical regions, APAC promises a high growth market where vendors are expected to diversify in terms of global presence.
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Top five CNC horizontal machining centers market vendors
Haas Automation is a leading manufacturer of CNC machines that delivers standard features, high-tech innovations, and solid engineering products at a competitive price. High-quality Haas machines are configured to ensure simple maintenance and low-cost operation.
Hurco is a leading player in CNC machine tool technology for the last 45 years with 80 patents. It manufactures reliable CNC machine tools with the most precise control through advanced programming.
Makino is a global leader in metal-cutting and manufacturing technology, with highly reliable and industry-specific horizontal machining centers and vertical machining centers. It also has diversified its products in the area of wire EDM, Ram EDM, and graphite machining centers.
Okuma is a prominent manufacturer of CNC machine tools worldwide that delivers innovative solutions. Its 5-axis CNC horizontal machining centers deliver high-speed operations with increased level of accuracy.
SMTCL Americas is a leading manufacturer of machine tools. It makes milling, boring, turning, and drilling machines for a wide range of industries, including automotive, aerospace, defense, infrastructure building, health, and energy management.
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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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