Global Machining Centres Market 2023-2028: Industry 4.0 Revolutionizes the Market as Automation & Advanced Technologies Steer Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Machining Centres Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global machining centres market witnessed impressive growth in 2022, reaching a value of USD 28.06 billion. Fueled by the increasing demand for precision engineering and the adoption of automation in manufacturing processes, the market is projected to grow at a CAGR of 8.1% from 2023 to 2028, reaching a value of USD 43.17 billion by 2028.

As industries seek cost reduction and improved performance, the adoption of machining centres has surged, enabling the production of complex, high-precision parts with minimal human error.

The integration of advanced technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) has further propelled the market. These technologies facilitate real-time monitoring, predictive maintenance, and process optimization, resulting in higher productivity and reduced downtime. The demand for smart machining centres is expected to witness significant growth in the coming years.

Rapid industrialization in developing countries like India and China is a key trend driving the market's expansion. Growing economies demand advanced manufacturing equipment and technologies, leading to increased adoption of machining centres to cater to rising production needs. Additionally, the focus on green and sustainable manufacturing practices has spurred the development of energy-efficient machining centres, contributing to a cleaner environment.

The market is segmented based on type (horizontal machining centre, vertical machining centre, and others), application (automotive, aerospace, construction, general engineering, oil and energy, and others), and region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).

Leading Players

• JTEKT Corporation
• FANUC Corporation
• Yamazaki Mazak Corporation
• FFG European and American Holdings GmbH
• Makino Milling Machine Co. Ltd.
• Okuma Corporation

These key players have made significant developments in the machining centres market, including plant turnarounds, capacity expansions, investments, and acquisitions and mergers.

Key Topics Covered

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Market Snapshot

7 Opportunities and Challenges in the Market

8 Global Machining Centres Market Analysis

9 North America Machining Centres Market Analysis

10 Europe Machining Centres Market Analysis

11 Asia Pacific Machining Centres Market Analysis

12 Latin America Machining Centres Market Analysis

13 Middle East and Africa Machining Centres Market Analysis

14 Market Dynamics

15 Trade Data Analysis (HS Code - 8457)

16 Competitive Landscape

17 Key Trends and Developments in the Market

For more information about this report visit https://www.researchandmarkets.com/r/pz2jfl

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