Growth in Demand for Fabricated Products Anticipated to Drive Global 3-axis Vertical Machining Centers Market: Ken Research

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Vertical machining relies on revolving cutters to eliminate metal from a work piece. It is also recognized as milling. Vertical machining occurs on the vertical machining center (VMC) that employs a shaft using a vertical orientation. With an upright oriented spindle, apparatuses stick straight down from tool holder, and cut across the top of a work piece. These machining is preferred where three-axis (3 axis) work is done on a single face as in mold and die work. 3-axis vertical machining works on the 3 axes,  It is one of the most generally used techniques to form mechanical parts, and can be used for automatic & interactive operation for instance milling slots, drilling holes, and cutting sharp edges.  3-axis VMC have been leaders in machine tools in aerospace, medical, die mold and energy industries. The key benefits are included high efficiency, high spindle speed & rapid feed speed, increased productivity, stability completing heavy-duty cutting and high volume or low volume applications.

Global 3-axis Vertical Machining Centers MarketAccording to study, “Global 3-axis Vertical Machining Centers Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global 3-axis vertical machining centers market are  GFMS, Hermle, Chiron, DMG MORI Co. Ltd., SPINNER, Makino, Mazak, Alzmetall, Okuma Corp., JTEKT, Hardinge, MECAL, STAMA, FOM Industries, CB Ferrari, Emmegi, Fadal, Schaublin, Haas Automation Inc., Accuway, Hurco, SMTCL, AWEA, YCM, FIDIA, Hanland, DMTG, BYJC, JFMT, RIFA. The key vendors have been subjecting their products to considerable technological disruptions with an integration of modern technologies such as Non-Uniform Rational Basis Spline (NURBS) which can produce several shapes ranging from 2D line and curve or arc to complex 3D organic free-form surfaces & solids and provides better control over cutting and other operations in each axis.

Based on product type, 3-axis vertical machining centers market is segmented into low speed type and high speed type. In addition, based on end-use industry, market is segmented into aerospace manufacturing industry, machinery manufacturing industry, vehicle engineering industry and others. Vehicle engineering industry dominates the market owing to increase in need for high precision in the production process.

The 3-axis vertical machining centers market is driven by rise in demand for CNC-incorporated machine tools, followed by upgrade in emission standards, rise in vehicle sophistication, increase in demand for fabricated products and rise in investments in autonomous & electric vehicles manufacturing. However, stringent regulatory framework, refurbished vertical machining centers, and availability of horizontal machining centers may impact the market. Moreover, growth in adoption of advanced manufacturing technologies is a major opportunity for market.

Based on geography, the European and North-American regions hold major share in 3-axis vertical machining centers market owing to increase in investments in automotive manufacturing and presence of large manufacturers in the regions. The Asian-Pacific region is estimated to witness higher growth rate due to growth in economy, rise in population, and increase in disposable income of consumers over the forecast period. In upcoming years, it is expected that future of the market will be optimistic because of rise in development of advanced manufacturing processes during the forecast period. The global market is estimated to grow at a CAGR of approximately 1.0% over the next five years, will reach US $6200 million by 2024, from US $5830 million in 2019.

To know more, click on the link below:-

Global 3-axis Vertical Machining Centers Market

Related Reports:-

Global 3-axis Vertical Machining Centers Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

World 3-axis Vertical Machining Centers 2019 Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)

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Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

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