End Milling Machine Market Size & Share, by Type (Variable-Angle, Fixed-Angle); Application (PVC Profiles Cutting, Aluminum Profiles Cutting); End Use (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5196
  • Published Date: Aug 29, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

End Milling Machine Market size is poised to reach USD 98 Billion by the end of 2035, growing at a CAGR of 27% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of end milling machine was USD 43 Billion. As industries continue to expand, there is a growing demand for machinery like end milling machines to produce precision parts and components. An end milling machine is a type of milling machine that can be used to cut a variety of materials, such as metals, plastics, and composites. It is commonly used in industries such as automobile manufacturing, aerospace, and shipbuilding.

Continuous technological advancements in end milling machines such as Computer Aided Dispatch (CAD), CNC (Computer Numerical Control) have led to improved efficiency, accuracy, and automation. CNC systems have become more sophisticated, enabling complex machining tasks, which are increasingly in demand. CNC machines are able to quickly and accurately produce intricate parts with a high degree of precision. This has resulted in increased productivity and cost savings for manufacturers, allowing them to produce more parts in less time.


End Milling Machine Market
Get more information on this report: Request Free Sample PDF

End Milling Machine Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Precision Manufacturing- As manufacturers strive to produce complex parts with tighter tolerances, they require machines that can deliver high levels of accuracy and consistency. End Milling Machines are an essential tool for precision manufacturing, as they allow manufacturers to create complex shapes and contours with high levels of accuracy. By using advanced software and cutting tools, these machines can achieve tolerances as tight as 0.0005 inches, making them ideal for applications that require extreme precision. For instance, End Milling Machines are used to create turbine blades for jet engines, which require intricate geometries and tight tolerances to function properly.
  • Rising Automation In Manufacturing Processes- The increasing automation of manufacturing processes has been a major driving force behind the rising demand for End Milling Machines. As more and more factories move towards automation, the need for precision machinery like end milling machines becomes even more critical. In fact, according to industry reports, the industrial automation is expected to reach USD 300 billion by 2024. More than two thirds of manufacturing activities can be automated, making the manufacturing industry the most significantly affected by automation. A report suggests that implementing automation in 68% of manufacturing tasks could potentially save 740 billion working hours globally.
  • Growing Demand for Customized Products- As consumers continue to place a premium on unique and personalized items, manufacturers are under pressure to deliver products that meet these demands. end milling machines play a critical role in this process, as they allow manufacturers to create precise cuts and shapes that are tailored to each individual product. In addition to meeting consumer demands, end milling machines also offer numerous benefits to manufacturers. By using these machines, manufacturers can reduce waste, improve efficiency, and increase productivity. This is particularly important in industries where time and precision are of the essence, such as aerospace and automotive manufacturing.

Challenges

  • Complexity Regarding Material Hardness: Milling hard materials like hardened steel or exotic alloys can accelerate tool wear and reduce cutting efficiency. Specialized tools and cutting strategies are often required for these materials.
  • Need for Regular maintenance to keep end milling machines in optimal working condition
  • High cost associated with high-quality end mills and milling machines

End Milling Machine Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~27%

Base Year Market Size (2022)

~ USD 43 Billion

Forecast Year Market Size (2035)

~ USD 98 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

End Milling Machine Segmentation

Type (Variable-Angle, Fixed-Angle)

The variable-angle segment is estimated to hold around 58% share of the global end milling machine market in the year 2035. The segment growth can be attributed to the increasing demand for milling tools and applications that require complex shapes. Also, the increasing demand for precision machining and the growing demand for complex components that require multi-axis machining are expected to drive the growth of this segment. Furthermore, technological advancements such as the development of multi-axis machining centers and the increasing adoption of automation are also expected to drive the growth of the variable-angle segment.

Application (PVC Profiles Cutting, Aluminum Profiles Cutting)

End milling machine market from the PVC profiles cutting segment is estimated to gain a significant share of about ~60% in the year 2035. The segment growth can be attributed to the increasing use of PVC profiles in various applications, such as window and door frames, gutters, and roof flashings. PVC profiles are cheap and easy to install, making them a popular choice for window and door frames. Furthermore, the growing demand for energy-efficient doors and windows is expected to drive the growth of the PVC profiles cutting segment over the forecast period.

Our in-depth analysis of the global end milling machine market includes the following segments:

 Type

  • Variable-Angle
  • Fixed-Angle

 Application

  • PVC Profiles Cutting
  • Aluminum Profiles Cutting

 End Use

  • Automotive
  • Aerospace & Defense
  • Construction Equipment
  • Power & Energy
  • Industrial

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

End Milling Machine Industry Regional Synopsis

APAC Market Forecast

End milling machine market in Asia Pacific is anticipated to hold the largest with a share of about ~33% by the end of 2035. The market growth in the region is also expected on account of ever growing energy and power sector. India holds the position of being the world's largest electricity producer. In the year 2022-23, the country witnessed a total electricity generation of 1,844 TWh with utilities contributing 1,618 TWh to this amount. The per capita gross electricity consumption in FY2023 stood at 1,327 kWh. End milling machines are commonly used in the energy sector to produce parts for power plants, such as turbines and generators. They are also widely used to power hydraulic systems, which are essential for many energy-related applications.

North American Market Statistics

The North America end milling machine market is estimated to be the second largest, registering a share of about ~28% by the end of 2035. The market’s expansion can be attributed majorly to the ever-growing educational institutions and training centers in the region that require end milling machines to teach students and workers how to operate and program CNC machines, creating a continuous demand.

Additionally, as industries expand and develop, more workers need to learn how to use CNC machines, which requires even more end milling machines. As a result, the prices of end milling machines have come down in region, making them more accessible and affordable for both consumers and businesses.

Research Nester
End Milling Machine Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the End Milling Machine Market

top-features-companies
    • WEGOMA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hurco
    • ATech Machine
    • Sibo Engineering
    • Kaban Makina
    • Yamazaki Mazak
    • Elumatec
    • Baertec Machinery
    • Murat Makina
    • Yilmaz Machine

In-the-news

In The News

  • Yamazaki Mazak is set to introduce two vertical machines, namely the CVE 600 and VCN 700. These machines offer accuracy, high performance and reduced time consumption for various machining tasks.
  • WEGOMA and ITALMAC have embarked on a strategic collaboration to create customized solutions for their customers. This partnership is expected to generate synergies, in the areas of machining centers well as sales and service.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5196
  • Published Date: Aug 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing demand for high-precision parts, the rising demand for complex shapes, and the rising cost of labor are all driving the growth of end milling machines.

The market size of end milling machine is anticipated to attain a CAGR of 27% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Hurco, WEGOMA, ATech Machine, Sibo Engineering, Kaban Makina, Yamazaki Mazak, Elumatec, Baertec Machinery, Murat Makina, Yilmaz Machine, and others.

The variable-angle segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
End Milling Machine Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying