Global Milling Machine Market Insights and Forecast to 2028

The milling machines are also known as the multi-tasking machines (MTMs) which are multi-purpose machines capable of milling and turning the materials as well. The milling machine has got the cutter installed up on it which helps in removing the material from the surface of the work piece.
Market Analysis and Insights: Global Milling Machine Market
Due to the COVID-19 pandemic, the global Milling Machine market size is estimated to be worth US$ 7075.7 million in 2022 and is forecast to a readjusted size of US$ 9103.9 million by 2028 with a CAGR of 4.3% during the review period. Fully considering the economic change by this health crisis, Horizontal Milling Machines accounting for % of the Milling Machine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Automobile segment is altered to an % CAGR throughout this forecast period.
China Milling Machine market size is valued at US$ million in 2021, while the US and Europe Milling Machine are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Milling Machine landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Milling Machine include Brother Industries, Dalian Machine Tool Group Corporation, AMADA, DMG Mori Seiki, Fryer Machine Systems, GF Machining Solutions Management SA, GILDEMEISTER, Kitamura Machinery and Makino Milling Machine, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Milling Machine capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Milling Machine by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Milling Machine Scope and Segment
Milling Machine market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Milling Machine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Horizontal Milling Machines
Vertical Milling Machines
Segment by Application
Automobile
Aerospace And Defense
Construction Equipment
Electricity And Energy
Industrial
Shipbuilding Industrial
Other
By Company
Brother Industries
Dalian Machine Tool Group Corporation
AMADA
DMG Mori Seiki
Fryer Machine Systems
GF Machining Solutions Management SA
GILDEMEISTER
Kitamura Machinery
Makino Milling Machine
Shenyang Machine Tools
Yamazaki Mazak Corporation
DATRON Dynamics
FANUC CORPORATION
Haas Automation
Hurco Companies
Okuma Corporation
WEYRAUCH
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE