1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
CNC Milling Machines Market - Global Outlook & Forecast 2021-2026

CNC Milling Machines Market - Global Outlook & Forecast 2021-2026

  • August 2021
  • 248 pages
  • ID: 6129711
  • Format: PDF
  • Arizton


Table of Contents

Search Inside

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global CNC Milling Machines Market Report

The CNC milling machines market is expected to reach USD 21.55 billion by 2026, growing at a CAGR of 8.72%.

Milling is a method of removing excessive or unwanted material from any metal or other objects using a rotary cutter to give it a desired shape and size. This is done using a milling machine which is either manually controlled or automatic or both. The major end-users of CNC milling machines include automotive, aerospace, electrical & electronics, and others. The automotive sector accounts for the highest share in the global computer numerical control milling machines market among the end-users. It can be due to the high demand for precision parts and other parts used in the automotive sector. Moreover, the global automotive industry is the major contributor to the world’s economy and generates the highest demand for CNC milling machines. In 2020, the automotive sector accounted for over 35% of the market.

The following factors are likely to contribute to the growth of the CNC milling machines market during the forecast period:

• Open architecture & Rising Subscription Based CAD Software
• Increase in Automation Expenditure.
• Advancement in CNC & Milling Machinery

Key Highlights
• With a rising emphasis on Industry 4.0, vendors operating in the market are also revolutionizing their procedures by leveraging automated manufacturing systems. It has pushed the demand for CNC milling machines in the past.
• The COVID-19 pandemic has led to several casualties and negative impacts on many businesses worldwide. Several automotive manufacturers shut down their production facilities due to the imposed lockdown. Therefore, the utilization of CNC milling declined in 2020 due to a lack of investments from end-users. It is one of the sharpest declines in the market after the economic recession of 2008.
• Due to the COVID-19 pandemic, the Chinese supply reduction of intermediate inputs has impacted the productive capacity. Thus, exports of any given country are based on how dependent its industries are on Chinese suppliers.

Segmentation Analysis
• Vertical and horizontal milling machines both perform roughly the same operations, but the production process is different. Both types have advantages and disadvantages, and both are better suited to operations. However, since vertical milling machines are cheaper than others, they are most popular used across end-users.
• The 3-Axis type CNC milling machine is the most popular concerning axis type because of its low price and simplicity to use. However, there are limitations with this type of machine as it cannot be used on a machine with complex geometry.
• 5-6 axis CNC milling machine offers fast working, precise, and micromachining. It has several functions which are superior to 3 or 4-axis milling machines. These machines are majorly used for producing parts/components such as aerospace products, oil, and gas machine parts, car molds, medical technology, architectural door frames, military-grade products, and others. As a result, factors such as high precision, application in complicated operations, and enhanced productivity are projected to drive demand for 6-axis CNC milling machines.
• The demand for CNC milling machines is supposed to increase in the coming years due to expansions and investments by private and public players. Automotive, aerospace, electronics, and other industries have strengthened their presence in Europe, APAC, and North America and are still expanding in various countries.

By Product Type
• Vertical CNC Milling Machines
• Horizontal CNC Milling Machines
• Universal CNC Milling Machines

By Axis Type
• 3 Axis
• 4 Axis
• Others

By End User
• Automobile
• Electrical & Electronics
• Aerospace & Defense
• Others

Geographical Analysis
• In 2020, APAC was the most significant revenue contributor to the global CNC milling machine market, with almost half of the market shares. In APAC and globally, China accounted for a substantial stake in the CNC tools market because of the increasing number of investments in the industrial automation market and YoY growth in government spending toward defense aircraft and equipment in major economies across the region.
• Europe was the second-largest market for machine tools in 2020, The region was led by Germany, where the demand for CNC milling machines is high.
• Latin American industrial production made substantial gains, especially in the automotive, electrical, and electronics sectors hence driving demand for CNC milling machines.
• Saudi Arabia Government has invested over USD 70 billion to build six cities with regulatory adjustments and infrastructure to attract manufacturing companies. Thus, there is an expected surge in demand for machine tools in the region.

By Geography
• Europe
o UK
o Germany
o France
o Spain
o Italy
o China
o India
o Japan
o South Korea
• North America
o US
o Canada
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa

Vendor Analysis
• COVID-19 has adversely affected the computer numerical control milling machines market share. The competition is intense between the big players, and the key markets for vendors are North America, APAC, and Europe. The prominent vendors in this market are Doosan, Fives, F-Zimmermann, Jtekt, and Makino.

Prominent Vendors
• Doosan
• Fives
• F-Zimmermann
• Jtekt
• Makino

Other Prominent Vendors
• Ace Micromatic Group
• Chiron Group SE
• General Technology
• DMG Mori
• Electronica Hitech
• Falcon Machine Tools
• GF Machining
• Gleason Corporation
• Grob-Werke
• Haas Automation
• Hyundai Wia
• Komatsu
• Okuma Corporation
• Schuler AG
• 600 Group
• Spinner
• Yamazaki Mazak

1. At what CAGR is the CNC milling machines market projected to grow in the forecast period (2021-2026)?
2. What are the factors enabling the CNC milling machines market growth?
3. Which region has the highest share in the CNC milling machines market?
4. What are the major developments in the CNC milling machines market?
5. Which segment is growing at a fast rate in the CNC milling machines market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Industrial Laser System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250 - $ 3825 - Get 10% off now!
  • August 2021
  • 118 pages

The global industrial lasers market (henceforth referred to as the market studied) was valued at USD 17.29 billion in 2020, and it is expected to reach USD 27.58 billion by 2026, registering a CAGR of ...

  • World
  • Europe
  • Machine Tool
  • Automotive
  • Industry analysis
  • Cosmetic Procedures Performed
  • Mobile Subscribers


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on