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Milling Machine Market Share
With several key players competing for market share. Companies such as AMADA MACHINERY CO., LTD., DMG MORI CO., LTD., Makino Inc., EMCO GmbH and OKUMA AMERICA CORPORATION were among the prominent players in this market. They are expected to hold a market share of around 25% in 2023 in the global market. There are large number of players operating in the market. However, consumers are more inclined towards branded and high-quality products across the world.
Milling Machine Market Companies
Some of the key players profiled in the milling machine industry report include:
- AMADA MACHINERY CO., LTD.
- Amera-Seiki
- ANDERSON EUROPE GMBH
- Dalian Machine Tool Co., Ltd.
- DATRON AG
- DMG MORI CO., LTD.
- EMCO GmbH
- FANUC America Corporation
- GF Machining Solutions Management SA.
- Haas Automation, Inc
- Hurco Companies, Inc.
- Kingsbury
- Makino Inc.
- Okuma Corporation
- Phillips Machine Tools India Pvt. Ltd.
Who are the major milling machine industry players?
AMADA MACHINERY CO., LTD, Amera-Seiki, ANDERSON EUROPE GMBH, Dalian Machine Tool Co., Ltd, DATRON AG, DMG MORI CO., LTD., EMCO GmbH, FANUC America Corporation, GF Machining Solutions Management SA., and Haas Automation, Inc among others.
Why is the milling machine industry growing in Asia Pacific?
Asia Pacific milling machine market recorded 46% share in 2023 and is predicted to witness over 8% CAGR during 2024 to 2032, driven by the region's expanding economy, particularly in China, India, Japan, and South Korea.
Why is the demand for vertical milling machines rising?
The vertical milling machine market recorded USD 10.6 billion in 2023 and is expected to reach USD 20.6 billion by 2032, owing to their cost-effective nature.
How much is the milling machine market worth?
The market size of milling machine was crossed USD 18.4 billion in 2023 and is anticipated to grow at 7.4% CAGR from 2024 to 2032, driven by growing need for rapid prototyping and customization in various industries.