Horizontal Machining Center Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Horizontal machining (also known as milling) relies on rotary cutters to remove metal from a workpiece. Horizontal machining occurs on a horizontal machining center, which employs a spindle that is parallel to the ground floor. With a horizontally oriented spindle, tools stick out of the side of the tool holder and cut across the side of a workpiece, encouraging chips to fall away from the table. Horizontal machining centers also allow for two pallet changer integration to facilitate unattended operation and reduce part cycle times.

MARKET DYNAMICS

Self-optimized machine cutting is driving the growth of the horizontal machining center market. However, the highly priced machines may restrain the growth of the horizontal machining center market. Furthermore, the reduction of changeover time with individual zero reset counter is anticipated to create a market opportunity for the horizontal machining center market during the forecast period.

MARKET SCOPE

The "Global Horizontal Machining Center Market Analysis To 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The horizontal machining center market report aims to provide an overview of the horizontal machining center market with detailed market segmentation by product type, application, and geography. The global horizontal machining center market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading horizontal machining center market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global horizontal machining center market is segmented on the basis of product type and application. Based on product type, the horizontal machining center market is segmented into: horizontal compact, horizontal multi-axis, and horizontal twin spindle. On the basis of application, the horizontal machining center market is segmented into: machinery manufacturing, automobile, aerospace and defense, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global horizontal machining center market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The horizontal machining center market by each region is later sub-segmented by respective countries and segments. The horizontal machining center market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the horizontal machining center market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the horizontal machining center market in these regions.

IMPACT OF COVID-19 ON HORIZONTAL MACHINING CENTER MARKET

The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the horizontal machining center market in 2021. Several government had imposed strict lockdown and social isolation, which almost halted the manufacturing and production for several weeks globally. Moreover, the suspension on the import as well as export of critical raw materials and components, which disrupted the global supply chains in early 2021. Disruptions in manufacturing units has stopped the production of horizontal machining equipment, thus negatively impacted the market growth. On the contrary, the government is lifting lockdowns in all the countries, which is projected to positively impact the development of horizontal machining center in 2021.

MARKET PLAYERS

The reports cover key developments in the horizontal machining center market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from horizontal machining center market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the horizontal machining center market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the horizontal machining center market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Doosan
•   EMAG GmbH and Co.KG
•   Haas Automation
•   Hardinge Group
•   Hurco
•   Intelitek
•   Mazak
•   Milltronics USA
•   Okuma
•   Toyoda

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Horizontal Machining Center Report Scope