August 23, 2021 03:13 ET | Source: Research and Markets Research and Markets
Dublin, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The "CNC Milling Machines Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. 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.
Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 5 Report Assumptions & Caveats 6 Market at a Glance 7 Introduction 7.1 Overview 7.2 Industrial Revolution and Advances in Technology 7.3 Impact Of COVID-19 7.4 Dependence on China and Rising Automation 7.5 Impact of Precision Parts Manufacturing on the Market 7.6 Vendor Selection Procedure 8 Key Business Questions 8.1 CAGR 8.2 Regional Insights 8.3 Global Market 8.4 Key Opportunities in the Market 9 Market Opportunities & Trends 9.1 Open Architectures & Growing Subscription-Based CAD Software 9.2 Increase in Automation Expenditure 9.3 Advances in CNC & Milling Machinery 10 Market Growth Enablers 10.1 Growth of Industry 4.0 10.2 Rise in Machine Tools Investment 10.3 Industrial & Economic Growth in APAC 10.4 Growth in the Automotive Sector 11 Market Restraints 11.1 Political Turmoil - Restraint for Trade 11.2 Rise in Material Cost 11.3 High Degree of End-User Variability & Market Risks 11.4 Unstable Demand from Oil & Gas Industry 12 Market Landscape 12.1 Market Overview 12.2 Market Size & Forecast 13 Product 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 13.3 Vertical CNC Milling Machine 13.4 Horizontal CNC Milling Machine 13.5 Universal CNC Milling Machine 14 Axis Type 14.1 Market Snapshot & Growth Engine 14.2 Market Overview 14.3 3-Axis 14.4 4-Axis 15 End-User 15.1 Market Snapshot & Growth Engine 15.2 Market Overview 15.3 Automotive 15.4 Electrical & Electronics Industry 15.5 Aerospace & Defense
For more information about this report visit https://www.researchandmarkets.com/r/ugb6zp