DUBLIN--(BUSINESS WIRE )--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.
7.2 Industrial Revolution and Advances in Technology
7.4 Dependence on China and Rising Automation
7.5 Impact of Precision Parts Manufacturing on the Market
8.4 Key Opportunities in the Market
9.1 Open Architectures & Growing Subscription-Based CAD Software
9.3 Advances in CNC & Milling Machinery
10.2 Rise in Machine Tools Investment
10.3 Industrial & Economic Growth in APAC
10.4 Growth in the Automotive Sector
11.1 Political Turmoil - Restraint for Trade
11.3 High Degree of End-User Variability & Market Risks
11.4 Unstable Demand from Oil & Gas Industry
13.1 Market Snapshot & Growth Engine
14.1 Market Snapshot & Growth Engine
15.1 Market Snapshot & Growth Engine
For more information about this report visit https://www.researchandmarkets.com/r/ab0lnn
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900