Vendors to engage in mergers and acquisitions to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global 5-axis CNC machining centers market in their latest research report. This report also lists six other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global 5-axis CNC machining centers market is characterized by the presence of both global and regional vendors. The market is moderately consolidated in nature. As the market is still in its growth phase, the industry analysts at Technavio foresee a rise in number of new vendors who are likely to venture into the market space. Among geographic regions, APAC promises to be a high-growth market where vendors are expected to diversify in terms of their global presence.
According to Bharath Kanniappan, a lead analyst at Technavio for research on automation, “The global market for 5-axis CNC machining centers is dominated by a few global players, which makes it difficult for the regional players to gain profits. During the forecast period, vendors in the market space are expected to invest in technology to develop innovative, energy-efficient, and advanced CNC solutions, which can be used in end-user industries.”
Click here to request a free sample of this report
Top five vendors in the 5-axis CNC machining centers market space
Haas Automation
Haas Automation is a leading manufacturer of CNC machines. The company delivers more standard features, high-tech innovations, and solid engineering products that are priced competitively. Machines from Haas Automation are configured to ensure simple maintenance and low-cost operation.
Key products: 40-Taper standard, 50-Taper standard, Super speed, Mill machine, Drill/tap/mill center, 5-Axis VMC, Mini mill, Toolrom mill, Compact mill, and Router.
Hurco
Hurco, a leading player in CNC machine tool technology, owns approximately 80 patents. It manufactures reliable CNC machine tools that have the most precise control, through advanced programming. During February 2016, Hurco launched four new 5-axis CNC machining centers in the UK.
Key products: Swivel head 5-axis CNC machine and Trunnion style 5-axis CNC machine.
Makino
Makino is a leading player in metal-cutting and manufacturing sector. The company boats highly reliable, industry-specific horizontal machining centers, vertical machining centers, wire electrical discharge machining (EDM)and Ram EDM, and graphite machining centers.
Key products: D-series, F-series, V-series, 1-series, G-series, MAG-series, MCC-series, MCD-series, N-series, and T-series.
Okuma
Okuma is a prominent manufacturer of CNC machine tools. The company delivers innovative solutions such as a new ground business strategy to clients across the globe. Its 5-axis CNC machines deliver high-speed operation with increased level of accuracy.
Key products: MILLAC -VH Series, MU-H Series, MU-V Series, MILLAC 33TU, and MILLAC 853PF-5X.
Shenyang Machine Tools
Shenyang Machine Tools is a leading manufacturer of milling, boring, turning, and drilling machines for a wide range of industries including automotive, aerospace, defense, medical, energy, construction, and consumer goods. In 2016, Shenyang Machine Tools introduced the new i5 CNC control at the International Manufacturing Technology Show (IMTS) held in Illinois, US.
Key products: GMCu series, ABswing series, and HTM series.
A more detailed analysis is available in the Technavio report, Global 5-Axis CNC Machining Centers Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
Browse related reports:
- Facility Management Services Market in Europe 2017-2021
- Global Advanced Process Control Software Market 2017-2021
- Global Industrial Variable Speed Belts Market 2017-2021
To read more press releases – click here
