About Horizontal Machining Center
A horizontal machining center (HMC) comprises with spindle in a horizontal orientation. This machining center design helps the production work without any interruption. The horizontal orientation assures chips to fall away, so they don’t have to be cleared from the table. It allows a two-pallet work changer to be combined into a space-efficient machine in order to save time and work can be loaded on one pallet of a horizontal machining center while machining follows on the other pallet.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Horizontal Machining Center market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DMG MORI CO., LTD. (Japan), Doosan Machine Tools Co., Ltd. (United States), Haas Automation (United States), Hurco (United States), Okuma Corporation (Japan), Mazak Corporation (Japan), Toyoda (United States) and Makino (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CMS North America (United States), Jyoti CNC Automation (India), KRUDO Industrial (Netherlands) and Fives (United States).
Segmentation Overview
AMA Research has segmented the market of Global Horizontal Machining Center market by Type (Compact, Multi-axis, Twin Spindle and Others), Application (Automotive, Aerospace, Manufacturers, Machine Shop and Others) and Region.
On the basis of geography, the market of Horizontal Machining Center has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Horizontal Machining Center market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Development in Horizontal Machinery Center and Requirement of Reduction in Changeover Time
Market Growth Drivers:
Increasing Demand for Self-Optimized Machine Cutting
Challenges:
Small Scale Manufacturers Are Not Opting for Horizontal Machinery
Restraints:
High Cost of Horizontal Machines
Opportunities:
Growing Demand for Cloud-based CNC Horizontal Machining Centers and Increasing Investments in Automotive Industry by Developing Countries
Market Leaders and their expansionary development strategies
In February 2023, Strom Manufacturing proudly announced Tuesday that it has installed a new DMG Mori NHX 4000 horizontal machining center (HMC) to meet rapidly expanding customer demand. Strom is an operating company of Compass Precision, a Charlotte-based manufacturer of custom, close-tolerance metal components for mission critical applications.
In Janaury 2022, Okuma America Corporation are excited to announce the launch of a next-generation machining center to join the company's horizontal machining center lineup. This new machine - the Okuma MA-600HIII – brings next-level machining capabilities to the MA-600H family by offering several new features.
Key Target Audience
Manufacturers of Horizontal Machining Center, Suppliers of Horizontal Machining Center, Wholesalers, Distributors and Retailers of Horizontal Machining Center, Automobile Industry and Industry Association
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.