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Report overview
The global 5-axis CNC Machine Tool market was valued at US$ 7691.8 million in 2022 and is projected to reach US$ 14630 million by 2029, at a CAGR of 9.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A 5-axis CNC Machine (also known as 5-axis Machining Center) is a precision CNC machine tool that uses a wide range of cutting tools to remove materials from a workpiece. It does so along five different directional axes, either by positioning the piece or by simultaneously cutting it along these axes, until the desired shape is achieved.
For a more specific representation, an example of a 1-axis machine would be a radial drilling machine, with up and down motion (Z axis). Following that same logic, a 3-axis CNC Machine can move up and down (Z axis), right to left (X axis), as well as forwards and backwards (Y axis).
A 5-axis CNC machine has two extra rotary axes which opens the door to an infinite number of machining possibilities. The types of rotary axis include rotary axes A, B and C which rotates around the X-axis, Y-axis, and Z-axis respectively. While these are three extra axes and not two, they?re still considered 5 axes in total. The combination of the additional axes is machine dependent and can come in any combinations of AB, AC or BC.
This report aims to provide a comprehensive presentation of the global market for 5-axis CNC Machine Tool, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 5-axis CNC Machine Tool. This report contains market size and forecasts of 5-axis CNC Machine Tool in global, including the following market information:
Global key players of 5-axis CNC machine tool include DMG Mori Seiki, Yamazaki Mazak, etc. Global top 2 companies hold a share about430%. Europe is the largest market, with a share about 40%, followed by Asia Pacific and North America with the share about 30% and 23%. In terms of product, vertical type is the largest segment, with a share about 74%. And in terms of application, the largest application is aerospace, with a share about 43%.
We surveyed the 5-axis CNC Machine Tool manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global 5-axis CNC Machine Tool Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global 5-axis CNC Machine Tool Market Segment Percentages, by Type, 2022 (%)
Global 5-axis CNC Machine Tool Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global 5-axis CNC Machine Tool Market Segment Percentages, by Application, 2022 (%)
Global 5-axis CNC Machine Tool Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global 5-axis CNC Machine Tool Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies 5-axis CNC Machine Tool revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies 5-axis CNC Machine Tool revenues share in global market, 2022 (%)
Key companies 5-axis CNC Machine Tool sales in global market, 2018-2023 (Estimated), (Units)
Key companies 5-axis CNC Machine Tool sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: