세계의 밀링 머신 시장 규모는 2024년 739억 5,000만 달러에서 예측 기간 중 5.05%의 CAGR로 추이하며, 2032년에는 1,096억 7,000만 달러 규모로 성장할 것으로 예측됩니다.
밀링 머신 업계는 기술 발전과 진화하는 시장 수요에 따라 변화하고 있으며, CNC 밀링 머신에 자동화가 도입되면 효율성과 정밀도가 향상됩니다. 자동 공구 교환 및 다축 기능을 통해 밀링 머신은 밀링, 드릴링, 태핑을 포함한 다양한 가공을 한 번의 설정으로 수행할 수 있습니다. 이러한 추세는 제조업체들이 작업 간소화와 생산 시간 단축을 추구함에 따라 지속될 것으로 보입니다.
고속 가공과 다축 가공은 시장 성장을 가속할 것으로 예상됩니다. AI는 가공 공정의 최적화, 예지보전, 공구 경로의 효율성 향상에 활용되고 있습니다. 머신러닝 알고리즘은 작업 데이터를 기반으로 실시간 조정을 가능하게 하여 높은 정확도와 폐기물 감소를 달성할 수 있습니다. 이러한 통합은 보다 스마트한 제조 환경의 개발을 지원합니다. 고속 가공 기술의 발전은 품질 저하 없이 더 빠른 생산을 가능하게 합니다. 동시에 5축 이상 작동하는 다축 CNC 기계는 복잡한 형상을 제조할 때 더 높은 유연성과 정밀도를 제공합니다. 부가적 제조(3D 프린팅)와 전통적인 CNC 밀링 가공의 융합이 진행되고 있습니다. 하이브리드 기계는 엄격한 공차를 유지하면서 복잡한 설계의 부품을 제조할 수 있으며, 혁신적인 솔루션을 필요로 하는 산업에 대응할 수 있습니다.
세계의 밀링 머신 시장을 조사했으며, 시장의 정의와 개요, 시장 규모 추이·예측, 각종 구분·지역/주요 국가별 상세 분석, 산업 구조, 시장 성장에 대한 영향요인 분석, 사례 연구, 경쟁 구도, 주요 기업의 개요 등을 정리하여 전해드립니다.
Global milling machine market is projected to witness a CAGR of 5.05% during the forecast period 2025-2032, growing from USD 73.95 billion in 2024 to USD 109.67 billion in 2032.
The milling machine industry is transforming, driven by technological advancements and evolving market demands. The introduction of automation in CNC milling machines will improve efficiency and precision. Automated tool-changing and multi-axis capability allow machines to perform a variety of operations, including milling, drilling, and tapping, in one setup. This trend will continue because manufacturers seek ways to streamline operations and shorten production time.
High-speed and multi-axis machining are expected to propel the market's growth. AI is increasingly being used to optimize machining processes, perform predictive maintenance, and improve the efficiency of toolpaths. Machine learning algorithms allow for real-time adjustments based on operational data, thereby ensuring higher accuracy and less waste. This integration supports the development of smarter manufacturing environments. Advancements in high-speed machining technology will allow for faster production without sacrificing quality. Multi-axis CNC machines, which operate on five or more axes simultaneously, offer greater flexibility and precision in producing complex geometries. The convergence of additive manufacturing (3D printing) with traditional CNC milling processes is rising. Hybrid machines can produce components with intricate designs while maintaining tight tolerances, catering to industries requiring innovative solutions.
For instance, in June 2023, Pemamek Ltd. launched a revolutionary milling technology for wind tower structures with zero backlash. This cutting-edge range of milling equipment provides sophisticated solutions for longitudinal, circumferential, and edge beveling procedures and was created to specifically address the demands of the wind energy industry. Additionally, the process industry, which includes the production of pressure vessels, can benefit from these cutting-edge milling technologies.
Rising Automation and Wide Range of Application Shape Market Growth
The demand for automation and Computer Numerical Control (CNC) technology is a significant growth driver for the milling machine market. As industries look to operate more efficiently and precisely, CNC milling machines are now becoming a necessity. It allows for automated operations, which reduces human error and increases production speed. The trend is most evident in the automotive, aerospace, and electronics industries, which require high precision. Adding advanced control systems and software to CNC machines further enhances manufacturing workflows, increasing productivity and reducing cycle times.
Another significant growth driver in the milling machine market is customized manufacturing. The increased demand for customized products from consumers compels manufacturers to employ flexible production techniques that can handle diverse specifications. Wide ranges of designs and large milling machines have greatly contributed to the growth of the market by improving versatility and capability. Such machines can be used in various applications, from simple tasks to complex geometries, to meet different industries' requirements. This efficiency in handling larger workpieces and intricate designs reduces the time for setup and meets in handling larger workpieces and intricate designs reduces the time for setup, and intricate designs reduce the time for setup and meet the growing demand for customized manufacturing solutions, therefore driving overall market expansion. Further, advancements in technology enable these machines to perform with higher precision and speed, further attracting investments and expanding their usage across various sectors such as automotive, aerospace, and general manufacturing.
For instance, in October 2024, Nicolas Correa S.A. showcased the largest machine at the international exhibition for metalworking (AMB), named the FOX Gantry machine. The FOX M is a brand-new, cutting-edge bridge-type machine idea that combines the speed and accuracy of high-performance machining with conventional roughing capabilities. It has a special mechanism that regulates the heat produced by the machine's vertical axis.
Energy-Efficient Solutions and Demand for High-Performance to Shape Market Growth
The rising concerns for sustainability and energy efficiency are profoundly impacting the market for milling machines. Increasingly, companies demand machinery that consumes the minimum energy to generate the highest quality output. Energy-efficient milling machines will not only save companies operating costs but also meet international sustainability goals. The producers are responding by designing advanced machines with technologies that optimize power usage without performance compromise. This trend is particularly relevant in regions with stringent environmental regulations, where compliance can impact operational viability.
The expansion of manufacturing industries in emerging economies is one of the significant growth drivers for the milling machine market. China and India are the most rapidly industrializing countries, with more investments in manufacturing capabilities. The rising production activities create a need for advanced machinery, such as milling machines, to cater to increased output demands. New manufacturing facilities set up in these regions also give a chance to local suppliers as well as international manufacturers. High-performance milling machines reduce production cycles and enhance quality, which is a need for competitive advantage. Therefore, with the development of the automotive and aerospace industries, the requirement for more complex milling solutions that are capable of handling complex geometries and varied materials also arises. This trend is further supported by technological advancements, including automation and CNC integration, driving manufacturers to invest in high-performance milling machines to meet rising production demands and the latest technology.
For instance, in May 2024, Nomura DS highlighted its comprehensive line of turning and milling machines designed to meet the rigorous demands of modern manufacturing. Nomura DS offers unmatched performance and uncompromising rigidity at an unbelievable price. It brings out the innovative turning solutions featuring Micro Vibration Turning (MVT). MVT technology comes standard with all turning machines, demonstrating the company's commitment to giving users the confidence to tackle even the most complex machining challenges.
Cost-effectiveness and Technological Advancements to Make the Vertical Milling Segment Leading
Based on product, vertical milling machine holds a decent market share due to its technological advancements and growing manufacturing sector. Cost-effectiveness also plays a great role as vertical milling machines are cheaper in terms of initial investment compared to horizontal milling machines. Their multi-functionality allows them to perform such operations as drilling, slot cutting, and gear cutting, making them suitable for smaller batch production runs and prototypes, which is becoming increasingly important in sectors such as automotive and aerospace.
Technological advancements have brought efficiency and precision to vertical milling machines. The incorporation of CNC technology improves accuracy during operation and enables complex machining operations, which is being increasingly demanded in high-precision components in advanced manufacturing. Moreover, the emerging manufacturing sector, especially in developing economies, is generating demand for vertical milling machines. As industries expand, the need for versatile and efficient machining solutions becomes more critical.
For instance, in January 2024, Xuzhou Construction Machinery Group Co., Ltd. (XCMG) announced the successful trial of the world's first vertical milling mining machine, the XVM160. The company stated that it sets a new standard in mining production with its unparalleled capacity and innovative features. The XVM160 is the world-first in vertical milling mining equipment, boasting the largest single mining area to date at 6 m x 2.5 m and a maximum mining depth of 100 m. This makes it the most powerful mining production equipment currently available.
Asia-Pacific Becomes the Fastest Growing Region in the Milling Machine Market
Based on the region, the Asia-Pacific becomes the fastest segment during the forecast period. Rapid industrialization in countries like China, India, and Japan has led to a surge in manufacturing activities. This region is home to many industries, including automotive, aerospace, and electronics, all of which require advanced milling technologies for precision machining and efficient production processes.
The increasing demand for customized products drives manufacturers to invest in versatile milling machines capable of producing complex components. The rise in consumer expectations for tailored solutions propels the need for advanced CNC milling machines that can adapt to various specifications. Additionally, foreign direct investment (FDI) is significantly boosting the milling machine market. Many global companies are establishing manufacturing facilities in the Asia Pacific due to lower labor costs and favorable economic conditions, further enhancing local production capabilities.
For instance, in November 2024, Wirtgen Group (A John Deere Company) presented new products and technologies for the Asian market at Bauma China 2024. It came with the two new SUPER 1380i and SUPER 1383i small class pavers from Vogele, the 9 t to 11 t HD 98i - HD 118i tandem rollers from Hamm, and a 2-meter milling machine with the Mill Assist assistance system from Wirtgen.
Future Market Scenario (2025 - 2032F)
AI will be crucial in optimizing milling operations, improving precision, and predicting maintenance needs to minimize downtime.
Advancements in high-speed machining technologies will enable faster production rates, allowing manufacturers to meet growing demand while maintaining quality.
The milling machine market will shift towards eco-friendly practices, with manufacturers adopting energy-efficient technologies and waste reduction strategies to align with global sustainability goals.
The future of milling machines will increasingly incorporate automation, enhancing efficiency and reducing human error in manufacturing processes.
Key Players Landscape and Outlook
The milling machine market is characterized by a competitive landscape shaped by various factors influencing growth and innovation. Key players are focusing on technological advancements, particularly in automation and precision engineering, to meet the rising demand from sectors such as automotive, aerospace, and electronics. Product Innovation is a primary focus, with manufacturers investing heavily in research and development to introduce advanced features such as automation, enhanced precision, and energy efficiency. This includes the integration of CNC technology and hybrid manufacturing capabilities, which combine traditional milling with additive manufacturing techniques to meet the needs for rapid prototyping and customization across various sectors.
For instance, in July 2024, Makino Inc. introduced the Slim3n three-axis vertical machining center, a high-performance, space-efficient solution for component and part processes demanding turnkey and automation to IMTS 2022. The Slim3n adds to the Makino portfolio of machines at the heart of its turnkey and automation solutions for market areas like automotive, die casting, medical, and more. It is equally well-suited for single-machine job shop applications and is part of a multi-machine installation in high-volume/low-mix production environments.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.