PRN: Global 5-Axis CNC Machining Centers Market to Grow at a CAGR of 6.66% by 2021 - Analysis By Product & End User - Research and Markets

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Global 5-Axis CNC Machining Centers Market to Grow at a CAGR of 6.66% by 2021 - Analysis By Product & End User - Research and Markets


DUBLIN, Apr. 25, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global 5-Axis CNC Machining Centers Market 2017-2021" report to their offering.

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The global 5-Axis CNC machining centers market to grow at a CAGR of 6.66% during the period 2017-2021.

The report, Global 5-Axis CNC Machining Centers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is cloud-based CNC systems. The evolution of industry 4.0 and IIoT have given rise to the demand for cloud-based computing to manage the huge amounts of data in a cost-effective manner. Therefore, it is expected that CNCs, being essential machine tool devices, will incorporate cloud-based systems.

According to the report, one of the major drivers for this market is self-optimized machine cutting. The cutting process primarily consists of 5-axis milling and gun drilling processes and operations. The rising self-optimization capability of these processes in 5-axis CNC machines is likely to increase the production efficiency of the cutting process along with a reduction of cost.

Further, the report states that one of the major factors hindering the growth of this market is highly capital-intensive market. The machine tools market is capital intensive, and the profitability of this market is highly correlated t! o the prices of raw materials, such as iron, steel, aluminum, brass, and copper. It is estimated that these raw materials approximately account for 48% of the overall manufacturing cost. Fluctuations in raw material price have a negative impact on manufacturers due to the frequent changes in pricing strategy.

Key vendors

  • Haas Automation
  • Hurco
  • Makino
  • Okuma
  • Shenyang Machine Tools

Other prominent vendors

  • CMS North America
  • Jyoti CNC Automation
  • Yamazaki Mazak Corporation
  • Mitsubishi Electric
  • Siemens AG

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit

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