Report : Middle East & Africa CNC Milling Machines Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by structure (gantry, moving table, fixed table, and column type), x-axis working range (less than 2000 mm, 2001 mm to 5000 mm, 5001 mm to 7000 mm, and above 7000 mm), number of axis (3-axis, 4-axis, 5-axis, and others), and application (automotive & transportation, aerospace & defense, oil & gas, and others).
At 9.4% CAGR, the Middle East & Africa CNC Milling Machines Market is speculated to be worth US$ 365.30 million by 2028, says The Business Market Insights
According to the Business Market Insights’ research, the Middle East & Africa CNC milling machines market was valued at US$ 233.03 million in 2023 and is expected to reach US$ 365.30 million by 2028, registering a CAGR of 9.4% from 2022 to 2028. Rise in new product development by CNC milling machines and integration of smart manufacturing technology with CNC milling machines are the critical factors attributed to the Middle East & Africa CNC milling machines market expansion.
The growing demand for CNC milling machines across industries such as automotive, aerospace & defense, electronics, and medical device manufacturing for prototyping and producing components used for the manufacturing of the main product is influencing the demand for advanced CNC milling machines. This is influencing the players to focus on the development of new products as per market requirements and expansion of their production centers for increasing the annual production volume. For instance, In September 2022, Bantam Tools announced the launch of a new portable CNC milling machine. The product is available in a compact form and weighs less than 50 pounds, thereby offering ease in its transportation. Thus, the rise in new product development by CNS milling machines across the region is expected to contribute to the growth of the Middle East & Africa CNC milling machines market over the forecast period.
On the contrary, availability of alternate manufacturing methods hurdles the growth of Middle East & Africa CNC milling machines market.
Based on structure, the Middle East & Africa CNC milling machines markets is segmented into gantry, moving table, fixed table, and column type. The gantry segment held 54.5% market share in 2023, amassing US$ 127.04 million. It is projected to garner US$ 201.04 million by 2028 to expand at 9.6% CAGR during 2023–2028.
Based on x-axis working range, the Middle East & Africa CNC milling machines market is segmented into less than 2000 mm, 2001 mm to 5000 mm, 5001 mm to 7000 mm, and above 7000 mm. The less than 2000 mm segment held 36.8 % market share in 2023, amassing US$ 85.76 million. It is projected to garner US$ 128.19 million by 2028 to expand at 8.4% CAGR during 2023–2028.
Based on number of axis, the Middle East & Africa CNC milling machines market is segmented into 3-axis, 4-axis, 5-axis, and others. The 3-axis segment held 57.6% market share in 2023, amassing US$ 134.15 million. It is projected to garner US$ 202.60 million by 2028 to expand at 8.6% CAGR during 202-2028.
Based on application, the Middle East & Africa CNC milling machines market is segmented into automotive & transportation, aerospace & defense, oil & gas, and others. the automotive & transportation segment held 35.1% market share in 2023, amassing US$ 81.75 million, it is projected to garner US$ 130.20 million by 2028 to expand at 9.8% CAGR during 2023-2028.
Based on country, Middle East & Africa CNC milling machines market has been categorized into South Africa, UAE, Saudi Arabia, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 53.2% market share in 2023. It was assessed at US$ 124.00 million in 2023 and is likely to hit US$ 204.20 million by 2028, exhibiting a CAGR of 10.5% during the forecast period.
Key players dominating the Middle East & Africa CNC milling machines market are AWEA Mechantronic Co Ltd, Fives SAS, JOBs SpA, Nidec Crop, Okuma Corp, Pietro Carnaghi SpA among others.
- In 2023, TOS VARNSDORF, a.s. is the solver of the project "Setup of a demonstrator for a milling CPPS." The project runs from November 2021. The "milling CPPS" demonstrator belongs to the field of metal-cutting manufacturing. There, the demands on quality and productivity are constantly increasing.
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