Asia Pacific 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)
The Asia Pacific CNC milling machines market is expected to grow from US$ 3,757.55 million in 2023 to US$ 6,479.46 million by 2028. It is estimated to grow at a CAGR of 11.5% from 2022 to 2028.
Rise in New Product Development by CNC milling machines is Fuelling Asia Pacific CNC Milling Machines Market
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 CNC milling machines market over the forecast period.
Asia Pacific CNC Milling Machines Market Overview
Based on geography, the Asia Pacific CNC milling machines market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Asia Pacific has the fastest-growing aviation industry owing to the development of many airports and procurement pipelines of a large volume of commercial aircraft to cater to the continuously growing passenger traffic across different countries of the region. Moreover, the growing interest of FDI companies to invest in developing economies, such as India and Southeast Asian countries, to develop a strong regional aviation hub is driving aircraft production. The rising demand for air travel across highly populated countries such as China and India, owing to the rising purchasing power of customers, is leading to an increase in passenger traffic across the region. This is further leading to the higher procurement of new aircraft across the region. For instance, according to several aviation sources, more than 8,133 commercial aircraft are expected to be delivered in both countries (China and India) by the end of 2032. These factors are offering lucrative business opportunities to aircraft manufacturers, thereby increasing the demand for CNC milling machines from the aerospace industry.
Asia Pacific CNC Milling Machines Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific CNC Milling Machines Market Segmentation
The Asia Pacific CNC milling machines market is segmented into structure, x- axis working range, number of axis, application, and country. Based on structure, the Asia Pacific CNC milling machines market is sub segmented into gantry, moving table, fixed table, and column type. The gantry segment registered the largest market share in 2023.
Based on x-axis working range, the Asia Pacific 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 registered the largest market share in 2023.
Based on number of axis, the market is segmented into 3-axis, 4-axis, 5-axis, and others. The 3-axis segment held the largest market share in 2023.
Based on application, the market is segmented into automotive & transportation, aerospace & defense, oil & gas, and others. The automotive & transportation segment held the largest market share in 2023.
Based on country, the market is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. China dominated the market share in 2023.
AWEA Mechantronic Co Ltd, EMCO GmbH, Fives SAS, JOBS SpA, Nidec Corp, Okuma Corp, Pietro Carnaghi SpA are the leading companies operating in the Asia Pacific CNC milling machines market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific CNC Milling Machines Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific CNC Milling Machines Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Automotive Production
5.1.2 Increase in Production of Military Aircraft
5.2 Market Restraints
5.2.1 Availability of Alternate Manufacturing Methods
5.3 Market Opportunities
5.3.1 Integration of Smart Manufacturing Technology with CNC milling machines
5.4 Future Trends
5.4.1 Rise in New Product Development by CNC milling machines
5.5 Impact Analysis of Drivers and Restraints
6. CNC Milling Machines Market – Asia Pacific Analysis
6.1 Asia Pacific CNC Milling Machines Market Overview
6.1.1 Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific CNC Milling Machines Market Analysis – by Structure
7.1 Overview
7.2 Asia Pacific CNC Milling Machines Market, by Structure (2022 and 2028)
7.3 Gantry
7.3.1 Overview
7.3.2 Gantry: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Moving Table
7.4.1 Overview
7.4.2 Moving Table: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fixed Table
7.5.1 Overview
7.5.2 Fixed Table: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Column Type
7.6.1 Overview
7.6.2 Column Type: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific CNC milling machines Market Analysis – by X-Axis Working Range
8.1 Overview
8.2 Asia Pacific CNC Milling Machines Market, by X-Axis Working Range (2022 and 2028)
8.3 Less Than 2000 mm
8.3.1 Overview
8.3.2 Less Than 2000 mm: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
8.4 2001 mm to 5000 mm
8.4.1 Overview
8.4.2 2001 mm to 5000 mm: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
8.5 5001 mm to 7000 mm
8.5.1 Overview
8.5.2 5001 mm to 7000 mm: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Above 7000 mm
8.6.1 Overview
8.6.2 Above 7000 mm: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific CNC Milling Machine Market Analysis – By Number of Axis
9.1 Overview
9.2 Asia Pacific CNC Milling Machine Market Breakdown, by Number of Axis, 2022 & 2028
9.3 3-Axis
9.3.1 Overview
9.3.2 3-Axis: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
9.4 4-Axis
9.4.1 Overview
9.4.2 4-Axis: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
9.5 5-Axis
9.5.1 Overview
9.5.2 5-Axis: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific CNC Milling Machine Market Analysis – By Application
10.1 Overview
10.2 Asia Pacific CNC Milling Machine Market Breakdown, by Application, 2022 & 2028
10.3 Automotive & Transportation
10.3.1 Overview
10.3.2 Automotive & Transportation: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
10.4 Aerospace & Defense
10.4.1 Overview
10.4.2 Aerospace & Defense: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
10.5 Oil & Gas
10.5.1 Overview
10.5.2 Oil & Gas: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific CNC Milling Machines Market – Country Analysis
11.1 Asia Pacific: CNC Milling Machines Market
11.1.1 Asia Pacific: CNC Milling Machines Market, by Key Country
11.1.1.1 Australia: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: CNC Milling Machines Market, by Structure
11.1.1.1.2 Australia: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.1.2.1 Australia: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.1.2.2 Australia: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.1.3 Australia: CNC Milling Machines Market, by Number of Axis
11.1.1.1.4 Australia: CNC Milling Machines Market, by Application
11.1.1.2 China: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: CNC Milling Machines Market, by Structure
11.1.1.2.2 China: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.2.2.1 China: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.2.2.2 China: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.2.3 China: CNC Milling Machines Market, by Number of Axis
11.1.1.2.4 China: CNC Milling Machines Market, by Application
11.1.1.3 India: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: CNC Milling Machines Market, by Structure
11.1.1.3.2 India: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.3.2.1 India: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.3.2.2 India: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.3.3 India: CNC Milling Machines Market, by Number of Axis
11.1.1.3.4 India: CNC Milling Machines Market, by Application
11.1.1.4 Japan: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: CNC Milling Machines Market, by Structure
11.1.1.4.2 Japan: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.4.3 Japan: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.4.3.1 Japan: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.4.3.2 Japan: CNC Milling Machines Market, by Number of Axis
11.1.1.4.4 Japan: CNC Milling Machines Market, by Application
11.1.1.5 South Korea: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: CNC Milling Machines Market, by Structure
11.1.1.5.2 South Korea: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.5.2.1 South Korea: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.5.2.2 South Korea: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.5.3 South Korea: CNC Milling Machines Market, by Number of Axis
11.1.1.5.4 South Korea: CNC Milling Machines Market, by Application
11.1.1.6 Rest of Asia Pacific: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: CNC Milling Machines Market, by Structure
11.1.1.6.2 Rest of Asia Pacific: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.6.2.1 Rest of Asia Pacific: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.6.2.2 Rest of Asia Pacific: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.6.3 Rest of Asia Pacific: CNC Milling Machines Market, by Number of Axis
11.1.1.6.4 Rest of Asia Pacific: CNC Milling Machines Market, by Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Pietro Carnaghi SpA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AWEA Mechantronic Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Fives SAS
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 JOBS SpA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Okuma Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 EMCO GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Nidec Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 5. Australia: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 6. Australia: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 9. China: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 10. China: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 11. China: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 12. China: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 13. China: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. India: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 15. India: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 16. India: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 17. India: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 18. India: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 19. India: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Japan: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 21. Japan: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 22. Japan: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 23. Japan: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 24. Japan: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 25. Japan: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. South Korea: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 27. South Korea: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 28. South Korea: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 29. South Korea: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 30. South Korea: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 31. South Korea: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Asia Pacific: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Asia Pacific: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Asia Pacific: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 35. Rest of Asia Pacific: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 36. Rest of Asia Pacific: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific CNC Milling Machines Market Segmentation
Figure 2. Asia Pacific CNC Milling Machines Market Segmentation – by Country
Figure 3. Asia Pacific CNC Milling Machines Market Overview
Figure 4. Asia Pacific CNC Milling Machines Market, by Structure
Figure 5. Asia Pacific CNC Milling Machines Market, by Country
Figure 6. Asia Pacific: PEST Analysis
Figure 7. CNC milling machines Market – Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. Asia Pacific CNC milling machines Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific CNC Milling Machines Market Revenue Share, by Structure (2022 and 2028)
Figure 12. Gantry: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Moving Table: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Fixed Table: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Column Type: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific CNC Milling Machines Market Revenue Share, by X-Axis Working Range (2022 and 2028)
Figure 17. Less Than 2000 mm: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. 2001 mm to 5000 mm: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. 5001 mm to 7000 mm: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Above 7000 mm: Asia Pacific CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia Pacific CNC Milling Machine Market Breakdown, by Number of Axis (2022 and 2028)
Figure 22. 3-Axis: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. 4-Axis: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. 5-Axis: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Asia Pacific CNC Milling Machine Market Breakdown, by Application (2022 and 2028)
Figure 27. Automotive & Transportation: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Aerospace & Defense: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Oil & Gas: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: Asia Pacific CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Asia-Pacific: CNC Milling Machines Market, by Key Country – Revenue (2021) (US$ Million)
Figure 32. Asia Pacific: CNC Milling Machines Market Revenue Share, by Key Country (2022 & 2028)
Figure 33. Australia: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. China: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. India: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Japan: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. South Korea: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Asia Pacific: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
- AWEA Mechantronic Co Ltd
- EMCO GmbH
- Fives SAS
- JOBS SpA
- Nidec Corp
- Okuma Corp
- Pietro Carnaghi SpA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific CNC Milling Machines Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific CNC Milling Machines Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the CNC Milling Machines Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution