North America 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 North America CNC milling machines market is expected to grow from US$ 1,629.30 million in 2023 to US$ 2,602.95 million by 2028. It is estimated to grow at a CAGR of 9.8% from 2023 to 2028.
Increase in production of military aircraft is fuelling North America CNC milling machines market
The defense aircraft industry is tremendously dynamic in terms of orders, component supply, production volume, supply, cost, and profits. Governments of various countries, as well as private and public companies, are investing huge capital in enhancing aircraft capabilities to meet the aircraft requirements during combat/non-combat scenarios.
For instance, the US government announced the opening of new F-16 production plant in North Carolina. The increasing threat of terrorism, border security, and troop transportation is creating an immense need for advanced military aircraft support.
Further, the manufacturers of defense aircraft models such as fixed wing and rotary wing are experiencing a rise in demand for their models from defense forces across region. Owing to the modernization strategies =adopted by governments and defense authorities. To deliver the desired quality of models, aircraft makers are integrating the models with advanced hardware and software. The military aircraft industry is heavily dominated by a few manufacturers, including Lockheed Martin Corporation, Boeing, Airbus Defense, Dassault Aviation, and Textron Inc. These market players are continuously focusing on enhancing their production capacity to meet the ever-growing demand for military aircrafts. CNC milling machines are used in aircraft production for manufacturing and assembling several aircraft parts. Thus, the rising production of military aircraft is driving the demand for CNC milling machines, thereby contributing to the growth of the market.
North America CNC Milling Machines Market Overview
The US and Canada have a significant presence of automotive and aerospace manufacturing companies, which is influencing the rise in demand for CNC milling machines across the region, thereby contributing to the North America CNC milling machines market. Ford, Chevrolet, Jeep, GMC, Dodge, Cadillac, Chrysler, Tesla, and Lucid are among the major automotive manufacturers present in North America. The region has experienced a significant rise in investment by these automotive companies to expand their geographical presence and increase their annual production, which is further increasing the demand for CNC milling machines from the automotive industry. Since 2010, the US automotive industry has witnessed an increase in investments to develop new manufacturing plants. For instance, Ford, Rivian, and Hyundai invested ~US$ 33 billion in 2023 to establish electric vehicle and battery manufacturing plants nationwide. Similarly, in September 2023, Hyundai announced the development of its electric vehicle production plant in the US. CNC milling machines are widely used across the automotive industry for vehicle prototyping applications and for producing several parts of cars, such as internal panels, starter motors, cylinder heads, drive axles, and gearboxes. Thus, the constant growth in the automotive industry across the region is fueling the growth of the North America CNC milling machines market.
North America CNC Milling Machines Market Revenue and Forecast To 2028 (US$ Million)
North America CNC Milling Machines Market Segmentation
The North America CNC milling machines market is segmented into structure, x- axis working range, number of axis, application, and country. Based on structure, the North America 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 North America 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 US, Canada and Mexico. US dominated the market share in 2023.
Amera-Seiki Corp, AWEA Mechantronic Co Ltd, EMCO Gmbh, Fives SAS, JOBS SpA, KRC Machine Tool Solutions, Nidec Corp, Okuma Corp, Pietro Carnaghi SpA are the leading companies operating in the North America 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. North America CNC Milling Machines Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America 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 –North America Analysis
6.1 North America CNC Milling Machines Market Overview
6.2 North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
7. North America CNC Milling Machines Market Analysis – by Structure
7.1 Overview
7.2 North America 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. North America CNC milling machines Market Analysis – by X-Axis Working Range
8.1 Overview
8.2 North America 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)
8.41 mm to 5000 mm
8.4.1 Overview
8.4.21 mm to 5000 mm: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
8.51 mm to 7000 mm
8.5.1 Overview
8.5.21 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. North America CNC Milling Machine Market Analysis – By Number of Axis
9.1 Overview
9.2 North America 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. North America CNC Milling Machine Market Analysis – By Application
10.1 Overview
10.2 North America 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. North America CNC Milling Machines Market – Country Analysis
11.1 Overview
11.1.1 North America: CNC Milling Machines Market – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.1 US: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: CNC Milling Machines Market, by Structure
11.1.1.1.2 US: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.1.2.1 US: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.1.2.2 US: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.1.3 US: CNC Milling Machines Market, by Number of Axis
11.1.1.1.4 US: CNC Milling Machines Market, by Application
11.1.1.2 Canada: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: CNC Milling Machines Market, by Structure
11.1.1.2.2 Canada: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.2.2.1 Canada: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.2.2.2 Canada: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.2.3 Canada: CNC Milling Machines Market, by Number of Axis
11.1.1.2.4 Canada: CNC Milling Machines Market, by Application
11.1.1.3 Mexico: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: CNC Milling Machines Market, by Structure
11.1.1.3.2 Mexico: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.3.2.1 Mexico: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.3.2.2 Mexico: CNC Milling Machines Market, by X-Axis Working Range
11.1.1.3.3 Mexico: CNC Milling Machines Market, by Number of Axis
11.1.1.3.4 Mexico: 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 KRC Machine Tool Solutions
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 Amera-Seiki 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 JOBS SpA
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 Okuma 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
13.8 EMCO GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Nidec Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 3. US: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 5. US: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 6. US: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 11. Canada: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 12. Canada: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: CNC Milling Machines Market, by Structure– Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: CNC Milling Machines Market, by X-Axis Working Range – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: CNC Milling Machines Market, by X-Axis Working Range – Volume and Forecast to 2028 (Units)
Table 17. Mexico: CNC Milling Machines Market, by X-Axis Working Range – Pricing and Forecast to 2028 (US$)
Table 18. Mexico: CNC Milling Machines Market, by Number of Axis – Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: CNC Milling Machines Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. North America CNC Milling Machines Market Segmentation
Figure 2. North America CNC Milling Machines Market Segmentation – by Country
Figure 3. North America CNC Milling Machines Market Overview
Figure 4. North America CNC Milling Machines Market, by Structure
Figure 5. North America CNC Milling Machines Market, by Country
Figure 6. North America: PEST Analysis
Figure 7. CNC milling machines Market – Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. North America CNC milling machines Market: Impact Analysis of Drivers and Restraints
Figure 10. North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America CNC Milling Machines Market Revenue Share, by Structure (2022 and 2028)
Figure 12. Gantry: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Moving Table: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Fixed Table: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Column Type: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America CNC Milling Machines Market Revenue Share, by X-Axis Working Range (2022 and 2028)
Figure 17. Less Than 2000 mm: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18.1 mm to 5000 mm: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19.1 mm to 7000 mm: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Above 7000 mm: North America CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America CNC Milling Machine Market Breakdown, by Number of Axis (2022 and 2028)
Figure 22. 3-Axis: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. 4-Axis: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. 5-Axis: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America CNC Milling Machine Market Breakdown, by Application (2022 and 2028)
Figure 27. Automotive & Transportation: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Aerospace & Defense: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Oil & Gas: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: North America CNC Milling Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America: CNC Milling Machines Market, by Key Country – Revenue (2022) (US$ Million)
Figure 32. North America: CNC Milling Machines Market Revenue Share, by Key Country (2022 & 2028)
Figure 33. US: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Mexico: CNC Milling Machines Market – Revenue and Forecast to 2028 (US$ Million)
- Amera-Seiki Corp
- AWEA Mechantronic Co Ltd
- EMCO Gmbh
- Fives SAS
- JOBS SpA
- KRC Machine Tool Solutions
- 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 North America CNC milling machines market.
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