Vertical Machining relies on rotary cutters to eliminate metal from a work piece. It is also known as milling. Vertical machining occurs on vertical machining center (VMC), which employs a shaft with a vertical orientation. With an upright oriented shaft, apparatuses stick straight down from tool holder, and frequently cut across the top of a work piece. In 3-axis Vertical Machining, work piece remains still while cutting tool moves along the 3 axes to mill the part. It is one of the most widely used techniques to form mechanical parts, and can be used for automatic or interactive operation such as drilling holes, milling slots, and cutting sharp edges. 3-axis vertical machining operates on the 3 axes, thus it’s relatively simple and permits material to be removed in the 3 axes represented by side to side, back to front, and up and down.
According to study, “World 3-axis Vertical Machining Centers 2019 Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world 3-axis vertical machining centers 2019 market are GFMS, Chiron, Hermle, DMG MORI Co. Ltd., Mazak, SPINNER, Makino, Alzmetall, Okuma Corp., MECAL, JTEKT, Hardinge, STAMA, FOM Industries, Fadal, CB Ferrari, Emmegi, Schaublin, Haas Automation Inc., YCM, FIDIA, Accuway, Hurco, SMTCL, AWEA, Hanland, JFMT, RIFA, DMTG, BYJC. Key vendors have been subjecting their products to substantial technological disruptions with an integration of modern technologies for instance Non-Uniform Rational Basis Spline (NURBS) which can produce various shapes ranging from 2D line and arc or curve to complex 3D organic free-form surfaces & solids and provides improved control over cutting and other operations in each axis.
Based on product type, 3-axis vertical machining centers market is segmented into high speed type and low speed type. In addition, based on end-use industry, market is segmented into machinery manufacturing industry, aerospace manufacturing industry, vehicle engineering industry and others. Vehicle engineering industry holds major share in market owing to rise in need for high precision in the production process.
The3-axis vertical machining centers market is driven by rise in vehicle sophistication, followed by upgrade in emission standards, rise in demand for CNC-incorporated machine tools, increase in demand for fabricated products and growth in investments in autonomous & electric vehicles manufacturing. However, refurbished vertical machining centers, stringent regulatory framework and availability of horizontal machining centers may impact the market. Moreover, rise in adoption of advanced manufacturing technologies is a major opportunity for market.
Based on geography, USA and EU regions holds major share in 3-axis vertical machining centers market owing to presence of large manufacturers and increase in investments in automotive manufacturing in the regions. China country is estimated to witness higher growth rate due to rise in population, growth in economy and increase in disposable income of consumers over the forecast period. It is expected that future of the market will be optimistic on account of growth in development of advanced manufacturing processes during the forecast period. The worldwide market is projected to grow at a CAGR of approximately 1.0% over the next five years, will reach US $6200 million by 2024, from US $5830 million in 2019.
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Ankur Gupta, Head Marketing & Communications