CNC Milling Machines Market is segmented By Product Type (Vertical CNC Milling Machines (Turret Mills, Bed Mills), Horizontal CNC Milling Machines (Pl....
Market Size in USD
CAGR3.53%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 3.53% |
Market Concentration | Medium |
Major Players | Doosan Corp, F-Zimmermann, DMG MORI SEIKI, HYUNDAI WIA, Gleason Corporation |
The CNC milling machines market is estimated to be valued at USD 81.8 Bn in 2024 and is expected to reach USD 104.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.53% from 2024 to 2031. The CNC milling machines market is experiencing positive growth driven by an increasing demand from automotive, transportation and precision engineering applications.