Vertical Machine Center Market Size, Share, Opportunities, And Trends By Axis Type (3 Axis, 4 Axis, 5 Axis), By Application (Mold Manufacturing, Complex Part Manufacturing, Others), By End-User (Automotive, Aerospace & Defense, Electronics, Manufacturing, Medical, Others), And By Geography - Forecasts From 2023 To 2028

The vertical machine center market is predicted to expand rapidly during the forecast period.

Vertical machine centers are advanced machining tools that are widely used in the manufacturing and metalworking industries such as automotive, aerospace and defence, and electronics. These centers use sophisticated computer numerical control systems and are outfitted with a variety of cutting tools, such as drills, end mills, and taps. These can be changed automatically during the machining process using a tool changer. The favorable establishment of printed circuit board (PCB) and other manufacturing plants contributed to the vertical machine center industry's growth.

Market Drivers

• The establishment of medical equipment manufacturing plants propels the vertical machine center market upwards.

Medical equipment manufacturing requires advanced solutions to produce complex and sophisticated medical devices and equipment. The favorable investments in new medical device production plants coupled with bolstering growth in the healthcare sector are anticipated to increase the demand for vertical medical centers. For instance, in March 2022, Wipro GE Healthcare, a global leader in medical technology, announced the opening of a new manufacturing facility in Bengaluru, India, under the Production Linked Incentive (PLI) Scheme of the Indian government.

• Increasing printed circuit board (PCB) manufacturing plants bolsters the vertical machine center market growth.

Vertical machine centers are versatile milling machines that can perform a variety of milling operations such as drilling, boring, and cutting. This versatility enables manufacturers to produce numerous types of Printed Circuit Boards (PCBs) with varying complexities in an efficient manner thereby meeting the market's distinct requirements. This is expected to push the vertical machine center market trajectory upwards. For instance, in July 2023, Otis Worldwide Corporation officially launched its brand-new PCB production hall in Berlin. Additionally, in August 2023, the Teltonika company group entered a new phase of development with the establishment of a cutting-edge PCB  manufacturing plant in the future technology park of Liepkalnis, Vilnius.

• Bolstering growth in the automotive sector drives the vertical machine center market expansion.

The establishment of new automotive manufacturing plants demands vertical machine centers as it provides advanced and efficient milling options for a wide range of automotive components. These components include engine blocks, cylinder heads, transmission parts, and chassis components. It precisely cuts and shapes the automotive components. Favourable efforts undertaken by automotive manufacturers in new facilities establishments to enhance their production capacity have provided a positive scope to the market outlook. For instance, in June 2022, the BMW Group broadened its manufacturing footprint in China with the official opening of plant Lydia in Shenyang, China.

Asia Pacific is expected to show considerable growth.

Asia Pacific is expected to account for a significant share of the vertical machine center market due to the various establishment of manufacturing plants. For instance, in June 2023, OMRON Healthcare Co., Ltd. announced a plan to open a manufacturing plant at the origins by Mahindra in Chennai. Additionally, in October 2023, Quasar Medical launched its innovative manufacturing plant in Dongguan, China to provide cutting-edge solutions for the medical device industry. In April 2022, Siemens Healthineers expanded its manufacturing footprint in India with the approval of a new production plant of Computed Tomography scanners under the Government of India's PLI scheme. 

Market Restraints

• High vibration will restrain the growth of the vertical machine center market.

Vertical machining centers cause more vibration in comparison to horizontal machining centers which can reduce precision and use on tooling and fixtures. Furthermore, this vibration can be a problem for manufacturers who are machining sensitive parts or components. Such performance-related setbacks may limit the adoption of vertical machine centers.

Market Development

• September 2022- Makino Inc. launched the Slim3n three-axis vertical machining center, a superior performance, space-saving solution for component and part processes requiring turnkey and automation. The Slim3n is equally capable of drilling and tapping applications, with a 50 m/min rapid rate powered by a 1.5 G Z-axis acceleration.
• June 2022- LMW introduced two new machines the JG 50 and the LF20C Twin G at Intec 2022, Codissia, Coimbatore, the workhorses for the customer shopfloor, increasing customer productivity.

Company Products

• Slim3n Vertical 3-Axis- Makino's new compact vertical machining center Slim3n delivers high performance and efficiency for high-volume part production. The Slim3n is well-suited for a wide range of component machining applications centred on optimizing the machining process, increasing flexibility, achieving an effortless workflow, and implementing various types of automation. The Slim3n offers two spindle speeds 16,000 rpm and 8,000 rpm, and its standard 26-tool ATC magazine provides smooth, fast indexing.
• Mycenter-3020G, -20k “Sparkchanger” Vertical Machining Center- Mycenter-3020G, -20k “Sparkchanger” Vertical Machining Center is a type of machine center provided by Kitamura Machinery. It is ideal for heavy-duty mold cutting to high-speed accuracy cutting for high precision parts and provides high torque 20HP AC, 20,000rpm 4-step gear driven, multiple contact spindle.
• VM2515 3-Axis Vertical Machining Center- The Milltronics VM2515 comes with 25′′ x 15′′ x 20′′ travels and a 30′′ x 16′′ table that can support 3,140 lbs at full velocity. and a BIG-PLUS spindle with a 15 HP 10,000 RPM. It consists of a fully enclosed machine guard with side doors and an automatic positive displacement lubrication system.
• GENOS M460-VE- Okuma offers the GENOS M460-VE, the world's smallest vertical machining center. The GENOS M460-VE provides thermal stability, low energy consumption, and quick tool change times for improved efficiency in a small footprint equipped with Okuma's leading OSP control.

Segmentation

• By Axis Type
  • 3 Axis
  • 4 Axis
  • 5 Axis
• By Application
  • Mold Manufacturing
  • Complex Part Manufacturing
  • Others
• By End-User
  • Automotive
  • Aerospace & Defence
  • Electronics
  • Manufacturing
  • Medical
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

4.6. Forward Proxy

5. VERTICAL MACHINE CENTER MARKET BY AXIS TYPE

5.1. Introduction

5.2. 3 Axis

5.3. 4 Axis

5.4. 5 Axis

6. VERTICAL MACHINE CENTER MARKET BY APPLICATION

6.1. Introduction

6.2. Mold Manufacturing

6.3. Complex Part Manufacturing

6.4. Others

7. VERTICAL MACHINE CENTER MARKET BY END-USER

7.1. Introduction

7.2. Automotive

7.3. Aerospace & Defence

7.4. Electronics

7.5. Manufacturing

7.6. Medical

7.7. Others

8. VERTICAL MACHINE CENTER MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Indonesia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Makino Inc.

10.2. Kitamura Machinery

10.3. Nicolas Correa Group

10.4. Milltronics

10.5. Okuma Corporation

10.6.  Avemax Industrial Co., Ltd

10.7. DMG MORI 

10.8. Ningbo Haitian Precision Machinery Co., Ltd. 

Makino Inc.

Kitamura Machinery

Nicolas Correa Group

Milltronics

Okuma Corporation

Avemax Industrial Co., Ltd

DMG MORI

Ningbo Haitian Precision Machinery Co., Ltd.