Turning Centres Market.
As per the findings of a recent survey report by Fact.MR, the demand for turning centres will experience positive growth in 2021. Improving business conditions & increased consumer spending will drive the demand for the turning centres.
The latest findings in Fact.MR reports are based on global sales of turning centres for 2016-2021. However, the market forecast is offered for 2021-2031.
Key Developments in Turning Centres industry:
As the producers are anticipating the surge in turning Centre demands, they are transforming to reinforce their business with the adoption of the latest technologies.
For instance, key players like AceMICROMATIC is working significantly to develop cost-effective products to meet the changing requirements. They are making innovations in the field of application engineering and tooling solutions.
Another key player like Askar micron is functioning to build affordable and quality turning centres. They are intended to provide high-cutting capacity & high accuracy turning centres.
Manufacturers have observed steady demand in the turning Centre market over time. The sophisticated application of the Turning Centre has simplified the carving, drilling & milling process.
Numerical control of the machine provides high accuracy. Due to this quality, the turning Centre serves the purpose of delicate designing of parts. Improvement in business conditions & increased consumer spending is the driving factors for the growth of the manufacturing unit.
This, in turn, leads to increased investment and a positive impact on the turning Centre market. The positive growth in the manufacturing unit renders high demand in the turning Centre market.
On the other hand, Uncertainty in the market and shortage of raw materials are the major challenges Infront of the manufacturers. However, the industry is expected to grow substantially as the demand for automobiles is increasing rapidly and new industries are being set up under the government flagship that will boost the economy.
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Turning is a machine process carried out in lathe machines where the tool moves parallel to the axis of the lathe and removes the material diameter. Turning centres are mostly used for cylindrical objects.
The competitive pricing strategy used by manufacturers and the innovation of new solutions to reduce the number of cycles will increase the sales of turning centres during the forecast period. In addition, sophisticated turning centres can also perform a variety of milling and drilling operations.
Recent advancements in turning centres are that most turning centres now use servo motors instead of spindle motors for rotary tools, which helps in cost reduction.
Using servo-axes equipped with multi-hybrid drives as a rotary tool leads to size reduction of machine tools, thereby leading to cost reduction.
Apart from cost reduction, the modular concept allows a wide range of alternatives or substitute specifications and functions, i.e. from simple turning to complete machining using live tools, sub-spindle and C/Y axis.
The new modular concept will give a boost to the turning centres during the forecast period. The key trend in the turning centres is smarter instruments and user-friendly software platforms.
Implementing modern resources will enhance the tolerance and accuracy of the finished product. The deployment of modern turning centres to reduce cycle times with multi-axis and multi-channel control optimizes the synchronization among channels. The innovation in “Tooling technology” will provide key growth momentum to the turning centres globally.
Key Trends driving demand for Turning Centres:
The world of industrial machinery manufacturing has led to advancements in hybrid manufacturing. The turning centres is a highly fragmented market where the key players are from Japan, China, US and Germany.
Since it is a highly fragmented market, high competition prevails in this market and keeps the key manufacturers looking for technological advancements.
The growth in automation in end-use industries for production operations is driving the turning centres. The cost factor for the turning centres for heavy-duty loading applications keeps the growth trend for that segment low when compared to the others.
The cost reduction in such highly customized turning centres will lead to growth in sales during the forecast period. The growth of the automotive industry in Asia is the key driving factor responsible for the development in sales of turning centres.
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The turning centres primarily have great scope in Asia as the manufacturing industries in the region are deploying such CNC products. Though there are some key manufacturers in North America and Western Europe, currently, the turning centres are being led by manufacturers based in Japan, Taiwan, India, China, and South Korea.
The growth of customized turning centres for high precision objects in Asia will provide the key growth momentum to the manufacturers and suppliers. The manufacturing and supply of turning centres in India and China markets will reach a linear growth trend during the forecast pattern.
The adoption of intelligent control technologies will be the critical factor in commercializing turning centres with real-time solutions.
The key market manufacturers of turning centres are:
- ACE MICROMATIC GROUP
- Askar Microns CNC Machine Manufacturer
- DMG MORI
- Doosan Machine Tools
- EMCO group
- GEDEE WEILER PRIVATE LIMITED
- Haas Automation
- Jyoti CNC Automation Ltd (HURON GRAFFENSTADEN)
- Officine E. Biglia & C. S.p.a.
- Okuma Corporation
- Rekha Engineering Works
- Sandvik Coromant
- TAKAHASHI MACHINERY CO,. LTD
- Yamazaki Mazak Pvt. Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
An Adaptive Approach to Modern-day Research Needs
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The global centres market can be segmented into axis, loading, types and application.
On the basis of axis, the global turning centres market is segmented into:
- 2 Axis
- 3 Axis
On the basis of loading, the global turning centres market is segmented into:
- Light duty
- Medium duty
- Heavy duty
On the basis of type, the global turning centres market is segmented into:
- Horizontal Production turning
- Vertical Production Turning
- Turn & Mill
- Universal Turning
On the basis of application, the global turning centres market is segmented into:
- General Manufacturing
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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