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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