Report Code: A16612 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Horizontal Machining Center Market
Request Now !The global horizontal machining center market is experiencing significant growth and is expected to grow considerably in the next few years. A horizontal machining center is a machine that is used to remove metal from a workpiece using horizontal rotary cutters. Horizontal machining centers are multi-functional machines that carry out a number of mechanical operations, such as milling, boring, threading, and drilling. This is possible due to its ability to hold a large number tools in the changer. Horizontal machining centers work best with heavy work piece that need machining on multiple sides. Moreover, its horizontal design allows for two-pallet changer integration to facilitate unattended operation and reduce part cycle times. In addition, horizontal machining centers are categorized on the basis of the number of axis, size and spindles they comprise. Furthermore, horizontal machining centers are used by a wide range of businesses, from small workshops to large manufacturing plants. Major players in the horizontal machining center industry adopt advanced technologies to increase the efficiency and lifting capacity of their products to sustain the competition in the horizontal machining center market.
Market Scope and Structure Analysis
Description
A horizontal machining center performs machining in a horizontal plane, and the spindle responsible for machining is installed parallel to the ground. The workpiece attached to the tool holder is installed on the side of the machine. This lets the waste metal chips to fall on the ground away from the workpiece. This feature keeps the working area clean and visible throughout the machining process.Â
COVID-19 Impact Analysis
Top Impacting Factors
The manufacturing sector accounts for about 16% of the total global GDP, and this is expected to rise due to an increase in global population and rise in disposable income of the public in general. This trend is anticipated to increase demand in the horizontal machining center market. In addition, the features of horizontal machining center, such as machining at multiple angles, high feed rate, and high output make it more desirable than a vertical machining center, thus surge in demand for horizontal machining center. Â Furthermore, it can be used to machine any type of metal due to its robustness. This features a high versatility to the equipment, thereby, surging the demand for horizontal machining center. However, the high cost of horizontal machining center is one of the restraining factors hindering the growth of horizontal machining center market. Contrarily, technological developments in horizontal machining center products such as adoption of remote operation, use of industry 4.0 technology, and others boost the efficiency of the equipment as well as result in higher output. This is anticipated to create lucrative opportunities for the horizontal machining center market growth during the forecast period.
Market Trends
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Horizontal Machining Center Market Report Highlights
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