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The global CNC milling machines market size is segmented on the basis of structure, X-axis working range, number of axis, and application. Based on structure, the market is segmented into gantry, moving table, fixed table, and column type. Based on X-axis working range, the CNC milling machines market is categorized into less than 2,000 mm; 2,001 mm to 5,000 mm; 5,001 mm to 7,000 mm; and above 7,000 mm. Based on number of axis, the market is categorized into 3-axis, 4-axis, 5-axis, and others. Based on application, the CNC milling machines market is segmented into automotive & transportation, aerospace & defense, oil & gas, and others. By region, the CNC milling machines market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
The UK is one of the most developed countries in Europe and accounted for a significant share of the Europe CNC milling machines market in 2022. The country has a significantly developed automotive industry, which is a vital part of its economy. The UK has over 30 automotive manufacturers and more than 250 automotive component providers. The export of vehicles contributes to 10% of the total exports of the country. Thus, the growing automotive industry across the UK is driving the demand for CNC milling machines. Additionally, the UK has a developed aerospace & defense industry with the presence of companies such as Bae Systems Plc and Rolls Royce Plc. The increase in aircraft and aircraft components manufacturing by these companies is propelling the demand for CNC milling machines from the aerospace & defense industry across the UK.
Okuma Corporation, Nidec, NICOLÁS CORREA S.A, AWEA MECHANTRONIC CO. LTD, and Emco are a few key players operating in the CNC milling machines market. During this study, several major CNC milling machines market players were analyzed to get a holistic view of the global market and its ecosystem.
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