The global CNC horizontal machining centres market to grow at a CAGR of 6.57% during the period 2017-2021.
The report, Global CNC Horizontal Machining Centres Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is reduction of changeover time with individual zero reset counter. Changeover times are the intervals between which the clean and set-up operations for the next workpiece are initiated. As idle time has a negative influence on productivity, it has become essential to reduce the changeover times. At present, CNC horizontal machining center has a pallet changer and multiple surfaces that have reduced the changeover time to increase the productivity, resulting in higher demand for these machines. A few trends followed by manufacturers to reduce the changeover time are mentioned below.
According to the report, one of the major drivers for this market is self-optimized machine cutting. The cutting technique primarily consists of milling and gun drilling processes and operations. The self-optimization capability of these processes in CNC horizontal machining centers is likely to increase the production efficiency of the cutting processes along with reduction in costs.
Further, the report states that one of the major factors hindering the growth of this market is highly priced machines. The CNC horizontal machining centers are priced approximately 2-3 times more than vertical CNC machining centers. Thus, many industrial producers do not prefer to make such a huge investment in the machining centers. Therefore, unless the job piece demands for specialized machines, producers end up buying vertical machining centers.