Vertical Milling Machine Market: Worldwide Industry Analysis and New Market Opportunities Explored  2020 - 2030

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Vertical Milling Machine – Introduction

  • A vertical milling machine is a precision tool, which is used for fabrication and shaping of metallic work pieces. Plastic and other materials can also be milled on the machine apart from metal. The process of milling depends on the material and tooling.
  • Milling machines are classified as column and knee type, and categorized as horizontal or vertical. Horizontal or vertical milling machines are based on the machine’s spindle axis.
  • A vertical milling machine is also capable of working as a drill press because of its perpendicular spindle to the table and can be pulled down into a work piece.
  • Vertical milling machines are relatively less complicated than horizontal machines owing to the one-piece tool head, which eliminates the need for complex gearing inside the vertical column. This fact has been significantly driving the market over the past years.

High Versatility and Wide Array of Industrial Applications to drive Demand for Vertical Milling Machines in the Global Market

Vertical milling machines are relatively low cost and do not require a highly qualified workforce to operate them, which further subsidizes the operational cost of the machine owner (by eliminating the training cost).
Additionally, the machines also have a smaller footprint, because they take up lesser space than horizontal milling machines. This particularly offers cost benefits in areas where real estate cost is higher.
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Hazards Associated with the Usage of Vertical Milling Machines a Significant Challenge to the Market

  • Usage of vertical milling machines exposes its operators to several hazards. One of the most notable limitation of using the vertical milling machine is the uncertainty of using it securely, and properly clamping the work piece to the machine work station.
  • The machine has to be operated in a way that it is safe and enables flexible movement.

New Product Development Integrated with Safety Features to Create Demand Opportunities

  • Machine manufacturers across the globe are becoming more focused on marketing and selling milling machines integrated with enhanced safety features and production capability as majority of vertical milling machines have an element of safety hazards.
  • In April 2020, Geng-Shuen Co., Ltd. introduced its new vertical milling machine with additional features. It added a longer Y-axis to one of its vertical milling CNC machines, which enabled wider movements of the machine for enhanced performance.
  • Increased instances of new product development, filling the seller & consumer perception gap in the industry is expected to generate novel growth opportunity in the market

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