World - Numerically Controlled Knee-Type Milling Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNumerically Controlled Knee-Type Milling Machine Market
The global market for numerically controlled knee-type milling machines for working metal is projected to see steady growth over the next eight years. With an expected increase in consumption volume and market value, the market is forecasted to reach 31K units and $765M by the end of 2030. Consumption patterns have shown fluctuations over the past decade, with countries like China, the United States, and India leading in consumption volume in 2022. Production levels have also varied, with China being the largest producer of these machines. Import and export trends have shown changes in both volume and value, with countries like India and Switzerland emerging as key importers and exporters. Overall, the market is expected to see positive growth in the coming years, driven by increasing demand worldwide.
Market Forecast
Driven by increasing demand for numerically controlled knee-type milling machines for working metal worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market volume to 31K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $765M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Numerically Controlled Knee-Type Milling Machines For Working Metal
In 2022, approx. 24K units of numerically controlled knee-type milling machines for working metal were consumed worldwide; approximately reflecting the year before. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, global consumption reached the maximum volume at 28K units in 2018; however, from 2019 to 2022, consumption remained at a lower figure.
The size of the market for numerically controlled knee-type milling machines for working metal worldwide reduced slightly to $510M in 2022, which is down by -1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a slight reduction. Over the period under review, the global market attained the maximum level at $651M in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (4.8K units), the United States (2.5K units) and India (2.1K units), together accounting for 40% of global consumption. Russia, Japan, Brazil, Indonesia, France, Germany, Turkey, Ethiopia, Luxembourg and Mexico lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Luxembourg (with a CAGR of +27.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest numerically controlled knee-type milling machine markets worldwide were China ($91M), the United States ($83M) and Japan ($39M), with a combined 42% share of the global market. France, Germany, Brazil, Indonesia, India, Mexico and Turkey lagged somewhat behind, together comprising a further 19%.
Among the main consuming countries, France, with a CAGR of +9.2%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of numerically controlled knee-type milling machine per capita consumption was registered in Luxembourg (710 units per million persons), followed by France (9.9 units per million persons), the United States (7.4 units per million persons) and Germany (7 units per million persons), while the world average per capita consumption of numerically controlled knee-type milling machine was estimated at 3 units per million persons.
From 2012 to 2022, the average annual growth rate of the numerically controlled knee-type milling machine per capita consumption in Luxembourg amounted to +25.5%. In the other countries, the average annual rates were as follows: France (+11.1% per year) and the United States (+6.0% per year).
Production
World Production of Numerically Controlled Knee-Type Milling Machines For Working Metal
Global numerically controlled knee-type milling machine production shrank to 22K units in 2022, falling by -4.8% against the previous year. The total output volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, global production hit record highs at 27K units in 2018; however, from 2019 to 2022, production failed to regain momentum.
In value terms, numerically controlled knee-type milling machine production dropped to $595M in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Global production peaked at $777M in 2018; however, from 2019 to 2022, production remained at a lower figure.
Production By Country
The country with the largest volume of numerically controlled knee-type milling machine production was China (5.4K units), accounting for 24% of total volume. Moreover, numerically controlled knee-type milling machine production in China exceeded the figures recorded by the second-largest producer, the United States (2.3K units), twofold. The third position in this ranking was held by India (1.1K units), with a 5.1% share.
From 2012 to 2022, the average annual growth rate of volume in China totaled +5.1%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+5.8% per year) and India (+7.5% per year).
Imports
World Imports of Numerically Controlled Knee-Type Milling Machines For Working Metal
Global numerically controlled knee-type milling machine imports stood at 3.2K units in 2022, picking up by 6.2% compared with the previous year's figure. In general, imports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 when imports increased by 17%. Over the period under review, global imports hit record highs at 4.8K units in 2015; however, from 2016 to 2022, imports remained at a lower figure.
In value terms, numerically controlled knee-type milling machine imports dropped to $50M in 2022. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 19%. Global imports peaked at $116M in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports By Country
India represented the key importer of numerically controlled knee-type milling machines for working metal in the world, with the volume of imports finishing at 1K units, which was approx. 32% of total imports in 2022. It was distantly followed by Luxembourg (454 units), Israel (230 units), the United States (223 units), Belarus (154 units) and Egypt (150 units), together constituting a 38% share of total imports. The UK (80 units), Brazil (68 units), Kazakhstan (53 units), France (50 units) and the Philippines (49 units) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to numerically controlled knee-type milling machine imports into India stood at -6.8%. At the same time, Kazakhstan (+48.7%), Belarus (+31.4%), Egypt (+29.9%), Luxembourg (+27.5%), the UK (+11.5%), the Philippines (+7.0%), France (+3.3%) and the United States (+2.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the world, with a CAGR of +48.7% from 2012-2022. By contrast, Israel (-7.8%) and Brazil (-10.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Luxembourg, Belarus, Egypt, the United States, the UK and Kazakhstan increased by +13, +4.6, +4.4, +3.1, +1.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest numerically controlled knee-type milling machine importing markets worldwide were India ($9.8M), the United States ($8.1M) and France ($7.2M), together comprising 50% of global imports. Israel, the UK, Brazil, Kazakhstan, Luxembourg, Belarus, the Philippines and Egypt lagged somewhat behind, together comprising a further 6.6%.
Kazakhstan, with a CAGR of +27.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average import price for numerically controlled knee-type milling machines for working metal amounted to $15,736 per unit, declining by -12.8% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of 51%. As a result, import price reached the peak level of $26,365 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($144,274 per unit), while Egypt ($101 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Numerically Controlled Knee-Type Milling Machines For Working Metal
In 2022, approx. 1.6K units of numerically controlled knee-type milling machines for working metal were exported worldwide; which is down by -36.9% on the previous year. In general, exports showed a mild decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 151%. As a result, the exports reached the peak of 5.1K units. From 2015 to 2022, the growth of the global exports remained at a lower figure.
In value terms, numerically controlled knee-type milling machine exports declined markedly to $37M in 2022. Over the period under review, exports showed a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. Over the period under review, the global exports attained the peak figure at $68M in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
China was the main exporting country with an export of about 513 units, which amounted to 33% of total exports. Taiwan (Chinese) (230 units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by India (5.7%) and Italy (4.8%). The Netherlands (68 units), France (68 units), Switzerland (53 units), Oman (48 units), the UK (48 units), the United States (47 units), Japan (47 units), Saudi Arabia (36 units) and Romania (34 units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +27.3% from 2012 to 2022. At the same time, Romania (+48.0%), Oman (+47.3%), the Netherlands (+41.4%), Saudi Arabia (+24.6%), Italy (+8.1%), Switzerland (+4.5%) and the UK (+1.3%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.0% from 2012-2022. By contrast, India (-3.4%), France (-3.7%), Taiwan (Chinese) (-7.1%), Japan (-10.8%) and the United States (-12.9%) illustrated a downward trend over the same period. While the share of China (+30 p.p.), the Netherlands (+4.3 p.p.), Oman (+3 p.p.), Italy (+2.9 p.p.), Romania (+2.2 p.p.) and Saudi Arabia (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Japan (-5.1 p.p.), the United States (-7.4 p.p.) and Taiwan (Chinese) (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Switzerland ($16M) remains the largest numerically controlled knee-type milling machine supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by China ($7.7M), with a 21% share of global exports. It was followed by Japan, with a 5.2% share.
From 2012 to 2022, the average annual growth rate of value in Switzerland stood at +2.4%. In the other countries, the average annual rates were as follows: China (+23.8% per year) and Japan (-8.3% per year).
Export Prices By Country
In 2022, the average export price for numerically controlled knee-type milling machines for working metal amounted to $23,312 per unit, surging by 4.9% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of 61% against the previous year. The global export price peaked at $34,179 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($299,492 per unit), while Oman ($663 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global market for numerically controlled knee-type milling machine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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