End Milling Machine Market Share

APAC Market Forecast

Asia Pacific industry is predicted to dominate majority revenue share of 33% by 2037. The market growth in the region is also expected on account of ever growing energy and power sector. India holds the position of being the world's largest electricity producer. In the year 2022-23, the country witnessed a total electricity generation of 1,844 TWh with utilities contributing 1,618 TWh to this amount. The per capita gross electricity consumption in FY2023 stood at 1,327 kWh. End milling machines are commonly used in the energy sector to produce parts for power plants, such as turbines and generators. They are also widely used to power hydraulic systems, which are essential for many energy-related applications.

North American Market Statistics

The North America end milling machine market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The market’s expansion can be attributed majorly to the ever-growing educational institutions and training centers in the region that require end milling machines to teach students and workers how to operate and program CNC machines, creating a continuous demand.

Additionally, as industries expand and develop, more workers need to learn how to use CNC machines, which requires even more end milling machines. As a result, the prices of end milling machines have come down in region, making them more accessible and affordable for both consumers and businesses.