During the projected period (2023 to 2033), the global thread milling machine market is expected to grow at a CAGR of 5.1%. The market is anticipated to be valued at USD 17,437.7 Million in 2023 and reach USD 28,675.9 Million by the end of 2033.
The thread milling machine has been around for over a hundred years and is used in a wide range of industries. There are several types of thread milling machines, each with its own unique set of features and capabilities.
Milling machines are used to create various types of threads, including external threads on pipes and screws, as well as internal threads on tapped holes. A thread milling machine consists of a cutter with multiple flutes that rotates about an axis. The cutter progressively removes material from the workpiece to create the desired thread form.
Thread milling machines were first developed in the early 1900s. These early machines were rudimentary compared to today's standards. However, they were still able to perform the basic function of cutting threads into metal.
Throughout the years, thread milling machines have undergone numerous improvements and refinements. The most common type of thread milling machine is the computer numeric controlled (CNC) model.
There are numerous variables while selecting the right thread mill- from cycle times, cutting parameters, and hole size to the type of coating used, the tool design & size, and using coolant-through or flood coolant. Nowadays software packages and apps are available to help operators select the appropriate thread mill.
Thread milling difficult-to-machine materials also require a CNC machine tool that is capable of helical interpolation. The general rule is to maximize rigidity and accuracy for tool holding requirements.
Shrink-fit tool holders typically offer high rigidity and low runout. One can create one-size threads and have little tool deflection with that with a small amount of runout. The less runout one has, the less additional processing if the threads are not to the exact specs.
| Attributes | Key Insights |
|---|---|
| Thread Milling Machine Market Estimated Size (2023E) | USD 17,437.7 Million |
| Projected Market Valuation (2033F) | USD 28,675.9 Million |
| Value-based CAGR (2023 to 2033) | 5.1% |
| Market Share of the USA | 32.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global thread milling machine market is expected to reach USD 28,675.9 Million by 2033 and exhibit growth at a CAGR of 5.1% during the forecast period. The future of the global thread milling machine market looks bright with a historical CAGR of 3.2% from 2018 to 2022, according to a new report by FMI. The market is mainly driven by the growing demand for thread milling machines from the automotive and aerospace industries.
Historically, the global thread milling machine market has been dominated by North America and Europe due to the presence of a large number of manufacturers in these regions. However, Asia Pacific is expected to emerge as the leading market during the forecast period owing to the growing demand from China and India.
A number of influential factors have been identified to stir the soup in the thread milling machine market. Besides the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can pose a challenge to the progression of the thread-milling machine market.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Principal Consultant
High Demand for Manufactured Goods in the USA to Boost Sales of Portable Thread Milling Machines
Sales of thread milling machines are affected in the USA market in a few ways. Firstly, the demand for these machines is largely dependent on the manufacturing industry in the country. When there is high demand for manufactured goods, there is also a higher demand for thread milling machines.
Secondly, the cost of these machines is greatly affected by the American dollar. A strong dollar makes imported thread milling machines more expensive, while a weak dollar makes them less expensive. Owing to the aforementioned factors, the thread milling machine market in the USA is expected to showcase considerable growth during the forecast period.
Demand for Horizontal Milling Machines to Surge among Indian Manufacturers by 2033
Thread milling machines are used in a wide variety of industries for various applications. In India, thread milling machines are used in the automotive, aerospace, and defense industries. These machines offer numerous advantages over traditional machining methods, including increased productivity, improved accuracy, and high flexibility. With the right thread milling machine, Indian manufacturers can increase their competitiveness in the global market.
German Threaded End Mills Manufacturers to Focus on Launching Long-lasting Models
Germany is a world leader in the production of thread milling machines, with a market share of over 50%. This dominance has been achieved through a combination of factors, including a strong engineering base, high-quality manufacturing, and an excellent reputation for reliability.
Germany-based thread milling machine manufacturers have invested heavily in research & development, resulting in a continuous stream of new and improved products. This commitment to innovation ensures that German companies remain at the forefront of this highly competitive market.
The high standards of German engineering are also reflected in the quality of the country's thread-milling machines. Manufacturers such as DMG MORI and Heinz Fiedler GmbH & Co. KG offer machines that are built to last, with many models having a lifespan of 20 years or more.
The emergence of Various Chinese CNC Thread Milling Machine Companies to Spur Sales
China is emerging as a high-potential market for thread-milling machines. The country’s manufacturing sector is growing rapidly, requiring more of these machines to meet the rising demand. Chinese manufacturers are increasingly looking to purchase higher-quality machines, which they see as an essential component for producing quality products.
The Chinese government is also supportive of the thread milling machine market and has invested heavily in it. This has led to the emergence of a large number of leading Chinese manufacturers who are able to produce quality machines at competitive prices.
Demand for Tapping Milling Machines to Grow among Medical Facilities by 2033
Based on application, the medical segment is projected to remain at the forefront in the global thread milling machine market during the evaluation period. These machines are used in the medical industry to make small threads for use in face masks, curtains, bedsheets, and other accessories. These machines help to ensure rotational accuracy with small-diameter milling tools. Increasing concerns regarding hygiene and rising demand for clean healthcare products are expected to bode well for the segment.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global thread milling machine market is highly competitive. Major players in the market are Brother Industries, Hitachi, JTEKT Corporation, Mitsubishi Electric Corporation, Nakamura-Tome Precision Industry, and DMG MORI SEIKI CO., LTD. These companies have a strong presence in the market and hold a large share of the market.
The competition in the market is intense as these companies are continually striving to develop new and innovative products to gain a competitive edge. Research & development (Research and Development) is a key area of focus for these companies and they are investing heavily in it.
These companies are also engaged in aggressive marketing activities to promote their products. The global market is growing at a rapid pace due to the increasing demand from various industries such as automotive, aerospace, and others.
For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 17,437.7 Million |
| Projected Market Valuation (2033) | USD 28,675.9 Million |
| Value-based CAGR (2023 to 2033) | 5.1% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Material, Application, Region |
| Key Companies Profiled | DMG Mori Seiki Co., Ltd.; Junker Group; Sandvik Coromant AB; Kennametal Inc.; Walter AG; Yamazaki Mazak Corporation; EMAG GmbH & Co.; Brother Industries; Hitachi; JTEKT Corporation; Mitsubishi Electric Corporation; Nakamura-Tome Precision Industry |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The thread milling machine market size is expected to be USD 17,437.7 Million by the end of 2023.
The thread milling machine market is expected to rise at a CAGR of 5.1% in the forecast period.
The North American thread milling machine market is expected to register a 38% CAGR between 2023 and 2033.
The USA, China, Canada, Germany, and Mexico are the major countries driving demand for thread milling machines.
Sales of thread milling machines are projected to grow at a CAGR of 5.7% in China during the assessment period.
The UK thread milling machine market is projected to grow at a CAGR of 5.3% in the evaluation period.
The demand for thread milling machines is projected to grow at a CAGR of 6.3% in India during the assessment period.
Sales of thread milling machines in the USA are expected to grow at a rate of 32.7% in 2023.
The demand for thread milling machines in Japan is expected to grow at 8.0% CAGR in 2023.
The demand for thread milling machines in Australia is expected to grow at 2.7% CAGR in 2023.
The global thread milling machine market is expected to surpass USD 28,675.9 Million by the end of 2033.
1. Executive Summary | Thread Milling Machine Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Stainless steel 5.2. Mild steel 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Food Equipment 6.2. Automotive 6.3. Aerospace 6.4. Power Generation 6.5. Medical 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Online 7.2. Offline 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. DMG Mori Seiki Co., Ltd. 18.2. Junker Group 18.3. Sandvik Coromant AB 18.4. Kennametal Inc. 18.5. Walter AG 18.6. Yamazaki Mazak Corporation 18.7. EMAG GmbH & Co. 18.8. Brother Industries 18.9. Hitachi 18.10. JTEKT Corporation 18.11. Mitsubishi Electric Corporation 18.12. Nakamura-Tome Precision Industry 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Process Automation Insights
View Reports
Thread Milling Machine Market
