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5-Axis CNC Machining Centers Market to grow by USD 792.5 Million from 2024-2028, driven by self-optimized cutting technology, with AI powering market evolution – Technavio

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global 5-axis CNC Machining Centers Market  size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.09%  during the forecast period. Self-optimized machine cutting is driving market growth, with a trend towards reduction of changeover time for 5-axis CNC machines. However, highly capital-intensive market  poses a challenge – Key market players include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Automotive, Aerospace, Metal fabrication, and Others), Product (Vertical 5-axis CNC machining centers and Horizontal 5-axis CNC machining centers), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp.

Key Market Trends Fueling Growth

The 5-axis CNC machining centers market is experiencing significant growth due to the increasing focus on reducing changeover times to enhance productivity. Parallel operation, where semi-finished products are prepared in different working areas during the machining process, is a trend that helps minimize idle time. Additionally, auto-selection of working areas, which aligns tools with the next workpiece, is another method employed to streamline the changeover process. These advancements are expected to boost the adoption of 5-axis CNC machines in various industries, contributing to the market’s expansion during the forecast period. 

Five-axis CNC machining centers are trending in advanced manufacturing solutions due to their precision, adaptability, and ability to produce complex parts with ease. These systems offer industrial operations the capability to machine complex geometries, reducing setup times and cycle times. The integration of linear axes and rotating axes enables multi-sided machining, benefiting industries like aerospace, defense, medical, and petroleum. Precision is key in industries producing high-precision components, and five-axis CNC machining centers deliver with minimal changeover time and real-time monitoring. Subtractive processes, such as milling and turning, are optimized through toolpath optimization and CNC programming. Specialized training for operators ensures efficient manufacturing processes. Hybrid manufacturing combines five-axis technology with vertical and horizontal machining centers, improving manufacturing efficiency and reducing labor safety concerns. Advanced machining systems cater to industries like aerospace and defense, producing lightweight structures with complex geometries. Smart instruments, cutting parameters, and multifaceted tools further enhance the capabilities of five-axis CNC machining centers. Manufacturing processes are streamlined, resulting in improved quality, shorter cycle times, and efficient material handling. 

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Market Challenges

The 5-axis CNC machining centers market is a significant investment for manufacturers due to the high cost correlation with raw materials, which account for approximately 48% of the overall manufacturing expense. Raw material price fluctuations necessitate frequent adjustments to pricing strategies, adding to the financial burden. Additionally, workforce training and consultant hiring contribute to increased costs. Frequent technology obsolescence, leading to the adoption of new machinery like 6-axis CNC, necessitates continuous research and development expenditures. Despite these challenges, the 5-axis CNC machining centers market remains crucial for manufacturing industries, offering precision and versatility in production processes.The 5-axis CNC machining centers market faces several challenges in various industries. Specialized training is required for operators to effectively use these advanced manufacturing solutions. Complex geometries demand precise tool movement and real-time monitoring for optimal manufacturing processes. Aerospace and defense, automotive, and medical sectors require lightweight structures, which call for manufacturing efficiency and improved quality. Vertical and horizontal machining centers must cater to diverse manufacturing processes, from aerospace and petroleum to metal fabrication. Cycle time and material handling are critical factors, as is ensuring labor safety. Advanced manufacturing solutions, such as industrial robots, can help streamline production processes. Changeover time, cutting parameters, and smart instruments are essential for maintaining high-quality output. Multifaceted tools and 5-axis technology enable complex part production. The defense sector, commercial aviation, military systems, electric vehicles, general machinery, precision engineering, transport machinery, and construction machinery all rely on these capabilities for their manufacturing needs.

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Segment Overview 

This 5-axis cnc machining centers market report extensively covers market segmentation by

End-user 1.1 Automotive1.2 Aerospace1.3 Metal fabrication1.4 OthersProduct 2.1 Vertical 5-axis CNC machining centers2.2 Horizontal 5-axis CNC machining centersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive-  The global automotive industry is experiencing significant changes due to regulatory framework updates, technological advancements, and evolving customer preferences. OEMs are responding to these shifts by introducing new vehicle categories, such as micro-SUVs and mid-size pickup trucks, to cater to diverse customer segments. Simultaneously, regulatory bodies are imposing stricter emission regulations and fuel efficiency standards, compelling automakers to adopt advanced manufacturing technologies. Among these, 5-axis CNC machining centers have gained popularity due to their ability to produce high-precision automotive parts cost-effectively. This trend is particularly prominent in the automotive sector, where productivity and product quality are paramount. While 3-axis machining remains prevalent, 5-axis CNC systems are increasingly preferred for turning and milling operations. The increasing demand for automobiles, particularly in oil-importing countries like India and China, is expected to fuel the growth of the 5-axis CNC machining centers market in the forecast period.

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Research Analysis

The 5-axis CNC machining centers market is driven by the demand for advanced machining systems that offer superior precision, adaptability, and flexibility in industrial operations. These systems enable the production of complex parts with intricate geometries and tight tolerances, reducing setup times and improving cycle time. 5-axis machining centers utilize both linear axes for X, Y, and Z movements, as well as rotating axes for B and C movements, allowing for multi-sided machining. Industries such as medical, aerospace, petroleum, and metal fabrication rely on these systems for the production of high-precision components. Hybrid manufacturing, combining additive and subtractive processes, is also gaining popularity. Key features include computer numerical control, tool movement, material handling, quality improvement, and reduction of changeover time. Vertical and horizontal machining centers are common types in this market.

Market Research Overview

The 5-axis CNC machining centers market represents the latest advancement in manufacturing technology, offering superior precision, adaptability, and flexibility for industrial operations. These systems utilize linear axes for X, Y, and Z movements, as well as rotating axes for A and B movements, enabling multi-sided machining of complex parts. The market caters to various industries, including aerospace, defense, medical, and automotive, producing high-precision components with complex geometries. 5-axis CNC machining centers support hybrid manufacturing, combining subtractive processes with advanced manufacturing solutions. They offer toolpath optimization, CNC programming, and specialized training for operators. These systems can produce intricate components with minimal setup times, reducing cycle time and material handling. Advanced manufacturing processes, such as vertical and horizontal machining centers, benefit from 5-axis technology. Real-time monitoring, cutting parameters, smart instruments, and multifaceted tools contribute to manufacturing efficiency and quality improvement. The market also caters to industries like petroleum, metal fabrication, and construction machinery, ensuring labor safety and efficient production processes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotiveAerospaceMetal FabricationOthersProductVertical 5-axis CNC Machining CentersHorizontal 5-axis CNC Machining CentersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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HUYA Inc. to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024

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-Earnings Webinar Scheduled for 7:00 a.m. ET on November 12, 2024

GUANGZHOU, China, Oct. 22, 2024 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its third quarter 2024 unaudited financial results on Tuesday, November 12, 2024, before the open of U.S. markets.

The Company’s management will host a Tencent Meeting Webinar at 7:00 a.m. U.S. Eastern Time on November 12, 2024 (8:00 p.m. Beijing/Hong Kong time on November 12, 2024), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

[1] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China. As a technology-driven company, Huya offers rich and dynamic content across games, e-sports, and other entertainment genres where it has cultivated a large, highly engaged, interactive, immersive community of game enthusiasts. Building on its success in game live streaming and through close collaboration with game companies, e-sports tournament organizers, broadcasters and talent agencies, Huya is expanding its presence in the game industry, both domestically and internationally. By providing more innovative game-related services, the Company is committed to meeting the evolving needs of game enthusiasts, content creators, and industry partners.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-to-report-third-quarter-2024-financial-results-on-tuesday-november-12-2024-302282799.html

SOURCE HUYA Inc.

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Lightspeed Commerce Releases Insight Driven Product Updates for Q2

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New product updates focus on providing merchants with a deeper understanding of their–and their competitors–businesses

MONTREAL, Oct. 22, 2024 /PRNewswire/ – Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (“Lightspeed” or the “Company”), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today highlighted some of the key product innovations launched in the past quarter to support the Company’s customer base in retail and hospitality.

Focused on improving business effectiveness and operational efficiency, the releases in the past few months have streamlined business management to help create faster workflows, predict sales opportunities and compare the health of their business against industry benchmarks.

“This past quarter we’ve delivered on some exciting and cutting-edge technology innovations,” said Dax Dasilva, Founder and Chief Executive Officer of Lightspeed. “Whether you’re a retailer looking to better capitalize on product sales opportunities, or a restaurateur who needs to better understand their business in context to your peers, we’ve opened up real opportunities to improve business performance and maximize sales.”

Lightspeed’s Q2 innovations brought a number of new products and feature sets across the retail and hospitality industries, including:

Retail

Increased sales opportunities and better inventory management with Retail Insights
Launched globally in August, Retail Insights allows Lightspeed customers to close the gap on missed sales opportunities by using historical and real time data to forecast demand which factors in stock-outs, and create purchase orders ahead of demand.Keep your sales, and peace of mind, with Offline Mode
With Offline Mode, Lightspeed Retail merchants can continue to run business as usual even during outage situations. When a terminal detects that the internet connection has been lost, Lightspeed’s POS will be prompted to enable offline mode to process payments. Merchants can manually enter the sale amounts and have the customer pay using a card payment like normal. The payment will be stored on the terminal until the internet connection has been restored. All stored payments will then be transferred to Lightspeed for processing and merchant portal payments will be updated accordingly.Automatic Order Distribution to Multiple Locations
Distributing stock from a purchase order to multiple locations can be challenging. With Lightspeed Multi-Location Ordering, retailers can now create one purchase order for multiple locations and after receiving it at a warehouse automatically create transfers to distribute the stock out.Instant Payouts for Retailers Comes to the UK
Cash flow is the most crucial part of running a business. With the launch of Instant Payouts to UK merchants, eligible Lightspeed merchants will be able to access funds immediately after the transaction–even on weekends and holidays–and manage daily expenses, pay suppliers and invest in growth opportunities. Instant Payouts is already available to Lightspeed Retail customers currently based in the U.S.

Hospitality

Groundbreaking AI-driven Benchmarks & Trends for the Hospitality industry
Through the power of machine learning and AI, Benchmarks & Trends gives restaurateurs the insights they need to help boost revenue, streamline operations, and gain a competitive edge in a crowded dining landscape.Spot trends faster with the new Sales Summary page
Leveraging improved data visualization, customers can now better understand what’s happening with their business, identify sales trends and pinpoint where losses are happening. This visual guide clearly outlines the busiest periods throughout the week and provides insights into what’s affecting performance.Happy Hour on Order Anywhere
Extend POS happy hour pricing to Order Anywhere. This feature allows businesses to dynamically adjust their menu pricing, allowing guests to take advantage of happy hour pricing ordering online from their table.Menu management made easy through bulk actions
Customers can manage their menu faster than ever with new bulk actions in the item library. Assign static categories, accounting groups, production instructions, etc. Archive or unarchive up to a hundred items at a time.Issue partial refunds directly from the POS
Partial refunds directly from the POS are now enabled for all merchants. This feature gives users the flexibility to refund specific items, service charges and tips, making it easier to provide excellent customer service.

eCommerce

Endless opportunities with custom sections for the Instant Site
Merchants and partners can now develop and design new sections for Lightspeed eCommerce Instant Site. Giving merchants and developers the tools to build unique customer experiences tailored to their business or design an online store that matches their vision and takes their brand to the next level.

Lightspeed powers the world’s best restaurants and retailers including: Taverne Atlantic (Montréal), Tony’s Chocolonely (Amsterdam), Alinea Group (Chicago), L’Occitane (New Zealand), and Kei (Paris).

For more information, see https://www.lightspeedhq.com/.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional omnichannel customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries.

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including information regarding Lightspeed’s product offerings and planned product roadmap. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightspeed-commerce-releases-insight-driven-product-updates-for-q2-302282360.html

SOURCE Lightspeed Commerce Inc.

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meviy Introduces Anodized Aluminum Sheet Metal

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SCHAUMBURG, Ill., Oct. 22, 2024 /PRNewswire/ — meviy, the cutting-edge parts procurement platform developed by MISUMI Group Inc. is pleased to announce the latest addition to its Sheet Metal Service: Anodized Aluminum (Pre-Finished) Sheets. Customers can now access these high-quality, pre-finished sheets with lead times as short as five days. This release provides the perfect solution for those in need of anodized aluminum products quickly and efficiently.

For users working with 3D CAD designs, meviy’s anodized aluminum sheets offer a new level of versatility and precision. Available in both Clear and Black finishes, these sheets provide an attractive, corrosion-resistant surface while maintaining the strength and lightweight characteristics of aluminum.

Key Features of meviy’s Anodized Aluminum Sheets:

Rapid Lead Times: Lead times as short as five days ensure that production timelines remain uninterrupted.Customizable Thickness: A variety of thicknesses are available to meet specific design requirements.High-Quality Surface Finish: The anodized coating offers enhanced corrosion resistance and a sleek, uniform appearance.

To ensure optimal results when integrating meviy’s anodized aluminum sheets into projects, several factors should be considered:

Cut Surfaces: Pre-finished sheets will not have a surface finish on cut edges (see Figure 1). If a finished look is required on these surfaces, it is recommended to select a material that is not pre-finished and specify anodizing after cutting.Bending and Color Variations: The surface treatment may peel at bends, (see Figure 2) and slight color differences can occur depending on part shape and cutting method. Surface treatment thickness cannot be specified, and variations in plating appearance may occur depending on the delivery date.Assembly Considerations: Assembled components, such as nuts, will not be anodized.

This new offering from meviy provides a robust solution that balances durability, lightweight properties, and aesthetic appeal. Whether designing for consumer products, automotive applications, or industrial equipment, meviy’s anodized aluminum sheets provide the quality and performance needed.

For detailed color comparisons between meviy’s anodized aluminum plated products and pre-finished sheets, please click here. meviy’s anodized aluminum sheets are now available to streamline the production process with fast and reliable service.

For more information or to place an order, click here.

About meviy:
meviy is a next-generation manufacturing platform that offers instant quotations and on-demand custom mechanical parts services, empowering businesses to optimize efficiency and achieve unparalleled success in the competitive market landscape.

About MISUMI:
MISUMI is a global distributor and manufacturer of industrial automation components. With a commitment to offering efficient, cost-effective solutions, MISUMI is a single source for the electric vehicle manufacturing and assembly industry. MISUMI’s catalog of highly configurable components is a fast, reliable, and cost-effective option for last-minute design changes, prototyping, and meeting full-scale design and application requirements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/meviy-introduces-anodized-aluminum-sheet-metal-302273119.html

SOURCE MISUMI USA

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