Product Code: ETC430161 | Publication Date: Oct 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Milling Machine Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Although the growth rate starts strong at -1.08% in 2025, it steadily loses momentum, ending at -4.06% by 2029.
Thailand's Milling Machine market is anticipated to experience a negative growth rate of -1.55% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Milling machines are vital in the manufacturing and machining industries, enabling precision cutting and shaping of materials. The milling machine market in Thailand is influenced by the country`s expanding manufacturing base and the demand for custom parts and components. Advanced CNC milling machines are gaining popularity due to their versatility and automation capabilities, enhancing productivity in various sectors.
The Thailand milling machine market is expanding due to the country`s growing manufacturing and metalworking sectors. Milling machines are crucial for precision machining, making them indispensable in industries such as automotive, aerospace, and mold making. As these industries thrive, the demand for milling machines rises, driving market growth.
Challenges in the Thailand milling machine market include the need for precision and efficiency. Industries relying on milling machines demand high precision and reliability, which requires ongoing investment in technology and maintenance. Moreover, the market faces competition from imported machines, requiring local manufacturers to focus on value-added services, such as training and support, to retain customers.
The Thailand milling machine market experienced disruptions due to the COVID-19 pandemic. As lockdowns and restrictions were imposed, manufacturing activities slowed down, leading to a decrease in the demand for milling machines. Supply chain disruptions also affected the availability of critical components for these machines. However, with the gradual reopening of industries and increased government support for economic recovery, the market is expected to recover as manufacturing activities regain momentum.
Prominent players in the Thailand milling machine market include Yamazaki Mazak (Thailand) Co., Ltd., DMG MORI Thailand Co., Ltd., and Makino Milling Machine Co., Ltd. These companies are known for their state-of-the-art milling machines and have contributed to the growth of the milling machine market in Thailand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Milling Machine Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Milling Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Milling Machine Market - Industry Life Cycle |
3.4 Thailand Milling Machine Market - Porter's Five Forces |
3.5 Thailand Milling Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Milling Machine Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Thailand Milling Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision engineering in industries such as automotive, aerospace, and electronics. |
4.2.2 Technological advancements leading to the development of more efficient and versatile milling machines. |
4.2.3 Government initiatives to promote manufacturing and industrial growth in Thailand. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and maintaining milling machines. |
4.3.2 Lack of skilled workforce proficient in operating and maintaining advanced milling machines. |
4.3.3 Economic fluctuations impacting the overall manufacturing sector in Thailand. |
5 Thailand Milling Machine Market Trends |
6 Thailand Milling Machine Market, By Types |
6.1 Thailand Milling Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Milling Machine Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Milling Machine Market Revenues & Volume, By Horizontal Milling Machines, 2021-2031F |
6.1.4 Thailand Milling Machine Market Revenues & Volume, By Vertical Milling Machines, 2021-2031F |
6.2 Thailand Milling Machine Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Thailand Milling Machine Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Thailand Milling Machine Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.4 Thailand Milling Machine Market Revenues & Volume, By Construction Equipment, 2021-2031F |
6.2.5 Thailand Milling Machine Market Revenues & Volume, By Power & Energy, 2021-2031F |
6.2.6 Thailand Milling Machine Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.7 Thailand Milling Machine Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Milling Machine Market Import-Export Trade Statistics |
7.1 Thailand Milling Machine Market Export to Major Countries |
7.2 Thailand Milling Machine Market Imports from Major Countries |
8 Thailand Milling Machine Market Key Performance Indicators |
8.1 Utilization rate of milling machines in manufacturing facilities. |
8.2 Rate of adoption of CNC milling machines in the market. |
8.3 Number of technical training programs for milling machine operators in Thailand. |
8.4 Percentage of manufacturing companies investing in upgrading milling machine technology. |
9 Thailand Milling Machine Market - Opportunity Assessment |
9.1 Thailand Milling Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Milling Machine Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Thailand Milling Machine Market - Competitive Landscape |
10.1 Thailand Milling Machine Market Revenue Share, By Companies, 2024 |
10.2 Thailand Milling Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |