▶ 調査レポート

小型フライス盤の世界市場見通し2023年-2029年

• 英文タイトル:Compact Milling Machine Market, Global Outlook and Forecast 2023-2029

Market Monitor Globalが調査・発行した産業分析レポートです。小型フライス盤の世界市場見通し2023年-2029年 / Compact Milling Machine Market, Global Outlook and Forecast 2023-2029 / MRC2312MG07232資料のイメージです。• レポートコード:MRC2312MG07232
• 出版社/出版日:Market Monitor Global / 2023年12月
• レポート形態:英文、PDF、135ページ
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• 産業分類:機械&装置
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レポート概要
当調査レポートは次の情報を含め、世界の小型フライス盤市場規模と予測を収録しています。・世界の小型フライス盤市場:売上、2018年-2023年、2024年-2029年
・世界の小型フライス盤市場:販売量、2018年-2023年、2024年-2029年
・世界のトップ5企業、2022年

世界の小型フライス盤市場は2022年に000Mドルと評価され、予測期間中に000%のCAGRで2029年までに000Mドルに達すると予測されています。米国市場は2022年に000Mドルと推定されており、中国は2029年までに000Mドルに達すると予測されています。「横型フライス盤」セグメントは今後6年間、000%のCAGRで2029年までに000Mドルに成長すると予測されています。

小型フライス盤のグローバル主要企業は、Roland、 MITSUBISHI、 PROXXON、 Makino、 Wirtgen、 Jet Tools、 Grizzly Industrial、 WEN Products、 DATRON Dynamics、 EMCO、 Haas Automation、 Sherline Products、 Taig Tools、 MicroKinetics、 Smithy、 Tormachなどです。2022年にトップ5企業がグローバル売上シェアの約000%を占めています。

MARKET MONITOR GLOBAL(MMG)は、小型フライス盤のメーカー、サプライヤー、流通業者、および業界の専門家を調査しました。これには、販売量、売上、需要、価格変動、製品タイプ、最近の動向と計画、産業トレンド、成長要因、課題、阻害要因、潜在的なリスクなどが含まれます。

【セグメント別市場分析】

世界の小型フライス盤市場:タイプ別、2018年-2023年、2024年-2029年
世界の小型フライス盤市場:タイプ別市場シェア、2022年
・横型フライス盤、立型フライス盤

世界の小型フライス盤市場:用途別、2018年-2023年、2024年-2029年
世界の小型フライス盤市場:用途別市場シェア、2022年
・航空宇宙、輸送、産業機械、その他

世界の小型フライス盤市場:地域・国別、2018年-2023年、2024年-2029年
世界の小型フライス盤市場:地域別市場シェア、2022年
・北米:アメリカ、カナダ、メキシコ
・ヨーロッパ:ドイツ、フランス、イギリス、イタリア、ロシア
・アジア:中国、日本、韓国、東南アジア、インド
・南米:ブラジル、アルゼンチン
・中東・アフリカ:トルコ、イスラエル、サウジアラビア、UAE

【競合分析】

また、当レポートは主要な市場参加者の分析を提供します。
・主要企業における小型フライス盤のグローバル売上、2018年-2023年
・主要企業における小型フライス盤のグローバル売上シェア、2022年
・主要企業における小型フライス盤のグローバル販売量、2018年-2023年
・主要企業における小型フライス盤のグローバル販売量シェア、2022年

さらに、当レポートは主要企業のプロファイルを提示します。
Roland、 MITSUBISHI、 PROXXON、 Makino、 Wirtgen、 Jet Tools、 Grizzly Industrial、 WEN Products、 DATRON Dynamics、 EMCO、 Haas Automation、 Sherline Products、 Taig Tools、 MicroKinetics、 Smithy、 Tormach

*************************************************************

・調査・分析レポートの概要
小型フライス盤市場の定義
市場セグメント
世界の小型フライス盤市場概要
当レポートの特徴・ベネフィット
調査手法と情報源

・世界の小型フライス盤市場規模
世界の小型フライス盤市場規模:2022年 VS 2029年
世界の小型フライス盤市場規模と予測 2018年-2029年

・競争状況
グローバルトップ企業
売上ベースでのグローバルトップ企業
企業別グローバルでの小型フライス盤の売上
グローバルトップ3およびトップ5企業、2022年売上ベース
グローバル企業の小型フライス盤製品タイプ
グローバルにおけるティア1、ティア2、ティア3企業

・タイプ別市場分析
タイプ区分:横型フライス盤、立型フライス盤
小型フライス盤のタイプ別グローバル売上・予測

・用途別市場分析
用途区分:航空宇宙、輸送、産業機械、その他
小型フライス盤の用途別グローバル売上・予測

・地域別市場分析
地域別小型フライス盤市場規模 2022年と2029年
地域別小型フライス盤売上・予測
北米市場:アメリカ、カナダ、メキシコ
ヨーロッパ市場:ドイツ、フランス、イギリス、イタリア、ロシア
アジア市場:中国、日本、韓国、東南アジア、インド
南米市場:ブラジル、アルゼンチン
中東・アフリカ市場:トルコ、イスラエル、サウジアラビア、UAE

・主要企業のプロファイル(企業概要、事業概要、主要製品、売上、ニュースなど)
Roland、 MITSUBISHI、 PROXXON、 Makino、 Wirtgen、 Jet Tools、 Grizzly Industrial、 WEN Products、 DATRON Dynamics、 EMCO、 Haas Automation、 Sherline Products、 Taig Tools、 MicroKinetics、 Smithy、 Tormach
...

This research report provides a comprehensive analysis of the Compact Milling Machine market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Compact Milling Machine market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Compact Milling Machine, challenges faced by the industry, and potential opportunities for market players.
The global Compact Milling Machine market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Compact Milling Machine market presents opportunities for various stakeholders, including Aerospace, Transportation. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Compact Milling Machine market. Additionally, the growing consumer demand present avenues for market expansion.
The global Compact Milling Machine market was valued at US$ 1493.2 million in 2022 and is projected to reach US$ 2088.9 million by 2029, at a CAGR of 4.9% during the forecast period.
The Compact Milling Machine market is a niche and essential sector within the manufacturing and machining industry, providing efficient and versatile solutions for precision material removal and shaping. These compact milling machines are known for their compact design, offering high-precision machining capabilities that make them suitable for a range of applications, from prototyping and small-scale production to educational and research settings. The market is characterized by ongoing technological advancements, such as enhanced automation, improved software integration, and more powerful spindles, enabling compact milling machines to deliver high accuracy and efficiency in a smaller footprint. Leading manufacturers, including Haas Automation, DATRON, and Roland DG, continue to innovate and offer solutions that cater to the evolving needs of industries and professionals demanding compact, reliable, and highly precise milling capabilities. As businesses and research institutions increasingly seek cost-effective, space-saving, and accurate machining solutions, the Compact Milling Machine market is expected to experience steady growth, providing essential tools for precision material processing and manufacturing in constrained spaces.
Key Features:
The research report on the Compact Milling Machine market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Compact Milling Machine market.
Market Overview: The report provides a comprehensive overview of the Compact Milling Machine market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Horizontal Milling Machine, Vertical Milling Machine), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Compact Milling Machine market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Compact Milling Machine market’s trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Compact Milling Machine market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Compact Milling Machine market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Compact Milling Machine market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Compact Milling Machine market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Compact Milling Machine, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Compact Milling Machine market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Compact Milling Machine market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Horizontal Milling Machine
Vertical Milling Machine
Market segment by Application
Aerospace
Transportation
Industrial Machinery
Others
Global Compact Milling Machine Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Major players covered
Roland
MITSUBISHI
PROXXON
Makino
Wirtgen
Jet Tools
Grizzly Industrial
WEN Products
DATRON Dynamics
EMCO
Haas Automation
Sherline Products
Taig Tools
MicroKinetics
Smithy
Tormach
Outline of Major Chapters:
Chapter 1: Introduces the definition of Compact Milling Machine, market overview.
Chapter 2: Global Compact Milling Machine market size in revenue and volume.
Chapter 3: Detailed analysis of Compact Milling Machine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Compact Milling Machine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Compact Milling Machine capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

レポート目次

1 Introduction to Research & Analysis Reports
1.1 Compact Milling Machine Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Compact Milling Machine Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Compact Milling Machine Overall Market Size
2.1 Global Compact Milling Machine Market Size: 2022 VS 2029
2.2 Global Compact Milling Machine Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Compact Milling Machine Sales: 2018-2029
3 Company Landscape
3.1 Top Compact Milling Machine Players in Global Market
3.2 Top Global Compact Milling Machine Companies Ranked by Revenue
3.3 Global Compact Milling Machine Revenue by Companies
3.4 Global Compact Milling Machine Sales by Companies
3.5 Global Compact Milling Machine Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Compact Milling Machine Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Compact Milling Machine Product Type
3.8 Tier 1, Tier 2 and Tier 3 Compact Milling Machine Players in Global Market
3.8.1 List of Global Tier 1 Compact Milling Machine Companies
3.8.2 List of Global Tier 2 and Tier 3 Compact Milling Machine Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Compact Milling Machine Market Size Markets, 2022 & 2029
4.1.2 Horizontal Milling Machine
4.1.3 Vertical Milling Machine
4.2 By Type – Global Compact Milling Machine Revenue & Forecasts
4.2.1 By Type – Global Compact Milling Machine Revenue, 2018-2023
4.2.2 By Type – Global Compact Milling Machine Revenue, 2024-2029
4.2.3 By Type – Global Compact Milling Machine Revenue Market Share, 2018-2029
4.3 By Type – Global Compact Milling Machine Sales & Forecasts
4.3.1 By Type – Global Compact Milling Machine Sales, 2018-2023
4.3.2 By Type – Global Compact Milling Machine Sales, 2024-2029
4.3.3 By Type – Global Compact Milling Machine Sales Market Share, 2018-2029
4.4 By Type – Global Compact Milling Machine Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Compact Milling Machine Market Size, 2022 & 2029
5.1.2 Aerospace
5.1.3 Transportation
5.1.4 Industrial Machinery
5.1.5 Others
5.2 By Application – Global Compact Milling Machine Revenue & Forecasts
5.2.1 By Application – Global Compact Milling Machine Revenue, 2018-2023
5.2.2 By Application – Global Compact Milling Machine Revenue, 2024-2029
5.2.3 By Application – Global Compact Milling Machine Revenue Market Share, 2018-2029
5.3 By Application – Global Compact Milling Machine Sales & Forecasts
5.3.1 By Application – Global Compact Milling Machine Sales, 2018-2023
5.3.2 By Application – Global Compact Milling Machine Sales, 2024-2029
5.3.3 By Application – Global Compact Milling Machine Sales Market Share, 2018-2029
5.4 By Application – Global Compact Milling Machine Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region – Global Compact Milling Machine Market Size, 2022 & 2029
6.2 By Region – Global Compact Milling Machine Revenue & Forecasts
6.2.1 By Region – Global Compact Milling Machine Revenue, 2018-2023
6.2.2 By Region – Global Compact Milling Machine Revenue, 2024-2029
6.2.3 By Region – Global Compact Milling Machine Revenue Market Share, 2018-2029
6.3 By Region – Global Compact Milling Machine Sales & Forecasts
6.3.1 By Region – Global Compact Milling Machine Sales, 2018-2023
6.3.2 By Region – Global Compact Milling Machine Sales, 2024-2029
6.3.3 By Region – Global Compact Milling Machine Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country – North America Compact Milling Machine Revenue, 2018-2029
6.4.2 By Country – North America Compact Milling Machine Sales, 2018-2029
6.4.3 US Compact Milling Machine Market Size, 2018-2029
6.4.4 Canada Compact Milling Machine Market Size, 2018-2029
6.4.5 Mexico Compact Milling Machine Market Size, 2018-2029
6.5 Europe
6.5.1 By Country – Europe Compact Milling Machine Revenue, 2018-2029
6.5.2 By Country – Europe Compact Milling Machine Sales, 2018-2029
6.5.3 Germany Compact Milling Machine Market Size, 2018-2029
6.5.4 France Compact Milling Machine Market Size, 2018-2029
6.5.5 U.K. Compact Milling Machine Market Size, 2018-2029
6.5.6 Italy Compact Milling Machine Market Size, 2018-2029
6.5.7 Russia Compact Milling Machine Market Size, 2018-2029
6.5.8 Nordic Countries Compact Milling Machine Market Size, 2018-2029
6.5.9 Benelux Compact Milling Machine Market Size, 2018-2029
6.6 Asia
6.6.1 By Region – Asia Compact Milling Machine Revenue, 2018-2029
6.6.2 By Region – Asia Compact Milling Machine Sales, 2018-2029
6.6.3 China Compact Milling Machine Market Size, 2018-2029
6.6.4 Japan Compact Milling Machine Market Size, 2018-2029
6.6.5 South Korea Compact Milling Machine Market Size, 2018-2029
6.6.6 Southeast Asia Compact Milling Machine Market Size, 2018-2029
6.6.7 India Compact Milling Machine Market Size, 2018-2029
6.7 South America
6.7.1 By Country – South America Compact Milling Machine Revenue, 2018-2029
6.7.2 By Country – South America Compact Milling Machine Sales, 2018-2029
6.7.3 Brazil Compact Milling Machine Market Size, 2018-2029
6.7.4 Argentina Compact Milling Machine Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country – Middle East & Africa Compact Milling Machine Revenue, 2018-2029
6.8.2 By Country – Middle East & Africa Compact Milling Machine Sales, 2018-2029
6.8.3 Turkey Compact Milling Machine Market Size, 2018-2029
6.8.4 Israel Compact Milling Machine Market Size, 2018-2029
6.8.5 Saudi Arabia Compact Milling Machine Market Size, 2018-2029
6.8.6 UAE Compact Milling Machine Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 Roland
7.1.1 Roland Company Summary
7.1.2 Roland Business Overview
7.1.3 Roland Compact Milling Machine Major Product Offerings
7.1.4 Roland Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.1.5 Roland Key News & Latest Developments
7.2 MITSUBISHI
7.2.1 MITSUBISHI Company Summary
7.2.2 MITSUBISHI Business Overview
7.2.3 MITSUBISHI Compact Milling Machine Major Product Offerings
7.2.4 MITSUBISHI Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.2.5 MITSUBISHI Key News & Latest Developments
7.3 PROXXON
7.3.1 PROXXON Company Summary
7.3.2 PROXXON Business Overview
7.3.3 PROXXON Compact Milling Machine Major Product Offerings
7.3.4 PROXXON Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.3.5 PROXXON Key News & Latest Developments
7.4 Makino
7.4.1 Makino Company Summary
7.4.2 Makino Business Overview
7.4.3 Makino Compact Milling Machine Major Product Offerings
7.4.4 Makino Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.4.5 Makino Key News & Latest Developments
7.5 Wirtgen
7.5.1 Wirtgen Company Summary
7.5.2 Wirtgen Business Overview
7.5.3 Wirtgen Compact Milling Machine Major Product Offerings
7.5.4 Wirtgen Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.5.5 Wirtgen Key News & Latest Developments
7.6 Jet Tools
7.6.1 Jet Tools Company Summary
7.6.2 Jet Tools Business Overview
7.6.3 Jet Tools Compact Milling Machine Major Product Offerings
7.6.4 Jet Tools Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.6.5 Jet Tools Key News & Latest Developments
7.7 Grizzly Industrial
7.7.1 Grizzly Industrial Company Summary
7.7.2 Grizzly Industrial Business Overview
7.7.3 Grizzly Industrial Compact Milling Machine Major Product Offerings
7.7.4 Grizzly Industrial Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.7.5 Grizzly Industrial Key News & Latest Developments
7.8 WEN Products
7.8.1 WEN Products Company Summary
7.8.2 WEN Products Business Overview
7.8.3 WEN Products Compact Milling Machine Major Product Offerings
7.8.4 WEN Products Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.8.5 WEN Products Key News & Latest Developments
7.9 DATRON Dynamics
7.9.1 DATRON Dynamics Company Summary
7.9.2 DATRON Dynamics Business Overview
7.9.3 DATRON Dynamics Compact Milling Machine Major Product Offerings
7.9.4 DATRON Dynamics Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.9.5 DATRON Dynamics Key News & Latest Developments
7.10 EMCO
7.10.1 EMCO Company Summary
7.10.2 EMCO Business Overview
7.10.3 EMCO Compact Milling Machine Major Product Offerings
7.10.4 EMCO Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.10.5 EMCO Key News & Latest Developments
7.11 Haas Automation
7.11.1 Haas Automation Company Summary
7.11.2 Haas Automation Business Overview
7.11.3 Haas Automation Compact Milling Machine Major Product Offerings
7.11.4 Haas Automation Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.11.5 Haas Automation Key News & Latest Developments
7.12 Sherline Products
7.12.1 Sherline Products Company Summary
7.12.2 Sherline Products Business Overview
7.12.3 Sherline Products Compact Milling Machine Major Product Offerings
7.12.4 Sherline Products Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.12.5 Sherline Products Key News & Latest Developments
7.13 Taig Tools
7.13.1 Taig Tools Company Summary
7.13.2 Taig Tools Business Overview
7.13.3 Taig Tools Compact Milling Machine Major Product Offerings
7.13.4 Taig Tools Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.13.5 Taig Tools Key News & Latest Developments
7.14 MicroKinetics
7.14.1 MicroKinetics Company Summary
7.14.2 MicroKinetics Business Overview
7.14.3 MicroKinetics Compact Milling Machine Major Product Offerings
7.14.4 MicroKinetics Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.14.5 MicroKinetics Key News & Latest Developments
7.15 Smithy
7.15.1 Smithy Company Summary
7.15.2 Smithy Business Overview
7.15.3 Smithy Compact Milling Machine Major Product Offerings
7.15.4 Smithy Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.15.5 Smithy Key News & Latest Developments
7.16 Tormach
7.16.1 Tormach Company Summary
7.16.2 Tormach Business Overview
7.16.3 Tormach Compact Milling Machine Major Product Offerings
7.16.4 Tormach Compact Milling Machine Sales and Revenue in Global (2018-2023)
7.16.5 Tormach Key News & Latest Developments
8 Global Compact Milling Machine Production Capacity, Analysis
8.1 Global Compact Milling Machine Production Capacity, 2018-2029
8.2 Compact Milling Machine Production Capacity of Key Manufacturers in Global Market
8.3 Global Compact Milling Machine Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Compact Milling Machine Supply Chain Analysis
10.1 Compact Milling Machine Industry Value Chain
10.2 Compact Milling Machine Upstream Market
10.3 Compact Milling Machine Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Compact Milling Machine Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer