CNC Machine Market Highlights
CNC Machine Market size is anticipated to register a 5% CAGR forecast period.
Global CNC Machine Market is reach an approximate value of USD 90 Billion in 2026. Integrating CNC machines with Computer-Aided Manufacturing (CAM) is instrumental in reducing the time required for manufacturing workpieces and enabling the hassle-free production of components. The commercial demand for advanced compact size CNC machines with automatic tool changers and multi-axis machining technology is on the rise. Several large manufacturing units are increasingly adopting CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations.
Based on region, the global CNC machine market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. In 2019, Asia-Pacific dominated the CNC machines market. This can be attributed to the increased adoption of CNC machines in countries in the region, including India, China, and Japan. Key manufacturers such as Okuma Corporation, Yamazaki Mazak Corporation, and DMG Mori Co., Ltd. are based in these countries. Thus, Asia-Pacific is also expected to emerge as the fastest-growing region in the coming years.
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The global CNC machine market share has been segmented based on type, end user, and region. Based on type, the global market is divided into lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines, and others. The CNC lathe machines segment dominated the global CNC machines market in 2019 and is expected to hold its position in the coming years. This dominance can be attributed to the increasing availability of multi-axis machine variants.
Based on end user, the global CNC Machine Market is segmented into automotive, aerospace defense, construction equipment, power energy, industrial, and others. The increasing demand from the automotive, power energy, and industrial sectors is anticipated to boost the market growth of CNC machines. With the increase in the demand for mass production of low-cost workpieces from automobile manufacturers, consuming minimal time is anticipated to accelerate the demand.
Top Key Players
The global CNC machine market is fragmented, with numerous players holding a significant share of the global market. Key industry participants in the global CNC machine market include Amada Co., Ltd. (Japan), Amera Seiki (US), Fanuc Corporation (Japan), Datron AG (Germany), MG Mori (Germany), Dalian Machine Tool Group (DMTG) Corporation (China), Haas Automation, Inc. (US), Okuma Corporation (Japan), Shenyang Machine Tool Co., Ltd. (SMTCL) (China), Hurco Companies, Inc. (US), and Yamazaki Mazak Corporation (Japan).
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Capacity Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
Continued………
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