Computer Numerical Control (CNC) Machine Market Trends by Machine Type (Lathe Machine, Miller Machine, Laser, Welding Machine, and Winding Machine), End User (Automotive, Industrial, Power and Energy, and Aerospace and Defense), & Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
Pages: 300 | Jul-2024 Formats | PDF | Category: Automobile and Transportation | Delivery: 24 to 72 Hours
Computer Numerical Control (CNC) Machine Market Overview
“The Computer Numerical Control (CNC) Machine Market is estimated to increase at a CAGR 7.23% from $ 103.25 Billion in 2023 to $ 124 Billion by 2030.”
For Insights Consultancy presents an extensive market analysis report titled “Computer Numerical Control (CNC) Machine Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.
The report also focuses new trends, major drivers, challenges, as well as opportunities. The report provides all necessary information needed to thrive in the Computer Numerical Control (CNC) Machine industry. This report is about Computer Numerical Control (CNC) Machine market research provides a complete analysis, which includes a comprehensive analysis of the current and future trends in the market.
CNC machining is an automated manufacturing process that utilizes computer software to control machine tools, such as lathes, mills, and routers. This technology has revolutionized manufacturing by offering unparalleled precision, efficiency, and scalability.
Key Advantages of CNC Machining:
- Precision: CNC machines deliver highly accurate and consistent results, producing parts with intricate details and tight tolerances.
- Efficiency: Automation and reduced manual labor lead to increased production speed and reduced manufacturing time.
- Versatility: CNC machines can handle a wide range of materials and produce complex shapes, making them adaptable to various industries.
- Consistency: By eliminating human error, CNC machines ensure uniform product quality and reduce defects.
Applications of CNC Machining: CNC machining finds applications across numerous industries, including automotive, aerospace, medical, and electronics. From creating intricate engine components to manufacturing precise medical implants, CNC technology plays a vital role in modern manufacturing.
The Future of CNC Machining: Advancements in computer technology and robotics are further enhancing CNC capabilities. Integration with other technologies like artificial intelligence and the Internet of Things is poised to revolutionize the manufacturing landscape.
Computer Numerical Control (CNC) Machine Market Growth Drivers
Large-scale manufacturing facilities are increasingly utilizing CNC systems for their precision in creating parts and components. This technology, which is interchangeable with CAD and CAM, directly impacts cutting costs and enhances output and product quality.
This presents a lucrative market opportunity for American CNC machines, impacting sectors like aerospace, military, and automotive, and potentially driving the growth of these industries.
The growth of the computer numerical control (CNC) machine market is largely driven by the growing demand for various industrial devices and equipment, including medical, semiconductor, telecom, and electric vehicles.
Computer Numerical Control (CNC) Machine Market Restraints
The global manufacturing industry is adopting industrial automation systems due to the growing importance of real-time data for process modeling and predictive maintenance. Automation offers increased productivity and reduced operating costs for companies in aerospace, medical, automotive, and military industries.
It also enhances precision, consistency, safety, and quality of industrial processes, with automakers increasingly using complex automated technology like CNC machines.
Computer Numerical Control (CNC) Machine Market Opportunity
The market for automated CNC systems, coupled with industrial robots, is influenced by the growing demand for these systems, which use simulation software to boost productivity and address skilled worker shortages. Factors such as lifestyle changes, investments, urbanization expansion, and increased consumer spending also positively impact the market.
CNC machines, which use computerized technology to control tools, are expected to see increased demand due to strong IoT adoption. The integration of digital technology in various industries, coupled with the digitization of industries and the shift to automated production methods, is expected to accelerate the adoption of CNC technology across various sectors.
Competitive Landscape of the Computer Numerical Control (CNC) Machine Market Challenges
The market is facing a significant threat due to a shortage of skilled workers for running automated systems. This lack of knowledge and skills in operating CNC machines, particularly in small enterprises, is a major barrier to the market. The lack of training programs could significantly alter the future of the CNC machine business.
Computer Numerical Control (CNC) Machine Market Segment Analysis
The industrial sector’s growing demand for automated manufacturing has led to a rise in CNC machines, particularly in the Asia Pacific region, due to the production of power. CNC machines are also increasingly important in the automotive industry, as many modern automobile parts are made entirely using CNC tools and machines, from die-casting components to creating unibody frames.
CNC machines are utilized in the production of engine housings, axles, bearing caps, suspension parts, and carburetor housings. They are also utilized in acrylic/PMMA machining for headlights, exterior lighting, and interior lights in the automotive industry. The increasing rate of automated automobile manufacturing is expected to accelerate the sector’s development.
The industrial sector’s growing demand for automated manufacturing has led to a surge in the use of CNC machines and computer numerical controls, particularly in the Asia-Pacific region.
By Machine Type
- Lathe Machine
- Miller Machine
- Laser
- Welding Machine
- and Winding Machine)
By End User
- Automotive
- Industrial
- Power and Energy
- Aerospace and Defense
Competitive Landscape of the Computer Numerical Control (CNC) Machine Market Analysis
- Yamazaki Mazak Corporation (Japan)
- Doosan Machine Tools Co., Ltd. (Korea)
- Trumpf (Germany)
- Amada Machine Tools Co., Ltd (Japan)
- JTEKT Corporation (Japan)
- MAG IAS GmbH (Germany)
- Schuler AG (Germany)
- Makino (Japan)
- Hyundai WIA (Korea)
- Komatsu Ltd. (Japan)
- Okuma Corporation (Japan)
- FANUC Corporation (Japan)
- XYZ Machine Tools (U.K.)
- Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan)
- General Technology Group Dalian Machine Tool Corporation (Liaoning Province)
- ANCA Group (Australia)
New Developments
March 2022- Ramco Specialties Inc, a company that manufactures critical components throughout the market of the US, recently increased its potential of manufacturing facilities via procurement of tight-tolerance CNC equipment. This installation is anticipated to inspire other important component manufacturers within the area to obtain this state-of-the-art equipment for manufacturing.
January 2022- The acquisition of Versatech LLC, the company that operates as a prominent manufacturer of CNC machine solutions, was announced by MES Inc. This acquisition will increase the intentions of MES Inc to expand its prominence in the last-mile manufacturing industry.
August 2021– MES Inc. announced the acquisition of Versatech, LLC, which operates as a prominent manufacturer of CNC machine solutions. This acquisition will augment intentions of MES Inc. to increase its prominence in the last mile manufacturing industry.
In March 2021, the Quick and Simple Startup of Robotization (QSSR) G-code feature was integrated with so by Fanuc America Corporation, a division of Fanuc Corporation, to update its CNC product range. Through this connection, the company’s improved CNC machines enable tool makers and machine operators to more effectively program robots.
Regional Analysis of Global Computer Numerical Control (CNC) Machine Industry
Asia Pacific
The Asia-Pacific market holds the largest share of computer numerical controls, driven by developing economies like China and India. The automotive sector is expected to grow significantly due to rising demand for automobiles in this region.
Manufacturers are moving production units to this region due to cheap labor access and falling component costs. Adoption is influenced by proximity to supply and demand regions.
The Asia Pacific region’s manufacturing facilities have led to an increase in computer numerical controls in the automotive industry. The sector is expected to grow rapidly due to automated car production. The CNC market is expected to benefit from increased productivity, time efficiency, and precision in metalworking industries, including automotive and manufacturing.
Latin America is expected to lead the production of advanced compact CNC machines, used in precision engineering and automotive sectors, while Europe has seen steady expansion due to their time- and cost-saving features, particularly in the manufacturing sector, where CNC machines offer more flexible working procedures.
Frequently Asked Questions
What are some applications of Computer Numerical Control (CNC) Machine?
NC, CNC, and DNC are all aspects of computer numerical control (CNC) machining and manufacturing processes, which involve the automation of machine tools using computer-executed commands.
What is the expected growth rate of the Computer Numerical Control (CNC) Machine market over the next 7 years?
Computer Numerical Control (CNC) Machine Market is estimated to increase at a CAGR 7.23% from $ 103.25 Billion in 2023 to $ 124 Billion by 2030.
Who are the major players in the Computer Numerical Control (CNC) Machine market and what is their market share?
Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (Korea), Trumpf (Germany), Amada Machine Tools Co., Ltd (Japan), JTEKT Corporation (Japan), MAG IAS GmbH (Germany), Schuler AG (Germany), Makino (Japan), Hyundai WIA (Korea), Komatsu Ltd. (Japan), Okuma Corporation (Japan), FANUC Corporation (Japan), XYZ Machine Tools (U.K.), Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan), General Technology Group Dalian Machine Tool Corporation (Liaoning Province), ANCA Group (Australia), are prominent players operating and dominating in the market.
Who are the top 3 Computer Numerical Control (CNC) Machine Market Key Vendors?
Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (Korea), Trumpf (Germany), are key players in the Computer Numerical Control (CNC) Machine market.
Which geographical areas dominate the worldwide market for Computer Numerical Control (CNC) Machine?
Asia Pacificregion are emerging as the top regional markets for Computer Numerical Control (CNC) Machine solutions.
Key Benefits to Stakeholders:
- This study offers a quantitative examination of Computer Numerical Control (CNC) Machine Market trends, estimations, and dynamics from 2023-2030 to identify potential opportunities in this space.
- Porter’s five forces study emphasizes the value of buyers and suppliers in helping stakeholders to make profitable business decisions while expanding their network.
- Undergoing in-depth analyses on market size and segmentation is vital in identifying current Computer Numerical Control (CNC) Machine Market opportunities.
- Each region’s largest countries are mapped according to their revenue contribution for an accurate picture of this global industry.
- The Computer Numerical Control (CNC) Machine Market research report offers a thorough examination of its major players. As such, purchasing this report provides many advantages to any organization looking to enter this competitive industry.
Reasons to Purchase Computer Numerical Control (CNC) Machine Market Report:
- Current and Future Prospects of Computer Numerical Control (CNC) Machine Market in both developed and emerging markets.
- Porter’s Five Force Analysis to help analyze various perspectives within this market. Major regions should experience rapid increases during this time.
- Uncover the most up-to-date industry developments, Computer Numerical Control (CNC) Machine Market shares, and top market players’ strategies.
Research Methodology:
To estimate and validate the size of the Computer Numerical Control (CNC) Machine Market as well as several of its dependent submarkets in its entirety, both top-down and bottom-up methodologies were used. Secondary research identified key players within the market while primary sources and verified primary sources provided an accurate picture of all percentage share breakdowns and splits within this global industry.
Table of Contents
- Table 1: Global CNC Machine Market, by Product Type, 2024-2030 (USD Million)
- Table 2: Global CNC Machine Market, by Application, 2024-2030 (USD Million)
- Table 3: Global CNC Machine Market, by End-User, 2024-2030 (USD Million)
- Table 4: Global CNC Machine Market, by Region, 2024-2030 (USD Million)
- Table 5: North America CNC Machine Market, by Product Type, 2024-2030 (USD Million)
- Table 6: North America CNC Machine Market, by Application, 2024-2030 (USD Million)
- Table 7: North America CNC Machine Market, by End-User, 2024-2030 (USD Million)
- Table 8: Europe CNC Machine Market, by Product Type, 2024-2030 (USD Million)
- Table 9: Europe CNC Machine Market, by Application, 2024-2030 (USD Million)
- Table 10: Europe CNC Machine Market, by End-User, 2024-2030 (USD Million)
- Table 11: Asia-Pacific CNC Machine Market, by Product Type, 2024-2030 (USD Million)
- Table 12: Asia-Pacific CNC Machine Market, by Application, 2024-2030 (USD Million)
- Table 13: Asia-Pacific CNC Machine Market, by End-User, 2024-2030 (USD Million)
- Table 14: Middle East & Africa CNC Machine Market, by Product Type, 2024-2030 (USD Million)
- Table 15: Middle East & Africa CNC Machine Market, by Application, 2024-2030 (USD Million)
- Table 16: Middle East & Africa CNC Machine Market, by End-User, 2024-2030 (USD Million)
- Table 17: South America CNC Machine Market, by Product Type, 2024-2030 (USD Million)
- Table 18: South America CNC Machine Market, by Application, 2024-2030 (USD Million)
- Table 19: South America CNC Machine Market, by End-User, 2024-2030 (USD Million)
- Table 20: Competitive Landscape of Key Players in the Global CNC Machine Market
- Table 21: Key Developments in the Global CNC Machine Market
- Table 22: Market Share Analysis of Key Players, 2024-2030
- Table 23: Global CNC Machine Market – Company Profiles of Major Players
Select PDF License
Single User: $2000
Multiple Users: $3000
Corporate Users: $4000
