Pune, India, July 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global CNC Machine Market.
Global CNC Machine Market size is anticipated to register a 5% CAGR between 2022 and 2030 and 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.
Global CNC Machine Market, 2020–2026
In 2019, Asia Pacific contributed significantly to the CNC machine market in terms of share: MRFR
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.
The global CNC machine market 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.
Global CNC Machine Market size is anticipated to register a 5% CAGR between 2022 and 2030 and reach an approximate value of USD 90 Billion in 2026.
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Scope of the Report
This report provides an in-depth analysis of the global CNC machine market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global CNC machine market by type, end-user, and region.
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).