Pune, India, March, 2019/MRFR Press Release/- Market Research Future published a half-cooked research report on global CNC polishing machines market. The global CNC polishing machines market is expected to grow with a CAGR of around 5.8% during 2018–2023.
The global CNC polishing machines market is anticipated to witness sustainable growth during the forecast period. Increasing investments in the automotive, food processing, and packaging industries and the presence of key market players are some of the factors driving the demand for CNC polishing machines, across the globe. For instance, automotive companies require many CNC polishing machine equipment for manufacturing various components. Hence, the automotive industry is heavily focusing on automation to increase the rate of production and decrease the chances of human errors. Automotive CNC polishing machines have changed the face of the automobile industry, permitting several identical parts for bulk production, polishing, grinding, and satin finish treatment with the highest degree of process accuracy. Hence, the significant growth of the automotive industry is expected to propel the CNC polishing machines during the forecast period.
Asia-Pacific is anticipated to witness maximum growth in the CNC polishing machines market during the forecast period
Geographically, the global CNC polishing machines market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominated the global CNC polishing machines market, followed by North America and Europe, primarily due to the tremendous growth of the electronics and automotive industry in the developing nations such as India, China, and South Korea. The region is home to many major manufacturing industries, such as machine tools, automotive, electronics, and consumer products. Hence, the Asia-Pacific is expected to exhibit the highest CAGR of around 6% and retain its leading position in the market in the forecast period. China is one of the key countries in this region, where the government supports and encourages the development of both, industrial and construction industries. Moreover, many major manufacturers, across the globe, are shifting their manufacturing base in to country, mainly due to the availability of ample raw material and the low costs of establishing new manufacturing plants. These factors provide further growth opportunities for manufacturers.
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The metal segment is expected to witness the maximum growth rate in the global CNC polishing machines market during the forecast period.
In terms of application, the metal segment is anticipated to exhibit tremendous growth in the next few years. This is attributed to the widespread application of metal products surface treatment, CNC programming system, automatic rail, multi-axis linkage, and other types of configurations. These are advanced versions of CNC polishing machines, which provide infinite possibilities with regards to the part sizes and shapes with high-speed spindles, which enable these machines to process toolpath data faster, reduce cycle times, increase accuracy, provide a high-quality finish. Additionally, these machines are highly efficient compared to other conventional polishing machines and thus, are widely used in the manufacturing industry.
Global CNC Polishing Machines Market, 2016–2023 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global CNC polishing machines market, tracking two market segments across four geographic regions. The report studies key players and provides a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world (ROW). The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global CNC polishing machines market by type, application, and region.
The prominent players in the global CNC polishing machines market are GARBOLI, NS Maquinas Industiais, Lapmaster Wolters GmbH, Langzauner, EchoLAB, AUTOPULIT, OptoTech, Scantool Group, Surface Engineering, Tamis Machinery.