CNC Router Market Highly Influenced by COVID-19 Pandemic :

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global CNC Router Market.

Market Overview

The CNC router market is set to grow at a CAGR of 6.14% during the forecast period 2019 to 2025. As per the market research report, the market will witness growth in terms of valuation by the end of 2025. The market growth will be driven by the rise in furniture production. Based on the research report, the growing automation in emerging economies will accelerate growth in the market till 2025. Although the  lack of skilled laborers will have a negative impact on the global CNC router market’s growth during this period. Shrinking training budgets is predicted to be a key challenge which could become a strong threat from 2019 to 2025 to companies. The market report published by expert analysts includes primary and secondary data and suggests that type, applications, product, and end-users segments are anticipated to witness tremendous growth till 2025. Factors such as the huge demand for wood construction will become key growth drivers during the forecast period and the growing adoption of automation in emerging economies is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the growing need for training and investments which could negatively affect activities taking place across the market. The shortage of skilled professionals is another challenge the market could face till 2025.

Market Segmentation

The CNC router market is segregated into different market segments based on type, applications, product, and end-users. For a comprehensive analysis of the market, the type, applications, product, and end-users segments are further split into smaller segments. The type segment is categorized into cross-feed unit type, movable gantry type, and stationary gantry type. Furthermore, based on applications, the global market is also segmented into metal working, stone working, wood working, and others. Based on the market segmentation analysis, the report covers market forecasts. On the basis of product, the global market is split into sub segments including plasma, laser, water jet and metal tools. The end-users segment is categorized into construction, industrial, automotive, and others. 

Huge need for saving on outsourcing will support the market growth from 2019 to 2025. As per the market research report, the global market for CNC routers is anticipated to grow at a healthy rate across all the type, applications, product, and end-users segments. However, the presence of active threats such as the demand for highly skilled professionals could hamper the market growth. Business activities across CNC routers have also been examined and studied by CNC router industry’s experienced analysts. The CNC router market research report covers findings with predictions and forecasts till 2025.

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Regional Overview

The CNC router market, with its product and service related segments, is spread across the world. CNC router based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Instruction on routing parameters is anticipated to be a major factor for growth across the CNC router space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The CNC router sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. CNC router based businesses in these regional markets are anticipated to grow due to companies increasingly relying on CNC machines during the forecast period 2019 to 2025. Although the  market’s growth could be affected by the lack of awareness. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

CNC router based organizations are profiled in the market research report. The CNC router market along with companies and segments has been studied. The analysis of CNC router based business is also done to identify key challenges and strengths of these companies. The global CNC router market research report covers SWOT analysis, Porter’s Five Force analysis of major CNC router related organizations. The strategy and other key details of these companies for the forecast period 2019 to 2025 are covered in the report. Initiative regarding the training of professionals is anticipated to support the market growth as the market is set to grow at a CAGR of 6.14% and reach a significant value by 2025.

Industry News

Gerber Technology, headquartered in New York, will be acquired by Lectra in a transaction worth approximately $361.4 million (€300 million). For the upholstered furniture and other markets, Lectra specialises in CAD/CAM applications and cutting technology. Gerber Technology also offers advanced applications and automatic technology to furniture and other industries all around the world, including CNC routers. Revenues for 2020 are expected to be around $198.8 million (€165 million). The purchase, according to Lectra, improves its market share and enables it to continue to boost its Industry 4.0 offerings.