CNC Cutting Machines Market Summary
As per MRFR Analysis, the global CNC Cutting Machines market was valued at USD 7,270.4 billion in 2023 and is projected to reach USD 11,671.4 billion by 2032, growing at a CAGR of 5.4% from 2024 to 2032. The automotive industry is a significant driver of this growth, with increasing demand for specialized CNC cutting machines tailored to specific manufacturing processes. However, a shortage of skilled labor is expected to restrain market growth. The movable gantry type CNC cutting machines dominate the market, accounting for approximately 62.20% of revenue in 2021, and are anticipated to exhibit the fastest growth. The metalworking segment is also projected to grow rapidly due to rising demand in automotive and electronics sectors.
Key Market Trends & Highlights
Key trends influencing the CNC Cutting Machines market include advancements in technology and increasing demand from various industries.
- Automotive segment expected to dominate market share throughout the forecast period.
- CNC router segment projected to be the fastest-growing product type from 2024 to 2032.
- Asia-Pacific region anticipated to grow at a CAGR of 5.6% from 2022 to 2030.
- Electronics segment expected to register a CAGR of 6.10% over the forecast period.
Market Size & Forecast
2023 Market Size: USD 7,270.4 Billion
2032 Market Size: USD 11,671.4 Billion
CAGR (2024-2032): 5.4%
Largest Regional Market Share in 2024: North America
Major Players
Key players include DMG MORI, HOMAG Group, Biesse Group, MultiCam Inc., and TRUMPF.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
CNC Cutting Machines Market Trends
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The rising demand for the automotive industry is driving market growth.
The automotive manufacturing sector is among the largest end-use industries for the CNC cutting machines market. Connectivity services, shared mobility, and feature upgrades are the driving forces behind the automotive industry. Automotive revenues have increased by about 30% because of the new business models in the sector. The demand for CNC cutting machines and cutting tools has increased substantially as a result of the significant growth in the revenue pool of the automotive industry. Production of automobiles will increase in response to rising demand, necessitating CNC cutting machines for the manufacturers. Additionally, new categories of specialized CNC cutting machines with very specific needs have been developed as a result of customers' evolving habit of using solutions that are specifically tailored for each distinct manufacturing process. As a result, during the forecast period, the growth of the automotive industry is anticipated to propel the growth of the global market.
A multi-billion dollar industry, semiconductor and electronics. Leading manufacturers benefit from a competitive advantage provided by CNC cutting machines. Utilizing portable CNC machines in the manufacturing process is a slightly complex process that needs a high level of finesse and expertise. Other CNC machines, such as CNC laser machines, are also used. The design must be created in a computer-generated CAD/CAM environment before being programmed into the CNC cutting machines.
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The need for skilled labor has grown significantly as a result of the rising demand for automotive and furniture applications.
But the widespread shortage of skilled labor has significantly slowed down the uptake of CNC-cutting machines. The industry has seen a significant increase in the wages and salaries of skilled workers because of the severely constrained talent pool. Therefore, it is anticipated that the lack of skilled labor will partially restrain the growth of the global CNC cutting machines market during the forecast period.
However, to cater to the demand there have been significant advances in the automotive industry. For instance, the demand for CNC Cutting Machines in the automotive industry is likely to boost the growth of the market and drive the growth of the CNC Cutting Machines market revenue.
CNC Cutting Machines Market Segment Insights
CNC Cutting Machines Type Insights
The global CNC Cutting Machines market segmentation, based on type, includes movable gantry type, and stationary gantry type. The movable gantry type CNC Cutting Machines segment held the majority share in 2021 contributing to around ~62.20% with respect to the global CNC Cutting Machines market revenue. The growing demand for automotive products is driving the demand for the CNC Cutting Machines market across the globe.
Figure 2: Global CNC Cutting Machines Market, by Type, 2021 & 2030
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Additionally, in comparison to a stationary gantry, the movable gantry type is more useful for various end-use industries. the movable gantry type is expected to exhibit the fastest growth during the projected period.
February 2022: DMG MORI launched its ultra-high precision integrated mill turn center “NTX 2500, 3000 2nd Generation” with a new specification of the distance between centers 3,000 versions.
April 2019: HOMAG Group launched a new CNC all-rounder CENTATEQ P-210 series, which offers the option to control the machine directly from the machine body. It can be equipped with up to 24 tool changes and slots, a maximum of 21 verticals, and ten horizontal drilling spindles with a patented spindle clamp. The mobile terminal features the new powerTouch 2 user interfaces with a PC87 machine control unit.
CNC Cutting Machines Product Insights
The global CNC Cutting Machines market segmentation, based on product, includes plasma, laser, waterjet, router. The router segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2024-2032. The CNC router is widely used in a variety of business sectors, including foam packaging, cabinetry, general woodworking, sign making, graphics & print finishing, aluminum and metal cladding, and sign making. The proliferation of manufacturing companies, the accessibility of low-cost raw materials, and the low cost of labor are all factors that have contributed to the market growth.
CNC Cutting Machines Application Insights
The global CNC Cutting Machines market data has been bifurcated by application into wood working, stone working, metal working, others. The metal working segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The rise in purchasing power of the masses has significantly increased the demand for automobiles and electronic products. This increase in demand further boosts the use of the metal-cutting machine manufacturing industry.
January 2023: TRUMPF released a new multimode VCSEL with stable polarization to support the increasing demand for advanced VCSEL sources. The VCSEL technology is becoming smarter and the illumination quality is improving by incorporating additional functionalities like linear polarization. This approval has further broadened the growth opportunity for the CNC Cutting Machines industry.
CNC Cutting Machines End Users Insights
Based on end users, the global CNC Cutting Machines industry has been segmented into automotive, building & construction, consumer, electronics, aerospace & defense, medical, energy & power, furniture, transportation, and others. The automotive segment dominates the market and is expected to retain its dominance throughout the projected period. Due to the growing demand for quicker production of highly efficient parts in the automotive industry, this market segment currently accounts for a sizeable portion of the market. A car's combustion engine, suspension parts, lighting, exhaust parts, fluid system components, bushings, and valve retainers can all be produced by these machines.
The second fastest-growing segment in the CNC Cutting Machines industry is electronics. The electronics segment is expected is to register a CAGR of 6.10% over the forecast period.
CNC Cutting Machines Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America comprises potential economies such as the US, Canada, and Mexico. The CNC Cutting Machines market across the region is witnessing remarkable growth owing to a significant product demand from various end-use industries, such as automotive, electronics, aerospace, building and construction, and others. Increased demand in common applications such as grinding, turning, shaping, drilling, and sawing results in widespread product penetration. This is expected to contribute to the growth of the CNC machine tool market. Furthermore, the growing demand for electrochemical machining has resulted in an increase in the metal-cutting tool segment. The increased demand can be attributed to the numerous benefits of electrochemical machining and electrochemical micromachining for improved surface integrity in a variety of applications such as stress-free drilled holes in the automotive sector and complex shapes in the aerospace industry.
Further, the major countries studied are US., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: GLOBAL CNC CUTTING MACHINES MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe CNC Cutting Machines market accounts for the second-largest market share due to is driven by the rising demand for mass production in the aerospace and defense industry, along with growing demand from the industrial verticals. The industry is supported by technological advancements in automation, which have aided manufacturers by reducing machine time. Further, the Germany CNC Cutting Machines market held the largest market share, and the UK CNC Cutting Machines market was the fastest-growing market in the European region.
The Asia-Pacific CNC Cutting Machines Market is expected to grow at a CAGR of 5.6 % from 2022 to 2030. During the forecast period, which will end in 2030, the region is also expected to be the fastest-growing market. The APAC region is experiencing rapid growth as a result of ongoing research and development activities and advancements in automotive and electronics, followed by others such as electronics, automotive, and other industries. the market for metal-cutting machines is projected to see significant growth due to accelerated industrialization and the development of manufacturing sectors in emerging countries such as India and China. Moreover, China CNC Cutting Machines market held the largest market share, and the India CNC Cutting Machines market was the fastest-growing market in the Asia-Pacific region, due to increase the demand for the automotive industry in these countries.
CNC Cutting Machines Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the CNC Cutting Machines market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the CNC Cutting Machines industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global CNC Cutting Machines industry to benefit clients and expand the CNC Cutting Machines market sector is to manufacture locally to reduce operating costs. In recent years, CNC Cutting Machines have provided medicine with some of the most significant benefits.
DMG MORI is one of Germany's largest manufacturers of cutting machine tools and a manufacturer of CNC-controlled Lathes and Milling machines. In February 2022, DMG MORI launched its ultra-high precision integrated mill turn center “NTX 2500, 3000 2nd Generation” with a new specification of the distance between centers 3,000 versions.
Also, HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. In April 2019, HOMAG Group launched a new CNC all-rounder CENTATEQ P-210 series, which offers the option to control the machine directly from the machine body. It can be equipped with up to 24 tool changes and slots, a maximum of 21 verticals, and ten horizontal drilling spindles with a patented spindle clamp. The mobile terminal features the new powerTouch 2 user interfaces with a PC87 machine control unit.
Key Companies in the CNC Cutting Machines market include
CNC Cutting Machines Industry Developments
August 2021: MES Inc. announced the acquisition of Versatech, LLC, which operates as a prominent manufacturer of CNC machine solutions. This acquisition will help MES Inc. achieve greater prominence in the last-mile manufacturing industry.
September 2021: Kongsberg Precision Cutting System has finalized its decision to make a strategic acquisition of MultiCam, which operates as a developer and distributor of CNC cutting machines. The acquisition will help Kongsberg Precision to increase its customer base across the US, Canada, and Germany.
CNC Cutting Machines Market Segmentation
CNC Cutting Machines Type Outlook
CNC Cutting Machines Product Outlook
CNC Cutting Machines Application Outlook
CNC Cutting Machines End Users Outlook
CNC Cutting Machines Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 7,270.4 billion |
| Market Size 2024 |
USD 7,663.0 billion |
| Market Size 2032 |
USD 11,671.4 billion |
| Compound Annual Growth Rate (CAGR) |
5.4%(2024-2032) |
| Base Year |
2023 |
| Forecast Period |
2024-2032 |
| Historical Data |
2018 & 2022 |
| Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Product, Application, End-User, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered |
The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Biesse Group, HOMAG Group, Anderson Group, MES Inc., MultiCam Inc., Thermwood Corporation, The Shoda Company, ShopSabre, AXYZ Automation Group, DMG MORI, KOMO Machine, Inc., TRUMPF, ESAB, Prima Power |
| Key Market Opportunities |
Automation in emerging economies |
| Key Market Dynamics |
The rising demand for the automotive industry is driving market growth |
CNC Cutting Machines Market Highlights:
Frequently Asked Questions (FAQ) :
The USD 7,270.4 billion in 2023. The CNC Cutting Machines market industry is projected to grow from USD 7,663.0 Billion in 2023 to USD 11,671.4 billion by 2032
The Global CNC Cutting Machines Market is studied from 2024 to 2032 .
The growth rate of the CNC Cutting Machines market is 5.4% during the forecast period (2024 - 2032).
Asia-Pacific region held the largest market share in the CNC Cutting Machines market.
Biesse Group, HOMAG Group, Anderson Group, MES Inc., MultiCam Inc., Thermwood Corporation, The Shoda Company, ShopSabre, AXYZ Automation Group, DMG MORI, KOMO Machine, Inc., TRUMPF, ESAB, Prima Power.
Movable Gantry Type type led the CNC Cutting Machines market.
Automotive application segment had the largest market share in the CNC Cutting Machines market.
