CNC metal cutting machine tools market will expand at a compound annual growth rate of 6.2% between 2022-2030.
The global market is expected to gain considerable growth in the upcoming years. The increase is attributed to its use in various end-user industries. Also, the companies have been looking for a seamless electronic industry, and the tools make it easier for them. They are not directly used in the electronic industry. Still, the fact that the intermediate products used in the industry are cut with the help of these tools plays a vital factor in the global Market Share.
Therefore, the CNC Metal Cutting Machine Tools Industry will witness significant growth in the upcoming forecast period. A CNC cutting machine program is software that takes care of the movements of the machine tools in the factories. This helps him ensure that the angles are correct for cutting the metals. It also needs to be understood that the cutting of metals is a highly complex process and requires expertise. Therefore, the use of metal cutting machines is safe and makes the procedure more accessible and efficient.
While every business worldwide has been affected since the onset of the pandemic, the CNC Metal Cutting Machine Tools market Trends have also been significantly affected. The fact that the markets where these machines are used have been affected considerably due to lockdown, the demand and thus the production has mainly reduced. With the decreased production, the requirement for CNC metal cutting machines has remarkably reduced too.
The reports provided to the companies have a detailed analysis of the CNC Metal Cutting Machine Tools industry Value, taking into consideration the pre and post COVID situation of the market. The current market scenario, the qualitative and quantitative aspects of the market, and the market Revenue have all been discussed in the report regarding the effect of the pandemic.
The major players in the CNC metal cutting machine market are as follows:
DMG MORI CO., LTD, AMADA MACHINE TOOLS CO., LTD., FANUC CORPORATION, KG, Komatsu Ltd, JTEKT CORPORATION, EMAG GmbH & Co, Dalian Machine Tool Group Corporation, Haas Automation, Inc, Yamazaki Mazak Corporation, Makino Milling Machine Co.Ltd and Hurco Companies, Inc., Okuma Corporation
All these significant players in the market have been focussing on bringing the latest innovation to the market. Collaborations, acquisitions, and mergers have been getting tremendous CNC Metal Cutting Machine Tools market Growth. All these major players have been implementing well-planned strategies and plans, enabling them to stand apart from the other companies in the market.
CNC Metal Cutting Machine Tools Market Growth
The CNC metal cutting machine market is estimated to register a CAGR of 6.0% during the forecast period from 2019-2026. This is indeed a pretty fair and sustainable market Growth. The market value of the market is estimated to rise from 69,960.0 million USD in 2018 to 119,501.0 million USD by the end of 2026.
CNC Metal Cutting Machine Tools Market Drivers
The global metal cutting machine market has been expanding at a continuous pace during the present times. These cutting tools are widely used in the defense and aerospace sector that plays a vital role in the market Outlook. Also, the defense industry is counted among the most sought-after industries, giving the market an even more required push towards growth. The machines are also used in the shipbuilding industry, which also helps in the Value growth due to the increasing demand of the shipbuilding industries.
CNC Metal Cutting Machine Tools Market Restraints
The industry set for the machine cutting tools requires enormous investment, which acts as a restraint in the market's growth because the high cost involved attracts very few investors. Also, the prices of the raw materials keep on fluctuating that also tends to hamper the growth.
CNC Metal Cutting Machine Tools Market Regulatory implications
The rules and regulations imposed on the market might not directly affect the market's growth, but limitations on the needs are now concerned with, do for sure. With the strict rule, the vehicles industry, which has a broad impact on the market Trends, includes stringent laws to prevent air pollution. Many such end-user industries do have strict rules that indirectly affect the working of the Market Size to a great extent.
The CNC metal cutting machine market can be segmented as follows:
Based on the product type
Based on the automation type
Based on the industry segments
Based on the sales channels
The global CNC metal cutting machine market is divided into the following segments based on the regions:
The region that dominates the market is the Asia Pacific, with the highest share in the market. The growth in the area is attributed to the increased metal cutting plants across the region. Also, most of the industry's significant players are located in the Asia Pacific region, dominating the CNC Metal Cutting Machine Tools Market Share. The fact that China is the leading consumer of machine tools makes the area even more potent. The region is also experiencing substantial growth in the oil and gas, automotive, and railways in the region, subsequently bringing change in the global Market Size.
North America and Europe are also expecting a high rate of growth during the upcoming forecast period.
The report prepared exclusively for the market by the industry experts tends to guide the companies at every step. Starting with the overview of the CNC Cutting Machines market Revenue and the COVID-19 analysis, the report also has the market dynamics explained in detail, including growth, drivers, and restraints on the market. The regulatory implications and the segmentation of the market based on various factors, including regions, have also been made a part of the report. The major players of the market and the strategies they have been implementing have also been included in the report. Recent developments in technology and other market updates have also been added to make it as perfect as possible.
|Market Size||2030: Significant Value|
|CAGR||6.2% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DMG MORI CO., LTD, FANUC CORPORATION, JTEKT CORPORATION, Dalian Machine Tool Group Corporation, Yamazaki Mazak Corporation, Hurco Companies, Inc., Okuma Corporation, Makino Milling Machine Co., Ltd., Haas Automation, Inc., EMAG GmbH & Co. KG, Komatsu Ltd., and AMADA MACHINE TOOLS CO., LTD|
|Key Market Opportunities||
|Key Market Drivers||
The CNC metal cutting machine tools global market is expected to record a substantial market valuation by 2027.
The CNC metal cutting machine tools global market is projected to register a moderate 6.7% CAGR in the forecast period.
Growing industrial projects and a rapid rise of end-use industries in emerging economies are driving the growth of the market.
the growing skilled labor and technical limitations are likely to hamper the growth of the CNC metal cutting machine tools market over the review period.
The vertical machine center segment is slated to expand as the fastest-growing segment.
The automotive segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global CNC metal cutting machine tools market are Okuma Corporation, DMG MORI CO., LTD, FANUC CORPORATION, among others.
Global CNC Metal Cutting Machine Tools Market- Competitive Landscape
Market Research Future includes following key players for global CNC Metal Cutting Machine Tools market research study: FANUC CORPORATION (Japan), DMG MORI CO., LTD. (Japan), Okuma Corporation (Japan), JTEKT Corporation (Japan), Komatsu Ltd., (Japan), Hurco Companies, Inc., (US), EMAG GmbH & Co. KG (Germany), Haas Automation, Inc. (US), AMADA MACHINE TOOLS CO., LTD., (Japan), Yamazaki Mazak Corporation (Japan), Dalian Machine Tool Group Corporation (China), and Makino Milling Machine Co., Ltd. (Japan).
The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the Market are DMG MORI CO., LTD. (Japan), Okuma Corporation (Japan), JTEKT Corporation (Japan) and Makino Milling Machine Co., Ltd. (Japan), are among others.
According to MRFR analysis, DMG MORI CO., LTD. is currently leading the global CNC Metal Cutting Machine Tools market with 4.8% market share. DMG MORI CO., LTD. is a global provider of turning centers, machining centers, 5-axis/multi-axis machines, and as well as handling, shaping, measuring, and monitoring cycles with lasertec and ultrasonic machines. The company has 14 production facilities and caters to customers in 42 different industries in 79 countries worldwide. It focuses on the development of elementary technologies to improve reliability (durability), cutting performance, accuracy, and energy efficiency of our machine tools.
Makino Milling Machine Co., Ltd. is the second largest company offering CNC Metal Cutting Machine Tools with 3.1% of the total market share. Makino Milling Machine Co., Ltd. is one of the leading companies in the segment of milling machines and machining centers. The company has a wide business portfolio including manufacture, sales, and export of products relevant to machine tools industry. The company has state of the art machine tools and machining technology, which are used in many industries. Makino has presence in North America, Asia-Pacific, and Europe. Makino Milling Machine Co. Ltd. is a leading manufacturer of milling machines and strategizes to offer superior machine tools along with easy and efficient operations access, which helps its customers increase its competitiveness.
Okuma Corporation is the third largest company offering CNC Metal Cutting Machine Tools with 2.9% of the total market share. Okuma Corporation manufacturers Multitasking Machines, 5-Axis Vertical Machining Centres, 5-Axis Horizontal Machining Centre, Super Multitasking Machines, Double-Column Multitasking Machines, CNC Lathes, Machining Centres, Double-Column Machining Centres, CNC Cylindrical Grinders, and CNC Internal Grinders with high accuracy and precision. Besides being in Japan, the production units of the company are majorly located in some other Asia-Pacific countries such as India, and China, and Europe, and North America. It focuses on market penetration and development by strengthening product portfolio and its capabilities. It has been investing in product development activities to develop machines with high speed, high precision and increased functionality centered on the 5-axis machining centres and multitasking machines.
JTEKT Corporation (Japan) holds the fourth largest market share of the market with 3.1%. JTEKT Corporation is a result of a merger between TOYODA and Koyo Seiko Co. It is a leader in the machine tools and system industry due to its prominent products at competitive prices. It operates through four business segments, which are steering, driveline, bearing, and machine tools & mechatronics. The company has its presence in all the regions such as Asia-Pacific, North America, and Europe. It is focused on continuous building of value, excellent products and professionals, and by improving sales to R&D ratio. The company plans to expand its business in the new verticals such as power assist suits and increase potential from the existing businesses.