ID: MRFR/IA - E/6102-HCR | February 2021 | Region: Global | 100 pages
The CNC polishing machines market has seen a huge development in the past couple of years, attributable to different variables, for example, the developing interest from significant end-use areas and the time-adequacy, high accuracy, and quality conveyed by the polishing machines.
These machines are broadly utilized for giving a cleaned finish to arced items, unique moulded pieces, round items, and oval items. These machines are liked over manual polishing machines and programmed polishing machines by the polishing hardware producers.
The worldwide market has encountered a few radical changes over the most recent couple of years in both specialized and authoritative points of view. Car, aviation, development, gadgets, and power age are the essential end clients of CNC polishing machines.
These machines' high level and actual assembling and machining cycles use exceptionally progressed methods to diminish machining margin time. These procedures use unrefined components and diminish natural substance wastage, which is projected to energize everyday tasks and boost benefits for end clients around the world.
Central participants working in the worldwide CNC polishing machines market incorporate GARBOLI, NS Máquinas Industriais, Lapmaster Wolters GmbH, Langzauner, EchoLAB, AUTOPULIT, OptoTech, Scantool Group, Surface Engineering, and Tamis Machinery.
These key parts have taken on different procedures to grow their worldwide presence and increment their traction in the global market for CNC polishing machines. A portion of their key techniques incorporate extensions, ventures, acquisitions, and getting contracts. The worldwide market is exceptionally serious, with numerous players, across the globe.
Furthermore, these machines are more exact than manual polishing machines and repeatedly capacity in a similar way. These cleaning machines diminish the hole in plan and creation, urging end clients to utilize CNC polishing machines to increase efficiency. Besides, these machines bring precision and accelerate producing exercises, which isn't effectively achievable by physical work. With the assistance of these machines, complex shapes can be cleaned with high exactness and artfulness.
Key players operating in the global CNC polishing machines market include GARBOLI, NS Maquinas Industiais, Lapmaster Wolters GmbH, Langzauner, EchoLAB, AUTOPULIT, OptoTech, Scantool Group, Surface Engineering, and Tamis Machinery.
These major players have adopted various strategies to expand their global presence and increase their foothold in the global market of CNC polishing machine. Some of their key strategies include expansions, investments, acquisitions, and securing contracts. The global market is highly competitive with many players, across the globe.
Additionally, these machines are more precise than manual polishing machines, and function in the same manner repeatedly. These polishing machines effectively reduce the gap between design and production, which encourages end users to use CNC polishing machines to increase productivity. Moreover, these machines bring accuracy and speed up manufacturing activities, which is not easily attainable by manual labor. With the help of these machines, complex shapes can be polished with high accuracy and finesse.
However, the high cost of these machines could hinder the overall market’s growth as CNC polishing machines a lot more expensive than manually-operated polishing machines. They also require highly trained and skilled operators.
Global CNC polishing machines market has been segmented based on type, application, and region. The type segment is classified into– pneumatic polishing machine and electric polishing machine. The application segment is classified into– wood, metal, plastic, and glass.
On the basis of type, the pneumatic polishing machine segment emerged as the largest segment, which is anticipated to witness a significant growth rate, as these machines are cost-effective and provide low maintenance costs. These features make these machines the dominating segment in the global market.
On the basis of application, the market is segmented into wood, metal, plastic, and glass. In 2017, the metal segment accounted for the largest market share, which is expected to retain its position till 2023. This is attributed to the rapid development and expansion of the automotive and electronics industry mainly in emerging countries, such as China and India.
Geographically, the CNC polishing machines market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). In 2017, Asia-Pacific accounted for the largest market share of around 40%, followed by North America and Europe; it is anticipated to retain its position till 2023. Also, the region is the fastest growing region in the global market, owing to the robust growth of the construction and manufacturing sectors in emerging countries, such as China, India, and South Korea. This is further expected to increase the demand for CNC polishing machines in the coming years.
|Market Size||2030 : USD 6,120.3 million|
|CAGR||2030: CAGR 4.80%|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||GARBOLI, NS Maquinas Industiais, Lapmaster Wolters GmbH, Langzauner, EchoLAB, AUTOPULIT, OptoTech, Scantool Group, Surface Engineering, and Tamis Machinery|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
CNC polishing machines are used in automotive, aerospace, and construction industries to polish, grind, and deburr different parts from these sectors.
The increasing constructional activities and a surge in the automobile industry in the APAC region can impact the worldwide market of CNC polishing machine.
CNC polishing machines have large scale industrial usage. They are used for polishing, burnishing, and scotching of stainless steel sinks surface, aluminum roof rails, and wood trim parts.
Electric polishing machine and pneumatic polishing machine are two types of CNC polishing machines. The high demand for pneumatic polishing machine can catalyse the global CNC polishing market growth.
The need to provide effective solutions for difficult industrial infrastructure is driving the need to for diversification of products. This is intensifying the competition among market players, which is expected to positively impact CNC polishing machine market.