CNC Router Market Overview:
The global CNC Router Market Size was valued at USD 706.6 billion in 2023. The CNC Router market industry is projected to grow from USD 735.5 Billion in 2024 to USD 1,012.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.1% during the forecast period (2024 - 2032). Increased growth Of the Automotive Industry and rise In Furniture Productionare the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
CNC Router Market Trends
The increased production of furniture is driving the market growth
A notable shift in consumer preferences towards high-quality furniture, especially luxury furniture, is expected to drive the demand for CNC routers. Among various end-use industries, the furniture industry ranks as the second-largest consumer of CNC routers, trailing only the automotive industry. CNC wood routers, specifically designed for carving wooden objects, play a crucial role in furniture manufacturing. Computer systems control these routers and use the Cartesian coordinate system, utilizing the X, Y, and Z axes for precise 3D motion control. By leveraging CNC routers, furniture manufacturers can achieve intricate designs and precise cuts on wooden surfaces, enhancing their products' overall quality and aesthetics. This increasing adoption of CNC routers in the furniture industry underscores their importance and contribution to the market's growth.
The growing demand for bespoke furniture portraying grandeur and luxury, increasing spending capacity of consumers, and global boom in housing and office construction activity will positively boost the furniture market, which will assist in adopting CNC routers. Conventional CNC operating systems can make carvings on flat planes and surfaces. The machine is mounted on a track and can efficiently cut and design quadrilateral surfaces. Parts of a furniture project can be designed on a computer with a CAD/CAM program, followed by automatic cutting using a router or other cutters to produce a finished part. The versatility of CNC routers allows users to interchange routers based on specific applications. They could use a lower-grade router for lighter, strained cuts but for more intensive applications. Thus, the increase in furniture production is expected to drive the global CNC routers market CAGR growth during the forecast period.
Additionally,the increasing adoption of automation technologies in emerging economies, including India, Brazil, Mexico, Vietnam, and Cambodia, will present new growth opportunities for CNC router manufacturers. Industrial design companies increasingly rely on CNC machines to manufacture modular kitchens, furniture, educational & play equipment, and POS units. For instance, D.T. Solutions has procured the necessary CNC equipment to cater to the increasing production demand. Moreover, there has been an increased focus on training professionals to operate CNC software and limit interruptions in production. Thus, the rapid automation in emerging economies is expected to present lucrative growth opportunities for the global CNC routers market players.Thus, driving the CNC Router market revenue.
CNC Router Market Segment Insights:
CNC Router Type Insights
The global CNC Router market segmentation, based on type, includes stationary gantry type, movable gantry type, and cross-feed unit type. The dominance of the movable gantry type segment in the CNC router market can be attributed to its versatility and flexibility in handling a wide range of materials in size and shape. This attribute makes it highly suitable for diverse applications across industries such as woodworking, metal fabrication, and signage.The movable gantry-type routers offer scalability options, allowing businesses to expand their production capacity when needed. They can accommodate larger workpieces and adapt to evolving manufacturing requirements, making them suitable for both small-scale operations and large industrial facilities. This flexibility and scalability contribute to their popularity and market dominance in the CNC router industry.
CNC Router Product Insights
Based on product, the global CNC Router market segmentation includes plasma, laser, water Jet, and metal tools. The metal tool segment dominated the market,metalworking industries, such as aerospace, automotive, and fabrication, require CNC routers specifically designed to work with various types of metals. These routers are equipped with specialized tools and cutting mechanisms that can effectively handle the unique characteristics of metal materials, including their hardness and durability.Furthermore, the growing demand for metal components across industries and the need for high-quality, precise machining drive the dominance of the Metal Tool segment in the CNC Router market. Manufacturers in the metalworking sector rely on these routers to streamline production processes, improve efficiency, and achieve superior results.
Figure1: Global CNC Router Market, by Product, 2023 & 2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
CNC Router Application Insights
The global CNC Router market segmentation, based on application, includes wood working, stone working, metal working, and others. The wood working segment dominated the market;woodworking is a widespread and diverse industry encompassing various applications, such as furniture manufacturing, cabinetry, signage, and artistic woodwork. CNC routers designed specifically for woodworking offer specialized features and tools that cater to the specific needs of this industry. Furthermore, the demand for customized and intricate woodwork has increased, driven by interior design trends, architectural applications, and personalized products. CNC routers in the Wood Working segment enable precise replication of designs, intricate detailing, and complex cuts, making them indispensable tools for woodworkers.
CNC Router End-Use Industry Insights
The global CNC Router market segmentation, based on end-use industry, includes automotive, construction, industrial and others. The construction segment dominated the market; the construction industry is one of the largest consumers of CNC routers, utilizing them for various applications such as cutting, shaping, and engraving construction materials like wood, plastic, and composites. CNC routers provide precise and efficient machining capabilities, enabling the construction industry to produce accurate components and structures.Furthermore, advancements in CNC router technology, including improved spindle power, faster cutting speeds, and enhanced software capabilities, have further boosted the dominance of the Construction segment.
CNC Router Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific CNC Router Market area will dominate this market, owing to the Region being home to the largest manufacturing industry for machine tools, automotive, electronics, and consumer products will boost the market growth in this Region. Moreover, China’s CNC Router market held the largest market share, and the Indian CNC Router market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBAL CNC ROUTER MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's CNC Router market accounts for the second-largest market share due tothe growing adoption of advanced technology and import and export activities in the Region. Further, the German CNC Router market held the largest market share, and the UK CNC Router market was the fastest-growing market in the European Region.
The North American CNC router marketis expected to grow at the fastest CAGR from 2023 to 2032. This is because the Region is a hub for the automotive industry due to the presence of leading manufacturers and Increasing expenditure on research.
CNC Router Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the CNC Router market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The CNC Router industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global CNC Router industry to benefit clients and increase the market sector. The CNC Router industry has offered some of the most significant advantages in recent years. Major players in the CNC Router market, includingProminent players in the Global CNC Router Market, include Biesse Group (Italy), HOMAG Group (Germany), Anderson Group (Taiwan), Exel CNC Ltd (U.K.), MultiCam Inc. (U.S.), Thermwood Corporation (Dale), The Shoda Company (Japan), ShopSabre (U.S.), AXYZ Automation Group (Canada), Carbide 3D LLC (U.S.), and Komo Machine, Inc. (U.S.)., and others, are attempting to increase market demand by investing in research and development operations.
Thermwood Corporation, established in 1969 in Dale, Indiana, initially focused on manufacturing wood-grained parts for the furniture industry.Over the years, the company has expanded its capabilities and recently made a significant breakthrough by successfully printing a 12-foot-long 3D tool for Boeing. This milestone project demonstrates the potential of additive manufacturing in achieving production-quality components for the aerospace industry. Thermwood Corporation's achievement highlights its commitment to advancing the capabilities of additive manufacturing and its potential applications in various industries.
MultiCam serves many industries and businesses, leading to the production and installation of over 14,500 machines globally.Known as one of the world’s leading suppliers of CNC machinery, MultiCam is a USA based and built CNC manufacturer headquartered in North Texas. MultiCam’s product portfolio includes CNC Routers, Laser, Plasma, WaterJet, and Digital Cutter machines. MultiCam Corporate acquires its long-term distribution partner MultiCam Mountain West. MultiCam Mountain West has established a strong reputation for supplying a full line of MultiCam CNC machines, services, and support in the Mountain West region of the U.S.> This has helped the company to expand its business and serve into additional nine states: C.O., UT, NM, ID, MT, ND, SD, NE and W.Y.
Key CompaniesIn The CNC Router Market Include
- Anderson Group (Taiwan)
- MultiCam Inc. (U.S.)
- The Shoda Company (Japan)
- Exel CNC Ltd (U.K.)
- Carbide 3D LLC (U.S.)
- Biesse Group (Italy)
- Thermwood Corporation (U.S.)
- HOMAG Group (Germany)
- ShopSabre (U.S.)
- Komo Machine (U.S.)
CNC Router Industry Developments
May 2022: Ali Mohamed, the Managing Director of London Pro-filter, has implemented an innovative approach by retrofitting three Homag woodworking machines. This strategic move enables the company to manufacture a wide range of products, including kitchen, cabinetry, bedroom, and fitted wardrobes. By leveraging the modified woodworking machines, London Pro-filter can enhance its production capabilities and meet the diverse needs of its customers.
April 2022:Thermwood Corporation has recently achieved a remarkable feat by 3D printing a massive 12-foot-long tool for Boeing. This project serves as a significant demonstration of the capabilities of additive manufacturing in producing high-quality tools for the aerospace industry. Through this initiative, Thermwood aims to showcase the potential of additive manufacturing technology and its ability to meet the rigorous demands of the aerospace sector. This achievement highlights Thermwood's commitment to pushing the boundaries of innovation and delivering cutting-edge solutions to industry leaders like Boeing.
CNC Router Market Segmentation:
CNC Router Type Outlook
- Stationary Gantry Type
- Movable Gantry Type
- Cross-feed Unit Type
CNC Router Product Outlook
- Plasma
- Laser
- Water Jet
- Metal Tool
CNC Router Application Outlook
- Wood Working
- Stone Working
- Metal Working
- Others
CNC Router End-Use Industry Outlook
- Automotive
- Construction
- Industrial
- Others
CNC Router Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
| Report Attribute/Metric |
Details |
| Market Size2023 |
USD 706.6 billion |
| Market Size 2024 |
USD 735.5 billion |
| Market Size2032 |
USD 1,012.5 billion |
| Compound Annual Growth Rate (CAGR) |
4.1%(2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Product, Application, End-Use Industry, and Region |
| Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Biesse Group (Italy), HOMAG Group (Germany), Anderson Group (Taiwan), Exel CNC Ltd (U.K.), MultiCam Inc. (U.S.), Thermwood Corporation (Dale), The Shoda Company (Japan), ShopSabre (U.S.), AXYZ Automation Group (Canada), Carbide 3D LLC (U.S.), and Komo Machine, Inc. (U.S.). |
| Key Market Opportunities |
Automation In Emerging Economies New product launches and R&D amongst major key players |
| Key Market Dynamics |
Growth Of The Automotive Industry Rise In Furniture Production |
CNC Router Market Highlights:
Frequently Asked Questions (FAQ) :
The global CNC Router market size was valued at USD 706.6 Billion in 2023.
The global market is estimated to grow at a CAGR of 4.1% during the forecast period, 2024-2032.
Asia Pacific witnessed the largest share of the global market
The key players in the market areBiesse Group (Italy), HOMAG Group (Germany), Anderson Group (Taiwan), Exel CNC Ltd (U.K.), MultiCam Inc. (U.S.), Thermwood Corporation (Dale), The Shoda Company (Japan), ShopSabre (U.S.), AXYZ Automation Group (Canada), Carbide 3D LLC (U.S.), and Komo Machine, Inc. (U.S.).
