CNC Router Market Research Report - Global Forecast till 2030

CNC Router Market Research Report: Information By Type (Stationary Gantry Type, Movable Gantry Type and Cross-feed Unit Type), By Product (Plasma, Laser, Water Jet and Metal Tool), By Application (Wood Working, Stone Working, Metal Working and others), By End-Use Industry (Automotive, Construction, Industrial and Others) - Global Forecast till 2030

ID: MRFR/IA - E/6849-CR | September 2019 | Region: Global | 116 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope Of The Study 16

2.3 List Of Assumptions 17

2.4 Market Structure 18

2.5 Market Attractiveness Analysis 18

2.6 Global CNC Router Market, By Product 19

2.7 Global CNC Router Market, By Type 20

2.8 Global CNC Router Market, By Application 21

2.9 Global CNC Router Market, By End Use 22

2.10 Key Buying Criteria 22

3 Market Insights

4 Research Methodology

4.1 Research Process 26

4.2 Primary Research 27

4.3 Secondary Research 28

4.4 Market Size Estimation 29

4.5 Forecast Model 29

5 Market Dynamics

5.1 Introduction 30

5.2 Drivers 31

5.2.1 Growth Of The Automotive Industry 31

5.2.2 Rise In Furniture Production 32

5.3 Drivers Impact Analysis 33

5.4 Restraint 34

5.4.1 Lack Of Skilled Labor 34

5.5 Restraints Impact Analysis 34

5.6 Opportunity 35

5.6.1 Automation In Emerging Economies 35

6 Market Factor Analysis

6.1 Porter’s Five Forces Model 36

6.1.1 Threat Of New Entrants 37

6.1.2 Bargaining Power Of Suppliers 37

6.1.3 Bargaining Power Of Buyers 37

6.1.4 Threat Of Substitutes 37

6.1.5 Rivalry 37

6.2 Supply Chain Analysis 38

6.2.1 Design And Development 38

6.2.2 Raw Material/Component Supply 38

6.2.3 CNC Router Manufacture/Assembly 39

6.2.4 CNC Router Distribution 39

6.2.5 End Use 39

6.2.6 Technology Trend 40

6.2.6.1 5-Axis CNC Router 40

6.2.7 Patent Trends: CNC Router 40

7 Global CNC Router Market, By Type

7.1 Overview 42

7.2 Stationary Gantry Type 42

7.3 Movable Gantry Type 42

7.4 Cross-Feed Unit Type 42

8 Global CNC Router Market, By Product

8.1 Overview 44

8.2 Plasma 44

8.3 Laser 44

8.4 Water Jet 44

8.5 Metal Tool 44

9 Global CNC Router Market, By Application

9.1 Overview 46

9.2 Wood Working 46

9.3 Stone Working 46

9.4 Metal Working 46

9.5 Others 46

10 Global CNC Router Market, By End Use

10.1 Overview 48

10.2 Automotive 48

10.3 Construction 48

10.4 Industrial 48

10.5 Others 49

11 Global CNC Router Market, By Region

11.1 Introduction 50

11.2 Asia-Pacific 51

11.2.1 China 54

11.2.2 Japan 56

11.2.3 South Korea 58

11.2.4 India 60

11.2.5 Rest Of Asia-Pacific 62

11.3 Europe 64

11.3.1 Germany 66

11.3.2 France 68

11.3.3 UK 70

11.3.4 Italy 72

11.3.5 Rest Of Europe 74

11.4 North America 76

11.4.1 US 79

11.4.2 Canada 81

11.4.3 Mexico 83

11.5 Rest Of The World 85

11.5.1 South America 87

11.5.2 Middle East & Africa 89

12 Competitive Landscape

12.1 Competitive Overview 92

12.2 Competitive Benchmarking 93

12.3 Market Share Analysis 94

12.4 Leading Players (In Terms Of Number Of Developments) In Global CNC Router Market 94

13 Company Profiles

13.1 Biesse Group 95

13.1.1 Company Overview 95

13.1.2 Financial Overview 96

13.1.3 Products/Services Offered 96

13.1.4 Key Developments (2020-2027) 96

13.1.5 SWOT Analysis 97

13.1.6 Key Strategies 97

13.2 HOMAG Group 98

13.2.1 Company Overview 98

13.2.2 Financial Overview 98

13.2.3 Products/Services Offered 99

13.2.4 Key Developments (2020-2027) 99

13.2.5 SWOT Analysis 100

13.2.6 Key Strategies 100

13.3 Anderson Group 101

13.3.1 Company Overview 101

13.3.2 Financial Overview 101

13.3.3 Products/Services Offered 102

13.3.4 Key Developments (2020-2027) 103

13.3.5 SWOT Analysis 103

13.3.6 Key Strategies 103

13.4 Exel CNC Ltd 104

13.4.1 Company Overview 104

13.4.2 Financial Overview 104

13.4.3 Products/Services Offered 104

13.4.4 Key Developments (2020-2027) 105

13.4.5 SWOT Analysis 105

13.4.6 Key Strategies 105

13.5 MultiCam Inc. 106

13.5.1 Company Overview 106

13.5.2 Financial Overview 106

13.5.3 Products/Services Offered 106

13.5.4 Key Developments (2015-2020) 106

13.5.5 SWOT Analysis 107

13.5.6 Key Strategies 107

13.6 Thermwood Corporation 108

13.6.1 Company Overview 108

13.6.2 Financial Overview 108

13.6.3 Products/Services Offered 108

13.6.4 Key Developments (2020-2027) 109

13.6.5 SWOT Analysis 109

13.6.6 Key Strategies 109

13.7 The Shoda Company 110

13.7.1 Company Overview 110

13.7.2 Financial Overview 110

13.7.3 Products/Services Offered 111

13.7.4 Key Developments (2020-2027) 111

13.8 ShopSabre 112

13.8.1 Company Overview 112

13.8.2 Financial Overview 112

13.8.3 Products/Services Offered 112

13.8.4 Key Developments (2020-2027) 112

13.9 AXYZ Automation Group 113

13.9.1 Company Overview 113

13.9.2 Financial Overview 113

13.9.3 Products/Services Offered 113

13.9.4 Key Developments (2020-2027) 113

13.10 Carbide 3D LLC 114

13.10.1 Company Overview 114

13.10.2 Financial Overview 114

13.10.3 Products/Services Offered 114

13.10.4 Key Developments (2020-2027) 114

13.11 Komo Machine, Inc. 115

13.11.1 Company Overview 115

13.11.2 Financial Overview 115

13.11.3 Products/Services Offered 115

13.11.4 Key Developments (2020-2027) 116

 

14 List Of Tables

TABLE 1 LIST OF ASSUMPTIONS 17

TABLE 2 MAJOR GRANTED PATENTS ON CNC ROUTER (1 JANUARY 2015–08 AUGUST 2020) 40

TABLE 3 GLOBAL CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 43

TABLE 4 GLOBAL CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 45

TABLE 5 GLOBAL CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 47

TABLE 6 GLOBAL CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 49

TABLE 7 GLOBAL CNC ROUTER MARKET, BY REGION, 2020–2027 (USD MILLION) 50

TABLE 8 ASIA-PACIFIC: CNC ROUTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 51

TABLE 9 ASIA-PACIFIC: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 52

TABLE 10 ASIA-PACIFIC: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 52

TABLE 11 ASIA-PACIFIC: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 53

TABLE 12 ASIA-PACIFIC: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 53

TABLE 13 CHINA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 54

TABLE 14 CHINA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 54

TABLE 15 CHINA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 55

TABLE 16 CHINA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 55

TABLE 17 JAPAN: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 56

TABLE 18 JAPAN: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 56

TABLE 19 JAPAN: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 57

TABLE 20 JAPAN: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 57

TABLE 21 SOUTH KOREA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 58

TABLE 22 SOUTH KOREA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 58

TABLE 23 SOUTH KOREA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 59

TABLE 24 SOUTH KOREA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 59

TABLE 25 INDIA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 60

TABLE 26 INDIA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 60

TABLE 27 INDIA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 61

TABLE 28 INDIA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 61

TABLE 29 REST OF ASIA-PACIFIC: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 62

TABLE 30 REST OF ASIA-PACIFIC: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 62

TABLE 31 REST OF ASIA-PACIFIC: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 63

TABLE 32 REST OF ASIA-PACIFIC: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 63

TABLE 33 EUROPE: CNC ROUTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 64

TABLE 34 EUROPE: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 65

TABLE 35 EUROPE: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 65

TABLE 36 EUROPE: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 65

TABLE 37 EUROPE: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 66

TABLE 38 GERMANY: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 66

TABLE 39 GERMANY: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 67

TABLE 40 GERMANY: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 67

TABLE 41 GERMANY: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 67

TABLE 42 FRANCE: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 68

TABLE 43 FRANCE: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 68

TABLE 44 FRANCE: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 69

TABLE 45 FRANCE: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 69

TABLE 46 UK: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 70

TABLE 47 UK: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 70

TABLE 48 UK: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 71

TABLE 49 UK: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 71

TABLE 50 ITALY: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 72

TABLE 51 ITALY: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 72

TABLE 52 ITALY: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 73

TABLE 53 ITALY: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 73

TABLE 54 REST OF EUROPE: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 74

TABLE 55 REST OF EUROPE: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 74

TABLE 56 REST OF EUROPE: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 75

TABLE 57 REST OF EUROPE: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 75

TABLE 58 NORTH AMERICA: CNC ROUTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 76

TABLE 59 NORTH AMERICA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 77

TABLE 60 NORTH AMERICA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 77

TABLE 61 NORTH AMERICA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 77

TABLE 62 NORTH AMERICA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 78

TABLE 63 US: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 79

TABLE 64 US: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 79

TABLE 65 US: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 80

TABLE 66 US: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 80

TABLE 67 CANADA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 81

TABLE 68 CANADA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 81

TABLE 69 CANADA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 82

TABLE 70 CANADA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 82

TABLE 71 MEXICO: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 83

TABLE 72 MEXICO: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 83

TABLE 73 MEXICO: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 84

TABLE 74 MEXICO: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 84

TABLE 75 REST OF THE WORLD: CNC ROUTER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 85

TABLE 76 REST OF THE WORLD: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 85

TABLE 77 REST OF THE WORLD: CNC ROUTER MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 86

TABLE 78 REST OF THE WORLD: CNC ROUTER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 86

TABLE 79 REST OF THE WORLD: CNC ROUTER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 87

TABLE 80 SOUTH AMERICA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 87

TABLE 81 SOUTH AMERICA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 88

TABLE 82 SOUTH AMERICA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 88

TABLE 83 SOUTH AMERICA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 89

TABLE 84 MIDDLE EAST & AFRICA: CNC ROUTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 89

TABLE 85 MIDDLE EAST & AFRICA: CNC ROUTER MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 90

TABLE 86 MIDDLE EAST & AFRICA: CNC ROUTER MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 90

TABLE 87 MIDDLE EAST & AFRICA: CNC ROUTER MARKET, BY END USE, 2020–2027 (USD MILLION) 91

TABLE 88 BIESSE GROUP: PRODUCTS/SERVICES OFFERED 96

TABLE 89 BIESSE GROUP: KEY DEVELOPMENTS 96

TABLE 90 HOMAG GROUP: PRODUCTS/SERVICES OFFERED 99

TABLE 91 HOMAG GROUP: KEY DEVELOPMENTS 99

TABLE 92 ANDERSON GROUP: PRODUCTS/SERVICES OFFERED 102

TABLE 93 ANDERSON GROUP: PRODUCTS/SERVICES OFFERED 103

TABLE 94 EXEL CNC LTD: PRODUCTS/SERVICES OFFERED 104

TABLE 95 EXEL CNC LTD: KEY DEVELOPMENTS 105

TABLE 96 MULTICAM INC.: PRODUCTS/SERVICES OFFERED 106

TABLE 97 THERMWOOD CORPORATION: PRODUCTS/SERVICES OFFERED 108

TABLE 98 THE SHODA COMPANY: PRODUCTS/SERVICES OFFERED 111

TABLE 99 SHOPSABRE: PRODUCTS/SERVICES OFFERED 112

TABLE 100 SHOPSABRE: KEY DEVELOPMENTS 112

TABLE 101 AXYZ AUTOMATION GROUP: PRODUCTS/SERVICES OFFERED 113

TABLE 102 CARBIDE 3D LLC: PRODUCTS/SERVICES OFFERED 114

TABLE 103 KOMO MACHINE, INC.: PRODUCTS/SERVICES OFFERED 116

TABLE 104 KOMO MACHINE, INC.: KEY DEVELOPMENTS 116

 

15 List Fo Figures

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 GLOBAL CNC ROUTER MARKET: MARKET STRUCTURE 17

FIGURE 3 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL CNC ROUTER MARKET, 2020, BY REGION 17

FIGURE 4 GLOBAL CNC ROUTER MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 18

FIGURE 5 GLOBAL CNC ROUTER MARKET, BY TYPE, 2020-2027 (USD MILLION) 19

FIGURE 6 GLOBAL CNC ROUTER MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 20

FIGURE 7 GLOBAL CNC ROUTER MARKET, BY END USE, 2020-2027 (USD MILLION) 21

FIGURE 8 GLOBAL CNC ROUTER MARKET: KEY BUYING CRITERIA 21

FIGURE 9 ASIA–PACIFIC: CNC ROUTER MARKET SIZE & MARKET SHARE, BY COUNTRY, BY VALUE (2020 VS 2027) 22

FIGURE 10 EUROPE: CNC ROUTER MARKET SIZE & MARKET SHARE, BY COUNTRY, BY VALUE (2020 VS 2027) 23

FIGURE 11 NORTH AMERICA: CNC ROUTER MARKET SIZE & MARKET SHARE, BY COUNTRY, BY VALUE (2020 VS 2027) 23

FIGURE 12 ROW: CNC ROUTER MARKET SIZE & MARKET SHARE, BY REGION, BY VALUE (2020 VS 2027) 24

FIGURE 13 RESEARCH PROCESS OF MRFR 25

FIGURE 14 TOP-DOWN & BOTTOM-UP APPROACHES 28

FIGURE 1 DRO ANALYSIS OF GLOBAL CNC ROUTER MARKET 29

FIGURE 2 GLOBAL VEHICLE PRODUCTION, THOUSAND UNITS (2020-2027) 30

FIGURE 3 GLOBAL FURNITURE PRODUCTION, USD BILLION, 2020-2027 31

FIGURE 4 DRIVERS IMPACT ANALYSIS: CNC ROUTER MARKET 32

FIGURE 5 RESTRAINTS IMPACT ANALYSIS: CNC ROUTER MARKET 33

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS: GLOBAL CNC ROUTER MARKET 35

FIGURE 7 SUPPLY CHAIN ANALYSIS: GLOBAL CNC ROUTER MARKET 37

FIGURE 8 GLOBAL CNC ROUTER MARKET, BY TYPE, 2020 (% SHARE) 41

FIGURE 9 GLOBAL CNC ROUTER MARKET, BY PRODUCT, 2020 (% SHARE) 44

FIGURE 10 GLOBAL CNC ROUTER MARKET, BY APPLICATION, 2020 (% SHARE) 46

FIGURE 11 GLOBAL CNC ROUTER MARKET, BY END USE, 2020 (% SHARE) 48

FIGURE 12 GLOBAL CNC ROUTER MARKET SHARE, BY REGION, 2020 (%) (USD MILLION) 49

FIGURE 13 ASIA-PACIFIC: CNC ROUTER MARKET, BY COUNTRY, 2020 (% SHARE) 50

FIGURE 14 EUROPE: CNC ROUTER MARKET, BY COUNTRY, 2020 (%) 63

FIGURE 15 NORTH AMERICA: CNC ROUTER MARKET, BY COUNTRY, 2020 (%) 75

FIGURE 16 REST OF THE WORLD: CNC ROUTER MARKET, BY COUNTRY, 2020 (% SHARE) 84

FIGURE 17 BENCHMARKING OF MAJOR COMPETITORS 92

FIGURE 18 MARKET SHARE ANALYSIS, 2020 93

FIGURE 19 LIST OF ACTIVE PLAYERS IN THE GLOBAL CNC ROUTER MARKET 93

FIGURE 20 BIESSE GROUP: TOTAL REVENUE, 2020-2027 (USD MILLION) 95

FIGURE 21 BIESSE GROUP: SWOT ANALYSIS 96

FIGURE 22 HOMAG GROUP: TOTAL REVENUE, 2020-2027 (USD MILLION) 97

FIGURE 23 HOMAG GROUP: SWOT ANALYSIS 99

FIGURE 24 ANDERSON GROUP: TOTAL REVENUE, 2020-2027 (TWD MILLION) 100

FIGURE 25 ANDERSON GROUP: SWOT ANALYSIS 102

FIGURE 26 EXEL CNC LTD: SWOT ANALYSIS 104

FIGURE 27 MULTICAM INC.: SWOT ANALYSIS 106

FIGURE 28 THERMWOOD CORPORATION: SWOT ANALYSIS 108

CNC Router Market

CNC Router Market Forecast done by the market experts, the market is expected to grow at a CAGR of 6.14% during 2022-2030

Segmentation

By Type Stationary Gantry Type Movable Gantry Type Cross Feed Unit Type
By Product Plasma Laser Water Jet Metal Tool
By Application Wood Working Stone Working Metal Working Others
By End-Use Industry Automotive Construction Industrial Others

Key Players

  • 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.)
  • and AXYZ Automation Group (Canada)

Drivers

  • Automation In Emerging Economies
  • New product launches and R&D amongst major key players
  • Growth Of The Automotive Industry
  • Rise In Furniture Production
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CNC Router Market Overview


According to the CNC Router Market Forecast done by the market experts, the market is expected to grow at a CAGR of 6.14% during 2022-2028.


The Computer Numerical Control (CNC) Routers are the equipment used for cutting different types of materials such as steel, aluminum, wood, glass, plastics, and others with the help of a CNC machine. CNC Routers are used for manufacturing various types of components such as panels, carvings, furniture, instruments, signboards, and others. Due to the rapid pace of industrialization across the globe, the CNC Router Market Demand is on the rise.


COVID-19 Analysis

Like many other sectors, the COVID-19 pandemic had halted the growth of the CNC Router Industry due to strict lockdown measures and social distancing norms. At the same time, the demand for dividers was high in hospitals, restaurants, grocery stores, and other public places to maintain proper social distancing. This has opened up CNC Router Market Opportunities during the pandemic. Huge requirements of protective shields for healthcare workers have also led to the revival of the CNC Router Market.


Market Dynamics



  • Market Drivers


The huge demand for wooden furniture and other wooden items are the main drivers for the global CNC Router Market. CNC Routers are increasingly used in the wooden construction sector for faster and more efficient work.


The steady growth of the automotive industry is also an important driver for the increase in the CNC Router Market Revenue. Due to the reduced time and error rate for making products like car hoods, doors, etc., CNC Router Market Demand is increasingly high. To save outsourcing expenses and maintain quality standards, the CNC router market is growing across the globe.


Many industrial design companies are using CNC router machines for designing and making furniture, modular kitchens, play, and educational equipment.



  • Restraints


Skilled professionals are required to operate the CNC routers. As these Computer Numerical Control (CNC) routers are required trained professionals to use the machine and software, the lack of skilled people is a major restraint for the growth of the CNC Router Market.



  • Opportunities


There has been an increase in the demand for electric and hybrid vehicles due to their minimal carbon emissions. This has created many opportunities for the CNC Router Market as CNC routers are used for carving innovatively designed hoods, doors, and car trunks.



  • Challenges


The high cost of the CNC routers is the main challenge for the steady growth of the CNC Router Market.



  • Cumulative Analysis


During the forecast period 2022-28, the CNC Router Market Revenue is estimated to grow with a CAGR of 6.14%. The market is reviving in the post-COVID period and is expected to have a steady growth in the coming years.



  • Value Chain Analysis


The Value Chain Analysis of the CNC Router Market Trends is evolving. Due to the increase in urbanization and industrialization, the demand for CNC routers is on the rise. As CNC Routers are used in a wide array of industries, the market size is expected to grow steadily within the forecast period. Key players are investing in Research & development and new business expansion. These factors will help in the growth of the CNC Router Market.


Market Segmentations


The global CNC Router Market Size is very large. It is fragmented based on application, type, product, end-users, and region.



  • Based on the type, the market is further segmented into movable gantry type, stationary gantry type, and crossfeed type. As the movable gantry type is used in a wide array of industries such as automotive, power, construction, and others, this sector is expected to grow significantly within the forecast period.

  • Based on the application, the CNC Router Market is further divided into Metal Working, Woodworking, and Stone Working. The increasing need for 3-D designs and carvings on various wooden products will lead to the growth of the woodworking sector in the coming years.

  • Based on the product, the market is segmented into plasma, water jet, metal tool, and laser. Due to the increasing use of CNC routers in wood and metal works, the Metal tool sector is expected to dominate the CNC Router Market.

  • Based on the end-users, the global CNC Router Market is segmented into automotive, construction, and industrial sectors. The biggest CNC Router Market Share is occupied by the construction industry owing to the huge demand for wooden construction and the adoption of new machinery for cutting, routing, and drilling. In the coming years, the automotive industry is expected to generate a significant amount of CNC Router Market Revenue.


As per the region, the market of CNC routers is divided into Europe, Asia-Pacific, North America, and the Rest of the World.


Regional Analysis


Based on the region, the CNC Router Market is divided into Europe, Asia-Pacific, North America, and the Rest of the World. The Asia Pacific region is expected to have a rapid CNC Router Market Growth within the forecast period. In this region, the countries such as China, Japan, and India have many industrial setups. Owning to the revival of the automotive sector in recent times, the Asia-Pacific region is expected to occupy a significant part of the global CNC Router Market Share.


Due to the increase in trading and adoption of new technologies, the European region is expected to create CNC Router Market Opportunities in the coming years. Many automotive manufacturers such as Audi, Volvo, and BMW are located in this region and would help in the increase of CNC Router Market Size during the forecast period.


Competitive Analysis


The global CNC Router Industry has many domestic and national players who are aiming at occupying a major part of the CNC Router Market Revenue. The competition among the key players is stiff. The companies, national as well as international, are taking up strategies such as product launches, acquisitions, partnerships, mergers, setting up of production units, and investing in research & development to have steady growth by 2028.


Some of the major key players of the CNC Router Market are:



  • HOMAG Group (Germany)

  • ShopSabre (US)

  • Biesse Group (Italy)

  • Anderson Group (Taiwan)

  • Exel CNC Ltd (UK)

  • MultiCam Inc. (US)

  • Thermwood Corporation (US)

  • Shoda Company (Japan)

  • Carbide 3D LLC (US)

  • AXYZ Automation Group (Canada)

  • Komo Machine (US)


Recent Development


Homag UK and Taylor Made Journey had a partnership in 2020 to design different types of equipment such as Centateq P-210, five-axis CNC router, and others to automate the production of indoor furniture and cabinets.


Vectric has launched the VCarve Pro for cutting and creating customized parts on the CNC router by using 2.5 D tools.


Report Overview


The overview of the CNC Router Market Report is given below.



  • Market Overview

  • COVID-19 analysis

  • Dynamics of the market

  • Value chain analysis

  • Market segmentation

  • Regional analysis

  • Competitive analysis

  • Recent development


Report Scope and Segmentation


The scope of this report is to provide valuable information by performing a detailed CNC Router Market Analysis. According to this report, the CNC router is a cutting machine controlled by a computer. CNC routers are used in a wide range of industries such as wood, aluminum, glass, plastics, and others. This report also covers valuable information like market segmentation, recent trends, challenges, growth forecast, key players, and CAGR of the CNC Router Market. The information given in this report is collected from many primary as well as secondary sources.



  • Study Period-2022-2028

  • Base Year-2022

  • Forecast Period-2022-2028

  • Historical Period-2019-2021


Segmentation


Based on Type



  • Cross-feed Unit Type

  • Stationary Gantry Type

  • Movable Gantry Type


Based on Application



  • Stone Working

  • Woodworking

  • Metalworking


Based on Product



  • Laser

  • Plasma

  • Metal Tool

  • Water Jet


Based on End-Users



  • Construction

  • Automotive

  • Industrial


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6.14% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Product, Application, and End-Use Industry
  Geographies Covered   orth America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.), and AXYZ Automation Group (Canada)
  Key Market Opportunities

  • Automation In Emerging Economies
  • New product launches and R&D amongst major key players
  •   Key Market Drivers

  • Growth Of The Automotive Industry
  • Rise In Furniture Production


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    Frequently Asked Questions (FAQ) :

    CNC router functions similar to CNC mill. To route tool paths that make machines to function, CNC router uses computer numerical control.

    High rate of productivity and reduction in waste are benefits offered by CNC routers. These advantages can work in favor of the global CNC router market.

    The increase in use of CNC router by automobile and aerospace industries can generate high revenue for the APAC CNC router market across the evaluation period.

    Stationary gantry, cross-feed unit, and movable gantry are types of CNC routers. The availability of different types of CNC router can benefit the worldwide CNC router market.

    HOMAG Group (Germany), Biesse Group (Italy), Exel CNC Ltd (UK), Anderson Group (Taiwan), Thermwood Corporation (US), MultiCam Inc. (US), ShopSabre (US), Shoda Company (Japan), Carbide 3D LLC (US), Komo Machine (US), and AXYZ Automation Group (Canada). Deals and pacts among key players and innovations launched by them are expected to positively impact the market.