Global Computer Numerical Control Machine Market Size By Type (Metal Cutting, Metal Forming), By Application (Automotive, General Machinery, Precision Engineering), By Product (Milling Machines, Drilling Machines, Grinding Machines), By Geographic Scope And Forecast
Report ID: 329085|No. of Pages: 202
Global Computer Numerical Control Machine Market Size By Type (Metal Cutting, Metal Forming), By Application (Automotive, General Machinery, Precision Engineering), By Product (Milling Machines, Drilling Machines, Grinding Machines), By Geographic Scope And Forecast
Computer Numerical Control Machine Market Size And Forecast
Computer Numerical Control Machine Market size was valued at USD 62.36 Billion in 2021 and is projected to reach USD 111.1 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030.
The Computer Numerical Control Machine Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Computer Numerical Control Machine Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
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Global Computer Numerical Control Machine Market Definition
CNC machines, also known as “Computer Numerically Controlled” machines, are advanced tools used in metalworking to produce complex parts required by modern technology. They fall under the category of machine tools, which can be divided into three types: General Purpose Machine Tools, Special Purpose Machine Tools, and Machine Tools with a Single Purpose. CNC machines use computer logic to control movements and perform metalworking operations. Among the various types of CNC machines, CNC mills are particularly common and use computer controls to cut materials in different ways. These machines are extensively used in various machining operations such as milling, turning, drilling, and grinding. They have the capability to accurately shape and cut materials like metal, wood, plastic, and composites, making them indispensable in industries like automotive, aerospace, electronics, and furniture manufacturing.
In the automotive industry, CNC machines are widely employed for producing precision engine components, transmission parts, chassis components, and other critical parts. Their high-speed and high-precision capabilities contribute to efficient and reliable automobile production. Similarly, in the aerospace industry, CNC machines play a crucial role in manufacturing complex and critical components like aircraft engine parts, turbine blades, structural components, and landing gear components. The exceptional precision and repeatability of CNC machines ensure the quality and safety of aerospace components.
CNC machines also find significant applications in the electronics industry, particularly in the production of electronic components and printed circuit boards (PCBs). They are used for precise drilling, milling, and routing of PCBs, as well as the fabrication of electronic enclosures and casings. In the woodworking and cabinetry industries, CNC routers are extensively used for cutting, shaping, and carving wood materials. They enable precise and intricate designs, improving the efficiency and quality of woodworking processes. Additionally, CNC EDM (Electrical Discharge Machining) machines are employed for precision machining operations that involve electrical discharge, such as cutting, drilling, or shaping hard materials like metal. These machines are utilized in industries like mold-making, tool and die production, and aerospace. Overall, CNC machines are versatile and indispensable tools that have revolutionized the manufacturing industry, enabling precise and efficient machining operations across various materials and industries.
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Global Computer Numerical Control Machine Market Overview
CNC Machine Tools find extensive applications in the automotive industry, where automakers utilize this technology to enhance the efficiency and productivity of their assembly plants. CNC machining is particularly employed in the design and engineering of critical engine components, which are then fitted into the engine block using this advanced machining technique. The benefits offered by CNC Machine Tools to car manufacturers are manifold, and they play a significant role in driving the growth of the CNC Machine Tools Market. One prominent advantage of CNC machining is its speed. These computer-controlled tools eliminate the need for human intervention in the manufacturing process, enabling uninterrupted operation and increased production levels, especially when large quantities of parts need to be produced. Although CNC machines are generally more expensive than manually operated machines, it is expected that their cost will decrease over time. Additionally, regular maintenance is crucial to ensure the proper functioning of these high-tech machines.
Moreover, machinists require appropriate training and expertise to operate CNC machines effectively. In response, manufacturers are implementing various training programs to enhance the skills of machinists and mitigate any potential limitations. For instance, in July 2020, Mazak Corporation launched a remote training program in the UK, enabling customers to familiarize themselves with the operation of their machines and understand best practices. The automotive industry plays a significant role in the CNC Machine Tools market, driven by the increasing demand for rapid production of high-efficiency parts. CNC machines are capable of manufacturing various components for automobiles, including combustion engines, suspension components, lights, exhaust parts, fluid system components, bushings, and valve retainers. The automotive industry’s demand for precision, accuracy, reduced operational time, and repetitive tasks without discrepancies contributes to the widespread use of CNC machine tools. Additionally, the market is expected to witness further growth due to increasing automation in manufacturing and production processes in the near future.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Computer Numerical Control Machine Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the global Computer Numerical Control Machine Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Computer Numerical Control Machine Market Segmentation Analysis
The Global Computer Numerical Control Machine Market is Segmented on the Basis of Type, Application, Product And Geography.
Computer Numerical Control Machine Market, By Type
- Metal Cutting
- Metal Forming
Based on type, the market is classified into Metal Cutting, and Metal Forming. CNC machines are extensively utilized for metal cutting applications. These advanced machines employ computer-controlled technology to precisely shape and carve various metal materials. The use of CNC machines in metal cutting offers numerous advantages over traditional manual methods.
Computer Numerical Control Machine Market, By Application
- Automotive
- General Machinery
- Precision Engineering
- Transport Machinery
- Others (Energy, Electrical)
Based on Application, the market is classified into Automotive, General Machinery, Precision Engineering, Transport Machinery, and Others. The automotive industry plays a significant role in the CNC Machine Tools market, driven by the increasing demand for rapid production of high-efficiency parts. CNC machines are capable of manufacturing various components for automobiles, including combustion engines, suspension components, lights, exhaust parts, fluid system components, bushings, and valve retainers. The automotive industry’s demand for precision, accuracy, reduced operational time, and repetitive tasks without discrepancies contributes to the widespread use of CNC machines.
Computer Numerical Control Machine Market, By Product
- Milling Machines
- Drilling Machines
- Grinding Machines
- Electrical Discharge Machines
Based on Product, the market is segmented into Milling Machines, Drilling Machines, Grinding Machines, and Electrical Discharge Machines. CNC milling machines enable greater automation and integration in manufacturing workflows. They can be seamlessly integrated into computer-aided design (CAD) and computer-aided manufacturing (CAM) systems, allowing for seamless transfer of design data and efficient production planning.
Computer Numerical Control Machine Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Regional Analysis, the Global Computer Numerical Control Machine Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific region accounted for the largest share of the global CNC Machine Tools Market, and this dominance is expected to continue throughout the forecast period. The increase in the variety of metal-cutting process industries across the region is one of the major factors contributing to this growth. Many of the world’s leading machine manufacturers are based in the region, which is expected to dominate the market. China is one of the largest consumers of machine tools in the Asia Pacific region, driving the market forward. In the Asia Pacific region, the automotive industry, oil and gas, and railways have all seen significant growth and investment.
Key Players
The “Global Computer Numerical Control Machine Market” study report will provide a valuable insight with an emphasis on global market including some of the major players Amada Co. Ltd, Amera Seiki, Fanuc Corporation, Datron AG, DMG Mori, Dalian Machine Tool Group (DMTG) Corporation, Haas Automation Inc., Okuma Corporation, Shenyang Machine Tool Co. Ltd. (SMTCL), Hurco Companies Inc.
Our market analysis also entails a section solely among others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Amada Co. Ltd, Amera Seiki, Fanuc Corporation, Datron AG, DMG Mori, Dalian Machine Tool Group (DMTG) Corporation, Haas Automation Inc., Okuma Corporation, Shenyang Machine Tool Co. Ltd. (SMTCL), Hurco Companies Inc. |
| SEGMENTS COVERED | By Type, By Application, By Product, By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Data Collection Matrix
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Econometrics and data visualization model
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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