The Computer Numerical Control (CNC) Machine Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Computer Numerical Control (CNC) Machine market. This report provides a detailed overview of key factors in the Computer Numerical Control (CNC) Machine Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates the market size, revenue, and growth of the Computer Numerical Control (CNC) Machine industry, and breaks it down according to the type, application, and consumption area of Computer Numerical Control (CNC) Machine. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The global Computer Numerical Control (CNC) Machine Market size was estimated at USD 96.4 Billion in 2022 and it is expected to hit around USD 153.8 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.33% from 2023 to 2030.
Some of the key players profiled in the study are:
Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (Korea), Trumpf (Germany), Amada Machine Tools Co., Ltd (Japan), JTEKT Corporation (Japan), MAG IAS GmbH (Germany), Schuler AG (Germany), Makino (Japan), Hyundai WIA (Korea), Komatsu Ltd. (Japan), Okuma Corporation (Japan), FANUC Corporation (Japan), XYZ Machine Tools (U.K.), Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan), General Technology Group Dalian Machine Tool Corporation (Liaoning Province), ANCA Group (Australia)
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Market Overview
By 2030, it is anticipated that the demand for computer numerical control (CNC) devices will exceed 2,800 thousand units. In the coming years, rising demand for equipment used to manufacture semiconductors, medical devices, Electric Vehicles (EV), and telecom communication devices is anticipated to be the primary market growth driver. In addition, the market is anticipated to expand as EV manufacturers require more five-axis milling machines and ultra-precision machines to meet their demands.
In 2021, the market for CNC machines recovered, resulting in an increase in orders across all industries, particularly in Europe, Asia-Pacific, and North America. The market expanded in 2021 due to orders that had been delayed because of the epidemic. This will continue to occur in the near future so that 2020 backlogs can be addressed. But until 2023, the global shortage of semiconductors, rising steel prices, and higher shipping costs are anticipated to prevent OEMs from earning as much from sales.
Market Segmentation
By Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
By End Use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
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Regional Insights
The Asia-Pacific region accounted for more than 35 percent of the global market in 2021, and this trend is anticipated to continue throughout the forecast period. Sales of CNC machines are anticipated to reach 800 thousand units in 2022 and quadruple by 2030. The increase in manufacturing outsourcing services for industrial equipment, the availability of inexpensive raw materials, and low operational costs are all driving the demand for manufacturing outsourcing, which will increase CNC machine sales in the coming years.
In the coming years, Europe is anticipated to have a CAGR of 9 percent. The growth is being driven by Germany, Italy, France, and countries in Central and Eastern Europe.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Computer Numerical Control (CNC) Machine market report:
-Comprehensive assessment of all opportunities and risks in the Computer Numerical Control (CNC) Machine market.
-Computer Numerical Control (CNC) Machine market recent innovations and major events.
-Detailed study of business strategies for growth of the Computer Numerical Control (CNC) Machine market-leading players.
-Conclusive study about the growth plot of the Computer Numerical Control (CNC) Machine market for forthcoming years.
-In-depth understanding of Computer Numerical Control (CNC) Machine market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Computer Numerical Control (CNC) Machine market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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