Computer Numerical Control Machines Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Computer Numerical Control Machines Market


The global Computer Numerical Control Machines market size is projected to reach US$ 108.52 billion by 2026, from US$ 72.31 billion in 2020, at a CAGR of 7% during 2021-2026. Rapid advancements in production technology have led to a reduction in the time required for manufacturing components along with the ability to produce components with better surface finish. This is anticipated to drive the demand for CNC machines.

Advent of Internet of Things (IoT) and machine learning technology has resulted in the introduction of new features such as an application that notifies the status of a machine to the operators/supervisors on their smartphones or PCs. Various government initiatives for instance, the ˜Make in India initiative by the Indian government, and ˜Made In China 2025 initiative by Chinese government, support the establishment of manufacturing units in their respective nations.

Manufacturers are introducing new variants that perform multiple operations such as drilling, cutting, turning, facing, and grinding among others. These features increase flexibility for attendants and reduce the need for manpower at the shop floor. The new machine models are compact and require lesser floor space as compared to the conventional machinery. However, reducing the costs associated with maintenance of these products is the key challenge for the manufacturers.

CNC machines are used in automotive, aerospace and defense, power and energy, construction equipment, industrial, and several other large-scale manufacturing plants. Increasing expenses of employing operators for individual machinery are expected to further fuel the demand for automated CNC machines over the forecast period.
However, the costs associated with purchasing and installation of the products are high, which subsequently deters small manufacturing companies from investing in CNC machines. Proper training and skills are required to operate the CNC machines and for the machinist to perform the desired tasks.

Market Segmentation, Outlook & Viewpoint: Global Computer Numerical Control Machines Market

Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Lathe Machines
  
Milling Machines
  
Laser Machines
  
Grinding Machines
  
Welding Machines
  
Winding Machines
  
Others

End Use Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Automotive
  
Aerospace & Defense
  
Construction Equipment
  
Power & Energy
  
Industrial
  
Others

Key Players, Recent Developments & Regional Insights: Global Computer Numerical Control Machines Market

On the basis of end use, the computer numerical control market is segmented into automotive, aerospace and defense, construction equipment, power and energy, industrial, and others. Increasing demand from the automotive, industrial, and power & energy sectors is anticipated to fuel the growth. Rising demand for mass production of workpieces, from the automobile manufacturers, at minimal time and expenses is expected to accelerate the product demand over the forecast period.

Various complex machinery used in the power and energy and aerospace and defense sectors include components that require higher levels of precision and good quality of surface finish. Many companies are increasingly adopting CNC technology for obtaining the desired results, achieving higher levels of accuracy, and reducing costs involved in wastage of material.

Regional Insights

Asia Pacific led the computer numerical control machines market in terms of market share and CAGR in 2018, owing to the increased adoption of the product in countries such as India, China, and Japan. The major manufacturers such as Okuma Corporation, Yamazaki Mazak Corporation, and DMG Mori Co., Ltd. are based in these countries. Thus, Asia Pacific is expected to continue being the market leader over the next six years.

The growth of Asia Pacific region can also be attributed to increasing government initiatives for supporting the machine tools industry. The market was valued at USD 22.33 billion in 2018 and is anticipated to witness significant growth during the forecast period. The presence of vast base of automotive industries in Europe, is expected to significantly drive the regional market growth.

Computer Numerical Control Machines Market Share Insights

The machine tools industry is fragmented and numerous players hold significant position in the global market share. The key players include 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.; and Yamazaki Mazak Corporation, among others.

Several industry players are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product developments. For instance, in 2016, Fanuc Corporation collaborated with Cisco (a player in digitization market), Rockwell Automation (a player in industrial automation market), and Preferred Networks (a player in Artificial Intelligence solutions market) for the development and deployment of the FIELD system.

The FIELD system platform connected CNCs, robots, and peripheral devices and sensors to provide analytics for optimization of manufacturing processes. Such initiatives are anticipated to drive the growth over the next six years.

Key Insights Covered: Global Computer Numerical Control Machines Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Computer Numerical Control Machines industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Computer Numerical Control Machines industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Computer Numerical Control Machines industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Computer Numerical Control Machines industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Computer Numerical Control Machines industry.

Research Methodology: Global Computer Numerical Control Machines Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other