Computer Numerical Control (CNC) Machine Market Developments, Competitive Analysis, Forecasts 2030 – CAGR of 5.33% during the forecast period
New Jersey, United States- The Market Research report 2023-2030 is an in-depth analysis of the Global Computer Numerical Control (CNC) Machine Market. On the basis of historic growth analysis and the current scenario of the Computer Numerical Control (CNC) Machine Market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate a deeper understanding of multiple aspects of the Global Computer Numerical Control (CNC) Machine Market. This further helps users with their developmental strategy.
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.
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What Is The Computer Numerical Control (CNC) Machine 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.
Who are the Top key players in the Computer Numerical Control (CNC) Machine market?
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), and Others.
Competitive Landscape:
- In March 2021, Fanuc America Corporation, a branch of Fanuc Corporation, added the Quick and Simple Startup of Robotization (QSSR) G-code feature toss as part of an update to its CNC product line. With this link, the company’s improved CNC machines make it easier for toolmakers and machine operators to program robots.
- FANUC America, a well-known maker of robots, CNCs, and ROBOMACHINES, says that old CNC machines with older operating systems will have an upgrade option in 2020. FANUC CNCs can be fixed with the Panel I Replacement Program, which has a powerful industrial PC with a touch- or non-touch LCD screen and Windows 10 IoT Enterprise.
Which Is the Most potential Computer Numerical Control (CNC) Machine market segment?
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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Which Region Dominated The Computer Numerical Control (CNC) Machine Market?
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.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Computer Numerical Control (CNC) Machine Market these regions, from 2020 to 2026 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
- Historical Years: 2017-2021
- Base Year: 2022
- Estimated Year: 2022
- Forecast Period: 2023-2030
What Is The Main Objective of the Report?
The Global Computer Numerical Control (CNC) Machine market report provides a holistic evaluation of the market for the forecast period (2022-2030). The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. The Computer Numerical Control (CNC) Machine market report growth depends on product application, type, technology, and region. An extended view of regional analysis aims to bring readers closer to market opportunities and risks. It also examines the economic scenarios with the impact of Covid-19 analysis is expected to grow the market on a large and small scale.
Strategic Points Covered in Table of Content of Computer Numerical Control (CNC) Machine Market:
Chapter 1: Introduction
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Computer Numerical Control (CNC) Machine Global Market segmentation
3.2. Computer Numerical Control (CNC) Machine Global Market size and growth prospects, 2015 – 2026
3.3. Computer Numerical Control (CNC) Machine Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Computer Numerical Control (CNC) Machine Global Market Product Outlook
Chapter 5. Computer Numerical Control (CNC) Machine Global Market Application Outlook
Chapter 6. Computer Numerical Control (CNC) Machine Global Market Geography Outlook
6.1. Computer Numerical Control (CNC) Machine Industry Share, by Geography, 2022 & 2030
6.2. North America
6.2.1. Computer Numerical Control (CNC) Machine Market 2022 -2030 estimates and forecast, by product
6.2.2. Computer Numerical Control (CNC) Machine Market 2022 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.2.4. Canada
6.3. Europe
6.3.3. Germany
6.3.4. the UK
6.3.5. France
Chapter 7. Competitive Landscape
Chapter 8. Appendix
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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