Product Code: GVR-2-68038-077-4
Computer Numerical Control Machines Market Growth & Trends:
The global computer numerical control machines market size is projected to reach USD 132.93 billion by 2030, registering a CAGR of 10.2% from 2022 to 2030, according to a new study by Grand View Research, Inc. The market demand is expected to reach over 2,800 thousand units by 2030. The growth can be ascribed to an increase in the need for automated and high-precision computer numerical control (CNC) machines, which is anticipated to drive market growth over the forecast period. Growing preference from conventional three-axis machines to 4-axis and 5-axis machines are also expected to bode well for the market growth over the next few years.
Shortage of skilled expertise and increasing labor costs in developed economies, particularly in Europe and the U.S., have been primary concerns for the OEMs. Therefore, the need for automated machines in metalworking and other general manufacturing industries is likely to create the demand for automated CNC machines over the forecast period. Increasing raw material prices and shortage of components owing to supply chain disruptions are also presumed to hinder the market growth over the next few years.
From the supply side, OEMs are upgrading their product offering by improving technical capabilities with Computer-Aided Design & Computer-Aided Manufacturing (CAD/CAM) latest software tools. The trend is also presumed to support market growth over the forecast period. The integrated CAD/CAM software with CNC machines enable OEMs to offer customers to manufacture defect-free finished products, improve productivity, and accelerate the production of complex product designs at reduced time. CNC manufacturers and software vendors collaborate in this space to enhance their existing product portfolio. For instance, in December 2020, CNC Software Inc., one of the CAD/CAM software solutions providers (now part of Sandvik Group), developed 5-axis Post Processor for FANUC Corporation's CNC machines. The product launch envisages Fanuc Corporation's customers to increase their productivity using CNC machines tools.
Computer Numerical Control Machines Market Report Highlights:
By 2030, the demand for milling machines is anticipated to reach around 500 thousand units. The growth can be attributed to the rising popularity of multi-axis milling machines in the aerospace and automotive industries
Increasing demand for electric vehicles is expected to create the need for CNC machines in the automotive segment. Hence, the segment is expected to register a CAGR exceeding 12% over the forecast period
The rapid growth in the industrial sector, notably the metalworking and semiconductor manufacturing industries, is projected to drive growth in the Asia Pacific regional market. It is projected to record the highest CAGR of 13.0% from 2022 to 2030
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 CNC Machines Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
- 2.2 Global CNC Machines Market, 2018 - 2030
- 2.2.1 Global CNC machines market, by region, 2018 - 2030
- 2.2.2 Global CNC machines market, by type, 2018 - 2030
- 2.2.3 Global CNC machines market, by end-use, 2018 - 2030
Chapter 3 CNC Machines Market - Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size & Growth Prospects
- 3.3 CNC Machines Market - Value Chain Analysis
- 3.4 CNC Machines Market - Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.2 Market challenge analysis
- 3.5 Penetration and Growth Prospect Mapping
- 3.6 CNC Machines Market - Porter's Five Forces Analysis
- 3.7 CNC Machines Market - PEST Analysis
Chapter 4 CNC Machines Type Outlook
- 4.1 CNC Machines Market Share by Type, 2021 & 2030 (USD Billion, Thousand Units)
- 4.2 Lathe Machines
- 4.2.1 CNC lathe machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 4.3 Milling Machines
- 4.3.1 CNC milling machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 4.4 Laser Machines
- 4.4.1 CNC laser machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 4.5 Grinding Machines
- 4.5.1 CNC grinding machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 4.6 Welding Machines
- 4.6.1 CNC welding machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 4.7 Winding Machines
- 4.7.1 CNC winding machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 4.8 Others
- 4.8.1 Other CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
Chapter 5 CNC Machines End Use Outlook
- 5.1 CNC Machines Market Share by End Use, 2021 & 2030 (USD Billion)
- 5.2 Automotive
- 5.2.1 CNC machines market in automotive, 2018 - 2030 (USD Billion)
- 5.3 Aerospace & Defense
- 5.3.1 CNC machines market in aerospace & defense, 2018 - 2030 (USD Billion)
- 5.4 Construction Equipment
- 5.4.1 CNC machines market in construction equipment, 2018 - 2030 (USD Billion)
- 5.5 Power & Energy
- 5.5.1 CNC machines market in power & energy, 2018 - 2030 (USD Billion)
- 5.6 Industrial
- 5.6.1 CNC machines market in industrial end use, 2018 - 2030 (USD Billion)
- 5.7 Others
- 5.7.1 CNC machines market in other end use, 2018 - 2030 (USD Billion)
Chapter 6 CNC Machines Regional Outlook
- 6.1 CNC Machines Market Share by Region, 2020
- 6.2 North America
- 6.2.1 North America CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.2.2 North America CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.2.3 North America CNC machines market, by end-use, 2018 - 2030
- 6.2.4 U.S.
- 6.2.4.1 U.S. CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.2.4.2 U.S. CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.2.4.3 U.S. CNC machines market, by end-use, 2018 - 2030
- 6.2.5 Canada
- 6.2.5.1 Canada CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.2.5.2 Canada CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.2.5.3 Canada CNC machines market, by end-use, 2018 - 2030
- 6.3 Europe
- 6.3.1 Europe CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.2 Europe CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.3 Europe CNC machines market, by end-use, 2018 - 2030
- 6.3.4 France
- 6.3.4.1 France CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.4.2 France CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.4.3 France CNC machines market, by end-use, 2018 - 2030
- 6.3.5 Germany
- 6.3.5.1 Germany CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.5.2 Germany CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.5.3 Germany CNC machines market, by end-use, 2018 - 2030
- 6.3.6 Italy
- 6.3.6.1 Italy CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.6.2 Italy CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.3.6.3 Italy CNC machines market, by end-use, 2018 - 2030
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.2 Asia Pacific CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.3 Asia Pacific CNC machines market, by end-use, 2018 - 2030
- 6.4.4 China
- 6.4.4.1 China CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.4.2 China CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.4.3 China CNC machines market, by end-use, 2018 - 2030
- 6.4.5 India
- 6.4.5.1 India CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.5.2 India CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.5.3 India CNC machines market, by end-use, 2018 - 2030
- 6.4.6 Japan
- 6.4.6.1 Japan CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.6.2 Japan CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4.6.3 Japan CNC machines market, by end-use, 2018 - 2030
- 6.5 Latin America
- 6.5.1 Latin America CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.5.2 Latin America CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.5.3 Latin America CNC machines market, by end-use, 2018 - 2030
- 6.5.4 Mexico
- 6.5.4.1 Mexico CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.5.4.2 Mexico CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.5.4.3 Mexico CNC machines market, by end-use, 2018 - 2030
- 6.6 MEA
- 6.6.1 MEA CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
- 6.6.2 MEA CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
- 6.6.3 MEA CNC machines market, by end-use, 2018 - 2030
Chapter 7 Competitive Landscape
- 7.1 Amada Machine Tools Co., Ltd.
- 7.1.1 Company overview
- 7.1.2 Financial performance
- 7.1.3 Product benchmarking
- 7.1.4 Strategic initiatives
- 7.2 Amera Seiki
- 7.2.1 Company overview
- 7.2.2 Product benchmarking
- 7.3 DMG Mori Co., Ltd.
- 7.3.1 Company overview
- 7.3.2 Financial performance
- 7.3.3 Product benchmarking
- 7.3.4 Strategic initiatives
- 7.4 Dalian Machine Tool Group (DMTG) Corporation
- 7.4.1 Company overview
- 7.4.2 Product benchmarking
- 7.4.3 Strategic initiatives
- 7.5 Datron AG
- 7.5.1 Company overview
- 7.5.2 Financial performance
- 7.5.3 Product benchmarking
- 7.5.4 Strategic initiatives
- 7.6 FANUC CORPORATION
- 7.6.1 Company overview
- 7.6.2 Financial performance
- 7.6.3 Product benchmarking
- 7.6.4 Strategic initiatives
- 7.7 Haas Automation, Inc.
- 7.7.1 Company overview
- 7.7.2 Financial performance
- 7.7.3 Product benchmarking
- 7.7.4 Strategic initiatives
- 7.8 Hurco Companies, Inc.
- 7.8.1 Company overview
- 7.8.2 Financial performance
- 7.8.3 Product benchmarking
- 7.8.4 Strategic initiatives
- 7.9 Okuma Corporation
- 7.9.1 Company overview
- 7.9.2 Financial performance
- 7.9.3 Product benchmarking
- 7.9.4 Strategic initiatives
- 7.10 Shenyang Machine Tool Co., Ltd. (SMTCL)
- 7.10.1 Company overview
- 7.10.2 Product benchmarking
- 7.11 Yamazaki Mazak Corporation
- 7.11.1 Company overview
- 7.11.1 Financial performance
- 7.11.2 Product benchmarking
- 7.11.3 Strategic initiatives
- 7.12 List of Prominent Market Players