The global CNC
machines market size is anticipated to reach USD 100.9 billion by
2025, according to a new report by Grand View Research, Inc., rising at a CAGR
of 6.8% over the forecast period. Increasing need for reducing operating costs,
manpower, and errors in components is likely to stoke the growth of the market.
Technological advancements are driving the use of CNC
machines in development of highly intricate models/components with a definitive
finish. This has subsequently led to a rise in implementation of CNC technology
in lathe, milling, laser, grinding, and welding machines. Integration of CNC
machines with computer-aided manufacturing (CAM) helps in reducing the time
required for manufacturing of work pieces and enables hassle-free production of
components.
Commercial demand for advanced, compact-sized CNC
machines with automatic tool changers and multi axis machining technology is on
a rise. Several large manufacturing units and plants are increasingly adopting
CNC lathes to perform operations such as cutting, drilling, knurling,
deformation, facing, and turning operations.
Various milling tools such as Poly Crystalline Diamond
(PCD) tools and solid carbide tools are being introduced in the market. These
tools offer increased efficiency and versatility while performing operations at
the shop floor. These new tools also offer durability, resistance toward high
temperatures, and enable better machining with reduction in vibrations, wear,
and noise.
Browse full research report on Computer Numerical Control (CNC) Machine Market: https://www.grandviewresearch.com/industry-analysis/computer-numerical-controls-cnc-market
Further
key findings from the study suggest:
- The global CNC machines market is anticipated to expand at a CAGR
of 6.8% over the forecast period, owing to reduction in cycle time,
reduced wastage, and increased efficiency
- The lathe machines segment held the leading share of over 27% in
2016. The growth of the segment can be attributed to availability of
5-axis operation machinery that increases flexibility, reduces operation
time, and avoids collision
- The milling machines segment is estimated to post the highest CAGR
of 9.5% during the forecast period, owing to features such as
multi-functionality and reduced time requirement
- The industrial segment is poised to dominate the market until 2025
and reach a valuation of USD 25.17 billion
- The Asia Pacific region is projected to witness significant growth
over the forecast period, owing to increasing number of manufacturing
units
- Key participants in the market are Amada Co., Ltd.; DMTG
Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki Mazak
Corporation, among several others.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the global CNC machines market based on type, end
use, and region:
CNC
Machines Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Lathe Machines
- Milling
Machines
- Laser
Machines
- Grinding
Machines
- Welding
Machines
- Winding
Machines
- Others
CNC
Machines End-use Outlook (Revenue, USD Billion, 2014 - 2025)
- Automotive
- Aerospace
& Defense
- Construction
Equipment
- Power &
Energy
- Industrial
- Others
CNC
Machines Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- Asia Pacific
- China
- India
- Japan
- Latin America
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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