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.
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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
Computer Numerical
Control Machines Market Segmentation
Grand View Research has
segmented the global computer numerical control machines market based on type,
end-use, and region:
CNC Machines Type
Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
CNC Machines
End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
CNC Machines
Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Mexico
- Rest of Latin America
- Middle East & Africa
List of Key
Players in the Computer Numerical Control Machines Market
- 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.
- Yamazaki Mazak Corporation
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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.
For more info visit @ https://www.grandviewresearch.com
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