Computer Numerical Control Machine Market Report 2023: Popularity of Automated CNC Systems Drives Growth

Computer Numerical Control Machine Market

Dublin, April 26, 2023 (GLOBE NEWSWIRE) -- The "Computer Numerical Control Machine Market Share, Size, Trends, Industry Analysis Report, By Type , By Application, By Region, Segment Forecast, 2023 - 2032" report has been added to ResearchAndMarkets.com's offering.The global computer numerical control (CNC) machine market size is expected to reach USD 152.68 billion by 2032, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth. The rise in demand for automated, high-precision computer numerical control (CNC) machines may be attributed to the expansion, which is expected to propel market growth throughout the course of the projected period. The preference for 4-axis and 5-axis machines over traditional three-axis machines is also anticipated to favor market expansion over the coming years.For the OEMs, a lack of trained personnel and rising labor costs in developed nations, notably in Europe and the United States, have been their top priorities. Therefore, during the course of the projected period, there will likely be a demand for automated CNC machines due to the necessity for automated machines in the metalworking and other general manufacturing industries. Over the coming years, it is also anticipated that rising raw material costs and a lack of components due to supply chain disruptions may restrain market expansion.OEMs are modernizing their product offerings from the supply side by strengthening their technical skills with the most recent CAD/CAM software solutions. Additionally, the tendency is expected to boost market expansion during the anticipated time frame. OEMs can provide consumers with the ability to create completed goods without defects, increase productivity, and hasten the creation of complicated product designs in a shorter amount of time to the integration of CAD/CAM software with CNC machines. In this area, CNC makers and software providers work together to expand their current product offerings.For instance, in December 2020, 5-axis Post Processor for CNC machines from FANUC Corporation was created by CNC Software Inc., one of the CAD/CAM software solution suppliers (now a part of Sandvik Group). With the help of CNC machines and equipment, clients of Fanuc Corporation are expected to boost their productivity.Computer Numerical Control (CNC) Machine Market Report Highlights

Lathe machine segment dominated the global industry in terms of revenue. The need for CNC lathe machines to produce customized components including cylinder heads, starter motors, gearboxes, and other prototype applications is anticipated to increase from the automobile industry.

The automotive segments held the largest share. The demand for automobile manufacturers by relaxing time to carry out jobs of mass production over forecast period is portending growth for CNC Machines Market.

Asia Pacific generated the highest revenue in 2022 and will do so throughout the forecast period. The presence of industries that are increasing, such as agriculture, healthcare, finance, construction, and automotive, as well as a focus on R&D projects and a rising need for automation, are the main drivers of growth. Rapid industrialization and the massive growth of the manufacturing sector are key factors in the region's success.

The publisher has segmented the computer numerical control (CNC) machine market report based on type, application, and region:Computer Numerical Control (CNC) Machine, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Milling

Lathe

Grinding

Welding

Winding

Laser

Others

Computer Numerical Control (CNC) Machine, Application (Revenue - USD Billion, 2019 - 2032)

Industrial

Automotive

Aerospace and Defense

Electronics

Others

Computer Numerical Control (CNC) Machine, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Key Attributes:

Report Attribute

Details

No. of Pages

115

Forecast Period

2023 - 2032

Estimated Market Value (USD) in 2023

$64.7 billion

Forecasted Market Value (USD) by 2032

$152.68 billion

Compound Annual Growth Rate

10.0%

Regions Covered

Global

Key Topics Covered: 1. Introduction2. Executive Summary3. Research Methodology4. Global Computer Numerical Control (CNC) Machine Market Insights4.1. Computer Numerical Control (CNC) Machine Market - Industry Snapshot4.2. Computer Numerical Control (CNC) Machine Market Dynamics4.2.1. Drivers and Opportunities4.2.1.1. Popularity of Automated CNC Systems4.2.1.2. Demand for EV Productions4.2.2. Restraints and Challenges4.2.2.1. High cost associated with the purchasing of these machines5. Global Computer Numerical Control (CNC) Machine Market, by Type6. Global Computer Numerical Control (CNC) Machine Market, by Application7. Global Computer Numerical Control (CNC) Machine Market, by Geography8. Competitive Landscape9. Company ProfilesCompanies Mentioned

Fanuc Corporation

Mitsubishi Electric Corporation

Siemens AG

GSK CNS Equipment Ltd.

Amada Machine Tools Co. Ltd.

Haas Automation Inc.

DMG Mori Co. Ltd.

Heldenhain GmbH

Sandvik AB

Bosch Rexroth AG

Soft Servo Systems Inc.

Yamazaki Mazak Corporation

For more information about this report visit https://www.researchandmarkets.com/r/jqh4cd

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Computer Numerical Control Machine Market