Global Computer Numerical Control Machines Market

Computer Numerical Control Machines Market by End-users (Power & Energy, Aerospace & Defense, Industrial, Automotive, Construction Equipment, and Others), Types (Welding Machines, Lathe Machines, Laser Machines, Winding Machines, Milling Machines, Grinding Machines, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-3302
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 202
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The global computer numerical control machines market size was valued at USD 71.43 billion in 2020 and is projected to reach USD 126.24 billion by 2028, expanding at a CAGR of 7.3% during the forecast period, 2021-2028. The growth of the market is attributed to the growing need of minimizing error and operating cost of machine components.

Global Computer Numerical Control Machines Market summary

Computer numerical control (CNC) machines are innovative technology that automatically control machine tools by using software embedded in a computer. CNC machines use pre-programed computer-aided design software for automated control of machines and eliminate the need of operator to be present at the time of manufacturing. Most machines work based on 3-axis control processor and X, Y, and Z axes are fixed accordingly their length of travel with high accuracy. This allows machines to work with range of motions guided by software. As soon as CNC machine is activated, the targeted machine control is programmed into the software and dictated to corresponding machinery and tools, which carry out the tasks as per the commands.

The COVID-19 pandemic had considerable impact on the market. During the pandemic, the rate of installing machines and sales were low due to temporary shutdown of manufacturing units, breakage of supply chain, and trade disruptions. However, the need of CNC machine was escalated due to increased production of medical equipment, sanitizers, and mask amidst the pandemic.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising need of production efficiency and mass production across industries are key factors driving the market growth.
  • Growing trend of automated machines especially in the manufacturing units of the industrial sector is projected to drive the market expansion during the forecast period.
  • Escalating cost of purchase and installation of CNC machines are key restraining factors, which is likely to hamper the market growth during the projected timeline.
  • Increasing price of the raw material provided by third party service provider acts as a major challenge that can restrict the market growth in the coming years.
  • Integrating of advanced technology such as Internet of Things and Artificial Intelligence (AI) with CNC machine software for automation is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global computer numerical control machines market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Computer Numerical Control Machines Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Power & Energy, Aerospace & Defense, Industrial, Automotive, Construction Equipment, and Others), and Types (Welding Machines, Lathe Machines, Laser Machines, Winding Machines, Milling Machines, Grinding Machines, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Amera Seiki Corp.; Datron AG; Dalian Machine Tool Group Corp.; Okuma Corp.; Hurco Companies, Inc.; Amada Co., Ltd.; Fanuc Corp.; DMG Mori; Haas Automation, Inc.; Yamazaki Mazak Corp.; and Shenyang Machine Tool Co., Ltd.

Market Segment Insights

Industrial segment is expected to grow at a rapid pace

Based on end-users, the global computer numerical control machines market is divided into power & energy, aerospace & defense, industrial, automotive, construction equipment, and others. The industrial segment is expected to grow at a rapid pace during the forecast period attributed to growing technological advancements such as robotics, AI, and Machine Learning (ML). These advancements are leading to automated and efficient production in the industrial sector. However, the automotive segment is anticipated to expand at a substantial CAGR during the forecast period due to growing product demand from manufactures for mass production in minimal cost and time. Furthermore, key players in the automotive sector are installing CNC machines for high volume production, which is projected to accelerate the segment growth further.

Global Computer Numerical Control Machines Market end-users

Myriad number of applications drive the lathe machine segment

On the basis of types, the market is segmented into welding machines, lathe machines, laser machines, winding machines, milling machines, grinding machines, and others. The lathe machines segment is expected to account for a major market share during the projected timeline owing to ease of operation and their myriad number of applications. Moreover, the recent variation in lathe machines include five to six control process that can be used for providing better finish and producing fine cuts. On the other hand, the laser machine segment is projected to expand a considerable CAGR during the forecast period due to growing demand of digitalization in manufacturing process and automated metal cutting process.

Global Computer Numerical Control Machines Market types

Asia Pacific is anticipated to constitute a key market share

In terms of region, the global computer numerical control machines market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to supportive government initiatives for spreading awareness about latest technologies in manufacturing. Moreover, the presence of major key players in the region is further accelerating the market growth. However, the North America market is anticipated to grow at a rapid pace during the forecast period due to rising use of machine tools for metal working facilities and increasing adoption of advanced technologies by major economies in the region.

Global Computer Numerical Control Machines Market region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Computer Numerical Control Machines Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Computer Numerical Control Machines Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Computer Numerical Control Machines Market - Supply Chain
  4.5. Global Computer Numerical Control Machines Market Forecast
     4.5.1. Computer Numerical Control Machines Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Computer Numerical Control Machines Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Computer Numerical Control Machines Market Absolute $ Opportunity
5. Global Computer Numerical Control Machines Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Computer Numerical Control Machines Market Size and Volume Forecast by Types
     5.3.1. Welding Machines
     5.3.2. Lathe Machines
     5.3.3. Laser Machines
     5.3.4. Winding Machines
     5.3.5. Milling Machines
     5.3.6. Grinding Machines
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Computer Numerical Control Machines Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Computer Numerical Control Machines Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Computer Numerical Control Machines Demand Share Forecast, 2019-2026
7. North America Computer Numerical Control Machines Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Computer Numerical Control Machines Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Computer Numerical Control Machines Market Size and Volume Forecast by Types
     7.4.1. Welding Machines
     7.4.2. Lathe Machines
     7.4.3. Laser Machines
     7.4.4. Winding Machines
     7.4.5. Milling Machines
     7.4.6. Grinding Machines
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Computer Numerical Control Machines Demand Share Forecast, 2019-2026
8. Latin America Computer Numerical Control Machines Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Computer Numerical Control Machines Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Computer Numerical Control Machines Market Size and Volume Forecast by Types
     8.4.1. Welding Machines
     8.4.2. Lathe Machines
     8.4.3. Laser Machines
     8.4.4. Winding Machines
     8.4.5. Milling Machines
     8.4.6. Grinding Machines
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Computer Numerical Control Machines Demand Share Forecast, 2019-2026
9. Europe Computer Numerical Control Machines Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Computer Numerical Control Machines Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Computer Numerical Control Machines Market Size and Volume Forecast by Types
     9.4.1. Welding Machines
     9.4.2. Lathe Machines
     9.4.3. Laser Machines
     9.4.4. Winding Machines
     9.4.5. Milling Machines
     9.4.6. Grinding Machines
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Computer Numerical Control Machines Demand Share Forecast, 2019-2026
10. Asia Pacific Computer Numerical Control Machines Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Computer Numerical Control Machines Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Computer Numerical Control Machines Market Size and Volume Forecast by Types
     10.4.1. Welding Machines
     10.4.2. Lathe Machines
     10.4.3. Laser Machines
     10.4.4. Winding Machines
     10.4.5. Milling Machines
     10.4.6. Grinding Machines
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Computer Numerical Control Machines Demand Share Forecast, 2019-2026
11. Middle East & Africa Computer Numerical Control Machines Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Computer Numerical Control Machines Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Computer Numerical Control Machines Market Size and Volume Forecast by Types
     11.4.1. Welding Machines
     11.4.2. Lathe Machines
     11.4.3. Laser Machines
     11.4.4. Winding Machines
     11.4.5. Milling Machines
     11.4.6. Grinding Machines
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Computer Numerical Control Machines Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Computer Numerical Control Machines Market: Market Share Analysis
  12.2. Computer Numerical Control Machines Distributors and Customers
  12.3. Computer Numerical Control Machines Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Amera Seiki Corp.
     12.4.2. Datron AG
     12.4.3. Dalian Machine Tool Group Corp.
     12.4.4. Okuma Corp.
     12.4.5. Hurco Companies, Inc.
     12.4.6. Amada Co., Ltd.
     12.4.7. Fanuc Corp.
     12.4.8. DMG Mori

Segments Covered in the Report
The global computer numerical control machines market has been segmented on the basis of
End-users

  • Power & Energy
  • Aerospace & Defense
  • Industrial
  • Automotive
  • Construction Equipment
  • Others

Types

  • Welding Machines
  • Lathe Machines
  • Laser Machines
  • Winding Machines
  • Milling Machines
  • Grinding Machines
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Amera Seiki Corp.
  • Datron AG
  • Dalian Machine Tool Group Corp.
  • Okuma Corp.
  • Hurco Companies, Inc.
  • Amada Co., Ltd.
  • Fanuc Corp.
  • DMG Mori
  • Haas Automation, Inc.
  • Yamazaki Mazak Corp.
  • Shenyang Machine Tool Co., Ltd.

 

Key players competing in the global computer numerical control machines market are Amera Seiki Corp.; Datron AG; Dalian Machine Tool Group Corp.; Okuma Corp.; Hurco Companies, Inc.; Amada Co., Ltd.; Fanuc Corp.; DMG Mori; Haas Automation, Inc.; Yamazaki Mazak Corp.; and Shenyang Machine Tool Co., Ltd.

Companies are focusing on investment in R&D for new product development and update existing product portfolio to boost their market share. Furthermore, companies are widely engaging in strategic partnership and merger & acquisitions to develop technological advance CNC machines for acquiring new buyers or expand their consumer base worldwide. For instance, in April 2019, Preferred Networks, Inc. in collaboration with Fanuc Corp. developed an AI Servo Monitor that allowed to gather control data from feed axis and spindle axis with fast sampling. In January 2020, Amada Co., Ltd. established an R&D facility entitled Amada AI Innovation Laboratory Inc. (AAIIL) in Tokyo, Japan. The aim of R&D facility was to carry out research activities to acquire cutting-edge technology based on AI and surge the company's growth.

Global Computer Numerical Control Machines Market keyplayers

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