DUBLIN--(BUSINESS WIRE)--The "Computer Numerical Control Machines Market Size, Share & Trends Analysis Report by Type (Laser Machines, Milling Machines, Laser Machines), by End Use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
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
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
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 CNC Machines Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
2.2 Global CNC Machines Market, 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
3.5 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
4.3 Milling Machines
4.4 Laser Machines
4.5 Grinding Machines
4.6 Welding Machines
4.7 Winding Machines
Chapter 5 CNC Machines End Use Outlook
5.1 CNC Machines Market Share by End Use, 2021 & 2030 (USD Billion)
5.2 Automotive
5.3 Aerospace & Defense
5.4 Construction Equipment
5.5 Power & Energy
5.6 Industrial
Chapter 6 CNC Machines Regional Outlook
6.1 CNC Machines Market Share by Region, 2020
6.1 CNC machines market, 2018 - 2030 (USD Billion, Thousand Units)
6.2 CNC machines market, by type, 2018 - 2030 (USD Billion, Thousand Units)
6.3 CNC machines market, by end-use, 2018 - 2030
Chapter 7 Competitive Landscape
- Amada Machine Tools Co., Ltd.
- Amera Seiki
- DMG Mori Co., Ltd.
- Dalian Machine Tool Group (DMTG) Corporation
- Datron AG
- FANUC CORPORATION
- Haas Automation, Inc.
- Hurco Companies, Inc.
- Okuma Corporation
- Shenyang Machine Tool Co., Ltd. (SMTCL)
- Yamazaki Mazak Corporation
For more information about this report visit https://www.researchandmarkets.com/r/k4u53k
