Oct 30, 2023 By Business Wire 8 min read

DUBLIN-(BUSINESS WIRE)-Oct 30, 2023-

The “Computer Numerical Control (CNC) Machines – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global Computer Numerical Control (CNC) Machines market is experiencing substantial growth, with an estimated valuation of US$55.1 billion in 2022. Projections indicate that the market will expand further, reaching a size of US$85.2 billion by 2030, reflecting an impressive Compound Annual Growth Rate (CAGR) of 5.6% over the analysis period from 2022 to 2030. Among the key segments analyzed, the Lathe segment is expected to record a CAGR of 5.7%, reaching a value of US$25.5 billion by the end of the analysis period. The Milling segment is also set to grow at a robust CAGR of 6.9% over the next 8 years.

The U.S. market for CNC Machines is estimated at US$10.4 billion in 2022, while China, the world’s second-largest economy, is projected to reach a market size of US$20 billion by 2030, with an impressive CAGR of 7.2% over the analysis period from 2022 to 2030. Noteworthy growth is expected in Japan and Canada, with each market forecasted to grow at 4% and 4.7%, respectively, over the 2022-2030 period. In Europe, Germany is expected to achieve a CAGR of approximately 4.5%. The Asia-Pacific region is anticipated to experience substantial growth, led by countries such as Australia, India, and South Korea, with the market forecasted to reach US$15.3 billion by 2030.

Key Highlights:

• Lathe Segment to Record a 5.7% CAGR, Reaching US$25.5 Billion.
• Milling Segment Expected to Grow at a 6.9% CAGR.
• China Forecasted to Reach US$20 Billion by 2030 with a 7.2% CAGR.
• Germany to Grow at a CAGR of Approximately 4.5%.
• Asia-Pacific Market Set to Reach US$15.3 Billion by 2030.

Competitive Landscape:

The CNC Machines market features a competitive landscape with several prominent players. Some of the key competitors in the market include:

• Amada Co., Ltd.
• Dalian Machine Tool Group Corporation
• DMG Mori AG
• FANUC Corporation
• Haas Automation, Inc.
• Hurco Companies, Inc.
• Shenyang Machine Tools Co., Ltd.
• Yamazaki Mazak Corporation

Key Attributes:

Report Attribute	Details
No. of Pages	771
Forecast Period	2022 – 2030
Estimated Market Value (USD) in 2022	$55.1 Billion
Forecasted Market Value (USD) by 2030	$85.2 Billion
Compound Annual Growth Rate	5.6%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Wide-ranging Benefits Fueling Demand for CNC Machine Tools
• CNC Machines Find Application in Wide Spectrum of Application Areas
• Market Trends Influencing the Global CNC Machines Market
• Technology Refinements Boost Demand for Numerical Control (NC) Machines
• Demand for Precision Components Spurs Investment Opportunities
• Global Precision Parts Market for the Years 2022, 2024, 2026 & 2028 (In US$ Million)
• Industry 4.0 and its Impact on Computer Numerical Control Machines Industry
• World Industry 4.0 Market by Vertical (2020 & 2027)
• Artificial Intelligence in CNC Manufacturing and Industry 4.0
• AI Eliminates Guesswork and Improves Learning for CNC Machines
• Reshoring Drives Growth Prospects in Developed Markets
• Automotive Production in Developing Countries Augurs Well for Computer Numerical Control (CNC) Machines
• CNC Machining: Key Part Applications
• Recap of COVID-19 Impact on the Automotive Industry in 2020
• Global Automobile Production (In Million Units) for the Years 2011 – 2022E
• Outlook Remains Positive
• Switch to Electric Vehicles (EVs) May Affect Demand of CNC Machines
• Global Electric Vehicle Sales in 000 Units: 2019-2025
• Aerospace Industry: COVID-19 Plays Spoilsport to Airlines Market Affecting the CNC Machines Industry
• Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
• Emphasis on Specialized Aerospace Materials to Spur Demand for Sophisticated CNC Machine Tools
• Overcoming Aerospace Machining Challenges with the Right Machining Tools
• Global Aerospace Parts Manufacturing Market (In US$ Billion) for Years 2022, 2024 and 2026
• Heavy Equipment/Machinery Manufacturing Industry Promises Bright Prospects
• Technology Trends Shaping the Future of Manufacturing Sector
• Developments in Renewable Energy Help Spur Market Opportunities
• Global Energy Generation Mix (in %) for 2018 and 2050
• Recovery in Construction Activity Offers Growth Opportunities
• Global Construction Spending (in US$ Trillion) for the Years 2020-2028
• Percentage Share of Construction Spending by Region – 2021
• Pandemic Effect on the Construction Industry
• Global Construction Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025
• Steady Growth Anticipated for Multitasking Machine Tools
• Robotic-Assisted Technology and Automation Spurs Growth
• CNC Machining Remains the Most Popular Subtractive Manufacturing Technology
• A Review of Latest Developments in CNC Machinery Technology
• Steady Growth Predicted for Metal Cutting Machines Market over the Long Term
• Surging Automation in End-Use Industries Drive Growth in the Global Lathe Machines Market
• Strong Opportunities in Orthopedic Implant Manufacturing over the Long Term
• Advanced Grinding Techniques Spearhead Growth
• Shortage of Skilled Labor Drives Automation Trends in Grinding Machinery
• Digitalization and the Future of Machining
• As Digitalized CNC Machining Gains Momentum, Control Systems Feel the Pressure to Scale Up

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6nwdxt

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PUB: 10/30/2023 12:42 PM/DISC: 10/30/2023 12:43 PM

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