Global CNC Router Market Research Report: Information by Type (Stationary Gantry Type, Movable Gantry Type and Cross-feed Unit Type), Product (Plasma, Laser, Water Jet and Metal Tool), Application (Wood Working, Stone Working, Metal Working and others), End-Use Industry (Automotive, Construction, Industrial and others) and Region - Forecast till 2025
The Global CNC Router Market in terms of value is estimated to register 6.14% CAGR during the forecast period.
Asia-Pacific is expected to dominate in the CNC Router market owing to the presence of China, India, and Japan.
In 2018, Europe held the second-largest market share in the global CNC router market, mainly due to the increase in adoption of advanced technology and import and export activities in the region.
The movable gantry type segment held the largest market share in 2018 as movable gantry type is widely used across large industrial applications in the construction, industrial, automotive, and power industries.
The machine is used to control operations in the three axes, which enhances the machine quality and expand its application areas across different industries.