logo
logo
Sign in

Computer Numerical Control Machines Market Competitive Landscape Report to 2030

avatar
Henry Paul

Computer Numerical Control Machines Market Growth & Trends

 

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, according to a new study by Grand View Research, Inc. 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.

 

China CNC Machines Market Size, by Type, 2020 - 2030 (USD Billion)

 

Computer Numerical Control Machines Market Segmentation

 

Grand View Research has segmented the global computer numerical control machines market based on type, end-use, and region:

 

Based on the Type Insights, the market is segmented into Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, and Others.

  • The CNC lathe machines segment accounted for USD 16.11 billion in 2021 and is expected to register a CAGR exceeding 10% over the forecast period. Growing demand for CNC lathe machines from the automotive sector to manufacturer customized parts such as cylinder heads, starter motors, gearboxes, and other prototyping applications are expected to drive market growth over the next mid-term. Furthermore, technological advancements in existing CNC lathe systems with new features used for various applications are expected to bode well for the market growth.
  • The CNC laser machines demand is expected to surpass over 650 thousand units by 2030, registering a CAGR of 9.0% over the forecast period. The increasing demand for CNC laser cutting machines by semiconductor manufacturing companies to address ongoing semiconductor shortages across the industries is expected to drive the segment growth over the forecast period. Additionally, the rising popularity of CNC fiber laser cutting machines in kitchenware and sheet metal processing industries is expected to bode well for market growth over the coming years.

 

Based on the End-use Insights, the market is segmented into Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, and Others.

  • The industrial segment accounted for more than one-fourth of the market share in 2021 and is projected to reach over 30 billion by 2030. The industrial segment is inclusive of general manufacturing industries that include packaging, electronics, medical, and other general industries. Increasing demand for fully automated and turnkey CNC machines to ramp up production to meet backlogs from 2020 is expected to drive growth over the forecast period.
  • The surge in EV sales coupled with the increase in demand for the processing of ultra-precision parts for EVs is expected to bode well for the growth of the automotive segment over the forecast period. The demand for customized automotive components such as crankshafts, cylinder heads, motor pumps is expected to further support the market growth. In light of these factors, the need for CNC machines in the automotive segment is expected to reach over USD 25 billion in 2030.

 

Computer Numerical Control Machines Regional Outlook

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

 

Key Companies Profile & Market Share Insights

 

The CNC machines market is turning out to be competitive. The market is characterized by a few established manufacturers and several small-scale regional manufacturers. The incumbents such as Fanuc Corporation, DMG Mori Co. Ltd, and Okama are investing aggressively in R&D efforts to introduce new, innovative, high-precision machine tools and enter into different application segments as part of the efforts to retain the existing customers while attracting new ones.

 

Some of the prominent players operating in the global computer numerical control machines market include,

 

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

 

Order a free sample PDF of the Computer Numerical Control Machines Market Intelligence Study, published by Grand View Research.

collect
0
avatar
Henry Paul
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more