CNC Machines Market Size, Share to Witness Unprecedented Growth Through 2024-Industry News

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Nov 19, 2020 (Market Insight Reports) —
Selbyville, Delaware. The report CNC Machines Market Size and Analysis maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides CNC Machines Market Growth and information corresponding to market segments such as geographies, product type, application, and end-use industry.

The Global CNC Machines Market size is anticipated to reach USD 106.54 billion by 2026 according to a new report published by the marker research report.

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The leading players in Computer Numerical Control Machine Market include Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, GSK CNS Equipment Ltd., Amada Machine Tools Co. Ltd., Haas Automation, Inc., DMG Mori Co., Ltd., Heldenhain GmbH, Sandvik AB, Bosch Rexroth AG, Soft Servo Systems, Inc., and Yamazaki Mazak Corporation among others.

The marker research report has segmented the Computer Numerical Machines Market report in the basis of type, application and region.

CNC Machines Type Outlook (Revenue, USD Billion, 2015 – 2026)

  • Milling Machine

  • Lathe Machine

  • Grinding Machine

  • Welding Machine

  • Winding Machine

  • Laser Machines

  • Others

CNC Machines Application Outlook (Revenue, USD Billion, 2015 – 2026)

  • Industrial

  • Automotive

  • Aerospace and Defense

  • Electronics

  • Others

CNC Machines Regional Outlook (Revenue, USD Billion, 2015 – 2026): North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

In 2018, lathe machine segment dominated the global industry in terms of revenue. Among regions, Asia Pacific will represent region with maximum computer numerical control machine market share during forecast period.

An increasing mechanization drive happening globally in sectors such as healthcare, construction, automotive and oil and gas are expected to support growth. The other factors include high accuracy, greater precision, reduced human errors and increased safety. The rising demand for mass production would boost industry during forecast period. However, restraints in the form of high investment costs pull the market down. Growing demand from emerging economies and technological advancements are factor expected to boost CNC machine market.

Computer numerical control machines are used to automate manufacturing and produce large number of products in verticals such as aerospace, automotive, defense, electronics and healthcare. Increasing demands for energy efficient computer numerical control machines have been on the word go for over the years. Use of energy efficient computer numerical control machine assists in conserving electricity and reducing costs while manufacturing high quality products. Thus, manufacturers would prosper by introducing energy efficient CNC machines along with good prospects for computer numerical control machine market growth.

Asia Pacific generated the highest revenue in 2017 and will do so throughout the forecast period. The presence of emerging sectors such as agriculture, healthcare, finance, construction and automotive, including focus on R&D efforts, and growing need for automation drive growth. Fast industrialization and huge growth of manufacturing industry bolsters growth in the region.

The different types of CNC machines include milling machine, lathe machine, grinding machine, welding and winding machine and others. In 2017, lathe machine segment accounted for largest CNC machine market share. The introduction of multi-axis machine types, ease of operation and high precision foster the adoption of lathe machines. Lathes are used widely in industries such as automobiles, mining, manufacturing, construction and others.

Table of Contents

  1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research Methodology

1.3.1. Primary data sources

1.3.2. Secondary data sources

1.4. Key take-away

1.5. Stakeholders

  1. Executive Summary

2.1. Market Definition

2.2. Market Segmentation

  1. Computer Numerical Control Machine Market Insights

3.1. Computer Numerical Control Machine – Industry snapshot

3.2. Computer Numerical Control Machine – Ecosystem analysis

3.3. Computer Numerical Control Machine Market Dynamics

3.3.1. Computer Numerical Control Machine – Market Forces Computer Numerical Control Machine Market Driver Analysis Computer Numerical Control Machine Market Restraint/Challenges analysis Computer Numerical Control Machine Market Opportunity Analysis

3.4. Industry analysis – Porter’s five force

3.4.1. Bargaining power of supplier

3.4.2. Bargaining power of buyer

3.4.3. Threat of substitute

3.4.4. Threat of new entrant

3.4.5. Degree of competition

3.5. Computer Numerical Control Machine Market PEST Analysis, 2018

3.6. Computer Numerical Control Machine Market Value Chain Analysis

3.7. Computer Numerical Control Machine Industry Trends

3.8. Competitive Ranking Analysis

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