Global Computer Numerical Control Machines Market Size & Outlook
Global computer numerical control machines market, 2017-2030 (US$M)
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Global computer numerical control machines market highlights
- The global computer numerical control machines market generated a revenue of USD 66,742.5 million in 2023 and is expected to reach USD 132,925.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.3% by 2030.
- In terms of segment, lathe machines accounted for a revenue of USD 19,253.3 million in 2023.
- Milling Machines is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 66,742.5 million |
| Market revenue in 2030 | USD 132,925.7 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Lathe machines |
| Fastest growing segment | Milling Machines |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines |
Other key industry trends
- In terms of revenue, the North America accounted for 14.6% of the global computer numerical control machines market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 4,023.1 million by 2030.
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Computer Numerical Control Machines Market Scope
Computer Numerical Control Machines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global computer numerical control machines market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to computer numerical control machines market will help companies and investors design strategic landscapes.
Lathe machines was the largest segment with a revenue share of 28.85% in 2023. Horizon Databook has segmented the Global computer numerical control machines market based on lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines covering the revenue growth of each sub-segment from 2017 to 2030.
In numerous manufacturing companies across the globe, the number of jobs/workpieces produced every hour is a crucial topic, as that determines the productivity of the organization. Any alteration in the productivity schedule costs the companies billions of dollars.
The use of CNC for machining operation reduces the time required for machining components as it is an automated process. Once the machinist feeds codes into the computer, the machines operate accordingly and there is no need for continuous supervision.
By the year 2020, it is expected that 62% of the production equipment should be connected by network in order to perform the operations smoothly with minimal human interventions. Technological advancements have resulted in development of software and applications that allow managers to track the activities carried out on the shop floor by the operators.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global computer numerical control machines market , including forecasts for subscribers. This global databook contains high-level insights into Global computer numerical control machines market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global computer numerical control machines market size, by regions, 2017-2030 (US$M)
Top 10 countries: Computer numerical control machines market size, 2023 (US$M)
Global computer numerical control machines market share, by type, 2023 & 2030 (%, US$M)
Computer numerical control machines market: Opportunity assessment by country
Global computer numerical control machines market, by region, 2023 (US$M)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9,083.9 | 9,565.4 | 9,588.6 | 8,263.9 | 8,506.0 | 9,012.1 | 9,733.0 | 10,554.4 | 11,503.2 | 12,491.3 | 13,551.7 | 14,675.1 | 15,847.6 | 17,082.0 | 8.4% |
| Europe | 19,292.5 | 20,779.8 | 21,117.3 | 17,858.0 | 18,218.1 | 19,563.5 | 21,246.5 | 23,307.6 | 25,540.3 | 27,897.4 | 30,423.2 | 33,101.7 | 35,916.7 | 38,917.2 | 9.0% |
| Asia Pacific | 20,693.7 | 21,968.8 | 22,438.1 | 19,994.7 | 20,721.5 | 22,860.9 | 25,711.5 | 29,195.2 | 33,221.1 | 37,652.5 | 42,562.1 | 48,026.8 | 54,077.9 | 60,794.0 | 13.1% |
| Latin America | 4,444.1 | 4,642.2 | 4,708.5 | 3,925.5 | 3,957.7 | 4,142.6 | 4,388.3 | 4,686.0 | 5,024.9 | 5,360.7 | 5,730.2 | 6,116.5 | 6,507.5 | 6,907.3 | 6.7% |
| MEA | 5,937.9 | 6,208.1 | 6,125.0 | 4,966.2 | 4,997.6 | 5,316.5 | 5,663.2 | 6,075.0 | 6,531.3 | 7,038.3 | 7,552.8 | 8,090.0 | 8,645.1 | 9,225.3 | 7.2% |
| Overall | 59,452.1 | 63,164.3 | 63,977.5 | 55,008.3 | 56,400.9 | 60,895.5 | 66,742.5 | 73,818.2 | 81,820.8 | 90,440.1 | 99,820.1 | 110,010.1 | 120,994.7 | 132,925.7 | 10.3% |
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