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 |
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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.
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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