Asia Pacific Computer Numerical Control Machines Market Size & Outlook
Asia Pacific computer numerical control machines market, 2017-2030 (US$M)
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Asia Pacific computer numerical control machines market highlights
- The Asia Pacific computer numerical control machines market generated a revenue of USD 25,711.5 million in 2023.
- The market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, lathe machines was the largest revenue generating type in 2023.
- Milling Machines is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 25,711.5 million |
| Market revenue in 2030 | USD 60,794.0 million |
| Growth rate | 13.1% (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 |
| Key market players worldwide | AMADA Co Ltd, Amera-Seiki, Dmg Mori Co Ltd, General Technology Group Dalian Machine Tool Co., Datron AG, Fanuc Corp, Haas Automation, Hurco Companies Inc, Mitsubishi Electric Corp, Okuma Corp, Yamazaki Mazak |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.5% of the global computer numerical control machines market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 60,794.0 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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Asia Pacific 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 28.89% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The increased focus on infrastructural development and digitization of industries in the Asia Pacific region is expected to fuel the growth of the CNC machines market over the next eight years.China accounts for a large market share which is attributed to the presence of large number of machine tool manufacturers in the country.
The nations in Asia Pacific region conduct conferences and trade fairs in order to exchange their views on the latest technologies in the market and their impact on trade across borders. For instance, the Smart Manufacturing Asia conference was arranged in April 2017 at Singapore to discuss benefits of digitization and automation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific computer numerical control machines market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific computer numerical control machines market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific computer numerical control machines market size, by country, 2017-2030 (US$M)
Asia Pacific Computer Numerical Control Machines Market Outlook Share, 2023 & 2030 (US$M)
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