Latin America Computer Numerical Control Machines Market Size & Outlook
Latin America computer numerical control machines market, 2017-2030 (US$M)
Related Markets
Latin America computer numerical control machines market highlights
- The Latin America computer numerical control machines market generated a revenue of USD 4,388.3 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,388.3 million |
| Market revenue in 2030 | USD 6,907.3 million |
| Growth rate | 6.7% (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, Latin America region accounted for 6.6% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Computer Numerical Control Machines Market Scope
Computer Numerical Control Machines Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 28.19% in 2023. Horizon Databook has segmented the Latin America 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 growth in Latin American region is attributed to its emerging economies Brazil, Mexico, and Argentina. These nations account for more than 80% of the growth in the manufacturing sector.
The manufacturing sector in the Latin American region has highest potential for automation and innovation and the government is promoting research and development by funding several organizations in the segment.
The demand for metal cutting and forming tools in Mexico is anticipated to grow at a significant pace owing to the increase in automotive industries and several other manufacturing hubs in the country. The huge potential for companies to establish business and minimum market access barriers by the government is expected to boost establishment of new companies in Mexico.
Reasons to subscribe to Latin America computer numerical control machines market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America computer numerical control machines market databook
-
Our clientele includes a mix of computer numerical control machines market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America computer numerical control machines market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America computer numerical control machines market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America computer numerical control machines market size, by country, 2017-2030 (US$M)
Latin America Computer Numerical Control Machines Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
