Middle East & Africa Computer Numerical Control Machines Market Size & Outlook
Middle East & Africa computer numerical control machines market, 2017-2030 (US$M)
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MEA computer numerical control machines market highlights
- The MEA computer numerical control machines market generated a revenue of USD 5,663.2 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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.
MEA data book summary
| Market revenue in 2023 | USD 5,663.2 million |
| Market revenue in 2030 | USD 9,225.3 million |
| Growth rate | 7.2% (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, MEA region accounted for 8.5% 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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Middle East & Africa 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 29.51% in 2023. Horizon Databook has segmented the Middle East & Africa 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 MEA region has a lot of untapped potential for manufacturing sector, owing to which it is expected to witness lucrative growth over the next eight years.
The growing adoption of internet and automation in the region is anticipated to boost the development of new technologies that enable integration of artificial intelligence and machine learning to produce fruitful results.
The South African region is relatively less developed in manufacturing sector, and usually imports machines from U.S. and China. The Machine Tool Merchants Association of South Africa caters to all the manufacturing needs of the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa computer numerical control machines market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa computer numerical control machines market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Computer Numerical Control Machines Market Outlook Share, 2023 & 2030 (US$M)
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