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Computer Numerical Control Machines Market Report, 2030GVR Report cover
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Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Lathe Machines, Milling Machines, Laser Machines), By End-use (Automotive, Industrial, Construction Equipment), By Region, And Segment Forecasts, 2023 - 2030
- Report ID: GVR-2-68038-077-4
- Number of Report Pages: 129
- Format: PDF, Horizon Databook
- Historical Range: 2018 - 2023
- Forecast Period: 2023 - 2030
- Industry: Semiconductors & Electronics
Market Size & Trends
The global computer numerical control machines market size was valued at USD 66.74 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. The widespread adoption of computer numerical control (CNC) machines can be attributed owing to their ability to automate manufacturing processes. Computer numerical control machines can execute complex tasks with high precision and consistency, reducing human error and labor costs. These machines can work continuously, 24/7, significantly improving productivity and efficiency in various industries, such as automotive, aerospace, and electronics.
The CNC machines market recovered well in 2022 due to increased machine orders across industries, especially from North America. Asia Pacific, and Europe. In 2022, the market recorded positive growth owing to the pent-up demand and backlog orders resulting from the pandemic. Furthermore, technological advancements are expected to drive the growth of CNC machines. These machines are becoming more sophisticated, incorporating features such as multi-axis capabilities, improved spindle speeds, advanced tooling options, and real-time monitoring systems. The integration of Internet of Things (IoT) technology and Artificial Intelligence (AI) further enhances their capabilities, enabling predictive maintenance, adaptive machining, and data-driven optimizations.
One significant restraint is the substantial initial investment needed to acquire and establish these advanced manufacturing systems. CNC machines entail significant costs for procurement, installation, and training, creating a financial barrier that can impede their adoption, particularly among Small and Medium-sized Enterprises (SMEs) with constrained budgets. The high capital expenditure associated with CNC machines may restrict their widespread utilization in specific industries or regions.
Additionally, computer numerical control machines market is anticipated to face challenges due to the escalation of raw material prices and an impending shortage of semiconductors used in these machines. The market conditions are expected to drive an increase in demand for used CNC machines, thereby impeding the growth of the market for new CNC machines. This trend is projected to persist throughout the forecast period. Over the long term, fluctuations in raw material prices are expected to result in an upward trend in the average unit prices of CNC machines.
According to Grand View Research analysis the demand for computer numerical control machines is estimated to reach over 2,800 thousand units by 2030. The computer numerical control machines market growth is anticipated to be fueled by the rising demand for semiconductor production equipment, Electric Vehicles (EV), medical devices, and telecom communication devices. Additionally, the increasing need for five-axis mill machines and ultra-precision machines to cater to the requirements of EV manufacturing is expected to drive further growth.
The computer numerical control machines market is anticipated to experience growth in the forecast period, driven by the integration of automated CNC systems with industrial robots and simulation software to enhance production. The adoption of automated CNC machines is primarily motivated by the need to overcome the challenges posed by the scarcity of skilled labor in various industries. This enables manufacturing sectors to improve efficiency and maximize production output. To meet this demand, key players in the industry, such as Fanuc Corporation and OKAMA America Corporation, are focused on integrating new technologies into their existing product portfolios.
For instance, in March 2021, FANUC America Corporation announced to upgrade its CNC portfolio by integrating the rapid as well as Simple Startup of Robotization (QSSR) G-code feature with ss. The company delivers improved computer numerical control machines that machine operators and tool builders to program the robots more efficiently through this integration. Likewise, in August 2021, Made4CNC ApS, announced the launch of a an automated door opener for CNC machines named Safedoor SD100. Safedoor SD100 integrates easily with collaborative robots and offers greater convenience for tending machine operations.
Market Concentration & Characteristics
Industry growth stage is medium, and pace of the industry growth is accelerating. The computer numerical control machines industry is characterized by a significant degree of innovations such as use the Internet of Things (IoT) and Machine Learning (ML) into controllers, allowing operators and supervisors to remotely control the machines using software applications compatible with PCs and smart devices.
The industry is also characterized by a high level of new product launch activity by the leading companies. These are focusing on launching the technologies that offer features, such as connectivity between computers, CNC machines, and software solutions that allow remote monitoring of the CNC machines through PCs.
The CNC machines industry is also subject to significant regulatory considerations. The regulations are essential for manufacturers and users to ensure product safety, legal compliance, and reliability. Different countries have their set of rules that must be adhered to by the companies operating in the country.
The threat of substitutes for CNC is low in the industry. The automated CNC machines integrated with the latest software and technology have already substituted the conventional manual machining techniques and are delivering higher efficiency and productivity. Hence, the threat of substitutes can be considered low in the current global scenario.
End-user concentration is a high factor in the CNC machines industry. End-user industries include construction, industrial, and automobile manufacturing, among others. End-users are favoring machines that can perform multiple operations, reduce idle time and downtimes, and offer high degree of automation.
Type Insights
Based on type, the CNC lathe machines segment accounted for largest market share of over 28.0% in 2022. The segment growth of CNC lathe machines is anticipated to be fuelled by the increasing demand from the automotive sector. This demand is driven by the need to manufacture customized parts like cylinder heads, gearboxes, starter motors, and for prototyping applications. Additionally, the segment is expected to benefit from technological advancements in existing CNC lathe systems. The incorporation of new features to cater to diverse applications is expected to contribute positively to the segment growth.
The CNC milling machines demand is expected to register highest CAGR of nearly 12.0% over forecast period. The global growth of milling machines can be attributed to factors such as the growing emphasis on industrial automation and advancements in technology. The emergence of Industry 4.0 and the integration of advanced technologies like artificial intelligence, machine learning, and robotics have transformed milling machines into intelligent and efficient tools capable of executing intricate tasks. Automation reduces the need for human intervention, leading to increased productivity, enhanced accuracy, and seamless integration within manufacturing processes.
End-use Insights
The industrial segment accounted for largest market share of approximately 26.0% in 2022. The industrial sector's adoption of CNC machines is driven by the aim to achieve greater automation and improved efficiency. These machines can execute intricate manufacturing tasks with minimal human intervention, resulting in heightened productivity and reduced production times. Moreover, the industrial segment encompasses various manufacturing industries such as packaging, electronics, medical, and others. The growing demand for fully automated and turnkey CNC machines, aimed at addressing production backlogs from 2020, is expected to drive segment growth over the forecast period.
Moreover, the automotive sector is expected to register highest CAGR of nearly 12.0% over the forecast period. The automotive sector has consistently been a pioneer in technological advancements, driven by the pursuit of precision, efficiency, and innovation. The growing popularity of electric vehicles (EVs) and the rising demand for processing ultra-precision parts for EVs are anticipated to positively impact the growth of the automotive segment. The increasing demand for customized automotive components like crankshafts, cylinder heads, and motor pumps is also expected to contribute to market growth. Consequently, the automotive sector's requirement for CNC machines is anticipated to drive the segment's growth over the forecast period.
Regional Insights
The CNC machines market in North America accounted for a market share of 14.5% in 2023.This growth is driven by CNC machine's increasing need for advanced machining solutions to meet the demands of evolving operations. The demand for CNC machines in North America is due to the emphasis on precision and efficiency in metalworking processes within the mining industry.
U.S. CNC Machines Market Trends
The U.S. CNC machines market is experiencing significant growth, driven by various technological advancements, economic factors, and industrial shifts. Digitalization and connectivity are driving factors in the CNC machines market, with manufacturers incorporating digital technologies such as cloud computing, IoT, and data analytics into CNC systems to enhance equipment effectiveness.
Europe CNC Machines Market Trends
The CNC machines market in Europe holds a market share of 31.8% in 2023. The demand for the CNC machine region is driven due to growing technological advancements in the manufacturing sector. Besides, continuous innovation and research have led to the development of cutting-edge CNC machines with enhanced capabilities. The growth is driven by Germany, Italy, France, and Central and Eastern European countries.
The CNC machines market in Germany is projected to grow at a CAGR of 9.2% from 2024 to 2030. The ongoing technological advancement within the German automotive industry is encouraging automotive manufacturers towards the integration of CNC machines, as they prove to be indispensable tools in meeting the increasing demand for sophisticated and precisely crafted automotive components.
UK CNC machines market is driven by the increasing adoption of CNC machines by the mining sector. This adoption is driven by the industry's rising focus on improving the productivity and accuracy of operational processes. As mining operations continue to evolve, there is a rise in the reliance on CNC machines to optimize production processes. The overarching trend of incorporating CNC technology into mining operations aligns with the broader global shift towards automation, as companies seek cost-effective and operationally efficient solutions.
The CNC machines market in France witnessing considerable growth from 2024 to 2030. In France, the growing energy sector is driving the demand for CNC machines. CNC machines play a critical role in manufacturing parts and components for the power sector and the oil & gas industry. Parts, such as turbines for power plants and wind farms, need to be machined with very high accuracy and precision.
Asia Pacific CNC Machines Market Trends
The CNC machines market in Asia Pacific was valued at USD 25.7 billion in 2023. The region has witnessed significant technological advancements, which have contributed to the proliferation of CNC machines. The demand is ascribed to the surge in manufacturing outsourcing services for industrial equipment, low operational costs, and the abundance of low-cost raw materials that drive the demand for manufacturing outsourcing, thereby increasing the number of CNC machine sales in upcoming years. Furthermore, the region has experienced rapid industrialization and a substantial expansion of the manufacturing sector.
China CNC machines market is projected to grow at a CAGR of 6.3% from 2024 to 2030. The China CNC machines is experiencing developments within the construction equipment industry, characterized by a discernible increase in the application of CNC machines. This shift is driven by the rising need for advanced machining solutions within the construction equipment sector. CNC machines are proving to be valuable tools due to their versatility and ability to produce precision components essential for manufacturing construction equipment. The efficiency offered by CNC machines aligns with the sector's focus on improving the quality and reliability of construction machinery.
The CNC machines market in India is driven by to increasing demand for customized and specialized components in the power generation and energy sector. The ability of CNC machines to develop intricate designs and produce high-precision parts aligns with the industry's need for tailored solutions.
Japan CNC machines market is increasing due to the rising emphasis on efficiency in production processes within the Aerospace and defense sector in Japan. CNC machines contribute by streamlining manufacturing operations, thereby responding to the increasing demands for innovation and reliability of products developed for aerospace and defense sector.
MEA CNC Machines Market Trends
The CNC machines market in the Middle East and Africa (MEA) region is anticipated to reach USD 9.23 billion by 2030. The rising adoption of CNC machines in the mining industry is fuelled by the need for enhanced productivity and accuracy in metal fabrication processes. As mining operations continue to expand, there is a growing reliance on CNC machines to streamline production, minimize errors, and improve overall output.
Saudi Arabia CNC machines market is driven by the growing mining industry in the country. The expanding mining activities in Saudi Arabia have increased the adoption of advanced technologies to enhance operational efficiency and precision in metalworking processes. Furthermore, the government initiatives to boost the manufacturing sector, such as the Saudi Vision 2030 program, have encouraged investments in technology and automation, including CNC machines.
Key Companies & Market Share Insights
Some of the key players operating in the market include OKUMA Corporation; Haas Automation, Inc; YAMAZAKI MAZAK CORPORATION.; Hurco Companies, Inc.; Mitsubishi Electric Corporation; and FANUC CORPORATION.
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Okuma Corporation engaged in manufacturing of CNC machines. The company has 2 manufacturing plants and 11 sales service offices operated by its subsidiaries. Okuma Corporation invests heavily in R&D and innovations to gain a competitive advantage and create opportunities for long-term growth prospects.
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FANUC Corporation is a technology company that provides factory automation products globally. The company has 30 manufacturing facilities and 263 sales and service offices serving 108 countries in Asia Pacific, the Americas, Europe, Oceania, and South Africa.
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AMADA MACHINERY CO., LTD.; Amera Seiki; DMG MORI CO., LTD.; General Technology Group Dalian Machine Tool Corporation; DATRON AG; and Shenyang Machine Tool Part Co., Ltd. are some of the emerging market participants in the computer numerical control machines market.
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Amada Machine Tools Co., Ltd. engaged in development, manufacturing, and sales of machine tools, stamping press machines, and metal cutting machines. The company has 7 manufacturing facilities and over 200 sales offices worldwide. The company has offices across Europe, North America, and Asia.
- DMG Mori Co., Ltd. serves sectors such as transportation, healthcare, food, and garments across Asia Pacific, Middle East & Africa, Europe, and the Americas. The company has 14 production facilities and 30 sales and services offices. It has more than 150,000 existing customers across the globe.
Key Computer Numerical Control Machines Companies:
- AMADA MACHINERY CO., LTD.
- Amera Seiki
- DMG MORI CO., LTD.
- General Technology Group Dalian Machine Tool Corporation
- DATRON AG
- FANUC CORPORATION
- Haas Automation, Inc
- Hurco Companies, Inc.
- Mitsubishi Electric Corporation
- OKUMA Corporation
- Shenyang Machine Tool Part Co., Ltd.
- YAMAZAKI MAZAK CORPORATION.
Recent Developments
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In September 2023, DMG MORI CO., LTD. announced the acquisition of KURAKI, a CNC machine manufacturer. Through the acquisition former company aims to expand the demand for CNC horizontal boring as well as milling machines by incorporating digitalization and automation technologies.
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In August 2023, OKUMA Corporation launched an next-generation machine control - Okuma OSP-P500. The product is equipped with dual-core computer processors that deliver improved levels of machine processing power. It is also equipped with Digital Twin Technology, which allows high-precision machining simulations to be produced on a computer.
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In April 2023, Mitsubishi Electric India CNC partnered with SolidCAM, a Computer Aided Manufacturing (CAM) software provider. Through the partnership, SolidCAM deliver a range of machining solutions which involves high-speed roughing as well as finishing for several industries, such as Medical, Die & Mold, Auto & Aerospace parts, Machine Element parts, among others.
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In July 2022, DMG Mori Co. Ltd., announced the establishment of its new subsidiary “WALC Inc.” to enhance the manufacturing sector's digital transformation through the development of cutting-edge AI, IoT, and cloud computing technology.
Computer Numerical Control Machines Market Report Scope
Report Attribute
Details
Market size value in 2023
USD 66.74 billion
Revenue forecast in 2030
USD 132.93 billion
Growth rate
CAGR of 10.3% from 2023 to 2030
Actual data
2018 - 2023
Forecast period
2024 - 2030
Quantitative units
Volume in thousand units, Revenue in USD billion, and CAGR from 2023 to 2030
Report coverage
Volume forecast, Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Type, end-use, region
Regional scope
North America; Europe; Asia Pacific; Latin America; MEA
Country scope
U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, U.A.E., Saudi Arabia, South Africa
Key companies profiled
AMADA MACHINERY CO., LTD.; Amera Seiki; DMG MORI CO., LTD.; General Technology Group Dalian Machine Tool Corporation; DATRON AG; FANUC CORPORATION; Haas Automation, Inc; Hurco Companies, Inc.; Mitsubishi Electric Corporation; OKUMA Corporation; Shenyang Machine Tool Part Co., Ltd.; and YAMAZAKI MAZAK CORPORATION.
Customization scope
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Global Computer Numerical Control Machines Market Report Segmentation
The report forecasts revenue growth at global, regional, and country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global computer numerical control machines market report on the basis of type, end-use, and region:
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Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
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Lathe Machines
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Milling Machines
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Laser Machines
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Grinding Machines
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Welding Machines
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Winding Machines
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Others
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End-use Outlook (Revenue, USD Billion, 2018 - 2030)
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Automotive
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Aerospace & Defense
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Construction Equipment
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Power & Energy
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Industrial
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Others
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Region Outlook (Revenue, USD Billion, 2018 - 2030)
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North America
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U.S.
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Canada
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Europe
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U.K.
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Germany
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France
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Italy
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Spain
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Asia Pacific
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China
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India
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Japan
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Australia
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South Korea
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Latin America
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Brazil
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Mexico
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Argentina
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Middle East & Africa (MEA)
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U.A.E.
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Saudi Arabia
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South Africa
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Frequently Asked Questions About This Report
b. The global computer numerical control machines market size was estimated at USD 60.90 billion in 2022 and is expected to reach USD 66.74 billion in 2023.
b. The global computer numerical control machines market is expected to grow at a compound annual growth rate of 10.3% from 2023 to 2030 to reach USD 132.93 billion by 2030.
b. The Asia Pacific dominated the owing to the need for efficient and precise manufacturing processes across various industries, including electronics, aerospace, medical devices, and automotive.
b. Some key players operating in the CNC machines market include AMADA MACHINERY CO., LTD.; Amera Seiki; DMG MORI CO., LTD.; General Technology Group Dalian Machine Tool Corporation; DATRON AG; FANUC CORPORATION; Haas Automation, Inc; Hurco Companies, Inc.; OKUMA Corporation; Shenyang Machine Tool Part Co., Ltd.; and YAMAZAKI MAZAK CORPORATION.
b. Key factors that are driving the CNC machines market growth include owing to their ability to automate manufacturing processes, growing demand for higher productivity & reduction in downtime, and increasing demand for mass production from the industrial sector.
Table of Contents
Chapter 1. Computer Numerical Control Machines Market: Methodology and Scope
1.1. Research Methodology
1.2. Information Procurement
1.2.1. Purchased database.
1.2.2. GVR's internal database
1.2.3. Secondary sources & third - party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Computer Numerical Control Machines Market: Executive Summary
2.1. Computer Numerical Control Machines Market Snapshot, 2023 & 2030
2.2. Type Segment Snapshot, 2023 & 2030
2.3. End-use Segment Snapshot, 2023 & 2030
2.4. Competitive Landscape Snapshot, 2023 & 2030
Chapter 3. Computer Numerical Control Machines Market: Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Computer Numerical Control Machines Market - Value Chain Analysis
3.3. Computer Numerical Control Machines Market - Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.4. Industry Analysis Tools
3.4.1. Computer Numerical Control Machines Market - Porter's Analysis
3.4.2. Computer Numerical Control Machines Market - PESTEL Analysis
Chapter 4. Computer Numerical Control Machines Market Type Outlook
4.1. Computer Numerical Control Machines Market Share by Type, 2023 & 2030 (USD Billion) (Thousand Units)
4.2. Lathe Machines
4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
4.3. Milling Machines
4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
4.4. Laser Machines
4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
4.5. Grinding Machines
4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
4.6. Welding Machines
4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
4.7. Winding Machines
4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
4.8. Others
4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion) (Thousand Units)
Chapter 5. Computer Numerical Control Machines Market End-use Outlook
5.1. Computer Numerical Control Machines Market Share by End-use, 2023 & 2030 (USD Billion)
5.2. Automotive
5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
5.3. Aerospace & Defense
5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
5.4. Construction Equipment
5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
5.5. Power & Energy
5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
5.6. Industrial
5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
5.7. Others
5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
Chapter 6. Computer Numerical Control Machines Market: Regional Outlook
6.1. Computer Numerical Control Machines Market Share by Region, 2023 & 2030 (USD Billion)
6.2. North America
6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.2.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.2.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.2.4. U.S.
6.2.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.2.4.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.2.4.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.2.5. Canada
6.2.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.2.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.2.5.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.3. Europe
6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.3.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.3.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.3.4. UK
6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.3.4.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.3.4.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.3.5. Germany
6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.3.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.3.5.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.3.6. France
6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.3.6.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.3.6.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.3.7. Italy
6.3.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.3.7.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.3.7.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.3.8. Spain
6.3.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.3.8.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.3.8.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.4.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.4.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.4.4. China
6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.4.4.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.4.4.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.4.5. India
6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.4.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.4.5.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.4.6. Japan
6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.4.6.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.4.6.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.4.7. Australia
6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.4.7.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.4.7.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.4.8. South Korea
6.4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.4.8.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.4.8.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.5. Latin America
6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.5.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.5.4. Brazil
6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.5.4.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.5.4.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.5.5. Mexico
6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.5.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.5.5.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.5.6. Argentina
6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.5.6.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.5.6.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.6. Middle East & Africa
6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.6.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.6.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.6.4. U.A.E.
6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.6.4.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.6.4.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.6.5. Saudi Arabia
6.6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.6.5.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.6.5.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
6.6.6. South Africa
6.6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Billion)
6.6.6.2. Market Estimates and Forecast by Type, 2018 - 2030 (USD Billion) (Thousand Units)
6.6.6.3. Market Estimates and Forecast by End-use, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Share Analysis, 2023
7.3. Company Heat Map Analysis
7.4. Strategy Mapping
7.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
7.5.1. AMADA MACHINERY CO., LTD.
7.5.1.1. Company Overview
7.5.1.2. Financial Performance
7.5.1.3. Product Benchmarking
7.5.1.4. Recent Developments
7.5.2. Amera Seiki
7.5.2.1. Company Overview
7.5.2.2. Financial Performance
7.5.2.3. Product Benchmarking
7.5.2.4. Recent Developments
7.5.3. DMG MORI CO., LTD.
7.5.3.1. Company Overview
7.5.3.2. Financial Performance
7.5.3.3. Product Benchmarking
7.5.3.4. Recent Developments
7.5.4. General Technology Group Dalian Machine Tool Corporation
7.5.4.1. Company Overview
7.5.4.2. Financial Performance
7.5.4.3. Product Benchmarking
7.5.4.4. Recent Developments
7.5.5. DATRON AG
7.5.5.1. Company Overview
7.5.5.2. Financial Performance
7.5.5.3. Product Benchmarking
7.5.5.4. Recent Developments
7.5.6. FANUC CORPORATION
7.5.6.1. Company Overview
7.5.6.2. Financial Performance
7.5.6.3. Product Benchmarking
7.5.6.4. Recent Developments
7.5.7. Haas Automation, Inc
7.5.7.1. Company Overview
7.5.7.2. Financial Performance
7.5.7.3. Product Benchmarking
7.5.7.4. Recent Developments
7.5.8. Hurco Companies, Inc.
7.5.8.1. Company Overview
7.5.8.2. Financial Performance
7.5.8.3. Product Benchmarking
7.5.8.4. Recent Developments
7.5.9. Mitsubishi Electric Corporation
7.5.9.1. Company Overview
7.5.9.2. Financial Performance
7.5.9.3. Product Benchmarking
7.5.9.4. Recent Developments
7.5.10. OKUMA Corporation
7.5.10.1. Company Overview
7.5.10.2. Financial Performance
7.5.10.3. Product Benchmarking
7.5.10.4. Recent Developments
7.5.11. Shenyang Machine Tool Part Co., Ltd.
7.5.11.1. Company Overview
7.5.11.2. Financial Performance
7.5.11.3. Product Benchmarking
7.5.11.4. Recent Developments
7.5.12. YAMAZAKI MAZAK CORPORATION.
7.5.12.1. Company Overview
7.5.12.2. Financial Performance
7.5.12.3. Product Benchmarking
7.5.12.4. Recent Developments
List of Tables
Table 1 Computer numerical control machines market - Industry snapshot & key buying criteria, 2018 - 2030
Table 2 Global computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 3 Global computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 4 Global computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 5 Global computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 6 Vendor landscape
Table 7 Lathe Machines computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 8 Lathe Machines computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 9 Lathe Machines computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 10 Milling Machines computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 11 Milling Machines computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 12 Milling Machines computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 13 Laser Machines computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 14 Laser Machines computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 15 Laser Machines computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 16 Grinding Machines computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 17 Grinding Machines computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 18 Grinding Machines computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 19 Welding Machines computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 20 Welding Machines computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 21 Welding Machines computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 22 Winding Machines computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 23 Winding Machines computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 24 Winding Machines computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 25 Others computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 26 Others computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 27 Other computer numerical control machines market, by region, 2018 - 2030 (Thousand Units)
Table 28 Automotive computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 29 Automotive computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 30 Aerospace & Defense computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 31 Aerospace & Defense computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 32 Construction Equipment computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 33 Construction Equipment computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 34 Power & Energy computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 35 Power & Energy computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 36 Industrial computer numerical control machines services market, 2018 - 2030 (USD Billion)
Table 37 Industrial computer numerical control machines services market, by region, 2018 - 2030 (USD Billion)
Table 38 Others computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 39 Others computer numerical control machines market, by region, 2018 - 2030 (USD Billion)
Table 40 North America computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 41 North America computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 42 North America computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 43 North America computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 44 The U.S. computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 45 The U.S. computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 46 The U.S. computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 47 The U.S. computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 48 Canada computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 49 Canada computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 50 Canada computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 51 Canada computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 52 Europe computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 53 Europe computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 54 Europe computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 55 Europe computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 56 Germany computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 57 Germany computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 58 Germany computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 59 Germany computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 60 The U.K. computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 61 The U.K. computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 62 The U.K. computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 63 The U.K. computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 64 France computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 65 France computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 66 France computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 67 France computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 68 Italy computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 69 Italy computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 70 Italy computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 71 Italy computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 72 Spain computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 73 Spain computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 74 Spain computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 75 Spain computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 76 Asia Pacific computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 77 Asia Pacific computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 78 Asia Pacific computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 79 Asia Pacific computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 80 China computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 81 China computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 82 China computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 83 China computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 84 India computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 85 India computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 86 India computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 87 India computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 88 Japan computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 89 Japan computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 90 Japan computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 91 Japan computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 92 Australia computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 93 Australia computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 94 Australia computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 95 Australia computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 96 South Korea computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 97 South Korea computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 98 South Korea computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 99 South Korea computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 100 Latin America computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 101 Latin America computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 102 Latin America computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 103 Latin America computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 104 Brazil computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 105 Brazil computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 106 Brazil computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 107 Brazil computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 108 Mexico computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 109 Mexico computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 110 Mexico computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 111 Mexico computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 112 Argentina computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 113 Argentina computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 114 Argentina computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 115 Argentina computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 116 Middle East & Africa computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 117 Middle East & Africa computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 118 Middle East & Africa computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 119 Middle East & Africa computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 120 The U.A.E. computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 121 The U.A.E. computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 122 The U.A.E. computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 123 The U.A.E. computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 124 Saudi Arabia computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 125 Saudi Arabia computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 126 Saudi Arabia computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 127 Saudi Arabia computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
Table 128 South Africa computer numerical control machines market, 2018 - 2030 (USD Billion)
Table 129 South Africa computer numerical control machines market, by type, 2018 - 2030 (USD Billion)
Table 130 South Africa computer numerical control machines market, by type, 2018 - 2030 (Thousand Units)
Table 131 South Africa computer numerical control machines market, by end-use, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1. Market segmentation and scope
Fig. 2. Computer numerical control machines market, 2018 – 2030 (USD Billion)
Fig. 3. Computer numerical control machines market - Value chain analysis
Fig. 4. Computer numerical control machines market - Market dynamics
Fig. 5. Computer numerical control machines market - Key market driver impact
Fig. 6. Computer numerical control machines market - Key market restraint impact
Fig. 7. Computer numerical control machines market - Key opportunities prioritized.
Fig. 8. Computer numerical control machines market - Porter’s five forces analysis
Fig. 9. Computer numerical control machines market - PESTEL analysis
Fig. 10. Computer numerical control machines market, by type, 2023
Fig. 11. Computer numerical control machines market, by end-use, 2023
Fig. 12. Computer numerical control machines market, by region, 2023
Fig. 13. Computer numerical control machines market - Regional takeaways
Fig. 14. North America computer numerical control machines market - Key takeaways
Fig. 15. Europe computer numerical control machines market - Key takeaways
Fig. 16. Asia Pacific computer numerical control machines market - Key takeaways
Fig. 17. Latin America computer numerical control machines market - Key takeaways
Fig. 18. Middle East & Africa computer numerical control machines market - Key takeawaysMarket Segmentation
- Computer Numerical Control Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Computer Numerical Control Machines End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Computer Numerical Control Machines Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- North America Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- North America Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- U.S.
- U.S. Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- U.S. Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- U.S. Computer Numerical Control Machines Market, by Type
- Canada
- Canada Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Canada Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Canada Computer Numerical Control Machines Market, by Type
- North America Computer Numerical Control Machines Market, by Type
- Europe
- Europe Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Europe Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- U.K.
- U.K. Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- U.K. Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- U.K. Computer Numerical Control Machines Market, by Type
- Germany
- Germany Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Germany Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Germany Computer Numerical Control Machines Market, by Type
- France
- France Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- France Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- France Computer Numerical Control Machines Market, by Type
- Italy
- Italy Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Italy Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Italy Computer Numerical Control Machines Market, by Type
- Spain
- Spain Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Spain Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Spain Computer Numerical Control Machines Market, by Type
- Europe Computer Numerical Control Machines Market, by Type
- Asia Pacific
- Asia Pacific Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Asia Pacific Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- China
- China Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- China Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- China Computer Numerical Control Machines Market, by Type
- India
- India Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- India Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- India Computer Numerical Control Machines Market, by Type
- Japan
- Japan Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Japan Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Japan Computer Numerical Control Machines Market, by Type
- Australia
- Australia Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Australia Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Australia Computer Numerical Control Machines Market, by Type
- South Korea
- South Korea Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- South Korea Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- South Korea Computer Numerical Control Machines Market, by Type
- Asia Pacific Computer Numerical Control Machines Market, by Type
- Latin America
- Latin America Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Latin America Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Brazil
- Brazil Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Brazil Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Brazil Computer Numerical Control Machines Market, by Type
- Mexico
- Mexico Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Mexico Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Mexico Computer Numerical Control Machines Market, by Type
- Argentina
- Argentina Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Argentina Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Argentina Computer Numerical Control Machines Market, by Type
- Latin America Computer Numerical Control Machines Market, by Type
- MEA
- MEA Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- MEA Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- U.A.E.
- U.A.E. Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- U.A.E. Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- U.A.E. Computer Numerical Control Machines Market, by Type
- Saudi Arabia
- Saudi Arabia Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- Saudi Arabia Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- Saudi Arabia Computer Numerical Control Machines Market, by Type
- South Africa
- South Africa Computer Numerical Control Machines Market, by Type
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
- Others
- South Africa Computer Numerical Control Machines Market, by End-use
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
- South Africa Computer Numerical Control Machines Market, by Type
- MEA Computer Numerical Control Machines Market, by Type
- North America
Computer Numerical Control Machines Market Dynamics
Drivers: Demand for Greater Productivity and Decrease in Downtime
In numerous manufacturing companies across the globe, the number of jobs/work pieces 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. To ensure higher productivity and reduction in downtime at workplace, companies have turned towards automation and have adopted CNC technology in their manufacturing units. 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. These machines are equipped with certain preprogrammed functions that reduce the iterative efforts required by traditional machines, and the operator just needs to insert those functions, for instance ‘repeat’, allows the machinist to produce same jobs by just one click. Owing to such benefits, the demand for CNC machines and software is on rise at present and that is anticipated to increase in the future.
Surging Demand for Deduction of Operating Costs
Time is one of the key factors for manufacturing units and the number of jobs produced in the given amount of time determine the plant’s productivity. In order to reduce the operating cost of the unit, the factor that must be taken into consideration is the machining time required by each component. The latest machines that are equipped with 3D printing, CAD, CAM, and CNC technology enable manufacturers to cut down on the machining time to a superior extent. In the recent days, progressions in technology have allowed producers to come up with resolutions that decrease substantial amount of repetitive work, thereby decreasing the machining time. In case, the machining time for one component drops by 5 minutes, the complete time saved during the operation is adequate to manufacture 10 new objects, thereby enhancing productivity and reducing time wastage.
Restraint: High Purchasing and Maintenance Cost of CNC Machines
Although the CNC machines offer a lot of advantages over the traditional machines and the NC machines, but the high costs associated with the CNC machines hinder the market growth. The costs associated with purchasing and installation of the products are high that result in small manufacturing companies being unable to buy the product. In order to operate the CNC machines installed, proper training and skills are required by the machinist to perform the desired tasks. In case of traditional machines, the operators required training regarding technicalities of the machines, while in case of CNC machines, the operators need to be aware of the codes used in the machining of jobs/work pieces. Thereby increasing the expenses for training and hiring trained professionals.
What Does This Report Include?
This section will provide insights into the contents included in this computer numerical control machines market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Computer numerical control machines market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Computer numerical control machines market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
Research Methodology
A three-pronged approach was followed for deducing the computer numerical control machines market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for computer numerical control machines market to gather the most reliable and current information possible.
- We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
- We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
- We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
- We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
- We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of computer numerical control machines market data depending on the type of information we’re trying to uncover in our research.
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Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
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Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
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Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
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Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
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Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
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Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
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This step also entails the finalization of the report scope and data representation pattern.
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Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
Computer Numerical Control Machines Market Categorization:
The computer numerical control machines market was categorized into three segments, namely type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines), end-use (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Segment Market Methodology:
The computer numerical control machines market was segmented into type, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Market research approaches: Bottom-up
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Demand estimation of each product across countries/regions summed up to from the total market.
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Variable analysis for demand forecast.
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Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
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Primary interviews for data revalidation and insight collection.
Market research approaches: Top-down
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Used extensively for new product forecasting or analyzing penetration levels.
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Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
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Primary interviews and vendor-based primary research for variable impact analysis.
Market research approaches: Combined
- This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.
Regional Market Methodology:
The computer numerical control machines market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S., Canada, the UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
Computer numerical control machines market companies & financials:
The computer numerical control machines market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
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Amada Machine Tools Co., Ltd. - Amada Machine Tools Co., Ltd. develops and manufactures Metal Cutting Machines, Machines Tools, and Stamping Press Machines. It is a wholly owned subsidiary of Amada Holdings Co., Ltd. The company’s product portfolio includes Metal Cutting Machines, Stamping Press Machines, Band Saw Blades, Multiprocess center, Grinding Machines, and Structural Steel Machines. Additionally, the company proposes solutions for machine & cutting tools problems and provides after sales services to its customers. The company operates in North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific regions. Its strategic initiatives include new product development and mergers & acquisitions for maintaining a foothold in the market. The company’s dedication toward effective R&D has proven to be conducive for the development of new technologies. In addition to CNC machines, the company also manufactures band saw blades and stamping press machines.
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Amera Seiki - Amera Seiki is a manufacturer of machine tools and accessories. The company’s product offerings include Vertical Bridge Mills, Vertical Bridge Gantry Mills, Vertical Turning Lathes, Vertical Machining Centers, Vertical Closed Bridges, Horizontal Machining Centers, Horizontal Boring Machines, CNC Lathes, and Vertical Travelling Column Mills. Additionally, the company provides after sales service across the U.S. and the spare parts are easily available even at local supply stores. The company also sells pre-owned machines that are in good operating condition.
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DMG Mori Co., Ltd. - DMG Mori Co., Ltd. is a manufacturing company involved in the designing and sales of machine tools, such as 5-axis/multi-axis machines, machining centers, lathes, multi-axis machines, ultrasonic machines, milling machines, and laser metal depositions. The company serves sectors such as transportation, healthcare, food, and garments across Asia Pacific, Middle East & Africa, Europe, and the Americas. The company has 12 manufacturing facilities and 30 sales and services offices. The company operates under the brand name DMG along with its sister company, DMG Mori Seiki AG. The company’s CNC machines catalog includes turning, milling, grinding, and laser tools.
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Dalian Machine Tool Group (DMTG) Corporation - Dalian Machine Tool Group Corporation is a global manufacturer of machine tools and components for rail transportation, engineering machinery, oil drilling, automotive, wind power, and other industries. The company has an international distribution and marketing network across 100 countries in North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific. The company’s product portfolio includes machining center, flexible production lines, bridge type machining center, engraving and milling machine, CNC milling and boring center, CNC lathe, CNC milling machine, conventional lathe, and drilling machine.
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Datron AG - Datron AG is engaged in manufacturing CNC machines. The company’s product portfolio includes CNC Milling Machines, Dental CAD/CAM, CNC Milling Tools, and Dispensing System. The company offers its products to various end-use industries such as automotive, aerospace, watch and jewelry, medical technology, and electronics manufacturing, among others. The company also provides accessories for CNC milling machines. The accessories include high-frequency spindles, tool changing systems, cooling/lubrication systems, sensor systems and automation, clamping systems, pneumatic clamping systems, rotary axes, and chip/dust disposal, among others.
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FANUC CORPORATION - FANUC Corporation is a technology company that provides factory automation products globally. Founded in 1972, the company has 30 manufacturing facilities and 263 sales and service offices serving 108 countries in Asia Pacific, the Americas, Europe, Oceania, and South Africa. The company’s subsidiaries include Fanuc America Corporation, Fanuc Deutschland GmbH, Beijing-Fanuc Mechatronics Co., Ltd., Fanuc Oceania Pty. Ltd., and Fanuc México S.A. de C.V. It operates in three business divisions, namely ROBOT, FA, and ROBOMACHINE. The company provides CNC products under its FA division. FANUC Corporation has adopted the focused R&D strategy in an attempt to gain a sustainable competitive advantage and avail long-term growth opportunities.
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Haas Automation, Inc. - Haas Automation, Inc., is a company that designs, and manufactures CNC machine tools. The company manufactures entire line of CNC vertical machining centers, CNC lathes, horizontal machining centers, and rotary products. They also build various specialty machines, mold making centers, 5-axis machining centers, gantry routers, and toolroom machines. The company’s product portfolio includes a range of CNC Verticals, CNC Horizontals, CNC Lathes, and Rotaries & Indexers. Additionally, they have formed a technical forum that provides the customers with information related to programming, tips & tricks, settings & parameters, tools & tooling, and using the control. The company provides after sales services to its customers along with a 24-hour telephonic service.
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Hurco Companies, Inc. - Hurco Companies, Inc. designs, manufactures and sells CNC machine tools across the globe. The core products offered by the company include vertical machining centers and turning centers (lathes). Majority of the machine tools offered by Hurco are integrated with the company’s proprietary software and computer control systems. Additionally, the company produces and distributes software options, control upgrades, replacement parts and hardware accessories for the machine tools sold by them. The company offers CNC machine tools through three brands namely Hurco, Milltronics, and Takumi. The company operates in North America, Europe, and Asia Pacific. It is a public listed company and listed on NASDAQ as OMX HURC. The company caters to customers from aerospace, military, automotive, computers, electronics, energy, medical equipment, and transportation industries.
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Okuma Corporation - Okuma Corporation is a global manufacturer of NC machine tools such as lathes, multitasking machines, machining centers, grinders, CNC controls, FA products, and servo motors among others. The company product portfolio includes vertical CNC lathes, CNC lathes, CNC lathes for horizontal multitasking machines, aluminum wheel applications, vertical multitasking machines, double-column machining centers, machining centers, and turning centers among others. Along with these products, the company offers after sales services and application system technologies to the users. Okuma serves customers across various sectors such as aviation, automotive, wing and solar power generation, shipping, and medical equipment.
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Shenyang Machine Tool Co., Ltd. (SMTCL) - Shenyang Machine Tool Co., Ltd. (SMTCL) is a manufacturer and solution provider of cutting, milling, boring, and drilling solutions across the globe. The company’s key product offerings include turning and milling centers, horizontal and vertical lathes, machining centers, gantry type machining centers, CNC milling and boring machining centers, pipe thread, hub, sucker rod machines, wheelset, axle, differential case, and flexible machining units among others. The company provides products and solutions to various industries such as, aviation, automobile, coal mine machinery, electronics, shipbuilding, rail transport, engineering machinery, and wind energy industry among others.
Value chain-based sizing & forecasting
Supply Side Estimates
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Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
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Segment revenue determination via variable analysis and penetration modeling.
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Competitive benchmarking to identify market leaders and their collective revenue shares.
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Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
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Identifying parent markets and ancillary markets
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Segment penetration analysis to obtain pertinent
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revenue/volume
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Heuristic forecasting with the help of subject matter experts
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Forecasting via variable analysis
Computer Numerical Control Machines Market Report Objectives:
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Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
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Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
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Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
Computer Numerical Control Machines Market Report Assumptions:
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The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
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The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
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We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
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All market estimates and forecasts have been validated through primary interviews with the key industry participants.
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Inflation has not been accounted for to estimate and forecast the market.
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Numbers may not add up due to rounding off.
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Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
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Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
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Latin America includes Central American countries and the South American continent
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Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
Primary Research
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
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Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
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Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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