Computer Numerical Control Machines Market To Reach $132.93 Billion By 2030

Computer Numerical Control Machines Market Growth & Trends

The global computer numerical control machines market size is expected to reach USD 132.93 billion by 2030, according to the recent reports of Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2023 to 2030. One of the primary drivers behind the global growth of Computer Numerical Control (CNC) machines is their ability to automate manufacturing processes. CNC 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 computer numerical control machine market recovered well in 2022 due to increased machine orders across the industries, notably from Europe, Asia Pacific, and North America. In 2021, the market recorded positive growth owing to the pent-up demand and backlog orders resulting from the pandemic. Also, rapid technological advancement by major players in order to acquire new customers is 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.

Technological advancements are driving the use of computer numerical control machines in development of highly intricate models/components with a definitive finish. This has subsequently led to a rise in implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. Integration of CNC machines with computer-aided manufacturing (CAM) helps in reducing the time required for manufacturing of work pieces and enables hassle-free production of components.

One of the primary restraints for computer numerical control machines is the high initial investment required to acquire and set up these advanced manufacturing systems. CNC machines involve significant costs for procurement, installation, and training. This financial barrier may limit their adoption, especially for small and medium-sized enterprises (SMEs) with limited budgets. As a result, the high capital expenditure associated with CNC machines market can hinder their widespread use in certain regions or industries

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Computer Numerical Control Machines Market Report Highlights

• Based on type, the lathe machines segment held the leading share of over 28.0% in 2022. The growth of the segment can be attributed to availability of 5-axis operation machinery that increases flexibility, reduces operation time, and avoids collision

• Moreover, the milling machines segment is estimated to post the highest CAGR of 12.0% over the forecast period.One of the major driving factors behind milling machines' global growth is the increasing emphasis on industrial automation and technological advancements

• The industrial segment accounted for largest market share approximately 26.0% 2022 One of the primary driving forces behind the industrial sector's adoption of CNC machines is the desire for increased automation and improved efficiency

• The automotive sector is expected to register the highest CAGR of nearly 12.0% over the forecast period. The automotive sector has always been at the forefront of technological advancements, continuously striving for precision, efficiency, and innovation

• The Asia Pacific region accounted for exceeding 36.0% of the overall market share in 2022 and is expected to register highest CAGR of nearly 13.0% over the forecast period. The CNC machines sales to reach over 800 thousand units in 2023 and will be double by 2030. The region has witnessed significant technological advancements, which have contributed to the proliferation of CNC machines

• Key participants in the market are Amada Co., Ltd.; DMTG Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki Mazak Corporation, among several others. For instance, in February 2021, CITIZEN MACHINERY CO., LTD. announced the launch of a Sliding Headstock Type Automatic CNC Lathe machine named Cincom L32 XII. Cincom L32 XII features enable complex shapes machining such as implants used in medical treatment as well as simultaneously perform multiple functions

Computer Numerical Control Machines Market Segmentation

Grand View Research has segmented the global computer numerical control machines market based on type, end-use, and region:

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

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • U.A.E.

  • Saudi Arabia

  • South Africa

List of Key Players in the Computer Numerical Control Machines Market

• 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.

• YAMAZAKI MAZAK CORPORATION.