Computer Numerical Control Machines Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“CNC Machines Market Size Worth $100.86 Billion By 2025 | CAGR: 7.0%�
The global computer numerical control machines market size is expected to reach USD 100.86 billion by 2025, registering a CAGR of 7.0% from 2019 to 2025, according to a new study by Grand View Research, Inc. The increasing need for reducing the operating costs, manpower, and errors in the components has led to the growth of automation and CNC machines. Technological advancements are driving the use of CNC machines for developing the most intricate models/components with a definitive finish. This has subsequently led to a rise in the implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. The integration of CNC machines with Computer Aided Manufacturing (CAM) is instrumental in reducing the time required for manufacturing of workpieces and enabling hassle-free production of components. The commercial demand for advanced compact size CNC machines with automatic tool changers and multi axis machining technology, is on rise. Numerous large manufacturing units and plants are increasingly adopting CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations, among others. Various milling tools are being introduced in the market, for instance, the Poly Crystalline Diamond (PCD) tools and solid carbide tools. These tools offer increased efficiency and versatility while performing operations at the shop floor. The new tools also offer durability, resistance towards high temperatures, and enable better machining with reduction in vibrations, wear, and noise. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/computer-numerical-controlscnc-market
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Further key findings from the study suggest: • Milling machines is anticipated to emerge as the fastest growing type segment, expanding at the highest CAGR of 9.7% over the next six years, owing to features such as multi-functionality and reduced time requirements of these machines •
Automotive segment is expected to expand at the highest CAGR of 9.7% over the next six years, attributed to growing demand to produce components with fine finish in less time
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Asia Pacific is expected to continue its dominance over the forecast period, attributed to the increasing number of manufacturing units in the region
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Key participants in the CNC machines market are Amada Co.; Ltd.; Amera Seiki; Fanuc Corporation; Datron AG; DMG Mori; Dalian Machine Tool Group (DMTG) Corporation; Haas Automation, Inc.; Okuma Corporation; Shenyang Machine Tool Co., Ltd. (SMTCL); Hurco Companies, Inc.; and Yamazaki Mazak Corporation, among others
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 CNC Machines Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 Global CNC Machines Market, 2014 - 2025 2.2.1 Global CNC machines market, by region, 2014 - 2025 2.2.2 Global CNC machines market, by type, 2014 - 2025 2.2.3 Global CNC machines market, by end use, 2014 - 2025 Chapter 3 Computer Numerical Control (CNC) Machines Market - Industry Outlook 3.1 Market Segmentation and Scope 3.2 Market Size & Growth Prospects 3.3 CNC Machines Market - Value Chain Analysis 3.3.1 Vendor landscape 3.4 CNC Machines Market - Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Demand for higher productivity and reduction in down time 3.4.1.2 Growing demand for reduction of operating costs 3.4.1.3 Increasing demand for mass production from industrial sector 3.4.2 Market challenge analysis
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3.4.2.1 High purchasing and maintenance costs of the CNC machines 3.5 Penetration and Growth Prospect Mapping 3.6 CNC Machines Market - Company Market Share Analysis, 2018 3.6.1 North America market share analysis 3.6.2 Europe challenge market share analysis 3.7 CNC Machines Market - Porter’s Five Forces Analysis 3.8 CNC Machines Market - PESTEL Analysis Chapter 4 Computer Numerical Control (CNC) Machines Type Outlook 4.1 CNC Machines Market Share by Type, 2018 & 2025 4.2 Lathe Machines 4.2.1 CNC lathe machines market, 2014 - 2025 4.3 Milling Machines 4.3.1 CNC milling machines market, 2014 - 2025 4.4 Laser Machines 4.4.1 CNC laser machines market, 2014 - 2025 4.5 Grinding Machines 4.5.1 CNC grinding machines market, 2014 - 2025 4.6 Welding Machines 4.6.1 CNC welding machines market, 2014 - 2025 4.7 Winding Machines 4.7.1 CNC winding machines market, 2014 - 2025 4.8 Others 4.8.1 Other CNC machines market, 2014 – 2025 Continue………………….
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About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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