CNC is the short form for Computer Numerical control. We have seen that the NC machine works as per the program of instructions fed into the controller unit of the machine. The CNC machine comprises of the mini computer or the microcomputer that acts as the controller unit of the machine. While in the NC machine the program is fed into the punch cards, in CNC machines the program of instructions is fed directly into the computer via a small board similar to the traditional keyboard.
Market Analysis and Insights: Global CNC Machine Market
Due to the COVID-19 pandemic, the global CNC Machine market size is estimated to be worth US$ 22350 million in 2022 and is forecast to a readjusted size of US$ 31790 million by 2028 with a CAGR of 6.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, CNC Lathe accounting for % of the CNC Machine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Machinery manufacturing segment is altered to an % CAGR throughout this forecast period.
Global CNC machine key players include Yamazaki Mazak, DMG Mori Seiki, TRUMPF, etc. Global top 5 manufacturers hold a share about 45%.
Europe is the largest market, with a share over 40%, followed by APAC and America, have a share about 55 percent.
In terms of product, CNC lathe is the largest segment, with a share about 65%. And in terms of application, the largest application is automobile, followed by machinery manufacturing, aerospace & defense, etc.
Global CNC Machine Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global CNC Machine Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
CNC Lathe
CNC Milling Machine
CNC Grinding machine
Others
Segment by Application
Machinery manufacturing
Automobile
Aerospace & Defense
Others
By Company
Yamazaki Mazak
DMG Mori Seiki
TRUMPF
Okuma Corporation
JTEKT Corporation
Makino
GROB-WERKE
Doosan Machine Tools
Haas Automation
GF Machining Solutions
EMAG
Hyundai WIA
Chiron Group
Hermle
Fair Friend Group
Starrag Group
INDEX-Werke
Nidec Machine Tool Corporation
Hardinge Group
Hurco
Haitian Precision
TORNOS
Qinchuan
Rifa Precision
Production by Region
North America
Europe
China
Japan
South Korea
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina