Computer Numerical Control Machines Market Forecasted to Grow at Steady Pace During 2022-2030: Grand View Research Inc.

 Computer Numerical Control Machines Market Growth & Trends

The global computer numerical control machines market size is projected to reach USD 132.93 billion by 2030, registering a CAGR of 10.2% from 2022 to 2030, according to a new study by Grand View Research, Inc. The market demand is expected to reach over 2,800 thousand units by 2030. The growth can be ascribed to an increase in the need for automated and high-precision computer numerical control (CNC) machines, which is anticipated to drive market growth over the forecast period. Growing preference from conventional three-axis machines to 4-axis and 5-axis machines are also expected to bode well for the market growth over the next few years.

Shortage of skilled expertise and increasing labor costs in developed economies, particularly in Europe and the U.S., have been primary concerns for the OEMs. Therefore, the need for automated machines in metalworking and other general manufacturing industries is likely to create the demand for automated CNC machines over the forecast period. Increasing raw material prices and shortage of components owing to supply chain disruptions are also presumed to hinder the market growth over the next few years.

From the supply side, OEMs are upgrading their product offering by improving technical capabilities with Computer-Aided Design & Computer-Aided Manufacturing (CAD/CAM) latest software tools. The trend is also presumed to support market growth over the forecast period. The integrated CAD/CAM software with CNC machines enable OEMs to offer customers to manufacture defect-free finished products, improve productivity, and accelerate the production of complex product designs at reduced time. CNC manufacturers and software vendors collaborate in this space to enhance their existing product portfolio. For instance, in December 2020, CNC Software Inc., one of the CAD/CAM software solutions providers (now part of Sandvik Group), developed 5-axis Post Processor for FANUC Corporation's CNC machines. The product launch envisages Fanuc Corporation’s customers to increase their productivity using CNC machines tools.

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Computer Numerical Control Machines Market Report Highlights

• By 2030, the demand for milling machines is anticipated to reach around 500 thousand units. The growth can be attributed to the rising popularity of multi-axis milling machines in the aerospace and automotive industries
• Increasing demand for electric vehiclesis expected to create the need for CNC machines in the automotive segment. Hence, the segment is expected to register a CAGR exceeding 12% over the forecast period
• The rapid growth in the industrial sector, notably the metalworking and semiconductor manufacturing industries, is projected to drive growth in the Asia Pacific regional market. It is projected to record the highest CAGR of 13.0% from 2022 to 2030

Access Press Release@ https://www.grandviewresearch.com/press-release/global-computer-numerical-controls-cnc-machines-market

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:

CNC Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

• Lathe Machines
• Milling Machines
• Laser Machines
• Grinding Machines
• Welding Machines
• Winding Machines
• Others

CNC Machines End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

CNC Machines Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Mexico
  • Rest of Latin America
• Middle East & Africa

List of Key Players in the Computer Numerical Control Machines Market

• 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.
• Yamazaki Mazak Corporation

About Grand View Research

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.