PUBLISHER: Grand View Research | PRODUCT CODE: 1405031
PUBLISHER: Grand View Research | PRODUCT CODE: 1405031
Europe Computer Numerical Control Machine Market Size, Share & Trends Analysis Report By Type, By End-use, By Country, And Segment Forecasts, 2023 - 2030
Europe Computer Numerical Control Machine Market Growth & Trends:
The Europe computer numerical control machine market size is expected to reach USD 44.16 billion by 2030, expanding at a CAGR of 8.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The rising demand for multi-axis computer numerical control (CNC) machines equipped with automatic tool changers is expected to drive the growth of the market over the forecast period. CNC machines facilitate the production of components in lesser time and with greater accuracy. Advances in automation technology over the past few years have allowed manufacturers to introduce solutions that can potentially reduce a significant amount of repetitive work, and subsequently, the machining time.
Suppliers and buyers are struggling to maintain a seamless flow of goods and services as a result of the outbreak of the COVID-19 pandemic and the subsequent restrictions being imposed as part of the efforts to arrest the spread of coronavirus. Developing countries are particularly facing the direct consequences of supply chain disruptions and restricted trading activities. The outbreak of the pandemic has also resulted in the cancellation of several product launch events in 2020, thereby depriving manufacturers of the opportunity to showcase and market their new products and technologies. However, manufacturers have started convening online events to showcase their new products and technologies. For instance, in August 2020, Biesse Group had hosted the "Inside In Action", a new hybrid, digital, and live online event to bring all divisions onto a common platform.
Europe is considered the hub of automobile production. European countries, such as Germany, Spain, France, and the U.K., are home to some of the largest automobile manufacturers. The strong emphasis on increasing the production capacity of various vehicles, such as cars, trucks, cranes, and carriage vehicles, is expected to drive the growth of the market over the forecast period.
Market players are putting a strong emphasis on strengthening their position in the market and are hence pursuing various strategies, such as new product development, strategic collaborations or joint ventures, and mergers & acquisitions. Most of these strategies are aimed at expanding the geographical reach, tapping untapped geographies, and enhancing the product offerings. For instance, in November 2020, AXYZ Automation Group announced the addition of the new AXYZ Innovator Router to its CNC machine lineup. AXYZ Innovator Router is an entry-level CNC router designed to deliver high performance and precision accuracy and is targeted at prototyping shops, woodworking shops, sign & graphics shops, and educational institutions.
Europe Computer Numerical Control Machine Market Report Highlights:
- The milling machines segment is anticipated to expand at the highest CAGR from 2023 to 2030. The ability of milling machines to perform operations on slots, gears, shafts, spiral surfaces, and several other curved surfaces, is expected to drive the demand for these machines
- The automotive segment is expected to grow significantly over the forecast period owing to the presence of several automotive manufacturers in Europe
- Italy is anticipated to register the highest CAGR from 2023 to 2030. The strong manufacturing industry in Italy, which comprises a few multinational companies and several SMEs, is expected to play a decisive role in driving the growth of the CNC machine market in Italy
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Type
- 1.1.2. End-use
- 1.1.3. Country scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. End-use outlook
- 2.2.3. Country outlook
- 2.3. Competitive Insights
Chapter 3. Europe Computer Numerical Control Machine Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Computer Numerical Control Machine Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's Five Forces
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic Landscape
- 3.4.2.4. Social Landscape
- 3.4.1. Industry Analysis - Porter's Five Forces
Chapter 4. Europe Computer Numerical Control Machine Market: Type Estimates & Trend Analysis
- 4.1. Europe Computer Numerical Control Machine Market: Key Takeaways
- 4.2. Europe Computer Numerical Control Machine Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Lathe Machines
- 4.3.1. Lathe machines market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.4. Milling Machines
- 4.4.1. Milling machines market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.5. Laser Machines
- 4.5.1. Laser machines market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.6. Grinding Machines
- 4.6.1. Grinding machines market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.7. Welding Machines
- 4.7.1. Welding machines market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.8. Winding Machines
- 4.8.1. Winding machines market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.9. Others
- 4.9.1. Others market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 5. Europe Computer Numerical Control Machine Market: End-use Estimates & Trend Analysis
- 5.1. Computer Numerical Control Machine Market: Key Takeaways
- 5.2. Computer Numerical Control Machine Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Automotive
- 5.3.1. Automotive market estimates and forecasts, 2017 to 2030 (USD Billion)
- 5.4. Aerospace & Defense
- 5.4.1. Aerospace & defense market estimates and forecasts, 2017 to 2030 (USD Billion)
- 5.5. Construction Equipment
- 5.5.1. Construction equipment market estimates and forecasts, 2017 to 2030 (USD Billion)
- 5.6. Power & Energy
- 5.6.1. Power & energy market estimates and forecasts, 2017 to 2030 (USD Billion)
- 5.7. Industrial
- 5.7.1. Industrial market estimates and forecasts, 2017 to 2030 (USD Billion)
- 5.8. Other
- 5.8.1. Other market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 6. Europe Computer Numerical Control Machine Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Computer Numerical Control Machine Market by Region: Key Takeaway
- 6.3. Europe
- 6.3.1. Europe Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 6.3.3. Germany
- 6.3.3.1. Germany Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 6.3.4. Italy
- 6.3.4.1. Italy Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 6.3.5. France
- 6.3.5.1. France Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 6.3.6. RoE
- 6.3.6.1. RoE Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. AMADA MACHINERY CO., LTD.
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. AMERA.SEIKI
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. DMG MORI CO., LTD.
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. General Technology Group Dalian Machine Tool Co., Ltd.
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. FANUC CORPORATION
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Haas Automation, Inc.
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. Hurco Companies, Inc.
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Okuma Corporation
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. Shenyang Machine Tool Part Co., Ltd.
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. Yamazaki Mazak Corporation
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives
- 7.2.1. AMADA MACHINERY CO., LTD.
List of Table
Table 1 List of abbreviations
Table 2 Europe computer numerical control machine market, by type, 2017 - 2030 (USD Billion)
Table 3 Europe computer numerical control machine market, by end-use, 2017 - 2030 (USD Billion)
Table 4 Europe computer numerical control machine market, by region, (USD Billion) 2017 to 2030
Table 5 Germany computer numerical control machine market, by type, 2017 - 2030 (USD Billion)
Table 6 Germany computer numerical control machine market, by end-use, 2017 - 2030 (USD Billion)
Table 7 UK computer numerical control machine market, by type, 2017 - 2030 (USD Billion)
Table 8 UK computer numerical control machine market, by end-use, 2017 - 2030 (USD Billion)
Table 9 Italy computer numerical control machine market, by type, 2017 - 2030 (USD Billion)
Table 10 Italy computer numerical control machine market, by end-use, 2017 - 2030 (USD Billion)
Table 11 France computer numerical control machine market, by type, 2017 - 2030 (USD Billion)
Table 12 France computer numerical control machine market, by end-use, 2017 - 2030 (USD Billion)
Table 13 RoE computer numerical control machine market, by type, 2017 - 2030 (USD Billion)
Table 14 RoE computer numerical control machine market, by end-use, 2017 - 2030 (USD Billion)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Europe Computer numerical control machine: Market outlook
- Fig. 9 Europe Computer numerical control machine: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 Europe Computer numerical control machine market driver impact
- Fig. 15 Europe Computer numerical control machine market restraint impact
- Fig. 16 Europe Computer numerical control machine market strategic initiatives analysis
- Fig. 17 Europe Computer numerical control machine market: Type movement analysis
- Fig. 18 Europe Computer numerical control machine market: Type outlook and key takeaways
- Fig. 19 Lathe machines market estimates and forecasts, 2017 - 2030
- Fig. 20 Milling machines market estimates and forecasts, 2017 - 2030
- Fig. 21 Laser machines market estimates and forecasts, 2017 - 2030
- Fig. 22 Grinding machines market estimates and forecasts, 2017 - 2030
- Fig. 23 Welding machines market estimates and forecasts, 2017 - 2030
- Fig. 24 Winding machines market estimates and forecasts, 2017 - 2030
- Fig. 25 Others market estimates and forecasts, 2017 - 2030
- Fig. 26 Europe Computer numerical control machine market: Application movement analysis
- Fig. 27 Europe Computer numerical control machine market: Application outlook and key takeaways
- Fig. 28 Automotive market estimates and forecasts, 2017 - 2030
- Fig. 29 Aerospace & defense market estimates and forecasts, 2017 - 2030
- Fig. 30 Construction equipment market estimates and forecasts, 2017 - 2030
- Fig. 31 Power & energy market estimates and forecasts, 2017 - 2030
- Fig. 32 Industrial market estimates and forecasts, 2017 - 2030
- Fig. 33 Others market estimates and forecasts, 2017 - 2030
- Fig. 34 Europe computer numerical control machine market: Country movement analysis
- Fig. 35 Europe computer numerical control machine market: Country outlook and key takeaways
- Fig. 36 UK market estimates and forecasts, 2017 - 2030
- Fig. 37 Germany market estimates and forecasts, 2017 - 2030
- Fig. 38 Italy market estimates and forecasts, 2017 - 2030
- Fig. 39 France market estimates and forecasts, 2017 - 2030
- Fig. 40 RoE market estimates and forecasts, 2017 - 2030
