Market Research Report
Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Lathe Machine, Milling Machine), By End Use (Automotive, Power & Energy), By Region, And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||906540|
|Published||Content info||129 Pages
Delivery time: 2-3 business days
|Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Lathe Machine, Milling Machine), By End Use (Automotive, Power & Energy), By Region, And Segment Forecasts, 2019 - 2025|
|Published: June 4, 2019||Content info: 129 Pages||
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.
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.