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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1371231

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1371231

CNC Market by Offering, Product Type, End-User Industry & Region - Global Forecast to 2028

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Table of Contents

The CNC market is expected to grow from USD 67.5 billion in 2023 to USD 80.4 billion by 2028, at a CAGR of 3.5% during the forecast period. Increasing automation in manufacturing industries globally and rising mass production of high-precision components for high-growth are driving the CNC market.

Scope of the Report
Years Considered for the Study2020-2028
Base Year2022
Forecast Period2023-2028
Units ConsideredValue (USD Billion)
SegmentsBy Vehicle Type, By Service, By End User
Regions coveredNorth America, Europe, Asia Pacific, Rest of the World

"Services segment is expected to grow at the highest CAGR during the forecast period"

The services segment is expected to grow at the highest CAGR during the forecast period. CNC machine service providers often offer installation services, assembling and setting up the CNC machine at the client's facility. The growing CNC services market is a response to the increasing importance of CNC machines in modern manufacturing, the need for expertise in operating and maintaining these machines, and the desire of businesses to maximize their operational efficiency and ROI. As technology advances, the CNC services sector will likely evolve to meet new challenges and opportunities in the industry.

"Laser Machines product type is expected to register highest CAGR during the forecast period"

The Laser machines product type is expected grow at the highest CAGR during the forecast period. The Laser machines market growth is mainly due to their ability to perform a wide range of tasks with exceptional precision and their utilization across diverse industries, including semiconductors and medical. Furthermore, they are known for their energy-efficient operation and their capacity to function autonomously. With ongoing advancements in laser technology, their popularity continues to rise. They are particularly favored by industries that place a premium on precision and efficiency, which explains their strong growth in the CNC market.

"CNC market in Asia Pacific region to register highest CAGR between 2023 and 2028"

The CNC market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The region's robust economic growth, rapid industrialization, investments in technology, emerging market status, ongoing infrastructure development, and a rising middle-class consumer base. These elements collectively contribute to a strong demand for CNC machinery, particularly in industries like automotive, aerospace, semiconductos, and medical, making the Asia Pacific region a thriving hub for CNC technology adoption and market expansion. Moreover, all the leading players in the CNC market are generating the majority of their revenues from the Asian region only. China, Japan, India, and South Korea have a large customer base. These nations are home to companies prioritizing research and development, further contributing to the industry's potential.

Breakdown of primaries

In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the CNC market space. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 - 35%, Tier 2 - 35%, and Tier 3 - 30%
  • By Designation: C-level Executives - 45%, Directors - 35%, and Others - 20%
  • By Region: North America -25%, Europe- 30%, Asia Pacific - 35%, and Rest of the World - 10%

Key players in the CNC market are DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), DN SOLUTIONS (South Korea), TRUMPF (Germany), Hurco Companies, Inc. (US), Yamazaki Mazak Corporation (Japan), GF Machining Solutions Management SA (Switzerland), CHIRON Group SE (Germany), and others.

The CNC market has been segmented into offering, product type, end-user industry, and region. The CNC market has been studied in North America, Europe, Asia Pacific, and the Rest of the World.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the CNC market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing automation in manufacturing industries globally, rising mass production of high-precision components for high-growth industries, and reduced operating costs and enhanced production efficiency of manufacturing plants with deployment of CNC machines ), restraints (high installation and maintenance costs of CNC machines), opportunities (increasing demand for artificial intelligence-based systems in manufacturing and integration of additive manufacturing with CNC machining), and challenges (lack of expert technicians to operate CNC machines and need for frequent technological upgrades).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the CNC market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the CNC market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the CNC market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), among others.
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Product Code: SE 8817

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • FIGURE 1 CNC MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
    • 1.3.4 CURRENCY CONSIDERED
  • 1.4 LIMITATIONS
  • 1.5 STAKEHOLDERS
  • 1.6 RECESSION IMPACT

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 CNC MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • FIGURE 3 CNC MARKET: RESEARCH APPROACH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 Key secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
      • 2.1.3.1 Participants and key opinion leaders for primary interviews
      • 2.1.3.2 Key data from primary sources
      • 2.1.3.3 Key industry insights
      • 2.1.3.4 Breakdown of primary interviews
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach to derive market size using bottom-up analysis (demand side)
    • FIGURE 4 CNC MARKET: BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach to derive market size using top-down analysis (supply side)
    • FIGURE 5 CNC MARKET: TOP-DOWN APPROACH
    • FIGURE 6 MARKET SIZE ESTIMATION THROUGH SUPPLY-SIDE ANALYSIS
  • 2.3 DATA TRIANGULATION
    • FIGURE 7 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
    • FIGURE 8 ASSUMPTIONS
  • 2.5 PARAMETERS CONSIDERED TO STUDY RECESSION IMPACT ON CNC MARKET
  • 2.6 RISK ASSESSMENT
    • TABLE 1 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

    • FIGURE 9 MACHINES SEGMENT TO DOMINATE CNC MARKET IN 2028
    • FIGURE 10 MACHINING CENTERS SEGMENT TO HOLD LARGEST SHARE OF CNC MARKET IN 2028
    • FIGURE 11 AUTOMOTIVE & TRANSPORTATION SEGMENT TO LEAD CNC MARKET DURING FORECAST PERIOD
    • FIGURE 12 ASIA PACIFIC CNC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CNC MARKET
    • FIGURE 13 RISING DEMAND FOR CNC MACHINES IN CHINA, JAPAN, AND INDIA
  • 4.2 CNC MARKET, BY OFFERING
    • FIGURE 14 SERVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • 4.3 CNC MARKET, BY PRODUCT TYPE
    • FIGURE 15 MACHINING CENTERS SEGMENT TO HOLD LARGEST SHARE OF CNC MARKET IN 2023
  • 4.4 CNC MARKET, BY END-USER INDUSTRY
    • FIGURE 16 AUTOMOTIVE & TRANSPORTATION SEGMENT TO LEAD CNC MARKET DURING FORECAST PERIOD
  • 4.5 CNC MARKET, BY REGION
    • FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN CNC MARKET FROM 2023 TO 2028

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 18 CNC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Growing use of automation systems in manufacturing sector
      • 5.2.1.2 Mass production of high-precision components for high-growth industries
      • 5.2.1.3 Rising deployment of CNC machines in manufacturing plants to reduce operating costs and enhance production efficiency
    • FIGURE 19 CNC MARKET: IMPACT ANALYSIS OF DRIVERS
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High installation and maintenance costs
    • FIGURE 20 CNC MARKET: IMPACT ANALYSIS OF RESTRAINTS
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increasing demand for artificial intelligence (AI)-based systems in manufacturing sector
      • 5.2.3.2 Integration of additive manufacturing technology into CNC machining
    • FIGURE 21 CNC MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Lack of skilled technicians
      • 5.2.4.2 Need for regular technological upgrades
    • FIGURE 22 CNC MARKET: IMPACT ANALYSIS OF CHALLENGES
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 23 CNC MARKET: VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM MAPPING
    • FIGURE 24 ECOSYSTEM MAPPING
    • TABLE 2 COMPANIES AND THEIR ROLE IN CNC ECOSYSTEM
  • 5.5 PRICING ANALYSIS
    • 5.5.1 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES OFFERED BY TOP 3 PLAYERS
    • FIGURE 25 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES OFFERED BY TOP 3 PLAYERS
    • TABLE 3 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES OFFERED BY TOP 3 PLAYERS
    • TABLE 4 AVERAGE SELLING PRICE (ASP) OF CNC MACHINES, BY REGION
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
    • FIGURE 26 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN CNC MARKET
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 ARTIFICIAL INTELLIGENCE (AI)
    • 5.7.2 INTERNET OF THINGS (IOT)
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 27 CNC MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 THREAT OF NEW ENTRANTS
    • 5.8.2 THREAT OF SUBSTITUTES
    • 5.8.3 BARGAINING POWER OF BUYERS
    • 5.8.4 BARGAINING POWER OF SUPPLIERS
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
    • TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES (%)
    • 5.9.2 BUYING CRITERIA
    • FIGURE 29 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
    • TABLE 6 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
  • 5.10 CASE STUDY ANALYSIS
    • 5.10.1 CIRCLE GMBH INSTALLED HURCO EUROPE'S ROEDERS 5-AXIS MACHINING CENTER TO PRODUCE MACHINE PROTOTYPES
    • 5.10.2 JONES NUTTAL INSTALLED PRECISION CNC MACHINES TO IMPROVE OPERATIONAL EFFICIENCY AND RELIABILITY
    • 5.10.3 P-Q CONTROLS, INC. USED DETRON NEO CNC MACHINE TO REDUCE OPERATING COSTS
  • 5.11 TRADE ANALYSIS
    • FIGURE 30 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8459, BY KEY COUNTRY, 2018-2022 (USD MILLION)
    • FIGURE 31 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8459, BY KEY COUNTRY, 2018-2022 (USD MILLION)
  • 5.12 PATENT ANALYSIS
    • FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS PERTAINING TO CNC MACHINES, 2013-2022
    • TABLE 7 TOP 20 PATENT OWNERS RELATED TO CNC MACHINES IN LAST 10 YEARS, 2013-2022
    • FIGURE 33 NUMBER OF PATENTS RELATED TO CNC MACHINES, 2013-2022
    • TABLE 8 CNC MARKET: PATENT ANALYSIS, 2021-2023
  • 5.13 KEY CONFERENCES AND EVENTS, 2023-2024
    • TABLE 9 CNC MARKET: LIST OF CONFERENCES AND EVENTS
  • 5.14 STANDARDS AND REGULATORY LANDSCAPE
    • 5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.14.2 STANDARDS RELATED TO CNC MACHINES
    • TABLE 14 CNC MARKET: STANDARDS

6 CNC MARKET, BY OFFERING

  • 6.1 INTRODUCTION
    • FIGURE 34 CNC MARKET, BY OFFERING
    • FIGURE 35 MACHINES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF CNC MARKET IN 2028
    • TABLE 15 CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 16 CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
  • 6.2 MACHINES
    • 6.2.1 RISING DEMAND FOR HIGH-QUALITY, COMPLEX COMPONENTS IN AEROSPACE AND AUTOMOTIVE INDUSTRIES TO BOOST MARKET GROWTH
  • 6.3 PARTS & ACCESSORIES
    • 6.3.1 CNC CONTROLLER
      • 6.3.1.1 Growing need for computer-controlled machining processes in manufacturing units to fuel segmental growth
    • 6.3.2 OTHERS
  • 6.4 SERVICES
    • 6.4.1 RISING NEED FOR EXPERTISE IN OPERATING AND MAINTAINING CNC MACHINES TO FUEL MARKET GROWTH

7 CNC MARKET, BY PRODUCT TYPE

  • 7.1 INTRODUCTION
    • FIGURE 36 CNC MARKET, BY PRODUCT TYPE
    • FIGURE 37 MACHINING CENTERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
    • TABLE 17 CNC MARKET: BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 18 CNC MARKET: BY PRODUCT TYPE, 2023-2028 (USD MILLION)
  • 7.2 MILLING MACHINES
    • 7.2.1 RISING USE TO AUTOMATE MILLING PROCESS TO DRIVE SEGMENTAL GROWTH
    • TABLE 19 MILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 20 MILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 21 MILLING MACHINES: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 22 MILLING MACHINES: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.3 MACHINING CENTERS
    • 7.3.1 GROWING ADOPTION OF CNC MACHINES TO PERFORM COMPLEX AND VERSATILE OPERATIONS IN MACHINING CENTERS TO BOOST SEGMENTAL GROWTH
    • TABLE 23 MACHINING CENTERS: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 24 MACHINING CENTERS: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 25 MACHINING CENTERS: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 26 MACHINING CENTERS: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.4 LATHE MACHINES
    • 7.4.1 HIGH DEMAND FOR ACCURACY AND VERSATILITY IN AEROSPACE AND AUTOMOTIVE INDUSTRIES TO FUEL SEGMENTAL GROWTH
    • TABLE 27 LATHE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 28 LATHE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 29 LATHE MACHINES: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 30 LATHE MACHINES: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.5 LASER MACHINES
    • 7.5.1 GROWING DEMAND FOR CLEAN, PRECISE, AND NON-CONTACT CUTTING PROCESS TO DRIVE SEGMENTAL GROWTH
    • TABLE 31 LASER MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 32 LASER MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 33 LASER MACHINES: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 34 LASER MACHINES: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.6 DRILLING MACHINES
    • 7.6.1 RISING DEMAND FOR ACCURATE AND EFFICIENT DRILLING TO FUEL SEGMENTAL GROWTH
    • TABLE 35 DRILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 36 DRILLING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 37 DRILLING MACHINES: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 38 DRILLING MACHINES: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.7 GRINDING MACHINES
    • 7.7.1 INCREASING DEMAND FOR PRECISION GRINDING OPERATIONS TO BOOST ADOPTION
    • TABLE 39 GRINDING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 40 GRINDING MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 41 GRINDING MACHINES: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 42 GRINDING MACHINES: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 7.8 ELECTRICAL DISCHARGE MACHINES
    • 7.8.1 RISING DEMAND FOR ADVANCED MICRO EDM TECHNIQUES TO SUPPORT SEGMENTAL GROWTH
    • TABLE 43 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 44 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 45 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 46 ELECTRICAL DISCHARGE MACHINES: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)

8 CNC MARKET, BY END-USER INDUSTRY

  • 8.1 INTRODUCTION
    • FIGURE 38 CNC MARKET, BY END-USER INDUSTRY
    • FIGURE 39 AUTOMOTIVE & TRANSPORTATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    • TABLE 47 CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 48 CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
  • 8.2 AUTOMOTIVE & TRANSPORTATION
    • 8.2.1 RISING FOCUS ON INCREASING MANUFACTURING EFFICIENCY DURING MASS PRODUCTION TO FUEL DEMAND
    • TABLE 49 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 50 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 51 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 52 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 53 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 54 AUTOMOTIVE & TRANSPORTATION: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.3 AEROSPACE
    • 8.3.1 GROWING ADOPTION OF CNC MACHINES FOR PRECISE MANUFACTURING TO DRIVE MARKET
    • TABLE 55 AEROSPACE: CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 56 AEROSPACE: CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 57 AEROSPACE: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 58 AEROSPACE: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 59 AEROSPACE: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 60 AEROSPACE: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.4 MEDICAL
    • 8.4.1 INCREASING DEMAND FOR HIGHLY PRECISE MEDICAL DEVICES TO FUEL ADOPTION
    • TABLE 61 MEDICAL: CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 62 MEDICAL: CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 63 MEDICAL: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 64 MEDICAL: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 65 MEDICAL: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 66 MEDICAL: CNC MARKET, BY REGION 2023-2028 (USD MILLION)
  • 8.5 SEMICONDUCTORS
    • 8.5.1 RISING ADOPTION OF CNC MACHINES IN DIE- AND WIRE-BONDING PROCESSES TO BOOST SEGMENTAL GROWTH
    • TABLE 67 SEMICONDUCTORS: CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 68 SEMICONDUCTORS: CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 69 SEMICONDUCTORS: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 70 SEMICONDUCTORS: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 71 SEMICONDUCTORS: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 72 SEMICONDUCTORS: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.6 CAPITAL GOODS
    • 8.6.1 GROWING DEMAND FOR FABRICATED METAL PARTS TO DRIVE MARKET
    • TABLE 73 CAPITAL GOODS: CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 74 CAPITAL GOODS: CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 75 CAPITAL GOODS: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 76 CAPITAL GOODS: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 77 CAPITAL GOODS: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 78 CAPITAL GOODS: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.7 ENERGY & POWER
    • 8.7.1 INCREASED DEMAND FOR EFFICIENT AND SUSTAINABLE ENERGY SOURCES TO DRIVE MARKET
    • TABLE 79 ENERGY & POWER: CNC MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 80 ENERGY & POWER: CNC MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 81 ENERGY & POWER: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 82 ENERGY & POWER: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 83 ENERGY & POWER: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 84 ENERGY & POWER: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)

9 CNC MARKET, BY REGION

  • 9.1 INTRODUCTION
    • FIGURE 40 INDIA TO REGISTER HIGHEST CAGR IN CNC MARKET DURING FORECAST PERIOD
    • FIGURE 41 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE IN 2028
    • TABLE 85 CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 86 CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 9.2 NORTH AMERICA
    • 9.2.1 NORTH AMERICA: RECESSION IMPACT
    • FIGURE 42 NORTH AMERICA: CNC MARKET SNAPSHOT
    • TABLE 87 NORTH AMERICA: CNC MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 88 NORTH AMERICA: CNC MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 89 NORTH AMERICA: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 90 NORTH AMERICA: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 91 NORTH AMERICA: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 92 NORTH AMERICA: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • 9.2.2 US
      • 9.2.2.1 Rising demand for industrial automation and technological advancements in manufacturing sector to drive market
    • 9.2.3 CANADA
      • 9.2.3.1 Increasing production of highly precise components in various industries to drive market
    • 9.2.4 MEXICO
      • 9.2.4.1 Rapid growth of automotive industry to drive market
  • 9.3 EUROPE
    • 9.3.1 EUROPE: RECESSION IMPACT
    • FIGURE 43 EUROPE: CNC MARKET SNAPSHOT
    • TABLE 93 EUROPE: CNC MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 94 EUROPE: CNC MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 95 EUROPE: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 96 EUROPE: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 97 EUROPE: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 98 EUROPE: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • 9.3.2 UK
      • 9.3.2.1 Technological advancements in automotive industry to fuel adoption
    • 9.3.3 GERMANY
      • 9.3.3.1 Rising investments in advancing manufacturing processes to maintain exceptional standards to drive market
    • 9.3.4 FRANCE
      • 9.3.4.1 Foreign investments and government-led incentives in electric & hybrid vehicles to boost market growth
    • 9.3.5 REST OF EUROPE
  • 9.4 ASIA PACIFIC
    • 9.4.1 ASIA PACIFIC: RECESSION IMPACT
    • FIGURE 44 ASIA PACIFIC: CNC MARKET SNAPSHOT
    • TABLE 99 ASIA PACIFIC: CNC MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 100 ASIA PACIFIC: CNC MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 101 ASIA PACIFIC: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 102 ASIA PACIFIC: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 103 ASIA PACIFIC: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 104 ASIA PACIFIC: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • 9.4.2 CHINA
      • 9.4.2.1 Government-led initiatives to promote automation and advanced technologies to drive market
    • 9.4.3 JAPAN
      • 9.4.3.1 Increasing production of high-precision components for automotive industry to support market growth
    • 9.4.4 INDIA
      • 9.4.4.1 Rising economic growth and domestic investments to drive market
    • 9.4.5 REST OF ASIA PACIFIC
  • 9.5 ROW
    • 9.5.1 ROW: IMPACT OF RECESSION
    • TABLE 105 ROW: CNC MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 106 ROW: CNC MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 107 ROW: CNC MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 108 ROW: CNC MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
    • TABLE 109 ROW: CNC MARKET, BY END-USER INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 110 ROW: CNC MARKET, BY END-USER INDUSTRY, 2023-2028 (USD MILLION)
    • 9.5.2 MIDDLE EAST & AFRICA
      • 9.5.2.1 Increasing foreign direct investments in technological advancements to create lucrative opportunities for market players
    • 9.5.3 SOUTH AMERICA
      • 9.5.3.1 Emergence as manufacturing hub and increasing foreign investments to support market growth

10 COMPETITIVE LANDSCAPE

  • 10.1 OVERVIEW
  • 10.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 111 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
  • 10.3 REVENUE ANALYSIS, 2018-2020
    • FIGURE 45 REVENUE ANALYSIS OF TOP FOUR PLAYERS, 2018-2020
  • 10.4 MARKET SHARE ANALYSIS, 2022
    • TABLE 112 CNC MARKET: MARKET SHARE ANALYSIS, 2022
    • FIGURE 46 MARKET SHARE ANALYSIS, 2022
  • 10.5 COMPANY EVALUATION MATRIX, 2022
    • 10.5.1 STARS
    • 10.5.2 PERVASIVE PLAYERS
    • 10.5.3 EMERGING LEADERS
    • 10.5.4 PARTICIPANTS
    • FIGURE 47 CNC MARKET: COMPANY EVALUATION MATRIX, 2022
  • 10.6 COMPANY FOOTPRINT
    • TABLE 113 COMPANY FOOTPRINT
    • TABLE 114 PRODUCT TYPE: COMPANY FOOTPRINT
    • TABLE 115 REGION: COMPANY FOOTPRINT
  • 10.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
    • 10.7.1 PROGRESSIVE COMPANIES
    • 10.7.2 RESPONSIVE COMPANIES
    • 10.7.3 DYNAMIC COMPANIES
    • 10.7.4 STARTING BLOCKS
    • FIGURE 48 CNC MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
  • 10.8 COMPETITIVE BENCHMARKING
    • TABLE 116 CNC MARKET: KEY STARTUPS/SMES
    • TABLE 117 CNC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 10.9 COMPETITIVE SCENARIOS AND TRENDS
    • 10.9.1 PRODUCT LAUNCHES
    • TABLE 118 CNC MARKET: PRODUCT LAUNCHES, 2021-2023
    • 10.9.2 DEALS
    • TABLE 119 CNC MARKET: DEALS, 2022-2023
    • 10.9.3 OTHERS
    • TABLE 120 CNC MARKET: OTHERS, 2022-2023

11 COMPANY PROFILES

  • (Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
  • 11.1 KEY PLAYERS
    • 11.1.1 DMG MORI
    • TABLE 121 DMG MORI: COMPANY OVERVIEW
    • FIGURE 49 DMG MORI: COMPANY SNAPSHOT
    • TABLE 122 DMG MORI: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 123 DMG MORI: PRODUCT LAUNCHES
    • 11.1.2 OKUMA CORPORATION
    • TABLE 124 OKUMA CORPORATION: COMPANY OVERVIEW
    • FIGURE 50 OKUMA CORPORATION: COMPANY SNAPSHOT
    • TABLE 125 OKUMA CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 126 OKUMA CORPORATION: PRODUCT LAUNCHES
    • TABLE 127 OKUMA CORPORATION: DEALS
    • 11.1.3 MAKINO MILLING MACHINE CO., LTD.
    • TABLE 128 MAKINO MILLING MACHINE CO., LTD.: COMPANY OVERVIEW
    • FIGURE 51 MAKINO MILLING MACHINE CO., LTD.: COMPANY SNAPSHOT
    • TABLE 129 MAKINO MILLING MACHINE CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 130 MAKINO MILLING MACHINE CO., LTD.: PRODUCT LAUNCHES
    • 11.1.4 HAAS AUTOMATION, INC
    • TABLE 131 HAAS AUTOMATION, INC: COMPANY OVERVIEW
    • TABLE 132 HAAS AUTOMATION, INC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • 11.1.5 JTEKT CORPORATION
    • TABLE 133 JTEKT CORPORATION: COMPANY OVERVIEW
    • FIGURE 52 JTEKT CORPORATION: COMPANY SNAPSHOT
    • TABLE 134 JTEKT CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 135 JTEKT CORPORATION: PRODUCT LAUNCHES
    • 11.1.6 DN SOLUTIONS
    • TABLE 136 DN SOLUTIONS: COMPANY OVERVIEW
    • TABLE 137 DN SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 138 DN SOLUTIONS: PRODUCT LAUNCHES
    • 11.1.7 TRUMPF
    • TABLE 139 TRUMPF: COMPANY OVERVIEW
    • FIGURE 53 TRUMPF: COMPANY SNAPSHOT
    • TABLE 140 TRUMPF: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 141 TRUMPF: PRODUCT LAUNCHES
    • TABLE 142 TRUMPF: OTHERS
    • 11.1.8 AMADA CO., LTD.
    • TABLE 143 AMADA CO., LTD.: COMPANY OVERVIEW
    • FIGURE 54 AMADA CO., LTD.: COMPANY SNAPSHOT
    • TABLE 144 AMADA CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 145 AMADA CO., LTD.: PRODUCT LAUNCHES
    • 11.1.9 HURCO COMPANIES, INC.
    • TABLE 146 HURCO COMPANIES, INC.: COMPANY OVERVIEW
    • FIGURE 55 HURCO COMPANIES, INC.: COMPANY SNAPSHOT
    • TABLE 147 HURCO COMPANIES, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 148 HURCO COMPANIES, INC.: PRODUCT LAUNCHES
    • 11.1.10 YAMAZAKI MAZAK CORPORATION
    • TABLE 149 YAMAZAKI MAZAK CORPORATION: COMPANY OVERVIEW
    • TABLE 150 YAMAZAKI MAZAK CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 151 YAMAZAKI MAZAK CORPORATION: OTHERS
    • 11.1.11 GF MACHINING SOLUTIONS MANAGEMENT SA
    • TABLE 152 GF MACHINING SOLUTIONS MANAGEMENT SA: COMPANY OVERVIEW
    • TABLE 153 GF MACHINING SOLUTIONS MANAGEMENT SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 154 GF MACHINING SOLUTIONS MANAGEMENT SA: PRODUCT LAUNCHES
    • TABLE 155 GF MACHINING SOLUTIONS MANAGEMENT SA: DEALS
    • 11.1.12 CHIRON GROUP SE
    • TABLE 156 CHIRON GROUP SE: COMPANY OVERVIEW
    • TABLE 157 CHIRON GROUP SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 158 CHIRON GROUP SE: DEALS
    • 11.1.13 MAG IAS GMBH
    • TABLE 159 MAG IAS GMBH: COMPANY OVERVIEW
    • TABLE 160 MAG IAS GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • 11.1.14 GROB-WERKE GMBH & CO. KG
    • TABLE 161 GROB-WERKE GMBH & CO. KG: COMPANY OVERVIEW
    • TABLE 162 GROB-WERKE GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 163 GROB-WERKE GMBH & CO. KG: PRODUCT LAUNCHES
    • 11.1.15 EMAG GMBH & CO. KG
    • TABLE 164 EMAG GMBH & CO. KG: COMPANY OVERVIEW
    • TABLE 165 EMAG GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • 11.2 OTHER PLAYERS
    • 11.2.1 HYUNDAI WIA CORP.
    • TABLE 166 HYUNDAI WIA CORP.: COMPANY OVERVIEW
    • 11.2.2 KOMATSU
    • TABLE 167 KOMATSU: COMPANY OVERVIEW
    • 11.2.3 SODICK
    • TABLE 168 SODICK: COMPANY OVERVIEW
    • 11.2.4 HARDINGE INC.
    • TABLE 169 HARDINGE INC.: COMPANY OVERVIEW
    • 11.2.5 DATRON AG
    • TABLE 170 DATRON AG: COMPANY OVERVIEW
    • 11.2.6 KITAMURA MACHINERY
    • TABLE 171 KITAMURA MACHINERY: COMPANY OVERVIEW
    • 11.2.7 HWACHEON
    • TABLE 172 HWACHEON: COMPANY OVERVIEW
    • 11.2.8 BRETON S.P.A.
    • TABLE 173 BRETON S.P.A.: COMPANY OVERVIEW
    • 11.2.9 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY
    • TABLE 174 INDEX-WERKE GMBH & CO. KG HAHN & TESSKY: COMPANY OVERVIEW
    • 11.2.10 HERMLE AG
    • TABLE 175 HERMLE AG: COMPANY OVERVIEW
  • *Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 ADJACENT AND RELATED MARKETS

  • 12.1 INTRODUCTION
  • 12.2 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
    • 12.2.1 INTRODUCTION
    • FIGURE 56 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
    • TABLE 176 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 177 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 178 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 179 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 180 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2019-2022(USD MILLION)
    • TABLE 181 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2023-2028(USD MILLION)
    • TABLE 182 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 183 INFORMATION TECHNOLOGY: SMART MANUFACTURING MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 12.3 HUMAN-MACHINE INTERFACE (HMI)
    • 12.3.1 RELIANCE ON HMI TECHNOLOGY TO CONDUCT MANUFACTURING OPERATIONS EFFORTLESSLY TO FUEL SEGMENTAL GROWTH
    • 12.3.2 INCREASING DEMAND FOR WORKPLACE SAFETY AND PRECISION AT LOW COST TO ENHANCE RISC-V LINEUP WITH VOICE-ACTIVATED INTERFACE TO DRIVE MARKET
    • 12.3.3 HUMAN-MACHINE INTERFACE (HMI), BY OFFERING
      • 12.3.3.1 Software
        • 12.3.3.1.1 Rising adoption of HMI software in manufacturing processes to boost segmental growth
      • 12.3.3.2 Hardware
        • 12.3.3.2.1 Growing use of HMI hardware components to boost manufacturing automation to drive market
    • 12.3.4 HUMAN-MACHINE INTERFACE, BY CONFIGURATION TYPE
      • 12.3.4.1 Increasing need for technological advancements and integrated systems in various industries to drive adoption of HMI-based smart manufacturing solutions
        • 12.3.4.1.1 Standalone HMI
        • 12.3.4.1.2 Embedded HMI
    • TABLE 184 HUMAN-MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 185 HUMAN-MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 186 HUMAN-MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 187 HUMAN-MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 188 HUMAN-MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 189 HUMAN-MACHINE INTERFACE (HMI): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023-2028 (USD BILLION)
  • 12.4 PLANT ASSET MANAGEMENT (PAM)
    • 12.4.1 RISING ADOPTION OF PAM SYSTEMS TO BUILD COMPREHENSIVE DATA RECORDS TO FUEL MARKET GROWTH
    • 12.4.2 RISING DEVELOPMENT OF INDUSTRIAL ASSET MANAGEMENT SOLUTIONS TO SUPPORT SEGMENTAL GROWTH
    • TABLE 190 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 191 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 192 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 193 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 194 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 195 PLANT ASSET MANAGEMENT (PAM): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023-2028 (USD MILLION)
    • 12.4.3 PLANT ASSET MANAGEMENT (PAM), BY OFFERING
      • 12.4.3.1 Integrating PAM solutions in manufacturing and production plants to fuel segmental growth
        • 12.4.3.1.1 Software
        • 12.4.3.1.2 Services
    • 12.4.4 PLANT ASSET MANAGEMENT (PAM), BY DEPLOYMENT TYPE
      • 12.4.4.1 Growing adoption of PAM systems to optimize plant asset management to drive market
        • 12.4.4.1.1 Offline
        • 12.4.4.1.2 Online
    • 12.4.5 PLANT ASSET MANAGEMENT (PAM), BY ASSET TYPE
      • 12.4.5.1 Deployment of PAM solutions to assess health of plant assets to enhance business performance to drive market
        • 12.4.5.1.1 Production asset
        • 12.4.5.1.2 Automation asset
  • 12.5 MANUFACTURING EXECUTION SYSTEM (MES)
    • 12.5.1 GROWING FUNCTIONALITY OF MANUFACTURING PLANTS BY INTEGRATING PQIM PILLARS TO FUEL MES 4.0 TECHNOLOGY
    • 12.5.2 ROCKWELL AUTOMATION ACQUIRES PLEX SYSTEMS TO EXPAND INDUSTRIAL CLOUD SOLUTION PORTFOLIO
    • 12.5.3 MANUFACTURING EXECUTION SYSTEM (MES), BY DEPLOYMENT TYPE
      • 12.5.3.1 Deployment of hybrid MES model to increase manufacturing plant efficiency to drive market
        • 12.5.3.1.1 On-premise
        • 12.5.3.1.2 On-demand
        • 12.5.3.1.3 Hybrid
    • 12.5.4 MANUFACTURING EXECUTION SYSTEM (MES), BY OFFERING
      • 12.5.4.1 Use of MES technology in organizations to increase productivity to drive market
        • 12.5.4.1.1 Software
        • 12.5.4.1.2 Solutions
    • TABLE 196 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 197 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 198 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 199 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 200 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 201 MANUFACTURING EXECUTION SYSTEM (MES): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023-2028 (USD MILLION)
  • 12.6 WAREHOUSE MANAGEMENT SYSTEM (WMS)
    • 12.6.1 INTRODUCTION
    • 12.6.2 GROWING ADOPTION OF WMS SOLUTIONS TO SUPPORT INVENTORY CONTROL AND LABOR MANAGEMENT TO PROPEL MARKET GROWTH
    • 12.6.3 INTEGRATION ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING INTO WAREHOUSE MANAGEMENT SOLUTIONS TO DRIVE MARKET
    • 12.6.4 RISING POPULARITY OF SMART WAREHOUSE MANAGEMENT SYSTEMS TO DRIVE MARKET
    • 12.6.5 WAREHOUSE MANAGEMENT SYSTEM (WMS), BY OFFERING
      • 12.6.5.1 Rising digitization in supply chain management to fuel demand
      • 12.6.5.2 Inventory management
      • 12.6.5.3 Order management
    • 12.6.6 WAREHOUSE MANAGEMENT SYSTEM (WMS), BY IMPLEMENTATION TYPE
      • 12.6.6.1 Increasing adoption of on-cloud WMS solutions to efficiently process transactions to fuel market growth
      • 12.6.6.2 On-premise
      • 12.6.6.3 On-cloud
    • 12.6.7 WAREHOUSE MANAGEMENT SYSTEM (WMS), BY TIER TYPE
      • 12.6.7.1 Rising demand for advanced WMS to perform complex manufacturing operations to boost market growth
      • 12.6.7.2 Tier 1
      • 12.6.7.3 Tier 2
      • 12.6.7.4 Tier 3
    • TABLE 202 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 203 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 204 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2019-2022 (USD MILLION)
    • TABLE 205 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2023-2028 (USD MILLION)
    • TABLE 206 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 207 WAREHOUSE MANAGEMENT SYSTEM (WMS): SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2023-2028 (USD MILLION)

13 APPENDIX

  • 13.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS
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