PUBLISHER: Persistence Market Research | PRODUCT CODE: 1408952
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1408952
Computer Numerical Control (CNC) Machines Market by Product Type, End-Users, & Geography (North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa): Global Industry Analysis, Size, Share, Growth, Trends, & Forecast, 2023-2030
Persistence Market Research has released a detailed report on the worldwide Computer Numerical Control (CNC) Machines market. The report offers an extensive analysis of crucial market dynamics, trends, opportunities, and challenges. It aims to provide exclusive insights into the market structure, supported by data and statistics, outlining the anticipated growth path of the CNC Machines market from 2023 to 2030.
The global computer numerical control (CNC) machines market is forecast to expand at a CAGR of 9.5% and thereby increase from a value of US$ 6.2 Billion in 2023, to US$ 11.7 Billion by the end of 2030.
Key Insights
- Computer Numerical Control (CNC) Machines Market Size (2023E): US$ 6.2 Billion
- Projected Market Value (2030F): US$ 11.7 Billion
- Global Market Growth Rate (CAGR 2023 to 2030): 9.5%
- Historical Market Growth Rate (CAGR 2018 to 2022): 8.4%
Computer Numerical Control (CNC) Machines Market - Report Scope
Computer Numerical Control (CNC) machines, like lathes and milling machines, automate manufacturing processes using preprogrammed instructions to create precise and intricate items from various materials. These machines enhance manufacturing productivity by eliminating manual intervention, enabling the production of complex components for industries like aerospace, automotive, and medical. The global CNC machines market is experiencing continuous growth due to the increasing demand for precision machining. Advancements in CNC technology, including multi-axis machining and improved software capabilities, contribute to this growth. The emphasis on automation and the need for high-quality, customized manufacturing are key drivers propelling the widespread use of CNC machines worldwide.
Market Growth Drivers for Computer Numerical Control (CNC) Machines:
The continuous advancement of CNC machine technology, incorporating features like artificial intelligence, sophisticated sensors, and enhanced software capabilities, serves as a major driver for the market. These technological breakthroughs enhance the overall performance and functionality of CNC machines, allowing for more accurate and efficient processing of complex tasks. Manufacturers invest in cutting-edge CNC machinery to stay competitive, meet the demand for intricate components, and enhance production efficiency.
The market expansion is further fueled by the increased functionality of CNC machines, offering real-time monitoring, predictive maintenance, and seamless integration with other smart manufacturing systems. Automation in the manufacturing sector is a key driver, with CNC machines playing a crucial role. They contribute to increased productivity, reduced labor costs, and improved product consistency by enabling accurate and repeatable machining operations without constant human intervention. The widespread adoption of CNC machines in industries like electronics, automotive, and aerospace further propels market growth due to their efficiency in optimizing production lines.
Market Restraints:
Despite recent growth, the CNC equipment market encounters challenges like high upfront costs and the need for skilled operators, particularly affecting small and medium-sized businesses (SMEs). Overcoming these obstacles requires efforts to enhance affordability, usability, and accessibility of CNC technology for wider market penetration.
As CNC machines become more connected in smart production systems, cybersecurity issues arise, exposing vulnerabilities to cyber threats. Robust cybersecurity defenses, regular updates, and investments in cybersecurity solutions and personnel training are crucial to mitigate risks and ensure the resilience of CNC machines in the evolving landscape of connected manufacturing technologies.
Market Opportunities:
The combination of Industry 4.0 and CNC machinery presents a substantial market opportunity. In smart manufacturing, CNC machines, integrating IoT and data analytics, enable real-time monitoring for predictive maintenance, reducing downtime and enhancing overall efficiency. This connectivity facilitates seamless information flow across production phases, fostering a responsive and flexible manufacturing ecosystem. Embracing Industry 4.0 offers manufacturers a competitive edge, streamlining processes and cutting costs, making CNC machines essential in intelligent manufacturing.
Expanding the CNC machines market is viable with the industrialization of emerging regions like Asia, Latin America, and Africa. Manufacturers can tap into this growth by providing tailored solutions, emphasizing affordability and scalability. Strategic alliances with local companies can further enhance market penetration, ensuring sustained growth and global expansion.
Key Questions Answered in Report:
- What is the current size of the global Computer Numerical Control (CNC) Machines market in terms of value and volume?
- Which market segments are growing the fastest?
- Who are the key players in the Computer Numerical Control (CNC) Machines market?
- What are the major challenges facing the Computer Numerical Control (CNC) Machines market, such as raw material pricing, environmental regulations, or technological disruptions?
- What are the key opportunities for growth?
Competitive Intelligence and Business Strategy:
Competition in the CNC machines market is fierce, with major players like Hurco, Protomatic, Metal Craft, Siemens, and DMG Mori Seiki. They prioritize continuous research and development for technological advancements. Strategic alliances and acquisitions are common for market expansion. Collaboration between software developers and CNC machine manufacturers is increasing for integrated solutions. Regional companies target specific market niches. Key competition factors include after-sales services, product differentiation, and pricing strategies. Integration of digital solutions, data analytics, and connectivity into CNC machines aligns with Industry 4.0 trends. Sustainability and energy efficiency are gaining focus to meet environmental regulations and consumer demands for eco-friendly production.
Key Companies Profiled:
- Hurco Companies Inc.
- Protomatic Inc.
- Metal Craft
- AMS Micromedical LLC
- JTEKT Corporation
- Haas Automation
- Fanuc Corporation
- Siemens AG
- DMG Mori Seiki Co.
Research Segmentation:
The CNC machinery market features various system types, with milling machines prevailing in industries like electronics and aerospace. Laser machines are rapidly growing, particularly in precision machining for electronics and medical applications.
In the end-use industry, the automotive sector leads, relying on CNC machines for precise manufacturing. The aerospace and defense industry is the fastest-growing sector, driven by the need for precision in intricate aerospace components.
North America dominates due to advanced infrastructure, while South Asia and Oceania experience rapid growth, fueled by industrialization, foreign investments, and a thriving manufacturing sector, especially in countries like China and India.
By Type:
- Lathe Machine
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
By End-use Industry:
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Snapshot, 2023 and 2030
- 1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Type Lifecycle Analysis
- 2.4. Computer Numerical Control (CNC) Machines Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of End-users
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Type Landscape
3. Global Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
- 3.3. Global Computer Numerical Control (CNC) Machines Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 3.3.3.1. Lathe Machine
- 3.3.3.2. Milling Machines
- 3.3.3.3. Laser Machines
- 3.3.3.4. Grinding Machines
- 3.3.3.5. Welding Machines
- 3.3.3.6. Winding Machines
- 3.4. Market Attractiveness Analysis: Type
- 3.5. Global Computer Numerical Control (CNC) Machines Market Outlook: End-use Industry
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-use Industry, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 3.5.3.1. Automotive
- 3.5.3.2. Aerospace & Defense
- 3.5.3.3. Construction Equipment
- 3.5.3.4. Power & Energy
- 3.5.3.5. Industrial
- 3.5.3.6. Others
- 3.6. Market Attractiveness Analysis: End-use Industry
4. Global Computer Numerical Control (CNC) Machines Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By End-use Industry
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Lathe Machine
- 5.5.2. Milling Machines
- 5.5.3. Laser Machines
- 5.5.4. Grinding Machines
- 5.5.5. Welding Machines
- 5.5.6. Winding Machines
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 5.6.1. Automotive
- 5.6.2. Aerospace & Defense
- 5.6.3. Construction Equipment
- 5.6.4. Power & Energy
- 5.6.5. Industrial
- 5.6.6. Others
- 5.7. Market Attractiveness Analysis
6. Europe Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By End-use Industry
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Lathe Machine
- 6.5.2. Milling Machines
- 6.5.3. Laser Machines
- 6.5.4. Grinding Machines
- 6.5.5. Welding Machines
- 6.5.6. Winding Machines
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 6.6.1. Automotive
- 6.6.2. Aerospace & Defense
- 6.6.3. Construction Equipment
- 6.6.4. Power & Energy
- 6.6.5. Industrial
- 6.6.6. Others
- 6.7. Market Attractiveness Analysis
7. East Asia Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By End-use Industry
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Lathe Machine
- 7.5.2. Milling Machines
- 7.5.3. Laser Machines
- 7.5.4. Grinding Machines
- 7.5.5. Welding Machines
- 7.5.6. Winding Machines
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 7.6.1. Automotive
- 7.6.2. Aerospace & Defense
- 7.6.3. Construction Equipment
- 7.6.4. Power & Energy
- 7.6.5. Industrial
- 7.6.6. Others
- 7.7. Market Attractiveness Analysis
8. South Asia & Oceania Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By End-use Industry
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Lathe Machine
- 8.5.2. Milling Machines
- 8.5.3. Laser Machines
- 8.5.4. Grinding Machines
- 8.5.5. Welding Machines
- 8.5.6. Winding Machines
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 8.6.1. Automotive
- 8.6.2. Aerospace & Defense
- 8.6.3. Construction Equipment
- 8.6.4. Power & Energy
- 8.6.5. Industrial
- 8.6.6. Others
- 8.7. Market Attractiveness Analysis
9. Latin America Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By End-use Industry
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Component, 2023 - 2030
- 9.5.1. Lathe Machine
- 9.5.2. Milling Machines
- 9.5.3. Laser Machines
- 9.5.4. Grinding Machines
- 9.5.5. Welding Machines
- 9.5.6. Winding Machines
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 9.6.1. Automotive
- 9.6.2. Aerospace & Defense
- 9.6.3. Construction Equipment
- 9.6.4. Power & Energy
- 9.6.5. Industrial
- 9.6.6. Others
- 9.7. Market Attractiveness Analysis
10. Middle East & Africa Computer Numerical Control (CNC) Machines Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By End-use Industry
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Lathe Machine
- 10.5.2. Milling Machines
- 10.5.3. Laser Machines
- 10.5.4. Grinding Machines
- 10.5.5. Welding Machines
- 10.5.6. Winding Machines
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 10.6.1. Automotive
- 10.6.2. Aerospace & Defense
- 10.6.3. Construction Equipment
- 10.6.4. Power & Energy
- 10.6.5. Industrial
- 10.6.6. Others
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2022
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Hurco Companies Inc.
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Protomatic Inc.
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Metal Craft
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. AMS Micromedical LLC
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. JTEKT Corporation
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. Haas Automation
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Fanuc Corporation
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. Siemens AG
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. DMG Mori Seiki Co.
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.1. Hurco Companies Inc.
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
