USD 0.5 billion
CNC Router Market Size, Share, Growth Analysis, By Type (Gantry Type, Movable Gantry Type), By Product (Plasma, Laser), By Application (Wood Working, Stone Working), By End User (Automotive, Construction), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15F2159 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
120
|Figures:
71
CNC Router Market Insights
CNC Router Market size was valued at USD 0.52 Billion in 2023 and is poised to grow from USD 0.54 Billion in 2024 to USD 0.72 Billion by 2032, growing at a CAGR of 3.77% during the forecast period (2025-2032).
The increasing use of automation technology in emerging economies including India, Brazil, Mexico, Vietnam and Cambodia will provide new growth opportunities for CNC router manufacturers. Industrial design firms rely heavily on CNC machines to create modular kitchens, furniture, educational and sports equipment, and POS units. For example, to cope with rising demand, D.T. Solutions has purchased significant CNC machinery. In addition, more attention has been paid to training employees to use CNC software to prevent production interruptions. Thus, rapid automation in the emerging economies is expected to provide attractive growth opportunities for the global CNC router market players. Thus, driving CNC router market revenue.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
mobile gantry
Fastest Growth
Stationary gantry
Growth Rate
3.77% CAGR
Global CNC Router Market ($ Bn)
Country Share for Asia Pacific Region (%)
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CNC Router Market Segmental Analysis
Global CNC Router Market is segmented by Type, Product, application, end user and region. Based on Type, the market is segmented into Gantry Type, Movable Gantry Type, and Cross-feed Unit Type. Based on Product, the market is segmented into Plasma, Laser, Water Jet, and Metal Tools. Based on application, the market is segmented into Wood Working, Stone Working, Metal Working, and Others. Based on end user, the market is segmented into Automotive, Construction, Industrial, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
The dominance of the mobile gantry segment in the CNC router market can be attributed to its versatility and flexibility in a wide range of applications in shapes and sizes This product makes it ideally suited for applications in industries such as woodworking, metalworking fabrication and signage expanding your ability to manufacture when needed. Large facilities can be accommodated and adapted to evolving manufacturing needs, making them suitable for smaller operations and larger machinery. This flexibility contributes to their appeal and market dominance in the CNC router industry.
Stationary gantry-type CNC routers play an important role in the CNC router market, offering advantages and unique applications. The fixed gantry system consists of a fixed bridge or gantry structure, where the machine crosses or runs along the X, Y, and sometimes Z axes. The fixed gantry system provides a stable and robust platform for mechanical operation. This alignment is essential to achieve high accuracy and precision in cutting, engraving and milling processes, especially when working with materials that require tight tolerances.
Analysis by Product
The metal tool segment dominated the market in 2022. Metalworking industries, such as aerospace, automotive, and construction, require a CNC router designed to work with various metals. These routers have specialized tools and cutting machines that can consume the unique characteristics of metal materials toughness, durability. Moreover, increasing demand for metal parts in industry and the need for high quality precision machining is also driving the metal tool segment to dominate the CNC Router market. In the steel industry, manufacturers rely on these routers to simplify manufacturing processes, improve efficiency and achieve better results.
In February 2022, the integration of laser segment in the CNC (Computer Numerical Control) router market became important, especially in expanding the capabilities of these machines for different applications. Precision cutting and engraving: Laser technology in CNC routers enables highly accurate cutting of a variety of materials such as wood, plastic, metal and composites the laser focus and intensity allows for incredible detail and finish which is attractive and makes it suitable for applications requiring accuracy.
Global CNC Router Market By Type
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CNC Router Market Regional Insights
Asia-Pacific in the CNC Router market will dominate this market, as the region is home to manufacturing heavy machinery, automotive, automotive electronics and accessories will fuel the market growth in this region. Furthermore, the Chinese CNC Router market has the largest market share, while the CNC Router market is the fastest growing market in the Asia-Pacific region. Asia-Pacific is expected to dominate the market share. The demand for accuracy in shorter times is driving the increasing use of CNC machines. Mass production of complex products such as automotive, medical, aerospace and semiconductor industries are expected to increase the demand for these devices.
North America in the CNC router market is expected to grow at the fastest CAGR from 2023 to 2031. This is because the region is a major automotive industry due to the presence of leading manufacturers and research due to increased costs. North America is expected to show significant growth due to increasing adoption of advanced technologies in the US. Furthermore, the increasing use of steel mills machinery in many industries will lead to increased adoption of such machinery in the region. Moreover, the rise in imports due to manufacturing is also driving the market growth.
Global CNC Router Market By Region
- Largest
- Fastest
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CNC Router Market Dynamics
Drivers
- Growth in Global Automotive Industry to Contribute Significant Revenues
With high levels of disposable income worldwide, the global automotive industry is expected to generate significant revenues in the coming years. With stringent emission norms coupled with incentives implemented by governments around the world, the popularity of electric cars is increasing. This is the main reason for the growth of the automotive industry. Compared to fossil fuel vehicles, electric vehicles reduce greenhouse gas emissions. Hybrids are also an important part of the global market. Increased disposable income among the middle class is enabling more people to buy their own cars as the global consumer shows an increasing trend towards convenience options.
Restraints
- Size of the Initial Investment
The upfront cost of acquiring CNC routers, especially those equipped with advanced features or special capabilities, can be relatively high. This initial investment can be prohibitive for small businesses or budgets hardship method to use CNC technology.
- Operation and Maintenance Costs
While CNC routers can provide efficiency and accuracy, the operation and maintenance costs associated with these machines include routine maintenance, tool replacement, and need that they are skilled workers who contribute to ongoing costs.
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CNC Router Market Competitive Landscape
The competitive environment of the global CNC Router market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
- Anderson Group (Taiwan)
- MultiCam Inc. (U.S.)
- The Shoda Company (Japan)
- Exel CNC Ltd (U.K.)
- Carbide 3D LLC (U.S.)
- Biesse Group (Italy)
- Thermwood Corporation (U.S.)
- HOMAG Group (Germany)
- ShopSabre (U.S.)
- Komo Machine (U.S.)
- AXYZ Automation Group (Canada)
- Laguna Tools (U.S.)
- Onsrud (U.S.)
- Precix (U.S.)
- Tommotek (Australia)
- Genmitsu (Japan)
Recent Developments
- May 2022: Ali Mohammed, managing director of London Pro-Filter, reintroduces three Homag mills and implements a new technique. This strategic approach allows the company to manufacture a wide range of products, including kitchens, cabinets, bedrooms and built-in wardrobes. By utilizing modified wood mills, London Pro-Filter will increase its productivity and meet its customers' needs.
- April 2022: Thermwood Corporation achieved an impressive feat yesterday with a massive 12-foot 3D printing kit for Boeing. This project is an important demonstration of additive manufacturing’s ability to create high-quality tools for the aerospace industry. Through this initiative, Thermwood aims to demonstrate the capabilities of additive manufacturing technology and its ability to meet the stringent requirements of the aerospace industry This development confirms Thermwood's commitment to push the boundaries of innovation and deliver solutions as its impressive for Boeing and other industry leaders to emphasize.
CNC Router Key Market Trends
- The dramatic shift in consumer preferences towards high-end furniture, especially luxury furniture, is expected to drive down the demand for CNC routers. In various end-use industries, the hardware is followed only by automotive work and is the second most widely used CNC internal routers used. CNC wood routers are specially designed for shaping wood products and play an important role in furniture manufacturing. These routers are controlled by computer programs and use X, Y and Z axes to precisely control 3D motion. By using CNC routers, furniture manufacturers can achieve incredible shapes and precise wood cuts, improving the overall quality and appearance of their products. These CNC routers, which are gaining popularity, have the furniture industry highlighting the importance and contribution to market growth.
CNC Router Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Increasing demand for bespoke furniture featuring size and wealth, increasing consumer spending power and global growth in real estate and office construction activity will effectively boost the market, helping CNC router adoption. Traditional CNC activity systems can engrave on flat planes and surfaces. Parts of the furniture project can be created on a computer with a CAD/CAM system, and automatically cut with a router or other cutting machine to create the finished part.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 0.5 billion |
| Market size value in 2031 | USD 0.69 billion |
| Growth Rate | 3.77% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on CNC Router Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on CNC Router Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the CNC Router Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CNC Router Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CNC Router Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the CNC Router Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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