What is the global market size of Computer Numerical Control Machines Market?

The Global Computer Numerical Control Machines Market was valued at USD 55.85 billion in 2021, and it is expected to reach a value of USD 110.16 billion by 2028, at a CAGR of 10.19% over the forecast period (2022 - 2028). Read More

Who are the key vendors in the Global Computer Numerical Control Machines Market?

The Global Computer Numerical Control Machines market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.'Yamazaki Mazak Corporation (Aichi, Japan)','Doosan Machine Tools Co., Ltd. (Seoul, Korea)','Trumpf (Ditzingen, Germany)','Amada Machine Tools Co., Ltd (Kanagawa, Japan)','JTEKT Corporation (Nagoya, Japan)','MAG IAS GmbH (Wurttemberg, Germany)','Schuler AG (Goppingen, Germany)','Makino (Tokyo, Japan)','Hyundai WIA (Gyeongsangnam-do, Korea)','Komatsu Ltd. (Tokyo, Japan)','Okuma Corporation (Aichi, Japan)','FANUC Corporation (Yamanashi Prefecture, Japan)','Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Tokyo, Japan)','General Technology Group Dalian Machine Tool Corporation (Dalian, Liaoning Province)','ANCA Group (Melbourne, Australia)' Read More

Computer Numerical Control Machines Market Size, Share, Growth Analysis, By Type(Metal Cutting, Metal Forming), By Application(Automotive, General Machinery, Precision Engineering, Transport Machinery), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2155 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 65

Computer Numerical Control Machines Market Insights

Global Computer Numerical Control Machines Market size was valued at USD 56.4 billion in 2019 and is poised to grow from USD 62.11 billion in 2023 to USD 131.424 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).

Market expansion is anticipated to be favorably impacted by the increased demand from industries for complicated machining goods to be more efficient. The popularity of CNC tools is also influenced by an increase in the need for high accuracy, declining operating costs, and technical breakthroughs in manufacturing methods. Additionally, Computer Numerical Control Machines Market expansion may be attributed to the explosion in mass manufacturing of goods across industrial sectors, including automobiles and electronics. The desire for mass customization is increasing, which is helping these technologies catch on. For instance, CNC machine tools that can be programmed provide speedy and effective manufacture of many goods in a batch.

US Computer Numerical Control Machines Market is poised to grow at a sustainable CAGR for the next forecast year.

Computer Numerical Control Machines Market Report Snapshots

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Computer Numerical Control Machines Market size was valued at USD 56.4 billion in 2019 and is poised to grow from USD 62.11 billion in 2023 to USD 131.424 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).

The Computer Numerical Control Machines market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'Yamazaki Mazak Corporation (Aichi, Japan)', 'Soft Servo Systems, Inc.', 'Amada Machine Tools Co. Ltd.', 'Mitsubishi Electric Corporation', 'Fanuc Corporation', 'Sandvik AB', 'Siemens AG', 'Bosch Rexroth AG', 'Heldenhain GmbH', 'CNS Equipment Ltd.'

The desire for real-time information access has increased the use of the Internet of Things in manufacturing processes. As a result, productivity, safety, production innovation, and downtime expenses would all be enhanced. For instance, Zyfra introduced a cloud-based version of its MDCplus machine monitoring system in April 2020 as a distant Internet of Things (IoT) innovation that enables remote monitoring of computerised numerical control machines that are already in India. Furthermore anticipated market drivers are the accessibility of sensors, internet connection, and cloud computing.

The machine tool industry has been significantly impacted by process automation. The manufacturing sector is showing a rising propensity for process automation as a consequence of the requirement for improved service quality, efficiency, and simplicity. As a result, manufacturers are embracing new technology themselves and producing goods with a variety of digital technologies including artificial intelligence (AI) and the internet of things (IoT). JTEKT, for instance, incorporates much digital technology into both its operations and products. In order to replace manual examination, it has deployed automated inspection equipment that uses image processing technology. Additionally, the business is creating Programmable Logic Controllers (PLC) for machine tools that include edge computing and an autonomous grinder. As a result, one of the key developments in the field of machine tools is AI technology.

The high precision, speed, and emphasis on the energy economy of CNC metal cutting machine tools are contributing to their enormous growth in popularity. The market for metal cutting tools is expanding as a result of the rising demand for electrochemical machining. This is due to the numerous advantages of electrochemical machining and micromachining for enhanced surface integrity in diverse applications, such as stress-free drilled holes in the automotive sector and complicated form production in the aerospace industry. The metal forming segment is anticipated to develop due to the rising need for maximum performance with high accuracy and control.

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Computer Numerical Control Machines Market Size, Share, Growth Analysis, By Type(Metal Cutting, Metal Forming), By Application(Automotive, General Machinery, Precision Engineering, Transport Machinery), By Region - Industry Forecast 2024-2031

Computer Numerical Control Machines Market Insights

Computer Numerical Control Machines Market Report Snapshots

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