Global Computer Numerical Control Market

Global Computer Numerical Control Market Size, Share, Growth Analysis, By Type(Lathe Machines, Milling Machines), By End-Use(Automotive, Aerospace & Defense) - Industry Forecast 2022-2028


Report ID: SQSG25J2008 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: 68 | Figures: 66

Global Computer Numerical Control Market Insights

Global Computer Numerical Control Market Size was valued at USD 86.83 billion in 2021, and it is expected to reach a value of USD 140.5 billion by 2028, at a CAGR of 6.9% over the forecast period (2022-2028).

Over the projected period, growth in the computerised numerical control market is anticipated. The term "computerised numerical control" (CNC) refers to a sort of programmable automation in which different machining operations are carried out by microcomputers and are guided by mathematical information. In addition to input parameters like depth of cut, feed, and speed, CNC may also regulate functions like turning on and off the spindle and the coolant. When superior quality and efficiency are required, CNC is used. The main advantages of CNC include reduced human error rates, quick production times, high manufacturing accuracy, increased manufacturing flexibility, and contour machining.

This market has benefited greatly from the expansion of the machine tool sector, as well as from rising demand from the retrofit market. High investment needs, however, can be a barrier to the expansion of the CNC business.

Market limitations may be caused by high maintenance costs and the need for experienced part programmers. According to application, CNCs have found significant markets in the aerospace and automotive industries. High-performance CNCs are now being used in sectors like the food industry, healthcare, jewellery, and woodworking. Large market segments of the machine tool and metalworking machinery industries have received the most of the attention from CNCs. A comparatively smaller target group comprises a variety of cutting and material contouring applications in the glass, wood, and plastic industries.

Machine tool and non-machine tool categories are used to categorise CNC. In the category of machine tools, CNC is used for milling machines, drill presses, grinding units, lathe machines, lasers, etc.; in the category of non-machine tools, it is used for coordinate measurement machines, welding machines, electronic assembly, winding machines, etc. Demand for machine tools is anticipated to be high, while demand for non-machine tools is anticipated to rise.

Market snapshot

Global Market Size

USD 86.83 billion

Largest Segment

Aerospace & Defense

Fastest Growth

Aerospace & Defense

Growth Rate

6.9% CAGR

Global Computer Numerical Control Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Computer Numerical Control Market Size by Deployment, 2021-2028 ($ Bn)
Global Computer Numerical Control Market Size by Deployment, 2021-2028 (%)

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Global Computer Numerical Control Market Segmental Analysis

The computer numerical control (CNC) machine market is segmented based on Type, End-use, and Region. Based on the Type, the market is Sub segmented into lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines, and others. Based on End Use the market is further sub-segmented into Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, and Others. Based on Region the market is further sub-segments into North America, Europe, Asia Pacific, Latin America, and MEA.

Analysis by Type

The market for CNC lathe machines was worth US$ 16.11 billion in 2021, and it is expected to grow at a CAGR of more than 10% during the forecast period. Over the coming mid-term, the automotive industry's growing need for CNC lathe machines to produce bespoke parts including cylinder heads, starter motors, gearboxes, and other prototyping applications is expected to propel computer numerical control market expansion. Additionally, the market expansion is expected to benefit from technological developments in current CNC lathe systems with new features employed for a variety of applications. For instance, the Cincom L32 XII, a sliding headstock type automatic CNC lathe machine with an automatic tool changer, was introduced by Citizen Machinery Co., Ltd in February 2021.

There will be a demand for more than 650 000 units of CNC laser equipment, representing a CAGR of 9.0% throughout the projected period. The category is expected to develop over the projected period due to the rising demand for CNC laser cutting machines from semiconductor manufacturing businesses to solve the persistent shortage of semiconductors in all industries. Additionally, computer numerical control market growth is expected to be favorable in the upcoming years due to the growing use of CNC fiber laser cutting equipment in the sheet metal processing and kitchenware industries.

Analysis by End-Use

The automobile, aerospace & defense, construction equipment, power & energy, industrial, and other subcategories are further divided into the end-use section. By 2028, the industrial sector is expected to account for more than 30 billion and hold more than one-fourth of the market share in 2021. The general manufacturing sectors of packaging, electronics, medicine, and other general industries are included in the industrial segment. Growth over the projection period is expected to be driven by rising demand for fully automated and turnkey CNC machines to scale up production to meet backlogs starting in 2021.

It is expected that the surge in EV sales and the rise in demand for the production of ultra-precision parts for EVs will be favorable for the expansion of the automotive sector throughout the projected period. It is expected that the demand for customized automobile parts such as crankshafts, cylinder heads, and motor pumps would continue to support computer numerical control market expansion. In light of these elements, it is expected that by 2028, the automobile industry will require more than US$ 25 billion in CNC machines.

Global Computer Numerical Control Market Share By Deployment, 2021 (%)

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Global Computer Numerical Control Market Regional Insights

In 2021, the Asia Pacific region held more than 35% of the global market share, and it is expected that it would continue to hold the top position during the projected period. Sales of CNC machines are expected to reach 800,000 units in 2022 and quadruple by 2028. The market demand is attributed to the surge in industrial equipment manufacturing outsourcing services, the availability of inexpensive raw materials in abundance, and low operational costs that fuel the demand for manufacturing outsourcing and increase the sales of CNC machines over the forecast period. During the projection period, Europe is expected to experience a CAGR of 9%. Germany, Italy, France, and the nations of Central and Eastern Europe are the main drivers of the expansion. Over the next few years, market growth is expected to be driven by a lack of workforce forcing metalworking companies to raise their investment in automation to boost the productivity of their CNC machines.

Global Computer Numerical Control Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Computer Numerical Control Market Dynamics

Driver

  • One of the key drivers propelling the growth of the computer numerical control (CNC) machine market is the rise in demand for a variety of industrial devices and equipment, such as medical devices, telecom communication devices, and semiconductor production equipment, and electric vehicles (EV). The market is expanding due to the rising demand for ultra-precision and five-axis milling machines, both of which are essential for producing electric vehicles (EVs).
  • The preference for automated CNC systems that are integrated with industrial robots is growing, which has an additional impact on the market. To improve production, alleviate the shortage of experienced laborers, and increase output, these systems use simulation software. Additionally, the market for computer numerical control (CNC) machines is positively impacted by rising urbanization, a shift in lifestyle, a spike in investments, and increased consumer spending.

Restraint

  • The high cost of these machines' acquisition as well as the expenses related to maintaining them, on the other hand, are expected to restrain market expansion. Additionally, during the projection period of 2022–2028, fluctuating raw material costs and a lack of semiconductors used in CNC machines are expected to provide difficulties for the market for computer numerical control (CNC) machines.

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Global Computer Numerical Control Market Competitive Landscape

The competitive landscape for the computer numerical control (CNC) machine market includes information from competitors. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. The aforementioned data points are limited to the companies' market concentration on computer numerical control (CNC) machines.

Top Player’s Company Profiles

  • AMADA MACHINERY CO., LTD. (Japan)
  • Amera-Seiki Corporation (US)
  • DMG MORI. (Japan)
  • SCM Group (Italy)
  • General Technology Group Dalian Machine Tool Corporation (China)
  • DATRON (Germany)
  • FANUC CORPORATION (Japan)
  • Haas Automation, Inc (US)
  • Hurco Companies, Inc. (US)
  • Okuma Corporation (Japan)
  • Yamazaki Mazak Corporation (Japan)

Recent Development

  • In March 2021, For the Greater Tortue Ahmeyim project, British Petroleum hired McDermott International and Baker Hughes, a GE Company, in March 2021. Both businesses are accountable for providing the undersea umbilicals, risers, and flowlines (SURF) and subsea production system equipment under the conditions of the contract.
  • In April 2021, Five large-bore deepwater horizontal Xmas trees (DHXTs), a six-slot dual-bore manifold, a pipeline end manifold, a subsea distribution unit, etc. will all be provided by Baker Hughes. Subsea 7 and L&T were given an EPCI contract by Saudi Aramco in April 2021 to work at the oil fields in Zuluf and Berri. Under the terms of the contract, subsea pipelines and oil production deck manifolds will be delivered to the Zuluf field.

Global Computer Numerical Control Key Market Trends

  • The industrial sector's growing need for automated manufacturing has led to an increase in the use of CNC machines. Also encouraging the use of computer numerical controls in this industry is the development of industrial facilities in the Asia Pacific. Since power generating demands extensive automation, CNC machines are very frequently used in this industry. CNC has become increasingly important in the automotive industry. Modern automobiles contain a considerable number of elements made entirely by CNC tools and machines, from die-casting related components to creating unibody frames. In reality, CNC machines are used in the production of engine housings, axles, bearing caps, suspension parts, and carburetor housings. Another example of how numerical control machining is used while producing vehicle components is the milling of acrylic/PMMA for headlights, exterior lighting, and interior lights. Due mostly to the rising rate of automated automobile manufacturing, the automotive sector is predicted to experience rapid growth in the upcoming years.

Global Computer Numerical Control Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the CNC lathe machines segment dominated the Global Computer Numerical Control Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, the Asia Pacific dominated the Global Computer Numerical Control Market owing to the region's highly aware and economically stable population.

Report Metric Details
Market size value in 2021 USD 86.83 billion
Market size value in 2028 USD 140.5 billion
Growth Rate 6.9%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines
  • End-Use
    • Automotive, Aerospace & Defense, Computer Numerical Control, Power & Energy, Industrial
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
  • AMADA MACHINERY CO., LTD. (Japan)
  • Amera-Seiki Corporation (US)
  • DMG MORI. (Japan)
  • SCM Group (Italy)
  • General Technology Group Dalian Machine Tool Corporation (China)
  • DATRON (Germany)
  • FANUC CORPORATION (Japan)
  • Haas Automation, Inc (US)
  • Hurco Companies, Inc. (US)
  • Okuma Corporation (Japan)
  • Yamazaki Mazak Corporation (Japan)
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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 Global Computer Numerical Control 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
  • 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 Global Computer Numerical Control 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
  • 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
  • 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(%)

Methodology

For the Global Computer Numerical Control 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 Global Computer Numerical Control 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 Global Computer Numerical Control Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Computer Numerical Control 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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FAQ's

Global Computer Numerical Control Market Size was valued at USD 86.83 billion in 2021, and it is expected to reach a value of USD 140.5 billion by 2028, at a CAGR of 6.9% over the forecast period (2022-2028).

The competitive landscape for the computer numerical control (CNC) machine market includes information from competitors. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. The aforementioned data points are limited to the companies' market concentration on computer numerical control (CNC) machines. 'AMADA MACHINERY CO., LTD. (Japan)', 'Amera-Seiki Corporation (US)', 'DMG MORI. (Japan)', 'SCM Group (Italy)', 'General Technology Group Dalian Machine Tool Corporation (China)', 'DATRON (Germany)', 'FANUC CORPORATION (Japan)', 'Haas Automation, Inc (US)', 'Hurco Companies, Inc. (US)', 'Okuma Corporation (Japan)', 'Yamazaki Mazak Corporation (Japan)'

One of the key drivers propelling the growth of the computer numerical control (CNC) machine market is the rise in demand for a variety of industrial devices and equipment, such as medical devices, telecom communication devices, and semiconductor production equipment, and electric vehicles (EV). The market is expanding due to the rising demand for ultra-precision and five-axis milling machines, both of which are essential for producing electric vehicles (EVs).

The industrial sector's growing need for automated manufacturing has led to an increase in the use of CNC machines. Also encouraging the use of computer numerical controls in this industry is the development of industrial facilities in the Asia Pacific. Since power generating demands extensive automation, CNC machines are very frequently used in this industry. CNC has become increasingly important in the automotive industry. Modern automobiles contain a considerable number of elements made entirely by CNC tools and machines, from die-casting related components to creating unibody frames. In reality, CNC machines are used in the production of engine housings, axles, bearing caps, suspension parts, and carburetor housings. Another example of how numerical control machining is used while producing vehicle components is the milling of acrylic/PMMA for headlights, exterior lighting, and interior lights. Due mostly to the rising rate of automated automobile manufacturing, the automotive sector is predicted to experience rapid growth in the upcoming years.

In 2021, the Asia Pacific region held more than 35% of the global market share, and it is expected that it would continue to hold the top position during the projected period. Sales of CNC machines are expected to reach 800,000 units in 2022 and quadruple by 2028. The market demand is attributed to the surge in industrial equipment manufacturing outsourcing services, the availability of inexpensive raw materials in abundance, and low operational costs that fuel the demand for manufacturing outsourcing and increase the sales of CNC machines over the forecast period. During the projection period, Europe is expected to experience a CAGR of 9%. Germany, Italy, France, and the nations of Central and Eastern Europe are the main drivers of the expansion. Over the next few years, market growth is expected to be driven by a lack of workforce forcing metalworking companies to raise their investment in automation to boost the productivity of their CNC machines.

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