Computer Numerical Control (CNC) Machinery Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Computer Numerical Control (CNC) Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Computer Numerical Control (CNC) Machinery Global Market Report 2024, The computer numerical control (cnc) machinery market size has grown steadily in recent years. It will grow from $86.7 billion in 2023 to $88.47 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to increased demand in aerospace and automotive industries, globalization of manufacturing, shorter product development cycles, cost efficiency and labor savings, customization and complexity in product designs.

The computer numerical control (cnc) machinery market size is expected to see strong growth in the next few years. It will grow to $118.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growing adoption of 5-axis and multi-tasking machines, sustainable and eco-friendly manufacturing practices, rise in additive manufacturing, increased demand in medical device manufacturing, global reshoring initiatives. Major trends in the forecast period include digital twin technology, advancements in cutting-edge technologies, integration of industry 40 technologies, enhanced precision and accuracy, human-machine collaboration.

The increasing demand for semiconductor production equipment is expected to propel the growth of the computer numerical control (CNC) machinery market going forward. Semiconductor production equipment refers to the equipment or devices that are responsible for the manufacturing of semiconductors by manipulating atoms. Computer numerical control (CNC) machines play an important part in semiconductor production equipment by allowing it to achieve a minimum surface tolerance. These CNC machines also enable the manufacturing of cylindrical semiconductor components in semiconductor production equipment. For instance, in December 2022, according to Semiconductor Equipment and Materials International (SEMI), a US-based international industry association, the sales of semiconductor manufacturing equipment accounted for $102.5 billion in 2021 to $108.5 billion in 2022, which increased by 5.69% in the year 2022 as compared to 2021. Therefore, the increasing demand for semiconductor production equipment is driving the growth of the computer numerical control (CNC) machinery market.

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The computer numerical control (cnc) machinery market covered in this report is segmented –

1) By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Other Types
2) By Number Of Axes: 3 Axis, 4 Axis, 5 Axis
3) By End Use: Automotive, Aerospace And Defense, Construction Equipment, Power And Energy, Industrial, Other End Users

Technological advancements are a key trend gaining popularity in the computer numerical control (CNC) machinery market. Companies operating in the computer numerical control (CNC) machinery market are adopting innovative technologies to sustain their position in the market. For instance, in June 2022, Robotiq Inc, a Canada-based robotic applications provider company, launched a ‘Machine Tending Application Solution’ for CNC machines. This new application solution is integrated with automated technology that imitates the machine operator and helps to reduce up to 50% implementation costs.

The computer numerical control (cnc) machinery market report table of contents includes:

1. Executive Summary
2. Computer Numerical Control (CNC) Machinery Market Characteristics
3. Computer Numerical Control (CNC) Machinery Market Trends And Strategies
4.Computer Numerical Control (CNC) Machinery Impact On market analysis
5.Computer Numerical Control (CNC) Machinery Market Size And Growth
6.Computer Numerical Control (CNC) Machinery Segmentation
7.Computer Numerical Control (CNC) Machinery Regional And Country Analysis
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27. Computer Numerical Control (CNC) Machinery Competitive Landscape And Company Profiles
28.Computer Numerical Control (CNC) Machinery Key Mergers And Acquisitions
29. Computer Numerical Control (CNC) Machinery Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

Haas Automation Inc.

Dalian Machine Tool Group (DMTG) Corporation

FANUC CORPORATION

DMG Mori Seiki Co. Ltd.

Hurco Companies Inc.

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