The Computer Numerical Control (CNC) Machinery Global Market Report 2023, provides comprehensive information on the computer numerical control (CNC) machinery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Computer Numerical Control (CNC) Machinery Market’s Growth:
As per The Business Research Company’s Computer Numerical Control (CNC) Machinery Global Market Report 2023, the global computer numerical control (CNC) market size is expected to grow from $80.15 billion in 2022 to $86.70 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global computer numerical control (CNC) market size is expected to reach $110.29 billion in 2027 at a CAGR of 6.2%.
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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 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
Asia-Pacific was the largest region in the computer numerical control (CNC) machinery market in 2022.
The table of contents in TBRC’s computer numerical control (CNC) machinery market report includes:
- Executive Summary
- Computer Numerical Control (CNC) Machinery Market Characteristics
- Computer Numerical Control (CNC) Machinery Market Trends And Strategies
- Computer Numerical Control (CNC) Machinery Market – Macro Economic Scenario
- Computer Numerical Control (CNC) Machinery Market Size And Growth
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- Africa Computer Numerical Control (CNC) Machinery Market
- Computer Numerical Control (CNC) Machinery Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Computer Numerical Control (CNC) Machinery Market
- Computer Numerical Control (CNC) Machinery Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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