CNC Metal Cutting Machine Market Worth $113,501.0 Million by 2026 | Key Segments, Benefits and Top Leading Players

CNC metal cutting machining refers to the manufacturing process in which pre-programmed computer software are used to dictate the movement of factory machinery and tools. The process is utilized to control variety of complex machinery, from metal cutting, broaching, grinders, lathes, and others. These machines are widely used for metal cutting operation to achieve the desired cut on the metal workpiece. Plasma cutters, laser cutting devices, and fiber cutters are different types of CNC metal cutting machines available in the market.

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According to a new report published by Allied Market Research, titled, "Global CNC Metal Cutting Machine Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global CNC metal cutting machine market size was valued at $69.9 billion in 2018, and is projected to reach $113.5 billion by 2026, registering a CAGR of 6.0% from 2019 to 2026.

The expansion of manufacturing sectors and rapid industrialization in developing countries such as China and India drive the CNC metal cutting machine market growth. In addition, the laser metal cutting machines is gaining immense importance owing to its advance technology as they provide a high degree of precision compared to conventional metal cutting machine. Such factors are expected to have a positive impact on the CNC metal cutting machine market growth. However, the constant fluctuations in foreign currency exchange continues to hinder the profit margin for players in CNC metal cutting machine market.

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Key Segments

By Type

Machining Centers
Lathe Machines
Gear Cutting Machines
Laser Cutting Machines
Others

By End-User

Automobile
Aerospace & defense
Electronics
Power & Energy
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Players

Amada Holdings Co., Ltd.
Coherent, Inc.
DMG MORI CO., Ltd.
Hurco Companies, Inc.
Komatsu Ltd.
Lincoln Electric Holdings, Inc.
Maschinenfabrik Berthold Hermle AG
Okuma Corporation
TRUMPF GmbH + Co. KG
Yamazaki Mazak Corporation

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