U.S. CNC Machines Market Comprehensive Analysis, is Projected to Reach USD 4,009.59 Million by 2030 | Growing at a CAGR of 4.9%

According to the report published by Allied Market Research, the U.S. CNC machines market was estimated at $2.53 billion in 2020 and is expected to hit $4.00 billion by 2030, registering a CAGR of 4.9% from 2021 to 2030. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

The rise in the need for precision and time effectiveness and the surge in demand from production plants fuel the growth of the U.S. CNC machines market. On the other hand, the high cost of CNC machines restrains the growth to some extent. However, an increase in application areas and an upsurge in the use of robotics & automation in the manufacturing industry are anticipated to pave the way for lucrative opportunities in the industry.

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Based on industry vertical, the industry machinery segment contributed to more than one-third of the total market revenue in 2020, and is expected to lead the trail by the end of 2030. The automobile segment, however, would exhibit the fastest CAGR of 8.0% throughout the forecast period.

Based on machine tool type, the lathes segment accounted for around one-third of the total market share in 2020, and is anticipated to rule the roost by 2030. The mills segment would register the fastest CAGR of 6.8% during the forecast period.

The key market players analyzed in the U.S. CNC machines market report include Dalian Machine Tool Group Corporation (DMTG), Soft Servo Systems Inc., Fagor Automation, GSK CNC equipment co. Ltd, HAAS Automation, Inc., Heidenhain Corporation, Hurco Companies, Inc., Mitsubishi Electric Corporation, Okuma Corporation, FANUC Corporation, and Sandvik AB. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.

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An increase in the demand for more accurate operation of manufacturing machines for high precision and implementation of advanced technologies such as robotics, industrial automation, and computer-aided manufacturing, and computer-aided engineering in automotive and healthcare industries drive the demand U.S. CNC machines industry during the forecast period.

In the U.S. CNC machines market based on machining tools, the lathe segment dominated the overall computer numeric control market in 2015 and is expected to continue this trend during the forecast period. This is attributed to the increase in the use of computer numeric control-related machinery and sensors in the digital manufacturing industry. Most healthcare organizations have started adopting these technologies to manufacture all healthcare equipment. All healthcare equipment is more sensitive and it needs high precision of geometrical dimensions and tolerances. Which improves the overall productivity of medical equipment and boosts the U.S. CNC machines industry.

According to U.S. CNC machines market trends depending on the industry vertical, the industry machinery segment dominated the computer numeric control market share in 2015, and is expected to continue this trend during the forecast period. The growth of the segment is attributed to rise in adoption of computer numeric control system in industrial machinery manufacturing and assembly. As this system is used to control robotic arm which is beneficial for performing crucial operations in industry.

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However, the automotive segment is expected to witness highest growth in the upcoming years as the demand for automotive vehicle and electrical vehicle is increases in upcoming years and the automotive component are very complicated to manufacture and takes more time to manufacture by manual operation. In addition, CNC machine increases precision as well as accuracy in the dimensions of component, which is anticipated to create lucrative opportunity in the market.

COVID-19 scenario-

• During the pandemic, establishments that organized computer numeric control earlier have been able to easily adapt to the new variant of virus due to lesser contact between humans and machines. Growing demand for CNC machines in the United States has boosted the market in more than one way.

• This trend is most likely to persist, since computer numeric control help organizations cope with the ongoing pandemic and maintain economically positive operations.

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