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Computerized Numerical Control Market worth $154.09 billion by 2030, growing at a CAGR of 12.93% - Exclusive Report by 360iResearch
Computerized Numerical Control Market | 360iResearch
The Global Computerized Numerical Control Market to grow from USD 65.78 billion in 2023 to USD 154.09 billion by 2030, at a CAGR of 12.93%.
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Computerized numerical control (CNC) is an advanced technology that includes pre-programmed software to automate and control the movement of machinery. This technology is extensively used in manufacturing industries for various equipment, including grinders, mills, routers, and lathes. The introduction of Industry 4.0 in the automation and manufacturing industry contributed to the expansion of CNC for seamless integration and smooth operation. Similarly, the increasing adoption of advanced CNC machines in electronics and medical devices has significantly impacted the growth of the CNC landscape. However, the frequent maintenance cost and complexity associated with implementing a CNC machine and software within manufacturing facilities is a subsequent concern for the end users. Companies are continuously working toward cutting costs and investing in research and development activities to address these challenges and provide better performance to their customers. Moreover, the technological advancements in machine learning and artificial intelligence (AI) are creating growth opportunities for industry players. The preference for energy-efficient CNC machines is contributing to the future expansion of CNC. Furthermore, the adoption of CNC in various sectors helps to increase accuracy, minimize errors, and meet the demands for precise and mass production.
The need for computerized numerical control (CNC) machines in the Americas region, including the United States (U.S.) and Canada, reflects the robust and innovative manufacturing sector. The U.S., being a hub for technological advancements and entrepreneurship, showcases the latest CNC patents and ventures in the aerospace, automotive, and electronics industries, significantly propelling the adoption and consumption of CNC machines. The varied manufacturing industries across Europe, such as transportation, construction equipment, and general machinery, are witnessing a period of steady growth. As a result, this region has showcased increasing research and development activities and continuous investment initiatives. Furthermore, the Middle East and Africa region, known for their rich natural resources, are gradually shifting their economies toward industrialization, increasing the need for sophisticated CNC machines and software. However, there is a massive demand for CNC machines for manufacturing and healthcare applications in Asia-Pacific countries, including China, Japan, and India.
Market Segmentation & Coverage:
This research report categorizes the Computerized Numerical Control Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Controllers, Drives, Machine Bed, Motors, and Spindle. The Services is further studied across Implementation & Maintenance and Training & Support. The Hardware commanded largest market share of 51.87% in 2023, followed by Software.
Based on Machine Type, market is studied across CNC Grinding Machines, CNC Laser Cutting Machines, and CNC Milling Machines. The CNC Grinding Machines commanded largest market share of 36.74% in 2023, followed by CNC Laser Cutting Machines.
Based on Application, market is studied across Aerospace & Defense, Automotive, Electronics, Industrial Machinery, and Medical Devices. The Industrial Machinery commanded largest market share of 28.67% in 2023, followed by Automotive.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.89% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Computerized Numerical Control Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Computerized Numerical Control Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Computerized Numerical Control Market, highlighting leading vendors and their innovative profiles. These include AceMicromatic Group, Amada Co. Ltd., ANCA Pty Ltd, Autodesk Inc., Baoji Machine Tool Group Co., Ltd., Breton S.p.A., Datron AG, DMG Mori Co., Ltd., DN Solutions, E.T.M. Industries Inc., Ellison Technologies, Inc., EMAG GmbH & Co. KG, EMCO GmbH, FANUC Corporation, General Technology Group Dalian Machine Tool Co., Ltd., GROB-WERKE GmbH & Co. KG, Haas Automation, Inc., Hardinge Inc., HOMAG Group AG, Hurco Companies, Inc., HYUNDAI WIA CORP., Jinan Style Machinery Co., Ltd., JTEKT Corporation, Jyoti CNC Automation Ltd., Komatsu Ltd., Makino Milling Machine Co., Ltd., Matsuura Machinery Corporation, Mitsubishi Electric Corporation, Ningbo Haitian Precision Machinery Co., Ltd., Okuma Corporation, Omron Corporation, PRATIC CNC Technology Co., Ltd, Precision Machining and Fabrication Inc., Princeton Industrial Products, Qinchuan Machine Tool & Tool Group Corp., Roberson Machine Company, Schuler AG by ANDRITZ AG, Shenyang Machine Tool Co., Ltd., Sino Machinery Co.,Ltd., Soft Servo Systems, Inc., TAICNC Machine, TRUMPF SE + Co. KG, Valk Industries, Inc., Vectric Ltd, XL CNC Machines, XYZ Machine Tools Limited, and Yamazaki Mazak Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Computerized Numerical Control Market, by Component
7. Computerized Numerical Control Market, by Machine Type
8. Computerized Numerical Control Market, by Application
9. Americas Computerized Numerical Control Market
10. Asia-Pacific Computerized Numerical Control Market
11. Europe, Middle East & Africa Computerized Numerical Control Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Computerized Numerical Control Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Computerized Numerical Control Market?
3. What is the competitive strategic window for opportunities in the Computerized Numerical Control Market?
4. What are the technology trends and regulatory frameworks in the Computerized Numerical Control Market?
5. What is the market share of the leading vendors in the Computerized Numerical Control Market?
6. What modes and strategic moves are considered suitable for entering the Computerized Numerical Control Market?
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