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Computer Numerical Control (CNC) Machinery Market 2024 Size, Growth, Market Analysis, Segmentation, And Forecast To 2033
Computer Numerical Control (CNC) Machinery Market
Computer Numerical Control (CNC) Machinery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $118.58 billion In 2028 At A CAGR Of 7.6% :
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.
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Computer Numerical Control (CNC) Machinery Market Major Segments
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
Key Driver - Surge In Demand For Cnc Machinery Fueled By Growing Semiconductor Production Equipment Needs
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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Prominent Trend - Technological Advancements In Cnc Machinery Market
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.
Computer Numerical Control (CNC) Machinery Market Players
Major companies operating in the computer numerical control (cnc) machinery market report are Haas Automation Inc., Dalian Machine Tool Group (DMTG) Corporation, FANUC CORPORATION, DMG Mori Seiki Co. Ltd., Hurco Companies Inc., Amada Machinery Co. Ltd., MAG IAS GmbH, Sandvik AB, Hyundai WIA Corporation, Amera-Seiki Corporation, Yamazaki Mazak Corporation, Makino Milling Machine Co. Ltd., JTEKT Corporation, Ellison Technologies Inc., Okuma Corporation, DN SOLUTIONS, GF Machining Solutions Management SA, CHIRON Group SE, GROB-WERKE GmbH & Co. KG, EMAG GmbH & Co. KG, Hermle Inc., DAES Group, Simplex Industrial Solutions and Software, Doosan Machine Tools Co. Ltd., Sodi*ck Co. Ltd., Citizen Machinery Co. Ltd., INDEX-Werke GmbH & Co. KG Hahn & Tessky, Mazak Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the computer numerical control (CNC) machinery market in 2023 and is expected to be the fastest-growing region in the global computer numerical control (CNC) machinery market report during the forecast period. The regions covered in the computer numerical control (cnc) machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Computer Numerical Control (CNC) Machinery Market Report Structure
3. Computer Numerical Control (CNC) Machinery Market Trends And Strategies
4. Computer Numerical Control (CNC) Machinery Market - Macro Economic Scenario
5. Computer Numerical Control (CNC) Machinery Market Size And Growth
…..
27. Computer Numerical Control (CNC) Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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