U.S. CNC Machines Market to Reach $4,009.59 Million by 2030 - Precision & Automation Driving Growth

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.

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CNC (Computer Numerical Control) machines in the U.S. refer to automated manufacturing tools controlled by computer programming to perform precise cutting, milling, drilling, and other machining operations. These machines enhance efficiency, accuracy, and productivity in industries such as aerospace, automotive, healthcare, and electronics.

U.S. is expected to exhibit highest growth during the forecast period, as adoption of C.N.C Machine is prominent in this country, owing to growing manufacturing sector in this country.

Surge in use advanced technologies and smart devices in manufacturing company as well as ongoing developments in digital technology in this region are expected to be the key factors facilitating growth of the C.N.C machine market. In addition, top key players of U.S. CNC market are developing new ways for human and machine interaction will boost adoption of CNC machine in the U.S.

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

COVID-19 scenario-

1. 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.

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

The U.S. CNC machines market is analyzed across machine tool type and industry vertical. 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.

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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.

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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