Press release
CNC Machine Tools Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
CNC Machine Tools Market
The increase in manufacturing activities is predicted to spur the expansion of the CNC machine tool market in the future. The term 'manufacturing activities' is used to describe the transformation of raw materials, parts, or components into finished products, which are ready for consumer use or to be employed in various other industries. The use of computer numerical control machine tools in these activities allows for the automated control of precision machinery and movement via inbuilt software in the machine tools. As manufacturing activities proliferate, dependence on CNC machine tools also escalates. For instance, in September of 2024, the National Association of Manufacturers (NAM), a US-based advocacy group, reported an increase in the value-added output in the manufacturing sector, growing from an annual rate of $2.881 trillion in the first quarter (Q1) to $2.910 trillion in the second quarter (Q2). Manufacturing, in the second quarter, accounted for 10.0% of the total value-added output in the US economy. Also, the real value-added output in manufacturing saw a rise from $2.337 trillion annually in Q1 to $2.384 trillion in Q2. Thus, the surge in manufacturing activities is steering the growth of the CNC machine tool market.
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What Is the projected market size and growth rate for the cnc machine tools market?
The market size of CNC machine tools has been consistently expanding over the recent years. The market is predicted to increase from $28.11 billion in 2024 to $29.5 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. Factors such as heritage restoration projects, the favorability of sturdy materials, cultural importance, public infrastructure projects and the lack of alternatives previously, contribute to the growth experienced in the past.
The market size for CNC machine tools is predicted to experience significant expansion in the upcoming years, reaching $36.33 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. This anticipated growth during the forecasted timeframe can be ascribed to factors such as the use of diverse material designs, the designing of community and public spaces, the expansion of design globalization, strides made in durability, and traditional material-favouring regulations. The future trends forecasted for this period take into account a range of colors and finishes, innovative installation methods, technologically integrated smart landscaping, customised solutions for contemporary applications, and a focus on craftsmanship and artistic expression.
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What new trends are reshaping the cnc machine tools market and its opportunities?
The ongoing evolution in technology is a major trend emerging in the CNC machine tool industry. To maintain their standing in the market, firms in this sector are integrating new technologies into their operations. For example, in June 2022, CNC machine tool manufacturer LMW Machine Tool from India released two innovative machines: the JG 50 Vertical Machining Center and the LF20C Twin G Twin Turret Chucker. The JG 50 is a compact, fast-moving column vertical machining center (VMC) engineered to meet the modern industry's needs for high-precision and large-scale production. After intensive testing, this machine guarantees accuracy and adheres to the strictest quality standards for bulk manufacturing. Meanwhile, the LF20C Twin G, often referred to as a Chucker, is a highly productive turning machine. It boasts dual spindles and dual turrets, practically merging two CNC Turning Centers into one unit.
What major market segments define the scope and growth of the cnc machine tools market?
The CNC machine tools market covered in this report is segmented -
1) By Product Type: Milling Machines, Drilling Machines, Grinding Machines, Other Product Types
2) By Material: Aluminum, Stainless steel, Titanium, Other Material
3) By Application: Automotive, General Machinery, Precision Engineering, Transport Machinery, Other Applications
Subsegments:
1) By Milling Machines: Vertical Milling Machines, Horizontal Milling Machines, Universal Milling Machines, CNC Bed Type Milling Machines, CNC Gantry Milling Machines
2) By Drilling Machines: CNC Vertical Drilling Machines, CNC Horizontal Drilling Machines, CNC Radial Drilling Machines, CNC Deep Hole Drilling Machines, CNC Multi-Spindle Drilling Machines
3) By Grinding Machines: CNC Surface Grinding Machines, CNC Cylindrical Grinding Machines, CNC Tool And Cutter Grinding Machines, CNC Internal Grinding Machines, CNC Centerless Grinding Machines
4) By Other Product Types: CNC Lathes, CNC Plasma Cutting Machines, CNC Laser Cutting Machines, CNC Electric Discharge Machines (EDM), CNC Waterjet Cutting Machines
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Which region dominates the cnc machine tools market?
Asia-pacific was the largest region in the CNC machine tools market in 2024. The regions covered in the CNC machine tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the cnc machine tools industry growth?
Major companies operating in the CNC machine tools market include Amada Co. Ltd., Yamazaki Mazak Corporation, DMG MORI CO. LTD., TRUMPF Group, Dalian Machine Tool Group Corporation, Haas Automation Inc., Okuma Corporation, Shenyang Machine Tool Co. Ltd., Hurco Companies Inc., JTEKT Corporation, Makino Milling Machine Co. Ltd., GROB-WERKE GmbH & Co. KG., Doosan Machine Tools Co. Ltd., Haitian Precision Machinery Co. Ltd., Gleason Corporation, 3A Composites, FANUC Corporation, GF Machining Solutions Management SA, Chiron Group, Komatsu NTC Ltd., Schuler AG, INDEX-Werke GmbH & Co. KG Hahn & Tessky, Hardinge Inc., Gosiger Tools Inc., Elite Tool Engineering Inc., Central Machinery Tools Inc., Detroit Machine Tools, Hermle Inc., Mitsubishi Electric Power Products Inc., Nakamura-Tome Precision Engineering Co. Ltd.
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What Is Covered In The CNC Machine Tools Global Market Report?
• Market Size Forecast: Examine the cnc machine tools market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cnc machine tools market for a structured understanding.
• Key Players Overview: Analyze major players in the cnc machine tools market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cnc machine tools market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cnc machine tools market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cnc machine tools market.
• Industry Challenges: Identify potential risks and obstacles affecting the cnc machine tools market.
• Competitive Landscape: Review strategic developments in the cnc machine tools market, including expansions, agreements, and new product launches.
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