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Rising Manufacturing Activities Fueling Growth In The CNC Machine Tool Market: An Emerging Driver Transforming The CNC Machine Tools Market Landscape
CNC Machine Tools
What Is the Projected Growth of the CNC Machine Tools Market?
The CNC Machine Tools Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the CNC Machine Tools Market?
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What Are the Different CNC Machine Tools Market Segments?
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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What Are the Primary Drivers Shaping the CNC Machine Tools Market?
The CNC machine tool market's expansion is anticipated to be fueled by an upswing in manufacturing activities. Such activities, which involve converting raw materials, parts, or components into completed products for sale or use in other sectors, rely heavily on computer numerical control machine tools. These highly specialized tools allow for precise, automated control and operation of equipment via inbuilt software. As manufacturing activities expand, dependence on CNC machine tools concurrently increases. As an example, the National Association of Manufacturers (NAM), a US advocacy body, reported in September 2024 that the value-added output from manufacturing escalated from $2.881 trillion in Q1 to $2.910 trillion in Q2 of the same year. During the second quarter, manufacturing contributed 10.0% to the total value-added output across the US economy. Plus, the real value-added output in the manufacturing sector rose from $2.337 trillion in Q1 to $2.384 trillion in Q2 annually. Consequently, the escalation in manufacturing activities is leading to the expansion of the CNC machine tool market.
Which Companies Are Leading in the CNC Machine Tools Market?
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.
What Are the Major Trends Shaping the CNC Machine Tools Market?
The CNC machine tool market is seeing a surge in technology advancements playing a pivotal role. To maintain their market standing, the firms operating in this sphere are embracing innovative technologies. For instance, LMW Machine Tool, a CNC machine creator from India, debuted two new machines, the JG 50 Vertical Machining Center and LF20C Twin G Twin Turret Chucker, in June 2022. The JG 50 is a small, fast-moving column vertical machining center (VMC) devised to meet the contemporary industry's needs for superior accuracy and high production capacity. Rigorous tests have been carried out to ensure its precision and adherence to strict quality parameters for bulk production. Meanwhile, the LF20C Twin G is a high-output turning machine, or Chucker, fitted with two spindles and two turrets, effectively merging two CNC Turning Centers into one apparatus.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the CNC Machine Tools Market?
2. What is the CAGR expected in the CNC Machine Tools Market?
3. What Are the Key Innovations Transforming the CNC Machine Tools Industry?
4. Which Region Is Leading the CNC Machine Tools Market?
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