Press release
Transformative Trends Impacting the Computer Numerical Control (CNC) Machinery Market Landscape: Technological Advancements In CN Machinery Market
Computer Numerical Control (CNC) Machinery Market
How Large Will the Computer Numerical Control (CNC) Machinery Market Size By 2025?
The market size of computer numerical control (CNC) machinery has seen substantial growth in the past few years. The market, which was worth $87.77 billion in 2024, is projected to increase to $95.27 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.5%. Factors that have spurred this growth during the historic period are a surge in demand from the aerospace and automotive sectors, the globalization of manufacturing processes, truncated product development cycles, cost effectiveness, labor economization, and the need for customized and complex product designs.
How Big Is the Computer Numerical Control (CNC) Machinery Market Size Expected to Grow by 2029?
There is a strong prediction for the expansion of the computer numerical control (CNC) machinery market in the upcoming years, with projections placing the market size at "$128.13 billion by 2029 with a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this forecasted growth include the increasing adoption of 5-axis and multi-tasking machines, the shift towards sustainable and environmentally conscious manufacturing, the growth in additive manufacturing, an upsurge in demand from the medical device manufacturing sector, and global reshoring strategies. The trend forecast for this period also includes the implementation of digital twin technology, progression in advanced technologies, the incorporation of industry 4.0 technologies, improved precision and accuracy, and cooperation between humans and machines.
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Which Key Market Drivers Powering Computer Numerical Control (CNC) Machinery Market Expansion and Growth?
The growth of the computer numerical control (CNC) machinery market is anticipated to be propelled by the rising demand for semiconductor production equipment. This kind of equipment, critical for the creation of semiconductors via atom manipulation, heavily relies on CNC machines. These machines enable a minimum surface tolerance and facilitate the production of cylindrical semiconductor components. As reported by the US-based international industry association, Semiconductor Equipment and Materials International (SEMI), the revenue from sales of semiconductor manufacturing equipment rose from $102.5 billion in 2021 to $108.5 billion in 2022, marking an increase of 5.69% in 2022 compared to 2021. This growing demand for semiconductor production equipment serves as a key driver for the expansion of the CNC machinery market.
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Which Fast-Growing Trends Are Poised to Disrupt the Computer Numerical Control (CNC) Machinery Market?
The rise of technological innovations is a significant trend gaining traction in the computer numerical control (CNC) machinery market. Businesses within the computer numerical control (CNC) machinery sector are embracing cutting-edge technologies to maintain their market standing. For instance, Robotiq Inc., a robotic applications provider based in Canada, launched a Machine Tending Application Solution for CNC machines in June 2022. The latest application solution incorporates automated technology that mimics the machine operator, potentially cutting implementation costs by up to 50%.
What Are the Emerging Segments in the Computer Numerical Control (CNC) Machinery Market?
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
Subsegments:
1) By Lathe Machines: CNC Lathes, CNC Turning Centers, Multi-Spindle Lathes
2) By Milling Machines: CNC Vertical Milling Machines, CNC Horizontal Milling Machines, CNC Bed Milling Machines
3) By Laser Machines: CNC Laser Cutting Machines, CNC Laser Engraving Machines, CNC Laser Marking Machines
4) By Grinding Machines: CNC Surface Grinding Machines, CNC Cylindrical Grinding Machines, CNC Tool And Cutter Grinding Machines
5) By Welding Machines: CNC MIG Welding Machines, CNC TIG Welding Machines, CNC Spot Welding Machines
6) By Winding Machines: CNC Coil Winding Machines, CNC Wire Winding Machines, CNC Tape Winding Machines
7) By Other Types: CNC Waterjet Cutting Machines, CNC Plasma Cutting Machines, CNC Electric Discharge Machines (EDM)
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Who Are the Global Leaders in the Computer Numerical Control (CNC) Machinery Market?
Major companies operating in the computer numerical control (CNC) machinery market include 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, 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., Sodic*k Co. Ltd., Citizen Machinery Co. Ltd., INDEX-Werke GmbH & Co. KG Hahn & Tessky, Mazak Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH
Which are the Top Profitable Regional Markets for the Computer Numerical Control (CNC) Machinery Industry?
Asia-Pacific was the largest region in the computer numerical control (CNC) machinery market in 2024 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
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