Press release
Computer Numerical Control Market to Significant Growth Foreseen by 2024
Computer numerical controls finds its application in both machine tool and non-machine tool categories. Under the machine tools category CNC is used for drill press, lathe machines, milling machines, sheet metal, laser and tube bending among others. Additionally, highly automated machinery at turning and machining centers are now being controlled using the computer numerical controlling systems. Welding machines, electronic assembly, coordinate measuring machinery, filament winding machinery and tape laying machines among others are included the non-machine tool category.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10921
The increasing demand for machine tools is one of the major factor that drives the growth of the computer numerical control market. Other factor that is contributing to the growth of the market is the upsurge in retrofit segment. The major demand comes from the automotive segment and aerospace segment. It is expected that other segments such as woodworking, healthcare, food industries and jewelry would soon adopt computer controlled machineries. Computer numerical controlled machines needs high investment and skilled labor to operate them, so these could act as restraints for the growth of the market.
To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/10921
The dominating players in the computer numerical control market are, Siemens AG, Fanuc Corp. and Mitsubishi Electric Corporation. Other vendors in the market includes Fagor Automation, Soft Servo Systems, Bosch Rexroth AG, Sieb and Meyer AG, Heidenhain GmbH and GSK Computer Numerical Control Co. Ltd.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Computer Numerical Control Market to Significant Growth Foreseen by 2024 here
News-ID: 545402 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Numerical
Key Trends Reshaping the Computer Numerical Control Market: Product Innovations …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Computer Numerical Control Market Size Growth Forecast: What to Expect by 2025?
The market size of computer numerical control has witnessed significant growth in the recent past. With a projected expansion from $17.13 billion in 2024 to $18.13 billion in 2025, it has a compound annual growth rate (CAGR) of 5.8%. Factors attributing to…
Computer Numerical Controls (CNC) - A Comprehensive Analysis
Computer Numerical Control (CNC) Machining is the procedure through which computers control machine-based processes in manufacturing. The kinds of machines controlled include routers, mills, lathes, and grinders, all that is used for the manufacturing of metal and plastic products.
Download PDF Sample at https://www.theinsightpartners.com/sample/TIPRE00010104/?utm_source=Openpr&utm_medium=10396
These computer numerical control machines well organized various operational processes by reducing minimizing human error and production time. Additionally, a highly competitive market has encouraged players to focus…
CNC (Computer Numerical Control) Machine Industry
The CNC (Computer Numerical Control) Machine Industry Size, Share, and Overview research report Forecast 2023-2029 offer a comprehensive overview of the market, including current trends and forecast growth in terms of service and products. The reader may use this information to better understand the market under consideration's quantitative growth elements. This research focuses on crucial market growth indicators and examines revenue development, value chain analysis, and geography studies in great…
Computer Numerical Controls Market Opportunities and Forecast Assessment 2025
“Computer Numerical Control (CNC) Market published by Trends market research (TMR), forecasts that the global market is expected to garner $XX Million by 2025, registering a CAGR of XX% during the period 2018- 2025.The industrial machinery sector is expected to dominate the global CNC market during the assessment period. Europe is expected to be the leading contributor to the global revenue during the forecast period.
Evolution of Internet of Things (IoT)…
Global Computerized Numerical Control Market Size, Status and Forecast
This report focuses on the global Computerized Numerical Control status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Computerized Numerical Control development in United States, Europe and China. Computer numerical control (CNC) is the automation of machine tools by means of computers executing pre-programmed sequences of machine control commands. The key factor contributing to the computerized numerical control market is the growth…
Innovation to Drive Computer Numerical Control Market 2024
Computer Numerical Control is a system in which a computer program coded in alphanumerical codes is installed to control the motions and functions of a machine. The computer numerical control consist of basic components namely, part program, machine tool and part program. With these systems installed on a machine, the machines becomes capable of providing high accuracy, reduced manufacturing time, greater flexibility, contour machining, and minimized human error.
Computer numerical controls…
