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High Need for Mass Production and Lack of Skilled Labors Shall Pace the Global Computer Numerical Controls (CNC) Market

08-01-2017 01:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

Variant Market Research

Variant Market Research

Global Computer Numerical Controls (CNC) Market Report, published by Variant Market Research, forecast that the global market is expected to reach $87 billion by 2024 from $51 billion in 2016; growing at a CAGR of 6.9% from 2016 to 2024. By geography, North America and Europe are expected to grow at a CAGR of 7.6% and 7.1%, respectively, during the forecast period.
High need for mass production and rising disposable income in emerging economies, are the factors supporting growth of the global computer numerical controls market. Moreover, lack of skilled labors and rising number of small manufacturing units with need for automated machines are boosting the market. However, high maintenance cost of machines and non-availability of skilled programmers would restraint the growth of the CNC market. Additionally, technological advancement and rising R&D on new applications would provide market opportunities in the upcoming years.

Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/information-and-communication-technology-ict/computer-cumerical-controls-cnc-market

The global CNC market has been segregated into type and applications. By type, the market is sub segmented into milling machines, lasers, lathe machines, welding machines, winding machines, grinding units, and other machines. In 2016, lathe machines accounted for the largest market share accounting for 19.2%, followed by welding machine holding 15.6%. Moreover, the application segment is bifurcated into industrial, automotive, power & energy, defense & aerospace, and others. Automotive is anticipated to grow at the fastest CAGR during 2016 - 2024, driven by the need for automotive parts in bulk quantity along with precision and accuracy.

Get Sample Report @ https://www.variantmarketresearch.com/report-categories/information-and-communication-technology-ict/computer-cumerical-controls-cnc-market/sample-request

Geographically, the computer numerical controls market is segregated into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific accounted for the largest market share of 35%, driven by growing industrialization and increasing standards of living especially in developing regions such as India. In 2016, North America dominated the market growing at the fastest CAGR during the forecast period 2016 – 2022, driven by the need for high resolution devices to reduce human errors and growing investments on automations.

Major key players operating in the CNC market are Siemens AG, Haas Automation Inc., Dr. Johannes Heidenhain GmbH, Mitsubishi Electric Corp., Bosch Rexroth AG, Fanuc Corporation, Fagor Automation, Soft Servo Systems, GSK CNC EQUIPMENT Co. Ltd., and Sieb & Meyer AG, among others.

About Variant Market Research:
Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."
The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, "We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry." We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company's future ahead with our support and your esteemed cooperation.

For information, contact:
VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
Email: help@variantmarketresearch.com
Address: 649 Mission St., 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786

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