09-28-2017 05:56 PM CET - Advertising, Media Consulting, Marketing Research
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Global CNC Controller Market Witness a Robust Expansion with a CAGR of 4.0% by 2024

Press release from: Data Bridge Market Research
Global CNC Controller Market
Global CNC Controller Market


The Global CNC Controller Market accounted to USD 3.0 billion in 2016 growing at a CAGR of 4.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global CNC Controller Major Market Drivers and Restraints:
• Adoption of Industrial Automation in Manufacturing Sector
• Ability to Reduce Operating Cost and Enhance Production Efficiency
• Demand for Mass Production
• High Investment Cost Required for Implementation of CNC Machines
• Integration of 3d Printing Technology With CNC Machines

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The market is segmented on the basis of technology, defense type, end-user and geography.

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On the basis of hardware the CNC Controller Market is segmented into CNC Machines, CNC Products. The CNC products market is expected to grow in the forecasted period.

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On the basis of software & services the CNC Controller Market is segmented into Software and Service. The software market is expected to grow in the forecasted period.

On the basis of axis the CNC Controller Market is segmented into Axis CNC Machine, Multiaxis CNC Machine. The Multiaxis market is expected to grow in the forecasted period.

Based on Geography the market is segmented into five geographical regions:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Some of the major players operating in CNC Controller Market are Fanuc Corporation, Siemens AG, Mitsubishi Electric Corporation, DMG Mori Co., Ltd., Hurco Companies, Inc., Okuma Corporation, Wuhan Huazhong Numerical Control Co. Ltd., Bosch Rexroth AG, Fagor Automation, Haas Automation, Inc., Yamazaki Mazak Corporation, Machine Tool Technologies Ltd (MTT), Simplex, Xometry, YUG Machine Tools among others. In 2017, Fanuc corporation has introduced its new R-30iB Plus robot controller, designed to simplify the use of robots and automation in manufacturing.

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