Computer numerical control (CNC) is the process of automating machine tools through software embedded in them. It generates a computer-aided design that connects various components of machines such as controllers, sensors, and programmable logic controller (PLC) drives to a secure network. It provides precision, enhanced accuracy, better contour machining to produce 3D designs, and more speed and flexibility than manual machines. It also helps automate processes, thus eliminating or reducing the need for manual labor. Owing to these properties, CNC is widely used to perform various manufacturing processes such as shaping, grinding, bending, cutting, welding, gluing, drilling, and hole punching.
Global Computer Numerical Control (CNC) Market Growth:
According to the latest report by IMARC Group, titled “Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global Computer Numerical Control (CNC) Market Size reached a value of US$ 75.7 Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.1% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Global Computer Numerical Control Market Trends:
The market is primarily driven by the escalating demand for large-scale automation across various industries to reduce overall operational costs and eliminate the risk of human errors. In addition, the advent of advanced applications that notify the status of the CNC machine to their operators and supervisors on computers and smartphones represents another major growth-inducing factor. Besides this, key players are integrating 3D printing techniques with CNC machines to help manufacture complex curved geometries, reduce resource wastage, and enhance multi-material capability. This, coupled with the implementation of favorable government initiatives to support the establishment of manufacturing units, is positively influencing the market growth. Moreover, the rising utilization of CNC machines in the automotive industry to manufacture high-quality and complex vehicle parts is also creating a positive market outlook across the globe.
Some of the top manufacturers in the Computer Numerical Control (CNC) Machine Market include:
- Mondragon Corporation
- GSK CNC Equipment Co., Ltd.
- Soft Servo Systems, Inc.
- Johannes Heidenhain GmbH
- Bosch Rexroth AG
- Siemens AG
- Sandvik AB
- Haas Automation, Inc.
- Mitsubishi Electric Corporation
- FANUC Corporation.
Market Breakup by Machine Type:
- Lathe Machines
- Milling Machines
- Laser Machines
- Grinding Machines
- Welding Machines
- Winding Machines
Market Breakup by End Use Industry:
- Aerospace and Defense
Market Breakup by Region
- North America
- Asia Pacific
- The Middle East and Africa
- Latin America.
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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