Computerized Numerical Control Market by Component (Hardware, Services, Software), Machine Type (CNC Grinding Machines, CNC Laser Cutting Machines, CNC Milling Machines), Application - Global Forecast 2024-2030

Computerized Numerical Control Market by Component (Hardware, Services, Software), Machine Type (CNC Grinding Machines, CNC Laser Cutting Machines, CNC Milling Machines), Application - Global Forecast 2024-2030

The Computerized Numerical Control Market size was estimated at USD 65.78 billion in 2023 and expected to reach USD 73.33 billion in 2024, at a CAGR 12.93% to reach USD 154.09 billion by 2030.

Computerized numerical control (CNC) is an advanced technology that includes pre-programmed software to automate and control the movement of machinery. This technology is extensively used in manufacturing industries for various equipment, including grinders, mills, routers, and lathes. The introduction of Industry 4.0 in the automation and manufacturing industry contributed to the expansion of CNC for seamless integration and smooth operation. Similarly, the increasing adoption of advanced CNC machines in electronics and medical devices has significantly impacted the growth of the CNC landscape. However, the frequent maintenance cost and complexity associated with implementing a CNC machine and software within manufacturing facilities is a subsequent concern for the end users. Companies are continuously working toward cutting costs and investing in research and development activities to address these challenges and provide better performance to their customers. Moreover, the technological advancements in machine learning and artificial intelligence (AI) are creating growth opportunities for industry players. The preference for energy-efficient CNC machines is contributing to the future expansion of CNC. Furthermore, the adoption of CNC in various sectors helps to increase accuracy, minimize errors, and meet the demands for precise and mass production.

Regional Insights

The need for computerized numerical control (CNC) machines in the Americas region, including the United States (U.S.) and Canada, reflects the robust and innovative manufacturing sector. The U.S., being a hub for technological advancements and entrepreneurship, showcases the latest CNC patents and ventures in the aerospace, automotive, and electronics industries, significantly propelling the adoption and consumption of CNC machines. The varied manufacturing industries across Europe, such as transportation, construction equipment, and general machinery, are witnessing a period of steady growth. As a result, this region has showcased increasing research and development activities and continuous investment initiatives. Furthermore, the Middle East and Africa region, known for their rich natural resources, are gradually shifting their economies toward industrialization, increasing the need for sophisticated CNC machines and software. However, there is a massive demand for CNC machines for manufacturing and healthcare applications in Asia-Pacific countries, including China, Japan, and India.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Computerized Numerical Control Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rise of Industry 4.0 and robotics automation and the need for manufacturing accuracy
    • Emphasis on customization and prototyping in automotive and aerospace industries
    • Increasing adoption of CNC machines in medical device and electronics production
    • Market Restraints
      • High energy consumption and need for frequent maintenance
      • Market Opportunities
        • Advancements in CNC machining and software technologies with AI & IoT
        • Emerging preference for energy-efficient CNC machining
        • Market Challenges
          • Technical complexity of CNC machines and software
          • Market Segmentation Analysis
            • Component: Emerging applications of software to provide user-friendly interfaces to CNC systems
            • Machine Type: Advancing applications of CNC laser cutting machines in manufacturing operations
            • Application: Exponential penetration of CNC machine in automotive industry to offer manufacturing accuracy and enhances productivity
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Computerized Numerical Control Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Computerized Numerical Control Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Cutting-Edge Computer Numerical Control (CNC) Lab Opens at Terra State
              
              Terra State Community College's opened a new CNC lab funded by the National Machinery of Tiffin, and through grants awarded by the Ohio Department of Education's Regionally Aligned Priorities in Delivering Skills program. The metal fabrication skilled trades have significantly benefited from the establishment of the National Machinery Advanced CNC Lab. The lab is equipped with CNC units that utilize pre programmed computer software to precisely control the movements of materials-cutting machines, enabling three-dimensional carving.
              
              Okuma America Corporation Launches Next-Generation CNC Machine
              
              Okuma America Corporation launched Okuma OSP-P500, their latest machine control for computer numeric control machine (CNC) tools. This advanced control system is designed to cater to the demands of modern high-speed and high-accuracy manufacturing processes. The OSP-P500 has dual-core computer processors that allow for simultaneous execution of multiple operations, reducing cycle times and improving production efficiency. With the introduction of the OSP-P500, Okuma aims to provide manufacturers with a cutting-edge solution that optimizes productivity and enhances overall operational performance.
              
              Sandvik Acquires CAM Post Processing Software Developer Postability
              
              Sandvik acquired Postability, a global software firm based in Canada that specializes in developing NC (numerical control) post processors for Mastercam. This acquisition was aimed to strengthen and complement Sandvik's existing portfolio of Computer Aided Manufacturing (CAM) solutions. With Postability's software solution, which includes CAM post-processing, machine simulation, and maintenance capabilities, customers can enhance their component designs and ensure their validity.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Computerized Numerical Control Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Computerized Numerical Control Market, highlighting leading vendors and their innovative profiles. These include AceMicromatic Group, Amada Co. Ltd., ANCA Pty Ltd, Autodesk Inc., Baoji Machine Tool Group Co., Ltd., Breton S.p.A., Datron AG, DMG Mori Co., Ltd., DN Solutions, E.T.M. Industries Inc., Ellison Technologies, Inc., EMAG GmbH & Co. KG, EMCO GmbH, FANUC Corporation, General Technology Group Dalian Machine Tool Co., Ltd., GROB-WERKE GmbH & Co. KG, Haas Automation, Inc., Hardinge Inc., HOMAG Group AG, Hurco Companies, Inc., HYUNDAI WIA CORP., Jinan Style Machinery Co., Ltd., JTEKT Corporation, Jyoti CNC Automation Ltd., Komatsu Ltd., Makino Milling Machine Co., Ltd., Matsuura Machinery Corporation, Mitsubishi Electric Corporation, Ningbo Haitian Precision Machinery Co., Ltd., Okuma Corporation, Omron Corporation, PRATIC CNC Technology Co., Ltd, Precision Machining and Fabrication Inc., Princeton Industrial Products, Qinchuan Machine Tool & Tool Group Corp., Roberson Machine Company, Schuler AG by ANDRITZ AG, Shenyang Machine Tool Co., Ltd., Sino Machinery Co.,Ltd., Soft Servo Systems, Inc., TAICNC Machine, TRUMPF SE + Co. KG, Valk Industries, Inc., Vectric Ltd, XL CNC Machines, XYZ Machine Tools Limited, and Yamazaki Mazak Corporation.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Computerized Numerical Control Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Component
              • Hardware
                • Controllers
                • Drives
                • Machine Bed
                • Motors
                • Spindle
                • Services
                  • Implementation & Maintenance
                  • Training & Support
                  • Software
                  • Machine Type
                    • CNC Grinding Machines
                    • CNC Laser Cutting Machines
                    • CNC Milling Machines
                    • Application
                      • Aerospace & Defense
                      • Automotive
                      • Electronics
                      • Industrial Machinery
                      • Medical Devices
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year