CNC Machinery Market By Type (Lathe Machines, Milling Machines, Grinding Machines, Drilling Machine, Laser Machines, Others), By Application (Automotive, Construction Equipment, Aerospace and Defense, Power and Energy, Industrial Machinery, Others), By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global CNC machinery market size was valued at $66,535.6 million in 2020, and is projected to reach $130,136.7 million by 2032, registering a CAGR of 5.6% from 2023 to 2032. The computer numerical control (CNC) machines use preprogrammed computer software to automate the movement, control, and precision of machine tools. CNC machines transform a piece of material such as metal, wood, plastic, stone, and others. They are used to remove material by means of one cutting edge, in shaping, milling, drilling, grinding turning, plaining and other similar operations.
Rise in popularity and technological advancements in additive manufacturing which has increased the demand for CNC machinery. Factors such as growth of the automotive and aerospace industry, and advantages of CNC lathe machines. Machine tools such as lathe machines are an integral part of this ecosystem and play a key role in achieving smart and sustainable manufacturing. Usage of smart machine tools enables companies to reduce energy consumption and increase operational efficiency. Usage of equipment such as electric drives and integrated hydraulic systems increases the operational efficiency and capacity. The effective design of such equipment enhances the heat dissipation, thereby reducing the cooling requirements. Integrating automation systems with energy intelligent systems helps users monitor the performance of the machines and provide them with key data on energy consumption. The slowdown of global manufacturing industry will restrain market growth.
Advancements in manufacturing technology offer lucrative growth opportunities for the market during the forecast period. The increase in demand for automation in factories is increasing the adoption of CNC machinery. The increase in adoption of industry 4.0 is pushing the need for interconnected machinery that successively is driving machines conducive to predictive maintenance. Moreover, it is here where more CNC cutting tool are projected to be put to use. In addition, the rise in demand from various other sectors such as electronics, construction, and automotive also are boosting market growth.
The CNC machinery market is segmented into type, application, sales channel, and region. By type, the market is categorized into lathe machines, milling machines, grinding machines, drilling machine, laser machines, and others. By application, the market is segmented into automotive, construction equipment, aerospace and defense, power and energy, industrial machinery, and others. By sales channel, the market is categorized into original equipment manufacturer (OEM) and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 pandemic forced many companies in the global market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, a halt in industrial activities and lockdowns for several months has affected the global market in 2020.
The key players profiled in the CNC machinery market report include Amada Machine Tools Co., Ltd., Amera Seiki, DMG Mori Co., Ltd., General Technology Group, Dalian Machine Tool Co., Ltd., Datron AGFANUC Corporation, HAAS AUTOMATION, INC., Hurco Companies, Inc., Okuma Corporation., and Shenyang Machine Tool Part Co., Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cnc machinery market analysis from 2020 to 2032 to identify the prevailing cnc machinery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cnc machinery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cnc machinery market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeLathe Machines
Milling Machines
Grinding Machines
Drilling Machine
Laser Machines
Others
By ApplicationAutomotive
Construction Equipment
Aerospace and Defense
Power and Energy
Industrial Machinery
Others
By Sales ChannelOriginal Equipment Manufacturer (OEM)
Aftermarket
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersDMG Mori Co., Ltd.
Datron AG
FANUC Corporation
Okuma Corporation.
Amera Seiki
Amada Machine Tools Co., Ltd.
Shenyang Machine Tool Part Co., Ltd.
HAAS AUTOMATION, INC.
Hurco Companies, Inc.
General Technology Group Dalian Machine Tool Co., Ltd.
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