Computer Numerical Controls (CNC) Machines
Global Computer Numerical Controls (CNC) Machines Market to Reach $118.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Computer Numerical Controls (CNC) Machines estimated at US$75.6 Billion in the year 2022, is projected to reach a revised size of US$118.1 Billion by 2030, growing at aCAGR of 5.7% over the period 2022-2030. Lathe Machines, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$37.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Milling Machines segment is readjusted to a revised 6.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $20.2 Billion, While China is Forecast to Grow at 8.8% CAGR
The Computer Numerical Controls (CNC) Machines market in the U.S. is estimated at US$20.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.2 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
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