Global CNC Machine Tools Market 2025-2029

Global CNC Machine Tools Market 2024-2028

The CNC machine tools market is forecasted to grow by USD 23.23 bn during 2023-2028, accelerating at a CAGR of 5.99% during the forecast period. The report on the CNC machine tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for high-precision and multi-axis machining centers in various industries, integration of additive manufacturing with CNC machine tools for hybrid manufacturing, and a growing focus on additive manufacturing.

Technavio's CNC machine tools market is segmented as below:

By Product

• CNC lathe machines
• CNC milling machines
• Grinding and others

By End-user

• Automotive
• Industrial machinery
• Precision engineering
• Transportation
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the technological advancements CNC machine tool technology as one of the prime reasons driving the CNC machine tools market growth during the next few years. Also, rising focus on industry 4.0 and smart manufacturing and rise in strategic partnerships among vendors will lead to sizable demand in the market.

The report on the CNC machine tools market covers the following areas:

• CNC machine tools market sizing
• CNC machine tools market forecast
• CNC machine tools market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading CNC machine tools market vendors that include Amada Co. Ltd., ANCA Pty Ltd., Andritz AG, Bendable Technology Solutions Pvt Ltd., Chiron Group SE, DMG MORI Co. Ltd., EIT Manufacturing Central GmbH, EMAG GmbH and Co. KG, FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, General Technology Group Dalian Machine Tool Co. Ltd., GF Machining Solutions AG, Haas Automation Inc., Hurco Companies Inc., HWACHEON MACHINERY CO., LTD, INDEX-Werke GmbH and Co. KG Hahn and Tessky, JTEKT Machinery Americas Corp., Kitamura Machinery Co., Ltd., Makino Inc., Mills CNC Ltd., Mitsui Seiki Kogyo Co., Ltd., Okuma Corp., Phillips Machine Tools India Pvt. Ltd., and Yamazaki Mazak Corp.. Also, the CNC machine tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.