Global CNC Machine Market Growth 2023-2029

Global CNC Machine Market Growth 2023-2029

CNC is the short form for Computer Numerical control. We have seen that the NC machine works as per the program of instructions fed into the controller unit of the machine. The CNC machine comprises of the mini computer or the microcomputer that acts as the controller unit of the machine. While in the NC machine the program is fed into the punch cards, in CNC machines the program of instructions is fed directly into the computer via a small board similar to the traditional keyboard.
LPI (LP Information)' newest research report, the “CNC Machine Industry Forecast” looks at past sales and reviews total world CNC Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected CNC Machine sales for 2023 through 2029. With CNC Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CNC Machine industry.
This Insight Report provides a comprehensive analysis of the global CNC Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CNC Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global CNC Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CNC Machine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CNC Machine.
The global CNC Machine market size is projected to grow from US$ 19920 million in 2022 to US$ 30500 million in 2029; it is expected to grow at a CAGR of 30500 from 2023 to 2029.
Global CNC machine key players include Yamazaki Mazak, DMG Mori Seiki, TRUMPF, etc. Global top 5 manufacturers hold a share about 45%.
Europe is the largest market, with a share over 40%, followed by APAC and America, have a share about 55 percent.
In terms of product, CNC lathe is the largest segment, with a share about 65%. And in terms of application, the largest application is automobile, followed by machinery manufacturing, aerospace & defense, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of CNC Machine market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CNC Lathe
CNC Milling Machine
CNC Grinding machine
Others
Segmentation by application
Machinery manufacturing
Automobile
Aerospace & Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Yamazaki Mazak
DMG Mori Seiki
TRUMPF
Okuma Corporation
JTEKT Corporation
Makino
GROB-WERKE
Doosan Machine Tools
Haas Automation
GF Machining Solutions
EMAG
Hyundai WIA
Chiron Group
Hermle
Fair Friend Group
Starrag Group
INDEX-Werke
Nidec Machine Tool Corporation
Hardinge Group
Hurco
Haitian Precision
TORNOS
Qinchuan
Rifa Precision
Key Questions Addressed in this Report
What is the 10-year outlook for the global CNC Machine market?
What factors are driving CNC Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do CNC Machine market opportunities vary by end market size?
How does CNC Machine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.