Global CNC Routers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global CNC Routers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A CNC router (Or Computer Numerical Control router) is a computer-controlled cutting machine related to the hand-held router used for cutting various hard materials, such as wood, composites, aluminum, steel, plastics, and foams. CNC stands for computer numerical control. CNC routers can perform the tasks of many carpentry shop machines such as the panel saw, the spindle moulder, and the boring machine.

Market Overview:

The latest research study on the global CNC Routers market finds that the global CNC Routers market reached a value of USD 797.93 million in 2022. It’s expected that the market will achieve USD 1049.29 million by 2028, exhibiting a CAGR of 4.67% during the forecast period.

Drivers

The Asia-Pacific region has experienced rapid economic growth and a large economic aggregate, leading the global economic growth. Market demand is growing rapidly, and as technology develops, the demand for high-end products will increase.

The South American economy is in the midst of development, and the potential opportunities are huge. The market will have better development in the future.

Limitations

In comparison to other manually functioned units, CNC router bits and CNC routers are a great deal much more costly.

Wood processing is one of the main applications of CNC Routers. Wood processing is limited by resources and policy protection, and the development speed is relatively slow, thus limiting the growth of downstream demand.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Haas Automation is one of the major players operating in the CNC Routers market, holding a share of 4.87% in 2017.

Haas Automation is the largest machine tool builder in the western world, manufacturing a complete line of CNC vertical machining centers, horizontal machining centers, CNC lathes, and rotary products.

Thermwood is a company that operates in the capital good sector focusing on manufacturing technology. They develop, manufacture and distribute technology-based products and software for manufacturing as well as provide formal technology training. Thermwood is an international company that markets its products and services through offices in 11 countries.

Segmentation Overview:

Among different product types, High End Models segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Plastic segment occupied the biggest share from 2017 to 2022.

Key Companies in the global CNC Routers market covered in Chapter 3:

Mehta
Ez Router, Inc.
ShopSabre
CNC-STEP
CanCam
StoneyCNC
Techno CNC Systems
Northwood
Biesse
HOMAG Group
C.R. Onsrud, Inc.
Haas Automation
Multicam Systems Pty Ltd
Zenbot CNC
Hendrick
MultiCam Inc.
Komo
Romaxx CNC
Thermwood
AXYZ International

In Chapter 4 and Chapter 14.2, on the basis of types, the CNC Routers market from 2018 to 2029 is primarily split into:

Low End Models
Mid-Range Models
High End Models

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the CNC Routers market from 2018 to 2029 covers:

Wood
Plastic
Metal
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)