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

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

Desktop CNC Machines are automated conventional machines can be mounted on a work bench in which the motion and function are controlled by means of a computer. The computer executes machine control commands to perform machining on a workpiece. This facilitates the production of identical parts in high volumes without compromising on quality.

Market Overview:

The latest research study on the global Desktop CNC Machines market finds that the global Desktop CNC Machines market reached a value of USD 426.0 million in 2022. It’s expected that the market will achieve USD 658.14 million by 2028, exhibiting a CAGR of 7.52% during the forecast period.

Extensive use of Desktop CNC software

Moreover, extensive use of Desktop CNC applications in various industries in order to perform smooth operations thereby minimizing human intervention, would also drive the market in upcoming years. Adequate man-power along with increasing use of Desktop CNC technology is expected to improve the productivity to meet the increasing demand in the world market. Heavy R&D investments owing to rising Desktop CNC demand among end-users to enhance the machine design that allows multiple operations including facing, drilling, cutting and grinding would drive the market further. The Desktop CNC machines acquire less floor space, which provides ease in working and does not require any operator or supervisor to constantly monitor the machine operations. In addition, this reduces the need for manual labor and saves operational costs, which is expected to fuel the market demand over the forecast period.

Price Fluctuations of Raw Material

In a whole, the price of raw materials will be in a fluctuation state, which increase the uncertainty about the cost of the industry, sometimes, lead to high cost.

Fierce Competition

Although desktop CNC machines have certain technical barriers, with the technological progress and development of emerging countries, industry competition has intensified. Generally, healthy competition has a good impact on the development of any industry. But for some vicious competition, such as low-price competition, homogenous competition, unfair competition, etc. can disrupt the market competition order and play a negative role in the development of the entire industry.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, the increase demand of downstream, the market of Inductor and Transformer has great market potential.

Region Overview:

In 2022, the share of the Desktop CNC Machines market in North America stood at 30.21%.

Company Overview:

Carbide3D is one of the major players operating in the Desktop CNC Machines market, holding a share of 3.21% in 2023.

Carbide3D

An engineering and product design company based in Torrance, California.

STEPCRAFT

STEPCRAFT is among the international market leaders in the field of multifunction CNC systems. Beyond that, we develop, produce and distribute different system-guided tools, such as the HF Spindle, Laser, 3D Printing Head, and the Drag Knife. As we work closely together with local suppliers, STEPCRAFT products proudly carry the seal of quality Made in Germany.

Segmentation Overview:

By type, Material Processing segment accounted for the largest share of market in 2022.

Material Processing

Desktop CNC machines can be controlled by computer software to engrave or cut materials, such as wood, plastic, composite materials, non-ferrous metals, etc. And various kind of material can be processed into different shapes to meet the needs of production and life.

3D Printing

Desktop CNC machines also have the function of 3D printing, 3D printing is any of various processes in which material is joined or solidified under computer control to create a three-dimensional object, with material being added together.

Make PCB’s

A printed circuit board (PCB) mechanically supports and electrically connects electronic components using conductive tracks, pads, and other features etched from copper sheets laminated onto a non-conductive substrate. A printed circuit board has pre-designed copper tracks on a conducting sheet. The pre-defined tracks reduce the wiring, thereby reducing the faults arising due to loose connections. One simply needs to place the components on the PCB and solder them. Desktop CNC machines can perform these operations very accurately, like make holes in PCB, even with SMT components.

Application Overview:

By application, the Industrial & Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Desktop CNC Machines market covered in Chapter 3:

JFT
Inventables
Carbide3D
MillRight CNC
BobsCNC
CarveWright
Bantam Tools
BoXZY
Printrbot
Roland
Pocket NC
RedSail
Stepcraft
ShopBot

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

Material Processing
3D Printing
Make PCB's
Others

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

Hobbyists
Education
Industrial & Commercial
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)