Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report, By Type (Milling, Lathe, Grinding, Welding, Winding, Laser, and Others); By Application; By Region; Segment Forecast, 2023 - 2032

Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report, By Type (Milling, Lathe, Grinding, Welding, Winding, Laser, and Others); By Application; By Region; Segment Forecast, 2023 - 2032

The global computer numerical control (CNC) machine market size is expected treach USD 152.68 billion by 2032, according ta new study by Polaris Market Research. The report “Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report, By Type (Milling, Lathe, Grinding, Welding, Winding, Laser, and Others); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The rise in demand for automated, high-precision computer numerical control (CNC) machines may be attributed tthe expansion, which is expected tpropel market growth throughout the course of the projected period. The preference for 4-axis and 5-axis machines over traditional three-axis machines is alsanticipated tfavor market expansion over the coming years.

For the OEMs, a lack of trained personnel and rising labor costs in developed nations, notably in Europe and the United States, have been their top priorities. Therefore, during the course of the projected period, there will likely be a demand for automated CNC machines due tthe necessity for automated machines in the metalworking and other general manufacturing industries. Over the coming years, it is alsanticipated that rising raw material costs and a lack of components due tsupply chain disruptions may restrain market expansion.

OEMs are modernizing their product offerings from the supply side by strengthening their technical skills with the most recent CAD/CAM software solutions. Additionally, the tendency is expected tboost market expansion during the anticipated time frame. OEMs can provide consumers with the ability tcreate completed goods without defects, increase productivity, and hasten the creation of complicated product designs in a shorter amount of time tthe integration of CAD/CAM software with CNC machines. In this area, CNC makers and software providers work together texpand their current product offerings.

For instance, in December 2020, 5-axis Post Processor for CNC machines from FANUC Corporation was created by CNC Software Inc., one of the CAD/CAM software solution suppliers (now a part of Sandvik Group). With the help of CNC machines and equipment, clients of Fanuc Corporation are expected tboost their productivity.

Computer Numerical Control (CNC) Machine Market Report Highlights

Lathe machine segment dominated the global industry in terms of revenue. The need for CNC lathe machines tproduce customized components including cylinder heads, starter motors, gearboxes, and other prototype applications is anticipated tincrease from the automobile industry.

The automotive segments held the largest share. The demand for automobile manufacturers by relaxing time tcarry out jobs of mass production over forecast period is portending growth for CNC Machines Market.

Asia Pacific generated the highest revenue in 2022 and will dsthroughout the forecast period. The presence of industries that are increasing, such as agriculture, healthcare, finance, construction, and automotive, as well as a focus on R&D projects and a rising need for automation, are the main drivers of growth. Rapid industrialization and the massive growth of the manufacturing sector are key factors in the region's success.

The global key market players include Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, GSK CNS Equipment Ltd., Amada Machine Tools Co. Ltd., Haas Automation, Inc., DMG Mori Co., Ltd., Heldenhain GmbH, Sandvik AB, Bosch Rexroth AG, Soft ServSystems, Inc., and Yamazaki Mazak Corporation among others

Polaris Market Research has segmented the computer numerical control (CNC) machine market report based on type, application, and region:

Computer Numerical Control (CNC) Machine, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Milling

Lathe

Grinding

Welding

Winding

Laser

Others

Computer Numerical Control (CNC) Machine, Application (Revenue - USD Billion, 2019 - 2032)

Industrial

Automotive

Aerospace and Defense

Electronics

Others

Computer Numerical Control (CNC) Machine, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa