CNC (Computer Numerical Control) Machine Market Analysis and Forecast to 2031: By Machine Tool Type (Lathe, Mills, Routers, Grinders, and Others), Industry Vertical (Aerospace and Defense, Automobile, Consumer Electronics, Healthcare, Industrial Machinery, and Others), and Region
A computer numerical control (CNC) machine is a type of computer-controlled machine tool that can perform a variety of complex machining operations, such as milling, routing, turning, and grinding. CNC machines are often used to produce high-precision parts, such as those used in the aerospace and medical industries.
CNC machines are controlled by a computer program that tells the machine what operations to perform and how to perform them. The program is typically written in a CNC programming language, which is a specialized form of computer code. CNC programs can be very complex, and can often take months to write.
Operators of CNC machines must be highly trained and experienced in order to produce high-quality parts. CNC machines are very expensive, and require regular maintenance and calibration in order to function properly.
Key Trends
There are several key trends in CNC machine technology. One is the increasing use of 3D printing technology to create prototypes and production parts. This technology is often used in conjunction with CNC machining to create complex parts with intricate designs.
Another trend is the increasing use of robotics in CNC machining. This allows for more complex parts to be produced with greater accuracy and efficiency. Additionally, robotics can help to improve safety in the workplace by reducing the need for human operators to be in close proximity to moving parts.
Finally, there is an increasing trend towards the use of cloud-based software to control CNC machines. This allows for greater flexibility and collaboration between different users and machines.
Key Drivers
The key drivers of the CNC Machine market are the increasing demand for automation in various industries, the need for high precision and accuracy, and the decreasing cost of CNC machines.
The automotive industry is one of the major end-users of CNC machines and is expected to drive the market growth. The automotive industry is shifting its focus from mass production to personalized and customized products, which is increasing the demand for CNC machines.
The aerospace & defense industry is another major end-user of CNC machines. The increasing demand for aircrafts and spacecrafts is driving the growth of this market.
The healthcare industry is also using CNC machines for the manufacturing of implants and prosthetics. The increasing demand for these products is expected to drive the market growth.
The construction industry is using CNC machines for the construction of various buildings and structures. The increasing demand for infrastructure development is expected to drive the market growth.
The food & beverage industry is using CNC machines for the packaging of food products. The increasing demand for packaged food is expected to drive the market growth.
Restraints & Challenges
One of the key restraints in the CNC Machine market is the high cost of these machines. CNC Machines can cost several thousand dollars, which can be a barrier to entry for some companies. Additionally, CNC Machines require skilled operators and can be difficult to learn how to use.
Market Segments
The CNC Machine market is segmented into machine tool type, industry vertical, and region. By machine tool type, the market is categorized into lathe, mills, routers, grinders, and others. On the basis of industry vertical, it is segregated into aerospace & defense, automobile, consumer electronics, healthcare, industrial machinery, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The CNC Machine market report includes players such as Bosch Rexroth AG, Dalian Machine Tool Group Corporation (DMTG), Fagor Automation, FANUC Corporation, HAAS Automation, Inc., Heidenhain Corporation, Hurco Companies, Inc., Mitsubishi Electric Corporation, Okuma Corporation, Sandvik AB, and Soft Servo Systems Inc.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. CNC (Computer Numerical Control) Machine Market Outlook
3.1. CNC (Computer Numerical Control) Machine Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the CNC (Computer Numerical Control) Machine Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the CNC (Computer Numerical Control) Machine Market
4.3. Economic Impact Analysis
Chapter 5. CNC (Computer Numerical Control) Machine Market By Machine Tool Type
5.1. Market Overview
5.2. Lathes
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Mills
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Others
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. CNC (Computer Numerical Control) Machine Market By Industry Vertical
6.1. Market Overview
6.2. Aerospace & Defense
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Automobile
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Electronics
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. CNC (Computer Numerical Control) Machine Market, by region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.2.3. North America CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.2.4. The U.S.
7.2.4.1. The U.S. CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.2.4.2. The U.S. CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.2.5. Canada
7.2.5.1. Canada CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.2.5.2. Canada CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.2.6. Mexico
7.2.6.1. Mexico CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.2.6.2. Mexico CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.3. Europe CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3.4. Germany
7.3.4.1. Germany CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.4.2. Germany CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3.5. France
7.3.5.1. France CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.5.2. France CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3.6. U.K.
7.3.6.1. U.K. CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.6.2. U.K. CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3.7. Spain
7.3.7.1. Spain CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.7.2. Spain CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3.8. Italy
7.3.8.1. Italy CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.8.2. Italy CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.3.9. Rest of Europe
7.3.9.1. Rest of Europe CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.3.9.2. Rest of Europe CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific CNC (Computer Numerical Control) Machine Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.4.4. China
7.4.4.1. China CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.4.4.2. China CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.4.5. India
7.4.5.1. India CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.4.5.2. India CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.4.6. Japan
7.4.6.1. Japan CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.4.6.2. Japan CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.4.7. South Korea
7.4.7.1. South Korea CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.4.7.2. South Korea CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.4.8. Rest of APAC
7.4.8.1. Rest of APAC CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.4.8.2. Rest of APAC CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.5.3. Rest of the World CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.5.4. Latin America
7.5.4.1. Latin America CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.5.4.2. Latin America CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.5.5. Middle East
7.5.5.1. Middle East CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.5.5.2. Middle East CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
7.5.6. Africa
7.5.6.1. Africa CNC (Computer Numerical Control) Machine Market Size and Forecast By Machine Tool Type, 2021-2031, ($Million)
7.5.6.2. Africa CNC (Computer Numerical Control) Machine Market Size and Forecast By Industry Vertical, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. Bosch Rexroth AG
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Dalian Machine Tool Group Corporation (DMTG)
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Fagor Automation
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. FANUC Corporation
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. HAAS Automation, Inc.
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Heidenhain Corporation
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Hurco Companies, Inc
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Mitsubishi Electric Corporation
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Okuma Corporation
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Soft Servo Systems Inc.
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
- Bosch Rexroth AG
- Dalian Machine Tool Group Corporation (DMTG)
- Fagor Automation
- FANUC Corporation
- HAAS Automation, Inc.
- Heidenhain Corporation
- Hurco Companies, Inc.
- Mitsubishi Electric Corporation
- Okuma Corporation
- Sandvik AB
- Soft Servo Systems Inc.
Market Segments
By Machine Tool Type
- Lathes
- Mills
- Routers
- Grinders
- Others
By Industry Vertical
- Aerospace & Defense
- Automobile
- Electronics
- Healthcare
- Industry Machinery
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa