Market Report Service
Home About Us Industry Report Store Resources Contact us

Computer Numerical Control (CNC) Machine Market Estimated to Exceed US$ 124 Billion by 2030 with a Noteworthy 7.23% CAGR

Computer Numerical Control (CNC) Machine Market Trends Analysis Research Report Segmented by Machine Type (Lathe Machine, Miller Machine, Laser, Welding Machine, and Winding Machine), End User (Automotive, Industrial, Power and Energy, and Aerospace and Defense), and Regional Forecast till 2030

5/5
( 7 votes )

Categories: Machinery & Equipment

Format : Computer Numerical Control (CNC) Machine Market Estimated to Exceed US$ 124 Billion by 2030 with a Noteworthy 7.23% CAGR

Computer Numerical Control (CNC) Machine Market Snapshot

“The Computer Numerical Control (CNC) Machine Market is estimated to increase at a CAGR 7.23% from $ 103.25 Billion in 2023 to $ 124 Billion by 2030.”

Computer numerical control (CNC) is a manufacturing technique that automates the movement, control, and precision of machine tools, commonly used for machined plastic and metal components.

CNC, or computer numerical control, machining, is a crucial aspect of the manufacturing industry, with Connecticut being a major manufacturing state with around 10% of its workforce employed in this sector, seeking skilled employees.

CNC machines, often resembling props in science fiction, are crucial in the industrial sector. They are computerized manufacturing techniques that use preprogrammed software to move production equipment, aiding in the creation of various machinery such as lathes, turning mills, and grinders.

A CNC machine is a motorized tool operated by a computer, receiving and executing precise input instructions in the form of sequential programs like G-code and M-code. CAD or CAM software generates these programs more frequently than humans. In 3D printing, the component is "sliced" before the program or instructions are created. G-Code is also applicable for 3D printers.

Computer Numerical Control (CNC) Machine Market | Market Report Service

>>>Download Sample Report Now: https://marketreportservice.com/request-sample/computer-numerical-control-cnc-machine-market-54692 

Advantages of CNC machining

Precision- CNC machining offers high levels of accuracy and precision due to its computer-controlled process, ensuring high levels of reproducibility in the machining process.

More Capability- CNC machining offers more advanced capabilities than traditional techniques, allowing for intricate component creation with intricate surface finishes, curves, and forms.

High Production and Scalability- CNC machines enable the rapid and efficient production of large volumes of parts through their ability to generate parts.

Uniform Product- The computer-controlled process ensures consistent quality by producing identical parts, ensuring no quality differences in the final product.

Time Efficient- CNC machining is an efficient process that saves time by automating the setup and operation of a machine without the need for ongoing supervision.

Reliability- CNC machining is also reliable process, that ensures functionality. Because the process is controlled by a computer, there is less room for human error compared to traditional machining methods.

Disadvantages of CNC machining

  • Costly
  • Size Restrictions
  • Material Waste
  • Design Limitations
  • Operation Errors
  • Material Suitability
  • Time for Mass Production
  • Trained Operator Required

Segment Analysis

The industrial sector's growing demand for automated manufacturing has led to a rise in CNC machines, particularly in the Asia Pacific region, due to the production of power. CNC machines are also increasingly important in the automotive industry, as many modern automobile parts are made entirely using CNC tools and machines, from die-casting components to creating unibody frames.

CNC machines are utilized in the production of engine housings, axles, bearing caps, suspension parts, and carburetor housings. They are also utilized in acrylic/PMMA machining for headlights, exterior lighting, and interior lights in the automotive industry. The increasing rate of automated automobile manufacturing is expected to accelerate the sector's development.

The industrial sector's growing demand for automated manufacturing has led to a surge in the use of CNC machines and computer numerical controls, particularly in the Asia-Pacific region.

Growth Drivers

Large-scale manufacturing facilities are increasingly utilizing CNC systems for their precision in creating parts and components. This technology, which is interchangeable with CAD and CAM, directly impacts cutting costs and enhances output and product quality.

This presents a lucrative market opportunity for American CNC machines, impacting sectors like aerospace, military, and automotive, and potentially driving the growth of these industries.

The growth of the computer numerical control (CNC) machine market is largely driven by the growing demand for various industrial devices and equipment, including medical, semiconductor, telecom, and electric vehicles.

Market Restraints

The global manufacturing industry is adopting industrial automation systems due to the growing importance of real-time data for process modeling and predictive maintenance. Automation offers increased productivity and reduced operating costs for companies in aerospace, medical, automotive, and military industries.

It also enhances precision, consistency, safety, and quality of industrial processes, with automakers increasingly using complex automated technology like CNC machines.

Opportunity

The market for automated CNC systems, coupled with industrial robots, is influenced by the growing demand for these systems, which use simulation software to boost productivity and address skilled worker shortages. Factors such as lifestyle changes, investments, urbanization expansion, and increased consumer spending also positively impact the market.

CNC machines, which use computerized technology to control tools, are expected to see increased demand due to strong IoT adoption. The integration of digital technology in various industries, coupled with the digitization of industries and the shift to automated production methods, is expected to accelerate the adoption of CNC technology across various sectors.

Challenges

The market is facing a significant threat due to a shortage of skilled workers for running automated systems. This lack of knowledge and skills in operating CNC machines, particularly in small enterprises, is a major barrier to the market. The lack of training programs could significantly alter the future of the CNC machine business.

Competitive Landscape of the Computer Numerical Control (CNC) Machine Market Analysis

  • Yamazaki Mazak Corporation (Japan)
  • Doosan Machine Tools Co., Ltd. (Korea)
  • Trumpf (Germany)
  • Amada Machine Tools Co., Ltd (Japan)
  • JTEKT Corporation (Japan)
  • MAG IAS GmbH (Germany)
  • Schuler AG (Germany)
  • Makino (Japan)
  • Hyundai WIA (Korea)
  • Komatsu Ltd. (Japan)
  • Okuma Corporation (Japan)
  • FANUC Corporation (Japan)
  • XYZ Machine Tools (U.K.)
  • Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan)
  • General Technology Group Dalian Machine Tool Corporation (Liaoning Province)
  • ANCA Group (Australia)

New Developments in Computer Numerical Control (CNC) Machine Market

March 2022- Ramco Specialties Inc, a company that manufactures critical components throughout the market of the US, recently increased its potential of manufacturing facilities via procurement of tight-tolerance CNC equipment.  This installation is anticipated to inspire other important component manufacturers within the area to obtain this state-of-the-art equipment for manufacturing.

January 2022- The acquisition of Versatech LLC, the company that operates as a prominent manufacturer of CNC machine solutions, was announced by MES Inc.  This acquisition will increase the intentions of MES Inc to expand its prominence in the last-mile manufacturing industry.

August 2021- MES Inc. announced the acquisition of Versatech, LLC, which operates as a prominent manufacturer of CNC machine solutions. This acquisition will augment intentions of MES Inc. to increase its prominence in the last mile manufacturing industry.

In March 2021, the Quick and Simple Startup of Robotization (QSSR) G-code feature was integrated with so by Fanuc America Corporation, a division of Fanuc Corporation, to update its CNC product range. Through this connection, the company's improved CNC machines enable tool makers and machine operators to more effectively program robots.

Regional Analysis of Global Computer Numerical Control (CNC) Machine Industry

Asia Pacific

The Asia-Pacific market holds the largest share of computer numerical controls, driven by developing economies like China and India. The automotive sector is expected to grow significantly due to rising demand for automobiles in this region.

Manufacturers are moving production units to this region due to cheap labor access and falling component costs. Adoption is influenced by proximity to supply and demand regions.

The Asia Pacific region's manufacturing facilities have led to an increase in computer numerical controls in the automotive industry. The sector is expected to grow rapidly due to automated car production. The CNC market is expected to benefit from increased productivity, time efficiency, and precision in metalworking industries, including automotive and manufacturing.

Latin America is expected to lead the production of advanced compact CNC machines, used in precision engineering and automotive sectors, while Europe has seen steady expansion due to their time- and cost-saving features, particularly in the manufacturing sector, where CNC machines offer more flexible working procedures.

Segments Covered in the Computer Numerical Control (CNC) Machine Market Report

Segment by Machine Type

  • Lathe Machine
  • Miller Machine
  • Laser
  • Welding Machine
  • and Winding Machine)

Segment by End User

  • Automotive
  • Industrial
  • Power and Energy
  • Aerospace and Defense

Market by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World
  • Middle East
  • Africa
  • Latin America

Frequently Asked Questions

What are some applications of Computer Numerical Control (CNC) Machine?

NC, CNC, and DNC are all aspects of computer numerical control (CNC) machining and manufacturing processes, which involve the automation of machine tools using computer-executed commands.

What is the expected growth rate of the Computer Numerical Control (CNC) Machine market over the next 7 years?

Computer Numerical Control (CNC) Machine Market is estimated to increase at a CAGR 7.23% from $ 103.25 Billion in 2023 to $ 124 Billion by 2030.

Who are the major players in the Computer Numerical Control (CNC) Machine market and what is their market share?

Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (Korea), Trumpf (Germany), Amada Machine Tools Co., Ltd (Japan), JTEKT Corporation (Japan), MAG IAS GmbH (Germany), Schuler AG (Germany), Makino (Japan), Hyundai WIA (Korea), Komatsu Ltd. (Japan), Okuma Corporation (Japan), FANUC Corporation (Japan), XYZ Machine Tools (U.K.), Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan), General Technology Group Dalian Machine Tool Corporation (Liaoning Province), ANCA Group (Australia), are prominent players operating and dominating in the market.

Who are the top 3 Computer Numerical Control (CNC) Machine Market Key Vendors?

Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (Korea), Trumpf (Germany), are key players in the Computer Numerical Control (CNC) Machine market.

Which geographical areas dominate the worldwide market for Computer Numerical Control (CNC) Machine?

Asia Pacific region are emerging as the top regional markets for Computer Numerical Control (CNC) Machine solutions.