USD 66.74 billion
CNC Machine Tools Market Size, Share, and Growth Analysis
CNC Machine Tools Market By Product Type (Milling Machines, Machining Centers), By End-User Industry (Automotive & Transportation, Aerospace), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20G2062 |
Region:
Global |
Published Date: February, 2025
Pages:
197
|Tables:
69
|Figures:
70
Format -
CNC Machine Tools Market Insights
CNC Machine Tools Market size was valued at USD 66.74 billion in 2023 and is poised to grow from USD 73.61 billion in 2024 to USD 161.27 billion by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032).
The adoption of computer numerical control (CNC) machines has increased significantly because of their ability to automate manufacturing processes. Computer numerical control machines have the potential to perform complex tasks with high precision and consistency, which helps in decreasing human error and labor expenses. These machines can work continuously that can immensely enhance productivity and efficiency in different industries, like automotive, aerospace, and electronics.
The CNC machine tools market growth is increasing rapidly because of the incorporation of automated CNC systems with industrial robots and simulation software for improving production. Moreover, the adoption of automated CNC machines is primarily increasing due to the necessity for overcoming the difficulties created by the lack of skilled labor in different industries. These tools are immense, helping the manufacturing sectors to enhance their efficiency and increase production results. Furthermore, to meet this demand, the leading players in the industry, like Fanuc Corporation and OKAMA America Corporation, are focusing on incorporating new technologies into their current product lines.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Automotive
Fastest Growth
Aerospace & Defense
Growth Rate
10.3% CAGR
Global CNC Machine Tools Market ($ Bn)
Country Share for Asia Pacific Region (%)
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CNC Machine Tools Market Segments Analysis
Global CNC Machine Tools Market is segmented by Product Type, End-User Industry and region. Based on Product Type, the market is segmented into Milling Machines, Machining Centers, Lathe Machines, Laser Machines, Drilling Machines, Grinding Machines and Electrical Discharge Machines. Based on End-User Industry, the market is segmented into Automotive & Transportation, Aerospace, Medical, Semiconductors, Capital Goods and Energy & Power. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Based on type, the lathe machines segment is dominating with the largest CNC machine tools market share. The necessity to produce specialized components such as cylinder heads, gearboxes, starter motors, and prototyping purposes is what driving the demand. The segment is also anticipated to profit from technological developments in already installed CNC lathe systems. It is anticipated that the category growth will be favourably impacted by the inclusion of new features to appeal to a variety of applications. Additionally, the segment is expected to benefit from technological advancements in existing CNC lathe systems. The incorporation of new features to cater diverse applications is expected to contribute positively to the segment growth.
The milling machines segment is expected to witness significant demand growth during the forecast period. The milling machines segment is growing because of the increasing requirement for multi-functional equipment. These tools have the potential of performing complicated machining tasks. The milling machine is changing significantly by providing abilities like 5-axis machining. This machine helps in the creation of complex parts with enhanced efficiency and accuracy. Moreover, the industries that are focused on renewable energy, like wind and solar, as well as medical device manufacturers, are also adopting advanced milling systems. This is helping them to meet the increasing demand for custom-designed components. The rising demand for energy efficiency and sustainable manufacturing processes is also encouraging the adoption of these milling machines, which reduce material waste while maintaining better productivity.
Analysis by Application
Based on application, the automotive segment is dominating the CNC machine tools market. The segment is leading because there is a growing need for parts that can be produced more quickly and efficiently in the automobile industry. This segment currently accounts for a largest portion of the market due to its increasing use of CNC machine tools in vehicles. These machines can produce a variety of parts, such as the combustion engine, the suspension parts, the lights, the exhaust parts, the fluid system parts, the bushings, and the valve retainers. The automobile industry requires high levels of accuracy and precision as well as shortened operating times and consistent results for repetitive jobs, which has led to a surge in the use of CNC machines in this industry.
As per CNC machine tools analysis, aerospace & defense segment is expected to be the fastest growing segment. This industry demands extremely high precision and reliability in its components, which CNC machines are well-suited to deliver. The production of aircraft parts, such as turbine blades, wing spars, and fuselage sections, requires the advanced capabilities of CNC machine tools. The increasing investments in defense technologies and the growth of commercial aviation are contributing significantly to the demand for CNC machines in this sector. CNC machine tools play a vital role in producing various aircraft parts, from structural components to intricate engine parts.
Global CNC Machine Tools Market Analysis by Application
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CNC Machine Tools Market Regional Insights
Asia Pacific is dominating with the largest CNC machine tools market share. In Asia Pacific, the market is experiencing significant growth, driven by rapid industrialization and increasing investments in the manufacturing sector. Countries such as China, Japan, and India are at the forefront of this growth, with their strong manufacturing bases and supportive government policies. China is a major market for CNC machine tools, with its extensive use in automotive, electronics, and aerospace industries. The region's market share is growing significantly, which is supported by ongoing advancements in manufacturing technologies and increasing demand for high-precision components.
The region of North America is anticipated to witness the highest growth during the CNC machine tools market forecast period. North America is another key region in the CNC machine tools market, driven by the high demand for advanced manufacturing technologies in industries such as aerospace, automotive, and electronics. The United States is the largest market in this region, with its well-established manufacturing sector and strong focus on innovation and technology adoption. The presence of major aerospace and automotive manufacturers in the region is a significant driver of demand for CNC machine tools. The market in North America is expected to grow steadily, supported by continuous technological advancements and increasing investments in automation.
Global CNC Machine Tools Market By Geography
- Largest
- Fastest
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CNC Machine Tools Market Dynamics
CNC Machine Tools Market Drivers
Increasing Technological Advancement
- One of the primary drivers of growth in the machine tools market is the rapid pace of technological advancements, particularly in automation and digitalization. The integration of Industry 4.0 principles, including the internet of things (IoT), artificial intelligence (AI), and big data, has transformed traditional machining processes into highly efficient, automated, and data-driven systems.
Rising Focus on Energy Efficiency
- With an increasing emphasis on energy efficiency and sustainable manufacturing, machine tool manufacturers are responding by developing eco-friendly, energy-efficient solutions. This shift is driven by both regulatory pressures and a growing commitment from companies to reduce their carbon footprint. Modern machine tools are being designed to consume less energy, reduce waste, and operate more sustainably without compromising productivity or quality.
CNC Machine Tools Market Restraints
High Initial Investments
- One of the primary restraints in the CNC machine tools market is the high initial investment required for purchasing and setting up advanced machine tools. Innovative machinery, particularly those equipped with automation, AI, and IoT features, often involves significant upfront costs. This financial barrier can be challenging, especially for small to medium-sized enterprises (SMEs) that may lack the capital needed for such investments.
Lack of Skilled Workforce
- The machine tools industry is facing immense challenge with the lack of skilled labor. Operating advanced machine tools often requires specialized technical expertise in handling automation systems, robotics, and digital control systems. However, the global manufacturing sector is experiencing a shortage of skilled machinists and engineers, creating a significant hurdle for companies seeking to adopt high-tech machinery.
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CNC Machine Tools Market Competitive Landscape
Leading market players are investing heavily in research and development to expand their product lines, which will help the CNC machine tools market grow even more. Market players are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The CNC machine tools industry must offer cost-effective items to expand and endure in the competitive and growing market. Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the CNC machine tools industry to benefit clients and increase the market sector.
Top Player’s Company Profile
- Yamazaki Mazak Corporation (Japan)
- DMG MORI Co., Ltd. (Japan)
- Haas Automation, Inc. (United States)
- Okuma Corporation (Japan)
- Makino Milling Machine Co., Ltd. (Japan)
- TRUMPF Group (Germany)
- Amada Co., Ltd. (Japan)
- JTEKT Corporation (Japan)
- GF Machining Solutions Management SA (Switzerland)
- CHIRON Group SE (Germany)
- MAG IAS GmbH (Germany)
- GROB-WERKE GmbH & Co. KG (Germany)
- EMAG GmbH & Co. KG (Germany)
- Hurco Companies, Inc. (United States)
- Doosan Machine Tools Co., Ltd. (South Korea)
- FANUC Corporation (Japan)
- Hyundai WIA Corporation (South Korea)
- Starrag Group Holding AG (Switzerland)
Recent Developments
- In September 2023, DMG MORI CO., LTD. announced the acquisition of KURAKI, a CNC machine manufacturer. Through the acquisition former company aims to expand the demand for CNC horizontal boring as well as milling machines by incorporating digitalization and automation technologies.
- In August 2023, OKUMA Corporation launched an next-generation machine control - Okuma OSP-P500. The product is equipped with dual-core computer processors that deliver improved levels of machine processing power. It is also equipped with Digital Twin Technology, which allows high-precision machining simulations to be produced on a computer.
- In July 2022, DMG Mori Co. Ltd., announced the establishment of its new subsidiary “WALC Inc.” to enhance the manufacturing sector's digital transformation through the development of cutting-edge AI, IoT, and cloud computing technology.
CNC Machine Tools Key Market Trends
- Rapid Growth Smart and Connected Tools: The CNC machine tools market is increasingly shaped by the demand for smart and connected tools that align with Industry 4.0 principles. These next-generation machines integrate sensors, IoT, and AI technologies, enabling real-time data analysis, remote monitoring, and predictive maintenance. With these capabilities, companies can significantly reduce downtime, improve operational efficiency, and make data-driven decisions that optimize productivity.
- Rising Demand for Multi-Tasking Tools: A growing trend in the CNC machine tools market is the demand for multi-tasking and hybrid machines that can perform multiple functions in a single setup. These machines combine capabilities like milling, drilling, turning, and even 3D printing, allowing manufacturers to handle complex parts more efficiently. Multi-tasking machines streamline production by reducing the need for multiple machines and setups, which, in turn, lowers production time, labor costs, and the likelihood of errors.
CNC Machine Tools Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the CNC machine tools market growth is significantly driven by advancements in automation, increasing precision engineering demands, and the shift towards digital manufacturing processes. The rising adoption of CNC machines in various end-user industries, such as automotive, aerospace, and electronics, is further contributing to this robust market expansion. Furthermore, the trend towards miniaturization in electronics and medical device manufacturing necessitates the use of CNC tools capable of producing intricate parts with high precision. The ongoing advancements in CNC technology, including the integration of AI and IoT, are enabling these machines to achieve even greater levels of accuracy and efficiency, thereby driving market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 66.74 billion |
| Market size value in 2032 | USD 161.27 billion |
| Growth Rate | 10.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on CNC Machine Tools Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on CNC Machine Tools Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the CNC Machine Tools Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CNC Machine Tools Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CNC Machine Tools Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the CNC Machine Tools Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
CNC Machine Tools Market Report Snapshots
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