USD 62.11 Billion
Computer Numerical Control Machines Market Size, Share, and Growth Analysis
Computer Numerical Control Machines Market By Type (Lathe Machines, Milling Machines), By End-Use Industry (Automotive, Aerospace & Defense), By Application (Machining, Cutting), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2155 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
66
|Figures:
65
Format -
Computer Numerical Control Machines Market Insights
Computer Numerical Control Machines Market size was valued at USD 62.11 Billion in 2023 and is poised to grow from USD 68.45 Billion in 2024 to USD 144.83 Billion by 2032, growing at a CAGR of 10.2% during the forecast period (2025-2032).
Market expansion is anticipated to be favorably impacted by the increased demand from industries for complicated machining goods to be more efficient. The popularity of CNC tools is also influenced by an increase in the need for high accuracy, declining operating costs, and technical breakthroughs in manufacturing methods. Additionally, Computer Numerical Control Machines Market expansion may be attributed to the explosion in mass manufacturing of goods across industrial sectors, including automobiles and electronics. The desire for mass customization is increasing, which is helping these technologies catch on. For instance, CNC machine tools that can be programmed provide speedy and effective manufacture of many goods in a batch.
US Computer Numerical Control Machines Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Metal Cutting
Fastest Growth
Metal Cutting
Growth Rate
10.2% CAGR
Global Computer Numerical Control Machines Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Computer Numerical Control Machines Market Segments Analysis
Global Computer Numerical Control Machines Market is segmented by type, end-use industry, application and region. Based on type, the market is segmented into lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines and others. Based on end-use industry, the market is segmented into automotive, aerospace & defense, construction equipment, power & energy, industrial and others. Based on application, the market is segmented into machining, cutting, drilling, welding and forming. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Computer Numerical Control Machines Market Analysis by Deployment Type
The high precision, speed, and emphasis on the energy economy of CNC metal cutting machine tools are contributing to their enormous growth in popularity. The market for metal cutting tools is expanding as a result of the rising demand for electrochemical machining. This is due to the numerous advantages of electrochemical machining and micromachining for enhanced surface integrity on diverse applications, such as stress-free drilled holes in the automotive sector and complicated form production in the aerospace industry. The metal forming segment is anticipated to develop due to the rising need for maximum performance with high accuracy and control.
Global Computer Numerical Control Machines Market Share By Process, 2021 (%)
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Computer Numerical Control Machines Market Regional Insights
The high precision, speed, and emphasis on the energy economy of CNC metal cutting machine tools are contributing to their enormous growth in popularity. The market for metal cutting tools is expanding as a result of the rising demand for electrochemical machining. This is due to the numerous advantages of electrochemical machining and micromachining for enhanced surface integrity in diverse applications, such as stress-free drilled holes in the automotive sector and complicated form production in the aerospace industry. The metal forming segment is anticipated to develop due to the rising need for maximum performance with high accuracy and control.
Global Computer Numerical Control Machines Market By Geography, 2021 - 2028
- Largest
- Fastest
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Computer Numerical Control Machines Market Dynamics
Computer Numerical Control Machines Market Driver
Evolution of IoT
- The desire for real-time information access has increased the use of the Internet of Things in manufacturing processes. As a result, productivity, safety, production innovation, and downtime expenses would all be enhanced. For instance, Zyfra introduced a cloud-based version of its MDCplus machine monitoring system in April 2020 as a distant Internet of Things (IoT) innovation that enables remote monitoring of computerised numerical control machines that are already in India. Furthermore anticipated market drivers are the accessibility of sensors, internet connection, and cloud computing.
Computer Numerical Control Machines Market Restraint
High Maintenance Costs and Lack of Training
- CNC equipment is more expensive than manually driven equipment. However, it is predicted that their cost would effectively decline with time. Furthermore, routine maintenance of the high-tech items by the producers is necessary to preserve the equipment's correct operation. Additionally, machinists must receive the proper instruction and become familiar with the technical know-how required to operate this equipment. Therefore, manufacturers are offering various training programs to improve the abilities of machinists in order to reduce the impact of the constraint.
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Computer Numerical Control Machines Market Competitive Landscape
The Global Computer Numerical Control Machines market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Top Players in Computer Numerical Control Machines Market
- Okuma Corporation (Japan)
- Yamazaki Mazak Corporation (Japan)
- DMG Mori Seiki Co., Ltd. (Japan)
- Haas Automation, Inc. (US)
- Hurco Companies, Inc. (US)
- FANUC Corporation (Japan)
- Siemens AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- Gleason Corporation (US)
- Makino Milling Machine Co., Ltd. (Japan)
- Amera-Seiki Corporation (US)
- Komatsu NTC Ltd. (Japan)
- DATRON AG (Germany)
- The Lincoln Electric Company (US)
- Schneider Electric SE (France)
- Bosch Rexroth AG (Germany)
- Fagor Automation (Spain)
- HEIDENHAIN Corporation (Germany)
- GSK CNC Equipment Co., Ltd. (China)
- Brother Industries, Ltd. (Japan)
Computer Numerical Control Machines Market Recent Developments
- In April 2019, Simens released a new edition of the market-available software solution for designing and modeling automation networks. The plant planner, the builders, and the operators of the automation system are supported by Sinetplam V2.0. At the 2019 Hannover Messe, the business intends to demonstrate its new features that integrate into the digital planning and engineering workflow.
- In May 2018, the first time deep reinforcement learning has been effectively used to auto-calibrate real-world computer numerical control (CNC) equipment was when Bonsai, the AI company, and Siemens installed AI on a real-world machine in a test set. Using Bonsai's AI platform, Siemens engineers trained an AI model to calibrate a CNC machine more quickly than a skilled human operator—more than 30 times quicker.
Computer Numerical Control Machines Key Market Trends
- The machine tool industry has been significantly impacted by process automation. The manufacturing sector is showing a rising propensity for process automation as a consequence of the requirement for improved service quality, efficiency, and simplicity. As a result, manufacturers are embracing new technology themselves and producing goods with a variety of digital technologies including artificial intelligence (AI) and the internet of things (IoT). JTEKT, for instance, incorporates much digital technology into both its operations and products. In order to replace manual examination, it has deployed automated inspection equipment that uses image processing technology. Additionally, the business is creating Programmable Logic Controllers (PLC) for machine tools that include edge computing and an autonomous grinder. As a result, one of the key developments in the field of machine tools is AI technology.
Computer Numerical Control Machines Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Computer Numerical Control Machines Market Analysis, market difficulties are anticipated as a result of rising raw material costs and the potential scarcity of semiconductors used in CNC machines. In these market circumstances, it is anticipated that used CNC machine demand would rise, limiting the market expansion of new CNC machines. Over the course of the projection, the tendency is anticipated to persist. Long-term changes in the price of raw materials are anticipated to drive up the average unit cost of CNC machines.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 62.11 Billion |
| Market size value in 2032 | USD 144.83 Billion |
| Growth Rate | 10.2% |
| 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 Computer Numerical Control Machines 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 Computer Numerical Control Machines 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 Computer Numerical Control Machines 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 Computer Numerical Control Machines 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 Computer Numerical Control Machines Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Computer Numerical Control Machines 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.
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