Computer Numerical Control Machines Market By Top Players, Regions, Trends, Opportunity And Forecast 2022 - 2030.

The global computer numerical control machines market size was valued at USD 56.40 billion in 2021 and is expected to expand a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030. The demand for computer numerical control (CNC) machines is estimated to reach over 2800 thousand units by 2030. The increasing demand for semiconductor production equipment, medical devices and Electric Vehicles (EV), and telecom communication devices is the primary factor expected to drive the market growth over the forecast period. Also, the growing demand for five-axis mill machines and ultra-precision machines required to address the needs for EV productions are anticipated to drive the growth.

The CNC machine market recovered well in 2021 due to increased machine orders across the industries, notably from Europe, Asia Pacific, and North America. In 2021, the market recorded positive growth owing to the pent-up demand and backlog orders resulting from the pandemic. This trend will continue over the short term to meet backlogs from 2020. However, the worldwide shortage of semiconductors and rising steel prices & logistics costs are expected to hinder the sales revenues of OEMs, a trend that is expected to continue till 2023.

Gather more insights about the market drivers, restrains and growth of the Global Computer Numerical Control Machines market

Automated CNC systems integrated with industrial robots featuring simulation software to increase production is expected to favor the growth of the Computer Numerical Control (CNC) machines market over the forecast period. One of the primary reasons for adopting automated CNC machines is to address the lack of skilled laborers challenges that most industries are currently facing. This enables manufacturing industries to increase their efficiency and maximize the production output. To address this demand, incumbents in this space, such as Fanuc Corporation and OKAMA America Corporation, emphasize integrating new technologies with the existing product portfolio.

For instance, in March 2021, Fanuc America Corporation, a subsidiary of Fanuc Corporation, upgraded its CNC product portfolio by integrating the Quick and Simple Startup of Robotization (QSSR) G-code feature with ss. The company provides enhanced CNC machines that machine operators and tool builders to program the robots more efficiently through this integration. Similarly, in August 2021, Made4CNC ApS, one of the CNC manufacturers based in Denmark, launched a new Safedoor SD100, an automated door opener for CNC machines. The product integrates easily with collaborative robots and offers greater convenience for tending machine operations.

Rising raw material prices and a looming shortage of semiconductors used in CNC machines are expected to pose challenges for the market. In such market conditions, the demand for used CNC machines is expected to increase, hampering the market growth of new CNC machines. The trend is likely to continue over the forecast period. In the long term, the average unit prices of CNC machines are expected to increase with fluctuations in raw material prices.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Automotive Adhesive Tapes Market - The global automotive adhesive tapes market size was estimated at USD 3.1 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 6.5% from 2022 to 2030. Rapid replacement of nut bolt fasteners to reduce the vehicle weight and improve aesthetics is expected to drive the tapes market over the forecast period.

Synthetic Paper Market - The global synthetic paper market size was estimated at USD 1026.9 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.5% from 2022 to 2030. The market is expected to grow significantly due to the inclination of consumers towards eco-friendly and recycled packaging. Synthetic paper is produced from synthetic resins that are extracted from petroleum.

Computer Numerical Control Machines Market Segmentation

Grand View Research has segmented the global computer numerical control machines market based on type, end-use, and region:

CNC Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

CNC Machines End-use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Automotive
  • Aerospace & Defense
  • Construction Equipment
  • Power & Energy
  • Industrial
  • Others

CNC Machines Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Market Share Insights

February 2021 - Citizen Machinery Co., Ltd launched Cincom L32 XII, a Sliding Headstock Type Automatic CNC Lathe machine that features an automatic tool changer. The features enable to perform complex shapes machining such as implants used in medical treatment and perform multiple functions simultaneously.

October 2020 - FANUC CORPORATION, and NTT Communications Corporation today announced the establishment of DUCNET Co., Ltd. a new company that will offer a cloud service to support digital transformation (DX) first in the machine tool industry and subsequently in the broader manufacturing industry. DUCNET will open for business in November 2020.

Key Companies profiled:

Some prominent players in the global Computer Numerical Control Machines market include

  • Amada Co., Ltd.
  • Amera Seiki
  • Fanuc Corporation
  • Datron AG
  • DMG Mori
  • Dalian Machine Tool Group (DMTG) Corporation
  • Haas Automation, Inc.
  • Okuma Corporation
  • Shenyang Machine Tool Co., Ltd. (SMTCL)
  • Hurco Companies, Inc.
  • Yamazaki Mazak Corporation

Order a free sample PDF of the Computer Numerical Control Machines Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Orthopedic Braces and Supports Market Players And Industry Forecasts Till, 2014 - 2024.

According to the Centers for disease Control and Prevention, in 2015, 30 million US adults were estimated to suffer from osteoarthritis. It is estimated that 54.4 million of the US adults are affected with some form of arthritis. People with arthritis are the major target for orthopedic braces and supports. The second most common form of arthritis is rheumatoid arthritis which cause muscle pain. On the basis of end use, the market is segmented into hospitals, orthopedic clinics, Over-the-Counter (OTC), and other facilities. Orthopedic clinics contributed to the largest market share in 2015, due to reluctance of patients to visit specialty clinics for acute musculoskeletal disorders. Download Free Sample  -  https://www.millioninsights.com/industry-reports/orthopedic-braces-supports-market/request-sample Increase in geriatric population is one of the primary driver for the growth of the market. This population is highly affected by musculoskeletal disorders. According to International O
Read more

Solar Cell Market Trends, Share & Scope, Product Estimates & Strategy Framework To 2014 - 2024.

Image
The decrease in PV prices is projected to explore new opportunities for crystalline silicon modules over the estimated period. In addition, advancements in technology in improving the operating efficiency of thin film solar cells are anticipated to increase its demand in commercial and residential applications. The demand for the solar cell in North America was estimated to be over 20 GW in 2014. High PV installations owing to the rising consumer awareness towards benefits in cost associated with the renewable energy systems in the region is expected to drive market growth. However, lack of incentives and federal subsidy after 2016 is expected to witness a reduction in the installation in residential and commercial segments which is expected to hamper growth. Download Free Sample  -  https://www.millioninsights.com/industry-reports/solar-cell-market/request-sample Competitive Market Share Insights The major players in the solar cell market include First Solar Inc., SunPower Corporation
Read more

Automotive Lubricants Market growth driver analysis 2014 - 2025.

The automotive lubricants industry is segmented on the basis of base oil, product type, and geography. By type of product, the segmentation goes like bio-based oil, semi-synthetic/synthetic oil, and mineral oil. Semi-synthetic/synthetic oil holds the largest market share; thanks to its splendid performance. By base oil, the market spans manual transmission fluid, automatic transmission fluid, and engine oil. By geography, the market constitutes North America, LATAM, Asia Pacific, Europe, and MEA. Download Free Sample  -  https://www.millioninsights.com/industry-reports/automotive-lubricants-market/request-sample Asia Pacific is expected to witness the fastest growth due to increase in consumption of vehicles in economies like India. LATAM is fast catching up due to Brazil witnessing tremendous growth in sales of heavy and light vehicles. The players contributing to the automotive lubricants market include Chevron Corporation, Sinopec Corporation, ExxonMobil Corporation, Royal Dutch She
Read more