The growing demand for production efficiency is aiding the uptake of computer numerical controls (CNC) as these machines streamline various operational processes by reducing production time and minimizing human error. The highly competitive environment has compelled players to focus on efficient manufacturing techniques. They are also trying to gain competitive advantage by redesigning their manufacturing facilities to include CNC machines. The integration of 3D printing with CNC machines is one such addition to some of the new production units, which is expected to offer better product design with little to no resource wastage.
Fueled by these factors, the global market for computer numerical controls is projected to grow from a value of US$ 64.0 bn in 2018 to US$ 115.1 bn by 2027. If these values hold true, the CNC market is expected to register a CAGR of 6.7% during the forecast period.
Based on type, the global computer numerical controls (CNC) market is led by lathe machines and the segment is poised to dominate the market throughout the forecast period. The demand for lathe machines can be attributed to a wide application area. On the other hand, milling machines are anticipated to register a strong growth rate during the forecast period. Milling machines are compatible with a wide range of materials and surfaces and help improve overall efficiency. Furthermore, technological innovation has led to the development of advanced milling machines that can provide a more consistent finish to the products.
In terms of application, the industrial segment held the dominant share and is likely to retain its lead through 2027. The growing demand for automated manufacturing in the industrial sector resulted in the increasing uptake of CNC machines. The establishment of manufacturing facilities in developing regions such as Asia Pacific has also spurred the usage of computer numerical controls in this sector. The automotive sector, on the other hand, is set to be the most rapidly developing segment in the coming years thanks to the soaring rate of automated automobile manufacturing.
From a geographical viewpoint, the global market for computer numerical controls is led by Asia Pacific, with the region accounting for a share of approximately 35.0% in 2018. Developing economies such as China and India have been witnessing robust growth in terms of industrialization, thereby propelling the regional market. The automotive sector has been estimated to be register rapid growth in the Asia Pacific CNC market during the forecast period owing to the rising demand for automobiles in the region. In addition, the easy availability of labor and the declining prices of components have resulted in manufacturers shifting their production units in this region. This is further propelling the APAC computer numerical controls market
Considering that the U.S is the one of the earliest adapters of new technologies, the North America market for CNC machines is relatively saturated. Be that as it may, rising concerns over global warming and depleting energy reserves have led to the production of alternative sources of power such as solar, water, and wind, and this has significantly upped the demand for computer numerical controls in the region. CNC machines are actively used in power generation as the process requires wide-scale automation.
Technological Advancements to Boost Global Computer Numerical Controls (CNC) Market
With the improvement in production technology, the time taken to manufacture components has decreased, and the ability to manufacture components with a better surface finish has increased. Due to a lack of available space, the market is being driven by the rising demand for smaller factory footprints. Modern machine variants are lightweight and do not necessitate continuous supervision of machine operations by a supervisor or an operator. As a result, the organization is able to save money by reducing the need for manual labor, which is likely to support growth of the global computer numerical controls (CNC) market in the near future.
Rising Demand to Reduce Operational Cost and Human Errors to Spell Market Growth
Manufacturers are constantly relying on the technological advancements in the field of computer numerical control (CNC) software so as to boost shop-floor flexibility and machine-to-operator communication. The advancement in the field of machine learning and IoT technologies has led to the implementation of new functions, such as an application that informs supervisors or operators on their smartphones or PCs about the condition of a machine. Furthermore, the technology used in CNC machines minimizes the time taken to produce workpieces and at the same time reducing the risk of errors. As a result, manufacturers prefer CNC machines to conventional machines. This factor is likely to trigger expansion of the global computer numerical controls (CNC) market in the years to come.
Industrial, construction machinery, energy and power, defence and aerospace, and automobile along with a number of other large-scale manufacturing plants make use of computer numerical control machines. Over the forecast timeframe, the rising costs of recruiting operators for individual machines are expected to drive the demand for automated CNC machines. Advancements in technology have led to the development of applications and software that enable managers to monitor the activities performed by operators on the shop floor. These features encourage managers to make strategic decisions, which boost the efficiency of the unit and leads to growth of the global computer numerical controls (CNC) market in near future.
The global Computer Numerical Controls (CNC) market can be segmented as follows;-
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1. Preface
1.1 Report Scope & Market Segmentation
1.2 Research Highlights
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Models
3. Computer Numerical Controls (CNC) Market: Overview
3.1 Market Overview
3.2 Market Introduction
3.3 Market Trend
3.4 Market Challenge
4. Computer Numerical Controls (CNC) Market: Dynamics
4.1 Market Drivers
4.1.1 Application of CNC Machines to cut down the overhead cost is driving the market globally
4.1.2 The growing demand for compact CNC’s in order to have smaller footprints in factories
4.1.3 The increasing need for customized production is aiding to the demand for CNC machinesWorldwide
4.2 Market Restraints
4.2.1 High installation and maintenance cost
4.3 Market Opportunities
4.3.1 Ongoing technological innovations to create interconnected machines
4.4 Market Attractiveness Analysis
4.5 Porter's Five Forces Analysis
4.6 Market Share of Key Players, 2018
4.7 Global Computer Numerical Controls (CNC) Market Outlook, 2018
4.7.1 Market Value Share By Type (2018)
4.7.2 Market Value Share By Application (2018)
4.7.3 Market Value Share By Region (2018)
5. Global Computer Numerical Controls (CNC) Market: By Type
5.1 Introduction
5.2 Global Computer Numerical Controls (CNC) Market Value Share Analysis, By Type
5.3 Global Computer Numerical Controls (CNC) Market Forecast By Type
5.4 Global Computer Numerical Controls (CNC) Market Analysis By Type
6. Global Computer Numerical Controls (CNC) Market: By Application
6.1 Introduction
6.2 Global Computer Numerical Controls (CNC) Market Value Share Analysis, By Application
6.3 Global Computer Numerical Controls (CNC) Market Forecast By Application
7. North America Computer Numerical Controls (CNC) Market Analysis
7.1 Introduction
7.2 North America Computer Numerical Controls (CNC) Market Value Share Analysis, By Type
7.3 North America Computer Numerical Controls (CNC) Market Forecast, By Type
7.4 North America Computer Numerical Controls (CNC) Market Value Share Analysis, By Application
7.5 North America Computer Numerical Controls (CNC) Market Forecast, By Application
7.6 North America Computer Numerical Controls (CNC) Market Value Share Analysis, By Country
7.7 North America Computer Numerical Controls (CNC) Market Analysis, By Country
7.7.1 U.S. Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
7.7.2 Canada Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
7.7.3 Mexico Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
8. Europe Computer Numerical Controls (CNC) Market
8.1 Introduction
8.2 Europe Computer Numerical Controls (CNC) Market Value Share Analysis, By Type
8.3 Europe Computer Numerical Controls (CNC) Market Forecast, By Type
8.4 Europe Computer Numerical Controls (CNC) Market Value Share Analysis, By Application
8.5 Europe Computer Numerical Controls (CNC) Market Forecast By Application
8.6 Europe Computer Numerical Controls (CNC) Market Value Share Analysis, By Country
8.7 Europe Computer Numerical Controls (CNC) Market Analysis By Country
8.7.1 U.K. Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
8.7.2 Germany Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
8.7.3 France Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
8.7.4 Italy Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
8.7.5 Rest of Europe Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
9. Asia Pacific Computer Numerical Controls (CNC) Market
9.1 Introduction
9.2 Asia Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Type
9.3 Asia Pacific Computer Numerical Controls (CNC) Market Forecast By Type
9.4 Asia Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Application
9.5 Asia Pacific Computer Numerical Controls (CNC) Market Forecast By Application
9.6 Asia Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Country
9.7 Asia Pacific Computer Numerical Controls (CNC) Market Analysis By Country
9.7.1 China Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
9.7.2 Japan Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
9.7.3 India Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
9.7.4 South Korea Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
9.7.5 Rest of Asia Pacific Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
10. Middle East and Africa Market
10.1 Introduction
10.2 Middle East and Africa Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Type
10.3 Middle East and Africa Pacific Computer Numerical Controls (CNC) Market Forecast By Type
10.4 Middle East and Africa Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Application
10.5 Middle East and Africa Pacific Computer Numerical Controls (CNC) Market Forecast By Application
10.6 Middle East and Africa Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Country
10.7 Middle East and Africa Pacific Computer Numerical Controls (CNC) Market Forecast By Country
10.7.1 UAE Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
10.7.2 Saudi Arabia Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
10.7.3 South Africa Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
11. Latin America Market
11.1 Introduction
11.2 Latin America Computer Numerical Controls (CNC) Market Value Share Analysis, By Type
11.3 Latin America Pacific Computer Numerical Controls (CNC) Market Forecast By Type
11.4 Latin America Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Application
11.5 Latin America Pacific Computer Numerical Controls (CNC) Market Forecast By Application
11.6 Latin America Pacific Computer Numerical Controls (CNC) Market Value Share Analysis, By Country
11.7 Latin America Pacific Computer Numerical Controls (CNC) Market Forecast By Country
11.7.1 Brazil Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
11.7.2 Rest of Latin America Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
12. Computer Numerical Controls (CNC) Market: Company Profiles
12.1 Fanuc Corporation.
12.1.1 Company Details
12.1.2 Market Presence
12.1.3 Recent Developments
12.1.4 Financial
12.1.5 Strategic Overview
12.2 Haas Automation
12.2.1 Company Details
12.2.2 Market Presence
12.2.3 Recent Developments
12.2.4 Financial
12.2.5 Strategic Overview
12.3 Dr. Johannes Heidenhain GmbH
12.3.1 Company Details
12.3.2 Market Presence
12.3.3 Recent Developments
12.3.4 Financial
12.3.5 Strategic Overview
12.4 OKUMA Corporation
12.4.1 Company Details
12.4.2 Market Presence
12.4.3 Recent Developments
12.4.4 Financial
12.4.5 Strategic Overview
12.5 Siemens AG
12.5.1 Company Details
12.5.2 Market Presence
12.5.3 Recent Developments
12.5.4 Financial
12.5.5 Strategic Overview
12.6 JTEKT Corporation
12.6.1 Company Details
12.6.2 Market Presence
12.6.3 Recent Developments
12.6.4 Financial
12.6.5 Strategic Overview
12.7 GSK CNC Equipments Co. Ltd.
12.7.1 Company Details
12.7.2 Market Presence
12.7.3 Recent Developments
12.7.4 Financial
12.7.5 Strategic Overview
12.8 DMG Mori Co. Ltd.
12.8.1 Company Details
12.8.2 Market Presence
12.8.3 Recent Developments
12.8.4 Financial
12.8.5 Strategic Overview
12.9 Takisawa Machine Tool CO. Ltd.
12.9.1 Company Details
12.9.2 Market Presence
12.9.3 Recent Developments
12.9.4 Financial
12.9.5 Strategic Overview
12.10 Yamazaki Mazak Corporation
12.10.1 Company Details
12.10.2 Market Presence
12.10.3 Recent Developments
12.10.4 Financial
12.10.5 Strategic Overview
List of Tables
TABLE 1 Global Market Size (USD Mn) Forecast, By Type, 2017 – 2027
TABLE 2 Global Market Size (USD Mn) Forecast, By Application, 2017 – 2027
TABLE 3 North America Computer Numerical Controls (CNC) Market, Revenue (USD Mn) and Forecast, By Type, 2018–2027
TABLE 4 North America Computer Numerical Controls (CNC) Market, Revenue (USD Mn) and Forecast, By Application, 2018–2027
TABLE 5 North America Computer Numerical Controls (CNC) Market, Revenue (USD Mn) and Forecast, By Country, 2018–2027
TABLE 6 Europe Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Type, 2018–2027
TABLE 7 Europe Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Application, 2018–2027
TABLE 8 Europe Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Country, 2018–2027
TABLE 9 Asia Pacific Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Type, 2018–2027
TABLE 10 Asia Pacific Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Application, 2018–2027
TABLE 11 Asia Pacific Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Country, 2018–2027
TABLE 12 Middle East and Africa Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Type, 2018–2027
TABLE 13 Middle East and Africa Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Application, 2018–2027
TABLE 14 Middle East and Africa Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Country Type, 2018–2027
TABLE 15 Latin America Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Type, 2018–2027
TABLE 16 Latin America Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Application, 2018–2027
TABLE 17 Latin America Computer Numerical Controls (CNC) Market Revenue (USD Mn) and Forecast, By Country, 2018–2027
List of Figures
FIG. 1 Report Scope
FIG. 2 Market Attractiveness Analysis by Application
FIG. 3 Market Share of Key Players, 2018
FIG. 4 Market Share, By Types, 2018 & 2027
FIG. 5 Market Share, By Application, 2018 & 2027
FIG. 6 Market Share, By Regions, 2018 & 2027
FIG. 7 Computer Numerical Controls (CNC): Global Market Value Share Analysis By Type, 2018 and 2027
FIG. 8 Lathe Machines Market, 2017 – 2027, USD Mn
FIG. 9 Milling Machines Market, 2017 – 2027, USD Mn
FIG. 10 Lasers Market, 2017 – 2027, USD Mn
FIG. 11 Grinding Units Market, 2017 – 2027, USD Mn
FIG. 12 Welding Machines Market, 2017 – 2027, USD Mn
FIG. 13 Winding Machines Market, 2017 – 2027, USD Mn
FIG. 14 Others Market, 2017 – 2027, USD Mn
FIG. 15 Computer Numerical Controls (CNC): Global Market Value Share Analysis By Application, 2018 and 2027
FIG. 16 Automotive Market, 2017 – 2027, USD Mn
FIG. 17 Industrial Market, 2017 – 2027
FIG. 18 Power & Energy Market, 2017 – 2027, USD Mn
FIG. 19 Defense & Aerospace, 2017 – 2027, USD Mn
FIG. 20 Other Applications Market, 2017 – 2027, USD Mn
FIG. 21 North America Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 22 North America Computer Numerical Controls (CNC) Market, Value Share Analysis, By Type, 2018 and 2027
FIG. 23 North America Computer Numerical Controls (CNC) Market, Value Share Analysis, By Application, 2018 and 2027
FIG. 24 North America Computer Numerical Controls (CNC) Market, Value Share Analysis, By Country, 2018 and 2027
FIG. 25 U.S. Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 26 Canada Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 27 Mexico Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 28 Europe Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 29 Europe Computer Numerical Controls (CNC) Market, Value Share Analysis, By Type, 2018 and 2027
FIG. 30 Europe Computer Numerical Controls (CNC) Market Value Share Analysis, By Application, 2018 and 2027
FIG. 31 Europe Computer Numerical Controls (CNC) Market, Value Share Analysis, By Country, 2018 and 2027
FIG. 32 U.K. Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 33 Germany Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 34 France Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 35 Italy Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 36 Rest of Europe Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 37 Asia Pacific Computer Numerical Controls (CNC) Market, Value Share Analysis, By Type, 2018 and 2027
FIG. 38 Asia Pacific Computer Numerical Controls (CNC) Market, Value Share Analysis, By Type, 2018 and 2027
FIG. 39 Asia Pacific Computer Numerical Controls (CNC) Market, Value Share Analysis, By Application, 2018 and 2027
FIG. 40 Asia Pacific Computer Numerical Controls (CNC) Market, Value Share Analysis, By Country, 2018 and 2027
FIG. 41 China Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 42 Japan Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 43 India Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 44 South Korea Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 45 Rest of Asia Pacific Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 46 Middle East & Africa Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 47 Middle East and Africa Computer Numerical Controls (CNC) Market, Value Share Analysis, By Type, 2018 and 2027
FIG. 48 Middle East and Africa Computer Numerical Controls (CNC) Market, Value Share Analysis, By Application, 2018 and 2027
FIG. 49 Middle East and Africa Computer Numerical Controls (CNC) Market, Value Share Analysis, By Country, 2018 and 2027
FIG. 50 UAE Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 51 Saudi Arabia Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 52 South Africa Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 53 Latin America Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 54 Latin America Market, Value Share Analysis, By Type, 2018 and 2027
FIG. 55 Latin America Computer Numerical Controls (CNC) Market Value Share Analysis, By Application, 2018 and 2027
FIG. 56 Latin America Computer Numerical Controls (CNC) Market Value Share Analysis, By Country, 2018 and 2027
FIG. 57 Brazil Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
FIG. 58 Rest of Latin America Computer Numerical Controls (CNC) Market, 2017 – 2027, USD Mn
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Computer Numerical Controls (CNC) Market Growth, Forecast 2019 - 2027
