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CNC Machine Market Size, Share Global Analysis Report, 2021 – 2026
CNC Machine Market By Types of Operations (Lathe, Milling, Laser, Grinding, Welding, Winding, & Others), By End-User (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
[213+ pages Report] We at Facts & Factors have recently published a report titled “Global CNC Machine Market” that encompasses the spectacle of the global CNC machine market in an analytical and comprehensive manner. In this report, the market is estimated to reach USD 119.3 Billion in the year 2026 from an initial value of USD 84.9 Billion in the year 2020 growing at a CAGR value of 5.7%.
Market Overview
Numerical control or computer numerical control or CNC is mechanical equipment that deals with automated controls of machine tools in terms of drills, lathes, mills, and 3D printers which are programmed with the help of a computer. A CNC machine has the ability to process a piece of material (metal, plastic, wood, ceramic, and composites) with preset specifications that are entered by a specifically coded program without the aid of manual or direct oversight. The current generation of CNC machines are completely automated and the finished product often comes out of the machine in a ready-to-use format.
Industry Growth Factors
The driving force behind the considerable growth of the global CNC machine market contributes to the integration of CNC systems in healthcare sector coupled with the incorporation of digital technologies into products and processes to name a few. Additionally, rising demands for products pertaining to increased service quality and simplicity coupled with the development of programmable logic controllers (PLC) will increase the footprint of the global CNC machine market during the advent of the forecast period. Moreover, the evolution and development of IoT in CNC machines coupled with increased availability of sensors, internet access measures, and cloud computing resources will further boost the growth of the global CNC machine market during the advent of the forecast period.
The global CNC machine market is driven by rising demand for products having a superior surface finish coupled with the minimized need for manual labor to name a few. Factors pertaining to increased demand from the sector of automotive, manufacturing, and power & energy coupled with rising technological advancements will fuel the growth of the global CNC machine market during the advent of the forecast period. However, a higher maintenance cost and lack of skilled workforce due to the absence of training among the users will hamper the growth of the global CNC machine market to a certain extent.
Segmentation Analysis
The global CNC machine market is segmented into types of operations, end-user, and region.
On the basis of operations, the global CNC machine market is divided into the lathe, milling, laser, grinding, welding, winding, and others. The segment pertaining to lathes is expected to witness the largest market share during the advent of the forecast period owing to the integration of the latest variations of 5 and 6 axis lathes coupled with ease of operations and a rising list of myriad applications to name a few. The laser machines category will occupy a substantial market share during the forecast duration due to rising demand for improved speed of machining capabilities and increased adoption of digitalization measures to name a few. Based on end-user, the global CNC machine market is divided against automotive, aerospace & defense, construction equipment, power & energy, industrial, and others. The segment pertaining to industrial usage will witness the largest market share during the advent of the forecast period owing to increased adoption of AI, IoT, and machine learning properties coupled with rising demand from end-users to name a few. The segment of automotive manufacturing is expected to witness the fastest growing CAGR during the advent of the forecast period owing to rising demand for mass production measures coupled with increased demands for minimum time and expenses to name a few.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 84.9 Billion |
Projected Market Size in 2026 |
USD 119.3 Billion |
CAGR Growth Rate |
5.7% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., Amada Machine Tools Co. Ltd., JTEKT Corporation, MAG IAS GmbH, Makino, Hyundai WIA, Komatsu Ltd., Okuma Corporation, FANUC Corporation, XYZ Machine Tools, Mitsubishi Heavy Industries, General Technology Group Dalian Machine Tool Corporation, and ANCA Group, among others. |
Key Segments |
Types of Operations, End-Users, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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Regional Analysis
Asia-Pacific is expected to witness the largest market share during the advent of the forecast period owing to increasing presence of key market players in the region owing to supportive government policies to name a few. Additionally, increasing number of trade shows in the region coupled with rising adoption of CNC machines aimed at mass producing objects will increase the footprint of the CNC machine market during the advent of the forecast period. Increased integration of additive and subtractive CNC machines coupled with rising demand for various computer CNC machines such as electrical equipment, consumer goods, and electronic manufacturing will further fuel the growth of the CNC machine market during the advent of the forecast period. North America is expected to occupy a substantial market share after the latter region owing to increased adoption of machine tools for metalworking processes coupled with rising number of imports to name a few.
Competitive Players
The key market participants for the global CNC machine market are :
- Yamazaki Mazak Corporation
- Doosan Machine Tools Co. Ltd.
- Amada Machine Tools Co. Ltd.
- JTEKT Corporation
- MAG IAS GmbH
- Makino
- Hyundai WIA
- Komatsu Ltd.
- Okuma Corporation
- FANUC Corporation
- XYZ Machine Tools
- Mitsubishi Heavy Industries
- General Technology Group Dalian Machine Tool Corporation
- ANCA Group
By Types of Operations Segment Analysis
- Lathe
- Milling
- Laser
- Grinding
- Welding
- Winding
- Others
By End-User Segment Analysis
- Automotive
- Aerospace & Defense
- Construction Equipment
- Power & Energy
- Industrial
- Others
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Yamazaki Mazak Corporation
- Doosan Machine Tools Co. Ltd.
- Amada Machine Tools Co. Ltd.
- JTEKT Corporation
- MAG IAS GmbH
- Makino
- Hyundai WIA
- Komatsu Ltd.
- Okuma Corporation
- FANUC Corporation
- XYZ Machine Tools
- Mitsubishi Heavy Industries
- General Technology Group Dalian Machine Tool Corporation
- ANCA Group
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