26-Feb-2020 | Facts and Factors
Facts and Factors have authored “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”. Based on our analysis, the global CNC Machine market in 2020 is approximately USD 84.9 Billion and is anticipated to reach around USD 119.3 Billion by 2026. The anticipated CAGR for the CNC Machine market is around 5.7% from 2021 to 2026.
The global CNC Machine market is set to grow at a significant rate. The rise in demand for the new technological advancements, machinery, and automobiles is projected to augment the market in the forecasted period. The evolution of the internet of things (IoT) is expected to create a prominent opportunity for CNC machine manufacturers.
Browse the full “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" report at https://www.fnfresearch.com/cnc-machine-market-report
CNC is a computer-ordered machining process that brings precision to the machined components and saves time for manufacturing components manually. It increases the overall efficiency and productivity of manufacturing the products. Products are manufactured by providing G-Code and M-codes to the machine along with the axis coordinates.
Constant technological advancements in the machines and machine components are estimated to propel the CNC machine market. Also, the CNC with automatic tool change is projected to have a momentous opportunity in the forecasted time. However, CNC machines are expensive than conventional machines.
According to type, the market is segmented in the CNC Milling, CNC Lathe, CNC Welding, CNC Winding, and CNC Grinding Machine. It is expected that CNC Lathe is expected to have a major share in the forecasted time owing to complex part design in the forecasted time. The “CNC Lathe” category, is the prominent revenue-generating category owing to a rise in demand for multiaxis variants. It also produces products with a better finish. The “CNC Milling Machine” category is expected to grow rapidly in the forecasted period owing to economic operation costs.
According to an application, it is expected that the machinery manufacturing category is expected to have significant growth in the forecasted period. The rise in demand for machined products from the Machinery Manufacturing and Automobiles industries is projected to propel the market.
Additionally, the regional market is bifurcated in regions like Europe, North America, Asia Pacific, Middle East, and Africa, and Latin America. It is projected that the Asia Pacific market is projected to have the largest market share in the forecasted time due to growing manufacturing sectors. The significant growth in the manufacturing sector is expected due to an increase in foreign direct investment in Asia Pacific countries. The FDI is expected to propel in the Asia Pacific region owing to the availability of resources at economical costs. Also, the government of India is focusing on the “Make in India” campaign which is estimated to create a favorable environment for foreign investors.
Top Market 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, and ANCA Group, among others.
This report segments the CNC Machine market as follows:
Global CNC Machine Market: By Types of Operations Segment Analysis
Global CNC Machine Market: By End-User Segment Analysis
Global CNC Machine Market: Regional Segment Analysis
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