Computer Numerical Control Machines Market Analysis Report By Type, By End Use, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global computer numerical control machines market size was USD 67.19 billion in 2019. It is projected to grow at the CAGR of 7.3% over the forecast period, 2020 to 2027. Growing development in production technologies has reduced the time in manufacturing operations with better efficiency. Advanced machines are smaller in size and they do not need any supervisor for monitoring applications. These benefits help to save operational costs for the company, thereby, leading to higher adoption of CNC machines.

Manufacturers in the market are continuously focusing on utilizing technological trends for enhancing operational flexibility and better connectivity of machinery. In addition, the increasing adoption of machine learning, and IoT technology is expected to surge its demand. The CNC systems can be easily integrated with computer and smartphone applications. These solutions help in reducing the time required in operation using CNC machines. Thus, CNC machines are highly preferred over other traditional machines. Moreover, favorable government initiatives such as Make in India and Made in China are expected to surge the market growth.

Companies in the market are offering new products for various applications such as cutting, grinding, drilling, and facing. These machines reduce the manpower requirement and provide better flexibility. Further, these machines also require less space. However, these machines incur high maintenance costs.

CNC machines are widely used in power & energy, automotive, industrial, construction equipment, and aerospace & defense sector. Growing expenditure on employing workers for operating different machines is projected to propel the need for automated machines.  Furthermore, technological development in software solutions is also expected to boost the market growth.

However, the high installation and purchase cost of machines may hinder market growth. In addition, the CNC machine requires skills and proper training to perform various operational tasks. For higher accuracy, manufacturers need to regulate their maintenance plans. All these key factors are projected to limit market growth.

Type Insights

Based on the type, the CNC machines market is segmented into milling machines, laser machines, winding machines, lathe machines, welding machines, grinding machines, and others. In 2019, the lathe machines segment held the highest share in the overall market. Increasing demand for multi-axis machines is supporting market growth. Some of its variants include 5 and 6-axis lathes which are used for making fine cuts.

The milling machines type segment is projected to grow significantly in the coming few years. Rising demand for advanced machinery is expected to proliferate segmental growth. Laser machines are growing in popularity owing to their enhanced speed of operation.  Furthermore, the growing adoption of digitalization in manufacturing operations is driving the demand for automated processes.

End-Use Insights

Rising demand from the industrial, power & energy, and automotive sectors is projected to bolster the growth of the computer numerical control machine market. Increasing demand from the automotive sector with a focus on mass production with minimal time is mainly driving the market growth. For example, Hurco Companies provide VT series machines with high-speed for greater volume production of automotive or electronic components.

In the aerospace & energy sector, high precision level components and accuracy in operation are required owing to complex machinery. Various manufacturers are using CNC technologies to reduce operational costs. In addition, automotive companies use robotics, machine learning, and IoT solutions owing to higher demand. Milling machines help in performing multiple operations with high efficiency with reduced space requirements.

Regional Insights

In 2019, the Asia Pacific led the market with the highest share in the overall market.  Moreover, the growing adoption of CNC machines with integrated IoT devices in the countries such as Japan, China, and India is fostering the market growth. Key manufacturers in the market include Yamazaki Mazak Corporation and Okuma Corporation. Additionally, different trade shows for creating awareness about new technologies, and government initiatives are projected to complement the market growth.

Europe is projected to expand at a substantial CAGR during the forecast period. The presence of major automotive companies in the market is also boosting market growth. Some of the key technology developers such as Datron AG, Sandvik AB are anticipated to increase the demand for CNC machines in the coming few years.

Impact of COVID-19

COVID-19 pandemic has disrupted the supply chain of Computer Numerical Control (CNC) machine manufacturing. All the factories have been shut down due to lockdown restrictions in the first and second quarters of 2020. The travel & tourism sector has been hit hard by the corona crisis which in turn is impacting the aerospace & aviation industry. In the aerospace industry, there is a lower need for the manufacturing of aircraft & engine parts. This is expected to impact the growth of the CNC machine market.

However, with new technological innovations in advanced CNC machine tools, the market is projected to grow at a significant pace over the forecast period. Moreover, the manufacturers are emphasizing incorporating automation to enhance core machine competencies.

Computer Numerical Control (CNC) Machines Market Share Insights

Leading players in the market include Amera Seiki, Amada Co., Ltd., Fanuc Corporation, Datron AG, Dalian Machine Tool Group (DMTG) Corporation, Haas Automation, Inc., DMG Mori, Hurco Companies, Inc., and Okuma Corporation.

The companies in the market focus on strategic acquisitions, collaborations, and partnerships to increase their presence across the world. For example, in 2016, Fanuc Corporations have collaborated with Rockwell Automation and Cisco for developing the FIELD system.

Some of the key players focus on investing in R & D activities and developing innovative technologies to improve the efficiency of machinery. For example, in 2018, Hurco Companies, Inc. has invested over USD 4.7 million in research & development programs.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global computer numerical control machines market report based on type, end-use, and region:

• Type Outlook (Revenue, USD Billion, 2016 - 2027)
    • Lathe Machines
    • Milling Machines
    • Laser Machines
    • Grinding Machines
    • Welding Machines
    • Winding Machines
    • Others

• End-Use Outlook (Revenue, USD Billion, 2016 - 2027)
    • Automotive
    • Aerospace & Defense
    • Construction Equipment
    • Power & Energy
    • Industrial
    • Others

• Regional Outlook (Revenue, USD Billion, 2016 - 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • France
        • Germany
        • Italy
    • the Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Mexico
    • Middle East & Africa (MEA)