Global Computer Numerical Control Machines Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Computer Numerical Control Machines Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Computer Numerical Control Machines market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global computer numerical control machines market size was valued at USD 67.19 billion in 2019 and is expected to expand at a CAGR of 7.3% from 2020 to 2027. The increasing advancements in production technology have led to a reduction in the time required for manufacturing components along with ability to produce components with better surface finish. The market is driven by emerging needs for smaller factory footprints, owing to lack of availability of space. The modern machine variants are compact and do not require any operator or supervisor to constantly monitor the machine operations. This minimizes the need for manual labor in turn saving the costs for the company.

Manufacturers are increasingly focusing on current technological trends in the field of computer numerical control (CNC) software to enhance the connectivity of machines with operators and improve flexibility on shop floor area. The evolution of Internet of Things (IoT) and machine learning technology has resulted in the introduction of new features, such as an application that notifies the status of a machine to the operators/supervisors on their smartphones or PCs. Additionally, these technologies used in CNC machines reduce the time required for manufacturing the workpieces and limits the chances of errors. Hence, manufacturers choose CNC machines over the traditional machines. Various government initiatives such as, the Make in India initiative by the Indian government, and Made in China 2025 initiative by Chinese government, support the establishment of manufacturing units in their respective nations.

Manufacturers are introducing new variants that perform multiple operations such as drilling, cutting, turning, facing, and grinding. These features are increasing flexibility for attendants and reducing the need for manpower at shop floor. The new machine models are compact and require lesser floor space as compared to the conventional machinery. However, reducing the costs associated with maintenance of these machines is the key challenge for the manufacturers.

Computer numerical control machines are used in automotive, aerospace and defense, power and energy, construction equipment, industrial, and several other large-scale manufacturing plants. The increasing expenses of employing operators for individual machinery are expected to further fuel the demand for automated CNC machines over the forecast period. Technological advancements have resulted in development of software and applications that allow managers to track the activities carried out on the shop floor by the operators. These features enable proactive decision making by the managers and improves productivity of the unit.

However, the costs associated with purchasing and installation of the products, acting as a challenge to the market adoption. Furthermore, in order to operate the CNC machines, proper training, and skills are required by the machinist to perform the desired tasks. To maintain the surface finish and accuracy of the workpieces, manufacturers need to sign up for regular maintenance plans. In case of unforeseen breakdowns, the manufacturers need to spend significantly higher amount than planned maintenance programs. These factors are expected to hinder the market growth to a great extent.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Computer Numerical Control Machines market are included as given below:

The machine tools industry is fragmented and numerous players hold significant position in the global market share. The key players 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.; and Yamazaki Mazak Corporation.

Several market players are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product development. For instance, in 2016, Fanuc Corporation collaborated with Cisco (a player in digitization market), Rockwell Automation (a player in industrial automation market), and Preferred Networks (a player in Artificial Intelligence solutions market) for the development and deployment of the FIELD system.

Furthermore, the key companies are investing in R&D activities to improve the machine design in such a way that it allows multiple operations to be carried out by the same machine thereby improving the productivity of the plant. For instance, in 2018, Hurco Companies, Inc. invested USD 4.7 million in R&D program for significant product improvement and new product development. The FIELD system platform connected CNCs, robots, and peripheral devices and sensors to provide analytics for optimization of manufacturing processes. Such initiatives are anticipated to drive the market growth over the next eight years

The global Computer Numerical Control Machines market has been segmented as below:

• Type 

  • Lathe Machines

  • Milling Machines

  • Laser Machines

  • Grinding Machines

  • Welding Machines

  • Winding Machines

  • Others

• End-use 

  • Automotive

  • Aerospace & Defense

  • Construction Equipment

  • Power & Energy

  • Industrial

  • Others

• Global Computer Numerical Control Machines Market by Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Computer Numerical Control Machines development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects