Computer Numerical Control (CNC) Machine Market Size & Share, by Machine Type (Lathe, Milling, Laser, Grinding, Welding, Winding); Application (Automotive, Industrial, Construction Equipment, General Machine, Precision Engineering, Transport Machine); End-Use (Automation, Aerospace & Defense, Construction, Power & Energy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5889
  • Published Date: Mar 19, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Computer Numerical Control Machine Market size is poised to reach USD 197 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of computer numerical control machine was USD 67 Billion. The reason behind this growth is impelled by technological advancements as these machines are expected to be more sophisticated along with incorporating features such as multi-axis capabilities and the integration of Artificial Intelligence (AI) and Internet of Things (IoT) technology. According to the Comp TIA IT Industry, about 22% of worldwide firms are aggressively pursuing the integration of Artificial Integration, while more than 33% of the firms are promoting the implementation of AI.

Furthermore, the growing demand for automation is increasing productivity as over 90% of businesses report a surge in automation demand, as it provides cutting expenses and satisfying the growing demand for complicated products, and manufacturers, and it also progressively implements automation technologies. These CNC machines are pretty accurate and do provide dependable production procedures.


Computer Numerical Control Machine Market
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Computer Numerical Control Machine Market: Growth Drivers and Challenges

Growth Drivers

  • Growth in the construction industry in 3D printing worldwide - Construction companies and firms are increasingly adopting 3D printing to produce custom-made parts and structures, as well as for prototyping and testing purposes. For instance, in 2019, a construction engineering firm Skanska partnered with Lough Borough University, UK, to promote the usage of 3D printing technology. These companies will be able to reduce their operational costs and time spent on manual construction, and this is expected to drive significant growth in the CNC machine market.
  • The shortage of competent workers and rising labor costs: The use of CNC machines is mostly handled by the cost of labor, especially in industrialized sectors of the nations. CNC machines are proven to be a boon in the sector of skilled labor shortage that earlier prevailed.
  • Rising Technological developments: The CNC machines are still in research and development with the help of new technologies like machine learning (ML) and artificial intelligence (AI). These developments are producing machines that are more capable of carrying out the toolpath commands faster, along with increased memory capacity, CPU speed, and bus communication rates.

Challenges

  • Exorbitant Initial Investment - Given the high initial cost of the machines, CNC technology requires a large investment since purchasing CNC machine tools requires a substantial upfront payment as they have extensive maintenance requirements.
  • Involvement in complex technology increases the need for skilled operators.
  • Shortage of skilled technicians in several regions may limit its adoption.

Computer Numerical Control Machine Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~11%

Base Year Market Size (2023)

~ USD 67 Billion

Forecast Year Market Size (2036)

~ USD 197 Billion

Regional Scope

  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Computer numerical control (CNC) Machine Segmentation

Machine Type (Lathe, Milling, Laser, Grinding, Welding, Winding)

The lathe segment in the CNC machine market is estimated to gain a robust revenue share of 60% in the coming years owing to the growing oil and gas industry. A significant portion of the energy industry and the world economy are dominated by the oil and natural gas sectors driven by changing energy consumption coupled with an increase in the focus on sustainable practices and investments in non-traditional energy sources. As per IEA's India Energy Outlook 2021, India's oil demand rises by almost 4 million barrels per day [mb/d) to reach 8.7 mb/d in 2040, the largest increase of any country. A CNC lathe is a device that revolves material around a stationary cutting tool and a central spindle, which is typically employed to accomplish or create exact circular forms that have an inner diameter (ID) and an outer diameter (OD). The oil and gas sector depends on a variety of CNC machining equipment such as lathe machines which allow for the precise and effective machining of lengthy workpieces. For the oil sector, CNC lathes are ideal as they can be employed for a variety of jobs involving the machining of plastic and metal, and the manufacture of complex equipment parts such as pumps, valves, and hydraulic cylinders. For this reason, CNC lathes are a necessary tool in the oil business to ensure proper dimensional tolerances, thread pipes, and machine shaft ends, and to assist in the production, maintenance, and repair of the equipment and infrastructure.

Application (Automotive, Industrial, Construction Equipment, General Machine, Precision Engineering, Transport Machine)

The industrial segment in the CNC machine market is set to garner a notable share shortly. To make intricate pieces, companies widely utilize CNC machines to eliminate superfluous metals from raw materials. These days, CNC machining is essential to the manufacturing industry to manage the machine tool's motion and command the operations of sophisticated equipment, such as mills, lathes, grinders, and other cutting instruments.

Our in-depth analysis of the global CNC machine market includes the following segments:

          Machine Type

  • Lathe
  •  Milling
  •  Laser
  •  Grinding
  •  Welding
  •  Winding

         End-Use

  • Automation
  • Aerospace & Defense
  •  Construction
  •  Power & Energy

          Application

  • Automotive
  •  Industrial
  •  Construction Equipment
  •  General Machine
  •  Precision Engineering
  •  Transport Machine

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Computer Numerical Control Machine Industry - Regional Synopsis

APAC Market Forecast

The CNC machine market in Asia Pacific is predicted to account for the largest share of 43% by 2036 impelled by the growing demand for efficient and precise manufacturing processes across various industries like electronics, aerospace, medical devices, and automotive. The CNC Machines and their significant mass production are due to the ability to automate manufacturing processes, increase productivity, and hence downtime. The demand for CNC Machines is facing propelled expansion in this region due to the demand for medical devices, electric vehicles (EVs), telecom communication equipment, and semiconductor fabrication equipment.

North American Market Statistics

The North American computer numerical control machine market is estimated to be the second largest, during the forecast timeframe led by the rising stipulation for precision machining, it is observed to be a key driver for the growth of CNC Machines in this region. The Market is constantly enhancing its efficiency, accuracy, and flexibility in the manufacturing process with the use of Automation. This expanding market and growth in the CNC Market is also due to the continuous innovations and focus on smart manufacturing solutions. This industry is adopting technologies like Artificial Intelligence (AI) to make indispensable tools that are required. The exponential sales in this CNC machine market are observed, because of the inexpensive raw materials and low operational costs.

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Computer Numerical Control Machine Market Size
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Companies Dominating the Computer Numerical Control Machine Market

top-features-companies
    • AMADA MACHINE CO., LTD.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • DMG MORI CO., LTD.
    • General Technology Group Dalian Machine Tool Corp.
    • YAMAZAKI MAZAK CORPORATION.
    • DATRON AG
    • FANUC CORPORATION
    • CloudNC Ltd
    • Haas Automation, Inc
    • Hurco Companies, Inc.

In-the-news

In The News

  • CloudNC Ltd. announced to increase in the size and capability of its CNC facility by adding additional machine from DMG Mori, to supply the extra capacity required for the increasing number of businesses relying on CloudNC to manufacture CNC parts in a cheap, efficient, and successful manner, and build an autonomous CNC facility that can be replicated and grown into a self-sufficient manufacturing ecosystem.
  • DATRON, machines are designed to meet the requirements of 2D/3D milled parts, medical technology, micro drilling, the aerospace industry, micro molds, and many other applications, which are reliable partners for precise and efficient milling for your production.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5889
  • Published Date: Mar 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Technological advancements and growing demand for automation are the major factors driving the growth of the market.

The market size of Computer numerical control (CNC) Machine is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2024-2036.

The major players in the market are DMG MORI CO., LTD., General Technology Group Dalian Machine Tool Corp., YAMAZAKI MAZAK CORPORATION., DATRON AG, FANUC CORPORATION, CloudNC Ltd, Haas Automation, Inc, Hurco Companies, Inc. and others.

The lathe segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Computer Numerical Control Machine Market Report Scope
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