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Computer Numerical Controls (CNC) Market Size (2024 - 2029)

The CNC market is experiencing significant growth driven by the increasing demand for production efficiency and automated manufacturing processes. This demand is prompting industries to adopt CNC machines to streamline operations, reduce production time, and minimize human error. The competitive landscape is pushing manufacturers to enhance their facilities with CNC technology, and the integration of 3D printing is further improving production capabilities. The expansion of manufacturing facilities in regions like Asia-Pacific and the automotive sector's shift towards automation are also contributing to the market's expansion. Additionally, the need for sustainable energy solutions is boosting the use of CNC machines in power generation, supporting the overall market growth.

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Market Size of Computer Numerical Controls (CNC) Industry

Computer Numerical Controls (CNC) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 100.78 Billion
Market Size (2029) USD 146.65 Billion
CAGR (2024 - 2029) 7.79 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Computer Numerical Controls (CNC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Computer Numerical Controls (CNC) Market Analysis

The Computer Numerical Controls Market size is estimated at USD 100.78 billion in 2024, and is expected to reach USD 146.65 billion by 2029, growing at a CAGR of 7.79% during the forecast period (2024-2029).

The increase in demand for productions efficiency will drive the market in the forecast period.

  • There is an increasing demand for production efficiency, as these computer numerical control machines streamline many operational processes by reducing production time and minimizing human error.
  • Also, a highly competitive market has compelled players to focus on efficient manufacturing techniques. They are trying to gain a competitive advantage by redesigning their facilities, which include CNC machines. Apart from this, the integration of 3D printing with CNC machines is a unique addition to some of the new production units, which is expected to offer better multi-material capability, with little resource wastage.
  • The growing demand for automated manufacturing in the industrial sector has resulted in the increasing usage of CNC machines. Also, the establishment of manufacturing facilities in Asia-Pacific has spurred the usage of computer numerical controls in the sector.
  • On the other hand, the automotive sector is set to be a rapidly developing one in the coming years, mainly due to the increasing rate of automated automobile manufacturing.
  • Also, rising concerns over global warming and depleting energy reserves have led to the production of alternative sources of power, such as solar and water, among various others, which are further promoting market growth. CNC machines are also actively used in power generation, as this process requires wide-scale automation.

Computer Numerical Controls (CNC) Industry Segmentation

Computer numerical control (CNC) machining is the process through which computers control machine-based processes in manufacturing. The kinds of machines controlled include lathes, mills, routers, and grinders all of which are used for the manufacturing of metal and plastic products. Applications are in automotive. oil and gas, aerospace and defense, and others.

By Machine Type
Lathe Machine
Miller Machine
Laser
Welding Machine
Winding Machine
Other Machine Types
By End Users
Automotive
Industrial
Power and Energy
Aerospace and Defense
Other End Users
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Middle-East and Africa
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Computer Numerical Controls (CNC) Market Size Summary

The CNC market is poised for significant growth, driven by the increasing demand for production efficiency and automation in various industrial sectors. Computer Numerical Control machines are becoming integral in streamlining operational processes, reducing production time, and minimizing human error. This demand is further fueled by the competitive nature of the market, prompting companies to adopt efficient manufacturing techniques and integrate advanced technologies like 3D printing with CNC machines. The automotive sector, in particular, is experiencing rapid development due to the rise in automated automobile manufacturing, with CNC machines playing a crucial role in producing various vehicle components. Additionally, the establishment of manufacturing facilities in the Asia-Pacific region is contributing to the heightened usage of CNC machines, supported by the region's industrialization and favorable economic conditions.

The market is characterized by moderate concentration, with key players such as Siemens AG, JTEKT Corporation, and Fanuc Corporation leading the charge. These companies are focusing on innovations in software and operability to enhance industrial systems. The CNC market's growth is also supported by the increasing application of CNC machines in power generation and the automotive industry, where precision and efficiency are paramount. Developing economies like China and India are witnessing rapid industrial growth, further propelling the market. The availability of labor and cost-effective components are encouraging manufacturers to shift production units to these regions, thereby boosting the adoption of CNC technology.

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Computer Numerical Controls (CNC) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Growing Demand for Production Efficiency

      2. 1.3.2 Increasing Demand for Customized Production

    4. 1.4 Market Restraints

      1. 1.4.1 High Costs Associated with Installation and Maintenance

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Machine Type

      1. 2.1.1 Lathe Machine

      2. 2.1.2 Miller Machine

      3. 2.1.3 Laser

      4. 2.1.4 Welding Machine

      5. 2.1.5 Winding Machine

      6. 2.1.6 Other Machine Types

    2. 2.2 By End Users

      1. 2.2.1 Automotive

      2. 2.2.2 Industrial

      3. 2.2.3 Power and Energy

      4. 2.2.4 Aerospace and Defense

      5. 2.2.5 Other End Users

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle-East and Africa

Computer Numerical Controls (CNC) Market Size FAQs

The Computer Numerical Controls (CNC) Market size is expected to reach USD 100.78 billion in 2024 and grow at a CAGR of 7.79% to reach USD 146.65 billion by 2029.

In 2024, the Computer Numerical Controls (CNC) Market size is expected to reach USD 100.78 billion.

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