Computer Numerical Control Machines Market Trends, Growth, Analysis, Outlook, Report, Size, Share, Price, Forecast 2021–2026

Computer Numerical Control Machines Market Trends, Growth, Analysis, Outlook, Report, Size, Share, Price, Forecast 2021–2026

The new report by Expert Market Research titled, ‘Global Computer Numerical Control Machines Market Trends, Report and Forecast 2021-2026’, gives an in-depth analysis of the global computer numerical control machines market, assessing the market based on its segments like machine types, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 68.4 Billion
  • Forecast CAGR (2021-2026): 7%
  • Forecast Market Size (2026): USD 100 Billion

The increasing need for hassle-free automation and time and cost-saving opportunities by the consumers is driving the computer numerical control machines market. Increase in demand in mass production plants also propels the market growth. They are increasingly deployed in mass production plants, owing to their ability to manufacture high precision parts and components. Growth in need for precision and time effectiveness also aids the market demand owing to surge in need for intricate solid parts manufactured with defined finishing along with operational effectiveness is primarily driving the growth of market. Factors like rapid growth in industrialisation and rapid urbanisation, favourable government initiatives enabling manufacturers to invest in the growing market, rising concerns for cutting operational costs, mitigating human error, technological advancement and early adoption of the technology are also contributing to the market growth.

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Industry Definition and Major Segments

Computer numerical control system is a method for automated control of machine tools used to process, transform, or control machines or tools. It includes drills, lathes and 3D printers, among others. It employs an already embedded software system in a microcomputer affixed to the control system. The functions to be performed on the mechanising instruments are guided by numerical control.

By machine types, the market is divided into:

  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

On the basis of end use, the industry is divided into:

  • Aerospace and Defence
  • Automobiles
  • Electronics
  • Healthcare
  • Others

The global markets of computer numerical control system can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

Due to surge in demand for real time information access, manufacturers are increasing the adoption of internet of things (IoT) in their production process, resulting in improving productivity, safety, innovation, production, and reducing time cost. The rising investment in IoT in the manufacturing sector is also contributing to the market. The introduction of new features, such as an application that notifies the status of a machine to the supervisors on their smartphones. These technologies reduce the time required for manufacturing the workpieces and the chances of errors. Development of software and applications allow managers to track the activities carried out on the shop floor by the operators as a result of technological advancements. These facilities enable proactive decision-making by the managers and help improve the productivity of the unit.

Key Market Players

The major players in the market are HEIDENHAIN Corporation, Soft Servo Systems, Inc., Bosch Rexroth AG, Mitsubishi Electric Corporation, FANUC Corporation, Siemens, and Haas Automation, Inc, amongst others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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