Computer Numerical Control Machine Market Analysis, Segments, Major Geographies and Current Market Forecasts 2026

Posted February 25, 2020 by Stephenwilson12

global CNC machines market size is anticipated to reach USD 106.54 billion by 2026 according to a new report published by Polaris Market Research

global CNC machines market size is anticipated to reach USD 106.54 billion by 2026 according to a new report published by Polaris Market Research. The report “Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report By Type (Milling Machine, Lathe Machine, Grinding Machine, Welding, Winding Machine, Laser Machines, Others); By Application (Industrial, Automotive, Aerospace and Defense, Electronics, Others); By Regions, Segments & Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

In 2018, lathe machine segment dominated the global industry in terms of revenue. Among regions, Asia Pacific will represent region with maximum computer numerical control machine market share during forecast period.

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An increasing mechanization drive happening globally in sectors such as healthcare, construction, automotive and oil and gas are expected to support growth. The other factors include high accuracy, greater precision, reduced human errors and increased safety. The rising demand for mass production would boost industry during forecast period. However, restraints in the form of high investment costs pull the market down. Growing demand from emerging economies and technological advancements are factor expected to boost CNC machine market.

Computer numerical control machines are used to automate manufacturing and produce large number of products in verticals such as aerospace, automotive, defense, electronics and healthcare. Increasing demands for energy efficient computer numerical control machines have been on the word go for over the years. Use of energy efficient computer numerical control machine assists in conserving electricity and reducing costs while manufacturing high quality products. Thus, manufacturers would prosper by introducing energy efficient CNC machines along with good prospects for computer numerical control machine market growth.

Asia Pacific generated the highest revenue in 2017 and will do so throughout the forecast period. The presence of emerging sectors such as agriculture, healthcare, finance, construction and automotive, including focus on R&D efforts, and growing need for automation drive growth. Fast industrialization and huge growth of manufacturing industry bolsters growth in the region.

The different types of CNC machines include milling machine, lathe machine, grinding machine, welding and winding machine and others. In 2017, lathe machine segment accounted for largest CNC machine market share. The introduction of multi-axis machine types, ease of operation and high precision foster the adoption of lathe machines. Lathes are used widely in industries such as automobiles, mining, manufacturing, construction and others.

The leading players in Computer Numerical Control Machine Market include Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, GSK CNS Equipment Ltd., Amada Machine Tools Co. Ltd., Haas Automation, Inc., DMG Mori Co., Ltd., Heldenhain GmbH, Sandvik AB, Bosch Rexroth AG, Soft Servo Systems, Inc., and Yamazaki Mazak Corporation among others.

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Polaris Market Research has segmented the Computer Numerical Machines Market report in the basis of type, application and region.

CNC Machines Type Outlook (Revenue, USD Billion, 2015 – 2026)
• Milling Machine
• Lathe Machine
• Grinding Machine
• Welding Machine
• Winding Machine
• Laser Machines
• Others
CNC Machines Application Outlook (Revenue, USD Billion, 2015 – 2026)
• Industrial
• Automotive
• Aerospace and Defense
• Electronics
• Others
CNC Machines Regional Outlook (Revenue, USD Billion, 2015 – 2026)
• North America
o U.S.
o Canada
• Europe
o UK
o France
o Germany
o Italy
• Asia Pacific
o India
o China
o Japan
• Latin America
o Mexico
o Brazil
• Middle East & Africa
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Issued By polaris market research
Country United States
Categories Business
Tags size , share , Trends , Growth , analysis
Last Updated February 25, 2020