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Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • February 2021
  • 111 pages
  • ID: 5808072
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global computer numerical control (CNC) market exhibited moderate growth during 2015-2020.

Computer numerical control (CNC) refers to the process of automating machines that operate through programmed commands encrypted on a storage medium. It involves generating a computer-aided design (CAD) and then translating it into G-code. After the CAD drawing is loaded in the machine control unit (MCU), an operator runs a test for ensuring its proper positioning and performance. Some of the manufacturing processes performed by these machines include shaping, grinding, bending, cutting, welding, gluing, drilling, hole punching, etc. Nowadays, CNC machines are widely utilized in the manufacturing of metal and plastic parts. Looking forward, the analyst expects the global computer numerical control (CNC) market to grow at a CAGR of 6.50% during 2021-2026.

A significant rise in the demand for large-scale automation has been witnessed in various industries owing to the increasing need for reducing the overall operational costs. This can also be accredited to the requirement of decreasing the manufacturing time as well as the chances of human error. Apart from this, the evolution of the Internet of Things (IoT) and machine learning technology has resulted in the development of applications which notify the status of the CNC machine to operators/supervisors on their computers as well as smartphones. Moreover, several governments are supporting the establishment of manufacturing units in their countries, which is further strengthening the market growth. In addition to this, manufacturers are launching new CNC machines that perform multiple operations simultaneously. These machines aid in increasing the flexibility for attendants and minimizing the workforce requirements.

This latest report provides a deep insight into the global computer numerical control (CNC) market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global computer numerical control (CNC) industry in any manner.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Machine Type:
Lathe Machines
Milling Machines
Laser Machines
Grinding Machines
Welding Machines
Winding Machines
Others

Market Breakup by End Use Industry:
Aerospace and Defense
Automobile
Electronics
Healthcare
Others

Market Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Mondragon Corporation, GSK CNC Equipment, Soft Servo Systems, Heidenhain GmbH, Bosch Rexroth AG, Siemens AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation, FANUC Corporation, etc.

Key Questions Answered in This Report:
How has the global computer numerical control (CNC) market performed so far and how will it perform in the coming years?
What are the key regional markets in the global computer numerical control (CNC) industry?
What has been the impact of COVID-19 on the global computer numerical control (CNC) industry?
What is the breakup of the market based on the machine type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global computer numerical control (CNC) industry?
What are the key driving factors and challenges in the global computer numerical control (CNC) industry?
What is the structure of the global computer numerical control (CNC) industry and who are the key players?
What is the degree of competition in the global computer numerical control (CNC) industry?

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