Computer Numerical Control Machines Market 2030: The Rise of Smart Manufacturing

Posted on 2024-10-16 by researchinsights in Technology // 0 Comments

Market Size & Trends

The global computer numerical control machines market size was valued at USD 66.74 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. The widespread adoption of computer numerical control (CNC) machines can be attributed owing to their ability to automate manufacturing processes. Computer numerical control machines can execute complex tasks with high precision and consistency, reducing human error and labor costs. These machines can work continuously, 24/7, significantly improving productivity and efficiency in various industries, such as automotive, aerospace, and electronics.

The CNC machines market recovered well in 2022 due to increased machine orders across industries, especially from North America. Asia Pacific, and Europe. In 2022, the market recorded positive growth owing to the pent-up demand and backlog orders resulting from the pandemic. Furthermore, technological advancements are expected to drive the growth of CNC machines. These machines are becoming more sophisticated, incorporating features such as multi-axis capabilities, improved spindle speeds, advanced tooling options, and real-time monitoring systems. The integration of Internet of Things (IoT) technology and Artificial Intelligence (AI) further enhances their capabilities, enabling predictive maintenance, adaptive machining, and data-driven optimizations.

Gather more insights about the market drivers, restrains and growth of the Global Computer Numerical Control Machines Market

Type Insights

Based on type, the CNC lathe machines segment accounted for largest market share of over 28.0% in 2022. The segment growth of CNC lathe machines is anticipated to be fuelled by the increasing demand from the automotive sector. This demand is driven by the need to manufacture customized parts like cylinder heads, gearboxes, starter motors, and for prototyping applications. Additionally, the segment is expected to benefit from technological advancements in existing CNC lathe systems. The incorporation of new features to cater to diverse applications is expected to contribute positively to the segment growth.

End-use Insights

The industrial segment accounted for largest market share of approximately 26.0% in 2022. The industrial sector’s adoption of CNC machines is driven by the aim to achieve greater automation and improved efficiency. These machines can execute intricate manufacturing tasks with minimal human intervention, resulting in heightened productivity and reduced production times. Moreover, the industrial segment encompasses various manufacturing industries such as packaging, electronics, medical, and others. The growing demand for fully automated and turnkey CNC machines, aimed at addressing production backlogs from 2020, is expected to drive segment growth over the forecast period.

Regional Insights

The CNC machines market in North America accounted for a market share of 14.5% in 2023.This growth is driven by CNC machine’s increasing need for advanced machining solutions to meet the demands of evolving operations. The demand for CNC machines in North America is due to the emphasis on precision and efficiency in metalworking processes within the mining industry.

Key Companies & Market Share Insights

Some of the key players operating in the market include OKUMA Corporation; Haas Automation, Inc; YAMAZAKI MAZAK CORPORATION.; Hurco Companies, Inc.; Mitsubishi Electric Corporation; and FANUC CORPORATION.

Okuma Corporation engaged in manufacturing of CNC machines. The company has 2 manufacturing plants and 11 sales service offices operated by its subsidiaries. Okuma Corporation invests heavily in R&D and innovations to gain a competitive advantage and create opportunities for long-term growth prospects.
FANUC Corporation is a technology company that provides factory automation products globally. The company has 30 manufacturing facilities and 263 sales and service offices serving 108 countries in Asia Pacific, the Americas, Europe, Oceania, and South Africa.
AMADA MACHINERY CO., LTD.; Amera Seiki; DMG MORI CO., LTD.; General Technology Group Dalian Machine Tool Corporation; DATRON AG; and Shenyang Machine Tool Part Co., Ltd. are some of the emerging market participants in the computer numerical control machines market.
Amada Machine Tools Co., Ltd. engaged in development, manufacturing, and sales of machine tools, stamping press machines, and metal cutting machines. The company has 7 manufacturing facilities and over 200 sales offices worldwide. The company has offices across Europe, North America, and Asia.
DMG Mori Co., Ltd. serves sectors such as transportation, healthcare, food, and garments across Asia Pacific, Middle East & Africa, Europe, and the Americas. The company has 14 production facilities and 30 sales and services offices. It has more than 150,000 existing customers across the globe.

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Key Computer Numerical Control Machines Companies:

AMADA MACHINERY CO., LTD.
Amera Seiki
DMG MORI CO., LTD.
General Technology Group Dalian Machine Tool Corporation
DATRON AG
FANUC CORPORATION
Haas Automation, Inc
Hurco Companies, Inc.
Mitsubishi Electric Corporation
OKUMA Corporation
Shenyang Machine Tool Part Co., Ltd.
YAMAZAKI MAZAK CORPORATION.

Computer Numerical Control Machines Market Segmentation

Grand View Research has segmented the global computer numerical control machines market based on type, end-use, and region:

Computer Numerical Control Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 – 2030)

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

Computer Numerical Control Machines End-use Outlook (Revenue, USD Billion, 2018 – 2030)

Automotive
Aerospace & Defense
Construction Equipment
Power & Energy
Industrial
Others

Computer Numerical Control Machines Regional Outlook (Revenue, USD Billion, 2018 – 2030)

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Italy
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
MEA
- U.A.E.
- Saudi Arabia
- South Africa

Order a free sample PDF of the Computer Numerical Control Machines Market Intelligence Study, published by Grand View Research.

Recent Developments

In September 2023, DMG MORI CO., LTD. announced the acquisition of KURAKI, a CNC machine manufacturer. Through the acquisition former company aims to expand the demand for CNC horizontal boring as well as milling machines by incorporating digitalization and automation technologies.
In August 2023, OKUMA Corporation launched an next-generation machine control – Okuma OSP-P500. The product is equipped with dual-core computer processors that deliver improved levels of machine processing power. It is also equipped with Digital Twin Technology, which allows high-precision machining simulations to be produced on a computer.
In April 2023, Mitsubishi Electric India CNC partnered with SolidCAM, a Computer Aided Manufacturing (CAM) software provider. Through the partnership, SolidCAM deliver a range of machining solutions which involves high-speed roughing as well as finishing for several industries, such as Medical, Die & Mold, Auto & Aerospace parts, Machine Element parts, among others.
In July 2022, DMG Mori Co. Ltd., announced the establishment of its new subsidiary “WALC Inc.” to enhance the manufacturing sector’s digital transformation through the development of cutting-edge AI, IoT, and cloud computing technology.

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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