Computer Numerical Control (CNC) Machine Market by Type and End User- Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 105 Category: Next Generation Technology Report Code : IC03639
Industry Outlook and Trend Analysis
The Computer Numerical Control (CNC) Machine Market was worth USD 11.65 billion in 2017 and is expected to reach approximately USD 19.14 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.67% during the forecast period. Expanding progressions in production technology have prompted a reduction in time that is needed for manufacturing components alongside enhanced capacity to deliver components with better surface finish. This is expected to drive the interest for CNC machines over the globe. Advancement of Internet of Things (IoT) and machine learning technology has prompted improvement of applications that signify the status of a machine to supervisors/operators on their PCs or cell phones. Producers are introducing new variations that play out various activities, for example, turning, grinding, drilling, cutting, and facing. These highlights are expanding flexibility for attendants and diminishing the requirement for labour at shop floor. The new machine models are reduced and need lesser floor space when contrasted with regular machinery. Nonetheless, lessening the expenses related with support of these machines is a key challenge for producers.
Type Outlook and Trend Analysis
CNC machine machines held the biggest share in 2017, inferable from expanding accessibility of multi-axis machine variations. Late variations, for example, 5-hub and 6-hub machines can perform tasks from the two closures and can be used for delivering fine cuts and giving a superior finish. Advantages, for example, simplicity of activity and their myriad applications are heightening their adoption over the globe. The portion was esteemed at USD 15.39 billion in 2017. The processing machines fragment is assessed to become quickly finished the figure time frame inferable from diminished operational expenses.
End User Outlook and Trend Analysis
Expanding request from the industrial, automotive, and power and energy sectors is anticipated to drive the Computer Numerical Control market. Surging requirement from automobile manufacturers for large scale manufacturing of work pieces at insignificant time and costs is foreseen to quicken the interest for the product over the figure period. Different complex apparatus used as a part of the power and energy and aerospace and defence areas incorporate segments that require more elevated amounts of exactness and great nature of surface finish.
Regional Outlook and Trend Analysis
The Asia Pacific locale ruled the Computer Numerical Control market in 2017, inferable from expanded adoption of CNC machines in nations, for example, China, India and Japan. The local market was esteemed at USD 19.20 billion in the same year. The development in APAC Computer Numerical Control market can likewise be ascribed to expanding government activities for supporting the development of the machine devices industry.
Competitive insights
The leading players in the market are Soft Servo Systems Inc, Fagor Automation S. Coop, Sandvik, Bosch Rexroth, Mitsubishi Electric, GSK CNC Equipment, Siemens and Heidenhain. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Computer Numerical Control (CNC) Machine is segmented as follows-
By Type:
- Milling Machines
- Grinding Machines
- Winding Machines
- Lathe Machines
- Laser Machines
- Welding Machines
- Others
By End User:
- Aerospace & Defense
- Power & Energy
- Automotive
- Construction Equipment
- Industrial
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Computer Numerical Control (CNC) Machine Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Milling Machines
· Grinding Machines
· Winding Machines
· Lathe Machines
· Laser Machines
· Welding Machines
· Others
· Computer Numerical Control (CNC) Machine Market, By End User , Estimates and Forecast, 2014-2023 ($Million)
· Aerospace & Defense
· Power & Energy
· Automotive
· Construction Equipment
· Industrial
· Computer Numerical Control (CNC) Machine Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Computer Numerical Control (CNC) Machine Market, By Country
§ North America Computer Numerical Control (CNC) Machine Market, By Type
§ North America Computer Numerical Control (CNC) Machine Market, By End User
o U.S. Computer Numerical Control (CNC) Machine Market, By Type
o U.S. Computer Numerical Control (CNC) Machine Market, By End User
o Canada Computer Numerical Control (CNC) Machine Market, By Type
o Canada Computer Numerical Control (CNC) Machine Market, By End User
o Mexico Computer Numerical Control (CNC) Machine Market, By Type
o Mexico Computer Numerical Control (CNC) Machine Market, By End User
· Europe
§ Europe Computer Numerical Control (CNC) Machine Market, By Country
§ Europe Computer Numerical Control (CNC) Machine Market, By Type
§ Europe Computer Numerical Control (CNC) Machine Market, By End User
o Germany Computer Numerical Control (CNC) Machine Market, By Type
o Germany Computer Numerical Control (CNC) Machine Market, By End User
o France Computer Numerical Control (CNC) Machine Market, By Type
o France Computer Numerical Control (CNC) Machine Market, By End User
o UK Computer Numerical Control (CNC) Machine Market, By Type
o UK Computer Numerical Control (CNC) Machine Market, By End User
o Italy Computer Numerical Control (CNC) Machine Market, By Type
o Italy Computer Numerical Control (CNC) Machine Market, By End User
o Spain Computer Numerical Control (CNC) Machine Market, By Type
o Spain Computer Numerical Control (CNC) Machine Market, By End User
o Rest of Europe Computer Numerical Control (CNC) Machine Market, By Type
o Rest of Europe Computer Numerical Control (CNC) Machine Market, By End User
· Asia-Pacific
§ Asia-Pacific Computer Numerical Control (CNC) Machine Market, By Country
§ Asia-Pacific Computer Numerical Control (CNC) Machine Market, By Type
§ Asia-Pacific Computer Numerical Control (CNC) Machine Market, By End User
o Japan Computer Numerical Control (CNC) Machine Market, By Type
o Japan Computer Numerical Control (CNC) Machine Market, By End User
o Australia Computer Numerical Control (CNC) Machine Market, By Type
o Australia Computer Numerical Control (CNC) Machine Market, By End User
o India Computer Numerical Control (CNC) Machine Market, By Type
o India Computer Numerical Control (CNC) Machine Market, By End User
o South Korea Computer Numerical Control (CNC) Machine Market, By Type
o South Korea Computer Numerical Control (CNC) Machine Market, By End User
o Rest of Asia-Pacific Computer Numerical Control (CNC) Machine Market, By Type
o Rest of Asia-Pacific Computer Numerical Control (CNC) Machine Market, By End User
· Rest of the World
§ Rest of the World Computer Numerical Control (CNC) Machine Market, By Country
§ Rest of the World Computer Numerical Control (CNC) Machine Market, By Type
§ Rest of the World Computer Numerical Control (CNC) Machine Market, By End User
o Brazil Computer Numerical Control (CNC) Machine Market, By Type
o Brazil Computer Numerical Control (CNC) Machine Market, By End User
o South Africa Computer Numerical Control (CNC) Machine Market, By Type
o South Africa Computer Numerical Control (CNC) Machine Market, By End User
o Saudi Arabia Computer Numerical Control (CNC) Machine Market, By Type
o Saudi Arabia Computer Numerical Control (CNC) Machine Market, By End User
o Turkey Computer Numerical Control (CNC) Machine Market, By Type
o Turkey Computer Numerical Control (CNC) Machine Market, By End User
o United Arab Emirates Computer Numerical Control (CNC) Machine Market, By Type
o United Arab Emirates Computer Numerical Control (CNC) Machine Market, By End User
o Others Computer Numerical Control (CNC) Machine Market, By Type
o Others Computer Numerical Control (CNC) Machine Market, By End User
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Advancement of Internet of Things (IoT) and machine learning technolog
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Computer Numerical Control (CNC) Machine Market, By Type
4.1. Introduction
4.2. Global Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share by Type (2017-2017)
4.2.1. Global Computer Numerical Control (CNC) Machine Sales and Sales Share by Type (2017-2017)
4.2.2. Global Computer Numerical Control (CNC) Machine Revenue and Revenue Share by Type (2017-2017)
4.3. Computer Numerical Control (CNC) Machine Market Assessment and Forecast, By Type, 2017-2023
4.4. Milling Machines
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.5. Grinding Machines
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.6. Winding Machines
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.7. Lathe Machines
4.7.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.8. Welding Machines
4.8.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.9. Others
4.9.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5. Computer Numerical Control (CNC) Machine Market, By End User
5.1. Introduction
5.2. Global Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share By End User (2017-2017)
5.2.1. Global Computer Numerical Control (CNC) Machine Sales and Sales Share By End User (2017-2017)
5.2.2. Global Computer Numerical Control (CNC) Machine Revenue and Revenue Share By End User (2017-2017)
5.3. The Computer Numerical Control (CNC) Machine Market Assessment and Forecast, By End User , 2017-2023
5.4. Aerospace & Defense
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.5. Power & Energy
5.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.6. Automotive
5.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.7. Construction Equipment
5.7.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.8. Industrial
5.8.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
6. Computer Numerical Control (CNC) Machine Market, By Region
6.1. Introduction
6.2. Computer Numerical Control (CNC) Machine Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. Global Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share by Regions
6.3.1. Global Computer Numerical Control (CNC) Machine Sales by Regions (2017-2017)
6.3.2. Global Computer Numerical Control (CNC) Machine Revenue by Regions (2017-2017)
6.4. North America
6.4.1. North America Computer Numerical Control (CNC) Machine Sales and Growth Rate (2017-2017)
6.4.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.4.3. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.4.4. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.4.5.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.4.6.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.4.7.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5. Europe
6.5.1. Europe Computer Numerical Control (CNC) Machine Sales and Growth Rate (2017-2017)
6.5.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.5.3. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.4. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.5.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.6.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.7.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.8.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.9.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.5.10.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6. Asia-Pacific
6.6.1. Asia-Pacific Computer Numerical Control (CNC) Machine Sales and Growth Rate (2017-2017)
6.6.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.6.3. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.4. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.5.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.6.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.7.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.8.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.9.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.6.10.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7. Rest of the World
6.7.1. Rest of the World Computer Numerical Control (CNC) Machine Sales and Growth Rate (2017-2017)
6.7.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.7.3. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.4. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.5.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.6.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.7.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.8.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.9.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, By Type, 2017-2023($Million)
6.7.10.2. Market Assessment and Forecast, By End User , 2017-2023($Million)
7. Company Profiles
7.1. Soft Servo Systems Inc
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
7.2. Fagor Automation S. Coop
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
7.3. Sandvik, Bosch Rexroth
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
7.4. Mitsubishi Electric
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
7.5. GSK CNC Equipment
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
7.6. Siemens
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
7.7. Heidenhain
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Computer Numerical Control (CNC) Machine Sales, Revenue and Market Share
8. Global Computer Numerical Control (CNC) Machine Market Competition, by Manufacturer
8.1. Global Computer Numerical Control (CNC) Machine Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Computer Numerical Control (CNC) Machine Revenue and Market Share by Manufacturer (2017-2017)
8.3. Top 5 Computer Numerical Control (CNC) Machine Manufacturer Market Share
8.4. Market Competition Trend
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Computer Numerical Control (CNC) Machine Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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