Computer Numerical Control Machine Tools Market Size, Share, Forecast 2023-2028

The ‘Global Computer Numerical Control Machine Tools Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global computer numerical control machine tools market, assessing the market on the basis of its segments like types, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 9.8%

The increasing application of computer numerical control machine tools across various industrial process, to spearhead production and operation, is driving the demand for the product. These tools are more efficient than human labour and can be used interruptions for extended periods of time. Also, they provide high precision, accuracy, and speed.

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The ability of computer numerical control machine tools to create complex designs while saving the cost of labour, makes it applicable across industries such as automotive, power and energy, and aerospace and defence, among others. Hence, the increasing expansion of these industries is augmenting the computer numerical control machine tools market.

In the automotive industry, computer numerical control machine tools are used to manufacture various complex automotive parts with high precision. In this regard, the growing sale of electric vehicles is propelling the supply and production of computer numerical control machine tools.

In geographical terms, North America accounts for a great share in the computer numerical control machine tools market, while the regions of the Asia Pacific and Europe are likely to witness a steady growth in the forecast period.

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Computer Numerical Control Machine Tools Industry Definition and Major Segments

Computer numerical control is a technique which is aimed at automating machine tools through software. Main components of a computer numerical control include a machine control unit (MCU) and a processing equipment known as a machine tool. Computer numerical control also brings redundance to the need of human operators which is accelerating the computer numerical control machine tools market growth.

On the basis of type, the market can be segmented into:

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

By end use, the market has been classified into:

Automotive
Industrial
Power and Energy
Aerospace and Defence
Construction Equipment
Others

On the basis of region, the market can be categorised into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Computer Numerical Control Machine Tools Market Trends

The key trends in the computer numerical control machine tools market include the technological advancements in the major end use industries including automotive and aerospace and defence.

The increasing deployment of computer numerical control machine tools in the defence industry owing to their versatility and compatibility with defence components, is further escalating the market demand from defence manufacturing units. For instance, computer numerical control machine tools are crucial for manufacturing cruise missiles which are high in demand.

Computer numerical control machine tools are likely to witness heavy integration with construction components owing to the rapid urbanisation and infrastructure development across the emerging economies, marking another crucial trend in the market.

Furthermore, digital innovations and digital upgradations in medical equipment are anticipated to expand the scope of penetration of computer numerical control machine tools in the healthcare industry.

Key Market Players

The major players in the computer numerical control machine tools market report are :

Okuma Corporation
Amera- Seiki Corporation
Yamazaki Mazak Corporation
Komatsu NTC Ltd.
DATRON CNC Milling Machines
The Lincoln Electric Company
ANCA Pty Ltd
XYZ Machine Tools Limited
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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