As per the GMI Research analysis the CNC Machines Market is estimated to grow at a CAGR of 3.8% from 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

CNC machines have the ability to reduce production time and human errors, thereby, streamlining the operational processes, driving the CNC market growth. Rising adoption of computer numerical control (CNC) machines across various applications including medical devices and Electric Vehicles (EV), semiconductor production equipment, and telecom communication devices is the major factor fueling the market growth. Moreover, the incorporation of 3D printing with CNC machines is expected to expand the multi-material ability and minimize resource wastage, which will augment the CNC market size.
Emerging need for automated manufacturing in the industrial and automobiles sector and favourable government initiatives have fueled the demand for CNC machines. Also, as per the CNC Market Research, growing concerns pertaining global warming and depleting energy reserves have encouraged the production of alternative sources of energy, such as solar and water, which is another factor contributing to the market growth. However, high cost of CNC machines and growing need for highly skilled professionals to deal with software interface will restrain the CNC market share.

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Axis Type – Segment Analysis

Based on the Axis Type, the 5-Axis segment is expected to grow at a higher CAGR during the forecast period. 5-axis CNC machines are specially designed for the manufacturing of complex machine components in critical industries such as aerospace and automotive. 5-axis CNC machines are a little costly; however, they offer unique advantages like reduced machine setup time, enhanced efficiency, and better surface finishing. These factors are expected to drive the 5-axis segment during the forecast period.

End-User – Segment Analysis

Based on the End-User, the Automotive segment is expected to grow at a higher CAGR during the forecast period. The rise in product demand from automobile plants for the mass production of components in minimal time and costs is expected to drive the growth of this segment. Furthermore, the key players in the market are providing CNC machines to be used for high-volume production in the automotive sector. For instance, Hurco Companies, Inc. provides VT series, a high-speed drill and tap machine for high-volume production of electronics components and automotive parts.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. This can be attributed due to the presence of major manufacturers like OKUMA CORPORATION, YAMAZAKI MAZAK CORPORATION, and DMG MORI in the region. Moreover, supportive government initiatives and the organization of trade shows in the region to spread awareness about the upcoming disruptive technologies in manufacturing will drive the market. For example, in 2020, International Conference on Robotics and Smart Manufacturing (ICROSMA 2020) was organized to offer a platform for researchers, students, and academicians to share recent ideas and developments in the field of smart manufacturing and robotics. These initiatives are anticipated to drive CNC Machine market share in the Asia Pacific.

Top Market Players

Various notable players operating in the market include AMADA CO., LTD., Amera-Seiki Corporation, FANUC CORPORATION, MPM Pvt LTD., DMG MORI., General Technology Group Dalian Machine Tool Corporation, Haas Automation, Inc, OKUMA CORPORATION, Vogel Communications Group, YAMAZAKI MAZAK CORPORATION, among others. 

Key Developments:

• • In 2021, Autonomous manufacturing powerhouse, CloudNC worked continuously to improve the productive capacity of their CNC facility with advanced machines from their production equipment partner, DMG Mori. The incorporation of new machines helped in increasing competency for the effective and economic production of CNC parts. Additional automation is integrated to ensure the facility continues to work towards autonomy.
  • In 2020, Okuma America Corporation decided to expand the strong line of CNC metal cutting machines with the debut of a new bridge-style machining center – the MB-80V. This latest product offers machining flexibility due to its exclusively integrated vertical and double-column machining capabilities.
  • In 2019, OKUMA CORPORATION signed an investment agreement with the Wujin National High-Tech Industry Development Zone Management Committee to set up Okuma Machine Tool Co. Ltd. as a machine tool production subsidiary in Wujin National High-Tech Industrial Development Zone, Changzhou.

Segments covered in the Report:

The global CNC Machines market has been segmented on the basis of Offering, Machine Type, Axis Type, Sales Channel, End-User and regions. Based on Offering, the market is segmented into Hardware and Software & Services. Based on Machine Type, the market is segmented into CNC Machining Center and CNC Turning Center. Based on Axis Type, the market is segmented into 2-Axis, 3-Axis, 4-Axis, 5-Axis and Multi-axis. Based on Sales Channel the market is segmented into Direct and Indirect. Based on End-User, the market is segmented into Aerospace, Automotive, Metals & Mining, Semiconductor & Electronics, Medical Devices and Other. 

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Key questions answered in this research report:

• • At what pace is global CNC Machines market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in CNC Machines market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global CNC Machines market?
  • Which Offering generated maximum revenues in 2021 and identify the most promising Offering during the forecast period?
  • What are the various Machine Type areas of global CNC Machines market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 185 Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Machine Type, By Axis Type, By Sales Channel, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AMADA CO., LTD., Amera-Seiki Corporation, FANUC CORPORATION, MPM Pvt LTD., DMG MORI., General Technology Group Dalian Machine Tool Corporation, Haas Automation, Inc, OKUMA CORPORATION, Vogel Communications Group, YAMAZAKI MAZAK CORPORATION, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global CNC Machines Market by Offering

• • Hardware
  • Software & Services

Global CNC Machines Market by Machine Type

• • CNC Machining Center
  • CNC Turning Center

Global CNC Machines Market by Axis Type

• • 2-Axis
  • 3-Axis
  • 4-Axis
  • 5-Axis
  • Multi-axis

Global CNC Machines Market by Sales Channel

• • Direct
  • Indirect

Global CNC Machines Market by End-User

• • Aerospace
  • Automotive
  • Metals & Mining
  • Semiconductor & Electronics
  • Medical Devices
  • Other

Global CNC Machines Market by Region

• • North America CNC Machines Market (Option 1: As a part of the free 25% customization)
    • By Offering
    • By Machine Type
    • By Axis Type
    • By Sales Channel
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe CNC Machines Market (Option 2: As a part of the free 25% customization)
    • By Offering
    • By Machine Type
    • By Axis Type
    • By Sales Channel
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific CNC Machines Market (Option 3: As a part of the free 25% customization)
    • By Offering
    • By Machine Type
    • By Axis Type
    • By Sales Channel
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW CNC Machines Market (Option 4: As a part of the free 25% customization)
    • By Offering
    • By Machine Type
    • By Axis Type
    • By Sales Channel
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the CNC Machines (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AMADA CO., LTD.
  • Amera-Seiki Corporation
  • FANUC CORPORATION
  • MPM Pvt LTD.
  • DMG MORI.
  • General Technology Group Dalian Machine Tool Corporation
  • Haas Automation, Inc
  • OKUMA CORPORATION
  • Vogel Communications Group
  • YAMAZAKI MAZAK CORPORATION