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The global computer numerical control (CNC) market reached a value of US$ 75.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 109.4 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group’s 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global computer numerical control (CNC) market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on machine type and end use industry.
Breakup by Machine Type:
Breakup by End Use Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Machine Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Mondragon Corporation, GSK CNC Equipment, Soft Servo Systems, Heidenhain GmbH, Bosch Rexroth AG, Siemens AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation and FANUC Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global computer numerical control (CNC) market was valued at US$ 75.7 Billion in 2021.
We expect the global computer numerical control (CNC) market to exhibit a CAGR of 6.1% during 2022-
The rising adoption of CNC process for large-scale automation setup as it promotes precision, contour
machining, high speed production, and reduces the overall operational costs, is currently catalyzing the
global computer numerical control (CNC) market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing application of computer
numerical control (CNC) machines to automate the bulk production process for various necessary
healthcare equipment, while limiting the requirement of workers in a unit and maintaining social
Based on the machine type, the global computer numerical control (CNC) market has been segmented
into lathe machines, milling machines, laser machines, grinding machines, welding machines, winding
machines, and others. Currently, lathe machines hold the majority of the total market share.
Based on the end use industry, the global computer numerical control (CNC) market can be categorized
into aerospace and defense, automobile, electronics, healthcare, and others. Among these, the
automobile industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global computer numerical control (CNC) market include 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.
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