The latest report by IMARC Group, titled “Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global computer numerical control (CNC) market size reached US$ 75.7 Billion in 2021. Computer numerical control (CNC) is the process of automating machine tools through software embedded in them. It generates a computer-aided design that connects various components of machines such as controllers, sensors, and programmable logic controller (PLC) drives to a secure network. It provides precision, enhanced accuracy, better contour machining to produce 3D designs, and more speed and flexibility than manual machines. It also helps automate processes, thus eliminating or reducing the need for manual labor. Owing to these properties, CNC is widely used to perform various manufacturing processes such as shaping, grinding, bending, cutting, welding, gluing, drilling, and hole punching.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Computer Numerical Control (CNC) Market Trends:
The market is primarily driven by the escalating demand for large-scale automation across various industries to reduce overall operational costs and eliminate the risk of human errors. In addition, the advent of advanced applications that notify the status of the CNC machine to their operators and supervisors on computers and smartphones represents another major growth-inducing factor. Besides this, key players are integrating 3D printing techniques with CNC machines to help manufacture complex curved geometries, reduce resource wastage, and enhance multi-material capability. This, coupled with the implementation of favorable government initiatives to support the establishment of manufacturing units, is positively influencing the market growth. Moreover, the rising utilization of CNC machines in the automotive industry to manufacture high-quality and complex vehicle parts is also creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 109.4 Billion by 2027, exhibiting a CAGR of 6.1% during the forecast period (2022-2027).
- Based on the machine type, the market has been segregated into lathe, milling, laser, grinding, welding, winding and other machines.
- On the basis of the end use industry, the market has been classified into aerospace and defense, automobile, electronics, healthcare and others.
- Region-wise, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the market has also been analyzed in the report, with some of the key players being Mondragon Corporation, GSK CNC Equipment Co., Ltd., Soft Servo Systems, Inc., Dr. Johannes Heidenhain GmbH, Bosch Rexroth AG, Siemens AG, Sandvik AB, Haas Automation, Inc., Mitsubishi Electric Corporation and FANUC Corporation.
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