Global Computer Numerical Control Machine Tools Market Report and Forecast 2024-2032

Global Computer Numerical Control Machine Tools Market Size

The global computer numerical control machine tools market value is likely to expand at a CAGR of 9.8% during 2024-2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Computer Numerical Control Machine Tools Market Growth

Computer numerical control (CNC machining) refers to a computer-assisted, high-precision production process. Pre-programmed CAD software is employed to automate controlled machining and remove the need for an operator. The computer numerical control (CNC) machine tools market trends and dynamics are enhanced by the fact that CNC machines can operate autonomously during machining cycles and production processes, allowing operators to focus on other tasks elsewhere. This significantly decreases human error in the controlled machining process and enables high-precision production of the various parts.

Computer numerical control machining also offers precise and consistent workpieces. Such advantages are expected to boost the growth of the computer numerical control machine tools industry.

Global Computer Numerical Control Machine Tools Market Analysis

All CNC machines function according to a 3-axis motion control procedure. The X, Y, and Z axes are placed with great precision along their length of travel. While most axes are placed linearly, some move around a circular component. Besides the various axes within which the computer numerical control machining production process operates, a variety of computer numerical control machine tools enable a range of cuts and incisions to be executed. CNC machine tools are essential for all CNC machining operations, which in turn drives the growth of the computer numerical control machine tools machine tools market.

Global Computer Numerical Control Machine Tools Industry Outlook

The computer numerical control machine tools industry revenue is bolstered by the integration of CNC machines into automated assembly lines, where they perform repetitive tasks with high precision. This integration enhances efficiency and consistency throughout the production process. Additionally, the use of CNC machines is rising as vehicle sales are rising, as demonstrated by the Italian Trade Agency's report that China's passenger vehicle sales began at 2.04 million units in January 2021 and reached a peak of 2.42 million units by December. In 2022, the sales figures started at 2.19 million units in January, increased to 2.33 million units in September, and ended the year at 2.27 million units in December. For 2023, sales kicked off at 1.47 million units in January, climbed to 1.65 million units in February, and reached 2.02 million units in March.

Germany's military spending in 2023 totalled $66.8 billion, reflecting a significant 9.0% rise from the previous year and a 48% increase since 2014. This spending accounted for 1.5% of Germany's GDP, up from 1.1% in 2014.

Further, the United States represented 38% of global military spending in 2021. China was the second-largest spender at 14%. India and the United Kingdom followed with 3.6% and 3.2%, respectively. Russia's share was 3.1% of the total global military expenditure. France and Germany each made up 2.7%. Saudi Arabia and Japan both accounted for 2.6%. South Korea's spending was 2.4%, while Italy and Australia each contributed 1.5%, and Canada accounted for 1.3%. Iran and Israel each accounted for 1.2% of the global total, while the 'Others' category made up 19%. This contributes to the growth in the computer numerical control machine tools market revenue. CNC machines are crucial for producing military components and equipment with high precision and tight tolerances, including firearms, aircraft parts, and ammunition.

CNC machine tools offer high precision and efficiency, enhancing manufacturing quality and reducing production time, thus, further driving the computer numerical control machine tools demand growth.

• The ability to run autonomously improves productivity and allows operators to multitask, leading to cost savings.

• Suitable for various applications across multiple industries, including automotive, aerospace, and electronics.

Significant investment required for CNC machines can be a barrier for smaller companies.

• Regular maintenance and technical expertise are needed to ensure optimal performance.

• Advanced technology can be complex to operate and may require specialized training.

Innovations such as IoT integration and AI can further enhance CNC capabilities boosting the growth of the computer numerical control machine tools market.

• Growing industrialization in developing countries presents new expansion opportunities.

• Increasing demand for customized parts and products can drive further adoption of CNC machine tools.

Economic downturns can lead to reduced industrial spending and slow market growth.

• Intense competition and rapid technological advancements may pressure prices and profit margins.

• Dependence on global supply chains for components can impact production and availability.

Key Players in the Global Computer Numerical Control Machine Tools Market and Their Key Initiatives

Okuma Corporation

• Launched the Dream Site 2 (DS2) Smart Factory.

• Partnered to develop a highly efficient production model. 

Amera- Seiki Corporation

• Introduced new CNC machine models to meet the growing demand of the computer numerical control machine tools market.

• Launched the “Top Turn” Series CNC Turning Centres. 

Yamazaki Mazak Corporation

• Launched Mazak Pulse, an app app providing machine status.

• Introduced multi-language, responsive websites. 

Komatsu NTC Ltd.

• Introduced a new high-speed, multi-axis CNC machine.

• Partnered with tech firms to integrate AI and IoT to capture the computer numerical control machine tools market opportunities. 

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Computer Numerical Control Machine Tools Industry Segmentation

“Global Computer Numerical Control Machine Tools Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Lathe Machines

• Milling Machines

• Laser Machines

• Grinding Machines

• Welding Machines

• Winding Machines

• Others

Market Breakup by End Use

• Automotive

• Industrial

• Power and Energy

• Aerospace and Defence

• Construction Equipment

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Computer Numerical Control Machine Tools Market Share

CNC machine tools enhance precision and efficiency in manufacturing essential components like turbines and generators, thereby improving performance. They support the production of custom and complex parts for specialized equipment, reducing waste and cutting costs through automation, which drives growth in the computer numerical control machine tools market.

The computer numerical control machine tools market demand is rising as they provide high precision for critical aerospace and defence components, enable advanced designs, and ensure adherence to stringent industry standards and regulations.

Leading Companies in the Computer Numerical Control Machine Tools Market

The companies specialise in high-performance CNC machine tools, renowned for their advanced technology and precision engineering. They provide diverse solutions across industries, including aerospace and automotive.

• 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

Key Highlights of the Report

Computer Numerical Control Machine Tools Market Report Snapshots

Computer Numerical Control Machine Tools Market Size

Computer Numerical Control Machine Tools Market Growth

Computer Numerical Control Machine Tools Market Analysis

Computer Numerical Control Machine Tools Market Share

Computer Numerical Control Machine Tools Companies