The Europe CNC machine market was valued at USD 26.67 billion in 2023. The market is expected to grow at a CAGR of 7.1% between 2024 to 2032.
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The Europe CNC machine market is driven by the rising demand for mass production in the aerospace and defence industry, along with growing demand from the industrial verticals. The industry is supported by the technological advancements in automation, which has aided the manufacturers by reducing the machine time.
CNC (Computer numerical control) is a technique of automating the control of machine instruments by using software integrated with a microcomputer connected to the instrument. Mills, lathes, routers, grinders, and lasers are the popular machine tools that can be automated through CNC activities. The Europe CNC machine market can be divided based on segments like types and applications.
The industry can be divided based on types as:
The industry can be broadly categorised based on its applications into:
Looks into the regional CNC machine market in Europe like:
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The industry has experienced a significant development due to the increased demand from the automotive producers for computer numerical control (CNC) devices. Automation is increasingly preferred as it helps to decrease general operating costs. This, in turn, is anticipated over the forecast period to drive the product demand. The increasing demand for aerospace and defence mass production, as well as from other industrial verticals, is promoting the implementation of CNC machines. The industry is also expected to be driven by the technological advancements in automation that have reduced machining time for manufacturers. The growing energy sector is expected to drive the market, especially in France. The need for precision and accuracy in the production of components such as turbines and rotor shafts is expected to be significant industry driver. The advancements in wireless technology have made it possible for IoT-compatible computer numerical control devices to provide users with comfort, further aiding the growth of the industry.
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The report presents a detailed analysis of the following key players in the Europe CNC machine market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Europe CNC machine market reached a value of USD 26.67 billion in 2023.
The market is projected to grow at a CAGR of nearly 7.1% in the forecast period of 2024-2032.
The major drivers of the market include the rising demand for CNC machines in automobile, aerospace, and defence equipment production and advancements in automation technology.
The rising demand for precision and accuracy in the production of components like turbines and rotor shafts is expected to be a key trend guiding the growth of the market.
The United Kingdom, Germany, Italy, and France, among others, are the major countries in the Europe market for CNC machine.
The leading types of the product in the market are lathe, miller, laser, welding, and winding machines, among others.
The major application segments of the product are automotive, aerospace and defence, construction equipment, power and energy, and industrial, among others.
The leading players in the market are Bosch Rexroth AG, Amada Machine Tools Co., Ltd., FANUC Europe Corporation, Mondragon Corporation, and Hurco Europe Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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