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Report Overview

The global computer numerical control machines market was estimated at a value of about USD 84.80 Billion in 2023. The market is further expected to reach a value of over USD 158.54 Billion by 2032, growing at a CAGR of 7.20% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Computer Numerical Control Machines Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 84.80
Market Size 2032 USD Billion 157.95
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 7.2%
CAGR 2024-2032 - Market by Region Asia Pacific 7.7%
CAGR 2024-2032 - Market by Country India 7.8%
CAGR 2024-2032 - Market by Country UK 7.5%
CAGR 2024-2032 - Market by Machine Type Laser Machines 8.5%
CAGR 2024-2032 - Market by End Use Aerospace and Defence 8.0%
Market Share by Country 2023 UK 3.3%

Computer Numerical Control Machines Market

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Based on machine type, lathe machines hold a significant share in the market and are expected to dominate the industry in the forecast period, followed by milling and laser machines due to their performance efficacies with various materials and surfaces. The aerospace and defence sector, meanwhile, accounts for the largest end-use sector in the market. However, the automotive industry is expected to register a high growth rate on account of escalated demand for automated vehicles. Lucrative opportunities in electronics and construction industries have caused an accelerated demand for computer numerical control machines to minimise the risk of human intervention.

According to regional distribution, the Asia Pacific accounts for the largest share of about 35% in the market owing to the robust growth in industrialisation and rapid urbanisation. The region is projected to witness a high growth rate in the forecast period because of the automotive industry's augmented growth. The growth can also be attributed to the shifting interest of manufacturers to set up their bases in the Asia Pacific as a result of easy and cheap availability of labour and raw materials. The North American and European markets for computer numerical control machines are more or less saturated owing to the saturation in the demand and early adoption of the technology.

Computer Numerical Control Machines Market by Segments

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Properties and Applications 

Computer numerical control system is an automated control system used to process, transform, or control machines or tools by employing an already embedded software system in a microcomputer affixed to the control system. Numerical control guides the functions to be performed on the mechanising instruments. 

Based on machine type, the industry can be divided into:

  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

The industry can be broadly categorised based on its end-use segments into:

  • Aerospace and Defence
  • Automobiles
  • Electronics
  • Healthcare
  • Others

The EMR report for the market covers the regional segments like:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
CAGR 2024-2032 - Market by Country
India 7.8%
UK 7.5%
China 7.4%
USA 7.3%
Saudi Arabia 7.0%
Canada XX%
Germany 6.9%
France XX%
Italy XX%
Japan XX%
Brazil XX%
Mexico XX%
Australia 6.7%

Computer Numerical Control Machines Market by Region

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Market Analysis 

The global computer numerical control machines market is driven by the rising need for hassle-free automation and time and cost-saving opportunities by the consumers. The rising concerns for cutting operational costs, mitigating human error, and the growing demand for time and precision effectiveness are driving the need for automation and, hence, propelling the growth of the industry. Favourable government initiatives have enabled manufacturers to invest in the growing market. The growing technological advancements are also propelling the growth of the industry.

Although the market is expected to flourish in the coming period, the costs involved, right from the purchase to installation to service maintenance, are high. This is likely to hinder the growth of the industry in the coming years.

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global computer numerical control machines market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • HEIDENHAIN Corporation
  • Soft Servo Systems, Inc.
  • Bosch Rexroth AG
  • Mitsubishi Electric Corporation
  • FANUC Corporation
  • Siemens
  • Haas Automation, Inc
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. 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.

Key Highlights of the Report

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:

  • Machine Type
  • End Use
  • Region
Breakup by Machine Type
  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others
Breakup by End Use
  • Aerospace and Defence
  • Automobiles
  • Electronics
  • Healthcare
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • HEIDENHAIN Corporation
  • Soft Servo Systems, Inc.
  • Bosch Rexroth AG
  • Mitsubishi Electric Corporation
  • FANUC Corporation
  • Siemens
  • Haas Automation, Inc
  • Others
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*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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Key Questions Answered in the Report

The market attained a value of nearly USD 84.80 Billion in 2023.

In the forecast period of 2024-2032, the market is expected to grow at a CAGR of 7.20%.

By 2032, the market is expected to attain a value of USD 158.54 Billion.

The major market drivers include the rising manufacturing activities, the growing requirement for hassle-free automation, the increasing demand for computer numerical control machines in emerging nations, and rising demand for reducing operational costs and mitigating human errors.

The key trends guiding the growth of the market include the introduction of favourable government regulations and technological advancements.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Lathe machines, milling machines, laser machines, grinding machines, welding machines, and winding machines, among others, are the major machine types considered in the market report.

The significant end uses of computer numerical control machines are aerospace and defence, automobiles, electronics, and healthcare, among others.

The major players in the market are HEIDENHAIN Corporation, Soft Servo Systems, Inc., Bosch Rexroth AG, Mitsubishi Electric Corporation, FANUC Corporation, Siemens, and Haas Automation, Inc, among others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124