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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.
Base Year
Historical Year
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% |
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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.
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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:
The industry can be broadly categorised based on its end-use segments into:
The EMR report for the market covers the regional segments like:
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% |
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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.
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:
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.
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 Machine Type |
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Breakup by End Use |
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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. |
*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 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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Vietnam
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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 06 17 27
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 287899028, +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
+84865399124
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