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Global Computer Numerical Control Machines Market Forecast: By Machine Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Others; By End Use: Aerospace and Defence, Automobiles, Electronics, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Computer Numerical Control Machines Market Outlook
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 157.95 billion by 2032, growing at a CAGR of 7.2% between 2024 and 2032.
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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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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
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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:
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| Breakup by Machine Type |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Computer Numerical Control Machines Market Analysis
8.1 Key Industry Highlights
8.2 Global Computer Numerical Control Historical Market (2018-2023)
8.3 Global Computer Numerical Control Machines Market Forecast (2024-2032)
8.4 Global Computer Numerical Control Machines Market by Machine Type
8.4.1 Lathe Machines
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Milling Machines
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laser Machines
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Grinding Machines
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Welding Machines
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Winding Machines
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Computer Numerical Control Machines Market by End Use
8.5.1 Aerospace and Defence
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automobiles
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electronics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Healthcare
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Computer Numerical Control Machines Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Computer Numerical Control Machines Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Computer Numerical Control Machines Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Computer Numerical Control Machines Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Computer Numerical Control Machines Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Computer Numerical Control Machines Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.3.1 HEIDENHAIN Corporation
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Certifications
16.3.2 Soft Servo Systems, Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Certifications
16.3.3 Bosch Rexroth AG
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Certifications
16.3.4 Mitsubishi Electric Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Certifications
16.3.5 FANUC Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Certifications
16.3.6 Siemens
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Demographic Reach and Achievements
16.3.6.4 Certifications
16.3.7 Haas Automation, Inc
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Demographic Reach and Achievements
16.3.7.4 Certifications
16.3.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Computer Numerical Control Machines Market: Key Industry Highlights, 2018 and 2032
2. Global Computer Numerical Control Historical Market: Breakup by Machine Type (USD Billion), 2018-2023
3. Global Computer Numerical Control Machines Market Forecast: Breakup by Machine Type (USD Billion), 2024-2032
4. Global Computer Numerical Control Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Computer Numerical Control Machines Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Computer Numerical Control Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Computer Numerical Control Machines Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Computer Numerical Control Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Computer Numerical Control Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Computer Numerical Control Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Computer Numerical Control Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Computer Numerical Control Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Computer Numerical Control Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Computer Numerical Control Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Computer Numerical Control Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Computer Numerical Control Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Computer Numerical Control Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Computer Numerical Control Machines Market Structure
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 7.2%.
By 2032, the market is expected to attain a value of USD 157.95 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.
Analyst Review
The global computer numerical control Machines market attained a value of USD 84.80 billion in 2023, driven by the rising need for automation. Aided by rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.2%. The market is projected to reach USD 157.95 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on machine types, the industry can be segmented into lathe, milling, laser, grinding, welding, and winding machines, among others, with lathe machines accounting for the largest market share. On the basis of end use, the aerospace and defence sector accounts for the largest share in the market. The major regional markets for computer numerical control are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include HEIDENHAIN Corporation, Soft Servo Systems, Inc., Bosch Rexroth AG, Mitsubishi Electric Corporation, FANUC Corporation, Siemens, and Haas Automation, Inc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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