Computer Numerical Control Market Demand, Outlook, Report 2023-2028

According to the latest report by IMARC Group, titled “Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the cnc machine market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global computer numerical control (CNC) market size reached US$ 81.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 115.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

Computer numerical control (CNC) is a process widely used by computers to control machine-based processes. It automates machines that usually operate through programmed commands encrypted on a storage medium. It involves a large group of machines using logical computer programs to perform metalworking while controlling the overall movements. Additionally, its functioning involves generating a computer-aided design (CAD) and translating it into G-code, which is further loaded in the machine control unit (MCU) that enables an operator to run a series of tests to ensure the accurate positioning and performance of machines. Some of the manufacturing processes performed by CNC machines include grinding, cutting, gluing, hole punching, shaping, bending, welding, and drilling, that is extensively used in the manufacturing of metal and plastic parts.

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Global Computer Numerical Control Market Trends:

The escalating demand for computer numerical control (CNC) from the industrial sector majorly drives the global market. This can be attributed to the increasing product utilization in the field of manufacturing, precision engineering, telecommunications, and automotive industries. Along with this, the growing demand for large-scale automation in industries due to the rising need to minimize the overall operational costs, manufacturing time, and chances of human error is also significantly supporting its market. In addition, several key players are integrating CNC systems with industrial robots to enhance efficiency and increase production output, which is acting as another growth-inducing factor. Moreover, numerous CNC manufacturers are launching new machines that perform multiple operations simultaneously, and improving the flexibility of attendants is creating a positive market outlook. Some of the other factors driving the market include several governments supporting the establishment of manufacturing units and rapid industrialization.

Competitive Landscape with Key Players:

Mondragon Corporation
GSK CNC Equipment Co., Ltd.
Soft Servo Systems, Inc.
Johannes Heidenhain GmbH
Bosch Rexroth AG
Siemens AG
Sandvik AB
Haas Automation, Inc.
Mitsubishi Electric Corporation
FANUC Corporation.

Breakup by Machine Type:

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

Breakup by End Use Industry:

Aerospace and Defense
Automobile
Electronics
Healthcare
Others

Breakup by Region

North America
Asia Pacific
Europe
The Middle East and Africa
Latin America.

Key Highlights of the Report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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