CNC (Computer Numerical Control) machine tools are a crucial part of modern manufacturing and machining processes. These machines use computerized controls and programming to execute a variety of machining tasks with high precision and efficiency. CNC machine tools have replaced many traditional manual machining methods, offering advantages such as increased accuracy, repeatability and automation.
The CNC machine tools market consists of sales of CNC machine tools by entities (organizations, sole traders and partnerships) involved in the production and distribution of CNC machine tools. CNC machine tools are automated devices controlled by computer programs, allowing for precise and efficient machining processes in various industries. These tools are utilized for tasks such as cutting, milling, drilling and for shaping materials like metals, plastics and composites.
The global CNC machine tools market was valued at $23,135.8 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Growth Of the Aerospace Industry
During this historic period, the growth of the aerospace industry propelled the CNC machine tools market. The growth of the aerospace industry drove demand for CNC machine tools to produce high-precision parts, such as turbine blades, engine components and structural elements, with tight tolerances, making them indispensable in aerospace manufacturing. According to Airbus SE, a Netherlands-based aerospace corporation, in 2022, there were 1,078 gross orders for commercial aircraft, up from 771 in 2021 and 820 net orders (after cancellations), up from 507 in 2021. The consolidated order book was valued at $449 billion at the end of 2022, increasing from $438 billion in 2021. Therefore, the growth of the aerospace industry drove the CNC machine tools market.
Launch Of New Simulation Technology To Optimize Machine Performance
The launch of new simulation technology to optimize machines is a key trend gaining popularity in the CNC machine tools market. Simulation technology provides advanced and user-friendly solutions for simulating and optimizing CNC machines. For example, in August 2023, CGTech, a US-based provider of numerical control (NC/CNC) simulation, verification, optimization and analysis software technology for manufacturing, announced the release of VERICUT Version 9.4, a significant update to its market-leading CNC machine simulation software. VERICUT 9.4 introduces a new module, CNC Machine Monitoring, which connects VERICUT directly to CNC machines and streams data to allow users to monitor their machines on the shop floor in real time.
The global CNC machine tools market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 15.87% of the total market in 2022.
CNC Machine Tools Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global CNC machine tools market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Where is the largest and fastest-growing market for CNC machine tools? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The CNC machine tools market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider CNC machine tools market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by material and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the CNC machine tools market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type, by material and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for CNC machine tools providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product Type: Milling Machines; Drilling Machines; Grinding Machines; Other Product Types
- 2) By Material: Aluminium; Stainless Steel; Titanium; Other Materials
- 3) By Application: Automotive; General Machinery; Precision Engineering; Transport Machinery; Other Applications
- Companies Mentioned: Fanuc Corporation; DMG Mori Co., Ltd; Makino Inc; Okuma Corporation; JTEKT Corporation
- Countries: Australia;China; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; CNC machine tools indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.