Global Computer Numerical Control (CNC) Machine Market By Type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, and Winding Machines), By Application (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, and Others), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Report Overview

The Global computer numerical control machine Market size is expected to be worth around USD 171.64 Billion by 2032 from USD 67.39 Billion in 2023, growing at a CAGR of 9.80% during the forecast period from 2023 to 2032.

By 2032, the demand for Computer Numerical Control (CNC) machines is expected to exceed 2,800,000. A primary driver of market share growth over the forecast period is the increasing demand for semiconductor production equipment, medical devices, Electric Vehicles (EVs), and telecommunication communication devices. The increasing demand for five-axis and ultra-precision mill machines that are required to produce EVs is a significant element contributing to the augmentation of this industry.

Global Computer Numerical Control Machines Market

Type Analysis

On the basis of ‘Type’, the CNC lathe machines segment accounted for USD 15,810 million in 2021, and this segment is expected to experience a CAGR of more than 10% over the forecast period. Market growth is expected to be driven by the surging demand for CNC-lathe machines which are used to produce customized parts, such as starter motors, cylinder heads, and gearboxes in the automotive sector. This market will benefit from technological improvements in existing CNC-lathe systems that include new features for various applications. Citizen Machinery Co. Ltd. launched CincomL32XII, a sliding headstock-type automatic CNC lathe machine, in February 2021. This machine features an automated tool changer. These features enable complex shapes to be machined such as implant machining for medical treatment.

Over 650 thousand CNC laser machines are expected to be in demand by 2032. This is a 9.0% CAGR over the forecast period. This segment is expected to grow due to the surging demand for CNC cutting machines by semiconductor manufacturers to meet ongoing shortages in the industry. This market is expected to grow due to the increasing popularity of CNC fiber-cutting machines in the sheet metal and kitchenware industries.

End Use Analysis

The end-use aspect of this automotive industry can further be divided into power & energy and industrial. The ‘Industrial’ segment accounted for a market share that was more than one-quarter of this market’s total in 2021. It is projected that this segment will achieve a valuation of more than USD 29,800 million by 2032. The Industrial sector segment includes all general manufacturing sectors, including packaging, electronics, and medical. Over the forecast period, growth is expected to be driven by increasing demand for fully automated and turnkey machines CNC to speed up production to meet backlogs.

The forecast period will also register a boom in EV sales, as well as an increase in the demand for high-precision parts. This market will continue to grow due to increased demand for custom-made components such as crankshafts or cylinder heads and motor pumps. This is why CNC machines are expected to be needed in the automotive sector industry.

Key Market Segmentation

Type

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

End-use

• Automotive
• Construction Equipment
• Aerospace & Defense
• Industrial
• Power & Energy
• Others

Market Dynamics

In 2021, the CNC machine market was well-recovered due to increased orders across all industries, especially from North America, Europe, and the Asia Pacific. Due to the increased demand and backlog orders that resulted from the pandemic, this market experienced positive growth in 2021. This current market trend is expected to continue for the short term in order to address backlogs beginning in 2020. However, the global shortage in semiconductors and surging steel prices, and logistics costs are expected to reduce sales revenues for OEMs.

Over the forecast period, the Computer Numerical Control (CNC), machines market will index a rise in the automation of CNC systems and industrial robots with simulation software. The primary reason for automating CNC machines is to overcome the challenges of low-skilled labor in many industries. This allows manufacturing industries to increase efficiency and maximize production output. In order to meet this demand, the incumbents in this sector, like OKAMA America Corporation and Fanuc Corporation, focus on integrating new technologies with existing product lines.

Fanuc America Corporation, which is a subsidiary of Fanuc Corporation in the USA, increased its CNC product line by integrating Quick and Simple Startup of Robotization (QSSR) G-code with ss. The company offers enhanced CNC machines, allowing machine operators and programmers to program robots more efficiently. Made4CNC ApS, a Danish CNC manufacturer, introduced the Safedoor SD100, an automatic door opener for CNC machine machines, in August 2021. The product can be integrated with collaborative robots, and it offers more convenience for machine maintenance.

Market challenges include the rise in raw material prices and a growing shortage of semiconductors for CNC machines. This market’s environment will cause an increase in the demand for used CNC machines, which will limit the market growth potential for new CNC machines. This current market trend will continue over the forecast period. The long-term trend is for the CNC machines industry to register an increase in unit prices due to fluctuations in raw material prices.

Regional Analysis

The Asia Pacific represented 37.5% of the overall market share for 2021. This region is expected to maintain its position at the top over the forecast period. By 2032, CNC machine sales are expected to double to 800,000 units. The increase in manufacturing outsourcing for industrial equipment is responsible for market demand. There are plenty of low-cost raw materials and low operating costs, which will drive the demand to manufacture outsourcing. This is slated to result in an increase in CNC machine sales over the forecast period.

Europe will experience a 9% annualized growth rate over the forecast period. Germany, France, and Central and Eastern European countries are the main drivers of this growth. This market will grow in the coming years due to a shortage of skilled labor. Metalworking companies are expected to invest more in automation to increase the efficiency of CNC machines.

Key Regions and Countries Covered іn This Rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The CNC machine market is considered competitive. A few well-established manufacturers presently dominate this market. There are also several small-scale regional producers. Okama, DMG Mori Co. Ltd., and Fanuc Corporation are all investing heavily in R&D endeavors in order to introduce high-precision, innovative machine tools. They also plan to enter new application segments to retain existing customers and attract new ones.

The short-term challenges faced by OEMs include fluctuating raw materials prices and supply chain disruptions, among other key factors. These fluctuations result in higher operational costs for manufacturers, who then price their products at subsequently higher prices than quoted by their competition, which can lead to a competitive disadvantage.

Market Major Players

These are the top players in the global computer numerical controls machines market:

• Haas Automation Inc.
• Fanuc Corporation
• Okuma Corporation
• Amada Co. Ltd.
• Datron AG
• DMG Mori
• Amera Seiki
• Hurco Companies Inc.
• Other Key Players

For the Computer Numerical Control (CNC) Machine Market research study, the following years have been considered to estimate the market size: