Computer Numerical Control Machines Market Size Worth $100.86 Billion By 2025 | CAGR: 7.0%

The global Computer Numerical Control Machines Market size is expected to reach USD 100.86 billion by 2025, registering a CAGR of 7.0% from 2019 to 2025, according to a new study by Grand View Research, Inc. The increasing need for reducing the operating costs, manpower, and errors in the components has led to the growth of automation and CNC machines.

Technological advancements are driving the use of CNC machines for developing the most intricate models/components with a definitive finish. This has subsequently led to a rise in the implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. The integration of CNC machines with Computer Aided Manufacturing (CAM) is instrumental in reducing the time required for manufacturing of workpieces and enabling hassle-free production of components.

The commercial demand for advanced compact size CNC machines with automatic tool changers and multi axis machining technology, is on rise. Numerous large manufacturing units and plants are increasingly adopting CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations, among others.

Various milling tools are being introduced in the market, for instance, the Poly Crystalline Diamond (PCD) tools and solid carbide tools. These tools offer increased efficiency and versatility while performing operations at the shop floor. The new tools also offer durability, resistance towards high temperatures, and enable better machining with reduction in vibrations, wear, and noise.

To Request A Sample Copy: https://www.grandviewresearch.com/industry-analysis/computer-numerical-controls-cnc-market/request/rs1

Further key findings from the study suggest:

• Milling machines is anticipated to emerge as the fastest growing type segment, expanding at the highest CAGR of 9.7% over the next six years, owing to features such as multi-functionality and reduced time requirements of these machines
• Automotive segment is expected to expand at the highest CAGR of 9.7% over the next six years, attributed to growing demand to produce components with fine finish in less time
• Asia Pacific is expected to continue its dominance over the forecast period, attributed to the increasing number of manufacturing units in the region
• Key participants in the CNC machines market are Amada Co.; Ltd.; Amera Seiki; Fanuc Corporation; Datron AG; DMG Mori; Dalian Machine Tool Group (DMTG) Corporation; Haas Automation, Inc.; Okuma Corporation; Shenyang Machine Tool Co., Ltd. (SMTCL); Hurco Companies, Inc.; and Yamazaki Mazak Corporation, among others
• Grand View Research has segmented the global CNC machines market based on type, end use, and region:

CNC Machines Type Outlook (Revenue, USD Billion, 2014 - 2025)

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

CNC Machines End Use Outlook (Revenue, USD Billion, 2014 - 2025)

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

About Grand View Research:

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

Contact:

Grand View Research, Inc.

201 Spear Street 1100,

San Francisco, CA 94105

United States

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com