Market Overview

Global Computer Numerical Control (CNC) Machine Market size was estimated at USD 96.4 Billion in 2022 and it is expected to hit around USD 140.6 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.33% from 2023 to 2030.

By 2030, there will likely be a need for more than 2,800,000 pieces of computer numerical control (CNC) devices. Over the next few years, the market is likely to grow because of the growing need for tools to make semiconductors, medical devices, Electric Vehicles (EV), and telecom communication devices. The market is also expected to grow because companies that make electric vehicles (EVs) need more five-axis milling machines and ultra-precision machines to meet their needs.

In 2021, the market for CNC machines got back on its feet, with more sales for machines in all industries, especially in Europe, Asia-Pacific, and North America. Because of the epidemic, sales that had been put off grew the market in 2021. This will keep happening in the near future so that problems from 2020 can be fixed. But until 2023, OEMs won't make as much money from sales because there aren't enough semiconductors around the world, steel prices are going up, and shipping costs are going up.

Over the next few years, the market for Computer Numerical Control (CNC) machines is expected to grow thanks to automated CNC systems that are linked to industrial robots and use simulation software to improve output. One of the main reasons CNC machines are used is because there aren't enough skilled workers in most businesses right now. This helps factories be as busy and efficient as they can be. To meet this demand, current companies in this market, like Fanuc Corporation and OKAMA America Corporation, put a lot of focus on adding new technology to their existing product lines.

The industry is likely to have trouble with rising prices of raw materials and a coming lack of semiconductors that CNC machines use. Under these circumstances, the market for used CNC machines is expected to grow, which will slow the growth of the market for new CNC machines. The trend is likely to stay the same during the time that was predicted. Due to changes in the cost of raw materials, the average price of a CNC machine is likely to go up over time.

Market Dynamics

Drivers: Automation and Precision
CNC machines offer a high level of automation because they are controlled by computer programs that tell the computer what to do. This automation makes sure that manufacturing processes are precise and uniform, which leads to better product quality and fewer mistakes. CNC machines can do complicated tasks like milling, cutting, and drilling with high accuracy and repeatability. This makes them important for industries that need precise parts, like automotive, aerospace, and electronics.

Increasing Adoption of CNC in Small and Medium Enterprises (SMEs)
In the past, CNC tools were thought to be expensive and only good for big businesses. But changes in technology and a drop in the cost of tools have made CNC machines easier for SMEs to use. Also, CNC software and programming interfaces that are easy to use have made it easier to operate and program CNC machines. This has helped small companies improve their production capabilities, become more efficient, and compete on the global market.

Improvements in Technology
Changes in technology are what keep the CNC machine market going. With servo motors and drives and other advanced control systems, the axes of the machine can be moved in a precise and lively way. Better machine interfaces, like touchscreens and easy-to-use software, make it easier for operators to connect with CNC machines and program complex operations. Better programming tools, like CAD/CAM integration and simulation tools, help makers improve their production processes and cut down on setup time. This makes more people want to buy CNC machines.

Increasing Industrial Automation
Businesses in many different fields are using industrial automation more and more to boost productivity, cut costs, and improve total efficiency. CNC machines are an important part of industrial automation because they take over repetitive jobs and make less use of manual labor. By adding CNC machines to automated production lines, manufacturers can increase throughput, cut down on mistakes, and make the most of their production plans. CNC machines are being used more and more in industries like automotive, aircraft, and electronics because of the growing trend of industrial automation.

Opportunity: Industry 4.0 and Smart Manufacturing
The idea of Industry 4.0 and the use of smart manufacturing are changing the way things are made. CNC tools are a key part of this change because they can connect to the Internet of Things, data analytics, and automation systems. This integration makes it possible to watch the performance of machines in real time, do predictive maintenance to cut down on downtime, and optimize processes for better productivity and efficiency. Manufacturers can take advantage of these chances by making CNC tools that work with the principles of Industry 4.0 and fit easily into smart factory setups.

Additive Manufacturing and Hybrid Machining
3D printing, or additive manufacturing, is becoming more popular in many businesses because it can make complex shapes and customized parts. When CNC tools and additive manufacturing technologies are used together, the result is a hybrid machining process. This lets makers use the best parts of both additive and subtractive manufacturing methods. This improves the quality of the parts, cuts down on material waste, and speeds up production. When CNC machines and additive manufacturing technologies work together, they can help industries like aircraft, healthcare, and auto.

Integration of Artificial Intelligence (AI) and Machine Learning (ML)
When AI and ML technologies are used together in CNC machines, they can be optimized and automated in new ways. AI algorithms can look at sensor data and past performance to make smart choices, improve the efficiency of machining, and optimize tool paths. ML techniques let CNC machines learn from their past machining events and change how they work based on what's happening in real time. This integration improves efficiency, cuts down on mistakes, and makes things more accurate. To meet the rising demand for smart and flexible machining systems, manufacturers can make CNC machines that can use AI and ML.

Key market challenges:
One of the biggest problems in the market is that there aren't enough skilled people to run these computer systems. People need to go through training programs as soon as possible to learn how to use CNC tools. Not many people in small companies know how to use CNC equipment. Most people in the workforce don't know how CNC tools work and can't use them. This is a big problem in the market. CNC tools can be hard to sell if people don't know how to use them.

Major Segments Covered

Type Insights

Lathe Machines
Lathe machines are flexible CNC machines that are used to make circular parts by turning a workpiece while cutting tools remove material. Some of the things they can do are turning, facing, cutting, and threading. Lathes are used a lot in many industries to make parts like shafts, pulleys, and bushings. These industries include automotive, aerospace, and general production.

Milling machines
CNC milling machines use rotary cutters to remove material from a workpiece, allowing for accurate milling and shaping. They can do things like mill on the face, mill on the end, and cut holes at different angles. CNC milling machines are used a lot in the automotive, aerospace, and electronics industries to make complicated parts like engine parts, molds, and electronic circuit boards with high accuracy.

Laser Machines
CNC laser machines use lasers to cut, engrave, and mark things quickly and with great accuracy. They can work with metal, plastic, and wood, among other things. CNC laser machines are used in industries like signage, electronics, and auto to do things like cut metal sheets for body panels, engrave designs on promotional items, and mark serial numbers on goods.

Grinding Machines
CNC grinding machines are made for precise grinding jobs that need a high-quality finish and precise measurements. They use wheels with rough edges to remove material and make the surface smooth. Surfaces, contours, and cylindrical forms can be ground with CNC grinding machines in industries like automotive, aerospace, and tool making. They are used to make parts like gears, shafts, and molds that are very accurate.

Welding machines
CNC welding machines make the welding process automatic, so the welds are always correct and the same. They use controls that can be programmed to exactly control things like heat, speed, and where the electrodes are placed. CNC welding machines are used to join metal parts together in fields like automotive, construction, and metal fabrication. They make welding faster, cut down on mistakes, and improve the quality of the weld.

Winding Machines
CNC winding machines are used to put coils or wires on goods like transformers, motors, and solenoids in a precise and automated way. They can work with different wire diameters and winding patterns, making sure that winding processes are consistent and done well. CNC winding machines are often used in the electrical and electronics industries, where they help make parts that go into a wide range of products.

Others
In the "Others" section, you'll find other types of CNC machines with special uses or functions. CNC drilling machines are used to make holes in different kinds of materials that are very exact. CNC routing tools are used to cut and shape materials like wood, plastic, and foam with great accuracy. High-pressure water jets from CNC waterjet tools can cut through different materials, such as metals and composites. Ionized gas is used by CNC plasma cutting tools to cut through materials that conduct electricity.

Application Insights

Prototyping
CNC machines are an important part of the prototyping process because they let manufacturers make physical models of goods before they are made in large quantities. CNC machines can make prototypes quickly and accurately, which helps companies test and confirm their ideas. By making prototypes with CNC machines, companies can quickly iterate and change their goods, saving time and money during the development phase.

Production
CNC machines are used in many businesses for high-volume production. These tools are very precise, can do the same thing over and over, and can be automated. This makes them perfect for mass-producing parts and components. CNC machines can do repetitive jobs quickly and accurately, making sure the standard is always the same and reducing the need for manual labor. This app is especially useful in the automotive, aerospace, electronics, and industrial machinery businesses.

Customization
CNC machines let goods and parts be changed to fit the needs of each customer. Manufacturers can make personalized goods with CNC machines by changing the design parameters, sizes, and features. This level of customization is especially useful in industries like cars, household goods, and furniture where customers want unique and custom-made products. CNC machines make it easy to make things that are exactly what you want because they automate the production process while keeping quality and accuracy.

Maintenance and Repair
CNC tools are also used to fix things and do maintenance. They are used to fix broken or worn-out parts by turning them back to their original specs. CNC machines can make exact copies of complicated geometries and achieve tight tolerances. This makes sure that parts that have been fixed work correctly. This application is very important in industries that use tools and equipment a lot, like manufacturing, aerospace, and automotive, because it makes it easier to fix up parts and extends their life.

End-User Insights

Automotive
CNC machines are an important part of the automotive business because they make it possible to make high-quality, precise parts. They are used to make engine parts like cylinder heads, pistons, and crankshafts, which makes sure that the engine works well and efficiently. CNC machines are also used to make transmission parts like gears and shafts, which make sure that changing gears is smooth and reliable. CNC tools are used to make parts of the chassis that are strong and safe, like suspension parts and steering parts. CNC technology is used to make dashboard parts, door panels, and trim pieces, among other things, so that they fit and look just right.

Aerospace & Defense
CNC machines are very important in the aerospace and defense industries, which need parts that are complicated and made with high accuracy. They are used to make parts for planes, like frames for the body, parts for the wings, and parts for the landing gear, that meet strict quality and safety standards. CNC technology is used to make the turbine blades for airplane engines so that they have precise aerodynamic shapes and help the engines run more efficiently. CNC tools are used to make parts of the engine, like combustion chambers and parts of the fuel system, to make sure they work well and are reliable. CNC tools are also very important in the defense industry. They make parts for military planes, missiles, and defense systems that have to meet strict standards.

Construction Equipment
CNC machines are used in the business of construction equipment to make parts that last and are of high quality. Hydraulic cylinders, which are very important for big machines, are made with CNC precision to make sure they work well even in harsh circumstances. CNC machines are used to make the gears and gearboxes that make building equipment like excavators and cranes work smoothly and transfer torque. Frames and supports, which are structural parts, are made with precision to make sure they are strong and can hold a lot of weight. CNC technology makes it possible to cut, shape, and drill with great accuracy, which makes construction tools more durable and reliable as a whole.

Power & Energy
Components for power generation tools are made on CNC machines, which are used by the power and energy industry. For turbine parts like blades, vanes, and covers to work as well as possible, they need to be designed with a lot of care and detail. CNC tools make it possible to make these complicated parts. CNC-machined parts are also used in generators and transformers to make sure they work well and are reliable. CNC tools are used to make complex parts, like rotor shafts and stator cores, with a high level of accuracy and consistency. CNC machines help make sure that power and energy systems work well and reliably by getting precise tolerances and surface finishes.

Industrial
CNC tools are used a lot in many industrial fields, like making machines, working with metal, and making things in general. They are used to make gears, bearings, shafts, and other important parts for tools and machinery. CNC machines make it possible to make parts that are accurate and the same, so they can be used interchangeably and together in industrial uses. CNC technology is used to make valves, pumps, and actuators that meet the fluid control and automation needs of particular industries.CNC machines are also used in general manufacturing, where they make parts and pieces for many different businesses.

Others
In the "Others" section, you can find businesses that use CNC machines but don't fit into the groups above. CNC machines are used in the electronics business to make circuit boards, connectors, and other precise electronic parts. CNC technology is used in healthcare to make medical implants, surgical tools, and prosthetics that are accurate and fit each person's needs. CNC machining can be used to make things like tools, furniture, and personal accessories.

Regional Insights

Geographically The Computer Numerical Control (CNC) Machine Market has been broken down into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. (MEA).


In 2021, more than 35% of the world market was in the Asia-Pacific region, and this is projected to stay the same throughout the forecast period. Sales of CNC machines are projected to reach 800,000 units in 2022 and 4 million units in 2030. The desire for manufacturing outsourcing is being driven by cheap raw materials and low operational costs. This will lead to more sales of CNC machines over the next few years.

Europe is projected to have a CAGR of 9% over the next few years. The rise is being driven by countries in Central and Eastern Europe, Italy, and France. In the coming years, the market is likely to grow because there aren't enough workers. This will force metalworking companies to spend more in automation to make their CNC machines work faster.

scope Of Report

Key Vendors

• Yamazaki Mazak Corporation (Japan)
• Doosan Machine Tools Co., Ltd. (Korea)
• Trumpf (Germany)
• Amada Machine Tools Co., Ltd (Japan)
• JTEKT Corporation (Japan)
• MAG IAS GmbH (Germany)
• Schuler AG (Germany)
• Makino (Japan)
• Hyundai WIA (Korea)
• Komatsu Ltd. (Japan)
• Okuma Corporation (Japan)
• FANUC Corporation (Japan)
• XYZ Machine Tools (U.K.)
• Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan)
• General Technology Group Dalian Machine Tool Corporation (Liaoning Province)
• ANCA Group (Australia)

1. Amada Machine Tools Co., Ltd (Japan)
The AMADA Group is one of the world's biggest makers of machines and tools for working with sheet metal. It is also one of the top companies in this field around the world. We have a wide range of machine tools for cutting, punching, bending, and laser technology, as well as automated modular ideas, full services, software applications, and many tools.AMADA technologies stand for innovative product solutions that make a lot of money and get a lot done.

2. JTEKT Corporation (Japan)
Koyo Seiko Co., Ltd. and Toyoda Machine Works, Ltd., which became JTEKT Corporation when they merged in January 2006. Today, they are one of the best suppliers of car parts in the world. They have a wide range of steering systems, cutting-edge driveline parts, world-class bearings, machine tools, and mechatronics. They are committed to pushing the limits of innovation, and they are always looking for new ways to find solutions that go above and beyond what their customers around the world expect.

3. MAG IAS GmbH (Germany)
MAG IAS, LLC is a part of the Fair Friend Group (FFG), which is a machine tool conglomerate. FFG is one of the largest machine tool companies in the world, and it has the most complete line of vertical and horizontal machining centers, vertical and horizontal turning centers, multi-spindle and rotary transfer technology, gear manufacturing, grinders, and factory automation solutions. FFG is a world company with 50 state-of-the-art factories in 10 different countries. In the United States, FFG has machine tool plants in Michigan, Illinois, California, and Maine.

Their skilled team members have always been the key to their success and the reason why their company has a good name. They want people who value working as a team and want a job that will be both hard and fulfilling.

4. Makino (Japan)
Makino's dedication to its customers starts with being the world leader in metal-cutting and manufacturing technology. Its horizontal machining centers, vertical machining centers, wire and Ram EDM, and graphite machining centers are the best in their industries.

Makino is also an application, software, and engineering services business because it wants to help customers make things that matter. A business that offers services and loans. A business that provides turnkey engineering and integration services. A business that makes automation systems and one that sells machine tools. A company for teaching and process technology.

All of this means that Makino is the only company that will work with you to machine parts more correctly, making you more productive and lowering the cost per part. We are the only partner you need to build and grow your machining business. We thrive by giving all of our customers the best service we can.

5. Hyundai WIA (Korea)
Hyundai WIA is an important part of the Hyundai Motor Group. It has a strong foothold in all of the world's biggest markets, including the Americas, Asia, and Europe. As a global maker of machine tools, they are hitting new heights. They have a full line of cutting-edge turning centers, machining centers, and machines that can do more than one thing. The dedication of Hyundai WIA to making technology better for the future is still going on right now.

Hyundai Wia Machine has been Korea's number-one builder since 2000. It continues to build its reputation as a world leader by making products that go above and beyond what customers expect. By 2020, it wants to be one of the top five machine tool builders.

Recent Developments

• In March 2021, Fanuc America Corporation, a division of Fanuc Corporation, updated its CNC product line by adding the Quick and Simple Startup of Robotization (QSSR) G-code feature to ss. With this link, the company's improved CNC machines make it easier for toolmakers and machine workers to program robots.

• In 2020, FANUC America, a well-known maker of robots, CNCs, and ROBOMACHINES, will offer an upgrade choice for old CNC machines with older operating systems. The Panel I Replacement Program can be used to fix FANUC CNCs. It has a powerful industrial PC with a touch-screen or non-touch LCD screen and Windows 10 IoT Enterprise.

Market Segmentation

This part of the study on the Computer Numerical Control (CNC) Machine Market gives detailed information on the segments at the country and regional level. This helps the strategist figure out the target demographics for the relevant product or service and the upcoming chances.

By Type

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

By Application

• Prototyping
• Production
• Customization
• Maintenance and Repair

By End-User

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

Global Computer Numerical Control (CNC) Machines Market Regional Insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

In conclusion, the market for Computer Numerical Control (CNC) machines is likely to grow a lot in the next few years due to a number of important factors. Industrial automation is a big chance for the CNC machine market because there is a growing need for industrial processes that are accurate, efficient, and automated.

Additive manufacturing is a big chance for the CNC machine market because it is driving the need for CNC machines. As 3D printing technology keeps getting better and more businesses start using it, the demand for CNC machines is also likely to rise.

Other things that are driving the rise of the CNC machine market are the need for high-precision machining in the aerospace and defense industries and the need for complex medical equipment in the medical equipment manufacturing industry. The growing trend toward smart factories is also likely to give the CNC machine market new possibilities.

Overall, there is a lot of competition in the CNC machine market, which is dominated by a few global players. But companies that can come up with new solutions that meet the specific needs and requirements of different businesses are likely to do well in this growing market.