The global CNC Machine Tools market was valued at US$ 19920 million in 2020 and it is expected to reach US$ 32800 million by the end of 2027, growing at a CAGR of 6.4% during 2021-2027.
The CNC Machine Tools market covers CNC Lathe, CNC Milling Machine, CNC Grinding machine, Others, etc. The typical players include Yamazaki Mazak, DMG Mori Seiki, Okuma Corporation, Makino, DMTG, TRUMPF, JTEKT Corporation, Haas Automation, etc.
CNC is the short form for Computer Numerical control. We have seen that the NC machine works as per the program of instructions fed into the controller unit of the machine. The CNC machine comprises of the mini computer or the microcomputer that acts as the controller unit of the machine. While in the NC machine the program is fed into the punch cards, in CNC machines the program of instructions is fed directly into the computer via a small board similar to the traditional keyboard.
The major players in global CNC machine tools market include Yamazaki Mazak, DMG Mori Seiki, Okuma Corporation, DMTG, TRUMPF, etc. The top 5 players occupy about 30% shares of the global market. APAC and Europe are main markets, they occupy about 70% of the global market. CNC Lathe is the main type, with a share about 65%. Automobile is the main application, which holds a share over 35%.
Global CNC Machine Tools Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global CNC Machine Tools Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Yamazaki Mazak, Dmg Mori Seiki, Trumpf, Okuma Corporation, Jtekt Corporation, Makino, Grob-Werke, Doosan Machine Tools, Haas Automation, Gf Machining Solutions, Emag, Hyundai Wia, Chiron Group, Hermle, Fair Friend Group, Starrag Group, Index-Werke, Mhi Machine Tool, Hardinge Group, Hurco, Haitian Precision, Tornos, Qinchuan, Rifa Precision and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-cnc-machine-tools-market-outlook
Segment by Type
- CNC Lathe
- CNC Milling Machine
- CNC Grinding Machine
Segment by Application
- Machinery Manufacturing
- Aerospace & Defense
Table of Content:
1 CNC Machine Tools Market Overview
2 CNC Machine Tools Market Competition by Manufacturers
3 CNC Machine Tools Retrospective Market Scenario by Region
4 Global CNC Machine Tools Historic Market Analysis by Type
5 Global CNC Machine Tools Historic Market Analysis by Application
6 Key Companies Profiled
7 CNC Machine Tools Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 CNC Machine Tools Market Dynamics
10 Global CNC Machine Tools Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta