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Computer Numerical Control (CNC) machines are the fully-automated and sophisticated solution for metal working tools controlled by computers. These machines are the asset of machine tools industry owing to the profit gained by its application in the end-user industry verticals such as automobile and manufacturing. The abilities of CNC machine provide increased productivity and enhanced precision and accuracy. Software languages such as computer-aided design (CAD), computer-aided manufacturing (CAM), and vector mainly control the operations of CNC machines. The presence of these software programs enables the CNC machine to be operated in mass production industries with highly precise and accurate ratings.
Increased productivity, time effectiveness, and precision & accuracy provided across metal working industries such as automobile and manufacturing industries drive the CNC market. However, high cost of CNC machines and need of highly skilled professionals to deal with the software interface could hinder the growth of the market.
The CNC market is segmented by machine tool type, industry vertical, and geography. The various machine tool types are segmented into lathe, Mills, routers, Grinders, and others (plasma cutters, drill press, electric discharge machining, welding, and winding machines), whereas the range of industry verticals are categorized into aerospace & defense, automobile, consumer electronics, healthcare, industrial machinery, and others (metal & mining and transportation). Geographically, the market is divided into North America, Europe, Asia-Pacific, and LAMEA.
The market comprises key manufacturers such as Fagor Automation, GSK CNC EQUIPMENT Co. Ltd, Soft Servo Systems, Heidenhain GmbH, Sieb & Meyer AG, Bosch Rexroth AG, Haas Automation, Siemens AG, Mitsubishi Electric Corp., Fanuc Corporation, and Sandvik AB.
KEY MARKET SEGMENTS
The CNC market is segmented based on machine tool type, industry vertical, and geography.
BY MACHINE TOOL TYPE
BY INDUSTRY VERTICAL
KEY MARKET PLAYERS PROFILED IN THE REPORT