The Computer Numerical Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Computer Numerical Control Global Market Report for 2024, the computer numerical control (CNC) market has exhibited robust growth in recent years, surging from $16.27 billion in 2024 to an anticipated $17.27 billion by the same year, boasting a noteworthy compound annual growth rate (CAGR) of 6.1%. This remarkable expansion in the historical period can be ascribed to pivotal factors such as the paradigm shift towards manufacturing automation, precision manufacturing advancements, intricate component production, accelerated production timelines, augmented customization demands, and consequential cost savings in mass production processes.
Forecasts for the CNC market envisage a compelling trajectory, with an anticipated escalation to $22.55 billion by 2028, propelled by a commendable CAGR of 6.9%. This trajectory in the forecast period is underpinned by significant drivers, including seamless integration with diverse industries, the ascendancy of additive manufacturing, heightened adoption within small and medium enterprises (SMEs), an industry-wide focus on sustainability, bolstered software capabilities, and a discernible demand surge in healthcare and biotechnology sectors. Integral trends during this projection encompass the imperative emphasis on energy-efficient solutions, the trend towards miniaturization and micro-machining, the pervasive integration of the Internet of Things (IoT), bespoke customization tailored for small-batch production scenarios, and a discernible pivot towards open-source CNC systems.
Within the purview of evolving trends in the forecast period, discernible themes include a pervasive shift towards energy-efficient solutions, a marked emphasis on miniaturization and micro-machining techniques, the assimilation of Internet of Things (IoT) into CNC operations, bespoke customization solutions tailored for small-batch production, and a conspicuous industry-wide shift towards open-source CNC systems.
As market dynamics continue to evolve, prominent entities within the CNC domain are strategically engineering novel machines endowed with unprecedented precision, featuring up to one nanometre axis resolution. This strategic maneuvering serves as a linchpin for gaining a competitive edge within the market landscape. Axis resolution, indicative of the smallest incremental movement or measurement along an axis, is a critical facet in mechanical or electronic systems
The increasing demand for electric vehicles is expected to propel the demand for the computer numerical control market going forward. An electric vehicle (EV) is a vehicle that runs on an electric motor using electricity rather than an internal-combustion engine and generates power by burning a mixture of gasoline and gases. Computer numerical control technology is required for the automated and bulk manufacture of electric vehicles minimizing costs for producers. For instance, in May 2022, according to the Global Electric Vehicle Outlook report by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric cars increased by two times in 2021 to 6.6 million. In addition, the sales grew in 2022 with 2 million electric cars sold globally in the first quarter. Thus, the increasing demand for electric vehicles will drive the computer numerical control market.
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The computer numerical control market covered in this report is segmented –
1) By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Other Types
2) By Product Type: Software, Solutions
3) By End Use Industry: Aerospace And Defense, Automobile, Electronics, Healthcare, Other End Use Industries
Top 5 Major Players:
Prominent entities in the CNC market are fervently innovating, developing cutting-edge machines boasting up to one nanometer axis resolution, strategically positioning themselves for a competitive edge. Axis resolution, denoting the minutest detectable or attainable incremental movement along an axis, is a key metric in mechanical or electronic systems. A case in point is ANCA CNC Machines, a distinguished Australia-based machinery manufacturer, which unveiled the MX7 ULTRA in December 2022. This premium CNC machine is meticulously crafted for precision manufacturing of cutting tools, featuring nanometer axis resolution that ensures line form accuracy of less than +/- 0.002mm for diverse profiles, including ballnose and corner radius endmills. Leveraging state-of-the-art software, hardware, and design elements, the MX7 ULTRA achieves substantial enhancements in surface finish, accuracy, and controlled runout, guaranteeing batch consistency from the inaugural ground tool to the thousandth. Noteworthy features include in-process measuring, balancing, runout compensation, and Motor Temperature Control (MTC) for thermal expansion compensation, collectively reaffirming ANCA CNC Machines’ commitment to pioneering advancements in CNC technology.
The computer numerical control market report table of contents includes:
1. Executive Summary
2. Computer Numerical Control Market Characteristics
3. Computer Numerical Control Market Trends And Strategies
4. Computer Numerical Control Market – Macro Economic Scenario
5. Global Computer Numerical Control Market Size and Growth
……
31. Global Computer Numerical Control Market Competitive Benchmarking
32. Global Computer Numerical Control Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Computer Numerical Control Market
34. Computer Numerical Control Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Computer Numerical Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Computer Numerical Control Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Computer Numerical Control Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Airbus SAS Financial Performance
Table 75: Safran SA Financial Performance
Table 76: Honeywell International Inc. Financial Performance
Table 77: Teledyne Technologies Inc. Financial Performance
Table 78: The Boeing Company Financial Performance
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