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Computer Numerical Control Market by Machine Tool Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5118752
  • Report
  • April 2020
  • Region: Global
  • 290 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Bosch Rexroth AG
  • Fagor Automation
  • FANUC Corporation
  • HAAS Automation Inc.
  • Heidenhain Corporation
  • Hurco Companies Inc.
  • MORE
Computer numerical control (CNC) machine is a fully automated solution for metal working tools controlled by computers. This machine serves as a key asset in the machine tools industry, owing to its advantages offered by it across various end-user industry verticals such as automobile and manufacturing. For instance, CNC provides increased productivity and enhanced precision & accuracy pertaining to machining performance. Software languages such as computer-aided design (CAD), computer-aided manufacturing (CAM), and vector majorly control the operations of CNC machines. These software programs enable the CNC machine to be operated in mass production industries with precision and accuracy.

Increased productivity, time effectiveness, and precision & accuracy provided across metal working industries such as automobile and manufacturing industries drive the growth of the global computer numerical control market. In addition, favorable government initiatives such as “Make in India” and “Made in China 2025” in Asian region is fueling the growth of this market. However, high cost of CNC machines and need of highly skilled professionals to deal with the software interface are expected to hinder the growth of the market.

The global computer numerical control market is segmented into machine tool type, industry vertical, and region. By machine tool type, the market is categorized into lathe, mills, routers, grinders, and others (plasma cutters, drill press, electric discharge machining, welding, and winding machines). On the basis of industry vertical, it is segregated into aerospace & defense, automobile, consumer electronics, healthcare, industrial machinery, and others (metal & mining and transportation). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The companies profiled in the report include Bosch Rexroth AG, Dalian Machine Tool Group Corporation (DMTG), Fagor Automation, FANUC Corporation, HAAS Automation, Inc., Heidenhain Corporation, Hurco Companies, Inc., Mitsubishi Electric Corporation, Okuma Corporation, Sandvik AB, and Soft Servo Systems Inc.

KEY BENEFITS FOR STAKEHOLDERS
  • The study provides an in-depth analysis of the global computer numerical control market along with the current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analyses on the market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global computer numerical control market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS

By Machine Tool Type
  • Lathes
  • Mills
  • Routers
  • Grinders
  • Others
By Industry Vertical
  • Aerospace & Defense
  • Automobile
  • Electronics
  • Healthcare
  • Industry Machinery
  • Others
BY REGION
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY MARKET PLAYERS
  • Bosch Rexroth AG
  • Dalian Machine Tool Group Corporation (DMTG)
  • Fagor Automation
  • FANUC Corporation
  • HAAS Automation, Inc.
  • Heidenhain Corporation
  • Hurco Companies, Inc.
  • Mitsubishi Electric Corporation
  • Okuma Corporation
  • Sandvik AB
  • Soft Servo Systems Inc.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch Rexroth AG
  • Fagor Automation
  • FANUC Corporation
  • HAAS Automation Inc.
  • Heidenhain Corporation
  • Hurco Companies Inc.
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Porter’S Five Forces Analysis
3.3. Key Player Positioning
3.4. Value Chain Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Demand in Mass Production Plants
3.5.1.2. Increase in Need for Precision and Time Effectiveness
3.5.1.3. The Presence of Favorable Government Initiatives, Especially in Asian Region
3.5.2. Restraints
3.5.2.1. High Cost of Cnc Machines
3.5.2.2. Implementation of Stringent Government Regulations
3.5.3. Opportunity
3.5.3.1. Increase in Application Areas

Chapter 4: Computer Numerical Control Market, by Machine Tool Type
4.1. Overview
4.2. Lathes
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Region
4.3. Mills
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Region
4.4. Routers
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Region
4.5. Grinders
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis, by Region
4.6. Others
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Analysis, by Region

Chapter 5: Computer Numerical Control Market, by Industry Vertical
5.1. Overview
5.2. Aerospace & Defense
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Region
5.3. Automobile
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Region
5.4. Electronics
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Region
5.5. Healthcare
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Region
5.6. Industry Machinery
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis, by Region
5.7. Others
5.7.1. Key Market Trends, Growth Factors, and Opportunities
5.7.2. Market Size and Forecast, by Region
5.7.3. Market Analysis, by Region

Chapter 6: Computer Numerical Control Market, by Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Machine Tool Type
6.2.3. Market Size and Forecast, by Industry Vertical
6.2.4. Market Analysis by Country
6.2.4.1. U. S.
6.2.4.1.1. Market Size and Forecast, by Machine Tool Type
6.2.4.1.2. Market Size and Forecast, by Industry Vertical
6.2.4.2. Canada
6.2.4.2.1. Market Size and Forecast, by Machine Tool Type
6.2.4.2.2. Market Size and Forecast, by Industry Vertical
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Machine Tool Type
6.3.3. Market Size and Forecast, by Industry Vertical
6.3.4. Market Analysis by Country
6.3.4.1. UK
6.3.4.1.1. Market Size and Forecast, by Machine Tool Type
6.3.4.1.2. Market Size and Forecast, by Industry Vertical
6.3.4.2. Germany
6.3.4.2.1. Market Size and Forecast, by Machine Tool Type
6.3.4.2.2. Market Size and Forecast, by Industry Vertical
6.3.4.3. France
6.3.4.3.1. Market Size and Forecast, by Machine Tool Type
6.3.4.3.2. Market Size and Forecast, by Industry Vertical
6.3.4.4. Italy
6.3.4.4.1. Market Size and Forecast, by Machine Tool Type
6.3.4.4.2. Market Size and Forecast, by Industry Vertical
6.3.4.5. Russia
6.3.4.5.1. Market Size and Forecast, by Machine Tool Type
6.3.4.5.2. Market Size and Forecast, by Industry Vertical
6.3.4.6. Rest of Europe
6.3.4.6.1. Market Size and Forecast, by Machine Tool Type
6.3.4.6.2. Market Size and Forecast, by Industry Vertical
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Machine Tool Type
6.4.3. Market Size and Forecast, by Industry Vertical
6.4.4. Market Analysis by Country
6.4.4.1. China
6.4.4.1.1. Market Size and Forecast, by Machine Tool Type
6.4.4.1.2. Market Size and Forecast, by Industry Vertical
6.4.4.2. India
6.4.4.2.1. Market Size and Forecast, by Machine Tool Type
6.4.4.2.2. Market Size and Forecast, by Industry Vertical
6.4.4.3. Japan
6.4.4.3.1. Market Size and Forecast, by Machine Tool Type
6.4.4.3.2. Market Size and Forecast, by Industry Vertical
6.4.4.4. South Korea
6.4.4.4.1. Market Size and Forecast, by Machine Tool Type
6.4.4.4.2. Market Size and Forecast, by Industry Vertical
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market Size and Forecast, by Machine Tool Type
6.4.4.5.2. Market Size and Forecast, by Industry Vertical
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Machine Tool Type
6.5.3. Market Size and Forecast, by Industry Vertical
6.5.4. Market Analysis by Country
6.5.4.1. Latin America
6.5.4.1.1. Market Size and Forecast, by Machine Tool Type
6.5.4.1.2. Market Size and Forecast, by Industry Vertical
6.5.4.2. Middle East
6.5.4.2.1. Market Size and Forecast, by Machine Tool Type
6.5.4.2.2. Market Size and Forecast, by Industry Vertical
6.5.4.3. Africa
6.5.4.3.1. Market Size and Forecast, by Machine Tool Type
6.5.4.3.2. Market Size and Forecast, by Industry Vertical

Chapter 7: Competitive Landscape
7.1. Competitive Dashboard
7.2. Top Winning Strategies
7.3. Key Developments
7.3.1. New Product Launches
7.3.2. Partnership
7.3.3. Acquisition
7.3.4. Product Development
7.3.5. Business Expansion

Chapter 8: Company Profile
8.1. Bosch Rexroth AG
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. R&D Expenditure
8.1.7. Business Performance
8.1.8. Key Strategic Moves and Developments
8.2. Dalian Machine Tool Corporation
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Product Portfolio
8.3. Fagor Automation
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Product Portfolio
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. Fanuc Corporation
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. R&D Expenditure
8.4.7. Business Performance
8.4.8. Key Strategic Moves and Developments
8.5. Gsk Cnc Equipment Co. Ltd
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.5.4. Key Strategic Moves and Developments
8.6. Haas Automation, Inc.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.6.4. Key Strategic Moves and Developments
8.7. Heidenhain GmbH
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.7.5. Key Strategic Moves and Developments
8.8. Hurco Companies, Inc.
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.8.5. R&D Expenditure
8.8.6. Business Performance
8.8.7. Key Strategic Moves and Developments
8.9. Mitsubishi Electric Corp.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. R&D Expenditure
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. Okuma Corporation
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Product Portfolio
8.10.5. R&D Expenditure
8.10.6. Business Performance
8.10.7. Key Strategic Moves and Developments
8.11. Sandvik Ab
8.11.1. Company Overview
8.11.2. Key Executives
8.11.3. Company Snapshot
8.11.4. Operating Business Segments
8.11.5. Product Portfolio
8.11.6. R&D Expenditure
8.11.7. Business Performance
8.11.8. Key Strategic Moves and Developments
8.12. Soft Servo Systems
8.12.1. Company Overview
8.12.2. Company Snapshot
8.12.3. Product Portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch Rexroth AG
  • Fagor Automation
  • FANUC Corporation
  • HAAS Automation Inc.
  • Heidenhain Corporation
  • Hurco Companies Inc.
  • MORE
According to the report titled, 'Computer Numerical Control Market by Machine Tool Type, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2019-2026', the global computer numerical control market sizewas valued at $14.5 billion in 2018, and is projected to reach $22.90 billion by 2026, growing at a CAGR of 5.9% from 2019 to 2026.

Computer numerical control (CNC) machine is a fully automated solution for metal working tools controlled by computers. This machine serves as a key asset in the machine tools industry, owing to its advantages offered by it across various end-user industry verticals such as automobile and manufacturing. Rise in adoption of automated manufacturing, especially in industrial and automobiles sector is a key factor expected to boost the growth of the global computer numerical control (CNC) market. Furthermore, rapid development of manufacturing facilities in Asia-Pacific region fuels the demand for CNC machines, which significantly contributes toward the growth of the global computer numerical control market.

Increase in demand in mass production plants for various applications including electronic parts manufacturing, machining plastics, engraving steel, thermoforming, and machining graphite have fostered the adoption of CNC. In addition, the increase in production efficiency and better accuracy and precision of equipment in various sectors such as aerospace, automobile, healthcare, electronics, and industrial machinery are expected to drive the market growth. However, high cost of CNC machines with highly advanced software languages restrict the market growth. Innovative developments in technologies and machine tool equipment along with increase in number of application areas such as micro drilling, dispensing, dental, and rapid prototyping are expected to provide numerous opportunities for the growth and development of the CNC market.

The lathe segment dominated the computer numerical control market share in 2018, however, mills segment is projected to exhibit highest growth rate of 7.1% during the forecast period of 2019 to 2026. CNC milling machines are majorly applicable in in 3D printing and computer-aided designing (CAD). Rise in penetration of advanced CNC mills known as multi-axis machines, which offer several benefits including reduction of human labor, provision of an enhanced surface finish, and manufacture of complex shapes are anticipated to drive the growth of CNC market for mills segment in upcoming years.

By industry vertical, the industry machinery segment accounted for the highest market share in 2018, owing to increase in demand for accurate high-resolution devices and rise in need to reduce machining trajectory that enable error-proof surface finishes in the industrial sector. Moreover, the integration of CNC technology with high-speed CNC hardware highlighting accurate detection and ultra-smooth rotation boosts the growth of this market.

Region wise, the global computer numerical control industry was dominated by Asia-Pacific in 2018 and is expected to maintain this trend during the forecast period of 2019-2026. Presence of large number of CNC market vendors, continuous adoption of advanced technology for bringing preciseness in manufacturing of various machine parts, and government initiatives encouraging developments in manufacturing sector in the developing countries of Asia such as India, China are some of the factors propelling the computer numerical control market growth in this region.

Key Findings Of The Study

Depending on machine tool type, the lathes segment led the CNC market, in terms of revenue in 2018.
On the basis of industry vertical, the automobile segment is anticipated to exhibit substantial growth during the forecast period.
Region wise, Asia-Pacific generated the highest revenue in 2018; and is expected to continue this trend during the forecast period.

The global computer numerical control market analysis includes some of the key market players such as Bosch Rexroth AG, Dalian Machine Tool Group Corporation (DMTG), Fagor Automation, FANUC Corporation, HAAS Automation, Inc., Heidenhain Corporation, Hurco Companies, Inc., Mitsubishi Electric Corporation, Okuma Corporation, Sandvik AB, and Soft Servo Systems Inc.
Note: Product cover images may vary from those shown
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  • Bosch Rexroth AG
  • Dalian Machine Tool Group Corporation (DMTG)
  • Fagor Automation
  • FANUC Corporation
  • HAAS Automation Inc.
  • Heidenhain Corporation
  • Hurco Companies Inc.
  • Mitsubishi Electric Corporation
  • Okuma Corporation
  • Sandvik AB
  • Soft Servo Systems Inc
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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