Evolution of the Internet of Things (IoT) and machine learning technology, has led the growth of computer numerical control (CNC) machine market
Published | 06 August 2019
Computer
numerical control has transformed the industrial manufacturing and homemade
design fields extremely over the past few decades. Evolution of the Internet of
Things (IoT) and machine learning technology has led to the growth of
applications that notify the status of a machine to operators on their Personal
Computers or smartphones. According to BlueWeave Consulting, the global
computer numerical control machine market is projected to exhibit significant
growth during 2019-2025. They are utilised for a wide range of applications.
Machining processes like milling, drilling, tapping, and boring, which were traditionally
done on conventional machine tools, can be done more efficiently with the help
of CNC machining centers.
CNC
machines have already begun to drop in price and become easier to use and more
readily available to the general public. The application of CNC systems has
continued to expand into further areas like 3D printing, laser cutting,
water-jet, wood, plastics, and glass sectors. Cumulative efforts to cut down on
expenses incurred in employing operators for individual machinery is projected
to increase the CNC machines market over the forecast period. Moreover,
increasing demand for mass production plants in several sectors including
defense and intelligence, electronics and automobiles are driving the expansion
in the computer numerical control (CNC) market.
Among type, CNC Lathe machine
segment holds the largest market share of the global computer numerical control
(CNC) market during the forecast period
The
type segment in the global computer numerical control (CNC) machine market led
by lathe machines and projected to lead the market throughout the forecast
period due to the increasing availability of multi-axis machine variants.
Benefits like the ease of operation and their countless applications are
intensifying their adoption across the globe. CNC lathes machine are rapidly
replacing some of the older and more traditionally used production lathes due
to technological advancement.
The Automotive Industry is
expected to be the most lucrative segment of global computer numerical control
(CNC) machine market
Rising
demand from automobile makers for mass production of work pieces at negligible
time and expenses is projected to increase the demand for these products over
the forecast period. CNC machining is used for cutting a wide range of interior
and exterior components like carpets, door sections, and chassis. The
healthcare sector utilizes CNC machines for various purposes such as machining
transplant constituents for medical instruments.
Europe is projected to be the
fastest growing region of global computer numerical control (CNC) machine market
during the forecast period
Global computer numerical control (CNC) machine market by region can be
sub-divided into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. The Asia Pacific is expected to be the most lucrative region
for computer numerical control market in the coming years. The growth is
majorly attributed to the growing industrialization, government initiatives,
and growing demand for an automobile in this region. Europe is the fastest
growing region throughout the forecast period.
Global Computer Numerical Control
(CNC) Machine Market: Competitive Landscape
Companies such as Amada Machine Tools Co., Ltd., DMG Mori
Co., Ltd., FANUC Corporation, Hurco Companies, Inc., Okuma Corporation, JTEKT
Corporation, Siemens AG, Takisawa Machine Tool Co. Ltd., Dr. Johannes
Heidenhain GmbH, AMS Micromedical LLC, Yamazaki Mazak Corporation, and Haas
Automation, Inc. are the leading players of computer numerical control machine
market across the globe.
Don’t miss the business
opportunity of Global Computer Numerical Control (CNC) Machine Market. Consult
to our analyst and gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides the growth potential,
upcoming trends and statistics of global computer numerical control (CNC) machine
market size & forecast. The report promises to provide state-of-the-art
production of computer numerical control machine and industry insights which
help decision makers to take sound strategic decisions. Furthermore, the report
also analyzes the market drivers and challenges and competitive analysis of the
market.
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