CNC Machine Tools Market (By Product: Lathe, Drilling Machines, Milling Machines, Grinding Machines, Electrical Discharge Machines, Others; By Application: Machinery Manufacturing, Automotive and Transportation, Aerospace & Defense, Sheet Metals, Capital Goods, Energy, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021 - 2030

The global CNC Machine Tools market size was valued at US$ 19.916 billion in 2020 and expected to reach around US$ 34.402 billion by the end of 2030, growing at a CAGR of 6.50% over forecast period 2021-2030.

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.

With the aim to contain the spread of the coronavirus, the need for plastic shields and face guards has heightened since the pandemic began. These items are manufactured on CNC routers such as the M-Series Router made by the US-based CNC machining specialist, C.R. Onsrud. Engineered from plexiglass, polycarbonate, and other transparent polymers, these materials can be customized according to the needs of the business. As retail stores, restaurants, and other commercial spaces begin to reopen, the demand for plastic partitions is expected to soar, creating unprecedented opportunities for manufacturers of CNC machine tools.

Based on the product type, the CNC Machine Tools is primarily split into CNC Lathe, CNC Milling Machine, CNC Grinding Machine, Others, etc.

CNC Lathes are machines that cut workpieces while they are rotated. CNC lathes are able to make fast, precision cuts, generally using indexable tools and drills. They are particularly effective for complicated programs designed to make parts that would be infeasible to make on manual lathes. CNC lathes have similar control Specifications to CNC mills and can often read G-code as well as the manufacturer's proprietary programming language. CNC lathes generally have two axes (X and Z), but newer models have more axes, allowing for more advanced jobs to be machined.

Many CNC milling machines use G-code, which is a standardized programming language that many CNC machines understand, while others use proprietary languages created by their manufacturers. These proprietary languages, while often simpler than G-code, are not transferable to other machines. CNC mills have many functions including face milling, shoulder milling, tapping, drilling and some even offer turning. Standard linear CNC mills are limited to 3 axis (X, Y, and Z), but others may also have one or more rotational axes. Today, CNC mills can have 4 to 6 axes.

The milling machine segment holds the major market share of the machine tool market and is expected to grow more in the future because of the increasing demand from the manufacturing companies for productivity improvements and product innovation. Growth in the manufacturing sector has led to a rapid increase in demand specifically for the increasingly sophisticated CNC machines. Automation of machine tools leads to enhanced productivity, time saving, and elimination of human errors. The new age CAD/CAM CNC machines are compact in size are equipped with automatic tool changers along with multi axis machining technology and can carry out the complete machining process using a single machine. Additionally, the use of CNC machine tools also reduces the requirement for extra tooling and accessories and human intervention, which results on the overall reduction in operating costs. Such benefits will increase their demand in the coming years, fueling market growth.

CNC Grinding Machines are machine tools which use a rotating grinding wheel to achieve material removal on a metallic workpiece by means of cutting. Grinding Machines are mostly used for the hard-fine machining of workpieces (parts).

As of 2020, CNC lathe machining tools segment holds the largest market contributing more than 65.5% of the total market share, reach to US$ 13049.4 million.

Extensive Advantages of CNC Machines in the Automotive Industry to Aid Growth

The applicability of CNC machine tools in the automotive industry is wide, with automobile manufacturers extensively utilizing this technology to enhance efficiency and productivity in assembly plants. For example, CNC machining can be used to design and engineer many of the vehicle’s critical engine components, which can be fitted into the engine block through this machining technique. The advantages offered by these tools to carmakers are several and this is one of the central factors fueling the CNC machine tools market growth. The most distinct advantage of CNC machining is speed. Operated automatically through computer programs, these tools eschew the need for human intervention in the manufacturing process. As a result, they can work without breaks and can elevate production levels of a plant, especially when producing parts in large volumes.

Excellent Growth of the Automotive Industry to Generate Sales Opportunities in Asia Pacific

Asia Pacific dominated the CNC machine tools market share in 2020, having a market size of USD 44.65 billion. The region is expected to continue its dominance during the forecast period on account of the promising growth displayed by the automotive industry in China and India. Moreover, the demand for CNC machines is also growing from other significant industries such as aerospace, transportation, and equipment manufacturing.

The Middle East & Africa region is anticipated to create lucrative opportunities for market players as the oil-rich countries are gradually developing their non-oil business sectors. In North America, the demand for CNC machine tools is likely to remain stable owing to the quick adoption of advanced manufacturing technologies in the region.

Competitive Landscape

The key playres operating in the market are Amada Co. Ltd., Amera Seiki, Fanuc Corporation, Datron AG, DMG Mori, Dalian Machine Tool Group (DMTG) Corporation, Haas Automation Inc., Okuma Corporation, Shenyang Machine Tool Co. Ltd. (SMTCL), Hurco Companies Inc., and Yamazaki Mazak Corporation.

Development and launch of next-gen, cutting-edge CNC machine products and solutions are the central focus areas for key players in this market. These players are continuously investing in R&D to create enhanced and sophisticated offerings to strengthen their portfolio and further entrench their position in the market.

Industry Developments:

September 2020: Mitsubishi Electric released its flagship M80 Series CNC in India to capitalize on the country’s new goal of self-reliance. The advanced M80 model includes features such as high speed spindle motors, low inertia, high-accuracy tapping function, and OMR-DD2 (Optimum Machine Response-Direct Drive).

April 2019: FANUC Corporation partnered with Preferred Networks to develop AI Servo Monitor, a novel artificial intelligence (AI) function that gathers control data from spindle axes and feed axes of the machines with high-speed sampling.

Market Segmentation

Market By Product

• Lathe
• Milling Machines
• Drilling Machines
• Grinding Machines
• Electrical Discharge Machines
• Others

Market By Industry

• Automotive and Transportation
• Aerospace & Defense
• Sheet Metals
• Capital Goods
• Energy
• Others

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.

COVID-19 Impact

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the research department explosive market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Major highlights of CNC machine tools market report:

• Figures related to sales volume, market remuneration, and segmental shares
• Featuring market dynamics
• Growth prospects and expansion graph
• PROCON study of direct & indirect sales channels
• Profiles of prominent traders, dealer, and distributors in the industry

Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa

• Industry forecasts based on region and at country level
• Data about sales volume recorded, industry share held, and profit margins amassed
• Overall remuneration and estimated growth rate for each regional market

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the research department explosive market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the research department explosive market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Research department explosive market.

Market Segments: This part of the report discusses about product, application and other segments of the research department explosive market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.