Computer Numerical Control Market Size, Share, Research and Industry Forecast - 2022

1
Computer Numerical Control Market
Opportunities and Forecasts, 2014 2022
2
Introduction To Computer Numerical Control (CNC)
Market
Computer Numerical Control (CNC) Market Report,
published by Allied Market Research, forecasts
that the global market is expected to garner
18,293 million by 2022, registering a CAGR of
5.5 during the period 2016 - 2022.The industrial
machinery sector is expected to dominate the
global CNC market during the forecast period.
Europe is expected to be the leading contributor
to the global revenue during the forecast
period. 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. Read More at https//www.alliedm
arketresearch.com/computer-numerical-control-marke
t
3
Computer Numerical Control (CNC) Market Overview
In 2015, the industrial machinery sector
accounted for the maximum revenue share in the
global CNC market, owing to growth in demand for
accurate high-resolution devices and the need to
reduce machining trajectory faults. Further, the
integration of CNC technology with high-speed CNC
hardware highlighting accurate detection and
ultra-smooth rotation provide huge growth
opportunities to the market in industrial
machinery sector. In addition, the automobile
segment is projected to grow at the highest CAGR
of 6.1 during the forecast period. This growth
is attributed to the need to produce identical
and bulk automotive parts. Furthermore, the
increase in demand for vehicles globally, along
with mass produced quality parts is expected to
spur the demand for CNC machines in the
automobile sector. Also, in 2015, lathes machine
tools accounted for the highest revenue in the
global CNC market. The mills machine tool type is
expected to grow at the fastest CAGR owing to the
penetration of advanced CNC mills known as
multiaxis machines, which offer additional two
axis to the three remaining axisX, Y, and
Z. Europe accounted for a major share of the
global CNC market share in 2015, and is expected
to maintain its dominance during the forecast
period due to increase in demand for machine
tools in countries, such as Germany, Italy,
Switzerland, and Austria. Asia-Pacific is
projected to grow at a significant growth rate
due to increase in process adoption, advancements
in technology, and rise in standards of living in
economies such as India, China, and Japan.
4
Key Findings of Computer Numerical Control (CNC)
Market

• In 2015, lathe machine tools dominated the
  overall CNC market in terms of revenue, and is
  projected to grow at a CAGR of 4.9 during the
  forecast period
• Automobile industry vertical is projected to grow
  at the highest CAGR of 6.1 during the forecast
  period
• Industrial machinery industry vertical is
  projected to generate the highest revenue in the
  CNC market
• In 2015, Europe generated the highest revenue
  among all regions in the world CNC market
• Asia-Pacific is expected to grow at a remarkable
  CAGR of 5.6 during the forecast period
• The global CNC market generated 12,734 million
  in 2015

5
Computer Numerical Control (CNC) Market Dynamics
6
Computer Numerical Control (CNC) Market Key
Segments
7
Computer Numerical Control (CNC) Market By
Machine Tool Type
8
Computer Numerical Control (CNC) Market By
Industry Verticals
9
Computer Numerical Control (CNC) Market By
Geography
  North America, Europe, Asia Pacific, LAMEA
10
Key Players

• MONDRAGON Corporation (Fagor Automation)
• GSK CNC Equipment
• Soft Servo Systems
• Heidenhain GmbH
• Bosch Rexroth AG
• Siemens AG
• Sandvik AB
• Haas Automation
• Mitsubishi Electric Corporation
• FANUC Corporation

11
The CNC market in the European region is
projected to grow at a significant rate during
the forecast period, owing to the rise in
adoption of technology, and increase in
import/export activities in European countries.
Increased efficiency, time effectiveness, and
precision accuracy provided across metal
working industries such as automobile and
manufacturing industries is expected to drive the
CNC market Somya Rathore, Senior Research
Analyst, ICT, AMR.
12
Thank You! For More Details
Visit us at
https//www.alliedmarketresearch.com/computer-nume
rical-control-market
Follow Us On