Product Code: r7553
“CNC Machine Tools Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cnc machine tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for cnc machine tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cnc machine tools market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Product Type: Milling Machines; Drilling Machines; Grinding Machines; Other Product Types
- 2) By Material: Aluminum; Stainless steel; Titanium; Other Material
- 3) By Application: Automotive; General Machinery; Precision Engineering; Transport Machinery; Other Applications
- Companies Mentioned: Amada Co. Ltd.; Yamazaki Mazak; DMG MORI CO., LTD.; TRUMPF Group; Dalian Machine Tool Group (DMTG) Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the cnc machine tools market are Amada Co. Ltd., Yamazaki Mazak, DMG MORI CO., LTD., TRUMPF Group, Dalian Machine Tool Group (DMTG) Corporation, Haas Automation Inc., Okuma Corporation, Shenyang Machine Tool Co. Ltd. (SMTCL), Hurco Companies Inc., JTEKT Corporation, Makino Milling Machine Co., Ltd., GROB-WERKE GmbH & Co. KG. , Doosan Machine Tools Co., Ltd., Haitian Precision Machinery Co., Ltd., and Gleason Corporation.
The global CNC machine tools market is expected to grow from $25.34 billion in 2022 to $26.83 billion in 2023 at a compound annual growth rate (CAGR) of 5.88%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The CNC machine tools market is expected to reach $32.46 billion in 2027 at a CAGR of 4.8%.
The CNC machine tools market consists of sales of CNC turning machines, CNC laser machines, and CNC electric discharge machines (EDM). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
CNC is a manufacturing process that automates machine tools' control, movement, and perfection by applying preprogrammed computer software incorporated into the tools.
It is a computerized manufacturing method that regulates the movement of production equipment using code.
Asia-pacific was the largest region in the CNC machine tools market in 2022. The regions covered in CNC machine tools report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of CNC machine tools are milling machines, drilling machines, grinding machines, and others. Milling machines refer to a machine that uses rotating cutting tools to remove material from a workpiece, which is held in place on a table or a fixture. Computer numerical control milling machine is used in a variety of applications such as surface contours, milling profiles, cutting operations, and others. The various materials of CNC machine tools include aluminum, stainless steel, titanium, and others that are used in automotive, general machinery, precision engineering, transport machinery, and others.
The growth of manufacturing activities is expected to propel the growth of the CNC machine tool market going forward. Manufacturing activities refer to transforming raw materials, components, or parts into finished products that can be sold to consumers or used in other industries. Computer numerical control machine tools in manufacturing activities enable the automation of control, precision, and movement of equipment with the help of software that is integrated inside the machine tools. As manufacturing activities grow, there is an increase in dependency on CNC machine tools. For instance, in March 2022, according to the United Nations Industrial Development Organization, an Austria-based specialized agency of industrial and economic development, in the year 2021, the global manufacturing production of goods rose by 9.4%, respectively, as compared to 2020, where the manufacturing activities encountered a drop of 4.2% due to the pandemic crises. Therefore, the growth of manufacturing activities is driving the growth of the CNC machine tool market.
Advancements in technology are a key trend gaining popularity in the CNC machine tool market. Companies operating in the CNC machine tool market are adopting new technologies to sustain their position in the market. For instance, in September 2020, NUM AG, a Switzerland-based manufacturer and provider of computer numerical control, launched the digital twin technology for CNC machine tools that helps reduce time and cost in machine development. The digital twin technology uses machine learning techniques, real-time data analysis, and simulation for automation products such as machine tools. This technology enables a detailed evaluation of the machine's performance before building the actual physical structure.
In August 2020, Consolidated Machine & Tool Holdings, a US-based CNC machining and fabrication manufacturer, acquired Specialty CNC, Inc. for an undisclosed amount. With this acquisition, Consolidated Machine & Tool Holding looks forward to enhancing and expanding its capabilities in manufacturing CNC machines. The addition also enables Specialty CNC, Inc., to gain support for its continuous growth and create future growth opportunities in the market. Specialty CNC, Inc. is a US-based manufacturing company specializing in CNC machining and milling machines.
The countries covered in the CNC machine tools market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The CNC machine tools market research report is one of a series of new reports from The Business Research Company that provides CNC machine tools market statistics, including CNC machine tools industry global market size, regional shares, competitors with a CNC machine tools market share, detailed CNC machine tools market segments, market trends and opportunities, and any further data you may need to thrive in the CNC machine tools industry. This CNC machine tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. CNC Machine Tools Market Characteristics
3. CNC Machine Tools Market Trends And Strategies
4. CNC Machine Tools Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On CNC Machine Tools Market
- 4.2. Ukraine-Russia War Impact On CNC Machine Tools Market
- 4.3. Impact Of High Inflation On CNC Machine Tools Market
5. CNC Machine Tools Market Size And Growth
- 5.1. Global CNC Machine Tools Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global CNC Machine Tools Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. CNC Machine Tools Market Segmentation
- 6.1. Global CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Milling Machines
- Drilling Machines
- Grinding Machines
- Other Product Types
- 6.2. Global CNC Machine Tools Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Aluminum
- Stainless steel
- Titanium
- Other Material
- 6.3. Global CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Automotive
- General Machinery
- Precision Engineering
- Transport Machinery
- Other Applications
7. CNC Machine Tools Market Regional And Country Analysis
- 7.1. Global CNC Machine Tools Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global CNC Machine Tools Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific CNC Machine Tools Market
- 8.1. Asia-Pacific CNC Machine Tools Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China CNC Machine Tools Market
- 9.1. China CNC Machine Tools Market Overview
- 9.2. China CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India CNC Machine Tools Market
- 10.1. India CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan CNC Machine Tools Market
- 11.1. Japan CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia CNC Machine Tools Market
- 12.1. Australia CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia CNC Machine Tools Market
- 13.1. Indonesia CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea CNC Machine Tools Market
- 14.1. South Korea CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe CNC Machine Tools Market
- 15.1. Western Europe CNC Machine Tools Market Overview
- 15.2. Western Europe CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK CNC Machine Tools Market
- 16.1. UK CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany CNC Machine Tools Market
- 17.1. Germany CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France CNC Machine Tools Market
- 18.1. France CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe CNC Machine Tools Market
- 19.1. Eastern Europe CNC Machine Tools Market Overview
- 19.2. Eastern Europe CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia CNC Machine Tools Market
- 20.1. Russia CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America CNC Machine Tools Market
- 21.1. North America CNC Machine Tools Market Overview
- 21.2. North America CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA CNC Machine Tools Market
- 22.1. USA CNC Machine Tools Market Overview
- 22.2. USA CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America CNC Machine Tools Market
- 23.1. South America CNC Machine Tools Market Overview
- 23.2. South America CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil CNC Machine Tools Market
- 24.1. Brazil CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East CNC Machine Tools Market
- 25.1. Middle East CNC Machine Tools Market Overview
- 25.2. Middle East CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa CNC Machine Tools Market
- 26.1. Africa CNC Machine Tools Market Overview
- 26.2. Africa CNC Machine Tools Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa CNC Machine Tools Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. CNC Machine Tools Market Competitive Landscape And Company Profiles
- 27.1. CNC Machine Tools Market Competitive Landscape
- 27.2. CNC Machine Tools Market Company Profiles
- 27.2.1. Amada Co. Ltd.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Yamazaki Mazak
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. DMG MORI CO., LTD.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. TRUMPF Group
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Dalian Machine Tool Group (DMTG) Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The CNC Machine Tools Market
29. CNC Machine Tools Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer