Computer Numerical Control (CNC) Market 2021-2026: Global Size, Share, Growth, Industry Demand, COVID-19 Impact, and Forecast

(MENAFN- IMARC Group) According to the latest report by IMARC Group, titled “Computer Numerical Control (CNC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global Computer Numerical Control (CNC) Machine Market size exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global computer numerical control (CNC) market to grow at a CAGR of 6.50% during 2021-2026. Computer numerical control (CNC) is the method employed for automating the control of machine tools via software. It is used to shape stock materials, like metal, plastics, wood, foam and composite, into custom parts and designs. The software program is uniquely written in an international standard language known as G-code, which is used by the microcomputer or machine control unit (MCU). These software programs combine a series of parameters and instructions related to the feed rate of materials, along with the positioning and speed of the machine tools.


As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Global Computer Numerical Control Market Trends:


CNC helps in providing enhanced speed and flexibility, higher accuracy, better contour machining for producing 3D designs. It also helps in automating processes, thereby eliminating or reducing the need for manual labor as compared to traditional machining. Besides this, the leading companies are integrating 3D printing techniques with CNC machines to help in the manufacturing of complex curved geometries, which is extremely expensive by mechanical means. 3D printing also aids in reducing resource wastage and enhancing multi-material capability. Also, the advent of the Internet of Things (IoT), coupled with innovations in machine learning technology, has provided a positive impact on the growth of the market. Furthermore, various government initiatives like, ‘Made in China 2025’ by the Government of China and ‘Made in India’ by the Government of India, have propelled the establishment of automated manufacturing units in these regions. These units utilize CNC machines to increase production efficiency, as well as minimize human errors.

Key Market Segmentation:


Some of the top manufacturers/ Key players in Computer Numerical Control (CNC) Machine Market include:

Mondragon Corporation
GSK CNC Equipment Co., Ltd.
Soft Servo Systems, Inc.
Johannes Heidenhain GmbH
Bosch Rexroth AG
Siemens AG
Sandvik AB
Haas Automation, Inc.
Mitsubishi Electric Corporation
FANUC Corporation.

Market Breakup by Machine Type:

Lathe Machines
Milling Machines
Laser Machines
Grinding Machines
Welding Machines
Winding Machines
Others

Market Breakup by End Use Industry:

Aerospace and Defense
Automobile
Electronics
Healthcare
Others

Market Breakup by Region

North America
Asia Pacific
Europe
The Middle East and Africa
Latin America

Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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