Tuesday, 26 October 2021 08:23 GMT

CNC Metal Cutting Machine Market Anticipated to Reach $113,501.0 Million by 2026 | Covid-19 Impact Analysis

(MENAFN- EIN Presswire)

The expansion of manufacturing sectors and rapid industrialization in developing countries such as China and India drive the CNC metal cutting machine growth.

PORTLAND, OR, UNITED STATES, August 25, 2021 /EINPresswire.com / -- CNC metal cutting machining refers to the manufacturing process in which pre-programmed computer software are used to dictate the movement of factory machinery and tools. The process is utilized to control variety of complex machinery, from metal cutting, broaching, grinders, lathes, and others.

The global CNC metal cutting machine market size was valued at $69.9 billion in 2018, and is projected to reach $113.5 billion by 2026, registering a CAGR of 6.0% from 2019 to 2026.

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Increase in trend of adoption of CNC metal cutting machine has been witnessed in the automotive industry, owing to its advantage over conventional machines in terms of working efficiency and speed. The strong growth of automobile industry, supportive government regulations, and increase in R & D expenditure among the key players in CNC metal cutting machine market are some of the major factors that offers lucrative growth opportunities for the market players during the forecast period.

Top 10 Leading Players

Amada Holdings Co., Ltd.
Coherent, Inc.
Hurco Companies, Inc.
Komatsu Ltd.
Lincoln Electric Holdings, Inc.
Maschinenfabrik Berthold Hermle AG
Okuma Corporation
Yamazaki Mazak Corporation

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Key Benefits for Stakeholders:

The report provides an extensive analysis of the current and emerging CNC metal cutting machine market trends and dynamics.

In-depth CNC metal cutting machine market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

Extensive analysis of the CNC metal cutting machine market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

Key Market Segments

By Type

Machining Centers
Lathe Machines
Gear Cutting Machines
Laser Cutting Machines

By End-User

Aerospace & defense
Power & Energy

By Region

North America

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David Correa
Allied Analytics LLP
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