Global Computer Numerical Controls Market (CNC) by type (lathes, mills, routers, grinders), by application (aerospace and defence, automobile, electronics, healthcare, industrial machinery). Region-wise (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) is expected to reach US$ 21.1Bn by 2026, at a CAGR of 5.74% during a forecast period.
There is an increasing demand for production efficiency as these computer numerical controls machines streamline numerous operational processes by reducing production time and minimizing human error. Similarly, highly competitive market has compelled players to focus on efficient manufacturing techniques and are trying to gain competitive driver by redesigning their facilities that include CNC machines.
Industrial machinery segment is expected to continue the larger segment of the market during the forecast period (2018-2026).
Industrial machinery is one of the prominent end users of the market, due to its varied applications such as pipe cutting, tube cutting, and welding preparations. In addition, the healthcare sector utilizes CNC machines for various purposes such as machining transplant constituents for medical instruments.
Asia Pacific accounts for the largest share of the global computer numerical controls (CNC) market.
Increasing economies, such as China and India have been witnessing rapid growth in terms of industrialization, thereby driving the CNC market. The automotive sector is expected to grow significantly during the forecast period, due to the rising demand for automobiles in the Asia Pacific region.
Key players operating in the global computer numerical controls (CNC) market, Amada Co., Ltd., DMTG Corporation, Haas Automation, Okuma Corporation, Yamazaki Mazak Corporation, Amera Seiki, Hurco Companies, Inc., Shenyang Machine Tool Co., Ltd. (SMTCL), Hurco Companies, Inc. and FANUC CORPORATION.
Maximize market research, a Global market research firm with a dedicated team of specialists and data has carried out extensive research about the global computer numerical controls (CNC) market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global computer numerical controls (CNC) market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global computer numerical controls (CNC) market positioning of competitors.
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