CNC Router Market was valued at US$ 0.66 Bn. in 2022. Global CNC Router Market size is expected to grow at a CAGR of 4.1 % through the forecast period.
CNC Router Market Overview:A CNC router operates similarly to a CNC milling machine. To route the tool paths necessary for the machine to operate, a CNC router machine uses computer numerical control. A CNC router is typically used to create products like furniture, musical instruments, moldings, door carvings, external and interior decorations, and wood panels and frames. Automating the cutting and procedure also aids in the thermoforming of polymers. With the help of a CNC machine, the Computer Numerical Control (CNC) Routers are the tools used to cut a variety of materials, including steel, aluminum, wood, glass, plastics, and others. Panels, carvings, furniture, instruments, signboards, and other components of various types are made using CNC routers. The demand for CNC routers is increasing as a result of the quickening rate of industrialization. To Know About The Research Methodology :- Request Free Sample Report 2022 is considered as a base year to forecast the market from 2022 to 2029. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region. CNC Router Market Covid-19 Impact: Due in large part to the extended state of lockdown in many developed nations, the COVID-19 epidemic has halted the production of a number of goods in the CNC router sector. This has considerably slowed the growth of the CNC router market over the past few months, and it will probably do so throughout 2020. Equipment and machinery sales have already been impacted by COVID-19 in the first quarter of 2020, and the market growth rate is expected to suffer throughout the year. The United States, Germany, Italy, the United Kingdom, and China, which are important industrial nations and are severely impacted by the coronavirus outbreak, accounted for the majority of the demand for equipment and machinery that had previously been observed.
CNC Router Market Dynamics:1. Growth of the Automotive sector: The development of the automotive sector is the main factor propelling the growth of this market because it produces products like doors, car hoods, etc. more quickly and with less error. In addition, the rising demand for wooden furniture and other wooden goods is having a significant positive impact on the growth of the CNC Router Market. Additionally, industrial design firms utilize CNC routers to design and create modular kitchens and furnishings, which is another element fueling the growth of the CNC router market. The CNC Router Market is expected to grow as a result of rising automation in a variety of industrial processes, high quality, high accuracy, minimal material waste, and enhanced productivity. However, because computer numerical routers need skilled specialists to handle the hardware and software, a scarcity of qualified individuals is limiting the market's development. The market is also suffering from the high price of CNC routers. Due to their lower carbon emissions, hybrid and electric vehicles are becoming more and more popular, which has opened up opportunities for the CNC Router Market since these vehicles' hoods and doors are often carved with intricate designs. 2. Rising Furniture market: The number of households and businesses increases along with the world population and urbanization. Along with an increase in middle-class consumers disposable income, the demand for beautiful woodwork and furniture is rising. The growing market for CNC routers is expected to be greatly impacted by the rising demand for beautifully constructed, exquisite homes and their usage of engineered wood. The need for woodwork and furniture is also rising in the business and international hospitality sectors, which frequently need to alter their interior design. The use of computer numerical control can improve efficiency and precision in a variety of woodworking applications, including the creation of wooden frames, wood panels, exterior, and interior decorations, door carvings, sign boards, musical instruments, moldings, and furniture. The growing availability of furniture on e-commerce platforms is a significant element fueling the growth of the CNC router market. End users are rapidly leaving the traditional market to use e-commerce platforms. One of the main reasons why e-commerce furniture platforms have become so popular is the benefit of order customization. CNC Router Market Restraints: The CNC routers must be operated by qualified experts. Because educated specialists are required to operate these Computer Numerical Control (CNC) routers, a major barrier to the growth of the CNC router market is the lack of skilled labor. The lack of skilled labor for the operation of CNC routers is limiting the market growth through the forecast period. CNC Router Market Opportunities: Due to their low carbon emissions, electric and hybrid vehicles are becoming more and more popular. Because innovatively built automotive hoods, doors, and trunks are now being carved using CNC routers, this has opened up numerous chances for the CNC router market. The market for electric vehicles (EVs) is growing fast. According to EV volumes, the total number of electric vehicles (including battery electric vehicles [BEVs] and Plug-in hybrid electric vehicles [PHEVs]) on the road increased from 4.2% in 2020 to 8.3 % with 6.75 million vehicles. The electric vehicle market is expected to grow from USD 288 billion in 2022 to USD 1320 billion in 2028 at a CAGR of 25.2 % through the forecast period.
CNC Router Market Segment Analysis:Based on Product, the CNC Router Market is segmented into Plasma, Laser, Water Jet, and Metal Tool. Due to the growing use of CNC routers in the woodworking and metalworking sectors, the metal tool sector is expected to experience the largest growth. Metal tool segment dominates the market with around 38% market share, and it is expected that it will be growing at a significant CAGR through the forecast period. Based on the End-User, the CNC Router Market is segmented into Construction, Automotive, Furniture, Industrial, and Others. The construction sector dominates the segment with a market share of around 45%. It is growing at a CAGR of 7.4%. With the increasing population and increasing demand for new homes, demand for the CNC router is rising. Automation is another sector that is driving the demand for the CNC router market. The rise in the EV market is increasing demand for CNC routers. The EV market is expected to grow at a CAGR of around 18% through the forecast period. Increasing demand and the growing furniture sector are driving the market growth. It is expected that the furniture sector will be growing at a CAGR of 7.2% through the forecast period.
CNC Router Market Regional Insights:The Asia Pacific region dominated the market with a 35% share in 2022. The Asia-Pacific region is expected to witness significant growth at a CAGR of 8.5% through the forecast period. Asia Pacific is expected to have the highest demand for CNC routers. This is mostly a result of the demand for industrial and automotive parts from major producing nations like China, India, and Japan. Through Additionally, over the forecast period, it is expected that the growth of the automotive sector in the Asia Pacific region will increase demand for CNC routers and improve the quality of manufacturing industrial and automotive parts. North America is expected to grow at a significant rate through the forecast period. Increasing disposable income, high demand for furniture, new homes, and technological advancements in the automotive sector are driving the market growth. The second-largest market share of CNC routers is owned by the Europe region. This is partly attributable to the region's increasing export, import, and uptake of cutting-edge technology. Europe is a major center for the automobile sector because of the existence of prominent producers with large manufacturing capacities like BMW, Volvo, and Audi. The Europe Autonomous Cars Market is increasing because of urbanization increased consumer spending power and technical improvements. The increased desire for self-driving cars in Europe is a result of their advantages, including the convenience of sleeping, reading, and working while moving. This serves as the main feature luring customers of all ages. Additionally, the market is being driven by growing technology developments and industrial diversification that have led to the introduction of several autonomous vehicles. 13.8 million European people have direct or indirect occupations in the automotive sector, which accounts for 6.1% of all employment in the EU. The direct manufacturing of motor vehicles employs 2.6 million people or 8.5% of all manufacturing jobs in the EU. This increasing and rising automotive market in Europe is driving the CNC router market. The objective of the report is to present a comprehensive analysis of the CNC Router Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the CNC Router Market dynamic, and structure by analyzing the market segments and projecting the CNC Router Market size. Clear representation of competitive analysis of key players by Product type, price, financial position, product portfolio, growth strategies, and regional presence in the CNC Router Market make the report investor’s guide.
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Global CNC Router Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 0.66 Bn. Forecast Period 2023 to 2029 CAGR: 4.1% Market Size in 2029: US $ 0.87 Bn. Segments Covered: by Product Plasma Laser Water Jet Metal Tool by Application Wood Working Stone Working Metal Field Others by End-User Construction Automotive Furniture Industrial Others
CNC Router Market by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)
CNC Router Market Key Players1. Anderson Group (Taiwan) 2. MultiCam Inc. (U.S.) 3. The Shoda Company (Japan) 4. Exel CNC Ltd (U.K.) 5. Carbide 3D LLC (U.S.) 6. Biesse Group (Italy) 7. Thermwood Corporation (U.S.) 8. HOMAG Group (Germany) 9. ShopSabre (U.S.) 10. Komo Machine (U.S.) 11. AXYZ Automation Group (Canada) 12. Laguna Tools (U.S.) 13. Onsrud (U.S.) 14. Precix (U.S.) Frequently Asked Questions: 1] What segments are covered in the Global CNC Router Market report? Ans. The segments covered in the CNC Router Market report are based on Product, Application and End User. 2] Which region is expected to hold the highest share in the Global CNC Router Market? Ans. The Asia Pacific region is expected to hold the highest share in the CNC Router Market. 3] What is the market size of the Global CNC Router Market by 2029? Ans. The market size of the CNC Router Market by 2029 is expected to reach US$ 0.87 Bn. 4] What is the forecast period for the Global CNC Router Market? Ans. The forecast period for the CNC Router Market is 2023-2029. 5] What was the market size of the Global CNC Router Market in 2022? Ans. The market size of the CNC Router Market in 2022 was valued at US$ 0.66 Bn.
1. Global Market Size: Research Methodology 2. Global CNC Router Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global CNC Router Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global CNC Router Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global CNC Router Market Size Segmentation 4.1. Global CNC Router Market Size, by Product (2022-2029) • Plasma • Laser • Water Jet • Metal Tool 4.2. Global CNC Router Market Size, by Application (2022-2029) • Wood Working • Stone Working • Metal Field • Others 4.3. Global CNC Router Market Size, by End User (2022-2029) • Construction • Automotive • Furniture • Industrial • Others 5. North America CNC Router Market (2022-2029) 5.1. North America CNC Router Market Size, by Product (2022-2029) • Plasma • Laser • Water Jet • Metal Tool 5.2. North America CNC Router Market Size, by Application (2022-2029) • Wood Working • Stone Working • Metal Field • Others 5.3. North America CNC Router Market Size, by End User (2022-2029) • Construction • Automotive • Furniture • Industrial • Others 5.4. North America CNC Router Market, by Country (2022-2029) • United States • Canada • Mexico 6. European CNC Router Market (2022-2029) 6.1. European CNC Router Market, by Product (2022-2029) 6.2. European CNC Router Market, by Application (2022-2029) 6.3. European CNC Router Market, by End User (2022-2029) 6.4. European CNC Router Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific CNC Router Market (2022-2029) 7.1. Asia Pacific CNC Router Market, by Product (2022-2029) 7.2. Asia Pacific CNC Router Market, by Application (2022-2029) 7.3. Asia Pacific CNC Router Market, by End User (2022-2029) 7.4. Asia Pacific CNC Router Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa CNC Router Market (2022-2029) 8.1. Middle East and Africa CNC Router Market, by Product (2022-2029) 8.2. Middle East and Africa CNC Router Market, by Application (2022-2029) 8.3. Middle East and Africa CNC Router Market, by End User (2022-2029) 8.4. Middle East and Africa CNC Router Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America CNC Router Market (2022-2029) 9.1. South America CNC Router Market, by Product (2022-2029) 9.2. South America CNC Router Market, by Application (2022-2029) 9.3. South America CNC Router Market, by End User (2022-2029) 9.4. South America CNC Router Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Anderson Group (Taiwan) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. MultiCam Inc. (U.S.) 10.3. The Shoda Company (Japan) 10.4. Exel CNC Ltd (U.K.) 10.5. Carbide 3D LLC (U.S.) 10.6. Biesse Group (Italy) 10.7. Thermwood Corporation (U.S.) 10.8. HOMAG Group (Germany) 10.9. ShopSabre (U.S.) 10.10. Komo Machine (U.S.) 10.11. AXYZ Automation Group (Canada) 10.12. Laguna Tools (U.S.) 10.13. Onsrud (U.S.) 10.14. Precix (U.S.)