Press Release
Global Computer Numerical Controls (CNC) Market is Expected to Reach $87 Billion 2024, Says Variant Market Research
 Published Date:  May 2017  Publish By: Variant Market Research

Global Computer Numerical Controls (CNC) Market Report, published by Variant Market Research, forecast that the global market is expected to reach $87 billion by 2024 from $51 billion in 2016; growing at a CAGR of 6.9% from 2016 to 2024. By geography, North America and Europe are expected to grow at a CAGR of 7.6% and 7.1%, respectively, during the forecast period.

"Computer Numerical Controls (CNC) Market (By Type: Milling Machines, Lathe Machines, Grinding Units, Lasers, Winding Machines, Welding Machines, and Others; By Application: Industrial, Automotive, Defense & Aerospace, Power & Energy, and Others; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/information-communication-technology/computer-cumerical-controls-cnc-market

The global computer numerical controls market is majorly driven by increasing disposable income in emerging economies and high need for mass production. Rising number of small manufacturing units with need for automated machines and lack of labors also fuels the growth of the market. However, non-availability of skilled programmers and high maintenance cost of machines may hamper the growth of the CNC market. Furthermore, rising R&D on new applications and technological advancements would provide market opportunities in the forecast period.

The global CNC market has been bifurcated into type and applications. By type, the global computer numerical controls market is further segmented into milling machines, lathe machines, lasers, welding machines, grinding units, winding machines and others. In 2016, lathe machines accounted for the largest market share accounting for 19.2%, followed by welding machine holding 15.6%. Furthermore, by application, the market is segmented as industrial, automotive, defense & aerospace, power & energy and others. Automotive is expected to grow at a highest CAGR during 2016 - 2024, owing to the need for automotive parts in bulk quantity along with precision and accuracy.

Geographically, the computer numerical controls market is categorized into North America, Europe, Asia-Pacific and RoW. In 2016, Asia Pacific accounted for the largest market share of 35%, owing to the rising industrialization and rising standards of living especially in China and Japan. North America is expected to dominate the market growing at the fastest CAGR during the forecast period, owing to the increasing investments on automations and need for high resolution devices to reduce human errors.

The major market players have used various strategies to increase their market share and global presence. For instance, on September 2016, FANUC introduced advances in its series 0i-MODEL F CNC platform. New advances in the series 0i-F have brought it closer to the series 30i-B in terms of capabilities and features. The key players in the CNC market include Haas Automation, Siemens AG, Mitsubishi Electric Corp., Dr. Johannes Heidenhain GmbH, Bosch Rexroth AG, Fagor Automation, Fanuc Corporation, GSK CNC EQUIPMENT Co. Ltd., Soft Servo Systems and Sieb & Meyer AG, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Value Chain Analysis
    3.4 Market Dynamics
          3.4.1 Drivers
                   3.4.1.1 Impact Analysis
          3.4.2 Restraints
                   3.4.2.1 Impact Analysis
          3.4.3 Opportunities
    3.5 Porter’s five forces analysis
          3.5.1 Factors Impact Analysis
Chapter 4 Computer Numerical Controls (CNC) Market by Type: Market Size and Forecast, 2015 – 2024
    4.1 Milling Machines
          4.1.1 Current Trend and Analysis
          4.1.2 Market Size and Forecast
    4.2 Lathe Machines
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Grinding Units
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Lasers
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Winding Machines
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
    4.6 Welding Machines
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast
    4.7 Others
          4.7.1 Current Trend and Analysis
          4.7.2 Market Size and Forecast
Chapter 5 Computer Numerical Controls (CNC) Market by Application: Market Size and Forecast, 2015 – 2024
    5.1 Industrial
          5.1.1 Current Trend and Analysis
          5.1.2 Market Size and Forecast
    5.2 Automotive
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Defense & Aerospace
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 Power & Energy
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
    5.5 Others
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
Chapter 6 Computer Numerical Controls (CNC) Market by Geography: Market Size and Forecast, 2015 – 2024
    6.1 North America
          6.1.1 Current Trend and Analysis
          6.1.2 Market Size and Forecast
          6.1.3 US
          6.1.4 Canada
          6.1.5 Mexico
    6.2 Europe
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
          6.2.3 Germany
          6.2.4 France
          6.2.5 United Kingdom
          6.2.6 Italy
          6.2.7 Others
    6.3 Asia-Pacific
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
          6.3.3 China
          6.3.4 India
          6.3.5 Japan
          6.3.6 South Korea
          6.3.7 Others
    6.4 RoW
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
          6.4.3 Middle East
          6.4.4 South America
          6.4.5 Africa
Chapter 7 Company Profiles
    7.1 Siemens AG
    7.2 Fanuc Corporation
    7.3 Dr. Johannes Heidenhain GmbH
    7.4 Mitsubishi Electric Corp.
    7.5 Bosch Rexroth AG
    7.6 Haas Automation
    7.7 Fagor Automation
    7.8 GSK CNC EQUIPMENT Co. Ltd.
    7.9 Soft Servo Systems
    7.10 Sieb & Meyer AG

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