Global CNC Market by Type: Lathe



According to the latest research from SkyQuest Technology, the global size of CNC was valued at US$86.83 billion in 2021, and it is expected to reach a value of US$140.5 billion by 2028, with a CAGR of 6.9% vs. forecast. period (2022 – 2028). The research provides an up-to-date Computer Numerical Control market analysis of the current market landscape, latest trends, drivers, and overall market environment.

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A CNC machine is a production facility that contains a microprocessor or computer that controls the particular machine. Specific manufacturing instructions are entered directly into the control processor, which consists of several predefined production programs. Machines include lathes, mills, drills and some other implements. In the woodworking industry, CNC (Computer Numerical Control) equipment is considered one of the best options. CNC machines are useful in woodworking because they produce products with craftsmanship and ease of use. Automated machines help end-user industries increase productivity and reduce labor costs. CNC (Computer Numerical Control) Machines Market has been impacted by COVID-19. Limited investment costs and labor shortages have hampered the sale and production of CNC (Computer Numerical Control) technology. However, governments and market players are adopting new safeguards as practices evolve. Technological advancements have increased the sales rate of its CNC machines targeting the right audience. The computer numerical control (CNC) machine market is expected to gain momentum in the post-pandemic era as restrictions on manufacturing are eased. One of the major drivers for the growth of the CNC (computer numerical control) machinery market is the growing demand for various industrial devices and equipment (and more). The market is booming due to the increased demand for ultra-precise processing machines and 5-axis processing machines, which are essential for the manufacture of electric vehicles (EVs). Preference for automated CNC systems integrated with

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Industrial robots are multiplying, which further influences the market. To improve production, alleviate skill shortages, and improve performance, these systems use simulation software. Additionally, the CNC (Computer Numerical Control) machine market is positively impacted by increasing urbanization, changes in lifestyle, increasing investment and rising consumer spending.

Read the market research report, Computer Numerical Control (CNC) Machinery Market is segmented on the basis of Type, End-Use and Region. Based on type, the market is sub-segmented into lathes, milling machines, laser machines, grinding machines, welders, winders and others. Based on end-use, the market is further sub-segmented into Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, Others and by Region – Forecast and Analysis 2022-2028” by SkyQuest

The growing industry need for automated manufacturing has increased the use of CNC machines. Additionally, the development of industrial plants in the Asia-Pacific region is encouraging the use of CNC in this industry. Its CNC machines are often used in this industry because power generation requires large-scale automation. CNC is becoming more and more important in the automotive industry. Modern automobiles include many elements made entirely with CNC tools and machines, from die-cast parts to unibody chassis fabrication. CNC machines are used to manufacture engine cases, axles, bearing caps, suspension parts and carburetor bodies. Another example of CNC machining used to manufacture automotive parts is the milling of acrylic/PMMA for headlights, exterior lights, and interior lights. The rapid growth of the automotive sector is predicted in the coming years, mainly due to the increasing automation of automotive production.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data and verifiable revenue projections of the global Computer Numerical Control market. The projections presented in the report have been derived using proven research methodologies and assumptions.

Report results
● Engines – Rising demand for several industrial devices and equipment including medical devices, telecommunication communication devices, semiconductor production equipment and electric cars is one of the major driving factors the growth of the computer numerical control (CNC) (EV) machine market. Due to the growing need for ultra-precise and five-axis milling machines, both necessary for the creation of electric vehicles, the market is growing (EV).
● Constraints- On the other hand, it is expected that the growth of the market will be limited by the high costs of acquiring and maintaining such equipment.

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What does this report bring?
● Market estimate for more than 20 countries
● Global Computer Numerical Control Market Demand by Region, Sub-Region and Country
● Customization of segments, regions and company profiles
● 100+ tables, 150+ numbers
● Global, regional and country-level CNC market trends
● Complete mapping of CNC market parameters
● Attractive investment proposition in the global CNC market
● Competitive strategies adopted by leading players in the global Computer Numerical Control market
● Drivers, Restraints, Opportunities, Challenges and Impact on Global Computer Numerical Control Market Sizing
● Market growth rate till 2028
● Regulatory scenario, regional dynamics and global Computer Numerical Control market insights of major countries in each region
● Detailed market information by region and country
● Analysis of market segmentation trends, opportunities and growth
● Porter’s five forces analysis to know the state of the market
● Price and sales analysis of the global CNC market
● Parent market analysis
● Comparative analysis of the product portfolio

SkyQuest has segmented the global CNC market based on type, end-use, and region:
● Global Computer Numerical Control Market by Type Outlook (Revenue, USD Million, 2021-2028)
o Towers
o Milling machines
oLaser machines
o Grinding machines
o Welding machines
o Winders
o Others

● Global Computer Numerical Control Market by End-Use Perspective (Revenue, USD Million, 2021-2028)
o Automotive
o Aerospace & Defense
o Building materials
o Power and energy
o Industrial
o Others

● Global Computer Numerical Control Market by Regional Outlook (Revenue, USD Million, 2021-2028)

o North America
● Canada
o Europe
● United Kingdom
● Germany
● Rest of Europe
o Asia Pacific
● China
● India
● Japan
● Rest of Asia-Pacific
o Latin America
● Brazil
● Mexico
● Rest of Latin America
o Middle East and Africa

Key players in the global CNC market
● Amera-Seiki Corporation (USA)
● DMG MORI. (Japan)
● SCM Group (Italy)
● General Technology Group Dalian Machine Tool Corporation (China)
● DATRON (Germany)
● Haas Automation, Inc (USA)
● Hurco Companies, Inc. (USA)
● Okuma Corporation (Japan)
● Yamazaki Mazak Corporation (Japan)

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This press release was published on openPR.


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