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Global Computer Numerical Controls Market is expected to grow at a CAGR of 6.36% over the Forecast Period of 2018 – 2024

Infograph - Global Computer Numerical Controls  Market

By Infinium Global Research Aug, 2020

Computer numerical controls is a process used in the manufacturing sector in which pre-programmed computer software is used to control the machine tools. Increasing advancement in the production technology has led to the reduction in time required for manufacturing components with better finish quality is anticipated to be the factor driving the growth of the computer numerical control market. Speed, production rate, and accuracy are some of the main advantages of CNC machining over conventional machining that reduces human errors. Additionally, an increase in demand for mass production plants in various sectors including defense and intelligence, electronics, and automobiles are fuelling the growth in the computer numerical control market. Moreover, increasing efforts to cut down the expenses experienced in employing operators for individual machinery are anticipated to boost the growth of the computer numerical control market. However, the high cost of maintenance and after sales services of computer numerical control machines are anticipated to hamper the growth of the market over the forecast period.      

 

The report on Global Computer Numerical Controls Market covers segments such as machines type and end-use. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global 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. 
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