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Reliable Data You Can Trust
A recent report published by Infinium Global Research on
computer numerical controls (CNC) market provides in depth analysis of
segments and sub-segments in global as well as regional computer numerical
controls (CNC) market. The study also highlights the impact of drivers,
restraints and macro indicators on the global and regional computer numerical
controls (CNC) market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of global
computer numerical controls (CNC) market. According to report the global
computer numerical controls (CNC) market is projected to grow at a CAGR of
6.4% over the forecast period of 2018-2024.
Market Insight
Computer numerical controls is a
process used in the manufacturing sector in which pre-programmed computer
software are used to control the machine tools. It is a method for automating
control of machine tools with software embedded in a microcomputer attached to
the tool. The program contains the instructions and parameters the machine tool
will follow such as feed rate of the material, positioning, and the speed of
the tools component.
Increasing advancement in the
production technology have 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 the human errors. Additionally,
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, 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.
Furthermore, evolution of
internet of things and machine learning technology has led to the development
of applications that notify the status of machine to the supervisors PC’s and
smartphones. This in turn is anticipated to provide several growth
opportunities in the computer numerical control market. On the other hand,
integration of CNC technology with high speed CNC hardware highlighting
accurate detection and ultra-smooth rotation are providing huge opportunities
for the key players in the computer numerical control market over the years to
come.
Among the geographies, Asia
pacific dominated the global computer numerical control system. Asia Pacific is
the leading region owing to increased adoption of CNC machines in countries
such as India, China, and Japan. Heavy industrialization in the Asia Pacific
region can also be contributed to the increasing government initiatives for
supporting the growth of the machine tools industry. Furthermore, Presence of a
well-established automotive industry in the European region is expected to
provide a significant push to the market in the region.
Segment Covered
The report on global computer numerical controls market covers
segments such as, machines type and end-use. On the basis of machines type the
global computer numerical controls market is categorized into lathe machines,
milling machines, laser machines, grinding machines, welding machines and
welding machines winding machines. On the basis of end-use the global
computer numerical controls market is categorized into automotive,
aerospace & defense, construction equipment, power & energy, industrial
and others (consumer goods, metal and mining, and transportation).
Geographic Coverage
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain, and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience a growth at a CAGR of x.x% over the period of
2018-2024.
Companies Profiled:
The report provides profiles of the companies in the global
computer numerical controls market such as, 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.
Report Highlights:
The report provides deep insights on demand forecasts, market
trends and micro and macro indicators. In addition, this report provides
insights on the factors that are driving and restraining the global computer
numerical controls market. Moreover, IGR-Growth Matrix analysis given in the
report brings an insight on the investment areas that existing or new market
players can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of computer
numerical controls market. Moreover, the study highlights current market trends
and provides forecast from 2018-2024. We also have highlighted future trends in
the computer numerical controls market that will impact the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight on the market share of the leading players. This
report will help manufacturers, suppliers and distributors of the computer
numerical controls market to understand the present and future trends in this
market and formulate their strategies accordingly.
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