Global Computer Numerical Control (CNC) Machines Market Insights Forecasts to 2032

• The Global Computer Numerical Control (CNC) Machines Market Size was valued at USD 63.78 Billion in 2022.
• The Market Size is Growing at a CAGR of 8.3% from 2022 to 2032
• The Worldwide Computer Numerical Control (CNC) Machines Market Size is expected to reach USD 141.57 Billion by 2032
• North America is expected to Grow the fastest during the forecast period

The Global Computer Numerical Control (CNC) Machines Market Size is expected to reach USD 141.57 Billion by 2032, at a CAGR of 8.3% during the forecast period 2022 to 2032.

Computer numerical control refers to automation for the operation, movement, and control of machine tools using software embedded in microcomputer chips. Tools, including CNC lathes, drills, milling tools and machines, grinders, cutting tools, and other CNC machine tools, especially high-speed ones, are used by end users. With the use of CNC technology, it is possible to insert a microchip into a device—such as a saw or a drill—and program instructions to execute automatically and precisely. These machines can work continuously, 24/7, significantly improving productivity and efficiency in various industries, such as automotive, aerospace, and electronics. Rising demands for improved efficiency in complex machining goods by industries are likely to positively impact market growth. The popularity of CNC technology is also influenced by an increase in the demand for high precision, decreased operational costs, and technological breakthroughs in production methods. Furthermore, the increase in mass manufacturing of items across industry verticals such as automotive and electronics accounts for the growth of the CNC (Computer Numerical Control) machine market. An increase in demand for mass customization is also driving the adoption of these technologies. CNC-programmed machine tools, for example, enable the speedy and economical manufacturing of multiple goods in a single batch. CNC machines use a computerized control system in which various machine components like controllers, sensors, and programmable logic controller (PLC) drives are linked via a network for communication and management. The increased use of automated production, particularly in the industrial and automotive sectors, is likely to drive the global computer numerical control market. The global computer numerical control market is expanding as a result of increased productivity, time efficiency, and precision & and accuracy offered across metalworking industries, including the automotive and manufacturing sectors. Furthermore, favorable government programs in the Asian area such as "Made in India" and "Made in China 2025" are fueling the growth of this industry. However, the high cost of CNC machines and the increased demand for highly qualified individuals to deal with software interfaces are projected to stymie market expansion. On the contrary, the increased number of application areas across numerous industry verticals is likely to provide profitable prospects for market expansion.

Driving Factors

One of the key drivers propelling the growth of the computer numerical control (CNC) machine market is the rise in demand for a variety of industrial devices and equipment, such as medical devices, semiconductor manufacturing equipment, telecom communication devices, and electric vehicles (EV). CNC systems are being used more often in factories that produce large quantities of goods. Additionally, a variety of procedures utilized in CNC to create standardized components using machine tools, such as CAD and CAM, are interchangeable. The growing importance of real-time data for process modeling and predictive maintenance in manufacturing industries is driving the global use of industrial automation systems. Automation has various advantages, including increased productivity and lower operating costs for companies that manufacture components for the automotive, medical, aerospace, and military industries. It also increases the quality, safety, homogeneity, and precision of production processes. Automakers are increasingly using highly automated technology such as CNC machines to automate their manufacturing processes.

The expansion of the global market is being driven by the rising IoT manufacturing investment. For instance, reports claim that by 2020, the manufacturing sector will have spent almost USD 267 billion on IoT. The adoption of smart gadgets is the main concern of manufacturers. According to the reports, 31% of industrial techniques and tools already use smart devices.

Restraining Factors

CNC machines are generally more expensive than manually operated devices. However, their cost is expected to decrease with time. Furthermore, constant maintenance of high-tech items is required for producers to keep the machines running properly. Furthermore, sufficient training and machinists must get acquainted with the professional skills required to run this equipment. As a result, firms are implementing various training programs to improve the abilities of machinists to mitigate the impact of the constraint. However, the major factors restraining the growth of the computer numerical control machine market include the significant investment expenditure required during the initial phase and the high cost associated with the acquisition, deployment, and training of the employees, especially among SMEs with limited operational finance.

Market Segmentation

By Type Insights

The lathe machines segment is dominating the market with the largest revenue share over the forecast period.

Based on type, the global computer numerical control (CNC) machines market is segmented into laser machines, grinding machines, lathe machines, winding machines, milling machines, welding machines, and others. Among these, the lathe machines segment is dominating the market with the largest revenue share of 38.6% over the forecast period. The necessity to produce specialized components such as cylinder heads, gearboxes, starter motors, and prototyping purposes is what is driving this demand. The segment is also anticipated to profit from technological developments in already installed CNC lathe systems. It is anticipated that the category growth will be favourably impacted by the inclusion of new features to appeal to a variety of applications. Additionally, it is anticipated that the CNC milling machine category will expand the fastest during the projected period. The increased emphasis on industrial automation and technological improvements, for example, are contributing to the global expansion of milling machines.

By Application Insights

The automotive segment is dominating the market with the largest revenue share over the forecast period.

Based on type, the global computer numerical control (CNC) machines market is segmented into industrial, manufacturing, automotive, power & energy, aerospace & defense, construction equipment, and others. Among these, the automotive segment dominates the market with the largest revenue share of 43.7% over the forecast period. Because there is a growing need for parts that can be produced more quickly and efficiently in the automobile industry, this section of the market currently accounts for a sizeable portion of the market. These machines are capable of producing a variety of parts, such as the combustion engine, the suspension parts, the lights, the exhaust parts, the fluid system parts, the bushings, and the valve retainers. The automobile industry requires high levels of accuracy and precision as well as shortened operating times and consistent results for repetitive jobs, which has led to a surge in the use of CNC machines in this industry. In addition, segmental growth is anticipated to be driven by increased automation in the manufacturing and production processes of the aerospace, medical, and defense sectors. The general machinery and transport machinery segments are expected to grow, thus positively contributing to the market revenue in the forthcoming years. The market sector with the quickest growth is high-precision engineering. The expanding demand is blamed for this expansion.

Regional Insights

Asia Pacific dominates the market with the largest market share over the forecast period.

Asia Pacific is dominating the market with more than 32.8% market share over the forecast period.
it is expected to dominate the CNC (Computer Numerical Control) machine market share. The increasing demand for precision products in short lead time leads to increased CNC machine adoption. Significant technological developments have taken place in the area, which has facilitated the spread of CNC machines. The market demand is attributed to the surge in industrial equipment manufacturing outsourcing services, low operational costs, and the availability of cheap raw materials that fuel the demand for manufacturing outsourcing and boost the sales of CNC machines over the forecast period. A significant increase in the manufacturing sector has also occurred in the area, along with quick industrialization.  

North America is expected to experience tremendous growth as a result of the U.S.'s growing adoption of cutting-edge technologies. Additionally, the region will see an increase in the adoption of this equipment due to the expanding use of machine tools for metalworking facilities across several industries. Additionally, rising imports ascribed to the manufacturing industry are fostering market expansion.

The expansion of the global market is anticipated to be influenced by the Middle East and Africa. This component is a result of rising demand from the construction, aerospace, food & and beverage, and automotive industries. Rising auto sales in Kuwait, Jordan, and other countries will also expand the regional market.

List of Key Market Players

• Okuma Corporation
• FANUC Corporation
• XYZ Machine Tools
• Doosan Machine Tools Co., Ltd.
• Trumpf
• Amada Machine Tools Co., Ltd
• JTEKT Corporation
• MAG IAS GmbH
• Schuler AG
• Makino
• Hyundai WIA
• Komatsu Ltd.
• Yamazaki Mazak Corporation
• Mitsubishi Heavy Industries Machine Tool Co., Ltd.
• General Technology Group Dalian Machine Tool Corporation
• ANCA Group

Key Market Developments

• In May 2023, FANUC America and Bantam Tools collaborated to create this powerful new Desktop CNC with a FANUC industrial controller and servo motors. The New Bantam Tools Desktop CNC Milling Machine Powered by FANUC is compact and powerful. It is designed with a FANUC industrial controller and FANUC servo motors on all 3 axes to build industrial CNC machining skills and for experienced machinists who want a powerful tool for prototyping using the industry standard in CNC controls.

• In February 2023, NORCK has recently launched a new platform that streamlines CNC machining significantly. NORCK says its innovative technology and advanced features have transformed the industry and set new standards for efficiency, accuracy, and speed.

• On August 2023, Okuma America Corporation Debuts Next-Generation CNC Machine Control. Okuma America Corporation is pleased to announce the launch of the OSP-P500, the company’s next-generation machine control for its expansive line of CNC (computer numeric control) machine tools.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Computer Numerical Control (CNC) Machines Market based on the below-mentioned segments:

Computer Numerical Control (CNC) Machines Market, Type Analysis

• Lathes
• Mills
• Routers
• Grinders
• Others

Computer Numerical Control (CNC) Machines Market, Application Analysis

• Industrial
• Manufacturing
• Automotive
• Power & Energy
• Aerospace & Defense
• Construction Equipment
• Others

Computer Numerical Control (CNC) Machines Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa