NEW YORK, Oct. 19, 2022 /PRNewswire/ -- The CNC machine tools market is growing at a CAGR of 9.19% and is expected to register a market size growth of USD 28.18 billion from 2021 to 2026. The report analyses the market size and growth and provides accurate predictions on the growth of the market.
- The report recognizes the following as the key players in the CNC machine tools market: AMADA Co. Ltd., DMG MORI Co Ltd, DN Solutions Co. Ltd., Ellison Technologies Inc., FANUC Corp., among others.
- APAC to have a significant share in the CNC machine tools market.
- Market to observe 9.03% YOY growth in 2022.
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The CNC machine tools market is expected to witness substantial growth during the forecast period, primarily owing to the advantages over conventional machines. CNC machine tools are replacing conventional machines at a fast rate, as they offer advantages such as reduced cycle time, lower labor costs, and easy reproduction of parts. Moreover, CNC machine tools can be reprogrammed in a short span of time, which gives them the ability to switch from manufacturing one part to another quickly. These can store all the programs that can be used in the future. These factors will support market growth during the forecast period.
The report also covers information on the upcoming trends and challenges that will influence the market growth. Explore additional information by Downloading a FREE PDF Sample Report
The CNC machine tools market is fragmented, and the vendors are adopting organic and inorganic growth strategies to compete in the market. The key offerings of some of the major vendors are listed below:
- AMADA Co. Ltd. - The company offers CNC machine tools such as TYKMA Electrox engraving systems.
- DMG MORI Co Ltd - The company offers CNC machine tools such as replaceable insert drills and porting tools.
- DN Solutions Co. Ltd. - The company offers CNC machine tools such as press brake tooling and retrofit products and accessories.
The CNC machine tools market is segmented by product into CNC lathe machines, CNC milling machines, and others. The CNC lathe machines segment is expected to be the largest segment of the global CNC machine tools market during the forecast period. CNC lathes are used to produce plane surfaces, screw threads, and complex 3D products. CNC lathe machines are preferred over conventional lathes, as they can produce identical parts in large volumes.
The CNC lathe machines market is analyzed across five regions, namely APAC, Europe, North America, South America, and the Middle East and Africa. APAC is the dominating region and is expected to account for 39% of the global market share during the forecast period. The high demand for CNC machine tools in APAC is attributed to the growth of the automotive and industrial sectors.
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Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the CNC machine tools market report:
- Further breakdown of the market segmentation at requested regions.
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
- Know the strategies adopted by vendors during the recovery phase. Read Our Sample Report
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CNC Machine Tools Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.19% |
Market growth 2022-2026 |
USD 28.18 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.03 |
Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Key companies profiled |
AMADA Co. Ltd., DMG MORI Co Ltd, DN Solutions Co. Ltd., Ellison Technologies Inc., FANUC Corp., Georg Fischer Ltd., Hurco Companies Inc., Hyundai Wia Corp., JTEKT Corp., Komatsu Mining Corp., Meredith Machinery, Micromatic Machine Tools Pvt. Ltd., Sandvik AB, Shibaura Machine Co. Ltd, TRUMPF GmbH Co. KG, 600 Group Plc, Haas Automation Inc., Allied Machine and Engineering Corp., and Makino Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 CNC lathe machines - Market size and forecast 2021-2026
- Exhibit 28: Chart on CNC lathe machines - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on CNC lathe machines - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on CNC lathe machines - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on CNC lathe machines - Year-over-year growth 2021-2026 (%)
- 5.4 CNC milling machines - Market size and forecast 2021-2026
- Exhibit 32: Chart on CNC milling machines - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on CNC milling machines - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on CNC milling machines - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on CNC milling machines - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 600 Group Plc
- Exhibit 93: 600 Group Plc - Overview
- Exhibit 94: 600 Group Plc - Business segments
- Exhibit 95: 600 Group Plc - Key offerings
- Exhibit 96: 600 Group Plc - Segment focus
- 10.4 Allied Machine and Engineering Corp.
- Exhibit 97: Allied Machine and Engineering Corp. - Overview
- Exhibit 98: Allied Machine and Engineering Corp. - Product / Service
- Exhibit 99: Allied Machine and Engineering Corp. - Key offerings
- 10.5 AMADA Co. Ltd.
- Exhibit 100: AMADA Co. Ltd. - Overview
- Exhibit 101: AMADA Co. Ltd. - Business segments
- Exhibit 102: AMADA Co. Ltd. - Key news
- Exhibit 103: AMADA Co. Ltd. - Key offerings
- Exhibit 104: AMADA Co. Ltd. - Segment focus
- 10.6 DMG MORI Co Ltd
- Exhibit 105: DMG MORI Co Ltd - Overview
- Exhibit 106: DMG MORI Co Ltd - Business segments
- Exhibit 107: DMG MORI Co Ltd - Key offerings
- Exhibit 108: DMG MORI Co Ltd - Segment focus
- 10.7 DN Solutions Co. Ltd.
- Exhibit 109: DN Solutions Co. Ltd. - Overview
- Exhibit 110: DN Solutions Co. Ltd. - Product / Service
- Exhibit 111: DN Solutions Co. Ltd. - Key offerings
- 10.8 FANUC Corp.
- Exhibit 112: FANUC Corp. - Overview
- Exhibit 113: FANUC Corp. - Product / Service
- Exhibit 114: FANUC Corp. - Key offerings
- 10.9 Georg Fischer Ltd.
- Exhibit 115: Georg Fischer Ltd. - Overview
- Exhibit 116: Georg Fischer Ltd. - Business segments
- Exhibit 117: Georg Fischer Ltd. - Key offerings
- Exhibit 118: Georg Fischer Ltd. - Segment focus
- 10.10 Haas Automation Inc.
- Exhibit 119: Haas Automation Inc. - Overview
- Exhibit 120: Haas Automation Inc. - Product / Service
- Exhibit 121: Haas Automation Inc. - Key offerings
- 10.11 Hurco Companies Inc.
- Exhibit 122: Hurco Companies Inc. - Overview
- Exhibit 123: Hurco Companies Inc. - Business segments
- Exhibit 124: Hurco Companies Inc. - Key offerings
- Exhibit 125: Hurco Companies Inc. - Segment focus
- 10.12 Hyundai Wia Corp.
- Exhibit 126: Hyundai Wia Corp. - Overview
- Exhibit 127: Hyundai Wia Corp. - Business segments
- Exhibit 128: Hyundai Wia Corp. - Key offerings
- Exhibit 129: Hyundai Wia Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 11.5 List of abbreviations
- Exhibit 136: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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