CNC Metal Cutting Machine Market by Type (Machining Centers, Lathe Machines, Gear Cutting Machines, Laser Cutting Machines, and Others), and End User (Automobile, Aerospace &Defense, Electronics, Power & Energy, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global CNC metal cutting machine market size was valued at $53,069.1 million in 2020, and is projected to reach $83,364.4 million by 2030, registering a CAGR of 4.2% from 2020 to 2030. CNC metal cutting machine is a machining tool that operates on computer-controlled manufacturing technique. It manipulates machine shop tools using computer programming inputs. These machines process a metal workpiece by following a coded programmed instruction and without a manual operator to meet specifications.
A CNC machine works according to specific input instructions, which are delivered in the form of a sequential program of machine control instructions such as G-code. Some of the advantageous features of CNC metal cutting machine includes high accuracy, safe to operate, less error rate, low maintenance, and others.
The growing markets of automotive, consumer electronics, and defense fuels the demand for these machines to be installed for manufacturing. Increase in manufacturing machinery industries drives the market growth. However, fluctuations in foreign currencies continues its influence over profit margins. This is anticipated to hamper the market growth. Furthermore, supportive government regulations and initiatives for machine tool industry are the factors expected to boost the demand for these machines in near future.
The global CNC metal cutting machine market is segmented on the basis of type, end user, and region. By type, the market is classified into machining centers, lathe machines, gear cutting machines, laser cutting machines, and others. By end user, it is categorized into automobile, aerospace & defense, electronics, power & energy, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
The major market participants profiled in this report include Amada Holdings Co., Ltd., Coherent, Inc., DMG MORI CO., Ltd., Hurco Companies, Inc., Komatsu Ltd, Lincoln Electric Holdings, Inc., Maschinenfabrik Berthold Hermle AG, Okuma Corporation, TRUMPF GmbH + Co. KG, and Yamazaki Mazak Corporation
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging CNC metal cutting machines market trends and dynamics.
In-depth CNC metal cutting machines market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030.
Extensive analysis of the CNC metal cutting machines market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global CNC metal cutting machines market forecast analysis from 2021 to 2030 is included in the report.
The key players within CNC metal cutting machines market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the CNC metal cutting machines industry.
GLOBAL CNC METAL CUTTING MACHINES MARKET SEGMENTS
BY PRODUCT TYPE
Gear Cutting Machines
Laser Cutting Machines
BY END USER
Aerospace & defense
Power & Energy
Rest of Europe
Rest of Asia-Pacific
Amada Holdings Co., Ltd.
DMG MORI CO., Ltd.
Hurco Companies, Inc.
Lincoln Electric Holdings, Inc.
Maschinenfabrik Berthold Hermle AG
TRUMPF GmbH + Co. KG
Yamazaki Mazak Corporation
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