ASEAN CNC Machine Market Outlook (2021-2031)
Description
The ASEAN CNC machine market is projected to grow significantly, reaching approximately US$ 7,287.4 million by 2031, up from US$ 3,792.9 million in 2024, with an estimated compound annual growth rate (CAGR) of 9.8% from 2025 to 2031.
Executive Summary and Market Analysis
The ASEAN CNC machine market showcases advanced technological capabilities, driven by continuous innovation, automation improvements, and significant industry changes. The market encompasses six key countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, each contributing unique competitive advantages that collectively enhance technological advancement and manufacturing quality in the region.
Indonesia is witnessing substantial growth in its CNC machine sector, fueled by a burgeoning manufacturing industry and ongoing infrastructure projects. The large domestic market, along with industrial policy reforms and foreign investments, is increasing the demand for CNC technologies in vital sectors such as automotive, electronics, and consumer goods. Indonesia's commitment to industrial modernization and smart manufacturing is further accelerating the adoption of CNC systems.
Malaysia benefits from a robust electronics manufacturing ecosystem and an export-driven industrial framework. The nation’s focus on Industry 4.0, supported by government incentives and a skilled workforce, strengthens its competitive edge. CNC machines are extensively used in Malaysia’s precision manufacturing, particularly in semiconductors, automotive parts, and medical devices.
In the Philippines, CNC adoption is on the rise, driven by the government’s initiative, “Make It Happen in the Philippines,” which aims to enhance local manufacturing capabilities. The growth of industries such as aerospace parts manufacturing, electronics assembly, and metalworking is increasing the demand for CNC systems. Additionally, investments in industrial training and workforce development are fostering a technically proficient labor pool.
Singapore stands out as a leader in high-tech manufacturing and CNC machine integration, supported by its advanced infrastructure and a strong innovation ecosystem. The country’s aerospace, biomedical, and precision engineering sectors heavily rely on CNC machines for high-precision machining and automated production processes. Singapore’s strategic position as a technology hub promotes ongoing CNC innovation and the adoption of smart factory solutions.
Thailand’s CNC machine market is propelled by its well-established automotive and electronics sectors, along with supportive government initiatives like “Thailand 4.0,” which encourages smart manufacturing. The country’s strong supplier network, manufacturing clusters, and foreign investment are facilitating the deployment of CNC technologies. Vocational training programs are also addressing the skills gap in advanced machining.
Vietnam is emerging as a significant player in CNC-based manufacturing, supported by favorable trade agreements, competitive production costs, and a rapidly growing industrial base. The government’s focus on industrial development emphasizes modernization and automation, promoting the use of CNC machines in textiles, metal processing, and consumer electronics. Vietnam’s increasing integration into global supply chains positions it as a key contributor to the ASEAN CNC machine market.
Market Segmentation Analysis
The CNC machine market is segmented by machine type, layout type, end-user, and axis type. By machine type, the market includes CNC lathes, CNC mills, turning centers, CNC grinders, CNC drilling, and CNC boring, with turning centers leading in market share in 2024. In terms of layout, the market is divided into vertical and horizontal segments, with vertical machines dominating. The end-user segmentation includes automotive, general engineering, aerospace and defense, power and energy, construction equipment, and others, with the automotive sector holding the largest share. Lastly, by axis type, the market is categorized into 2-3 axis, 4-6 axis, and 7 axis and above, with the 2-3 axis segment being the most significant in 2024.
Market Outlook
The ASEAN CNC machine market is poised for rapid expansion, with countries like Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam playing pivotal roles in shaping regional demand. These nations possess diverse industrial strengths, from electronics and automotive to aerospace and precision engineering, driving the adoption of CNC technologies.
A growing focus on automation, productivity, and cost-effectiveness is spurring investments in CNC systems across the region. Governments are advocating for smart manufacturing through Industry 4.0 initiatives, while businesses aim to reduce manual errors and improve output quality. With increasing foreign investments and export-oriented strategies, the ASEAN CNC machine market is set for sustained long-term growth.
Country Insights
The CNC machine market in ASEAN is characterized by the active participation of key regional economies. Indonesia is advancing steadily, supported by a large domestic market and initiatives aimed at industrial modernization. Malaysia boasts a well-developed manufacturing ecosystem, particularly in electronics and precision industries, bolstered by government support for automation. The Philippines is emerging as a competitive CNC market, driven by growth in aerospace and electronics, alongside government incentives for skills development. Singapore remains a technology leader in CNC integration, with strong support for innovation and a skilled workforce. Thailand benefits from its automotive and electronics industries, while Vietnam is rapidly growing due to favorable manufacturing conditions and government strategies promoting automation.
Company Profiles
Key players in the ASEAN CNC machine market include Yamazaki Mazak Corporation, DMG MORI, Haas Automation, Inc., Fanuc Corp, Okuma Corp, TRUMPF SE + Co KG, AMADA CO., LTD., DN SOLUTIONS, JTEKT Corp, and Fives SAS. These companies employ strategies such as expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver innovative solutions to their customers.
Executive Summary and Market Analysis
The ASEAN CNC machine market showcases advanced technological capabilities, driven by continuous innovation, automation improvements, and significant industry changes. The market encompasses six key countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, each contributing unique competitive advantages that collectively enhance technological advancement and manufacturing quality in the region.
Indonesia is witnessing substantial growth in its CNC machine sector, fueled by a burgeoning manufacturing industry and ongoing infrastructure projects. The large domestic market, along with industrial policy reforms and foreign investments, is increasing the demand for CNC technologies in vital sectors such as automotive, electronics, and consumer goods. Indonesia's commitment to industrial modernization and smart manufacturing is further accelerating the adoption of CNC systems.
Malaysia benefits from a robust electronics manufacturing ecosystem and an export-driven industrial framework. The nation’s focus on Industry 4.0, supported by government incentives and a skilled workforce, strengthens its competitive edge. CNC machines are extensively used in Malaysia’s precision manufacturing, particularly in semiconductors, automotive parts, and medical devices.
In the Philippines, CNC adoption is on the rise, driven by the government’s initiative, “Make It Happen in the Philippines,” which aims to enhance local manufacturing capabilities. The growth of industries such as aerospace parts manufacturing, electronics assembly, and metalworking is increasing the demand for CNC systems. Additionally, investments in industrial training and workforce development are fostering a technically proficient labor pool.
Singapore stands out as a leader in high-tech manufacturing and CNC machine integration, supported by its advanced infrastructure and a strong innovation ecosystem. The country’s aerospace, biomedical, and precision engineering sectors heavily rely on CNC machines for high-precision machining and automated production processes. Singapore’s strategic position as a technology hub promotes ongoing CNC innovation and the adoption of smart factory solutions.
Thailand’s CNC machine market is propelled by its well-established automotive and electronics sectors, along with supportive government initiatives like “Thailand 4.0,” which encourages smart manufacturing. The country’s strong supplier network, manufacturing clusters, and foreign investment are facilitating the deployment of CNC technologies. Vocational training programs are also addressing the skills gap in advanced machining.
Vietnam is emerging as a significant player in CNC-based manufacturing, supported by favorable trade agreements, competitive production costs, and a rapidly growing industrial base. The government’s focus on industrial development emphasizes modernization and automation, promoting the use of CNC machines in textiles, metal processing, and consumer electronics. Vietnam’s increasing integration into global supply chains positions it as a key contributor to the ASEAN CNC machine market.
Market Segmentation Analysis
The CNC machine market is segmented by machine type, layout type, end-user, and axis type. By machine type, the market includes CNC lathes, CNC mills, turning centers, CNC grinders, CNC drilling, and CNC boring, with turning centers leading in market share in 2024. In terms of layout, the market is divided into vertical and horizontal segments, with vertical machines dominating. The end-user segmentation includes automotive, general engineering, aerospace and defense, power and energy, construction equipment, and others, with the automotive sector holding the largest share. Lastly, by axis type, the market is categorized into 2-3 axis, 4-6 axis, and 7 axis and above, with the 2-3 axis segment being the most significant in 2024.
Market Outlook
The ASEAN CNC machine market is poised for rapid expansion, with countries like Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam playing pivotal roles in shaping regional demand. These nations possess diverse industrial strengths, from electronics and automotive to aerospace and precision engineering, driving the adoption of CNC technologies.
A growing focus on automation, productivity, and cost-effectiveness is spurring investments in CNC systems across the region. Governments are advocating for smart manufacturing through Industry 4.0 initiatives, while businesses aim to reduce manual errors and improve output quality. With increasing foreign investments and export-oriented strategies, the ASEAN CNC machine market is set for sustained long-term growth.
Country Insights
The CNC machine market in ASEAN is characterized by the active participation of key regional economies. Indonesia is advancing steadily, supported by a large domestic market and initiatives aimed at industrial modernization. Malaysia boasts a well-developed manufacturing ecosystem, particularly in electronics and precision industries, bolstered by government support for automation. The Philippines is emerging as a competitive CNC market, driven by growth in aerospace and electronics, alongside government incentives for skills development. Singapore remains a technology leader in CNC integration, with strong support for innovation and a skilled workforce. Thailand benefits from its automotive and electronics industries, while Vietnam is rapidly growing due to favorable manufacturing conditions and government strategies promoting automation.
Company Profiles
Key players in the ASEAN CNC machine market include Yamazaki Mazak Corporation, DMG MORI, Haas Automation, Inc., Fanuc Corp, Okuma Corp, TRUMPF SE + Co KG, AMADA CO., LTD., DN SOLUTIONS, JTEKT Corp, and Fives SAS. These companies employ strategies such as expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver innovative solutions to their customers.
Table of Contents
154 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation
- 4. ASEAN CNC Machine Market Landscape
- 4.1 Overview
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
- 5. ASEAN CNC Machine Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.2 Market Restraints
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.5 Impact of Drivers and Restraints
- 6. ASEAN CNC Machine Market Regional Analysis
- 6.2 ASEAN CNC Machine Market Revenue 2021-2031 (US$ Million)
- 6.3 ASEAN CNC Machine Market Forecast Analysis
- 7. ASEAN CNC Machine Market Analysis – by Machine Type
- 7.1 CNC Lathes
- 7.1.1 Overview
- 7.1.2 CNC Lathes: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 CNC Mills
- 7.2.1 Overview
- 7.2.2 CNC Mills: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.3 Turning Centers
- 7.3.1 Overview
- 7.3.2 Turning Centers: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.4 CNC Grinders
- 7.4.1 Overview
- 7.4.2 CNC Grinders: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.5 CNC Drilling
- 7.5.1 Overview
- 7.5.2 CNC Drilling: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.6 CNC Boring
- 7.6.1 Overview
- 7.6.2 CNC Boring: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8. ASEAN CNC Machine Market Analysis – by Layout Type
- 8.1 Vertical
- 8.1.1 Overview
- 8.1.2 Vertical: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 Horizontal
- 8.2.1 Overview
- 8.2.2 Horizontal: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9. ASEAN CNC Machine Market Analysis – by End User
- 9.1 Automotive
- 9.1.1 Overview
- 9.1.2 Automotive: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 General Engineering
- 9.2.1 Overview
- 9.2.2 General Engineering: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.3 Aerospace and Defense
- 9.3.1 Overview
- 9.3.2 Aerospace and Defense: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.4 Power and Energy
- 9.4.1 Overview
- 9.4.2 Power and Energy: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.5 Construction Equipment
- 9.5.1 Overview
- 9.5.2 Construction Equipment: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10. ASEAN CNC Machine Market Analysis – by Axis Type
- 10.1 2-3 Axis
- 10.1.1 Overview
- 10.1.2 2-3 Axis: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.2 4-6 Axis
- 10.2.1 Overview
- 10.2.2 4-6 Axis: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.3 7 Axis and Above
- 10.3.1 Overview
- 10.3.2 7 Axis and Above: ASEAN CNC Machine Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 11. ASEAN CNC Machine Market – ASEAN Analysis
- 11.1 Overview
- 11.2 ASEAN
- 11.2.1 ASEAN CNC Machine Market Breakdown, by Key Country, 2025 and 2031 (%)
- 11.2.1.1 ASEAN CNC Machine Market – Revenue and Forecast Analysis – by Country
- 11.2.1.1 Indonesia: ASEAN CNC Machine Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.1.1 Indonesia: ASEAN CNC Machine Market Breakdown, by Machine Type
- 11.2.1.1.2 Indonesia: ASEAN CNC Machine Market Breakdown, by Layout Type
- 11.2.1.1.3 Indonesia: ASEAN CNC Machine Market Breakdown, by End User
- 11.2.1.1.4 Indonesia: ASEAN CNC Machine Market Breakdown, by Axis Type
- 11.2.1.2 Malaysia: ASEAN CNC Machine Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.2.1 Malaysia: ASEAN CNC Machine Market Breakdown, by Machine Type
- 11.2.1.2.2 Malaysia: ASEAN CNC Machine Market Breakdown, by Layout Type
- 11.2.1.2.3 Malaysia: ASEAN CNC Machine Market Breakdown, by End User
- 11.2.1.2.4 Malaysia: ASEAN CNC Machine Market Breakdown, by Axis Type
- 11.2.1.3 Philippines: ASEAN CNC Machine Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.3.1 Philippines: ASEAN CNC Machine Market Breakdown, by Machine Type
- 11.2.1.3.2 Philippines: ASEAN CNC Machine Market Breakdown, by Layout Type
- 11.2.1.3.3 Philippines: ASEAN CNC Machine Market Breakdown, by End User
- 11.2.1.3.4 Philippines: ASEAN CNC Machine Market Breakdown, by Axis Type
- 11.2.1.4 Singapore: ASEAN CNC Machine Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.4.1 Singapore: ASEAN CNC Machine Market Breakdown, by Machine Type
- 11.2.1.4.2 Singapore: ASEAN CNC Machine Market Breakdown, by Layout Type
- 11.2.1.4.3 Singapore: ASEAN CNC Machine Market Breakdown, by End User
- 11.2.1.4.4 Singapore: ASEAN CNC Machine Market Breakdown, by Axis Type
- 11.2.1.5 Thailand: ASEAN CNC Machine Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.5.1 Thailand: ASEAN CNC Machine Market Breakdown, by Machine Type
- 11.2.1.5.2 Thailand: ASEAN CNC Machine Market Breakdown, by Layout Type
- 11.2.1.5.3 Thailand: ASEAN CNC Machine Market Breakdown, by End User
- 11.2.1.5.4 Thailand: ASEAN CNC Machine Market Breakdown, by Axis Type
- 11.2.1.6 Vietnam: ASEAN CNC Machine Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.6.1 Vietnam: ASEAN CNC Machine Market Breakdown, by Machine Type
- 11.2.1.6.2 Vietnam: ASEAN CNC Machine Market Breakdown, by Layout Type
- 11.2.1.6.3 Vietnam: ASEAN CNC Machine Market Breakdown, by End User
- 11.2.1.6.4 Vietnam: ASEAN CNC Machine Market Breakdown, by Axis Type
- 12. Competitive Landscape
- 12.1 Heat Map Analysis
- 12.2 Company Positioning and Concentration
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Partnerships and Collaborations
- 13.4 Other Developments
- 14. Company Profiles
- 14.1 Yamazaki Mazak Corporation
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 DMG MORI
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Haas Automation, Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Fanuc Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Okuma Corp
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 TRUMPF SE + Co KG
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 AMADA CO., LTD.
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 DN SOLUTIONS
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 JTEKT Corp
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 Fives SAS
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
- 15. Appendix
- 15.1 About Business Market Insights
- 15.2 List of Abbreviations
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