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Global CNC Machine Tools Market 2017-2021

Global CNC Machine Tools Market 2017-2021

About CNC Machine Tools

CNC machine tools are automated conventional machine tools in which the motion and function are controlled by means of a computer. The computer executes machine control commands to perform machining on a workpiece. This facilitates the production of identical parts in high volumes without compromising on quality. CNC machine tools are broadly classified into CNC lathe machines, CNC milling machines, and others on the basis of operation.

Technavio’s analysts forecast the global CNC machine tools market to grow at a CAGR of 9.02% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global CNC machine tools market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, and value.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global CNC Machine Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DMTG
  • DMG MORI
  • SMTCL
  • Yamazaki Mazak
Other prominent vendors
  • Allied Machine & Engineering
  • ACE MICROMATIC
  • Amada
  • Amera-Seiki
  • BYJC-OKUMA (Beijing) Machine Tools
  • Doosan
  • Doosan Infracore
  • Enshu
  • Fair Friend Group
  • FANUC
  • GF Machining Solutions
  • Haas Automation
  • Hardinge
  • Heller
  • HMT
  • HURCO
  • HYUNDAI WIA
  • JIUH-YEH PRECISION MACHINERY (MillStar)
  • JTEKT
  • Kennametal
  • KIWA Japan
  • Komatsu
  • Maco
  • Makino Milling Machine
  • Matsuura
  • Micromatic Grinding Technologies
  • OKK
  • Sandvik
  • SISTER MACHINE TECHNOLOGY
  • SNK
  • Tongtai Machine & Tools
  • Toshiba Machine
  • Toyoda
  • Yama Seiki
  • YCM
Market driver
  • Multifunctionality in use
  • For a full, detailed list, view our report
Market challenge
  • Need for aftersales services
  • For a full, detailed list, view our report
Market trend
  • Design of new milling tools
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global CNC Machine Tools Market 2017-2021

Technavio recognizes the following companies as the key players in the global CNC machine tools market: DMTG, DMG MORI, SMTCL, and Yamazaki Mazak.

Other Prominent Vendors in the market are: Allied Machine & Engineering, ACE MICROMATIC, Amada, Amera-Seiki, BYJC-OKUMA (Beijing) Machine Tools, Doosan, Doosan Infracore, Enshu, Fair Friend Group, FANUC, GF Machining Solutions, Haas Automation, Hardinge, Heller, HMT, HURCO, HYUNDAI WIA, JIUH-YEH PRECISION MACHINERY (MillStar), JTEKT, Kennametal, KIWA Japan, Komatsu, Maco, Makino Milling Machine, Matsuura, Micromatic Grinding Technologies, OKK, Sandvik, SISTER MACHINE TECHNOLOGY, SNK, Tongtai Machine & Tools, Toshiba Machine, Toyoda, Yama Seiki, and YCM.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is design of new milling tools. The commercial use and the growing popularity of advanced CNC machines and machining centers have prompted the manufacturers to develop new milling tools that are more efficient and versatile. In the past milling tools were designed for specific applications.”

According to the report, one driver in the market is multifunctionality in use. Industrial growth, especially in the automotive sector, has prompted manufacturers to keep up with consumer demand by increasing productivity and reducing process time. In conventional metal processing machines like an ordinary lathe, the metal that needs to be processed has to be moved from one machine to another to be operated on for various machining process like milling, drilling, facing, and turning. However, with the upgrade in machining, i.e., the advent of 5-axis and 6-axis CNC machines enable the manufacturer to carry out all the above operations on a single machine.

Further, the report states that one challenge in the market is need for aftersales services. High productivity and efficiency have given a significant boost to the demand for CNC technology in the manufacturing and industrial processes. However, CNC machines need regular maintenance and servicing to ensure that the efficiency and productivity are not compromised. This is impeding their adoption by many end-users. Unscheduled downtime is an extremely vexing issue for a busy fabricating operation. However, these production snags can be overcome by adherence to a smart maintenance schedule and empowering a maintenance team.

Companies Mentioned

DMTG, DMG MORI, SMTCL, and Yamazaki Mazak.

Other Prominent Vendors in the market are: Allied Machine & Engineering, ACE MICROMATIC, Amada, Amera-Seiki, BYJC-OKUMA (Beijing) Machine Tools, Doosan, Doosan Infracore, Enshu, Fair Friend Group, FANUC, GF Machining Solutions, Haas Automation, Hardinge, Heller, HMT, HURCO, HYUNDAI WIA, JIUH-YEH PRECISION MACHINERY (MillStar), JTEKT, Kennametal, KIWA Japan, Komatsu, Maco, Makino Milling Machine, Matsuura, Micromatic Grinding Technologies, OKK, Sandvik, SISTER MACHINE TECHNOLOGY, SNK, Tongtai Machine & Tools, Toshiba Machine, Toyoda, Yama Seiki, and YCM.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Current market scenario and future projections for each product type 2016-2021
      • Table Current market scenario and future projections of regions 2016-2021
  • Market landscape
    • Market overview
      • Table Global CNC machine tools market
    • Market size and forecast
      • Table Global CNC machine tools market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Market share of each product type 2016 and 2021 (% share)
    • CNC lathe machines
      • Table Global CNC lathe machine tools market 2016-2021 ($ billions)
      • Table Share of CNC lathes in global lathe machines market (%)
    • CNC milling machines
      • Table Global CNC milling machine tools market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Market share of geographical regions 2016 and 2021 (% share)
    • APAC
      • Table CNC machine tools market in APAC 2016-2021 ($ billions)
      • Table Urban population (% of total) in APAC and the world 2008-2015 (%)
      • Table Growth of social infrastructure spending in APAC 2016-2020 (%)
    • EMEA
      • Table CNC machine tools market in EMEA 2016-2021 ($ billions)
      • Table Building permits issued index in EU 2007-2015
      • Table Increase in night stays at tourist accommodation establishments in EU 2010-2015 (%)
    • Americas
      • Table CNC machine tools market in Americas 2016-2021 ($ billions)
      • Table Growth of social infrastructure spending in Americas 2016-2020 (%)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Advantages of CNC machine tools
      • Table Some of the multiple functions performed by a typical CNC machine without changing the workpiece
    • Market challenges
      • Table Monthly change in global stainless-steel price 2016
  • Market trends
    • 6-axis CNC machine redefining machining operation
    • Design of new milling tools
    • Emergence of 3D printing
      • Table Comparison of manufacturing properties
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors for CNC machine tools market
    • Other prominent vendors
  • Key vendor analysis
    • DMTG
    • DMG MORI
    • SMTCL
    • Yamazaki Mazak
  • Appendix
    • List of abbreviations
  • Explore Technavio

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