Global Computer Numerical Control Solutions Market 2020-2024
Technavio has been monitoring the computer numerical control solutions market and it is poised to grow by $ 4.99 bn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on computer numerical control solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased use of servo-based systems in industries and growing popularity of CNC machine tools. In addition, increased use of servo-based systems in industries is anticipated to boost the growth of the market as well.
The computer numerical control solutions market analysis includes end-user segment and geographical landscapes
Technavio's computer numerical control solutions market is segmented as below:
- Industrial machinery
- Aerospace and defense
By Geographical landscapes
- North America
- South America
This study identifies the dynamic metal fabrication market poised for growth as one of the prime reasons driving the computer numerical control solutions market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our computer numerical control solutions market covers the following areas:
- Computer numerical control solutions market sizing
- Computer numerical control solutions market forecast
- Computer numerical control solutions market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading computer numerical control solutions market vendors that include FANUC Corp., Makino Milling Machine Co. Ltd., Mitsubishi Electric Corp., MONDRAGON S. COOP., Robert Bosch GmbH, Rockwell Automation Inc., Sandvik AB, SIEB & MEYER AG, Siemens AG, and Yaskawa Electric Corp. Also, the computer numerical control solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.